Pages:
Author

Topic: Who controls the Bitcoins? - page 10. (Read 46400 times)

hero member
Activity: 630
Merit: 500
January 22, 2017, 06:49:39 PM
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.
hero member
Activity: 798
Merit: 503
January 22, 2017, 05:31:36 PM
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...
hero member
Activity: 1134
Merit: 517
January 22, 2017, 05:26:35 PM
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? 
full member
Activity: 224
Merit: 100
January 20, 2017, 10:57:30 PM
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.
hero member
Activity: 2856
Merit: 667
January 20, 2017, 10:55:39 PM
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.
hero member
Activity: 1204
Merit: 531
Metaverse 👾 Cyberweapons
January 20, 2017, 05:14:43 PM
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".
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
January 20, 2017, 11:05:25 AM
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.

legendary
Activity: 2170
Merit: 1427
January 20, 2017, 05:58:44 AM
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.
legendary
Activity: 1372
Merit: 1005
January 20, 2017, 05:56:22 AM
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.
sr. member
Activity: 756
Merit: 253
January 20, 2017, 05:41:58 AM
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.
legendary
Activity: 1092
Merit: 1000
January 20, 2017, 03:57:33 AM
CHINA




 Cool
hero member
Activity: 1092
Merit: 501
January 20, 2017, 03:29:11 AM
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.
legendary
Activity: 1302
Merit: 1018
Cashback 15%
January 20, 2017, 03:06:51 AM
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.
MMA
legendary
Activity: 1134
Merit: 1000
January 20, 2017, 01:37:51 AM
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.
sr. member
Activity: 462
Merit: 273
January 19, 2017, 09:00:44 PM
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/
hero member
Activity: 1204
Merit: 531
Metaverse 👾 Cyberweapons
January 19, 2017, 05:13:54 PM
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.
sr. member
Activity: 462
Merit: 250
January 19, 2017, 03:32:09 AM
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.
legendary
Activity: 3136
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
January 19, 2017, 12:30:11 AM
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.
sr. member
Activity: 714
Merit: 250
January 19, 2017, 12:10:03 AM
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.
member
Activity: 68
Merit: 10
January 19, 2017, 12:02:48 AM
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.
Pages:
Jump to: