Topic: Is Bitcoin really driven by individuals? - page 3. (Read 2178 times)
It can be! A lot of panic sellers who eventually support the bitcoin when it hits the lowest point of price. These panic sellers are the one who make the price dump. They tend to sell their shares at the lowest price because they are scared of their investment. In this kind of situation, individual reaction lead to a downfall or succession of Bitcoin.
I think that bitcoin is managed only by people and there is no specific person who can control the course but large investors can change the trend of the coin !
I don't believe the theory if bitcoin is driven by individuals, I am more confident and optimistic if bitcoin will experience an increase or decrease based on supply and demand. but if an individual has bitcoin in a large composition it might affect bitcoin but not in a big effect.
I think that yes, it is really driven by individuals, to my mind it is possible. I think that the high demand affects the price and btc is becoming more and more popular among my friends
it is really not driven by any individual organization or any institute so it is property.
You can say so, because bitcoin is sold, bought, developed and used by people. It is people who influence how actively it will be used and whether it will be applied as a currency at all. Therefore, we can say that bitcoin is controlled by people. But it's not one particular person or group. These are all people who somehow use this technology.
A lot of factors in their totality affect bitcoin. But we cannot say that it is controlled by a particular country, certain people, etc. Bitcoin is completely independent, and this is its main advantage.
I personally consider the price movement to be more influenced by people who have substantial funds, not by individuals, and in my opinion the price of bitcoin is able to move quickly or even slowly, it is caused by all users, especially large capital owners.
How much does gold? This is a simple piece of metal, but it is used somewhere, but there are many other more valuable metals. or how much is the money itself that is no longer tied to anything? Just nothing, just what people are willing to give for them
my opinion is people are tired off by banks and government so they want to be individual and make their process by own and don't want the third party involvement.
Bitcoin is designed for ever one and we can make money if we seriously work for it i like to use crypto for online payments and bitcoin is driven by individual it is true that people buy it and affects rise in bitcoin and some time supply high which is also done by individuals so bitcoin is the currency of individuals and market forces also affects the peoples by their behavior.
Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
no body can driven bitcoin self when other block need confirmed by the other one. Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
I don't think so. i think that bitcoin is really driven an group of big investors. they've already stayed with bitcoin for a long time and they know well about bitcoin and how to manipulate crypto world. Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
Well, as we all know that Bitcoin or cryptocurrencies in general are community driven assets that is why it is volatile I mean there is up and downtrends as it is used by investors, traders and enthusiasts arround the world on whatever they suppose to do with their fBitcoin funds. It's value depends on the performance of its holders either we are going to buy and sell in the market. What else do you think it will be? 
I don't believe in conspiracy theories. The price of Bitcoin can be influenced, but no one can fully control it. The price of Bitcoin is influenced by whales that have large capital, governments that can allow/ban Bitcoin in their countries, and certain market laws.
That's the point, no one can fully control the changes in the price of bitcoins, including the whales or other big players who have large capital. price changes are driven by many things and each individual user also influences the market
Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
It's a new asset class to store value that 3rd parties don't control? What ISN'T valuable about that?
The value others see in bitcoin changes over time, most likely increasing, if it does what it is supposed to do "store value"
The banks don't just let people do whatever they want with their money and the governments can't even let them allow that. It's political to that point, that technology can remove the need for massive oversight of everyone's financial dealing, to keep us "safe." Saving time and money for everyone with technology, it's perfect.
One major thing that affect the price of bitcoin is the amount of demand and also the amount of supply and this is brought about my traders and miners respectively. Bitcoin is not under any central bank authorization
Everything about Bitcoin is done by human, the price , mining and everything about it ,so the price is determine buy two or more individual who willing to buy or sell at a mutual rate and once the rate is agreed on then it hit the market as the current price .
Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?
From what i am read, bitcoin have a value because people trust on the network security and its impossible to double transaction. Fiat money have value because trust on government but the different between bitcoin and fiat money is bitcoin have limited supply and no authorities control the supply
yes bitcoin is driven by indiviaduals, though government does not want it because they dont have control over it. individuals fully understand the benefits and ideology behind bitcoin and the desire to use it for transactions is what drives bitcoin. bitcoin will only loose value if people decide its useless and stop using and accepting
Jump to: