Is CHINA CONTROLLING Bitcoin? - page 74.

Nevis

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Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

as far as i know. japanese ones who control the bitcoin. because the word is a name of satoshi japanese. but it is not important who is control of the bitcoin is important we are able to earn money through bitcoin.😇☺☺

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Quote from: RocketSingh on June 25, 2016, 12:06:35 PM

The proper Q would be - Is China highly invested in bitcoin?

Bitcoin is not controlled by China, just of the increased usage by Chinese people and the support provided by Chinese government in mining most believe that bitcoin is controlled by China.

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Quote from: mki8 on June 21, 2016, 04:09:58 AM

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Quote from: Whosdaddy on June 20, 2016, 12:56:38 PM

Quote from: sempak on June 20, 2016, 08:56:30 AM

bitcoin be controlled by all users. but I was quite concerned with the power of china. china is so extraordinary, they have bitcoin users are very numerous. china can do anything to control the price of bitcoin.

The number of bitcoin users from china is no threat, actually. The threat is that many among the bitcoin users from china are large bitcoin holders. In theory, if bitcoin users from china worked together, they have the power to manipulate bitcoin price by a few dollars up or down by either pumping or dumping their coins.

Then it is therefore, a threat. China is known for their unity and manpower. They're like ants. Cheesy

you must be american...........

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Quote from: Fatanut on June 25, 2016, 09:25:47 AM

I don't think China alone is controlling bitcoin. There are some other players all over the world that can control bitcoin's price as well. Whales hold a lot of bitcoins so if they all decided to dump the coin, they can lower the price of the coin a lot. If they want to pump the coin's price, they can make it pump as well. I think those players have a connection with each other and not a single country alone controls bitcoin.

Exchange sites also play a big part of the value of bitcoin, MtGox. One of the trading platforms that we have seen that has dramatically affected the value of bitcoin by closing down. We can see that the huge trading volume has a big role on the value of bitcoin.

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Quote from: quentincole32 on June 25, 2016, 12:05:08 PM

Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

in fact,china have big miner and many mining company,also they have some exchange that put better bitcoin price,its why people keep saying china controling bitcoin,in my view,its almost true if china controling bitcoin,butnot in big scale,because we know europan and american country never get big influence from china miner or bitcoin price in china exchange.

The only way that China can even remotely control Bitcoin is through the control of the supply and which markets it goes to, and not who gets to transact what. If China really wanted to move their Bitcoin around solely China, they could and only move it throughout Chinese exchanges, but the likelihood of that happening is incredibly low and thus I wouldn't worry about it.

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The proper Q would be - Is China highly invested in bitcoin?

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Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

in fact,china have big miner and many mining company,also they have some exchange that put better bitcoin price,its why people keep saying china controling bitcoin,in my view,its almost true if china controling bitcoin,butnot in big scale,because we know europan and american country never get big influence from china miner or bitcoin price in china exchange.

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They don't control Bitcoin, Bitcoin isn't controlled by anybody. They own most of the Bitcoin on the market and a lot of mining power. The Chinese just invest in Bitcoin the most. It would be fatal if they dump all of the Bitcoin they have. But they don't controll it, controlling it would be owning all the Bitcoins on the market and doing whatever they want with them.

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Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

For me, I do not think anyone really control the Bitcoin, it's users control it with their transactions.
Apparently, it is thanks to investments of Chinese that the price of Bitcoin currently increase.

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I do not know that the Chinese control bitcoin, but it might be. I know about China, China is the largest country that uses bitcoin, may thus making them able to control the bitcoin. but I think that that control bitcoin are the people who have it in large numbers. Well it could be people that are in china, who knows Grin

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Quote from: Bitware on June 24, 2016, 10:04:02 AM

Miners control Bitcoin. If you are worried about other miners holding to much control, then invest in mining.

True, that which performs full control is displayed. They were a major factor in the growth and the price of the bitcoin. It is true that China has a very big miners, but it will not have an effect on the growth and the price of the bitcoin. They can only follow and not manipulating/controlling bitcoin

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Quote from: asriloni on June 25, 2016, 10:10:56 AM

Quote from: ning_chang on June 25, 2016, 10:03:27 AM

Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

for my opinion about that topic, I'm not sure if China took control of BTC. perhaps because the word satoshi. is the name of the Japanese netizen. Nakamoto was satoshi. so? I believe that more Japanese had control of BTC.😂

what a silly reason behind your statement that believing Japanese take control of bitcoin,it's just an alias name don't sure satoshi nakamoto is a real Japanese,and china is just bunch of miners can't even take control of a single exchanger except their local

such kind of news are spreading in the market some time they say that china is controlling the bitcoin and some time they say that japan is holding the bitcoin. i think these are just the supposition and there is no reality in such kind of news. i think bitcoin is a universal currency and the there is not a sing stage who are holding bitcoin.

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Quote from: ning_chang on June 25, 2016, 10:03:27 AM

Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

for my opinion about that topic, I'm not sure if China took control of BTC. perhaps because the word satoshi. is the name of the Japanese netizen. Nakamoto was satoshi. so? I believe that more Japanese had control of BTC.😂

what a silly reason behind your statement that believing Japanese take control of bitcoin,it's just an alias name don't sure satoshi nakamoto is a real Japanese,and china is just bunch of miners can't even take control of a single exchanger except their local

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Quote from: ning_chang on June 25, 2016, 10:03:27 AM

Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

for my opinion about that topic, I'm not sure if China took control of BTC. perhaps because the word satoshi. is the name of the Japanese netizen. Nakamoto was satoshi. so? I believe that more Japanese had control of BTC.😂

i agree,it is just about Sathosi Nakamoto yeah i know hes name is name of China,but i guees not all BTC CONTROLLING associated with china

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Quote from: somacoin on May 08, 2016, 04:06:03 PM

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?

for my opinion about that topic, I'm not sure if China took control of BTC. perhaps because the word satoshi. is the name of the Japanese netizen. Nakamoto was satoshi. so? I believe that more Japanese had control of BTC.😂

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Quote from: harizen on June 25, 2016, 09:37:47 AM

Quote from: ?? on ??

If it does, well that is not important, what is important is, as long as we earn and we collect our bitcoins for our own good.

Well you have a nice point there.

Since even we don't like China to get control of bitcoin, possibilities are there. And because we have nothing to do to change that, just take the ride for every price trend or news they are making.

Besides, all in all we are getting benefits and advantage whenever there is a price surge which is ironically started by them in most of the cases.

The Chinese controls the mining only. After the mining, they will sell their coins to cover the cost. They do not hold the coins.

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Quote from: ?? on ??

If it does, well that is not important, what is important is, as long as we earn and we collect our bitcoins for our own good.

Well you have a nice point there.

Since even we don't like China to get control of bitcoin, possibilities are there. And because we have nothing to do to change that, just take the ride for every price trend or news they are making.

Besides, all in all we are getting benefits and advantage whenever there is a price surge which is ironically started by them in most of the cases.

Fatanut

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I don't think China alone is controlling bitcoin. There are some other players all over the world that can control bitcoin's price as well. Whales hold a lot of bitcoins so if they all decided to dump the coin, they can lower the price of the coin a lot. If they want to pump the coin's price, they can make it pump as well. I think those players have a connection with each other and not a single country alone controls bitcoin.

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Quote from: hawkins on June 24, 2016, 10:46:27 AM

I do not know, I know, China is the largest country bitcoin users, so it's possible. You may also be able to use bitcoin there and probably very many companies that pay you bitcoin in china, it could make Chinese control bitcoin

Yeah right but i think only the price of bitcoin that they can control it because they have a large amount o bitcoin because china is the biggest bitcoin farm.. if they dump all their bitcoin in oneshot we will see more price dump..

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