Quote from: iamTom123 on January 07, 2017, 05:23:30 AM

What is happening right now with the value of Bitcoin can all be partly traced to China. Chinese hold a big portion of the quantity of Bitcoin now circulating globally...

there is no way to know this and you are just making wild assumptions here.
the only thing that we know is that there are big mining farms and mining pools in China, and that is all. the quantity of bitcoin is distributed globally and if anything, i say USA is holding a lot of it.

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they can manipulate its value and whatever they do that can affect Bitcoin will have a direct and indirect impact on its market value.

the manipulation exists in any market and it can be done by whales in all markets, bitcoin is no exception. you can not possibly say Chinese are the only people doing it. and as the market grows the level of manipulation goes down because more investors and lots more experienced investors come in which makes manipulation extremely hard with the pass of time.

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Not to mention the fact that pronouncements from the China government in relation to Bitcoin can send the value of Bitcoin tumbling down or rolling up.

that is mostly FUD in my opinion. and China government has never shown any interest against bitcoin in the past 8 years and if you believe China is holding majority if bitcoins in circulation that means they are rich and rich people will do anything to change the government opinion if they decide to do anything against bitcoin even if it means buying the government.

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And this leads me into thinking...is Bitcoin now tied to China and is there something we can do about it?

what i think is that whenever there is a rise and some people want the price to go down, everybody starts talking about bitcoin being tied to China and whenever the price is stable and wants to rise or on the rise nobody cares about China.