Is CHINA CONTROLLING Bitcoin? - page 75.

ning_chang

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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?

china not have control of BTC. but mr. satoshi nakamoto. I leave that. if you know the people of china.

hawkins

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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

Oralmat

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Quote from: safari88 on June 24, 2016, 10:25:28 AM

Quote from: andromeda876 on June 24, 2016, 10:12:33 AM

Chines people are interesting bitcoin so much and chine is so crowded contry it is important bitcoin price to i m nıt sure they are controling bitcoin but chines people effective in prices

yes i think china controls the price, whereby when the Chinese market rise very high, other market always follow, and vice versa when the Chinese market fell, all markets are also fell.

At this moment all the bitcoin prices up and down is effected from the Chinese market. and bitcoin price is controlled indirectly by the china market. We are seeing $100 change is price daily which is hugh.

safari88

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Quote from: andromeda876 on June 24, 2016, 10:12:33 AM

Chines people are interesting bitcoin so much and chine is so crowded contry it is important bitcoin price to i m nıt sure they are controling bitcoin but chines people effective in prices

yes i think china controls the price, whereby when the Chinese market rise very high, other market always follow, and vice versa when the Chinese market fell, all markets are also fell.

BitcoinPC

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Quote from: Watershin on June 24, 2016, 10:06:20 AM

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.

But mining will not be so profitable after halving, so why see your money going in rabbit hole? Huh

I think with that money doing trading will be a nice idea, isn't it? Huh

Mining is profitable if you are large in number, united, have a business of bitcoin mining and have a long term vision. These all the things are with Chinese and therefore they are successful in mining and getting profits. If we need to get profits we need to invest in hardware like a business and only then it can be profitable.

andromeda876

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Chines people are interesting bitcoin so much and chine is so crowded contry it is important bitcoin price to i m nıt sure they are controling bitcoin but chines people effective in prices

Watershin

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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.

But mining will not be so profitable after halving, so why see your money going in rabbit hole? Huh

I think with that money doing trading will be a nice idea, isn't it? Huh

Bitware

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weaving spiders come not here

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

Suthra

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Quote from: iqlimasyadiqa on June 24, 2016, 09:45:19 AM

China is a major economic force in the world today. they are comparable with the united states of america. economic strength is growing so fast. as well as on bitcoin, they also control bitcoin because most bitcoin now scattered in china.

Its not that bitcoin is scattered in China, its the bitcoin nodes and the big mining farms are present in china due to low electricity fees and the setup costs for setting a mining farm, probably there are still US based persons controlling those farms in China. Grin

iqlimasyadiqa

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China is a major economic force in the world today. they are comparable with the united states of america. economic strength is growing so fast. as well as on bitcoin, they also control bitcoin because most bitcoin now scattered in china.

Acebits

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Quote from: simplelife888 on June 24, 2016, 09:35:27 AM

i think chine conrolling bitcoing price and they are spacualte bitcoin price too when we analysis bitcoin price we can understand easy there is a speculation who want to do it i think chine doing it

Yup they are controlling the bitcoin price as they are very good speculators and their government is facing huge debt problems and their economy can also collapse like Greece and Argentina, so they are well aware of it and have started taking precautions as early as possible.

Nevis

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Quote from: freshman777 on June 21, 2016, 01:50:26 PM

Quote from: bitbunnny on June 21, 2016, 01:48:31 PM

Many speculations but no evidence at all that China is controlling Bitcoin. In fact I don't beleive that any country is controlling the Bitcoin. If that ever happens, that one or more countries take control over it then Bitcoin will lose one of it's main characteristics, that is independent and with no control of any institution.

70% of hashing power is coming from China, what other evidence do you want? Grin

ohh. I do not think many religious china knows bitcoin. maybe around the world knows bitcoin.

Nevis

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Quote from: romero121 on June 24, 2016, 04:42:53 AM

Quote from: ning_chang on June 21, 2016, 01:44:45 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?

I do not believe that China is the control of bitcoin. I even believe that Japan took control of bitcoin, based on my knowledge. because when China took control of coins ,? wow edi

China has the highest users as well miners. For this reason more people believe bitcoin is controlled by China..

ohh. I do not think many religious china knows bitcoin. maybe around the world knows bitcoin.

simplelife888

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i think chine conrolling bitcoing price and they are spacualte bitcoin price too when we analysis bitcoin price we can understand easy there is a speculation who want to do it i think chine doing it

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?

haha. indifferent to the china bitcoin. I think the Japanese control of bitcoin. because the words of satoshi. is a japanese name.

Shinpako09

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They arent, they only control the price of bitcoin. I believe most of the recently big pump and dump are controlled by Chinese. Its not surprising they have a lot of miners and whales as well.

sempak

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I think the strength of china can make them control the bitcoin. btcoin users in China very much. I am pretty sure china is one bitcoin strength in the future. they will have an effect on any action that could alter bitcoin prices in the market.

Schuyler

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I don't think China is controlling bitcoin already. It is just that more Chinese are seeking alternatives to yuan and their stock market, and bitcoin is what they think would fit what they are looking for. They might be influencers when it comes to price, but they for sure don't control it.

7788bitcoin

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Quote from: CoinFoxs on June 24, 2016, 04:53:34 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?

China now Controls Bitcoin (and that's just the Beginning)...

https://www.cryptocoinsnews.com/china-now-controls-bitcoin-thats-just-beginning/

China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin?

https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/

If you say Chinese owns more mining sites and more bitcoins, this maybe true. However, I don't think they will try to control bitcoin- these people want freedom and not control.

As for the Chinese PBOC digital currency, it just can't be compared with bitcoin. It is centralized, and even if it uses blockchain, it will still not giving the users what they needed- a globally accepted and decentralized digital currency!

CoinFoxs

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PredX - AI-Powered Prediction Market

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?

China now Controls Bitcoin (and that's just the Beginning)...

https://www.cryptocoinsnews.com/china-now-controls-bitcoin-thats-just-beginning/

China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin?

https://www.cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/

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