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Re: Who controls the Bitcoins?
by
upsidedown75
on 04/03/2017, 07:20:19 UTC
Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

There are some member here they says China is the one who controls Bitcoin, Due to China owned the biggest percentage of bitcoin mining farms, and their the one also holding a biggest average percentage of bitcoin in the whole world. But for me Bitcoin be control by any country.
i am not agree with this that if China have the majority of bitcoin users then they can control bitcoin or can manipulate the price of bitcoin to me i think it is not so easy to manipulate the price of bitcoin, because bitcoin is now decentralize currency and is not under the control of any one.
It is true that the bitcoin is decentralized, but that does not mean that china can’t control its price, because if you look at how many bitcoin users are located in china means that if the Chinese government puts some laws against it than thing will change, just like what is happening right now.