Who controls the Bitcoins? - page 36.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Zenixin on September 01, 2016, 04:37:44 AM

Quote from: 1Referee on August 27, 2016, 02:25:53 PM

Quote from: lionheart78 on August 27, 2016, 02:10:28 PM

Quote from: bitdumper on August 27, 2016, 01:37:16 PM

Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address

I agree on this. Every one can control bitcoin to the extent on what is in their wallet address. When it comes to price manipulation, whales or bigholders have advantage on crashing bitcoin price but they will never have the power to manipulate it to upward trend since it needs a huge funding to do so.

The price being manipulated to the upper side is mostly done in groups of whales buying all together. It's not that one person is buying up the price to such a level where you can say it is a pump. That's what a lot people think.

The whales can only manipulate the price of bitcoin for the short term, maybe a few weeks. The bitcoin price is determined by the usage.

The entire market has been ruled by whales with iron fist from the very beginning. This will never change. So far usage has never been a real price mover.

pakitz

newbie

Activity: 28

Merit: 0

its decentralized so no one is controlling it.,

Indrawan77

hero member

Activity: 1274

Merit: 516

I think nobody is controlling the price, the one that control bitcoin is all of the bitcoin user, the faster the transaction the more stable the price become, it can become a currency because its being used and trusted become the currency transaction

Bostonias

newbie

Activity: 97

Merit: 0

Quote from: tulipbubble on September 01, 2016, 04:59:37 AM

Quote from: lionheart78 on August 27, 2016, 02:10:28 PM

Quote from: bitdumper on August 27, 2016, 01:37:16 PM

Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address

I agree on this. Every one can control bitcoin to the extent on what is in their wallet address. When it comes to price manipulation, whales or bigholders have advantage on crashing bitcoin price but they will never have the power to manipulate it to upward trend since it needs a huge funding to do so.

No one can control bitcoin because bitcoin is decentralized, but the price of bitcoin can be easily manipulated by whales

That is right. It is controlled by the rich people who have a lot of money in the bitcoin and its mining operation.

tulipbubble

member

Activity: 87

Merit: 10

Quote from: lionheart78 on August 27, 2016, 02:10:28 PM

Quote from: bitdumper on August 27, 2016, 01:37:16 PM

Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address

I agree on this. Every one can control bitcoin to the extent on what is in their wallet address. When it comes to price manipulation, whales or bigholders have advantage on crashing bitcoin price but they will never have the power to manipulate it to upward trend since it needs a huge funding to do so.

No one can control bitcoin because bitcoin is decentralized, but the price of bitcoin can be easily manipulated by whales

Zenixin

jr. member

Activity: 132

Merit: 2

MR06Q8ZM3194

Quote from: 1Referee on August 27, 2016, 02:25:53 PM

Quote from: lionheart78 on August 27, 2016, 02:10:28 PM

Quote from: bitdumper on August 27, 2016, 01:37:16 PM

Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address

I agree on this. Every one can control bitcoin to the extent on what is in their wallet address. When it comes to price manipulation, whales or bigholders have advantage on crashing bitcoin price but they will never have the power to manipulate it to upward trend since it needs a huge funding to do so.

The price being manipulated to the upper side is mostly done in groups of whales buying all together. It's not that one person is buying up the price to such a level where you can say it is a pump. That's what a lot people think.

The whales can only manipulate the price of bitcoin for the short term, maybe a few weeks. The bitcoin price is determined by the usage.

CroSany

full member

Activity: 196

Merit: 100

Bitcoin is controlling a mafia,banks,powerful corpoations and gowrements and because of that they are so many scammers in bitcoin world so it is better to find some crpytocurrency with normal owners.

katrimans

hero member

Activity: 882

Merit: 500

Quote from: agamasrori on August 27, 2016, 07:56:52 AM

No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.

That's the good side of bitcoin. It is decentralized and everyone can get their hands on all the bitcoins available on the active network.
However, it has it's own downside as well since those who have high enough bitcoins/volume can influence the value of bitcoin on it's own accord, whether they dump or pump it.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: lionheart78 on August 27, 2016, 02:10:28 PM

Quote from: bitdumper on August 27, 2016, 01:37:16 PM

Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address

I agree on this. Every one can control bitcoin to the extent on what is in their wallet address. When it comes to price manipulation, whales or bigholders have advantage on crashing bitcoin price but they will never have the power to manipulate it to upward trend since it needs a huge funding to do so.

The price being manipulated to the upper side is mostly done in groups of whales buying all together. It's not that one person is buying up the price to such a level where you can say it is a pump. That's what a lot people think.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: bitdumper on August 27, 2016, 01:37:16 PM

Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address

I agree on this. Every one can control bitcoin to the extent on what is in their wallet address. When it comes to price manipulation, whales or bigholders have advantage on crashing bitcoin price but they will never have the power to manipulate it to upward trend since it needs a huge funding to do so.

bitdumper

sr. member

Activity: 266

Merit: 250

One world One currency, Bitcoin.

Satoshi nakamoto made all the programming and launched it on 2009 he made the whole system open source so anyone can use it freely .to store your bitcoin you need . Wallet and a matter is made up of a private key and public key.so if you have a private key then you are the ultimate owner of a specific bitcoin address and all the balance inthat address

socks435

legendary

Activity: 2030

Merit: 1030

Privacy is always important

Quote from: goinmerry on August 27, 2016, 12:31:21 PM

Quote from: lexuz on August 27, 2016, 12:21:24 PM

Quote from: Sidas_Crew669 on August 27, 2016, 12:09:18 PM

Quote from: agamasrori on August 27, 2016, 07:56:52 AM

No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.

Very timely, indeed to the problems of the system or Admin. Bitcoin did not provide such access to everyone including the makers of the bitcoin himself (satoshi Nakamoto). So bitcoin is a currency which is very safe and are rarely exposed to cheat or anything else. except for chat that is not visible or did not need to be answered

Exactly, bitcoin are safe to use but a lot of bad news which says that bitcoin is not safe, that in fact it was not safe because all the fault of bitcoin user who has been hack because the fault of his own.

Whatever they say that is bad is really the good ones. That is the government talking through and it wont do you good, that is only for them. They want to fight everything that can make you out of control.

For me the fact is outside in this forum bitcoin is not safe because if you go in the site where you can get stuff or something like that bitcoin has no buyers protection anytime you can be scam outside in this forum.. unlike here in our forum that we can use escrow to deal someone..
If signature campaign will be gone our accounts will be no price or its priceless even lending section will affect about this. they can deal to other anytime and scam even you are using escrow thats why they are balance they need those signature campaign so that our account has a value and we can use it in loan..
About for control its just like the same they are balancing it they are planning how government will go in bitcoin.. it takes a long time before we can use bitcoin in every country. how they can get benefits for bitcoin.. or how they will corrupt..

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: lexuz on August 27, 2016, 12:21:24 PM

Quote from: Sidas_Crew669 on August 27, 2016, 12:09:18 PM

Quote from: agamasrori on August 27, 2016, 07:56:52 AM

No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.

Very timely, indeed to the problems of the system or Admin. Bitcoin did not provide such access to everyone including the makers of the bitcoin himself (satoshi Nakamoto). So bitcoin is a currency which is very safe and are rarely exposed to cheat or anything else. except for chat that is not visible or did not need to be answered

Exactly, bitcoin are safe to use but a lot of bad news which says that bitcoin is not safe, that in fact it was not safe because all the fault of bitcoin user who has been hack because the fault of his own.

Whatever they say that is bad is really the good ones. That is the government talking through and it wont do you good, that is only for them. They want to fight everything that can make you out of control.

lexuz

hero member

Activity: 714

Merit: 500

Me, myself and I

Quote from: Sidas_Crew669 on August 27, 2016, 12:09:18 PM

Quote from: agamasrori on August 27, 2016, 07:56:52 AM

No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.

Very timely, indeed to the problems of the system or Admin. Bitcoin did not provide such access to everyone including the makers of the bitcoin himself (satoshi Nakamoto). So bitcoin is a currency which is very safe and are rarely exposed to cheat or anything else. except for chat that is not visible or did not need to be answered

Exactly, bitcoin are safe to use but a lot of bad news which says that bitcoin is not safe, that in fact it was not safe because all the fault of bitcoin user who has been hack because the fault of his own.

Sidas_Crew669

sr. member

Activity: 532

Merit: 250

Quote from: agamasrori on August 27, 2016, 07:56:52 AM

No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.

Very timely, indeed to the problems of the system or Admin. Bitcoin did not provide such access to everyone including the makers of the bitcoin himself (satoshi Nakamoto). So bitcoin is a currency which is very safe and are rarely exposed to cheat or anything else. except for chat that is not visible or did not need to be answered

agamasrori

sr. member

Activity: 364

Merit: 250

No one can control bitcoin. There is nothing official about bitcoin. But exception everyone can control they're own bitcoin. Bitcoin are created algorithm defined by software which people running on their computers.

xuan87

legendary

Activity: 1666

Merit: 1001

there are no specific person or company is controlling bitcoin, bitcoin is decentralized, its mean all of the bitcoin user is the one that control bitcoin, bitcoin is based on supply and demand to be alive, and because now a lot of people already know bitcoin and bitcoin has gain popularity, so some people start to use bitcoin as their transaction

hieu81

sr. member

Activity: 518

Merit: 250

I think, Everyone that has than zero BTC for an address that can control these specific bitcoin.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: Tanic on August 05, 2016, 06:54:58 AM

Bit coin was created by Satoshi Nakamoto, but no one knows is that really person or not. This person or group of people created the first protocol about such crypto currency as bitcoin and made first version of the program in which the protocol where realized. That the short story of bitcoin's beginning, more information you can search on the net. And what about the course of bitcoin - it depends from many factors and we are the most strong from it, cause it depends from how actively we buy or sell bitcoins.

You never really answered the question. You just gave an introduction about who started/invented bitcoins.
The thing is, nobody really controls bitcoin since it is decentralized in nature but that is it's very own weakness as well since those who have the most amount/volume(exchangers) have the highest influence to the value of bitcoin.

pereira4

legendary

Activity: 1610

Merit: 1183

Supply and demand is the only control of the price, and the market is now big enough that it is really difficult to manipulate. Of course, when big "hacks" like what we saw with Bitfinex happen, we see massive sellouts and that depends on one or a small group of people. Hopefully in the future we can find a way to replace centralized exchanges because this can't keep going on forever.

Topic: Who controls the Bitcoins? - page 36. (Read 46426 times)