This thread should not be created, the answer is very easy and the question is very simple. One click in google then problem solve. Maybe next time a thread that will be created is something worth discussing for.
Sure, but there's not that much to say about bitcoin so we like to rehash the same shit over and over again for our signature campaigns. If we googled everything we'd never make any money.
You can find full specter of opinions about virtually anything in Google. You can even find people who are earnestly believing that the Earth is flat and Elvis still alive (and a lot of similar bullshit). But would Google tell us that you have been "mining and buying [Bitcoin] for six years" and could potentially "move the price $100 alone" if you chose so? I mean apart from cashing Bitcointalk? In other words, do you consider yourself as a Bitcoin "controller", at least, to a certain degree?
Do you feel the power and magic?
Of course I am. So are you. Everyone that uses young technology controls it. If we, as a small group of users, decided to stop using Bitcoin tomorrow and sell out it would disappear. Collect up a small group of users with say 5000 coins each and get them to start dumping and the price would crash. A crashing price causes a panic and more selling.
Several studies of early mining showed that Satoshi premined over a million btc. If Satoshi really is one person and decided to create a better virtual currency he might want to move people away from Bitcoin first. He could even get the day traders to stop using Bitcoin. All he would have to do is start dumping coins and create a run on the price. Others would follow and start dumping. Every time the downward momentum slowed Satoshi jumps back in and starts dumping until it hits the bottom. Then he waits for a small recovery and dumps again. He has enough coins to do that dozens of times. Do that enough and traders will find a new toy to play with.
That's the big joke surrounding all the discussions of a government taking over mining to destroy Bitcoin. Why set up all that equipment and operate it when they could simply contact a few private owners, threaten them and buy huge stashes of Bitcoin off book. Then they follow the above procedure to keep the exchange rate dumped. Bitcoin has almost no real economy right now. Remove trading from the picture and Bitcoin will be valueless. Oh sure, there are a handful of people that would use it like trading cards. Hell, I'm sure their are a handful of people still using Commodore 64 consoles too but I don't think they're ever making a comeback.
So Satoshi Nakamoto controls Bitcoins anonimously. I don't know if it's true, but at some point, considering it's true, someone or a group of persons could have a bigger amount of Bitcoins than Satoshi and they can join themselves to do what they want with the BTC price. In the end, who has more coins will control Bitcoins, it happens in any place with anything with no regulamentations, without rules.
I'm not saying it's bad or not, it's an experience and we will see what happens in the future and take our own conclusions.
There are probably various groups that have influence over the price of Bitcoin, but what really controls it, is only supply and demand. Any influence that any company or state has is mainly because of the amount of Bitcoins that they have, or because of the large mining capacity they have. At this price, the price of Bitcoin can be manipulated, though. It's said that these days the Chinese have a lot of influence over the price.
If Bitcoin were to be owned and controlled by any group or state, many people would stop using it, and then they would perhaps start using other similar currencies.
