China is the biggest bitcoin mining in the world for right now, and the largest factors to infect about the price is China. If the exchanger market from China down, the price is also down. So I believe that China can controlling bitcoin price and stock.
have you been sleeping for the past month?
the Chinese exchange market is down, it is closed and has zero users right now and as you can see bitcoin price is going up much faster than before.
Well, after china exchange market is down, I think china is not so influential in the world of bitcoin. Well, I think that when exchanger china down, into a bitcoin prices plummeted, however, it did not happen. I think China is not in control strong again today.
But if the PBOC of China did not conduct and investigation on Chinese Exchangers they will still continue to post fake volumes and manipulate the market price of bitcoin. Its all thanks to PBOC inspection and investigation that those evil schemes was stopped and a new set of regulations were placed so as to provide the users with proper and exact price movement of bitcoin.