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Topic: Bitcoin price? Who is making it? (Read 7395 times)

hero member
Activity: 994
Merit: 502
August 14, 2016, 02:19:26 AM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
thats true, it shows that not a lot of people are willing to invest in their bitcoins and it is definitely not a good thing because it does not allow bitcoin to be adopted
If you mean invest then that would simply holding your bitcoin for a specific period and I don't think that would really help in the market circulation, on the other hand if we want some kind of adoption we all need to spend online to increase the circulation of bitcoins and not just hold it.
but that is sought by the holders of bitcoin to make the market circulation is inhibited so that the price can rise quickly.
As more people spend Bitcoin on more small transaction that will help shift mining from being all about minting to being about supporting the network, which it has to do eventually anyway since Bitcoins get made at slower rates over time. It also means that less Bitcoins get immediately sold since it gets diverted to pools.
hero member
Activity: 518
Merit: 500
August 13, 2016, 02:13:45 PM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
thats true, it shows that not a lot of people are willing to invest in their bitcoins and it is definitely not a good thing because it does not allow bitcoin to be adopted
If you mean invest then that would simply holding your bitcoin for a specific period and I don't think that would really help in the market circulation, on the other hand if we want some kind of adoption we all need to spend online to increase the circulation of bitcoins and not just hold it.
but that is sought by the holders of bitcoin to make the market circulation is inhibited so that the price can rise quickly.
full member
Activity: 236
Merit: 100
August 13, 2016, 04:34:15 AM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.

The bitcoin price has stablised over the last few days. After a few more days of consolidation, the price will rise further.
hero member
Activity: 952
Merit: 500
August 13, 2016, 04:32:32 AM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
thats true, it shows that not a lot of people are willing to invest in their bitcoins and it is definitely not a good thing because it does not allow bitcoin to be adopted
If you mean invest then that would simply holding your bitcoin for a specific period and I don't think that would really help in the market circulation, on the other hand if we want some kind of adoption we all need to spend online to increase the circulation of bitcoins and not just hold it.
sr. member
Activity: 504
Merit: 250
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August 13, 2016, 04:08:37 AM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
thats true, it shows that not a lot of people are willing to invest in their bitcoins and it is definitely not a good thing because it does not allow bitcoin to be adopted
member
Activity: 112
Merit: 10
August 13, 2016, 04:02:57 AM
bitcoin not only one people create price
bitcoin price run and work market demand and supply and issue news bad or good
i think capitalization and volume bitcoin is very high,you is control price market your must much money
full member
Activity: 191
Merit: 100
August 13, 2016, 03:16:07 AM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
thats true, right now i am buying and holding all my ethereum in order to make some money soon

I mine the Ethereum. I keep most of the Ethereum and trade that against the bitcoin. I will also hold some bitcoin.
full member
Activity: 154
Merit: 100
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August 12, 2016, 03:49:23 PM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
thats true, right now i am buying and holding all my ethereum in order to make some money soon
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
August 12, 2016, 03:20:47 PM
Wow, we should have never stopped teaching economics in school.    Cry
sr. member
Activity: 296
Merit: 250
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August 12, 2016, 11:12:29 AM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
yeah, people are still putting not enough money into bitcoins, because of that the price might be dropping really fast thankfully a lot of people still hold
hero member
Activity: 952
Merit: 500
August 12, 2016, 10:51:47 AM
Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)
thats true, bitcoin price is usually controlled by the people who have either a lot of fiat or a lot of bitcoins it is kinda bad thing because in this way it becomes centralized
It is like in a company where the stockholders with the huge number of stocks will normally control the company, in bitcoins the major holders or the whales can dictate the price when there is a big demand of bitcoin.
legendary
Activity: 1442
Merit: 1016
August 12, 2016, 07:57:10 AM
Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)
thats true, bitcoin price is usually controlled by the people who have either a lot of fiat or a lot of bitcoins it is kinda bad thing because in this way it becomes centralized

So then who you thinks controls all the other markets out there?
In each of those markets you have people who have shitload of money and therefore can control or have a big influence on it.
You will not find any market where this problem does not exist.Big players are everywhere!
But having an influence on the price doesn't not mean Bitcoin is centralized.These market makers ave no power and saying for instance to change the core protocol and therefore increase the number of bitcoins in terms of supply for instance.
Right now they can easily play with Bitcoin regarding the price, but they can not control it.That's a big big difference you should always keep in mind.
sr. member
Activity: 504
Merit: 250
August 12, 2016, 07:38:17 AM
Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)
thats true, bitcoin price is usually controlled by the people who have either a lot of fiat or a lot of bitcoins it is kinda bad thing because in this way it becomes centralized
hero member
Activity: 994
Merit: 502
August 12, 2016, 07:31:25 AM
Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)
though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

I think the reason for the recent drop of the bitcoin price is due to the rise of the Ethreum, investors are more interested in that.

The trading volume of the combined ETH+ETC is higher than the bitcoin at the moment. Ethereum is hot now.

The combined volume has reduced recently. but that is still higher than the bitcoin volume. So the Ethereum is a good trading tool.
you can mine some Ether for now but dont go out buy expensive as it has scarcity based speculative value. It has utilitarian value for the problems it solves by being a geo-politically agnostic currency and it can be traded for goods and services.
full member
Activity: 191
Merit: 100
August 11, 2016, 09:38:55 AM
Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)
though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

I think the reason for the recent drop of the bitcoin price is due to the rise of the Ethreum, investors are more interested in that.

The trading volume of the combined ETH+ETC is higher than the bitcoin at the moment. Ethereum is hot now.

The combined volume has reduced recently. but that is still higher than the bitcoin volume. So the Ethereum is a good trading tool.
newbie
Activity: 25
Merit: 0
August 11, 2016, 06:20:44 AM
Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)
though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

I think the reason for the recent drop of the bitcoin price is due to the rise of the Ethreum, investors are more interested in that.

The trading volume of the combined ETH+ETC is higher than the bitcoin at the moment. Ethereum is hot now.
full member
Activity: 210
Merit: 100
August 03, 2016, 04:48:52 PM
It seems that some whales are pushing the price down atm.
whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it
There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.
no it is wrong to say i do not  think so , i think the price fall down because there were some misunderstanding in the market which really made a panic in the market and people start selling bu hope that the situation going to be control very soon and the price of bitcoin will really come back to its original position and hope that people will again take interest in buying bitcoin.
hero member
Activity: 672
Merit: 500
August 03, 2016, 12:20:07 PM
How is it made the Bitcoin price?

How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?

Can someone explain ?
this is just my opinion.
Nothing can affect the price fluctuations bitcoin unless the user bitcoin bitcoin itself, if user make bitcoin price panic, like now , people will keep selling hios bitcoin, and if bitcoin people/user start investing his money, the price will be rise too.
hero member
Activity: 952
Merit: 500
August 02, 2016, 07:58:30 AM
As of now, the price is made by the supply and demand but as of this early phase of bitcoin the one who are in control are the whales in the market. They can manipulate the price anytime they wanted to do and we should not allow that to happen in the future and we have to do our part to help a massive adoption for the bitcoin.
newbie
Activity: 31
Merit: 0
August 02, 2016, 07:32:53 AM
Price is subjected to current demand ...you won't see anything significant till next year.
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