Re: Is CHINA CONTROLLING Bitcoin?

China can't control bitcoin, it is freely tradable so any people can just buy it.

BTW, I heard that CIA or FBI has a big chunk of it, as they are kinda involved in the beginning... which is scary.

I think China can control bitcoin because users from China more than 51% of the total bitcoin stok, we can see from exchanger from China always infect the bitcoin price.

No, even China has that percentage of total stock of bitcoin or most of the miners are found there. Still they don't have control for bitcoin but they can do something to make some waves on the changes of bitcoin but that is not going to be effective immediately. The effects of their contribution within the price of bitcoin is happening slowly and not that very fast.

We, the users are actually the one who's controlling bitcoin, though they have the stocks but without demand the would not benefit it. They are taking bigger risk because they know base on their speculation that bitcoin is going to be big time in the future.

Yes we are the ones who are mostly have the control on the bitcoins price but as long as there are whales who are making some big waves still they are contributing better than us. And for us who just have few amount of bitcoins or not even have a single bitcoin we are just contributing very minimal effect to the price of BTC.

I think it depends how much they have bitcoin, if only a small portion of course will have no effect. Everything needs to be valid data so that it can be concluded whether correct bitcoin can be controlled, if I thought, with the already large marketcap is certainly difficult to determine who's dominant and can affect the price.