Topic: Is Bitcoin really driven by individuals? - page 4. (Read 2178 times)
In my opinion, I trust Bitcoin is driven by the general population where there is more interest for Bitcoin then all the more buying will be made in this way bringing about a positive effect on the Bitcoin impact. More individuals utilizing Bitcoin as exchange installments are useful for the course in the crypto advertise and could also make Bitcoin more dynamic and developing.
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.
no, bitcoin is influenced and regulated by several integrated communities in determining the value of bitcoin. as we saw in the retained bitcoin marketcap estimated at $ 6000 this proves that bitcoin has a fixed value setting
Bitcoin is designed for every one not only individuals but some companies can also use this for various operations and bitcoin is driven by individuals because they know where the market is moving and they buy and sell these which makes the demand and supply fluctuations and individuals are making transactions which is their power of participation in the crypto. Bitcoin market is influencing by it's users and the their behavior for crypto.
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?
This has been my sentiments for longtime about the manipulation that happning in crypto marketFor how many thread theres an accusations saying that market is manipulated and i have read one article that tackling US government are in this issue to bring behind bars those manipulators if proven
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?
As you can see, Bitcoin has a very high price tag compared to its initial price of $ 0.005. Individuals who decide their worth can reach present, and many individuals are trading Bitcoins and causing prices to go up or down, creating price volatility.
The fact that Bitcoin is decentralized makes it impossible to control it from one particular place. Therefore, we can say that every person is important for Bitcoin.
bitcoin can develop because of the many parties who have joined it. moreover until now many have been involved in bitcoin and as a result bitcoin is growing, but prices are currently experiencing a decline.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?
As you can see, Bitcoin has a very high price tag compared to its initial price of $ 0.005. Individuals who decide their worth can reach present, and many individuals are trading Bitcoins and causing prices to go up or down, creating price volatility. 
The reason why bitcoin having value is us,we are using the bitcoins for some purposes like for holding or ayong to someone but when we are buying the bitcoins it will make demand for that bitcoin because availability of bitcoin is limited tho so it driven by every indiviudals who is holding and buying or selling it if all the people stopped doing this then bitcoin will have no value.
The fact that Bitcoin is decentralized makes it impossible to control it from one particular place. Therefore, we can say that every person is important for Bitcoin.
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 is not being regulated by government or any institution but people are driven into it because of its nature. People can earn through it eventhough it is just like a gamble. People want to gamble because they are earning , for as log as you know how it works , you know that it is worth gambling for or rsiking your money.
The balance between the rate at which the supply and demand of bitcoin really appreciate the value of it in the background it dropss down to individuals who makes it value but to some extent people dont value its as individual behind it.
Yes that true. Most individual like big whales has the capacity to drive bitcoin price either to make it dump or pump the market price. Because big whales has enough capital to manipulate market fluctuation and they are capable of doing it.
But I do think that it's quite an organized movement. I mean, whales are not individual holders with tons of btc but closed communities of mighty people. With wash trading and other things happening today, it's not that hard to dump or pump any coin, including btc. The only difference is the amount of money you have to burn before taking profits.
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 guess the only fundamental thing is demand. The same thing drives dollar. Blockchain technologies is not tied to btc, so only demand regulates the price.
I think generally Bitcoin is mostly driven by pockets of investors who have a large stake in the market but also by individuals. Overall, its a combination of both, as these are the buyers of BTC.
You're right, the price of bitcoin depends on every individuals or the people who keeps their circle in the cryptocurrency community. The price depends on how people use it, or how people pay attention on manipulating their own coins. Every individual who are included in this community can drive the market price.
I believe that bitcoin is driven by some factors like supply and demand investors and its own developments. On its value, bitcoin is said to a nonzero value mostly because it possesses certain traits that make it a better payment system in select circumstances than any competing payment system. Bitcoin also creates value for the old investors and the new by splitting a finite currency supply more ways. This is a good example of supply and demand at work
Yes that true. Most individual like big whales has the capacity to drive bitcoin price either to make it dump or pump the market price. Because big whales has enough capital to manipulate market fluctuation and they are capable of doing it.
Despite some theories that Bitcoin is strongly influenced by some interest groups to my opinion individual users still have the biggest impact.
Also, we have whales who usualy hold very large amount of Bitcoins and no doubt they can influence the market but still usually this is exaggerated.
There is no conspiracy theory behind Bitcoin and it's not driven by some special group of individuals but each and every Bitcoin user has its own contribution that is valuable.
Thats right. Im also not deny that the price of bitcoin is also driven by several groups or even whales with large capital competed with them. but it's true what you say that. individual users have the most important role to drive bitcoin prices on the market. You know the total of bitcoin users in my country? currently reaching 2 million users. it can be seen from the number of registrants on my local exchange sites Also, we have whales who usualy hold very large amount of Bitcoins and no doubt they can influence the market but still usually this is exaggerated.
There is no conspiracy theory behind Bitcoin and it's not driven by some special group of individuals but each and every Bitcoin user has its own contribution that is valuable.
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?
Power comes with people not institute. Also, it is driven by the resistance towards the governments! Jump to: