Quote from: Salazarian on April 03, 2017, 07:45:27 PM

Quote from: Deep BTC on April 03, 2017, 06:26:33 PM

Quote from: SOMAcoin on May 08, 2016, 09:06:03 PM

People here have claimed that Bitcoin is in fact controlled and ruled by China, as mining is centralized by Chinese mining institutions.

Do you think that China is controlling/ruling bitcoin yes or no?

It is not possible to know exactly. But we know that China is a serious influence on bitcoin prices.
A large majority of miners operate in China. China does not directly control bitcoin. But I think they control the bitcoin indirectly.

to me i think they where influencing bitcoin in future, but now as soon as the users of bitcoin are increasing so their influence on bitcoin is also decreasing so we can say that they are not now influencing the price of bitcoin any more.

As in other investment instruments, bitcoin is also valued according to people's wishes.
News in China is still affecting bitcoin. But the actual control is in the hands of the whales. When whales want, they can raise and lower the price.