Who controls the Bitcoins?

[Victorycoin]

Bitcoin was created by satoshi as a decentralized currency. But, since china has huge mining power, most of the bitcoins are mined by chinese miners.Obviously, chinese hold majority of bitcoins so that they could decide the price of bitcoin. For every small changes occuring in china related tl bitcoin, it has a world wide impact.Its not good for bitcoin progress. Unfortunately, we have to accept that china controls the Bitcoin.

How does china control Bitcoin?  If you look at the mining charts, though several mining farm is located at china, it does not mean that chinese government own them.  This are different company with different people.  So there is no way that China is controlling bitcoin

The Chinese government does not have direct control over bitcoin but since the most miners are there then anything the Chinese government does has big influence in the operations of miners and their exchanges and in that way they can indirectly influence bitcoin.

We saw what influence the People's Bank of China (PBoC) has on Bitcoin play out on the 11th January, 2017 as Bitcoin dropped by 40% from the recent high of $1,153.02  to $752.11. With most of Bitcoins being mined in China, mining hardware companies scattered in China and a whole lot of interested investors from China, every day influence would as well amount to control and which is something China would so relish.

[seven4smoke]

Bitcoin was created by satoshi as a decentralized currency. But, since china has huge mining power, most of the bitcoins are mined by chinese miners.Obviously, chinese hold majority of bitcoins so that they could decide the price of bitcoin. For every small changes occuring in china related tl bitcoin, it has a world wide impact.Its not good for bitcoin progress. Unfortunately, we have to accept that china controls the Bitcoin.

How does china control Bitcoin?  If you look at the mining charts, though several mining farm is located at china, it does not mean that chinese government own them.  This are different company with different people.  So there is no way that China is controlling bitcoin

The Chinese government does not have direct control over bitcoin but since the most miners are there then anything the Chinese government does has big influence in the operations of miners and their exchanges and in that way they can indirectly influence bitcoin.

We saw what influence the People's Bank of China (PBoC) has on Bitcoin play out on the 11th January, 2017 as Bitcoin dropped by 40% from the recent high of $1,153.02  to $752.11. With most of Bitcoins being mined in China, mining hardware companies scattered in China and a whole lot of interested investors from China, every day influence would as well amount to control and which is something China would so relish.

Unlike other governments, the Chinese policy is one in which the country is considered paramount. Therefore, even bitcoin mining is carried out with the help of the state.

[coins101]

No one controls bitcoin! It is the user I think can be considered as the ones who controls bitcoin if we will based it on the law of supply and demand which is if the demand is low, the supply is high and if the supply is low, the demand will be high!

You obviously haven't been paying attention to the blocks ize debate.

[gembitz]

No one controls bitcoin! It is the user I think can be considered as the ones who controls bitcoin if we will based it on the law of supply and demand which is if the demand is low, the supply is high and if the supply is low, the demand will be high!

You obviously haven't been paying attention to the blocks ize debate.

2MB represent that shit !!! :-D $2000 = 2MB LIMIT#WEEEE

[Spirit2016]

No one controls bitcoin! It is the user I think can be considered as the ones who controls bitcoin if we will based it on the law of supply and demand which is if the demand is low, the supply is high and if the supply is low, the demand will be high!

You obviously haven't been paying attention to the blocks ize debate.

2MB represent that shit !!! :-D $2000 = 2MB LIMIT#WEEEE

If such a block size of 1 MB costs Bitcoin users in more than $ 100,000 per day and reduces the rate of implementation of the technology bitkoin- 2 Mb raises questions. Although the topic of increasing the unit has long been of interest to developers.

[wizmo]

Every wallet user have control over their wallet which makes bitcoins so powerful.

[BitcoinGirl.Club]

Many people say that the Chinese control the bitcoin, looks like I agree because after much reading the reference then it is evident that the market bitcoin china is the biggest, so I am sure the Chinese control the bitcoin.

They control most part of the mining, and probably even most part of the price because they are over 1 billion citizens in the country and so there is the highest percentage of BTC users in the world. They do not "control" it totally, just partially.

In as much as we do not want to agree with facts, truth of the matter is bitcoin is controlled by the chinese. China has the most users of BTC with a ready market for its adoption and investment. To show that china really controls BTC is  any unfavorable regulations introduced in china are not only felt their but to the whole crypto wold...which goes to show china is driving bitcoins.

[mikecgna]

Many people say that the Chinese control the bitcoin, looks like I agree because after much reading the reference then it is evident that the market bitcoin china is the biggest, so I am sure the Chinese control the bitcoin.

They control most part of the mining, and probably even most part of the price because they are over 1 billion citizens in the country and so there is the highest percentage of BTC users in the world. They do not "control" it totally, just partially.

In as much as we do not want to agree with facts, truth of the matter is bitcoin is controlled by the chinese. China has the most users of BTC with a ready market for its adoption and investment. To show that china really controls BTC is  any unfavorable regulations introduced in china are not only felt their but to the whole crypto wold...which goes to show china is driving bitcoins.

It seems that the Chinese operate in the future. Ie if bitcoin has a good future, the controlling bitcoin, the Chinese currency will control the future.

[d-trixx]

Every wallet user have control over their wallet which makes bitcoins so powerful.

Bitcoin can actually exist for many years, but if they are on the black market for bitcoin sell illegal things that can very seriously hurt bitcoin.

[sourris01]

No one controls bitcoin! It is the user I think can be considered as the ones who controls bitcoin if we will based it on the law of supply and demand which is if the demand is low, the supply is high and if the supply is low, the demand will be high!

You obviously haven't been paying attention to the blocks ize debate.

If you bear in mind the fact that bitcoin provides users with anonymity and the ability to hide their income, it turns out that bitcoin check no one can, in addition to its users and it is precisely their coins in his purse. After all, an obstacle to the recognition of bitcoin is the lack of control possibilities.

[DoublerHunter]

If we talked to "fully control bitcoin" then the answer is no one because even the government can't control the bitcoin fully. But in terms of manipulation then the country like china is one of the whales that can partially control the bitcoin because most of the supplies are there and majority of the investors and miners are there so it is very easy for china to manipulate or partially control the bitcoin.

[Ravion]

Actually there is no established organizations to control bitcoin. All over the world miners are confirming the transactions and that's it. There's no one's hand to control bitcoin but yes people could control the rate because if any individual buy lot of bitcoin in range of crore then obviously price will go up. And if there is no demabd and people start selling bitcoin then price would come down.

Your comment basically sums up 1000 other comments in this thread including 100 of your comments in the thread.Hope you understand the hypothetical references.
You're wrong [China Controls Bitcoins]  

That doesn't mean the Chinese are controlling Bitcoin, it just means that they're having an influence over the price.

Chinese investors have a special interest in Bitcoin because they're looking for places to invest their money in, other than commodities and Chinese stocks (which have been losing value for some time), and they don't trust the Yuan either. The recent price surge in Bitcoin was a direct result of Chinese investors buying up Bitcoins in large amounts.  

[Tyrantt]

Shortly answered, and I believe many of people have said this but the biggest + and the thing that everyone loves about bitcoin is it's decentralization.

[Simonsolo]

No one really controls bitcoins and if still we have to select someone then they are our precious miners which make bitcoins running and transactions getting confirmed very quickly.

[Meliodasama]

network bitcoin control the bitcoin 
but i really curious , who is Satoshi Nakamoto in real
didnt find a real identity of him

[Junko]

I control my own bitcoins. Of course, if I want to move them around, I need the network.

[shinratensei_]

No one really controls bitcoins and if still we have to select someone then they are our precious miners which make bitcoins running and transactions getting confirmed very quickly.

The miners are controlling the bitcoin. But in the case with rejecting some of the improvement by the bitcoin dev to make the network is more efficient to covering a lot of the transaction.
but the confirmation of bitcoin is not running for quickly like your statement.

[Altas]

No one controls Bitcoin. Some miners control its price. No government or organization can control Bitcoin fully. Some countries like China can partially control bitcoin , because most of the miners are from China.     

[n0ne]

We the users along with speculators, investors, miners, developers, bitcoin accepting merchants and so many users on a whole along with the entire digital currency network control the bitcoin. In this, major role is under the hands of miners and developers.

[TastyChillySauce00]

No one controls Bitcoin. Some miners control its price. No government or organization can control Bitcoin fully. Some countries like China can partially control bitcoin , because most of the miners are from China.     

The miners can't control the price or even "some" as you've mentioned, the price depends on the demands from the market and could only affect by the market, though the miners are also part of the market if they're doing some activities such as buying or selling bitcoin.
I know china is where the most of the mining powers come from but they still can't really give a big impact to the whole system.