Who controls the Bitcoins?

[CrimBit]

this is how decentralization work, no people can touch your bitcoin, no people can freeze your account, no people can control all bitcoin.
but for price of bitcoin, whales and big name can give some effect to rise and fail.

[shinratensei_]

WE all control btc in some way. Especially miner farmers and just those who have lots of btc (casino owners, for example).

Well, I agree with you the who controls the bitcoin is the bitcoin users because all the situation,future, and value are relied on by their users. no one can be making any domination for bitcoin. but the whales can't control bitcoin for fully.

[goinmerry]

WE all control btc in some way. Especially miner farmers and just those who have lots of btc (casino owners, for example).

Well, I agree with you the who controls the bitcoin is the bitcoin users because all the situation,future, and value are relied on by their users. no one can be making any domination for bitcoin. but the whales can't control bitcoin for fully.

No they cant. But they can create a lot of impact with just trading it. And if they created a whale group then it can be a controlled impact. We low earners can just go with the flow and hope they are doing it for profit.

[groll]

Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

no one can control bitcoin except he'd owning 70% of  bitcoin, and bitcoin is decentralized,when bitcoin started to be announced the price is around $1-$5 if i'm not mistaken, and bitcoin growing up until now

Yes the one who control the price of bitcoins are the elite individuals owning a large volume of bitcoins. THem, having it move may cause a big impact on bitcoin price inflation and deflation. As to normal users our simple transactions in away affects bitcoins price but not to the state that a substantial increase or decrease will occur.

[Sharma]

Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.

Well, yeah. Whales have control over most of the bitcoin market, but whales pretty much have control over every other market as well.

Take a look at stocks. The market price isn't affected that much by the average Joe buying a few shares for their retirement. But rather, the price movement is generally caused only by big players.

[Zadicar]

In my own perspective the only one who can control bitcoin is the owner, i dont know if im right. just my opinion though.
Many factors  can affect the bitcoin price, but no one can manipulate it and thats  the good isde of bitcoin.

[clickerz]

Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.

Well, yeah. Whales have control over most of the bitcoin market, but whales pretty much have control over every other market as well.

Take a look at stocks. The market price isn't affected that much by the average Joe buying a few shares for their retirement. But rather, the price movement is generally caused only by big players.

The problem is we wont know who are they. Because of bitcoins anonymity we have no idea most of them at still it is speculation maybe.  

Does the blockhain explorer can sort bitcoins owned per country? How much China owned?

[Zenixin]

Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.

Well, yeah. Whales have control over most of the bitcoin market, but whales pretty much have control over every other market as well.

Take a look at stocks. The market price isn't affected that much by the average Joe buying a few shares for their retirement. But rather, the price movement is generally caused only by big players.

The problem is we wont know who are they. Because of bitcoins anonymity we have no idea most of them at still it is speculation maybe.  

Does the blockhain explorer can sort bitcoins owned per country? How much China owned?

You cannot find who owns what from the block chain. The bitcoin is semi anonymous. We do not know how many the Chinese owns.

[OrangeII]

Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.

Well, yeah. Whales have control over most of the bitcoin market, but whales pretty much have control over every other market as well.

Take a look at stocks. The market price isn't affected that much by the average Joe buying a few shares for their retirement. But rather, the price movement is generally caused only by big players.

The problem is we wont know who are they. Because of bitcoins anonymity we have no idea most of them at still it is speculation maybe.  

Does the blockhain explorer can sort bitcoins owned per country? How much China owned?

You cannot find who owns what from the block chain. The bitcoin is semi anonymous. We do not know how many the Chinese owns.

since the appearance of bitcoin, maybe just satoshi Nakamoto knows who is behind bitcoin and who is controlling it, but until now, it is not known by the public, but I think this is great, because if like this, there will be no hackers who try to control bitcoin, because if you can control bitcoin, perhaps you could have easily

[hase0278]

Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

No one controls bitcoin mate since it is decentralized. The managing transactions and the issuing of bitcoins is carried out collectively by the network. It is not one of the official currencies yet I think, it is just used by many people worldwide for transactions. Bitcoin was released way back 2009 by Satoshi Nakamoto and satoshi nakamoto. What controls bitcoin price is all of us who buy and sell.

[Velkro]

Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

Well noone and everyone, depends how you look at things.
Bitcoin is controlled by users, miners and exchanges at once. No central point of failure.

[Kotone]

We are all controlling the bitcoin and yet we need to continue transacting to continue the life of bitcoin. No one knows where bitcoin stops but we all know that there is a limitation of bitcoin blocks. We need to continue moving our coins from address to address to make the bitcoin more useful and to continue the life of bitcoin. If everybody stops transacting their bitcoin and all wallets will be locked, there is a possibility that bitcoin will be dumped in the near future.

[Kotone]

Some people can influence the price of bitcoin if they have enough of it. However, the point of bitcoin was to be independent of any government or bank, so it belongs to the people.

Well, yeah. Whales have control over most of the bitcoin market, but whales pretty much have control over every other market as well.

Take a look at stocks. The market price isn't affected that much by the average Joe buying a few shares for their retirement. But rather, the price movement is generally caused only by big players.

The problem is we wont know who are they. Because of bitcoins anonymity we have no idea most of them at still it is speculation maybe.  

Does the blockhain explorer can sort bitcoins owned per country? How much China owned?

There are no they, All of us is controlling bitcoin. Do you use your bitcoin in Buying or selling ? Do you earn your bitcoins ? Do you gain profit from bitcoin ? Do you always use bitcoin ? Then you are controlling bitcoin. Hence you use it for transacting and it keeps the bitcoin rotate from address to address. So There are no they, We are all. All of us. We don't when will it be stopped but as long as I know, We are all controlling the world of bitcoin.

[Sorrowfox]

there is no control, that's the beauty of bitcoin, well one can argue that merchants and miners control bitcoin, but that is still the best decentralization you can ever get

Yeah, that is the beauty of bitcoin but not only bitcoin but every cryptocurrency. No one directly control it but they can be controlled by large companies who mine them. If those large companies stop their operation in mining the supply of bitcoin in the world will surely decrease and if that happened the price will surely rise up.

[Dudeperfect]

Being a decentralized currency there is no one actual owner or manager of bitcoin as a currency. Price of bitcoin is directly co related to the rule of demand and supply that says ‘when demand increases, price also increases and when demand falls, price also falls’. So the community is actually controlling bitcoin, so if I am doing something with my coins it will affect the network but it won’t be even worth noticing but if many people are doing something with their bitcoins it will affect the network and it will also visible (just like current situation). So I am controlling bitcoin, you are controlling it and everyone using it is controlling it.

[bravehearth0319]

Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

Since that bitcoins is decentralized it shows that bitcoin can't control it by anyone , Meaning any government  to all countries they cannot handle it since it is uncontrollable instead of beating bitcoin they joined or mass adoption was being implemented in the other country. And that's the real identity and natutre of bitcoins.

[fenican]

That question is easy to answer: China.

[bravehearth0319]

In my own perspective the only one who can control bitcoin is the owner, i dont know if im right. just my opinion though.
Many factors  can affect the bitcoin price, but no one can manipulate it and thats  the good isde of bitcoin.

Your perspective way of thinking is definetly right, We have the same  in common of thinking regarding of this question.
I really do believe that "WE" are the only one who can control bitcoins.  So we need to control it wisely so the price will increase wisely also.

[vero]

Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?

Well noone and everyone, depends how you look at things.
Bitcoin is controlled by users, miners and exchanges at once. No central point of failure.

in my point view exchanges can't control bitcoin too, all control is under user when all bitcoin user left then by slowly bitcoin will be gone.

[ImHash]

no particular person controls bitcoin but a well established group of rich traders I believe, or you can think all the people and miners control bitcoin.