Topic: Big businesses, corporations also influence the price of cryptocurrency market. (Read 279 times)

I do not know how you understood my idea, but what I meant is that the big whales can be responsible for some price movements, and it does not mean that they are the only ones responsible for that. When I say big whales, I mean those giant companies that own huge amounts of bitcoin or are able to buy huge amounts of money in record time. You can imagine what could happen. Those same whales can influence the price in other ways, including spreading panic and fake news.
There is no similarity between the big whale companies and the US government, but both can influence the price in a different way, and the government should not be called the big whale, just as it is not permissible to call the companies a "government".

Businesses that accept cryptocurrency on a large scale can affect the price of crypto, it brings volatility to the market because there is demand when the customer buy Bitcoin to pay for the merchandise and there is supply when the merchant decided to sell the bitcoins that they accept and the process repeats.  Even in an automated system, the moment there is a buy on the product of a merchant and uses Bitcoin as payment it bring demand to Bitcoin but of course, it cannot be felt if it is only on a small scale.

Demand and supply is the basic factor that will affect the price of bitcoin. Businesses can also affect the price but it will be in short term,because bitcoin price is fine even without the businesses accepting it as an alternative means of payment.

Halving,crashes of exchanges and the world economy will all affect bitcoin in short term. Bitcoin has survived so many of these,bitcoin repeats it movement pattern in every four  years,this shows that no matter the manipulation in the market,bitcoin will resist it.

Don't think it can influence a lot at all of this

I agree with this, remember the time that Elon announce that he holds some crypto in Twitter and then in an instant  many people invest after? and then he announce that tesla will accept bitcoin as well, many institutions attracted to bitcoin and then they invested to it, it happen last 2021 if I'm not mistaken influence people can make a certain coin like Doge to be hype in a certain period only but in marketing this will not last any longer it needs to have a continuous plan for it and yes the supply and demand has the biggest factor in the price of a certain token or coin as well.

Price influences, depending on the size of course, is not something that is permanent, which means that they could influence it for the period that news is relevant, but after a week or a month, it will become old news and the price will be whatever it wants to be.

There were times when a big company accepted bitcoin payments, which made it go up for like a week but that's it and nothing after that, and then the same exact company took that off, and it dropped for a week but that's it, nothing more. So, these do impact the price of bitcoin there is no lie there, but at the same time it doesn't do it for a long time, just a sudden flash change, then nothing else.

The cryptocurrency market is in a position that we do not need further adoption by companies to get people to check what BTCitcoin is all about, we are way past those thresholds and anyone in the financial sector is well aware of the cryptocurrency market. The main aspect that moves the price is always institutional investment and moving forward, institutional investors will determine the major price movement.

I believe in most notorious cases, speculators use businesses and companies to manipulate bitcoin's price. At least that was how Elon Musk used Tesla to boost bitcoin price, by introducing it as payment method for his cars, but removed the feature and badmouthed bitcoin right after, what triggered a crash right after on the market. The conclusion I take from that is: his goal has never been to adopt bitcoin as payment method. He simply wanted to make some fast profit prejudicing lots of investors.

The main factor that influences prices here is speculation on its essence, even if it comes camouflaged as payment method adoption by big companies...

Maybe it's true that businesses that accept crypto as payment can affect the price of crypto, especially now that many businesses are starting to do it. And business people have also realized that crypto can not only be an investment but can also be used as an alternative payment. But still, in this case, businesses will always look to the government for more information about how the government is doing with crypto. And if the law from the government says that crypto cannot be used as legal tender, businesses can't do anything either. Business people and their businesses can only comply with these regulations because they live in their country and are subject to applicable laws.

CEOs have more affect on Bitcoin price than businesses per se. If it weren't Elon Musk's crazy character and tweets, announcements alone that Tesla or x company accepts bitcoin wouldn't have a significant impact.

By the way, crypto is part of our daily life, it's part of this world and it's pretty massive. But the the problem is that it gets affected easily. For example, if not so well known exchange in any country gets hacked or something similar happens, it can affect the whole crypto industry and the result can be brutal, it's very sensitive.
At the moment, it can be affected by:
1. Very famous and influential people, like Elon Musk
2. By governments
3. By inability of exchanges to securely store assets. At the moment the only exchange that can seriously affect bitcoin's price is Binance.
4. By scam projects, I mean something as big as Bitconnect.
5. By bitcoin mixers and I mean, for example if Chipmixer scams all the people or it gets seized or something bad happens, it will definitely affect the price cause I assume it's volume is pretty big.
6. By purposefully and intensely giving it a bad reputation in mass media.

Cryptocurrencies like bitcoin will only become successful if they become mainstream and adopted by the normal world. This means it includes these big businesses too since they are usually the gateways to ordinary people like us. Businesses as well have to be innovative if they want to continue on top of their markets and last long. There are many businesses that are considering cryptocurrencies already and many of them are just waiting for the go signals from different governments since they need to follow its rules and regulations.

In general, it is the law of economics that when demand is high but stocks are low, prices will rise due to the intensity of demand.

Social media is the first place that provides a lot of information from negative and positive information, so social media is a platform that is currently very influential for crypto, but not only crypto, all platforms will also be affected. When some influential figures or people who have a lot of followers follow up on the coins they like, of course, it will be a trigger for the coin to rise and will affect crypto prices significantly, but it will not last long.

However, some social media users who have a lot of followers also need to be aware, there are some of them who only think about profit by inviting their followers to buy and enter certain crypto projects, even though these projects cannot be trusted and eventually scam.

Perhaps Elon Musk can be an example that he was very influential in the recent rise of DOGE. When he makes a status about DOGE on twitter, then DOGE will immediately pump and after that dump. like pump and dump practice. But not everyone who has money will be influential, only people who are considered important in crypto can make such things.

You also forgot to mention that social media will backfire and affect cryptocurrency prices in a negative way and will make the crypto market crash instantly, just like the FTX incident last year that was trending on social media, which then became a negative case that received attention from all crypto users.

It's a known fact! Elon did it couple of time where the market had taken positive turn. Warren Buffet and Jemie Dimon did it as well where the market went into negative mode. So yes, big corporations and influential people have influenced the crypto market quite a few times in the past.

However, the good part is that now the market is slowly becoming immune from such negative comments made by the influencers and corporates. The market dynamics are becoming matured with time.

I also think that availability of cryptocurrency in the market can also affect its price. When there's a high demand for crypto and it's not enough to give out to the public, price definitely will increase spontaneously.

Yes again the social medias, news platforms and other crypto base forums can affect its price. These days people tend to believe more on what they see on social media and this can influence their choices positively or negatively in buying cryptocurrency.


When new trends are released about a particular coin or crypto currency, and people's views, likes and comments are positive this trend begins to travel until it gets to its highest point which can be top investors or top ranked men in the world and if they like what they hear about such coin. They would want to know more and purchase such coin.

 At this point I can say that the social media has played a very powerful role which has affected the price of cryptocurrency in a positive way.

So are you saying that anything that can affect market prices are "whales"? With that logic, the US government is a bitcoin whale because they can affect bitcoin's prices due to regulations lol. That doesn't make any sense at all.

I am pleased with your words " short term". When Elon Musk announced in July last year that Telsa had sold almost 75% of its bitcoin holding, the market was affected slightly. But the price of bitcoin recovered after a few days.

Bitcoin is gradually becoming immune and independent from these manipulative forces. Currently,y people are becoming more enlightened about bitcoin and they don't care about most of these global business owners that hardly keep promises and can be used as manipulative tools by the government.

Pretty sure it will influence the price of crypto market for short term, but after all it will depends on the supply and demand of the crypto.

Don't be happy when the big businesses want to accept crypto payment, they can easily declare they will no longer to accept it because of the regulations because it was happen on many big businesses in the past. Even they're accept crypto payment, the buyers doesn't actually pay using crypto, although it just my assumptions due to many people tend to use Bitcoin as a store of value.

if a company accepts payments in crypto, it will definitely have an effect because of course many people will buy crypto, but in my opinion most of the crypto prices, ups and downs depend on the value of the community's economy, so if the community's economy is weak, of course, crypto prices will also fall.
but if the people's economy is good, of course the price of crypto will also have a good impact.

Of course that is a sure thing.  If big businessmen make maneuvers in the world of crypto currency, this will have an effect on the price of the cryptocurrency itself.  Because as we all know that the price of cryptocurrencies is influenced by market demand and it is certain that if large corporations and big business people enter the world of cryptocurrencies then I believe the price of cryptocurrencies will rise.

I think bitcoin enthusiast are done with Elon Musk and how he influence the price of bitcoin before. And we know that he has his narrative behind so I guess he has no longer that influential to us.

As for the factors that influence the price positively, definitely some good news to come, like let's say big companies like Amazon accepting it as means of payment. Or the US CPI data, which is a good hedge not just for crypto but for any other traditional financial markets. If the CPI data shows higher, then we all affected negatively. But when the numbers shows that inflation is cooling down, then the price might go and increase.