Quote from: anthonydar on August 07, 2016, 11:42:12 AM

Quote from: crairezx20 on August 06, 2016, 06:02:49 PM

Quote from: ASHLIUSZ on August 06, 2016, 05:53:13 PM

Quote from: Yakamoto on August 06, 2016, 04:42:27 PM

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Quote from: Lorik on August 05, 2016, 07:04:39 PM

Quote from: sbtctalk on June 01, 2016, 12:03:54 PM

You can trust the Chinese in China to continue buying up the coins and driving up demand.

By and large it is the Chinese control much of cryptocurrency market. So that China and China alone.

I think the Chinese control the making of the cryptocurrency, the bitcoin and the Ethereum as they are the miners.

The only thing that they control is the distribution of Bitcoin among the markets, and it means very little when it comes to actually controlling it. There are plenty of other miners that also find blocks and sell Bitcoin that aren't Chinese, so it means very, very little. Making Bitcoin means nothing to be completely honest, because most people will just go and buy it from an exchange.

China is seemingly buying up a lot of Bitcoin. The great part is that in China, Bitcoin is very popular, global Bitcoin mining market has turned into a liability because the specific individuals in control of the country's biggest mines are resistant to changes in the blockchain, the decentralized technology that makes all of Bitcoin work in the first place.

China has largest mining farm thats why they have a control about bitcoin but its not the case because they can only control the value not the whole bitcoin.. If they are just duming their bitcoin the price of bitcoin will go down and down instead but i think many people are waiting for the price to low so if they sell all their mined bitcoins in market expect for the price decrease but many investors are happy for the price decrease if it will happen more buyers will interested in bitcoin if the seen that the price of bitcoin is low.

The Chinese are the miners, they just produce the bitcoin and they have to sell it to pay for the mining cost.

This conversation has been, and if things go well the Chinese continue, Bitcoin can savsem lose its relevance. Chinese people do not think about the rest of the world, it is important to only their own benefits. China will fill the entire world market Bitcoin. Accordingly, Bitcoin will depreciate.