Who controls the Bitcoins?

[Labumi]

Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.

yes that is right bitcoin is not under control of a group a person or a nations, it is free and decentralize, no one has control over the whole bitcoin, but those who are owning has control over these bitcoin he has the right to use or save or even donate it there is no retraction for what you want to do with your bitcoins.

You're wrong, if you can see or heed the bitcoin system correctly then surely you would say that bitcoin is an economy that control the miners. Because the miners is a person who has the thing that most strategies in bitcoin, especially in terms of transaction confirmation. There is extremely useful and miners at the time of holding (approx 4 years), the price of the bitcoin soared and it was also a blessing from the miners. So who could control the bitcoin is a miner, but it was all not fully controlled by miners

[Blitzboy]

Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.

Yeah I think so too, we don't know will may never know who has invented bitcoin nor is Satoshi Nakamoto a person or a group or just some computer programs, but the only thing we know is that no specific individuals or governments controls bitcoin, we all, the bitcoin users, are part of this bitcoin world and take control of it with our using of bitcoin

[marcoman22]

Bitcoin is a decentralised currency and it is commonly said it is not controlled by anyone. But generally few big whales sell their btc and make panic sellers to sell their btc, thereby making btc price to fall and gain huge profits. They can be said as short term controllers of bitcoins

[m1ph24]

The internet holds it 

[chickenado]

The internet holds it 

Yup because its cryptomoney or online money so internet holds it. But the question is "Who Controls the Bitcoin?" So the answer must persons, or manipulator of this bitcoin. For Me all people have bitcoin controls bitcoin. Because he/she can control her/his bitcoin so they can control their bitcoin.

[mastica]

We do have just some groups that has huge influence over bitcoin, early adopters, exchanges, gambling houses, whales and bitcoin mining farms, this are the main people wich has huge power at bitcoin, i dont belong to any of those, im a supporter and a small holder, if all small join we will have nothing above 4-10% total coins mined.

[GMPoison]

Decentralized currency means no one controls it. This is the beautiful thing about it.

[Positid]

Decentralized currency means no one controls it. This is the beautiful thing about it.

While it is also giving threat to the government when it will become popular, they will not allow to engage their people in a non controlled activities as it normally create illegal activities.

[Silberman]

Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.

Yes, there is no central authority that is the whole point of bitcoin, not even satoshi controls it and that was the way it was designed because if there was a head that control bitcoin you can be sure that person will be on jail already for some made up reason.

[Fatanut]

Bitcoin is not controlled by anyone in the world, even sathosi nakamoto although can't control peer to peer technology like blockchain.
But since I've learned about dump and pump methods, may be we're all can say bitcoin is controlled by peoples who use it, keep it, and spend it for they transactions payments. So we're all parts of the price move.

Yes, there is no central authority that is the whole point of bitcoin, not even satoshi controls it and that was the way it was designed because if there was a head that control bitcoin you can be sure that person will be on jail already for some made up reason.

I'm not saying that I disagree with what you guys said that there's no one controlling bitcoins, but I disagree that the highlighted part would happen. If there was someone that controls bitcoin right from the start, Satoshi (and his team, if there's any) would keep it as a secret. Thus, the guy that controls all of these stuffs wouldn't be in jail at all. There's no way for us to confirm that there's no one controlling bitcoins but at the same time there's no way for us to argue with that idea.

[pinoycash]

If you own bitcoins you control your own coins, same as mine, i control my own coins and be my own bank, i think that is the goal of bitcoins decentralized and no central authority that controls it

[Telepo]

Maybe Chinese people control bitcoin. They want to protect their money from losing value.
and they can transfer money to anywhere they want. so They buy bitcoin without looking at the price

[Blawpaw]

Actually, this is important question... Traders control Bitcoin. It is not miners who control bitcoin because they have a lot to spend with mining hardware and many times they don't even Break even, So I do believe that the ones controlling Bitcoin are in fact the traders and holders.

[akosipepot]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

[iqlimasyadiqa]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

absolutely right, they have an interest respectively. interest which must have a goal to be achieved. every way will definitely be consequences.

[Text]

Every user that owns a bitcoin is controlling the flow of it especially the big holders, you are part of the chain. It is different from manipulation that manually controls the price even the Chinese owners can not do it. The up and down of bitcoin value happens still because of the rule of supply and demand.

[gumeez]

if people have access to the algorithm and can change it; what stops them from say shutting it down or changing it in a very malicious way?

[GMPoison]

if people have access to the algorithm and can change it; what stops them from say shutting it down or changing it in a very malicious way?

Decentralization. You can plan with the algorithm all you want but if the rest of the miners don't agree on the changes you don't get to play with them.

[noictib]

if people have access to the algorithm and can change it; what stops them from say shutting it down or changing it in a very malicious way?

Decentralization. You can plan with the algorithm all you want but if the rest of the miners don't agree on the changes you don't get to play with them.

you said true .
It is impossible to get enter into the algorithm program of the bitcoin  data and transaction system .
That is why the bitcoin is safe and trusted .
Well it is not generate . And it is only written data in the particular algorithm program of bitcoin networks .
So when we send bitcoin to another address , we are left with deduced amount of bitcoin and with transaction charge .

[grandy]

people who hold bitcoin is actually directly control it like traders,gambling operators,miners and individual like us that relay source of income in bitcoin.

so in simple worlds we can say that those people who have the amount of bitcoin are the owner of these bitcoins. and there is not a single person or group of persons are the owner of all bitcoins.