yes that is a fact that not a sing country can control bitcoin. and they can only influence it because of the large volume of bitcoin they have, so if they at a time decide to sell their bitcoin then there will be a panic selling and the price can fell down to a lower level, but this will be a temporary down fall and after some time the price of bitcoin will increase again.

Yet despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network. They have done so through canny investments and vast farms of computer servers dispersed around the country.

No it is not right that China is controlling bitcoin, bitcoin is spread all over the world, and when we look at its market cap then it is obvious that this market cap is not only from China as if it was only from China then today even the Chinese banks and government will also have involved in bitcoin.

Dude you have to read my post again and understand , well i will explain it to tou again i was actually saying that china adopts bitcoin more than other countries that consider bitcoin as illegal

question is what can you do about it? or any of us for that matter.
only possible solution is to try and mine outside of china other wise it is what it is.

yes that is a fact that chinies are effecting bitcoin but they have no control on it, actually not a single country has control on bitcoin, because bitcoin is anonymous and is not under control of any person or any state, people from all over the world are suing bitcoin equally and they are the owner of the bitcoins they have, chines are really good in mining they are influencing bitcoin through mining because they have a good contribution in mining the bitcoins.

I believe they do have the most Bitcoin in the world but i don't think they are controlling it. Besides if they are, we can still move our coins elsewhere. Take ETC for example. So its never an issue if someone country control the coin. We didn't even worry about a particular team controlling one altcoin but we get to buy when they held an ICO.

Although they have the biggest mining hashrate in the world but i dont think china controlling the bitcoins as the matter of fact all of us do the manipulation with it, dont you notice the bigger the bitcoin we the more chances its dump and how much more if many people will do it? Chinese is just a regular consumer of bitcoins and many different nationalities who can be called big whales in bitcoin industry so thats why i dont think they are the one who can decide to pump and dump the bitcoins price.

currently around 80% of all Bitcoin is traded in Chinese Yuan. China has maintained more than 50% of the global Bitcoin market ever since of 2013, so we can say China is controlling bitcoin.