These days it seems like altcoins are doing better than bitcoin because pretty much all of their prices are green while bitcoin price is red. its because bitcoin act as aa bridge to buy and sell altcoins, that contributes a big factor.
It seems altcoins like the ETH or BCH are dropping less than the BTC. Roger Ver got lots of Bitcoin. But he also got lots of BCH and ETH. He supports both of them.
Post
Topic
BoardMining (Altcoins)
Re: How to level playing field in mining>
by
Tecmand
on 25/05/2018, 18:52:20 UTC
My residential IP changes all the time. The number changes every few days. So it is difficult to tie an IP.
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.
I give my voted for $1000 - $2500 in this year although i am not sure that we can reach until that price but we have the chance to see this price. the bitcoin price is not increase so fast but its really slowly and the other time, the price is getting down and up as the price need to find the stable position. i hope that the price is not getting down for now and only getting up so we can sell while the price is high but we can not predicted what will happen in this year.
I think it is more likely to be around $1000 now for the year if the block size is not increased or there is a hard fork.
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?
actually it is not true , but it is the big country which is using bitcoin more than the other countries . Bitcoin earning in china is easy , so Making money in china is so easy by mining because here electricity is at very cheap rate available so every new comers makes money easily through mining due to these reasons this country is going in top of the bitcoin use .
There are lots of mining activities there. But I think there are not much actual uage, just the trading.
Of course yes, most of bitcoin mining network is controlled by china. I have read before that if China had an internet problem for a day or something, this will fork bitcoin to two separated blockchains
They might control the mining now. But if the bitcoin price rises further, the Wall street will also invest in mining.
I never lost any single Bitcoin nor altcoins. I quite few times heard and read that some people were complaining or remaining without funds from wallets. There should be taken some extra steps when you are willing to store your coins locally. A good antivirus with encrypted wallet is good way of protecting like me.
it is very good that nothing bad happened with your bitcoin but what if automatically btc became loss in your wallet . And what happened when during the transaction you find that there is double deduction in your wallet for single transaction . this is totally luck that you are free from any type of btc lost .
I have never faced any issue of double deduction or bitcoins getting lost from my wallet automatically, as all the wallets are very safe with security measure so its not easy for anyone to steal your coins.
Most of the wallets are very safe. I mean the off line wallets. I use the Core wallets without problem.
Wow, a lot of people have voted and the result is almost equal. Really confusing. I don't want bitcoin to be controlled by anyone, especially China.
It is for a part controlled by china, we cannot deny this for sure because there are some much miners and investors over there. They have done it pretty smart but I think they never will have real control over the bitcoin, I do not doubt about that.
That part is the mining part. The bitcoin itself is mostly controlled by the wealthy Westerners at present.
I would ask, even if Chinese companies did control Bitcoin, what is the point? They can not derive unnatural profits, any attempt to do so would only devalue bitcoin and the possibility of making profits..
They might be bribed to destroy the bitcoin if the incentive is good enough. It is my main concern of the concentration of mining in China.
I have lost my bitcoin from the investment i have made which i was greedy and greediness is not good in bitcoin because you dont know you spend a lot to it. and some person that i dont know either i lend a bitcoin and lost
I never lent my bitcoins to anyone but i lost them in scam website when i was not too old in the world of bitcoin and that time like newbies now a days i also used to think that earning bitcoins is easy that is the reason why i used to invest in them.
I lend some of my bitcoin in the HaoBTC. They offer a wallet service. The interest rate is from 3% to about 8%, depending on the terms.
I got scammed in hyip and cloud mining that is happen in my first in bitcoin then i realize that bitcoin is hard to earn and also the potential that will gives me high profit i start keep hard my bitcoin and not to waste or invest again in ponzi/ cloud mining and hyip.
I was not scammed in the HYIP. But I lost some bitcoin in several exchanges as the exchanges were "hacked".
Guys who dumped 3-5 thousands of btc's now to drop the USD/BTC course, are now buying 8-10 thousands of BTC's for low price)) I think it moving from China...
That could be right. But it seems the Chinese is also going to control the Ethereum. There are huge Ethereum buying now.
Post
Topic
BoardBitcoin Discussion
Re: Is CHINA CONTROLLING Bitcoin?
by
Tecmand
on 18/07/2016, 08:36:09 UTC
I think the Chinese are mainly the miners, there are not much bitcoin related services in China. They are the sellers of bitcoin.