Quote from: Ilegendph on February 09, 2018, 02:20:28 PM

Quote from: Silkybit on February 05, 2018, 08:20:16 AM

Do you think this morning post from South China on banning cryptocurrency will affect the market badly?

Ofcourse, it is because that most of the hashpower of bitcoin network are coming from china and I think its more than 50% in total. Actually they have a huge farm of mining rigs that are assembled just to mine bitcoins and other altcoins we see and might used.

Yeah they have a huge control over the market. Reason is obvious and you have told already that they have many mining rigs that are continuously working. Thus China have a hand over the pump and dump of bitcoins because their one single decision can take the lead for bitcoins and on the same side, bitcoins can suffer from their bad diction. But I think mostly the morning news are false.