Post
Topic
Board Economics
Re: Does China Control Bitcoin?
by
plast555
on 24/11/2019, 23:14:53 UTC
I disagree.

However, the statistics show that most Bitcoin transactions are in countries such as Russia, China, Canada, and Nigeria.

So it's hard to say that only China controls Bitcoin; of course, I base this argument on statistics.

But in my personal opinion, Satoshi Nakamoto is either a Russian or Chinese citizen or organization.
I think different from you. China is really dominating the bitcoin market because there are so many bitcoin mining factories in their country and there are many bitcoin billionaires and millionaires. They gathered there and you can see, the crypto market is always fluctuating with Chinese salt hours because the sharks are always waiting for the traders to sleep and then they act. This shows that the Chinese are really holding a lot of bitcoins and they control the market.
if majority miners in china stop their operation cryptocurrency market will crashing soon. Its still from on side , meanwhile they have many factors that could influence crypto market. China investors contribution and their money , we could not imagine if china really our from market. Trust to bitcoin and crypto market will decrease alot.

Yes, of course, but it was a different indicator that I pointed out.

By clicking on the link below, you can understand more clearly what I'm trying to say.

https://twitter.com/eljaboom/status/1187732341017448450?s=09