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Author Topic: Who controls the Bitcoins?  (Read 46400 times)
LovelyPrey
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January 23, 2017, 03:23:45 AM
 #781

People is the one that controls the bitcoin on how it generated and become more in demand and on how it increases and decreases the value also.
And then I guess the on behind this bitcoin is a Chinese man, I am not sure with that though .

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January 23, 2017, 03:38:17 AM
 #782

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.
I think it is very difficult to control bitcoin, even for china. although they have a lot of bitcoin, but I think they can only give effect to make bitcoin prices declined. not only China that has many bitcoin, but there are many other countries that even have more bitcoin.
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January 23, 2017, 04:52:14 AM
 #783

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.
I think it is very difficult to control bitcoin, even for china. although they have a lot of bitcoin, but I think they can only give effect to make bitcoin prices declined. not only China that has many bitcoin, but there are many other countries that even have more bitcoin.
Controls means you can do anytime if you want to move or manipulate the price, it is like a whales in the sports gambling where they can move the line if they want to. What we are seeing now is good despite the fact that prices can be manipulated, as long as we know how the price moves, we can always make a good decision not to sell and just hold it. If China controls bitcoin, so be it.

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January 23, 2017, 09:59:55 AM
 #784

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.
I think it is very difficult to control bitcoin, even for china. although they have a lot of bitcoin, but I think they can only give effect to make bitcoin prices declined. not only China that has many bitcoin, but there are many other countries that even have more bitcoin.
Controls means you can do anytime if you want to move or manipulate the price, it is like a whales in the sports gambling where they can move the line if they want to. What we are seeing now is good despite the fact that prices can be manipulated, as long as we know how the price moves, we can always make a good decision not to sell and just hold it. If China controls bitcoin, so be it.

I think China does not fully control the Bitcoin but rather they have a major role in the world of Bitcoin. Even countries that have the largest Bitcoin volume is China. So China could have major implications for the world Bitcoin but could not really control it as they want like to be.

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January 23, 2017, 01:52:00 PM
 #785

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.
I think it is very difficult to control bitcoin, even for china. although they have a lot of bitcoin, but I think they can only give effect to make bitcoin prices declined. not only China that has many bitcoin, but there are many other countries that even have more bitcoin.
i thin China even cannot effect the price of bitcoin so easily, because bitcoin is not centralize currency, and is not under the control of a person, group of people or country, and it is now becoming more and more difficult because the number of bitcoin users are increasing and making bitcoin more and more stable.

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Carlsen
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January 23, 2017, 02:00:21 PM
 #786

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.
I think it is very difficult to control bitcoin, even for china. although they have a lot of bitcoin, but I think they can only give effect to make bitcoin prices declined. not only China that has many bitcoin, but there are many other countries that even have more bitcoin.
Controls means you can do anytime if you want to move or manipulate the price, it is like a whales in the sports gambling where they can move the line if they want to. What we are seeing now is good despite the fact that prices can be manipulated, as long as we know how the price moves, we can always make a good decision not to sell and just hold it. If China controls bitcoin, so be it.

I think China does not fully control the Bitcoin but rather they have a major role in the world of Bitcoin. Even countries that have the largest Bitcoin volume is China. So China could have major implications for the world Bitcoin but could not really control it as they want like to be.

I think China (or any other industry nation) could take a massive influence to bitcoin price if they wanted to.
When you look at the current market capitalization of abot 16 billions, that is not very much compared to the money nations deal with.
They could buy and sell as much as they please and dictate by this the price behaviour of bitcoin.

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Shenzou
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January 23, 2017, 02:12:34 PM
 #787

No one can controll the bitcoin, because of how it is not centrelized in one place bitcoin can not be controlled by any party unlike the other currencies which have thier specific country, iy might be true that china has a large share of the mining power but it can't controll the whole bitcoin market
Rishabh riyz
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January 23, 2017, 03:32:30 PM
 #788

See bitcoin is decentralised so no single person controls it
no one can actually control bitcoins because controlling means that they can access  to the value of bitcoin and can set new ones 

china is having most of the bitcoins nd it seems that they would have the mojor role in the bitcoin world
   
saqibmunir
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January 23, 2017, 03:38:07 PM
 #789

i think network on bitcoin or group of organizers which are experienced programmer too controls bitcoins.....
i think you should google it for perfect answer.....
dream4
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January 23, 2017, 03:58:05 PM
 #790

once it was unleashed it became uncontrollable. Smiley
Victorycoin
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January 24, 2017, 11:22:34 AM
 #791

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.
It is a wonder that there are people reasoning like this and yet they are in this forum and even participating in signature campaigns, does not the campaign managers go through all that?

Bitcoin is decentralized by nature, making it free from the control of anyone or group of persons, but that is on the premise that the community plays its role effectively and not go to sleep thinking all would be well. For anyone that is truly abreast with developments in this industry, the Chinese are fast cornering Bitcoin!
AjithBtc
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January 24, 2017, 11:34:49 AM
 #792

We the users are responsible for anything that's taking place with bitcoin. Importantly developers were the one who keeps the system to function successfully.

CROYA86
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January 24, 2017, 02:03:45 PM
 #793

We the users are responsible for anything that's taking place with bitcoin. Importantly developers were the one who keeps the system to function successfully.

no one can control the bitcoin, bitcoin unless the users themselves, so all users have the same opportunity in seeking to buy and own bitcoin was all done openly
GoodLuck2
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January 24, 2017, 02:48:36 PM
 #794

there is no one know that who is controlling the bitcoin and there is no proof about the controlling of bitcoin and there is a lot of people says that china controlling the bitcoin but i think it wrong news.
Soul Reaper
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January 24, 2017, 02:55:54 PM
 #795

Each cryptocurrency has it's own rules build in the code, for example bitcoin will stop creation after 21 million of bitcoins created. So there is no-one who controls bitcoin, that can change the code. Someone can change anything but it will be rejected form the other minors.
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January 24, 2017, 02:59:42 PM
 #796

there is no one know that who is controlling the bitcoin and there is no proof about the controlling of bitcoin and there is a lot of people says that china controlling the bitcoin but i think it wrong news.

I agree with you, we knows that no one can controling bitcoin
the fluctuation of btc on the market is pure from the bitcoin community

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Gembul
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January 24, 2017, 03:13:34 PM
 #797

I agree with you, we knows that no one can controling bitcoin
the fluctuation of btc on the market is pure from the bitcoin community

Right, and until whenever I think bitcoin will never be controlled by anyone. However, some people consider bitcoin is controlled by people who have large capital, and I think it's a little true since in several exchanger price is controlled by a person. Whether it's from the exchanger or from users who have bitcoin with large numbers in that exchanger as he can influence the price movement bitcoin in "exchangers" not globally. Thank you
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January 26, 2017, 02:06:15 PM
 #798

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.

But not everyone is dedicated especially when he is new in BTC. Alot of people are open-minded to hear about BTC, but will not dedicate their time to do their research simply because they are not convinced that it worth their time. These people need good reasons to spend time on reading about BTC. We need articles that raise their motivation in the positive meaning.

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January 26, 2017, 02:19:44 PM
 #799

Everyone uses and learn is controlling Bitcoin
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January 26, 2017, 02:48:27 PM
 #800

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.

But not everyone is dedicated especially when he is new in BTC. Alot of people are open-minded to hear about BTC, but will not dedicate their time to do their research simply because they are not convinced that it worth their time. These people need good reasons to spend time on reading about BTC. We need articles that raise their motivation in the positive meaning.
Many people here are already beclouded by their desperation to make money off of the community that seem not to realize that the community wants them to be well versed in Bitcoin and cryptocurrency, so they can always find their ground instead of these groping in the dark that a number of members are posting about Bitcoin without an iota of commitment. Let's stop behaving like mercenaries and play out own bit to sustain the community and Bitcoin, which binds us all.
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