whether anyone controls bitcoin

[Zaino34 0]

We know my friend that whales can control the price by pumping large amounts of currency, and the supply and demand for the currency has a big role in determining its price, so we find that only one person can control the currency individually

[BrolySSJ 7899]

No. Bitcoin is decentralized meaning that it is not controlled by one person, group or organization. Instead the price is fluctuating purely based on the supply and demand of the coin. So if the demand is high the price rises and with a low demand the price will fall. That is how it works with bitcoin price and that is why many prefer it to conventional investment, and that is also why many are skeptical on it.

[Rezort 846]

Currently bitcoin is not controlled by some single organization or country but I think that this may happen in the future just because of the trend that is being held right now.

[Virgil dijk 1431]

It's certain that no one controls bitcoin, , bitcoin is decentralized and is being controlled by no one, it stands on its own and it's price depends on demand or supply to rise or fall.

[Calvinpriva 17296]

Am not sure but i think those who owns exchanges are controlling bitcoin somehow in some percents. There are many exchanges sites but all of them has their own prices, they can control your trades to receive some of amount when you will make exchange from a coin to coin.

[Mohssine 1725]

No the technology witch bitcoin work with is a open source technology , this technology name is blockchain , so the market how control the price of bitcoin , and is mean all of us controlling it , this why many people trust bitcoin , and this why bitcoin price is very high.

[Zues 1069]

On 5/5/2020 at 3:04 PM, Rezort said:

Currently bitcoin is not controlled by some single organization or country but I think that this may happen in the future just because of the trend that is being held right now.

Yes I think that there is someone that can check bitcoin and other cryptocurrencies but I think that there are no significant persons that controls bitcoin and other cryptocurrencies because I think that cryptocurrency is free from controls. 

[Zalaks007 543]

I don't think anyone controls bitcoin because it is a decentralized currency which means it cannot be controlled by anyone but some people believe that wailers did control the volatility of the crypto market.

[korazon 589]

Just now, Musa aliyu said:

No one has control on the price of bitcoin, but all of us combined are the ones that control the price of bitcoin and other coins we are the ones that buy it or sell it which results to an effect on the market to either rise or fall. So we control it not an organisation.

It may just be what is it but the fact that there are some people and organizations that own thousands to a million BTC that can affect the price when dumping, they may be able to manipulate the price and thus the market. 

 

Just recently the price breaks 10,100 but drops to 9500 in less than a day. When prices reacts this way, the investors will try to sell as well making them look vulnerable to price manipulation and in result, they lose of hold their BTC.

 

[Naylor89 1223]

No one controls the Bitcoin network but manipulation in terms of price movement is a different story. The who controls bitcoin price are the one who has holding of huge bitcoin on their wallet. we can add up also some other people that is well known on crypto space and they can make a pump or dump because of their actions or opinions. We as small players are only able to follow the flow and just get the best that we can out of this game.

[Sruthi246 59]

I don't know if Bitcoin is controlled by anyone. Bitcoin is one of the most popular and successful crypto currency which can be managed in different ways. Yes, but it can be estimated that the amount of it is going on in the country and abroad.

[Michael456 1]

as far as I know none controls bitcoin it works on supply and demand model but sometimes whales plays very important role in bitcoin pump and dump they have huge amount of bitcoin they can pump and dump the price of bitcoin

[Samiya45 27]

 Idon't think so  Bitcoin is a crypto where the black chain application is involved Which keeps it more secure The problem is that there are whales that control the market And can flow .

[P A Ashif 2409]

In my knowledge we together controls Bitcoin. Generally the price up and down depends on the market. And we are the ones who are trading in market. So directly or indirectly it depends on us only. There is no head for Bitcoin.  In fact we don't who exactly is Satoshi nakamoto.

[estee369 489]

This questions is like who control the technology behind email. The answer is no one. Bitcoin is controlled by its users from all over the world. Dev can not change anything from the protocol because every user is free to use whatever version they wants to use. Its a decentralized network.

[gourav789 2834]

their isn't any perosn or Robert behind who control price of bitcoin and any other Crypto currency  . there are several factors behind it , like it's trading volume , it's demand and exchanges where coin is list etc , are some factor who effects price of any specific coin .

[sarahmoses202020 251]

BTC is decentralized it is not been control by anybody, not even by the government authority it was created by satoshi nakamoto

[hasan007 206]

I don't think so, no one controlling the system. The  great part of crypto is that decentralized, and also non-government. If you worried about who is responsible for the price controlling, than i want to clear that people's demand are responsible for this.