Topic: Is CHINA CONTROLLING Bitcoin? - page 19. (Read 92657 times)

yes there was a lot of fake volume right before the People Bank of China probe and the situation almost kill people thirst for bitcoin and I'm happy in the life of Japan, US, the tea company etc for bringing the thirst back which take out the power the Chinese had to control the price of bitcoin. Concerning the price of control the price of bit coin the investors, media, you and I have the power but concerning the mining section  I think China controls that.

For me its maybe upon situations and circumstances although they have the biggest bitcoin mining powers and big bag holders of bitcoins so it is possible if those Chinese holders will make a move in a single attack . But as far as i know and nowadays after legalizing bitcoins on japan ,Japan marks the bighest market now if im not mistaken .So whatever it is if they troll bitcoins price there's no big worry for that .it will back to the normal range and movements of bitcoins.

The big miners are present at China they are able to manage and affect bitcoin price

The exchange volume there are more real now as they charge trading fee.

the exchange volumes are all fake. They make it up in order to scare other countries. Damn. I can not believe that they dare to do this job. However, I have to admit that they have some particularly impacts on Bitcoin and the Bitcoin prices can be easily damaged by their moves. Moreover, most of the mining farm located on their countries and not only bitcoin mining but also altcoin mining

When the volumes in Chinese exchange reduced because of their new rules and implementation people started forgetting that fact that people were crying out loud that China was controlling the coin,now people will find a new high volume exchange and start complaining that country for controlling the coin.

The Chinese government got wind of the financial shift in the markets and countered, making Bitcoin persona non grata when it came to banking and regulatory authority. They have also censored Bitcoin rallies and conferences, to keep a lid on Bitcoin’s publicity and level of interest nationwide. Coupled with the Mt. Gox collapse, this started a financial market crash that only now Bitcoin is starting to recover from.  This is just a taste of the power China can exert on ANY financial market within a matter of months.

Oddly, restrictions were either navigated around or lessened, and Bitcoin is not seen as an insurgent threat to their national currency, but an online commodity to be traded. Throughout 2014 until the current day, China has increased and maintained a massive market share in Bitcoin. According to global financial giant Goldman Sachs, currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since Q4 of 2013, when Bitcoin prices exploded almost overnight. It’s like a light came on; Bitcoin was seen as available for purchase, and a stampede that would make Wal-Mart on Black Friday blush began. You can see below Bitcoin was almost exclusively a US Dollar investment from the beginning, but the US Dollar has faded fast since Chinese found out about it.

Well, after china exchange market is down, I think china is not so influential in the world of bitcoin. Well, I think that when exchanger china down, into a bitcoin prices plummeted, however, it did not happen. I think China is not in control strong again today.

have you been sleeping for the past month?
the Chinese exchange market is down, it is closed and has zero users right now and as you can see bitcoin price is going up much faster than before.

China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.

If you look carefully there are huge miners and pool outside China too and i really do not accept that a Country is controlling the price of bitcoin or influencing bitcoin ,if you really invest your time and money into bitcoin and if the share is larger than the rest then you can really control it.

Russian state now also are beginning to accept bitcoin, there are some companies there that allows citizens to Russia to pay the phone bill and internet use bitcoin. I'm sure if china releasing bitcoin, the largest bitcoin control will switch to the Russian, American, or Japanese.

china is not the only country uses the bitcoin which means if they wont work through it out bitcoin will continue and wont die so china has no control of it.

well of course they will do that, I mean it is a pretty rich country that can invest a lot of money into mining first of all because they can easily get nearly free power besides that they can create their own hardware, though I have to argue that it is controlling bitcoins, even though they have a lot of impact bitcoin is controlled by everyone in the world who owns it and that's how it will always be.

I agree with you that China is not in control not anymore or even losing it. With the happenings in the past months,it seems China is losing its control with bitcoin. Japan is legalizing now and some country are following suit like Philippines, meaning some other country are upgrading there bitcoin portfolio.Europe is also joining the race

No..not anymore.
I will say that Japan will be the rightful contender to be and more than likely be the new china when it comes to who is controlling bitcoin.
Isn't it fitting really? With a name like Satoshi Nakamoto being the creator of the most exciting cryptocurrency ever created?

Nah for now china is the house of bitcoins. And regarding the question china isn't exactly controlling the price of bitcoin it is just taking tha advantage that most bitcoin holders are Chinese itself and you can't blame them for this, they have done this in past with gold if you all remember

Chinese is not the houses of bitcoin. US is correct in my opinion.

Before the PBOC investigation.
- Zero fees
- A lot of the fake volumes
- The condition of bitcoin is unstable

After PBOC investigation
- The fees has applied
- Removing the fake volumes
- The bitcoin is really strong right now.

Actually I'm not thinking about that, for all what important to me is as long as the features of bitcoin is being applied for the individuals the demand huge volume is still in the hand of the majority. And I don't think China has an ability to control bitcoin, no it won't due to bitcoin decentralized, always keep that in mind.