|
Ferrero
|
 |
August 03, 2016, 05:02:18 PM |
|
the controler of bitcoin is the users of it, because it base on the demand of users. It will helps if all of us will promote bitcoin in a lot of people who do not know about bitcoin
|
|
|
|
|
Yakamoto
Legendary
 Offline
Activity: 1218
Merit: 1007
|
|
August 03, 2016, 05:11:33 PM |
|
@OP Bitcoin is a currency which is decentralized; meaning that there is no "head" that exists and everyone can equally be involved in the network and have as much control as everyone else. If I wanted to I could get involved with mining and set up my own node, and I would control Bitcoin as much as the next person.
There isn't anyone who controls Bitcoin, and that's part of why it is so valuable. No-one can corrupt it, as only the software exists to exert control.
|
|
|
|
|
Jasad
Legendary
Offline
Activity: 1414
Merit: 1002
= jasad =
|
|
August 03, 2016, 05:20:44 PM |
|
the controler of bitcoin is the users of it, because it base on the demand of users. It will helps if all of us will promote bitcoin in a lot of people who do not know about bitcoin
the fact that bitcoin is decentralized means nobody control it but yourself. but you can think the big holders is the person who can control bitcoin. by buying and selling the coin , they can control the price. am i right? |
|
|
|
|
xIIImaL
Legendary
Offline
Activity: 1372
Merit: 1005
|
|
August 03, 2016, 05:25:18 PM |
|
the controler of bitcoin is the users of it, because it base on the demand of users. It will helps if all of us will promote bitcoin in a lot of people who do not know about bitcoin
Yeah everyone can control their bitcoins. But only if you has bitcoin in wallet you have some control it. Only thing you should not share your wallet's private key to anyone. Because If they came to know. They can hack it as well. |
|
|
|
|
|
Ferrero
|
|
August 03, 2016, 05:27:56 PM |
|
Im very agree with that to nobody controlling bitcoin thats why it remains their andnits unstable because anyone can manipulate its price and thats very good and if happen tht someone is controlling bitcoin well we cannot have halving and price will remain steady...
|
|
|
|
|
|
CrimBit
|
|
August 03, 2016, 05:30:29 PM |
|
media control bitcoin price, like lsat news bout bitfinex hacked, each media expose bitcoin security, aces to bitcoin and etc. with this case all of people who read the news, he will make hisself to panic sell  |
|
|
|
|
|
Bitcoinsummoner
|
|
August 03, 2016, 05:33:45 PM |
|
I heard that china can control the price of bitcoin.. but for now the price is decreases because of bitfinex problem and i think china has no plan to sell there bitcoins instead they will buy more yto control and increase the value of bitcoins..
|
|
|
|
sana54210
Legendary
Offline
Activity: 3206
Merit: 1128
"CoinPoker.com"
|
|
August 03, 2016, 07:59:27 PM |
|
I heard that china can control the price of bitcoin.. but for now the price is decreases because of bitfinex problem and i think china has no plan to sell there bitcoins instead they will buy more yto control and increase the value of bitcoins..
They can only partially control the price. They have a bigger say than most of us do, but by no means do they completely rule the Bitcoin world. Bitcoin's meant to be decentralized, but that doesn't mean somebody can sway your opinion to one side rather than the other. |
|
|
|
takingthis4
Sr. Member
Offline
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
|
|
August 03, 2016, 08:39:12 PM |
|
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.
rich traders dont have too much power too, especially if people decide to dump all their bitcoins the whales will definitely not manipulate the price, the same like during the bitfinex theft |
|
|
|
Wandering Soul~
Sr. Member
Offline
Activity: 406
Merit: 250
Wolf
|
|
August 04, 2016, 01:27:32 AM |
|
Bitcoin is anonymous so no one controls it except the owner itself but I think its not really anonymous cause you can see all the transactions in a thing called blockchain.
|
|
|
|
X7
Legendary
Offline
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
|
|
August 04, 2016, 01:30:23 AM |
|
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 it, it is a technology. People can buy/save/spend bitcoin - but there is no one person or entity who owns it, it is decentralised. |
For what shall it profit a man, if he shall gain the world, and lose his own soul?
|
|
|
|
deepaksharma
|
|
August 04, 2016, 05:19:32 AM |
|
I think no one control the bitcoin.
|
|
|
|
|
davis196
|
|
August 04, 2016, 05:52:52 AM |
|
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?
The whole idea of bitcoin is NOBODY to control it.The currency should be fully decentralized and anonymous. The bitcoin "course" is controled by supply and demand like every currency. If you are asking who is holding the largest amount of btc,i don`t know... |
|
|
|
agustina2
Legendary
Offline
Activity: 2436
Merit: 1008
|
|
August 04, 2016, 01:56:51 PM |
|
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?
The whole idea of bitcoin is NOBODY to control it.The currency should be fully decentralized and anonymous. The bitcoin "course" is controled by supply and demand like every currency. If you are asking who is holding the largest amount of btc,i don`t know... Literally, bitcoin was controlled by the owner who has the possession on it. If you own coins then you have controlled of it. If you put it an exchange then you don't have control over it. But in general as a whole, no main institutions holds and control bitcoin overall. |
|
|
|
|
|
Hide_ip112
|
|
August 04, 2016, 02:01:26 PM |
|
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.
It may be true, but I see that the control system is bitcoin mining. because any going, halving the price of bitcoin always rises and after halving prices finished bitcoin begins to drop and stable. All of this depends on how the condition of mining system, and for people who hold many of the bitcoin will only be able to master the system depleted supplies after bitcoin bitcoin |
|
|
|
|
ronaldo40
Legendary
Offline
Activity: 1554
Merit: 1014
|
|
August 04, 2016, 02:34:56 PM |
|
bitcoin is a digital currency, distributed and decentralized. unlike the dollar printed. bitcoins are managed without any central authority, such as government, company or bank. bitcoin also resistant to inflation.
|
|
|
|
serjent05
Legendary
Offline
Activity: 2898
Merit: 1260
|
|
August 04, 2016, 05:04:37 PM |
|
No one supposed to control it but it seems the large Chinese bitcoin community is having an effect on the price due to their numbers.
Yes, the Chinese markets do have a significant impact on the price but even other exchanges affect the price fluctuations. Bitcoin is therefore controlled by a number of factors that alone affect it in a way whether it's miners, developers and end-users. I agree Chinese market have a significant impact on price of Bitcoin but they don't have control over Bitcoin. And maybe majority of the mining farm is in their country but as I said, majority of it also was owned by foreign capitalist that the government don't have direct access. |
|
|
|
|
danfoda
|
|
August 04, 2016, 05:10:32 PM |
|
No one controls bitcoin
|
|
|
|
|
crairezx20
Legendary
Offline
Activity: 1638
Merit: 1046
|
|
August 04, 2016, 05:22:01 PM |
|
No one controls bitcoin
Yeah your right the price of bitcoin is always depends in demand and supply but for those who holding a large amount of bitcoin he can still control the price to dump but he can also pump the price if he has already a large amount of fiat to buy more bitcoins. |
|
|
|
|
20kevin20
Legendary
Offline
Activity: 1134
Merit: 1598
|
|
August 05, 2016, 06:44:08 AM |
|
It's us controlling it. We're using the currency more on less, and this is the factor making the price change. AFAIK, price goes up as soon as there are more, bigger transactions incoming because that means BTC is looked for by people and it's becoming popular. The more sold, the less the price because it means people are starting to get rid of it. That happened now with Bitfinex, whem people stopped buying BTC and started selling it instead, fearing the end of BTC. The 'hackers' probably sold the $78M they had and now are going to buy BTC again. That means over 10kBTC profit..
|
|
|
|
|
|
