Is China the core up holder of Bitcoin?

SistaFista

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Hexhash.xyz

Quote from: ladyber on May 27, 2018, 10:42:24 PM

Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

China has the most population in the world, no wonder if there are many bitcoin holders there.
Another thing to consider is the mining farm on China. I read that mining farm in china is big, so your question's answer may be 'right' about
bitcoin most holders because many miners there.

Abete

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but I see the potential of china that could be the greatest country that will play an important role in the world of cryptocurrency, for some reason my heart says that. but the process is still long. If that happens, I think bitcoin will become more global and dominate, with chinese not taking coin like bitcoin Grin

TahuDiniHari

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I guess if China is the main bitcoin owner, it's debatable!
however I see this china is very unique in looking at cryptocurrency. Their government banned bitcoin transactions, but in some altcoins circulating on crypto exchange, owned by Chinese people.

tegarp90

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Quote from: ladyber on May 27, 2018, 10:42:24 PM

Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

I think yes, everytime china has bad news about bitcoin. the market will always become bleeding.
And some say 60% bitcoin is chinese holder. and i'm sure it's true.

NaomiNagata

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Anyway, search for more information, check everything, and good luck with your investment. If you want to know more - https://www.facebook.com/HelloGoldFoundation/

goodfortune2018

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Quote from: okour999 on June 19, 2018, 10:29:37 AM

I think china does not want bitcoin because of the rapid collapse of the bitcoin price and they know it's affecting all the market coin as well as their project so china does not want bitcoin and ban bitcoin in their country

I believe that the acceptance of china in bitcoin is not really depends on the market status because china is capable on helping crypto market to rise up again because of country's progressive economy .

spartaka

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I heard that most of the mining is being done there only. It would be interesting to see if they launch their own coin in future.

okour999

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I think china does not want bitcoin because of the rapid collapse of the bitcoin price and they know it's affecting all the market coin as well as their project so china does not want bitcoin and ban bitcoin in their country

GalahadSeika

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I don't think that China is the core holder of bitcoin. I believe it includes all of us. Not just only China, ALL OF US. Cryptocurrency doesn't revolve in only a place. Look, if there were news about bitcoin in some part of the country, it will just dump a little not going zero.

NaomiNagata

newbie

Activity: 14

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I found a really curious project - HelloGold foundation. I really appreciate their philosophy. They are aiming to the creation of the full-fledged founding that will be able to provide grants for the upcoming startups in the sphere of further implementation of blockchain technology for financial operations. The team is consists of ex-regulators, business experts. Moreover, if you join their channels HelloGold and Airdrops.io on Telegram and Twitter you will receive 150 HGT tokens (~$2 USD).
Anyway, search for more information, check everything, and good luck with your investment. If you want to know more - https://www.facebook.com/HelloGoldFoundation/

godfredmanu

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China has ban on bitcoin and to think they still controls it is not true. China is a single country and their actions toward bitcoins will not sorely affect it but unless all other factors remains still.

HarpeCharlotte

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Actually at first we will have to understand some themes of the market. At first the market of crypto currency is a decentralized market that is not controlled by others. So no country has relation with this. Another point is that the market price will be affected by the demand and supply of the coins. So due to drop of demand this thing happened but soon it will rise.

Azha

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You may not be banned to see a few days. How much time does it cost to rise in price? Do not be frustrated. Wink

jc01480

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Nope..

Quote from: contrau on May 27, 2018, 11:56:49 PM

China's influence on the price of bitcoin is still very large

Hell, they could probably pick a currency and take it over with a 51% attack if they wanted (and concerted their efforts).

Agathai

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Quote from: pilnenkii on June 04, 2018, 11:21:50 PM

China has more bitocoins than other countries. In my opinion, China's influence on the bitcoin price is still very high.

No specific statistics on bitcoin mass are maintained in countries around the world.. However, there is one thing I still doubt about the bitcoin value dropping quite fast in February coinciding with Lunar New Year in China, Korea ... in my opinion, China is a participant country Great expectations for cryptocurrency and the fact that they recognize the value of bitcoin early to capture the bitcoin mass are likely.

pilnenkii

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China has more bitocoins than other countries. In my opinion, China's influence on the bitcoin price is still very high.

Nerman

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Quote from: ladyber on May 27, 2018, 10:42:24 PM

Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

No, but to be honest it not only affects the chinese people. Most likely because of the news some investors will sell their bitcoin and also some traders will definitely take advantage of this news to short this coins.

Just like other markets any type of bad news will affect the market regardless if it directly affect you or not.

jenyAE88

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The ban on ICOs and crowd funding has been a controversial subject for a long time now

stompix

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Blackjack.fun

Quote from: pooya87 on May 29, 2018, 11:17:44 PM

first of all what OP is talking about is China banning ICOs which happened last year not this Tuesday! and ICOs have nothing to do with bitcoin price. they affect Ethereum price because it is depending 100% on ICOs existence.
secondly China has never been as big as advertised. once they had exchanges with unrealistically huge daily trading volume which seemed like they control a lot but ever since the inspections their volumes became normal and it was clear the volume was fake and they have no power.

I think this myth will never be busted ...
China is big, China is the biggest, China has most volume, China has biggest holders...

And some people that are saying all the coins were mined by China (facepalm).
Half of all the coins were mined well before the first run that really made the news in 2013, when there was no Bitmain, no Cannan, but we had BFL

)))))

If China (I don't even know why I say China as China is the country, it's like saying Coinbase=US) would be that big and interested in BTC, wouldn't they have a few more full nodes?

Quote

1   United States   2469 (24.66%)
2   Germany   1764 (17.62%)
3   China   807 (8.06%)
4   France   673 (6.72%)
5   Netherlands   496 (4.95%)

Lols, the Netherlands with 1/70 of the population has 1/2 of the nodes Grin

People really need to look at facts, not at myths

Radio-Active

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Quote from: ladyber on May 27, 2018, 10:42:24 PM

Hey guys,
On Tuesday, I hard on the news that 'Bitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding ' .
So I have been thinking, is China the core up holder of Bitcoin? If they totally ban bitcoin, will the price of bitcoin totally reduce?

That could be a fake news. i have heard many times about china banning the crypto but none of them seems to be true.
the falling of bitcoin price lately is not just only because china.
and i think china is not the core of bitcoin holder, there are many holders from around the world too.

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