Quote from: iTradeChips on January 07, 2017, 06:34:07 AM

Quote from: Zadicar on January 07, 2017, 06:22:43 AM

Quote from: metalbean on January 07, 2017, 06:08:30 AM

Quote from: Kevinde on January 07, 2017, 05:31:05 AM

We can not do anything with bitcoin because chinese demand is too high and Once there are anything happened with bitcoin or chinese investors of bitcoins. that is very big problem because They owned biggest bitcoins in the world (90% bitcoin amount from China). I think we need another digital coin for the rest of the world.

Where did you get the source that 90% bitcoins are from China, that's an absurdly high number.

90% is too high to consider since showing this number means they owned most of bitcoin that circulates throughout the globe. We dont need another coin and also no coin would able to get the reputation that is being built by bitcoin now these years but i do believe that they own huge numbers of bitcoin.

considering that china has way above 51% of mining power now (maybe 70% or more), they have control of btc now. the biggest miners there can collude and raise the transfer fees and we cant do anything about it. the huge price surge in 2013 was largely attributed to the influx of chinese investors/speculators. china is just too big. even the recent surge is attributed to chinese people trying to circumvent government regulations on moving money. btc is not as decentralized as it is cracked up to be. its a good thing there are so many coins out there. even if btc fails crypto will surely come up with better coins.

Wow, ~70% is really high. I read somewhere that because of the cheap electricity and entrepreneurial spirit, Chinese miners are having a good field year, but 70% is extremely high, and perhaps not too healthy.

I've tried Chinese exchange BTCC and they look pretty solid, the price is in the proper range too and they charge about 0.0001 (iirc it's a small sum) for any transfer out of their exchange.