Who controls the Bitcoins?

[MMA]

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.

i do not think that chines are controlling bitcoin, although it is a fact that they have the majority of bitcoin users, but i think all the chines will never have the same choice to buy are sell the bitcoins at the same time. actually bitcoin is not a centralized currency therefore it is not easy to even manipulate the price of bitcoin. and as time pass it becoming more and more difficult because the users of bitcoin are increasing continuously.

[Zadicar]

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.

i do not think that chines are controlling bitcoin, although it is a fact that they have the majority of bitcoin users, but i think all the chines will never have the same choice to buy are sell the bitcoins at the same time. actually bitcoin is not a centralized currency therefore it is not easy to even manipulate the price of bitcoin. and as time pass it becoming more and more difficult because the users of bitcoin are increasing continuously.

Huge numbers or amounts of bitcoin would somehow can really affect the price of bitcoin not on totally manipulating but they do have the control or decision on changing its price.Just like what happen on previous weeks of this month prices do decrease for sudden reason.

[Omega Weapon]

No one controls bitcoin directly, there is no central authority, in a way everyone that is part of bitcoin has a small amount of control, obviously the developers, the miners and the whales holds the most influence but we also have some small influence.

[kiklo]

CHINA




 

[megynacuna]

Nobody primarily controls bitcoins but there are people controlling large chunks of the Bitcoin network and so we can say they are controlling it better than the rest of us. Majority of these companies are in China and in fact just three(3) of these companies own 70% of the entire Bitcoin network that's why people get to say China is actually in control of Bitcoin.

[xIIImaL]

Nobody primarily controls bitcoins but there are people controlling large chunks of the Bitcoin network and so we can say they are controlling it better than the rest of us. Majority of these companies are in China and in fact just three(3) of these companies own 70% of the entire Bitcoin network that's why people get to say China is actually in control of Bitcoin.

This seems to perfect answer for this thread. Obviously no one controlling the bitcoin network. It simply mined through the miners which set up around the world. It transfer through the blocks and time is depend upon the fees we adding on the transactions.

[1Referee]

No one controls bitcoin directly, there is no central authority, in a way everyone that is part of bitcoin has a small amount of control, obviously the developers, the miners and the whales holds the most influence

Developers may seem to be a powerful entity in the world of Bitcoin, but in reality they are not. Especially not when you consider how difficult it is to achieve consensus regarding the block size upgrade where pools are the ones that are holding back everything. In that regard, it's safe to assume that Chinese mining farms and the people behind the scenes responsible for all this fud and panic, are the ones that are really in control.

but we also have some small influence.

We as in community? If so, in what way? If you're talking about that we can team up to get something done, then it will be difficult as even people here don't agree with each other in general. Especially when you consider the number of groups that this community has been split in.

[RodeoX]

It is so interesting to see how many people believe someone is "controlling" things. I guess it is the way humans tend to think. It reminds me of all our history. In the past no one could fathom that the weather was largely random and invented Gods to make sense of things. I suppose they wanted to feel like they had a sense of control. "Maybe if I pray hard to the god who controls the weather he will help?" In reality no one controls the weather.

[PremiumCodeX]

It is so interesting to see how many people believe someone is "controlling" things. I guess it is the way humans tend to think. It reminds me of all our history. In the past no one could fathom that the weather was largely random and invented Gods to make sense of things. I suppose they wanted to feel like they had a sense of control. "Maybe if I pray hard to the god who controls the weather he will help?" In reality no one controls the weather.

Linking the way how weather changes to fantasies roots in the unknown or more precisely in the lack of will to know. BTC is difficult to understand for a newcomer because it is the first truly decentralized financial network so it is just certain people imagine an entity that controls it. What we actually need is more tutorials that explain EASILY and in details how the system works so people could accept and understand this "decentralization".

[Botnake]

It is so interesting to see how many people believe someone is "controlling" things. I guess it is the way humans tend to think. It reminds me of all our history. In the past no one could fathom that the weather was largely random and invented Gods to make sense of things. I suppose they wanted to feel like they had a sense of control. "Maybe if I pray hard to the god who controls the weather he will help?" In reality no one controls the weather.

Linking the way how weather changes to fantasies roots in the unknown or more precisely in the lack of will to know. BTC is difficult to understand for a newcomer because it is the first truly decentralized financial network so it is just certain people imagine an entity that controls it. What we actually need is more tutorials that explain EASILY and in details how the system works so people could accept and understand this "decentralization".

I don't find it hard when I started with bitcoin, we all start from newbie but our dedication will help us learn this things easily. It's not hard now because the information if free, it's written all over the internet and it's like a public library with comprehensive information on it. If one cannot understand that, then there's no way he can comprehend bitcoin easy.

[President79]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

[Victorycoin]

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?

It is a wonder most people are still living in fantasy islands, singing stereotyped choruses, while China daily inches closer to being the one to call the shots in matters pertaining to Bitcoin. These days, there are rumors of Chinese miners unwilling to confirm transactions from the U.S.. Rumor or fact, can anyone read what is in between the line? 

[olubams]

For me I will say its the forces of demand and supply but that cannot just happen out of the blue moon because there are still some factors that will serve as a propeller that will force the hands of demand or supply and that is the human factor in the case of bitcoin and that is why all attention is directed to the Chinese because its from there the downfall or the increase in the price of bitcoin is always originating from. A simple release from over there can mean a crashing for bitcoin or vice versa...

[bitbob82]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

according to some people chinies are cotrolling bitcon, but i think they are  not and not any other person, grout of poele are any other start is controlling bitcoin, bitcoin is a decentralzed currey of the world and they do not have any statement.

[shinratensei_]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

And the bitcoin is not having such elements to be the legitimate currency, it's not about the controlling of bitcoin. So, bitcoin is so far being accepted by the government.
Not surely, even there are a lot of chances to controlling the network of bitcoin.

[vasrasus]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

according to some people chinies are cotrolling bitcon, but i think they are  not and not any other person, grout of poele are any other start is controlling bitcoin, bitcoin is a decentralzed currey of the world and they do not have any statement.

Right it is decentralized and we can monitored our own wallet and our transactions. It can be control also by the developers where our transactions been used.

[BitMaxz]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

according to some people chinies are cotrolling bitcon, but i think they are  not and not any other person, grout of poele are any other start is controlling bitcoin, bitcoin is a decentralzed currey of the world and they do not have any statement.

Right it is decentralized and we can monitored our own wallet and our transactions. It can be control also by the developers where our transactions been used.

They can not control but they can destruct people from holding bitcoin to panic sell like the news in the china that we thought the big company or the big bitcoin farm will close and sell their all bitcoin.. but its not happening and i think there are some people who are holding a small amount of bitcoin sell all his bitcoin but his waiting for a long time for the price decrease so he made a story that can push people to sell bitcoin.. and now they are success and bought cheap bitcoin. but anyway its still just a normal because its always happening..

[deppil]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

I think until whenever bitcoin could never be controlled. because bitcoin decentralization. so I was a little bit hesitant in the future is it bitcoin will be accepted by many countries or not?

[stadus]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

I think until whenever bitcoin could never be controlled. because bitcoin decentralization. so I was a little bit hesitant in the future is it bitcoin will be accepted by many countries or not?

Who can control a decentralized system, no one, right? We are here for that reason and we are getting the satisfaction we expected, if bitcoin will be govern by the rules of the government, we will definitely not gonna enjoy the same freedom we are experiencing now. We have to maintain bitcoin in this state as this is the only way to enjoy it's compete benefits of using it.

[Kabul]

If bitcoin can not be controlled, it is impossible to replace the official currency of a country. It is justified because the state had full interest to be able to control the currency. So I sure bitcoin can't controlled by anyone.

I think until whenever bitcoin could never be controlled. because bitcoin decentralization. so I was a little bit hesitant in the future is it bitcoin will be accepted by many countries or not?

Who can control a decentralized system, no one, right? We are here for that reason and we are getting the satisfaction we expected, if bitcoin will be govern by the rules of the government, we will definitely not gonna enjoy the same freedom we are experiencing now. We have to maintain bitcoin in this state as this is the only way to enjoy it's compete benefits of using it.

I still can be controlled by a group of people who have a great access to it. Currently, the Chinese have too many Bitcoin so it is no doubt that they have cause many significant effects to it and we can say that they are controlling Bitcoin in some ways.