Quote from: upsidedown75 on June 01, 2016, 06:13:03 PM

Quote from: jdmorgan on June 01, 2016, 03:49:18 PM

No one. Bitcoin is a decentralized network, every one control bitcoin.

Maybe you should try to search some basic information about bitcoin Wink

That's the idea. Bitcoin is a decentralized network and everyone controls bitcoin. But is it absolutely true?

From what I know, the chinese miners are able to control the price of bitcoins whenever they want because they own a high amount of percentage of bitcoins and if they decide to dump, well, you know what's going to happen and if they decide to pump, well, pump it is!

Yeah bitcoin is decentralize and no one controlling it and maybe that is what satoshi nakamoto want no government,no taxes and no corruption happening in bitcoin since it was not link or hold by any goverment institution, but actually we individuals can manipulate the bitcoins price if we have big volume of btc in our pocket and i think thats bad because if some big investors will dump there coin well be affected because price might get down if they dump some big amount of it.