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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?

Long long ago,when china had huge mining farms and people didnt know much about bitcoin, chinese were easily able to manipulate bitcoin market by dumping their bitcoins.But not now as more people all over the world have realized bitcoin's true potential and due to PBOC regulations,the chinese were now unable to create fake buy and sell orders and they even could not withdraw their bitcoins from exchanges.Dragon era is not alive now.

to me i think still china has the huge mining forms and more investors than any other country but still i will like to say that they are not controlling bitcoin. as bitcoin is present in all over the world and the users of bitcoin are increasing from time to time therefore it is now becoming more difficult to manipulate the price of bitcoin or to control bitcoin at all.

Really? Mark Karpeles proved that one guy and two bots can manipulate and control the worldwide Bitcoin exchange rate.

Isn't it curious that currently Coincheck in Japan (last known home of Mark Karpeles) has double the volume of the next two largest exchanges. Isn't it funny that Coincheck became the largest exchange in the world right about the time Karpeles was released from prison. Wonder if he started giving pointers to the Yakuza (Japanese mafia) in prison to keep the number of ass rapes down to a minimum and they helped him restart the old business with stolen bitcoins. LOL

he could not do it now. At present, no exchange controls more than 20% of the world trade

Well, you seem to not follow recent events in Bitcoin world very closely

The irony is that while it is certainly true that no exchange controls the majority of coins (at least, nominally), right now we basically see the same process going on. I refer to Bitfinex, obviously. Two weeks ago clients of this exchange started to have issues withdrawing their fiat funds and later they couldn't make fiat deposits either. And Bitcoin (as well as other cryptocurrencies listed at this exchange) started to be traded at a premium there. And what do you think? The price at other exchanges started to rise too just because Bitfinex happens to be the largest Bitcoin exchange in the world (or one of largest). The bottom line is that we haven't yet gone too far from the effect we had seen at Mt. Gox