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GMPoison
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January 18, 2017, 01:56:59 PM |
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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. In terms of bitcoin when asking "who controls the bitcoins" like OP did, China can have an influence on it's price, but in no way does that give them control of bitcoin entirely. I don't want people to get confused when the title says "who controls bitcoin" and everyone says China. China doesn't "own" or "control" bitcoin, but yes they do influence bitcoins's price if the price of bitcoin is how you want to define control. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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deisik
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English ⬄ Russian Translation Services
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January 18, 2017, 02:32:04 PM |
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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. In terms of bitcoin when asking "who controls the bitcoins" like OP did, China can have an influence on it's price, but in no way does that give them control of bitcoin entirely. I don't want people to get confused when the title says "who controls bitcoin" and everyone says China. China doesn't "own" or "control" bitcoin, but yes they do influence bitcoins's price i f the price of bitcoin is how you want to define controlFor most people this is six of one and half a dozen of the other I don't think there are many people who don't care for Bitcoin price altogether. These are most certainly early miners who didn't spend any money on bitcoins and just mined them on the order of thousands. All other people (i.e. those who bought bitcoins with their hard-earned cash) and they seem to make up the total majority of Bitcoin users today do care for Bitcoin price, and for them the capability to send price to the floor ("influence" it, in your speak) pretty much comes down to control over Bitcoin |
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meemiinii
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January 18, 2017, 02:52:16 PM |
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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
yes sir. i agree with you and most of the comments here. no one is really in control in bitcoins.the one who controls it is the one who holds it. as long as we have bitcoins, then we are in control of it. to make it short, no one or no single or particular person, or authority who controls it rather, we all have the chance to control because of decentralization. |
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Zadicar
Legendary
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Activity: 1330
Merit: 1020
Seabet.io | Crypto-Casino
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January 18, 2017, 03:08:18 PM |
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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
yes sir. i agree with you and most of the comments here. no one is really in control in bitcoins.the one who controls it is the one who holds it. as long as we have bitcoins, then we are in control of it. to make it short, no one or no single or particular person, or authority who controls it rather, we all have the chance to control because of decentralization. Yes most of bitcoin users or people here are saying the same thing on which bitcoin cant be controlled but regarding on manipulating on price movement i could say it is possible or huge bag holders of bitcoin because they can affect anytime the price rate specially to those whales. |
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MFahad
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January 18, 2017, 03:17:00 PM |
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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 No one controls the bitcoins. Its Government free and country free Digital currency. The price of bitcoins can be controlled or i say manipulated if one community has large amount of bitcoin and currently china is the one who is holding major share of bitcoins. |
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SONG GEET
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January 18, 2017, 03:24:50 PM |
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The price of bitcoins can be controlled or i say manipulated if one community has large amount of bitcoin and currently china is the one who is holding major share of bitcoins.
It is true that bitcoin price may get manipulated by bitcoin whales but i don't think china hold majority of bitcoin. The high trading volume on chinese exchanges are just due to their 0 trading fee, chinese are buying bitcoin from local exchanges and selling them quickly in international market to convert their yuan to USD. |
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cramcram21
Sr. Member
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Activity: 854
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★777Coin.com★ Fun BTC Casino!
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January 18, 2017, 03:40:50 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 all of the user of bitcoin gives it contribution to it, I mean we are the reason why the price always change, stocks and demand that's what they usually say. |
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rizkyhiw
Legendary
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Activity: 1484
Merit: 1004
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January 18, 2017, 05:54:21 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?
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/Pretty contrast , more than enough to prove who actually playing the market here Decentralized mean nothing if they do so Wish there more super power countries have same situation like what chinese done To take bitcoin seriously and create a fair market that fully uncontrolled. |
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modsa26
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January 18, 2017, 10:30:59 PM |
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Everbody say "Bitcoin is decentralized money.It is advantages etc. But in fact, I think it isn't advantages It might turn easily to disadvantages because The world is circulate  Everybody cant use Exchanges same time. It is historical experience of Money. This is another reason why people didnt using same money. It might be manupilate easily. I know it is traditional idea but on the one hand It is true This is true. But why are still talking about bitcoin bank, which in the future can take on all management issues bitcoin. This violates the basic rule of confidentiality. I'm totally agree with you. It wont be able to. and also it's not purpose of bitcoin. In my opinion, Bitcoin is beyond the cryptocurreny also It's also thought. My answer for this idea "Bitcoin is completely free." Im saying "It is too early for say that." |
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mornabo
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January 18, 2017, 10:57:58 PM |
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Everbody say "Bitcoin is decentralized money.It is advantages etc. But in fact, I think it isn't advantages It might turn easily to disadvantages because The world is circulate Everybody cant use Exchanges same time. It is historical experience of Money. This is another reason why people didnt using same money. It might be manupilate easily. I know it is traditional idea but on the one hand It is true This is true. But why are still talking about bitcoin bank, which in the future can take on all management issues bitcoin. This violates the basic rule of confidentiality. I'm totally agree with you. It wont be able to. and also it's not purpose of bitcoin. In my opinion, Bitcoin is beyond the cryptocurreny also It's also thought. My answer for this idea "Bitcoin is completely free." Im saying "It is too early for say that." I think although bitcoin bank will be present that will not make you be exposed. It is therefore up to you to use it or not. once again with bitcoin you're free to use anything |
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dhampir-D
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January 18, 2017, 11:17:54 PM |
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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. With regard to market manipulation, I also think that this is a difficult market to manipulate... not as difficult as larger markets, such as the stock market or the forex market, of course, but the point is that as Bitcoin gains more users over time, there is a greater volume of negotiations and the market becomes more complex. |
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shinratensei_
Legendary
Offline
Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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January 18, 2017, 11:33:05 PM |
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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. With regard to market manipulation, I also think that this is a difficult market to manipulate... not as difficult as larger markets, such as the stock market or the forex market, of course, but the point is that as Bitcoin gains more users over time, there is a greater volume of negotiations and the market becomes more complex. It's not difficult like you said. As long as I know all of the prices of bitcoin in every western exchange are got influence by the Chinese exchange and it's means the Chinese have been controlling the price. |
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Bitcoin0916
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January 19, 2017, 03:47:30 AM |
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I'm sure there are people or groups who could control bitcoin, it is very obvious that the price after rising as high then drop to 30℅ within 5 days. just like stock prices, that the majority owner could intervene and speculation. They are people or groups in China.
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philiveyjr
Legendary
Offline
Activity: 840
Merit: 1000
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January 19, 2017, 03:52:31 AM |
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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. With regard to market manipulation, I also think that this is a difficult market to manipulate... not as difficult as larger markets, such as the stock market or the forex market, of course, but the point is that as Bitcoin gains more users over time, there is a greater volume of negotiations and the market becomes more complex. It's not difficult like you said. As long as I know all of the prices of bitcoin in every western exchange are got influence by the Chinese exchange and it's means the Chinese have been controlling the price. To an extent you are right. The Chinese have some control over bitcoin pricing and the try to regulate it to an extent once in a few months with all the fake news regarding their government or may be about hacking. They do have some control over it but it is not major and they obviously wouldn't want their investment to collapse. So they wouldn't take any adverse steps regarding it. |
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bitloud
Member
Offline
Activity: 68
Merit: 10
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January 19, 2017, 04:02:48 AM |
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There is no authority for controlling bitcoin. If anyone really controls it than i think they are the Chinese miners which have a great influence on bitcoins.
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millgates
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January 19, 2017, 04:10:03 AM |
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There is no authority for controlling bitcoin. If anyone really controls it than i think they are the Chinese miners which have a great influence on bitcoins.
I think the user is who control bitcoin, but chinese people have the the biggest amount of bitcoin so they have more control than the other people. I am sure that chinese domination is not forever, because when bitcoin get mass adoption, bitcoin will be spread evenly. |
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shinratensei_
Legendary
Offline
Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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January 19, 2017, 04:30:11 AM |
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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. With regard to market manipulation, I also think that this is a difficult market to manipulate... not as difficult as larger markets, such as the stock market or the forex market, of course, but the point is that as Bitcoin gains more users over time, there is a greater volume of negotiations and the market becomes more complex. It's not difficult like you said. As long as I know all of the prices of bitcoin in every western exchange are got influence by the Chinese exchange and it's means the Chinese have been controlling the price. To an extent you are right. The Chinese have some control over bitcoin pricing and the try to regulate it to an extent once in a few months with all the fake news regarding their government or may be about hacking. Especially they know when to make a FUD and it goes to dropping fundamentals for bitcoin. It was a fuckin scenario. |
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hurain
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January 19, 2017, 07:32:09 AM |
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There is no authority for controlling bitcoin. If anyone really controls it than i think they are the Chinese miners which have a great influence on bitcoins.
I think the user is who control bitcoin, but chinese people have the the biggest amount of bitcoin so they have more control than the other people. I am sure that chinese domination is not forever, because when bitcoin get mass adoption, bitcoin will be spread evenly. i think we should appreciate the Chines that they have adopted bitcoin more that any other country. although the users of bitcoin are present in all over the world. even in third world countries life Afghanistan, Pakistan and India, and so on but still there need more hard work to increase the users of bitcoin in these countries so that they can also adopt bitcoin and make the future of bitcoin more brighter and stronger. |
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PremiumCodeX
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January 19, 2017, 09:13:54 PM |
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I think china who controls bitcoin because of number of population. It's a large community who use bitcoin. maybe usa have a big hand of controlling bitcoin market.
I think, no nation can control BTC because there is a common dependency between every major-in-power nation. Of course, China has a significant influence on BTC purely from its huge amount of miners, but it is not like it has souverinity on it. USA, Russia and I do not even know what financial groups could have major influence on it in the same time. Powerful groups of people INFLUENCE, but no one controls BTC. |
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mikehersh2
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January 20, 2017, 01:00:44 AM |
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Who in the world controls the bitcoin?
Everyone that has a private key for an address that received bitcoin can control these specific bitcoin. I don't understand where it appeared and how it began to be one of the official currencies?
There is nothing official about bitcoin. They are created by an algorithm defined by software people run on their computers and specialized hardware. Over time it became valueable because people declared that it has value to them. Who controls the course of Bitcoin?
A variety of people have influence, but there is no real control. It began to be one of the official currencies through the Dark Web. It is known as the Silk Road, where using bitcoin, people could anonymously purchase contraband items on the internet. This is what allowed bitcoin to really grow in value. Here are some stats on whats being purchased on the dark web using bitcoin. http://www.coindesk.com/bitcoin-on-the-dark-web-the-facts/ |
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