Is CHINA CONTROLLING Bitcoin?

[chayskie04]

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?

[felixesteban]

There are discourses like this, but on the other hand, there is a lot of news that China will ban bitcoin. So it's hard to be sure which is right. Most of the mining activities are being done in China, so we need to assume that China has a great power over bitcoin. But is the amount of Bitcoin they have enough to control it? I don't think so.

[dominoes]

Let say you are right, so what then?
If China control bitcoin suppose bitcoin is not too valuable rather cheap price in order to bought rapidly.
Then China will do more production of bitcoin to meet the demands of the people all over the world.
Thats my opinion.

[Alcor]

There was information that the Chinese government had developed a two-year program to completely ban decentralized crypto currency in its territory. The first stage of such a program expires in June next year. If this is so, China is isolated from the rest of the world in the field of crypto currency and therefore can no longer control bitcoin.

[Mbah Jenggot]

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?

No I am not sure Chine controll bitcoin, I think Bitcoin cannt controll over. Supply and demand is the main factor.

[trofim21]

I would say so he does not control bitcoin, but to this country he is very attached and to any news that happens in the country he reacts very much

[The Translator]

I do not think so, because I know that the Chinese state closes the bitcoin mine because of its wasteful electricity, probably because China's densely populated country is in need of a lot of electricity for its citizens.

[therozaq]

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?

No, I think all bitcoin users controlled bitcoin. No one can controll bitcoin. It is my opinion.

[Quantum X]

There are times that I can not hold to think that there is a possibility to it because when Chinese acted against bitcoin the price automatically down.

[Cangkirkopi]

Is CHINA CONTROLLING Bitcoin? if I don't know, but it could happen, bro, then I ask you, bro, is something like controlling bitcoin can be made, bro

[xeroz]

Let the people think about it. I personally don't think about that. I only think that those who control the Bitcoin are the whales. But whales may come from many countries. But, I don't know the exact fact. Whatever the countries, hopefully that Bitcoin can be stable and can be accepted by many more countries.

[kent47400]

I think Bitcoin mining has nothing to do with controlling Bitcoin.
because Bitcoin also when the mine is always sold by the miners to get FIAT.

[I-Bit]

I don't believe China controlling Bitcoin as long as there are no reliable facts that show the issue. I still assume that no one or country enables to control the Bitcoin. Bitcoin has no owner, it is decentralized, and the rate only influenced by the market trend & global demand.

[Barkas]

a lot of news about China from the ban, revocation, blocking, to developing the right ones which do not know

[Cryptos Investors]

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 don't think bitcoin is controlled Chinese due to right now even there are bad news from China related with bitcoin, it does not give effects in the price of bitcoin.