Topic: Who controls the Bitcoins? - page 12. (Read 46445 times)
you might don't know... i'm an administrator of Bitcoin network.
Bitcoin is a decentralized currency and it was found by satoshi mainly for that purpose. But today what happens is, since china is mining large number of bitcoins in the world, chinese hold the majority of bitcoins. To some extent, they are able to control the price of bitcoin. Two weeks before, we saw a huge pump in bitcoin price from $750 to $1150 followed by a huge dump to $850. It happened due to panic selling by the chinese due to action taken by PBOC. So unfortunately, at present, china controls the price of bitcoin to some extent.
I was going to say because of the decentralized nature of bitcoin, no one actually should be able to control it, but that I think is in an ideal world, where things work the way they are meant to. Events of couple of weeks shows that the surge and drop in price of about 40% came as a result of ongoing Chinese regulatory developments. I don't know how else to say it, but Bitcoin and its price is now in the mercy of the Chinese. It has been their scheming to have a global reserve currency and it is looking like they are about to have one in Bitcoin. I hope the rest of the world should wake from their slumber, this isn't a palatable news!http://www.coindesk.com/bitcoin-price-fluctuations-calmed-chinese-regulatory-suspense/
Bitcoin is a decentralized currency and it was found by satoshi mainly for that purpose. But today what happens is, since china is mining large number of bitcoins in the world, chinese hold the majority of bitcoins. To some extent, they are able to control the price of bitcoin. Two weeks before, we saw a huge pump in bitcoin price from $750 to $1150 followed by a huge dump to $850. It happened due to panic selling by the chinese due to action taken by PBOC. So unfortunately, at present, china controls the price of bitcoin to some extent.
No one controls bitcoin, but in technical sense, bitcoin has 1 or 2 secret keys (private keys) that when possessed can disturb the bitcoin network seriously. These keys are controlled by the core dev of the bitcoin.
Who says bitcoin can not control? Take a look at the facts now, whether the price of the bitcoin happens is natural? It seems not, it is clear that there is a controlling price bitcoin, I recommend to never hold bitcoin in the long run, when prices peaked and in a few moments dwindled, there are clear because there are control it.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 userNo company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.
Another thing is that these traders get supplied with insider information. Take as an example the "hack" of Bitfinex.
Before the "hack" was publicly announced, there were suspicious dumps from a large magnitude in the days prior to them finally coming out.
It all shows to me that certain people, where I am sure the exchange operators are one of, have made multi millions in selling and buying back. And then I don't even mention the stolen coins.
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 company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.
No one controls bitcoin, but in technical sense, bitcoin has 1 or 2 secret keys (private keys) that when possessed can disturb the bitcoin network seriously. These keys are controlled by the core dev of the bitcoin.
Who says bitcoin can not control? Take a look at the facts now, whether the price of the bitcoin happens is natural? It seems not, it is clear that there is a controlling price bitcoin, I recommend to never hold bitcoin in the long run, when prices peaked and in a few moments dwindled, there are clear because there are control it. Bitcoin is decentralized, so basically no one control Bitcoin, but the network.
do a search on google, and you will find more information
do a search on google, and you will find more information
Bitcoin network don't have any owner also the same as bitcoin itself. Bitcoin network is a network which compose of people who are using bitcoin, of course this network compose of, buyers, investors and normal bitcoin users like those people who are earning bitcoins as a living. Because if bitcoin and bitcoin network have someone who owns it, I think it vanished a long time ago because of the problem that can't handle by the owner, well, just my opinion.
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.Who controls the course of Bitcoin?
If by "users" you mean Chinese, then I agree.
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/
Could you please tell me, if everyone can create bitcoins with hardware is there any danger of serious inflation?
I think when you use the computer to mine bitcoin, then your computer may be burned by working very hard, it ever happened. if using a tool like antminer, maybe it's not too heavy I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.
Hehe, I think this is the most correct answers. Who controls the bitcoin? Of course we are, the owner of the bitcoin. Because so far, if we have a bitcoin then there is nothing anyone can manage it without any consent from us. Thank you
That's right. Bitcoin users control bitcoin. The demand for bitcoin controls bitcoin mostly. The price is growing now, that means there are many people who are buying bitcoins now while the price is not so high.
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.Who controls the course of Bitcoin?
If by "users" you mean Chinese, then I agree.
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.
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?
Who controls the course of Bitcoin?
Do you want the "politically correct" answer or the stone-cold truth?
~~
No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.
You were controlling the bitcoin, which mean just spending or acquiring it(your privacy) and that's not meaning anything for the bitcoin network. It's not about bitcoin but it's about the network of bitcoin.
So, your can't spend your bitcoin if someone else was controlling it.
refusing your validate.
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.
No company or country controll it, some guys has a lot of bitcoins, but at the end i and you controll it.
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.Who controls the course of Bitcoin?
If by "users" you mean Chinese, then I agree.
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.Who controls the course of Bitcoin?
I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.
Hehe, I think this is the most correct answers. Who controls the bitcoin? Of course we are, the owner of the bitcoin. Because so far, if we have a bitcoin then there is nothing anyone can manage it without any consent from us. Thank you
Could you please tell me, if everyone can create bitcoins with hardware is there any danger of serious inflation?
It depends on the level of demand that is going through the market at that time. If the demand is quite on the higher side as is the case right now, then the freshly minted coins won't have much of an impact on the market. But if you think logically, if the demand is low, and the same number of coins get minted, then eventually it will have a negative impact on the market. If you look back in 2015, then with the 25BTC block rewards there was a period of months where there was more supply than actual demand, which resulted in the price moving in ranges far below the $300 level. But if you look further to what has to come in the coming years, then the block halvings will make sure that the level of inflation will be reduced to very low levels. Especially when you take the growing demand into consideration.
I've got this one everybody. Everyone controls Bitcoin. You control it. I control it. My ten year old son and 11 year old niece control it.
i agree with you that we control the bitcoin and you are right that everyone control the bitcoin because adoption of bitcoin and using of bitcoin is very important for bitcoin we know that bitcoin adopting and using of bitcoin is very successful. Jump to: