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    Thread: Controllers of BitCoin

    1. 11-05-2018, 05:41 AM #1 Collapse post
      PALM
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      Controllers of BitCoin

      "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."

      Like if a person owns a lots of bitcoins then he is alone can control the market vs USD. If that's what it means then how can it be secure? It is nothing more than a software and we can never know its market movements fundamentally. Anytime Bitcoin vs USD market can be a scam right?

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    3. 11-06-2018, 03:27 AM #2 Collapse post
      AbdulShiek
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      From what I've heard, Bitcoin is controlled by a community which consists of software developers, Bitcoin miners and traders and those who hold the currency.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    5. 11-07-2018, 03:28 AM #3 Collapse post
      Newbie_trader
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      Quote Originally Posted by AbdulShiek View Post
      From what I've heard, Bitcoin is controlled by a community which consists of software developers, Bitcoin miners and traders and those who hold the currency.
      You are right. It is entirely controlled by them.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    6. 11-06-2018, 04:44 AM #4 Collapse post
      darexgeorgieviya04
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      I remember when the Ethereum dropped its price from $319 to 10 cents in a matter of seconds because I think someone sold a huge volume. Bitcoin has no fundamental values and its price is being driven by pure speculation only. Its price will keep on rising because it's one of the best thing that happen in modern technology.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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