Who controls the Bitcoins?

[shinratensei_]

No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.

You were controlling the bitcoin, which mean just spending or acquiring it(your privacy) and that's not meaning anything for the bitcoin network. It's not about bitcoin but it's about the network of bitcoin.
So, your can't spend your bitcoin if someone else was controlling it.
refusing your validate. 

[MicroGuy]

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?

Do you want the "politically correct" answer or the stone-cold truth?

~~

[rizkyhiw]

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?

Everyone in this world control the bitcoin , User who had bitcoin from their bitcoin wallet and also those traders who buy and sell into market, and Iknow in USA has the biggest population who uses bitcoin also china and those friendly countries who had billions of users.

yes anyone who has the amount of bitcoins in their wallets is his property and he is controlling that amount of bitcoin, but not a single country a single person or a group of people can control the whole bitcoin.

It would not make much sense to say that Bitcoin is a decentralized currency if there were only one entity, or a small group of people, in control of the network. What makes Bitcoin to have the value it has today is the fact that users have the possibility of being the only people controlling their own money, and this is only possible in a decentralized network.

If by "users" you mean Chinese, then I agree.

We cannot avoid that fact isnt' it? Chinese is the largest bitcoin holder
They have the largest bitcoin mining farm around the world , a lot of support and they did it since bitcoin firat time come up
Can you imagine how much bitcoin they hold so far?
The sure thing is they can actually play with market and pump/dump as they wish.

[Tanic]

I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.

Hehe, I think this is the most correct answers. Who controls the bitcoin? Of course we are, the owner of the bitcoin. Because so far, if we have a bitcoin then there is nothing anyone can manage it without any consent from us. Thank you

That's right. Bitcoin users control bitcoin. The demand for bitcoin controls bitcoin mostly. The price is growing now, that means there are many people who are buying bitcoins now while the price is not so high.

[Pattart]

Could you please tell me, if everyone can create bitcoins with hardware is there any danger of serious inflation?

I think when you use the computer to mine bitcoin, then your computer may be burned by working very hard, it ever happened. if using a tool like antminer, maybe it's not too heavy

[QuestionAuthority]

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?

Everyone in this world control the bitcoin , User who had bitcoin from their bitcoin wallet and also those traders who buy and sell into market, and Iknow in USA has the biggest population who uses bitcoin also china and those friendly countries who had billions of users.

yes anyone who has the amount of bitcoins in their wallets is his property and he is controlling that amount of bitcoin, but not a single country a single person or a group of people can control the whole bitcoin.

It would not make much sense to say that Bitcoin is a decentralized currency if there were only one entity, or a small group of people, in control of the network. What makes Bitcoin to have the value it has today is the fact that users have the possibility of being the only people controlling their own money, and this is only possible in a decentralized network.

If by "users" you mean Chinese, then I agree.

We cannot avoid that fact isnt' it? Chinese is the largest bitcoin holder
They have the largest bitcoin mining farm around the world , a lot of support and they did it since bitcoin firat time come up
Can you imagine how much bitcoin they hold so far?
The sure thing is they can actually play with market and pump/dump as they wish.

You're right, they can. Take a look.

http://bitcoincharts.com/markets/

[betlord90]

Bitcoin is decentralized, so basically no one control Bitcoin, but the network.
do a search on google, and you will find more information

Bitcoin network don't have any owner also the same as bitcoin itself. Bitcoin network is a network which compose of people who are using bitcoin, of course this network compose of, buyers, investors and normal bitcoin users like those people who are earning bitcoins as a living. Because if bitcoin and bitcoin network have someone who owns it, I think it vanished a long time ago because of the problem that can't handle by the owner, well, just my opinion.

[Bitcoin0916]

No one controls bitcoin, but in technical sense, bitcoin has 1 or 2 secret keys (private keys) that when possessed can disturb the bitcoin network seriously. These keys are controlled by the core dev of the bitcoin.

Who says bitcoin can not control? Take a look at the facts now, whether the price of the bitcoin happens is natural? It seems not, it is clear that there is a controlling price bitcoin, I recommend to never hold bitcoin in the long run, when prices peaked and in a few moments dwindled, there are clear because there are control it.

[Pattart]

The bitcoin course controll we, the people.

No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.

That's why the price of bitcoin can be controlled. for users with large capital can manipulate the price of bitcoin, with a very large volume they can make the prices as they wish. it depends on the user

[BitHodler]

The bitcoin course controll we, the people.

No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.

That's why the price of bitcoin can be controlled. for users with large capital can manipulate the price of bitcoin, with a very large volume they can make the prices as they wish. it depends on the user

It's a group effort coming from numerous whale traders that operate from Chinese and USD exchanges. They rule this market with iron fist.

Another thing is that these traders get supplied with insider information. Take as an example the "hack" of Bitfinex.

Before the "hack" was publicly announced, there were suspicious dumps from a large magnitude in the days prior to them finally coming out.

It all shows to me that certain people, where I am sure the exchange operators are one of, have made multi millions in selling and buying back. And then I don't even mention the stolen coins.

[roadbits]

No one controls bitcoin, but in technical sense, bitcoin has 1 or 2 secret keys (private keys) that when possessed can disturb the bitcoin network seriously. These keys are controlled by the core dev of the bitcoin.

Who says bitcoin can not control? Take a look at the facts now, whether the price of the bitcoin happens is natural? It seems not, it is clear that there is a controlling price bitcoin, I recommend to never hold bitcoin in the long run, when prices peaked and in a few moments dwindled, there are clear because there are control it.

Yes, bitcoin can be controlled by someone that is why the price of the bitcoin will fluctuate with a big margin. And I think the price will depend on how many Bitcoin transact per minute. I am not sure, but for my knowledge, if we do more bitcoin transaction this will effect on bitcoin price. If people stops using bitcoin then automatically the price may go down.

[farhaan]

Bitcoin is a decentralized currency and it was found by satoshi mainly for that purpose. But today what happens is, since china is mining large number of bitcoins in the world, chinese hold the majority of bitcoins. To some extent, they are able to control the price of bitcoin. Two weeks before, we saw a huge pump in bitcoin price from $750 to $1150 followed by a huge dump to $850. It happened due to panic selling by the chinese due to action taken by PBOC. So unfortunately, at present, china controls the price of bitcoin to some extent.

[Victorycoin]

Bitcoin is a decentralized currency and it was found by satoshi mainly for that purpose. But today what happens is, since china is mining large number of bitcoins in the world, chinese hold the majority of bitcoins. To some extent, they are able to control the price of bitcoin. Two weeks before, we saw a huge pump in bitcoin price from $750 to $1150 followed by a huge dump to $850. It happened due to panic selling by the chinese due to action taken by PBOC. So unfortunately, at present, china controls the price of bitcoin to some extent.

I was going to say because of the decentralized nature of bitcoin, no one actually should be able to control it, but that I think is in an ideal world, where things work the way they are meant to. Events of couple of weeks shows that the surge and drop in price of about 40% came as a result of ongoing Chinese regulatory developments. I don't know how else to say it, but Bitcoin and its price is now in the mercy of the Chinese. It has been their scheming to have a global reserve currency and it is looking like they are about to have one in Bitcoin. I hope the rest of the world should wake from their slumber, this isn't a palatable news!

http://www.coindesk.com/bitcoin-price-fluctuations-calmed-chinese-regulatory-suspense/

[lionstrike]

you might don't know... i'm an administrator of Bitcoin network.

[SamMurphy]

Just us. Nobody else than us, not even China. We are who decide the price of the BTC. There are many out there who think that someone or some specific people control it. No that's no true, and if you don't believe just search it, learn some stuff for it. You will see many thinks opposite.

[markyminer]

The bitcoin course controll we, the people.

No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.

That's why the price of bitcoin can be controlled. for users with large capital can manipulate the price of bitcoin, with a very large volume they can make the prices as they wish. it depends on the user

bitcoin is a decentralize universal currency and is not under the control of a  single person, or a state, therefore i do not think that it can be manipulate so easily, because the users of bitcoin are too much and are present in all over the world. therefore i think it is not such an easy task to manipulate the price of bitcoin.

[Viviyang]

The bitcoin course controll we, the people.

No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.

That's why the price of bitcoin can be controlled. for users with large capital can manipulate the price of bitcoin, with a very large volume they can make the prices as they wish. it depends on the user

bitcoin is a decentralize universal currency and is not under the control of a  single person, or a state, therefore i do not think that it can be manipulate so easily, because the users of bitcoin are too much and are present in all over the world. therefore i think it is not such an easy task to manipulate the price of bitcoin.

Ya it is true that no one can control the bitcoin other then miners, but still i think even if anyone is holding 1%of the supply in market can cause a lot of fluctuation in price of bitcoins like if some one sell little bit high like bitcoins in market and that panic will affect the day traders and weak hand and in a minute you will see next 2 or 5 % of the market falls automatically so fluctuation causing is not a big work.

[Gromozeka!]

Just us. Nobody else than us, not even China. We are who decide the price of the BTC. There are many out there who think that someone or some specific people control it. No that's no true, and if you don't believe just search it, learn some stuff for it. You will see many thinks opposite.

Almost all mining is concentrated in China. State inspection on Chinese markets led to a drop in the value of Bitcoin. What is it if not a direct effect?

[GMPoison]

Just us. Nobody else than us, not even China. We are who decide the price of the BTC. There are many out there who think that someone or some specific people control it. No that's no true, and if you don't believe just search it, learn some stuff for it. You will see many thinks opposite.

Almost all mining is concentrated in China. State inspection on Chinese markets led to a drop in the value of Bitcoin. What is it if not a direct effect?

Like I keep telling everyone, influence does not equal control.

[Xenophoto]

Just us. Nobody else than us, not even China. We are who decide the price of the BTC. There are many out there who think that someone or some specific people control it. No that's no true, and if you don't believe just search it, learn some stuff for it. You will see many thinks opposite.

Almost all mining is concentrated in China. State inspection on Chinese markets led to a drop in the value of Bitcoin. What is it if not a direct effect?

Like I keep telling everyone, influence does not equal control.

Wait.. What? I always thought that influence has a strong correlation with control. As a matter of fact, influence and control are even synonyms. (See: http://www.dictionary.com/browse/influence) If you can influence someone, then of course you can control him since you can affect him. Just like China, maybe they are not 100% in control but compared to all of us, we're legit nothing. If they start dumping their coins, wouldn't we be affected? Just the simple dump that has happened last week is the proof of this. Do you believe that it's only the China that has been selling at that time? Panic sellers are selling too.