As long their price keeps cheap, and they do offer security to the investors, China will alwyas have control over bitcoin mining process. Besides those bitcoin has several big whales that can play anytime affecting bitcoin value, as well early adopters.
That's what distinguishes china with other countries. china provides a super facility complete with a very cheap price. very difficult to had at other countries. it is a factor that bitcoin can control easily by countries china. 
Topic: Is CHINA CONTROLLING Bitcoin? - page 48. (Read 92645 times)
India is coming up fast ... and Russia too.
it is still china the number 1 bitcoin adopter , number 1 bitcoin miner ,people knew about that and aware that anytime they can control more than 50% bitcoin supply ,
this is sounds like horrible but it is true ,
i don't think india or russia can compete with china in adopting bitcoin.
Why horrible? We must be happy...
People in others countries are losing their times don't accepting the coin yet.
China is doing their job, nothing wrong here.
Where did you get the news from? I don't see any competition of alt coins. Most altcoins have little support, even if it is backed by the government.
As long their price keeps cheap, and they do offer security to the investors, China will alwyas have control over bitcoin mining process. Besides those bitcoin has several big whales that can play anytime affecting bitcoin value, as well early adopters.
One thing is certain is that China has own good mining business for bitcoin but for the big whales we cannot determine which country they are representing because it's anonymous by nature, whatever the price is, it will still good for us as adoption continues.It's purely the fact that they are there just because they enjoy trading without any fees. It allows them to make profit even when there isn't any volatility.
If Bitstamp for example offers trading without fees being involved, then eventually it will come a huge volume generating exchange as well.
As long their price keeps cheap, and they do offer security to the investors, China will alwyas have control over bitcoin mining process. Besides those bitcoin has several big whales that can play anytime affecting bitcoin value, as well early adopters.
One thing is certain is that China has own good mining business for bitcoin but for the big whales we cannot determine which country they are representing because it's anonymous by nature, whatever the price is, it will still good for us as adoption continues. 
As long their price keeps cheap, and they do offer security to the investors, China will alwyas have control over bitcoin mining process. Besides those bitcoin has several big whales that can play anytime affecting bitcoin value, as well early adopters.
Popping in here to throw in my two bits, I definitely think that if we plan to compete with China in mining power, we need to start finding our own cheap electricity. Until we have cheap electricity, we won't have mining in other places.
Electricity produced by nuclear power plants seems to be one of the cheapest major sources of power available nowadays. According to Wiki, 35 nuclear reactors are operating in China today, and it has "the fastest growing nuclear power program with 28 new reactors under construction" at that. In European countries as well as in Japan after the Fukushima events and in the US to a degree there is a strong movement against nuclear power stations in particular and nuclear energetics in general. On this account, the number of operated reactors in these countries seems to be rapidly diminishing. Old power stations are being closed every year while new ones are not being built. So China would most certainly remain one of the cheapest countries in terms of electricity costs, at least, until the thermonuclear energetics, otherwise known as nuclear fusion, becomes mainstream...
But this is not likely to happen very soon
wait until china has a nuclear accident followed by anti nuclear sentiment. They wont have such an advantage any longer. It could happen.
Very much as majority of the bitcoin is being held by Chinese and if all decide to sell bitcoin will go down to below 100$ so its China who has the power to increase or decrease the btc price.
i do not think so that bitcoin can be control by china. as bitcoin is a universal currency and have anonymous characteristic therefore it is not so easy to control it by a country, although it is a fact the chines users of bitcoin are more that any other country but still they cannot control bitcoin because of it universal and anonymous characteristic. 
Popping in here to throw in my two bits, I definitely think that if we plan to compete with China in mining power, we need to start finding our own cheap electricity. Until we have cheap electricity, we won't have mining in other places.
Electricity produced by nuclear power plants seems to be one of the cheapest major sources of power available nowadays. According to Wiki, 35 nuclear reactors are operating in China today, and it has "the fastest growing nuclear power program with 28 new reactors under construction" at that. In European countries as well as in Japan after the Fukushima events and in the US to a degree there is a strong movement against nuclear power stations in particular and nuclear energetics in general. On this account, the number of operated reactors in these countries seems to be rapidly diminishing. Old power stations are being closed every year while new ones are not being built. So China would most certainly remain one of the cheapest countries in terms of electricity costs, at least, until the thermonuclear energetics, otherwise known as nuclear fusion, becomes mainstream...
But this is not likely to happen very soon
China has well over half the trading volume. And most of the mining. They could certainly make some bumps in the road but they wont do anything that will negatively impact the price.They own too much.
If Trump pursuing such a path would beat China - it is even said himself. It would be closer to China a regional ally, Russia. Russian anti-Bitcoin attitude could spread to China's leaders, who could crack (go to 70% of Bitcoin transactions through four pools of Bitcoin miners) on Chinese Bitcoin miners and currency traders as he Has already promised it earlier this month to do.
Russian authorities have already changed their attitude 180 degrees, from openly hostile toward openly friendly. For a few years, the Russian Ministry of Finances had been suggesting to outright ban Bitcoin and make its users into criminals as well as threatening to put them in prison, though nothing had actually been done to that end. Right now they are no longer considering Bitcoin users as criminals and in fact developing a draft that would regard Bitcoin as just another foreign currency...
That seems to the right thing to do, and China should follow them
I think yes there are war between miners and traders and there is info. President-elect Donald Trump often described how China sucked jobs on the United States and proposed the solution of the persecution of trade cases against China for its "unfair subsidy behavior" and currency manipulation. He suggested rates as high as 45 percent on exports.
"We can not continue to allow to violate China in our country, and that's what they do," he told his supporters in May.
"We have power over China, economic power, and people do not understand," Trump also said that during the campaign.
If Trump pursuing such a path would beat China - it is even said himself. It would be closer to China a regional ally, Russia. Russian anti-Bitcoin attitude could spread to China's leaders, who could crack (go to 70% of Bitcoin transactions through four pools of Bitcoin miners) on Chinese Bitcoin miners and currency traders as he Has already promised it earlier this month to do.
"We can not continue to allow to violate China in our country, and that's what they do," he told his supporters in May.
"We have power over China, economic power, and people do not understand," Trump also said that during the campaign.
If Trump pursuing such a path would beat China - it is even said himself. It would be closer to China a regional ally, Russia. Russian anti-Bitcoin attitude could spread to China's leaders, who could crack (go to 70% of Bitcoin transactions through four pools of Bitcoin miners) on Chinese Bitcoin miners and currency traders as he Has already promised it earlier this month to do.
India is coming up fast ... and Russia too.
it is still china the number 1 bitcoin adopter , number 1 bitcoin miner ,people knew about that and aware that anytime they can control more than 50% bitcoin supply ,
this is sounds like horrible but it is true ,
i don't think india or russia can compete with china in adopting bitcoin.
India is coming up fast ... and Russia too.
it is still china the number 1 bitcoin adopter , number 1 bitcoin miner ,people knew about that and aware that anytime they can control more than 50% bitcoin supply ,
this is sounds like horrible but it is true ,
i don't think india or russia can compete with china in adopting bitcoin.
Why horrible? We must be happy...
People in others countries are losing their times don't accepting the coin yet.
China is doing their job, nothing wrong here.
India is coming up fast ... and Russia too.
it is still china the number 1 bitcoin adopter , number 1 bitcoin miner ,people knew about that and aware that anytime they can control more than 50% bitcoin supply ,
this is sounds like horrible but it is true ,
i don't think india or russia can compete with china in adopting bitcoin.
Why horrible? We must be happy...
People in others countries are losing their times don't accepting the coin yet.
China is doing their job, nothing wrong here.
India is coming up fast ... and Russia too.
it is still china the number 1 bitcoin adopter , number 1 bitcoin miner ,people knew about that and aware that anytime they can control more than 50% bitcoin supply ,
this is sounds like horrible but it is true ,
i don't think india or russia can compete with china in adopting bitcoin.
I don't think China or a country for that matter can control how bitcoin moves. It move based on how the whole world uses it. It is just affected by supply and demand. If the demand for bitcoin goes up then so will the price.
Indeed. No country could have a full control over bitcoin since it is in a decentralized manner. Maybe some people think that China is in control over bitcoin because of the large number of bitcoin users and miners there. But I think its just an erroneous thought.
Just check the last pumps, it all come from China, try to search about the crescent interest from China on bitcoin... The interest of chineses makes the price goes up so for sure they have some power about the price also they have big miners there and it change the price too.
And what is more, it seems like they are able to affect the price from both sides. I mean that the Chinese miners can willingly change the supply of bitcoins to the market due to their massive share of hashing power. They can either increase the flow of mined bitcoins to the market if they want to increase the supply or withhold these bitcoins if they are going to reduce it. On the other hand, the Chinese buyers essentially control the demand for bitcoins by buying or refraining from buying thanks to their sheer numbers. In this way, the price can be easily manipulated by the Chinese in the wide range...
At least, as long as the buyers and miners are pushing the price in the same direction
India is coming up fast ... and Russia too.
it is still china the number 1 bitcoin adopter , number 1 bitcoin miner ,people knew about that and aware that anytime they can control more than 50% bitcoin supply ,
this is sounds like horrible but it is true ,
i don't think india or russia can compete with china in adopting bitcoin.
I think nobody knows the bitcoin on domination by which country. due to its anonymous, then it is very difficult to say a country store bitcoin. I though it is not a Chinese citizen, but some time ago and I like bought bitcoin from China site with paypal or payza.
I don't think China or a country for that matter can control how bitcoin moves. It move based on how the whole world uses it. It is just affected by supply and demand. If the demand for bitcoin goes up then so will the price.
Indeed. No country could have a full control over bitcoin since it is in a decentralized manner. Maybe some people think that China is in control over bitcoin because of the large number of bitcoin users and miners there. But I think its just an erroneous thought.
Just check the last pumps, it all come from China, try to search about the crescent interest from China on bitcoin... The interest of chineses makes the price goes up so for sure they have some power about the price also they have big miners there and it change the price too.
They only say that because china is the worlds largest manufactions country. Most things are made in china and so bitcoin would also be something they all jump aboard on. They will have loads and loads of miners and people maintaining them for minimal wage. The most like manufacture mist miners in china so it all makes sense.
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.
Jump to: