Post
Topic
Board Bitcoin Discussion
Re: Is CHINA CONTROLLING Bitcoin?
by
drwtsn32
on 21/06/2016, 08:56:30 UTC
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