Account profile: site2017

Quote from: site2017 on February 21, 2018, 06:28:01 PM

Cryptocurrencies are volatile by nature. They are not as stable as currencies that have had centuries to develop. Bitcoin is the oldest coin on the market, and it has only been around since 2009. Nevertheless, there are a number of things that can affect cryptocurrencies:

Regulation. If a government makes a statement or pushes for a particular regulation that affects cryptocurrencies, you can bet that the price will react to it (sometimes positively, often negatively). When China banned ICOs, the price of Ethereum fell by 41% in 15 days (from$386.83/ETH to $228.06).
Media influence. Just like government regulation, exposure in the media greatly affects a cryptocurrencys price. Whenever a public figure makes a statement regarding cryptocurrencies or a major retailer starts accepting cryptocurrency as a form of payment, you will see the market respond.
Changes to the technology. When a cryptocurrencys core technology is affected (either via an update or the finding of a flaw), the cryptocurrencys price is also affected.
In conclusion
Trading cryptocurrencies works almost exactly the same as trading fiat currencies, and it will benefit you greatly to learn the theory behind trading currencies. While profits are never guaranteed when trading, you can take steps to protect yourself from heavy losses and to improve your understanding of how markets move.

Cryptocurrency trading can be profitable, but only if you play your cards right. Unfortunately, cramming everything youll need to know about trading into this beginners guide is impossible, but hopefully you now know enough to get you started on this exciting adventure.

Archived: https://archive.fo/HvhSB

Original article:

Quote

What affects the price of a cryptocurrency?

Cryptocurrencies are volatile by nature. They are not as stable as currencies that have had centuries to develop. Bitcoin is the oldest coin on the market, and it has only been around since 2009. Nevertheless, there are a number of things that can affect cryptocurrencies:

Regulation. If a government makes a statement or pushes for a particular regulation that affects cryptocurrencies, you can bet that the price will react to it (sometimes positively, often negatively). When China banned ICOs, the price of Ethereum fell by 41% in 15 days (from US$386.83/ETH to US$228.06).
Media influence. Just like government regulation, exposure in the media greatly affects a cryptocurrencys price. Whenever a public figure makes a statement regarding cryptocurrencies or a major retailer starts accepting cryptocurrency as a form of payment, you will see the market respond.
Changes to the technology. When a cryptocurrencys core technology is affected (either via an update or the finding of a flaw), the cryptocurrencys price is also affected.

In conclusion

Trading cryptocurrencies works almost exactly the same as trading fiat currencies, and it will benefit you greatly to learn the theory behind trading currencies. While profits are never guaranteed when trading, you can take steps to protect yourself from heavy losses and to improve your understanding of how markets move.

EDIT:

Account profile: PauloLuks

Quote from: PauloLuks on March 13, 2018, 04:37:10 AM

According to Bitcoin.org, nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Archived: https://archive.fo/5P33o

He cited the website where his answer's from, however he just copied the whole text:

Quote

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Link here: https://bitcoin.org/en/faq

With the same issue from the same site (bitcoin.org) but did not have any citation:

Account profile: Tisubasha

Quote from: Tisubasha on March 13, 2018, 05:26:13 AM

Bitcoin is controlled by all its users worldwide. Developers can indeed improve Bitcoin software, but they can not enforce changes in the Bitcoin protocol because all users are free to choose the software and version they want to use. In order to remain compatible with each other, all users need to use software that follows the same rules. Bitcoin works only when there is full consensus among all users.

Archived: https://archive.fo/xedWG#25%

Quote

Then... who controls Bitcoin?
Bitcoin is controlled by all Bitcoin users around the world. Developers are improving the software but they can't force a change in the rules of the Bitcoin protocol because all users are free to choose what software they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work decently with a complete consensus between all users. Therefore, all users and developers have strong incentives to adopt and protect this consensus.

Link here: https://bitcoin.org/en/about-us

Account profile: Hannana01

Quote from: Hannana01 on March 15, 2018, 04:20:07 AM

I am not sure but I think, technically its controlled by the community. What is the community? Consists of developers,miners, traders, those who hold currency.

1. Developers: You can find the Bitcoin source code here - bitcoin/bitcoin - it says there are 376 contributors, which you can see here - contributors - and you can make your own contributions / adjustments (they may or may not get approved)
2. Bitcoin miners: These people have bought the hardware / pay for the electricity to make the transactions and the network function.
3. Bitcoin traders: Large stake holders who move the markets in certain ways by altering liquidity.
4. Bitcoin holders: Those who are not necessarily in the trading realm, but have been buying and holding the currency.

Archived: https://archive.fo/qYfSw#50%

Direct copied from here:

Quote

Who Controls Bitcoin Price?
Technically its controlled by the community. What is the community?

Consists of developers / miners / traders / those who hold currency

So what influences bitcoin direction / updates then? (part of this Vladislav mentioned)

1.Developers: You can find the Bitcoin source code here bitcoin/bitcoin it says there are 376 contributors, which you can see here contributors and you can make your own contributions / adjustments (they may or may not get approved)
2.Bitcoin miners: These people have bought the hardware / pay for the electricity to make the transactions and the network function.
3.Bitcoin traders: Large stake holders who move the markets in certain ways by altering liquidity.
4.Bitcoin holders: Those who are not necessarily in the trading realm, but have been buying and holding the currency (thus removing tokens from circulation / the ecosystem)