Lombard
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Activity: 137
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★Nitrogensports.eu★
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August 05, 2016, 06:52:33 AM |
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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?
i think everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise) |
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OrangeSeller
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August 05, 2016, 08:06:51 AM |
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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?
i think everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise) Basically no one can control the main bitcoin. bitcoin is a free currency and everyone is his own bank with the help of bitcoin wallets. but the big exchanges sites can effect bitcoin and it is price. recently bitfinex got hacked and it effected bitcoin bitcoin price a lot. so bitcoin is none controllable but bitcoin price can be up and dump by traders, exchangers and miners. |
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ASHLIUSZ
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August 05, 2016, 09:23:38 AM |
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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?
i think everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise) Basically no one can control the main bitcoin. bitcoin is a free currency and everyone is his own bank with the help of bitcoin wallets. but the big exchanges sites can effect bitcoin and it is price. recently bitfinex got hacked and it effected bitcoin bitcoin price a lot. so bitcoin is none controllable but bitcoin price can be up and dump by traders, exchangers and miners. yes generally speaking, Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose the software. |
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JeffBrad12
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August 05, 2016, 09:50:19 AM |
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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?
i think everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise) It's not included to control the bitcoin but it's just giving any impact for bitcoin and the control bitcoin means you can control all of the bitcoin elements like, their volume and their price. |
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Xenophoto
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August 05, 2016, 09:57:17 AM |
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Who controls the Bitcoins? No one in specific controls bitcoin but when it terms of Bitcoin's price, I'm pretty sure there's a group of whales that has a large impact on the bitcoin's price. If they decide to dump some of their coins and they do it altogether, the market will go down. If they decide to fill in their stash, then the price will go up. The decision of that group of whales is equivalent to millions/thousands of bitcoiners dumping or pumping the bitcoin market. |
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Barbut
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August 05, 2016, 10:07:09 AM |
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I really don`t know who control bitcoins, I always thought that people who own bitcoin control it. There is countries with more active users then other, we can say that they have more power to move market then others, their activity can inflict price more if they have a lot of coins in their possession.
This question leads me to another one, how can someone control bitcoins? Is there any way to one person or company control all the market and price movement? Is that possible?
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BTC Loading
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Activity: 168
Merit: 100
if you believe you can succeed
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August 05, 2016, 10:14:19 AM |
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Tanic
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August 05, 2016, 10:54:58 AM |
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Bit coin was created by Satoshi Nakamoto, but no one knows is that really person or not. This person or group of people created the first protocol about such crypto currency as bitcoin and made first version of the program in which the protocol where realized. That the short story of bitcoin's beginning, more information you can search on the net. And what about the course of bitcoin - it depends from many factors and we are the most strong from it, cause it depends from how actively we buy or sell bitcoins.
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agustina2
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Activity: 2436
Merit: 1008
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August 05, 2016, 11:45:50 AM |
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This question leads me to another one, how can someone control bitcoins? Is there any way to one person or company control all the market and price movement? Is that possible?
You mean the price behaviour in some exchanges? There is a so called big whales that literally moves the price but it doesn't mean they are controlling it. They will just start some hype and it's up for the community if they will take the bait whether for price increase or price decrease. |
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zodin
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August 05, 2016, 01:13:11 PM |
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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?
i think everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise) yes that is a fact, some people thinks that the chines are controlling bitcoin while some says that the japanies are controlling the bitcoin but i think that that the one who have the bitcoin is the owner of it and he is controlling bitcoin that is in his wallet, and no one controlling the whole bitcoin mean that there is no one controller of bitcoin, |
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agustina2
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Activity: 2436
Merit: 1008
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August 05, 2016, 01:44:36 PM |
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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?
i think everyone. everyone who have bitcoin in their wallets controls bitcoin and it's price, because people decide when to sell(makes price smaller) or buy (makes price rise) yes that is a fact, some people thinks that the chines are controlling bitcoin while some says that the japanies are controlling the bitcoin but i think that that the one who have the bitcoin is the owner of it and he is controlling bitcoin that is in his wallet, and no one controlling the whole bitcoin mean that there is no one controller of bitcoin, Who thinks of that? Chinese have big role when the price significantly rise or low but it doesn't mean they are controlling it. It's just that the bitcoin price can be move a lot with their big one whole sweep of execution whether to buy or to sold coins. |
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Betwrong
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Activity: 3458
Merit: 2234
I stand with Ukraine.
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August 05, 2016, 01:50:48 PM |
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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?
That's the beauty of Bitcoin that you can say that no one controls it and at the same time that everyone controls it. The course of Bitcoin is a bit another thing and in theory it can be controlled by the big wales who are holding lots of Bitcoins. When they decide to sell the course goes down and when decide to buy the course goes up. |
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krishna1
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August 05, 2016, 02:03:53 PM |
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Bitcoin is not Controlled By anyone In The World and It is Invented By a person Named Satoshi Nakamto.....
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Achargeturry78
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Activity: 630
Merit: 267
Just follow the rules
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August 05, 2016, 03:03:36 PM |
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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?
This question is really about who can influence the development of updates and who can block them. Anyone can fork Bitcoin, but suppose there were an upgrade proposed by some very influential people-the core devs-and suppose that it would hard-fork the Bitcoin protocol in some fundamental and controversial way. The core devs say it's a good idea, but maybe they've been paid off by the NSA. The question I will answer here is whether and how such an upgrade could be prevented from becoming standardized |
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pereira4
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Activity: 1610
Merit: 1183
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August 05, 2016, 03:12:21 PM |
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Supply and demand is the only control of the price, and the market is now big enough that it is really difficult to manipulate. Of course, when big "hacks" like what we saw with Bitfinex happen, we see massive sellouts and that depends on one or a small group of people. Hopefully in the future we can find a way to replace centralized exchanges because this can't keep going on forever.
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Whosdaddy
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August 05, 2016, 04:11:41 PM |
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Bit coin was created by Satoshi Nakamoto, but no one knows is that really person or not. This person or group of people created the first protocol about such crypto currency as bitcoin and made first version of the program in which the protocol where realized. That the short story of bitcoin's beginning, more information you can search on the net. And what about the course of bitcoin - it depends from many factors and we are the most strong from it, cause it depends from how actively we buy or sell bitcoins.
You never really answered the question. You just gave an introduction about who started/invented bitcoins. The thing is, nobody really controls bitcoin since it is decentralized in nature but that is it's very own weakness as well since those who have the most amount/volume(exchangers) have the highest influence to the value of bitcoin. |
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hieu81
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August 27, 2016, 05:21:36 AM |
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I think, Everyone that has than zero BTC for an address that can control these specific bitcoin.
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xuan87
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Activity: 1666
Merit: 1001
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August 27, 2016, 11:13:59 AM |
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there are no specific person or company is controlling bitcoin, bitcoin is decentralized, its mean all of the bitcoin user is the one that control bitcoin, bitcoin is based on supply and demand to be alive, and because now a lot of people already know bitcoin and bitcoin has gain popularity, so some people start to use bitcoin as their transaction
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agamasrori
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August 27, 2016, 11:56:52 AM |
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No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.
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Sidas_Crew669
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August 27, 2016, 04:09:18 PM |
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No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.
Very timely, indeed to the problems of the system or Admin. Bitcoin did not provide such access to everyone including the makers of the bitcoin himself (satoshi Nakamoto). So bitcoin is a currency which is very safe and are rarely exposed to cheat or anything else. except for chat that is not visible or did not need to be answered |
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