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Topic: Is CHINA CONTROLLING Bitcoin? - page 33. (Read 92666 times)

sr. member
Activity: 518
Merit: 250
January 04, 2017, 10:09:59 PM
China is not controlling  Bitcoin. But bitcoin mining is done on a large scale in china. I dont think it would help china to control Bitcoin since bitcoin itself is a decentralised currency.
Yes I agree, no one can give the prooved that China is controlling bitcoin, they just give the oppinion but not show the actual data. Many peoples from china also not believe about this news.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
January 04, 2017, 10:07:46 PM
No doubt again if china is the largest bitcoin mining country in the world, I think it is reasonable to be able to control bitcoin. I believe bitcoin rise at the beginning of this year due to the Chinese New Year. many people make bitcoin as a gift in china so that demand continues to rise and the prices are so high. This trend Will continues until last month.
I don't think that they are controlling Bitcoin. But I do think it is fair to say that they have a lot of influence on the price of Bitcoin. They have a huge Bitcoin mining industry and they control most of that. It sort of ruins the point of a decentralized currency if one country has a lot of influence on it.

Yeah in china there is so big bitcoin activity especially on mining also china has the biggest bitcoin stok so china is important part on bitcoin world as big player
That has been said many times, but only one thing is certain is that China has the biggest mining firm business, other than that we cannot assure who are the big bag holders of bitcoin, we are anonymous that's why.
hero member
Activity: 966
Merit: 535
January 04, 2017, 09:58:04 PM
I dont think they controlling it but more like doing the hard work for the transactions =) I dont think ot matters where miners are as long as they are there. The blockchain doesnt care about where the miner is. If the Chinese how most of the mining it does not mean they habe the bitcoins too.
full member
Activity: 213
Merit: 100
CCS - join the REVOLUTION in service
January 04, 2017, 07:39:37 PM
No doubt again if china is the largest bitcoin mining country in the world, I think it is reasonable to be able to control bitcoin. I believe bitcoin rise at the beginning of this year due to the Chinese New Year. many people make bitcoin as a gift in china so that demand continues to rise and the prices are so high. This trend Will continues until last month.
I don't think that they are controlling Bitcoin. But I do think it is fair to say that they have a lot of influence on the price of Bitcoin. They have a huge Bitcoin mining industry and they control most of that. It sort of ruins the point of a decentralized currency if one country has a lot of influence on it.

Yeah in china there is so big bitcoin activity especially on mining also china has the biggest bitcoin stok so china is important part on bitcoin world as big player
hero member
Activity: 3080
Merit: 603
January 04, 2017, 07:23:46 PM
we can say they have really invested a lot of money even if we see the odds then they have even faced huge problems with bitcoin in past time by still they have managed to get their grip on bitcoin. soon or later they will try to get more powerful in more sections

That's what Chinese are for, they are always staying to a place where they can have good business and profit. So they just saw that bitcoin will give them good opportunity at early stage and they did really invested into it with and bought a lot of bitcoins. We just cannot identify who are those people who bought a lot in China but for sure right now they are just enjoying their profit.
Yes, you both are correct. But I think china domination is just for now, becouse some of coutries were started to be bitcoin player too. I heard that Russia is wants to be a big bitcoin player such as china, USA and Japan. So I think when bitcoin get full of mass adoption, china will not able to control bitcoin any more. My opinion is china will get the biggest profit from bitcoin becouse they are get in bitcoin earlier.

I don't know if Russia wants to have a big role in the whole bitcoin economy. Because it was once banned bitcoin into his own mainland but suddenly removed the ban. But you have the point there China will not able to control bitcoin anymore but as long as he will retain and will let his people to keep on using bitcoin, he will be on the top list of the countries that has a lot of manipulators.
hero member
Activity: 700
Merit: 500
January 04, 2017, 07:18:51 PM
No doubt again if china is the largest bitcoin mining country in the world, I think it is reasonable to be able to control bitcoin. I believe bitcoin rise at the beginning of this year due to the Chinese New Year. many people make bitcoin as a gift in china so that demand continues to rise and the prices are so high. This trend Will continues until last month.
I don't think that they are controlling Bitcoin. But I do think it is fair to say that they have a lot of influence on the price of Bitcoin. They have a huge Bitcoin mining industry and they control most of that. It sort of ruins the point of a decentralized currency if one country has a lot of influence on it.
hero member
Activity: 1834
Merit: 566
January 04, 2017, 07:14:20 PM
51% By Official been in Master and in the Lead by Company derived from China. China can lead because geolocations of encouragement. China has a region size and high plains has some cool weather mouth (Cold).

Cold distinguished location. Suitable for cost saving cooling fan server computer engineering from danger overheated. So the price can compete. In add to labor, employee or labor in china famous-cost offers. So many people Across the World Miners buying services from China.

So it is possible that China controls Bitcoin.
Is only possible that China controls bitcoin. China does control bitcoin. An example, despite the fact China close for New Year holiday, China was the first country where the price of bitcoin first reach $1000 per bitcoin before the year end, so they're creating some kind of rally to look verywell.
I don't think controlling the price is what OP means, he means that they control the Bitcoin network because they own the majority of the hashpower. But I do agree that the Chinese are probably number one reason for the price rally we just had.
Not for controlling the price but have a big influence on the price of bitcoin. With the majority of hash power and a lot of volumes makes the Chinese being possible giving big influence on the bitcoin price.
Chinese has had quite a role in bitcoin.
Thanks mate and it good to see someone tht knew what's going on in the bitcoin world. Don't why people can't understand that this Chinese people has a lot of influence in both the price and mining of bitcoin.
full member
Activity: 238
Merit: 100
January 04, 2017, 07:01:30 PM
No doubt again if china is the largest bitcoin mining country in the world, I think it is reasonable to be able to control bitcoin. I believe bitcoin rise at the beginning of this year due to the Chinese New Year. many people make bitcoin as a gift in china so that demand continues to rise and the prices are so high. This trend Will continues until last month.
hero member
Activity: 938
Merit: 500
January 04, 2017, 02:30:40 PM
China miners has a huge hash, and from the last sentences i do know they are already with 51% over, soo if they wanna they can kill bitcoin, but isnt those the purpose, we are see bitcoin going up like crazy on the last two weeks, i doubt someone were expecting such, anyway China does have huge influence at bitcoin, since they provide the best rates for the big miners.
full member
Activity: 210
Merit: 100
newbie
Activity: 30
Merit: 0
January 04, 2017, 12:57:34 PM
maybe they have super mechine!
newbie
Activity: 24
Merit: 0
January 04, 2017, 09:19:24 AM
If china is really controlling bitcoin I think that we will eventually be doomed, bitcoin should remain decentralised no matter what!
sr. member
Activity: 392
Merit: 250
January 04, 2017, 09:01:31 AM
China has large number of bitcoin miners. In future, china may have large number of bitcoin holders in huge volume. It is said that chinese traders do huge pump and then do dump in bitcoin trading to gain more profits. But still, we cant say that china has control over bitcoins.
hero member
Activity: 994
Merit: 544
January 04, 2017, 07:22:18 AM
If you notice the bitcoin charts just recently bitcoin has reached 1000$ and is constantly on the rise up to now. In my observation China is controlling the market of bitcoin as of this time. They are hoarding their mined bitcoins as of this moment. They have the largest producer of bitcoin since they have the largest bitcoin mining farms in the world. If they hoard them then a shortage of supply will happen and the price will go to the moon. But when that happens they will dump all their bitcoins before they launch their fiat virtual currency. Pretty awesome, Chinese are really business minded people.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
January 03, 2017, 10:57:23 PM
we can say they have really invested a lot of money even if we see the odds then they have even faced huge problems with bitcoin in past time by still they have managed to get their grip on bitcoin. soon or later they will try to get more powerful in more sections

That's what Chinese are for, they are always staying to a place where they can have good business and profit. So they just saw that bitcoin will give them good opportunity at early stage and they did really invested into it with and bought a lot of bitcoins. We just cannot identify who are those people who bought a lot in China but for sure right now they are just enjoying their profit.
Yes, you both are correct. But I think china domination is just for now, becouse some of coutries were started to be bitcoin player too. I heard that Russia is wants to be a big bitcoin player such as china, USA and Japan. So I think when bitcoin get full of mass adoption, china will not able to control bitcoin any more. My opinion is china will get the biggest profit from bitcoin becouse they are get in bitcoin earlier.
Just like the saying that there's no permanent in this world and the only constant thing is change. Big countries will be more interested with bitcoin due to it's big potential in the future.
hero member
Activity: 672
Merit: 500
January 03, 2017, 09:09:36 PM
we can say they have really invested a lot of money even if we see the odds then they have even faced huge problems with bitcoin in past time by still they have managed to get their grip on bitcoin. soon or later they will try to get more powerful in more sections

That's what Chinese are for, they are always staying to a place where they can have good business and profit. So they just saw that bitcoin will give them good opportunity at early stage and they did really invested into it with and bought a lot of bitcoins. We just cannot identify who are those people who bought a lot in China but for sure right now they are just enjoying their profit.
Yes, you both are correct. But I think china domination is just for now, becouse some of coutries were started to be bitcoin player too. I heard that Russia is wants to be a big bitcoin player such as china, USA and Japan. So I think when bitcoin get full of mass adoption, china will not able to control bitcoin any more. My opinion is china will get the biggest profit from bitcoin becouse they are get in bitcoin earlier.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
January 03, 2017, 06:56:15 PM
51% By Official been in Master and in the Lead by Company derived from China. China can lead because geolocations of encouragement. China has a region size and high plains has some cool weather mouth (Cold).

Cold distinguished location. Suitable for cost saving cooling fan server computer engineering from danger overheated. So the price can compete. In add to labor, employee or labor in china famous-cost offers. So many people Across the World Miners buying services from China.

So it is possible that China controls Bitcoin.
Is only possible that China controls bitcoin. China does control bitcoin. An example, despite the fact China close for New Year holiday, China was the first country where the price of bitcoin first reach $1000 per bitcoin before the year end, so they're creating some kind of rally to look verywell.
I don't think controlling the price is what OP means, he means that they control the Bitcoin network because they own the majority of the hashpower. But I do agree that the Chinese are probably number one reason for the price rally we just had.
Not for controlling the price but have a big influence on the price of bitcoin. With the majority of hash power and a lot of volumes makes the Chinese being possible giving big influence on the bitcoin price.
Chinese has had quite a role in bitcoin.
hero member
Activity: 980
Merit: 523
January 03, 2017, 04:09:08 PM
China has always been technological advanced than the others.  You mad because they knew to get in on mining early the the rest of the idiots.  If its a competition and real threat.  Those billionaires who are worried should invest into some mining power farms. 
yes that is a fact that chines are the most advanced people of the world and they have good hold on bitcoin. therefore they can manipulate the price of bitcoin.
have you any proof that chinese controlling bitcoin i think no one surely know that who is controlling bitcoin and i am sure there is no one confirmed about bitcoin but i hope we will be soon get information about the owner and controller of bitcoin on the future.
hero member
Activity: 798
Merit: 501
January 03, 2017, 03:35:29 PM
China has always been technological advanced than the others.  You mad because they knew to get in on mining early the the rest of the idiots.  If its a competition and real threat.  Those billionaires who are worried should invest into some mining power farms. 
yes that is a fact that chines are the most advanced people of the world and they have good hold on bitcoin. therefore they can manipulate the price of bitcoin.
legendary
Activity: 1274
Merit: 1004
January 03, 2017, 03:20:34 PM
we can say they have really invested a lot of money even if we see the odds then they have even faced huge problems with bitcoin in past time by still they have managed to get their grip on bitcoin. soon or later they will try to get more powerful in more sections
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