Who controls the Bitcoins? - page 11.

philiveyjr

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Quote from: shinratensei_ on January 18, 2017, 06:33:05 PM

Quote from: dhampir-D on January 18, 2017, 06:17:54 PM

Quote from: markyminer on January 16, 2017, 03:54:50 PM

Quote from: Pattart on January 16, 2017, 04:40:49 AM

Quote from: ifightformerkel on January 15, 2017, 05:33:05 PM

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. They do have some control over it but it is not major and they obviously wouldn't want their investment to collapse. So they wouldn't take any adverse steps regarding it.

Bitcoin0916

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I'm sure there are people or groups who could control bitcoin, it is very obvious that the price after rising as high then drop to 30℅ within 5 days. just like stock prices, that the majority owner could intervene and speculation. They are people or groups in China.

shinratensei_

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Quote from: dhampir-D on January 18, 2017, 06:17:54 PM

Quote from: markyminer on January 16, 2017, 03:54:50 PM

Quote from: Pattart on January 16, 2017, 04:40:49 AM

Quote from: ifightformerkel on January 15, 2017, 05:33:05 PM

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.

dhampir-D

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Quote from: markyminer on January 16, 2017, 03:54:50 PM

Quote from: Pattart on January 16, 2017, 04:40:49 AM

Quote from: ifightformerkel on January 15, 2017, 05:33:05 PM

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.

mornabo

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Quote from: modsa26 on January 18, 2017, 05:30:59 PM

Quote from: Holly-Dolly on January 12, 2017, 02:13:44 PM

Quote from: modsa26 on January 12, 2017, 02:01:51 PM

Everbody say "Bitcoin is decentralized money.It is advantages etc. But in fact, I think it isn't advantages It might turn easily to disadvantages because The world is circulate

Everybody cant use Exchanges same time. It is historical experience of Money. This is another reason why people didnt using same money. It might be manupilate easily. I know it is traditional idea but on the one hand It is true

This is true. But why are still talking about bitcoin bank, which in the future can take on all management issues bitcoin. This violates the basic rule of confidentiality.

I'm totally agree with you. It wont be able to. and also it's not purpose of bitcoin. In my opinion, Bitcoin is beyond the cryptocurreny also It's also thought. My answer for this idea "Bitcoin is completely free." Im saying "It is too early for say that."

I think although bitcoin bank will be present that will not make you be exposed. It is therefore up to you to use it or not. once again with bitcoin you're free to use anything

modsa26

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Quote from: Holly-Dolly on January 12, 2017, 02:13:44 PM

Quote from: modsa26 on January 12, 2017, 02:01:51 PM

Everbody say "Bitcoin is decentralized money.It is advantages etc. But in fact, I think it isn't advantages It might turn easily to disadvantages because The world is circulate

Everybody cant use Exchanges same time. It is historical experience of Money. This is another reason why people didnt using same money. It might be manupilate easily. I know it is traditional idea but on the one hand It is true

This is true. But why are still talking about bitcoin bank, which in the future can take on all management issues bitcoin. This violates the basic rule of confidentiality.

I'm totally agree with you. It wont be able to. and also it's not purpose of bitcoin. In my opinion, Bitcoin is beyond the cryptocurreny also It's also thought. My answer for this idea "Bitcoin is completely free." Im saying "It is too early for say that."

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Quote from: QuestionAuthority on January 16, 2017, 12:15:03 AM

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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?

Everyone in this world control the bitcoin , User who had bitcoin from their bitcoin wallet and also those traders who buy and sell into market, and Iknow in USA has the biggest population who uses bitcoin also china and those friendly countries who had billions of users.

yes anyone who has the amount of bitcoins in their wallets is his property and he is controlling that amount of bitcoin, but not a single country a single person or a group of people can control the whole bitcoin.

It would not make much sense to say that Bitcoin is a decentralized currency if there were only one entity, or a small group of people, in control of the network. What makes Bitcoin to have the value it has today is the fact that users have the possibility of being the only people controlling their own money, and this is only possible in a decentralized network.

If by "users" you mean Chinese, then I agree.

We cannot avoid that fact isnt' it? Chinese is the largest bitcoin holder
They have the largest bitcoin mining farm around the world , a lot of support and they did it since bitcoin firat time come up
Can you imagine how much bitcoin they hold so far?
The sure thing is they can actually play with market and pump/dump as they wish.

You're right, they can. Take a look.

http://bitcoincharts.com/markets/

Pretty contrast , more than enough to prove who actually playing the market here
Decentralized mean nothing if they do so
Wish there more super power countries have same situation like what chinese done
To take bitcoin seriously and create a fair market that fully uncontrolled.

cramcram21

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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?

I think all of the user of bitcoin gives it contribution to it,
I mean we are the reason why the price always change,
stocks and demand that's what they usually say.

SONG GEET

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Quote from: MFahad on January 18, 2017, 10:17:00 AM

The price of bitcoins can be controlled or i say manipulated if one community has large amount of bitcoin and currently china is the one who is holding major share of bitcoins.

It is true that bitcoin price may get manipulated by bitcoin whales but i don't think china hold majority of bitcoin. The high trading volume on chinese exchanges are just due to their 0 trading fee, chinese are buying bitcoin from local exchanges and selling them quickly in international market to convert their yuan to USD.

MFahad

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Quote from: Pattart on January 16, 2017, 04:40:49 AM

Quote from: ifightformerkel on January 15, 2017, 05:33:05 PM

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

No one controls the bitcoins. Its Government free and country free Digital currency. The price of bitcoins can be controlled or i say manipulated if one community has large amount of bitcoin and currently china is the one who is holding major share of bitcoins.

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Quote from: meemiinii on January 18, 2017, 09:52:16 AM

Quote from: Amph on February 09, 2016, 04:42:19 AM

there is no control, that's the beauty of bitcoin, well one can argue that merchants and miners control bitcoin, but that is still the best decentralization you can ever get

yes sir. i agree with you and most of the comments here. no one is really in control in bitcoins.the one who controls it is the one who holds it. as long as we have bitcoins, then we are in control of it. to make it short, no one or no single or particular person, or authority who controls it rather, we all have the chance to control because of decentralization.

Yes most of bitcoin users or people here are saying the same thing on which bitcoin cant be controlled but regarding on manipulating on price movement i could say it is possible or huge bag holders of bitcoin because they can affect anytime the price rate specially to those whales.

meemiinii

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Quote from: Amph on February 09, 2016, 04:42:19 AM

there is no control, that's the beauty of bitcoin, well one can argue that merchants and miners control bitcoin, but that is still the best decentralization you can ever get

yes sir. i agree with you and most of the comments here. no one is really in control in bitcoins.the one who controls it is the one who holds it. as long as we have bitcoins, then we are in control of it. to make it short, no one or no single or particular person, or authority who controls it rather, we all have the chance to control because of decentralization.

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Quote from: GMPoison on January 18, 2017, 08:56:59 AM

Quote from: Xenophoto on January 18, 2017, 08:45:33 AM

Quote from: GMPoison on January 17, 2017, 11:30:56 AM

Quote from: Gromozeka! on January 16, 2017, 04:05:48 PM

Quote from: SamMurphy on January 16, 2017, 12:06:56 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?

Like I keep telling everyone, influence does not equal control.

Wait.. What? I always thought that influence has a strong correlation with control. As a matter of fact, influence and control are even synonyms. (See: http://www.dictionary.com/browse/influence) If you can influence someone, then of course you can control him since you can affect him. Just like China, maybe they are not 100% in control but compared to all of us, we're legit nothing. If they start dumping their coins, wouldn't we be affected? Just the simple dump that has happened last week is the proof of this. Do you believe that it's only the China that has been selling at that time? Panic sellers are selling too.

In terms of bitcoin when asking "who controls the bitcoins" like OP did, China can have an influence on it's price, but in no way does that give them control of bitcoin entirely. I don't want people to get confused when the title says "who controls bitcoin" and everyone says China. China doesn't "own" or "control" bitcoin, but yes they do influence bitcoins's price if the price of bitcoin is how you want to define control

For most people this is six of one and half a dozen of the other

I don't think there are many people who don't care for Bitcoin price altogether. These are most certainly early miners who didn't spend any money on bitcoins and just mined them on the order of thousands. All other people (i.e. those who bought bitcoins with their hard-earned cash) and they seem to make up the total majority of Bitcoin users today do care for Bitcoin price, and for them the capability to send price to the floor ("influence" it, in your speak) pretty much comes down to control over Bitcoin

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Quote from: Xenophoto on January 18, 2017, 08:45:33 AM

Quote from: GMPoison on January 17, 2017, 11:30:56 AM

Quote from: Gromozeka! on January 16, 2017, 04:05:48 PM

Quote from: SamMurphy on January 16, 2017, 12:06:56 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?

Like I keep telling everyone, influence does not equal control.

Wait.. What? I always thought that influence has a strong correlation with control. As a matter of fact, influence and control are even synonyms. (See: http://www.dictionary.com/browse/influence) If you can influence someone, then of course you can control him since you can affect him. Just like China, maybe they are not 100% in control but compared to all of us, we're legit nothing. If they start dumping their coins, wouldn't we be affected? Just the simple dump that has happened last week is the proof of this. Do you believe that it's only the China that has been selling at that time? Panic sellers are selling too.

In terms of bitcoin when asking "who controls the bitcoins" like OP did, China can have an influence on it's price, but in no way does that give them control of bitcoin entirely. I don't want people to get confused when the title says "who controls bitcoin" and everyone says China. China doesn't "own" or "control" bitcoin, but yes they do influence bitcoins's price if the price of bitcoin is how you want to define control.

Xenophoto

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Quote from: GMPoison on January 17, 2017, 11:30:56 AM

Quote from: Gromozeka! on January 16, 2017, 04:05:48 PM

Quote from: SamMurphy on January 16, 2017, 12:06:56 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?

Like I keep telling everyone, influence does not equal control.

Wait.. What? I always thought that influence has a strong correlation with control. As a matter of fact, influence and control are even synonyms. (See: http://www.dictionary.com/browse/influence) If you can influence someone, then of course you can control him since you can affect him. Just like China, maybe they are not 100% in control but compared to all of us, we're legit nothing. If they start dumping their coins, wouldn't we be affected? Just the simple dump that has happened last week is the proof of this. Do you believe that it's only the China that has been selling at that time? Panic sellers are selling too.

GMPoison

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Quote from: Gromozeka! on January 16, 2017, 04:05:48 PM

Quote from: SamMurphy on January 16, 2017, 12:06:56 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?

Like I keep telling everyone, influence does not equal control.

Gromozeka!

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Quote from: SamMurphy on January 16, 2017, 12:06:56 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?

Viviyang

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Quote from: markyminer on January 16, 2017, 03:54:50 PM

Quote from: Pattart on January 16, 2017, 04:40:49 AM

Quote from: ifightformerkel on January 15, 2017, 05:33:05 PM

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.

Ya it is true that no one can control the bitcoin other then miners, but still i think even if anyone is holding 1%of the supply in market can cause a lot of fluctuation in price of bitcoins like if some one sell little bit high like bitcoins in market and that panic will affect the day traders and weak hand and in a minute you will see next 2 or 5 % of the market falls automatically so fluctuation causing is not a big work.

markyminer

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Quote from: Pattart on January 16, 2017, 04:40:49 AM

Quote from: ifightformerkel on January 15, 2017, 05:33:05 PM

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.

SamMurphy

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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.

Topic: Who controls the Bitcoins? - page 11. (Read 46445 times)