Who controls the Bitcoins? | Bitcointalksearch.org

n0ne

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Quote from: PanZerrr on March 05, 2017, 03:10:02 PM

Quote from: pinkpanther03 on March 05, 2017, 02:50:09 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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?

If you have your own bitcoin store wallet, I can say you are the one who control your own bitcoin together with the password, private key or paraphrase. That's why its called decentralization.

Yes, each of us controls in private Bitcoin wallets. But it is believed that the price on the exchanges control large holders cryptocurrency

Each user of bitcoin contribute to the controlling of the bitcoin. Whether the bitcoin is on hold within the wallet or used around for regular needs doesn't matter. I believe China at least have some controllability on bitcoin, because it is the country which has got large number of miners as well the first country to invest Billion's on fintech development.

shodik007

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I think bitcoin freely without anyone controlling different from the currency of a country, it's one of the advantages of bitcoin

NEWGOODOUBLE

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Quote from: pinkpanther03 on March 05, 2017, 02:50:09 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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?

If you have your own bitcoin store wallet, I can say you are the one who control your own bitcoin together with the password, private key or paraphrase. That's why its called decentralization.

You have control over your bitcoin itself no one can take control of your bitcoin even you're free to do anything with bitcoin. because bitcoin decentralization so you are fully responsible

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Quote from: PanZerrr on March 05, 2017, 03:10:02 PM

Quote from: pinkpanther03 on March 05, 2017, 02:50:09 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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?

If you have your own bitcoin store wallet, I can say you are the one who control your own bitcoin together with the password, private key or paraphrase. That's why its called decentralization.

Yes, each of us controls in private Bitcoin wallets. But it is believed that the price on the exchanges control large holders cryptocurrency

Control is not mean to control the people's bitcoin for directly, but affecting the bitcoin elements such as the network of bitcoin or the another. The price of bitcoin has controlled by the demand on the bitcoin market.

BitcoinPanther

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Quote from: iqlimasyadiqa on March 04, 2017, 06:40:17 PM

Quote from: traderethereum on March 04, 2017, 03:27:56 PM

in my opinion, maybe big whales with big amount of bitcoin is trying to controls the bitcoin price and this is happen in the market with the higher of the price. but the people in market is off course trying to control the bitcoin price too and its because of supply and demand that happen in the market so the price is always change from time to time.

the possibility that control bitcoin is not one person. they are a great community that has a goal each. they set the price of bitcoin to get what they want. so the market will always follow the price that has been set up so well.

I agree, the community of people control bitcoin at some point. Like for example, update and development are controlled by the community of Bitcoin developers. They form a consensus on what upgrade to be applied. Community of whales on the other hand is trying to control and manipulate the price in exchanges, while group or communities of miners are have control over the confirmation of transactions.

PanZerrr

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Quote from: pinkpanther03 on March 05, 2017, 02:50:09 PM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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?

If you have your own bitcoin store wallet, I can say you are the one who control your own bitcoin together with the password, private key or paraphrase. That's why its called decentralization.

Yes, each of us controls in private Bitcoin wallets. But it is believed that the price on the exchanges control large holders cryptocurrency

pinkpanther03

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Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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?

If you have your own bitcoin store wallet, I can say you are the one who control your own bitcoin together with the password, private key or paraphrase. That's why its called decentralization.

iqlimasyadiqa

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Quote from: traderethereum on March 04, 2017, 03:27:56 PM

in my opinion, maybe big whales with big amount of bitcoin is trying to controls the bitcoin price and this is happen in the market with the higher of the price. but the people in market is off course trying to control the bitcoin price too and its because of supply and demand that happen in the market so the price is always change from time to time.

the possibility that control bitcoin is not one person. they are a great community that has a goal each. they set the price of bitcoin to get what they want. so the market will always follow the price that has been set up so well.

bncbnc

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Quote from: boyptc on March 04, 2017, 02:40:50 AM

Quote from: just_Alice on March 03, 2017, 02:49:30 AM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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 guess it's the investors, who control the course. Users, in fact. Including you, if you personally buy and sell btcs. But it is important to understand, that your control over Bitcoin is proportional to how much you own.

I'm thinking that many are controlling the course of bitcoin and most of them are the whales. But for most of us who are just small time bitcoin traders we don't have something to control with it. Instead we can help the adoption of bitcoin by simply keep on using it or spending it.

i think there is not a single controller of bitcoin. but everyone who have the amount of bitcoin he is the owner of such bitcoin and he has the right to hold it or trade it or even spent it any where he want and he has no restriction for that.

traderethereum

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in my opinion, maybe big whales with big amount of bitcoin is trying to controls the bitcoin price and this is happen in the market with the higher of the price. but the people in market is off course trying to control the bitcoin price too and its because of supply and demand that happen in the market so the price is always change from time to time.

horace08122

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Quote from: Farma on March 04, 2017, 11:56:35 AM

Quote from: ShetKid on March 04, 2017, 11:19:28 AM

A person created it and now many are in control/possession. But in simple terms anyone can be in control because it is more of an open coin/community snd does not require 1 specific owner to br in control

Well, maybe bitcoin deliberately set up like this, so controlling costs, can only be done by the user. when people flocked sell their bitcoin, bitcoin then the price will come down, and vice versa. so, I guess, which controls bitcoin, is users.

If you really look at the question right, you are right a hundred percent. Only the user bitcoin has an effect on your wallet and controls it. But there are other cases less harmless.

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Quote from: ShetKid on March 04, 2017, 11:19:28 AM

A person created it and now many are in control/possession. But in simple terms anyone can be in control because it is more of an open coin/community snd does not require 1 specific owner to br in control

Well, maybe bitcoin deliberately set up like this, so controlling costs, can only be done by the user. when people flocked sell their bitcoin, bitcoin then the price will come down, and vice versa. so, I guess, which controls bitcoin, is users.

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Quote from: BingoDog on March 04, 2017, 11:04:26 AM

Quote from: danherbias07 on March 04, 2017, 08:15:29 AM

Quote from: BeGoods on March 04, 2017, 08:09:45 AM

Quote from: just_Alice on March 03, 2017, 02:49:30 AM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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 guess it's the investors, who control the course. Users, in fact. Including you, if you personally buy and sell btcs. But it is important to understand, that your control over Bitcoin is proportional to how much you own.

investors or users themselves, if the set of users with large capital to do a thing will certainly give effect to the price of bitcoin, The controls exist on the user's own dude

Yeah but who can afford the large amount can make the big movement. But now with its price I doubt somebody could buy that large amount.
It will be those who have patience and been holding bitcoin for a long time can make a great effect. Ithink they would need a group also to join their coins or they would dump or pump at the same time.

Whales can influence on bitcoin price because they hold the large amount and make big impact on bitcoin market. Chinese are important players too. If you think carefuly you will come to the conclusion that majority of bitcoins is actualy in hands of relatively small number of people and all others have just tiny pieces.

There is no actually are holding a large number of bitcoin not only almost all are holding for those who are holding a huge amount of bitcoin they can only decrease the value of bitcoin but they can not push the value of bitcoin because they can sell large amount of bitcoin in the market that can affect the value of bitcoin because the price of bitcoin is relaying in demand and supply..

ShetKid

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A person created it and now many are in control/possession. But in simple terms anyone can be in control because it is more of an open coin/community snd does not require 1 specific owner to br in control

BingoDog

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Quote from: danherbias07 on March 04, 2017, 08:15:29 AM

Quote from: BeGoods on March 04, 2017, 08:09:45 AM

Quote from: just_Alice on March 03, 2017, 02:49:30 AM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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 guess it's the investors, who control the course. Users, in fact. Including you, if you personally buy and sell btcs. But it is important to understand, that your control over Bitcoin is proportional to how much you own.

investors or users themselves, if the set of users with large capital to do a thing will certainly give effect to the price of bitcoin, The controls exist on the user's own dude

Yeah but who can afford the large amount can make the big movement. But now with its price I doubt somebody could buy that large amount.
It will be those who have patience and been holding bitcoin for a long time can make a great effect. Ithink they would need a group also to join their coins or they would dump or pump at the same time.

Whales can influence on bitcoin price because they hold the large amount and make big impact on bitcoin market. Chinese are important players too. If you think carefuly you will come to the conclusion that majority of bitcoins is actualy in hands of relatively small number of people and all others have just tiny pieces.

danherbias07

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Quote from: BeGoods on March 04, 2017, 08:09:45 AM

Quote from: just_Alice on March 03, 2017, 02:49:30 AM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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 guess it's the investors, who control the course. Users, in fact. Including you, if you personally buy and sell btcs. But it is important to understand, that your control over Bitcoin is proportional to how much you own.

investors or users themselves, if the set of users with large capital to do a thing will certainly give effect to the price of bitcoin, The controls exist on the user's own dude

Yeah but who can afford the large amount can make the big movement. But now with its price I doubt somebody could buy that large amount.
It will be those who have patience and been holding bitcoin for a long time can make a great effect. Ithink they would need a group also to join their coins or they would dump or pump at the same time.

BeGoods

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Quote from: just_Alice on March 03, 2017, 02:49:30 AM

Quote from: PhilipPens on February 09, 2016, 04:15:29 AM

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 guess it's the investors, who control the course. Users, in fact. Including you, if you personally buy and sell btcs. But it is important to understand, that your control over Bitcoin is proportional to how much you own.

investors or users themselves, if the set of users with large capital to do a thing will certainly give effect to the price of bitcoin, The controls exist on the user's own dude

Dimelord

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Bitcoin is a decentralized digital currency found by a person satoshi nakamoto.It is not controlled by any one.At first, it was worth $1, but due to increase in demand and its unmatchable block chain system, its price has reached now$1280.It is said that bitcoin would even replace US Dollar as global reserve currency.

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Quote from: bitbob82 on March 04, 2017, 05:40:24 AM

Quote from: Babayega31 on March 03, 2017, 06:39:34 AM

I think those who are investing bigger btc amounts controlls the currency today thats why it booms its price, and many of them were now gaining profits, as they hold their bitcoin and hold for another price increase and sell it to the buyers. But this kind of strategy doesn't always take effect immediately specially when the exchange values fluctuates in the market, price will be decreasing sometime in an erratic scenario.

i do not think that now bitcoin can be control by any single person or group of people. i think now bitcoin has become more and more stable and decentralize currency of the world and hope that bitcoin will remain decentralize for ever.

We need to accept that bitcoin can be control by someone or by a group because it has a limited supply and that is the cause or reason why big people can control the bitcoin especially the price of it. Chinese can control the bitcoin if they like because of the volume of miners and investors there.

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Is difficult to understand for the people that bitcoin is completely decentralized I tried to explain once without success. Sad

Topic: Who controls the Bitcoins? (Read 46445 times)