Topic: Is CHINA CONTROLLING Bitcoin? - page 28. (Read 92666 times)
I believe that, take a look at bitcoin exchanger in china, they are always the fastest in the latest price update. When many forums in china discuss bitcoin will rise, then the price really goes up, and vice versa.
I'm not sure that anyone can control the bitcoin, we all know anonymous bitcoin, if indeed anyone can claim controlled of it is just the truth only because the allegations could not be substantiated.
Bitcoin is a weapon of mass financial destruction and the Chinese know it. And it is them that have it... But Shh! Should not be too much attention here on it at the moment... they come out this weapon when the great depression will take place and it will act as a terrible vacuum of capital.
Anyway basically I wanted to say that bitcoin has a big concern in China... There is not really a tolerance of the Chinese authorities because they just took the time to understand how it works. they have understood the value of bitcoin technology to get their "bityuan" and emancipate the dollars. The China with guarantee and especially financial has the way to impose it worldwide as a fiat currency
Nothing better, to start, to impose to more than one billion Chinese...
In short measures against bitcoin in China will become stronger and stronger. Control of banks and platforms. Denunciation arrest closing etc. anyway I'm quite pessimistic about BTC existence in this country... The war of the worlds will become the currency war!
Anyway basically I wanted to say that bitcoin has a big concern in China... There is not really a tolerance of the Chinese authorities because they just took the time to understand how it works. they have understood the value of bitcoin technology to get their "bityuan" and emancipate the dollars. The China with guarantee and especially financial has the way to impose it worldwide as a fiat currency
Nothing better, to start, to impose to more than one billion Chinese...
In short measures against bitcoin in China will become stronger and stronger. Control of banks and platforms. Denunciation arrest closing etc. anyway I'm quite pessimistic about BTC existence in this country... The war of the worlds will become the currency war!
Big time investors are definitely manipulating the price to make money, and a lot of them are Chinese.
If you think this drop from $1100 to sub $800 wasn't partially manufactured, you're fooling yourself.
Smart, powerful people used existing events, spread FUD to further push prices down, and bought tons of cheap Bitcoin that weak investors sold off.
Now price is going back up and they are making a fortune.
If you think this drop from $1100 to sub $800 wasn't partially manufactured, you're fooling yourself.
Smart, powerful people used existing events, spread FUD to further push prices down, and bought tons of cheap Bitcoin that weak investors sold off.
Now price is going back up and they are making a fortune.
no one country can control completely
no matter how many measures, the black site still works
This is totally happening
Chinese government can not manage the Bitcoin
I believe that is true
no matter how many measures, the black site still works
This is totally happening
Chinese government can not manage the Bitcoin
I believe that is true
No one cant control the bitcoins. Not even China
I think "control" is the operative word here. Replace "control" with words such as "dominate" or "influence," and you have an inescapable scenario. Some conglomerate will always be able to dominate or influence Bitcoin, even your perception of "the good guys," whoever they may be. It's like a race will always have a winner. It's expected and it should not deter anyone from racing.
No one cant control the bitcoins. Not even China
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
There is no one controlled a bitcoin even the china cause the maker of that is nakamoto and it has its own rules. And if theres no bitcoiners, bitcoin will disappear. Bitcoin is a cryptocurrency and it has a own code. Try to search more in google maybe it could help your question so much. Do you think that China is controlling/ruling bitcoin yes or no?
Chinese people has owned nearly 90%of total bitcoins in the world. this fact shows chinese people can control bitcoin price as you know when china's government has some bitcoin restrictions on the big bitcoin exchanges and yes, bitcoin price will deeply decrease at once from 1,180$ being down 820$.
It's a BiG NO NO!!! China doesn't control bitcoin!! China is only the biggest user of bitcoin because they have the biggest population among the rest of the countries worldwide. We can never tell who controls bitcoin because even the real founder or maker of it is still unknown. We only knew that he is Satoshi Nakamoto but no one can really prove it.
China is not only the biggest User of bitcoins but if you investigate you will find the 70% of the Bitcoin mining is being done in China. For this reason, they are the controllers of bitcoins and its price more importantly. Rest of the world is just following them.
Yes, i think china is the biggest market of bitcoins.
despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network
sad but true
sad but true
People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.
Do you think that China is controlling/ruling bitcoin yes or no?
There is no one controlled a bitcoin even the china cause the maker of that is nakamoto and it has its own rules. And if theres no bitcoiners, bitcoin will disappear. Bitcoin is a cryptocurrency and it has a own code. Try to search more in google maybe it could help your question so much. Do you think that China is controlling/ruling bitcoin yes or no?
It's a BiG NO NO!!! China doesn't control bitcoin!! China is only the biggest user of bitcoin because they have the biggest population among the rest of the countries worldwide. We can never tell who controls bitcoin because even the real founder or maker of it is still unknown. We only knew that he is Satoshi Nakamoto but no one can really prove it.
China is not only the biggest User of bitcoins but if you investigate you will find the 70% of the Bitcoin mining is being done in China. For this reason, they are the controllers of bitcoins and its price more importantly. Rest of the world is just following them.
Just because China leads the bitcoin mining does not mean they control the Prices & the bitcoin network. Bitcoin is still that decentralized cryptocurrency and If you say It's being controlled by an individual, organization and country (China for example) China doesn't control bitcoin, Get your facts right.
As users quoted China has got the highest number of bitcoin users than other country people who're into digital currency usage. Also China has the miners who are the backbone for the success of bitcoin as well the technology. Based upon this changes in China's economy or governance sure makes some impact upon bitcoin for which we cannot feel that bitcoin is controlled by China. Bitcoin is always control free.
PBOC just took another squat on bitcoin ... wonder how many PBOC and gubmint insiders had short positions on Huboi, BTCC before the "announcements?
And might explain the extreme run-up if they knew this was coming also.
And might explain the extreme run-up if they knew this was coming also.
It's a good thing that the mining pools are the same thing as the miners themselves, oh wait.
I guess both yes and no. China is one of main countries which have a direct effect on BTC but there are other countries involved as well.
Miners, and I am talking about the larger farms in special, they have been saving up nearly everything they have been gaining through mining.
Them not selling their coins is resulting in the price to be able to reach current levels. Bitcoin as a market hasn't got the liquidity to eat through even 10% of what they are mining on a monthly basis
Them not selling their coins is resulting in the price to be able to reach current levels. Bitcoin as a market hasn't got the liquidity to eat through even 10% of what they are mining on a monthly basis
Oh, really? I remember you were saying quite the contrary to what you say now
Quote from: BitHodler
But I must say that if there wasn't a block halving going to happen within a year, that the price would most likely go to the $300's with the current over-supply. Glad Satoshi thought out everything well enough
What you said before essentially comes down to asserting that miners would have to decrease their supply of new coins to the market due to the halving, which turned out to be quite in line with the price growth after the halving (if we exclude the Bitfinex hack soon after and the hype before the event). But this doesn't add up very well to what you claim now, namely that Bitcoin market doesn't have enough liquidity to absorb even 10% of the miners current rewards...
So, how do you know that miners are "saving up nearly everything"?
With the level of mining difficulty so high, nobody can control bitcoin. Even at today's price, mining is a losing proposition for any duration under 24 months. We're lucky the miners don't "go on strike" and just refuse to sell. Once that happens BTC will hit $10,000/coin overnight.
sell what? miners are getting 12.5+ bitcoin each block they mine and most of the big names you see have to share that with others because they are pools not farms so they share with those who are connected to their pool
and also there are currently 16 million coins in circulation, miners not selling has and effect but it is not going to be big.
Them not selling their coins is resulting in the price to be able to reach current levels. Bitcoin as a market hasn't got the liquidity to eat through even 10% of what they are mining on a monthly basis.
Result is that even though a big chunk of the rewards are being spread to pay out miners connected to their pool, these farms have probably more than 1 million coins in reserves just sitting in wallets doing nothing.
With the level of mining difficulty so high, nobody can control bitcoin. Even at today's price, mining is a losing proposition for any duration under 24 months. We're lucky the miners don't "go on strike" and just refuse to sell. Once that happens BTC will hit $10,000/coin overnight.
sell what? miners are getting 12.5+ bitcoin each block they mine and most of the big names you see have to share that with others because they are pools not farms so they share with those who are connected to their pool
and also there are currently 16 million coins in circulation, miners not selling has and effect but it is not going to be big.
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