A question to all those that would question control: If China stopped mining tomorrow morning, if they shut it all down in tandem; would the network exist in a usuable form? Methinks no, it would congest to a crawl.
Control isn't always obvious until it needs to be exercised.
Topic: Is CHINA CONTROLLING Bitcoin? - page 66. (Read 92666 times)
absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.
No, China doesn’t control bitcoin, no one controls bitcoin. Because the number of Chinese who are using bitcoin is too high and the fact that China has many mining companies and biggest mining power, everything they do would surely affect the price of bitcoin but that doesn’t mean they own all the bitcoin and have a right to put a stop to it anytime they want. 
No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.
You maybe right but considering that there are a lot of chinese people in this industry. You can merely consider that they are taking control of bitcoin because as they have said that btc transaction should be decentralized
No, China doesn’t control bitcoin, no one controls bitcoin. Because the number of Chinese who are using bitcoin is too high and the fact that China has many mining companies and biggest mining power, everything they do would surely affect the price of bitcoin but that doesn’t mean they own all the bitcoin and have a right to put a stop to it anytime they want.
Of course they don't have complete control, no one does, but they have a LOT of influence over bitcoin due to their mining power. Them being able to affect prices so drastically already gives them more control than we users have, no one is saying they literally control the idea but since they have more of a hold on it than any other institution or company, it's fair to say they control it.
absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.
No, China doesn’t control bitcoin, no one controls bitcoin. Because the number of Chinese who are using bitcoin is too high and the fact that China has many mining companies and biggest mining power, everything they do would surely affect the price of bitcoin but that doesn’t mean they own all the bitcoin and have a right to put a stop to it anytime they want. 
absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.
yes. Now china is as the largest bitcoin miner. and now bitcoin transactions in China are very high. I'm sure for some time china can affect the spread and also the price of bitcoin. China as one of the world's largest bitcoin powers. 
No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.
currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin. The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.
absolutely, china is controlling everything ongoing events on bitcoin. Both mining companies and big enterprisers are chinese. for that reasons, they are affecting the prices.
no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.
yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again. That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.
Although they have the biggest mining hashrate in the world but i dont think china controlling the bitcoins as the matter of fact all of us do the manipulation with it, dont you notice the bigger the bitcoin we the more chances its dump and how much more if many people will do it? Chinese is just a regular consumer of bitcoins and many different nationalities who can be called big whales in bitcoin industry so thats why i dont think they are the one who can decide to pump and dump the bitcoins price.
No, they don't.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.
The Chinese people are just too many so it appears that they are controlling it.
Of course, they share the same idea because they live in the same country.
So the movements of their people in the market are the same in majority.
I believe they do have the most Bitcoin in the world but i don't think they are controlling it. Besides if they are, we can still move our coins elsewhere. Take ETC for example. So its never an issue if someone country control the coin. We didn't even worry about a particular team controlling one altcoin but we get to buy when they held an ICO.
no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.
yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again. That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.
The trading volume in the Chinese exchanges is also not trustable. There is no transaction fee in those exchanges.
no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.
yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again. That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.
no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.
yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again. That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.
This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal
do you have any proof that China considers bitcoin as illegal, because there are huge mining farms in Chine also there are huge exchange services there with such big daily trade volumes that proves people are in fact trading bitcoin. so it can't be an illegal act there.
Hi i dont think bitcoin is illegal in china. China is the biggest industry for bitcoins and as per my knowledge the pump and dump of bitcoins is mainly because of the Chinese investors.
China people already invested a lot in bitcoins due to their down in the value of their own currency.
question is what can you do about it? or any of us for that matter.
only possible solution is to try and mine outside of china other wise it is what it is.
only possible solution is to try and mine outside of china other wise it is what it is.
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?
Do you think that China is controlling/ruling bitcoin yes or no?
In some ways. It yes cos they own a huge factory as heard which mine bitcoin there and that make bitcoin not profitable for some miners
no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.
yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again. That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.
This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal
do you have any proof that China considers bitcoin as illegal, because there are huge mining farms in Chine also there are huge exchange services there with such big daily trade volumes that proves people are in fact trading bitcoin. so it can't be an illegal act there.
Dude you have to read my post again and understand , well i will explain it to tou again i was actually saying that china adopts bitcoin more than other countries that consider bitcoin as illegal
no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.
yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again. That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.
This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal
do you have any proof that China considers bitcoin as illegal, because there are huge mining farms in Chine also there are huge exchange services there with such big daily trade volumes that proves people are in fact trading bitcoin. so it can't be an illegal act there.
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?
Do you think that China is controlling/ruling bitcoin yes or no?
No it is not right that China is controlling bitcoin, bitcoin is spread all over the world, and when we look at its market cap then it is obvious that this market cap is not only from China as if it was only from China then today even the Chinese banks and government will also have involved in bitcoin.
no i do no think that china is controlling bitcoin but that is a fact that they are really effecting the price of bitcoin because there are a lot of bitcoin users in china.
yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again. That is right. The Chinese are just controlling the mining of the bitcoin. They are the security guard for the bitcoin.
This one of the good thing china is. They accepts anything as long as they can see opportunity to earn some penny. Sad to say but yes they are gaining their profit than those country that considers bitcoin as illegal
Jump to: