i heard that china controlling bitcoin but i do not think that china controlling bitcoin because there is no one surely know that who controlling bitcoin and no one can give the proof about bitcoin that who controlling it so we can say that bitcoin is anonymous currency.
how can China able to control bitcoin ,it is a decentralized currency and no one can control the coin and no one needs to give the proof about that.If China does have all the miners its not anyone's fault .
No offense , but are you stupid and don't know what a 51% attack is,
or
the Fact the Chinese Mining Pools control more than 51%.
Meaning they can determine if transactions are included or not included in a block.
They can freeze your coins in your wallet , where you can't use them, or block anyone else from sending you more BTC.
They can also rewrite the last 12 hours of transaction history whenever they feel like it, double spending like crazy.
And there is nothing you can do to stop them, if they decide to do it. 