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Topic: wait, who owns the market? - page 2. (Read 2711 times)

member
Activity: 686
Merit: 15
October 13, 2019, 10:33:38 AM
#96
Nobody owns the market, and no one is incentiviting miners to mine bitcoin, they mine to get rewarded and that is how bitcoin is built. Anyone can be a miner if they have the requirement. Big monies are moving to bitcoin because it's more profitable than the stock market.
hero member
Activity: 2184
Merit: 531
October 13, 2019, 10:20:11 AM
#95
I also think that it is we who control the market. Every user has some influence over the price and it's like in society. You think you have no influence over democratic voting but it's because your voice is worth less than the voice of a social media influencer or a billionaire.

You have the power to influence the market but the power depends on the money that you have. Someone who has a million dollars will be able to do much more than you but you still have something to say.
sr. member
Activity: 432
Merit: 250
Febriyana Muhammad
October 13, 2019, 10:08:49 AM
#94
Who control the market is us.
But who own the market is exchanges. They give us facilitate to trade from me to you, but the prices is based deal between me and you. Simple.
That is why in crypto sometimes the price can really high or cheap, because based on deal of majority people.
I think different with stock market, there is still based deal.
But there is regulated, if price to pump or dump too fast in one day, the stock can get suspended.
full member
Activity: 1330
Merit: 248
October 13, 2019, 09:56:15 AM
#93
Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this—

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.
In my own opinion, bitcoin value control by us, especially who buys a huge amount of bitcoin and those who sell huge amount as well, because once we buy huge amount or many of us buy at the same time then the value of bitcoin will increase.
full member
Activity: 2184
Merit: 184
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October 13, 2019, 09:09:27 AM
#92
You owns the market and I own the market too, we all owns the cryptocurrency market together. For those who believed that some group of miscreants Owns the market should change their ways of thinking. If you, I, us, don't sell out our coins there will no market manipulation, even there will be no pump.and dump coins. We all together control the market because we owns the power together.
hero member
Activity: 1400
Merit: 571
October 13, 2019, 08:20:17 AM
#91
Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this—

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.

Nobody owns the market (because it is decentralized) but the ones we are trading in do have one. Exchanges are being manage by companies who gives an opportunity for us to buy and sell our coins. There is only one man who created all of this wonderful creation, and that is no other than Satoshi Nakamoto, if there is one who could control Bitcoin or maybe even the market, he is the guy suited for it.
copper member
Activity: 455
Merit: 0
October 12, 2019, 10:18:45 PM
#90
Nobody has a market because the market is based on demand and supply, but the pope can manipulate the market.
sr. member
Activity: 1022
Merit: 256
October 12, 2019, 08:55:48 PM
#89
Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this—

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.

Yes it's a free space, open source market and nobody owns it but for me someone is controlling it like the big exchanges and the big whales out there.

Once the big whales will start it's move, the price will skyrocket in just days or months then bull run will follow as the small investors will follow the flow also. So this is how I saw the market especially the bitcoin being controlled by influential people.



This is part of Bitcoin being a free market. Everyone has the opportunity to buy the amount he wants. As a result, there are already a few influential Bitcoin whales as compared to a market which is not monopolized by a few traders and investors. But since Bitcoin is open for all, no restrictions, no owners except those who bought it, no regulations from within, no limit, and no anything, we can say that the rich will be expected to dominate.

That is the disadvantage of a free market, the rich few can exploit.
hero member
Activity: 1932
Merit: 506
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October 12, 2019, 08:47:14 PM
#88
Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this—

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.

Yes it's a free space, open source market and nobody owns it but for me someone is controlling it like the big exchanges and the big whales out there.

Once the big whales will start it's move, the price will skyrocket in just days or months then bull run will follow as the small investors will follow the flow also. So this is how I saw the market especially the bitcoin being controlled by influential people.

hero member
Activity: 952
Merit: 513
October 12, 2019, 08:11:12 PM
#87
In every market, there are what we so-called whales. Whales are the one who manipulates the price so basically they have control over how the asset/coin is moving in terms of price. When a certain asset or currency is being traded it is sure that there are a team of rich persons who are controlling it, nothing in this world is not getting controlled Smiley
They might be able to manipulate the prices and change things as they wish, and often are able to cause dumps, but since it's still decentralized they aren't able to fully control the market.

Bitcoin is too high volume for a single whale or even a group of them to be able to manipulate prices - this was probably possible a couple years back when Bitcoin was sub 1000 but luckily we've escaped that possiblity.
sr. member
Activity: 1344
Merit: 270
October 12, 2019, 08:07:11 PM
#86
Who manage and control about altcoin in exchange is our self, supply and demand is most important in control how altcoin price higher and lower, when many investor buy and will get higher price or an altcoin, but when many investor sell altcoin price in exchange market will be down, the owner of altcoin just listing on exchange market but price is depend on seller and buyer.
sr. member
Activity: 896
Merit: 268
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October 12, 2019, 06:12:07 AM
#85
I think when we talk about the market as a whole, there is no one that is owning or controlling it. Again, bitcoin is decentralized and no one has an absolute control on it. But when we talk about someone who has a great influence on the market, then that's a different issue because the government, some powerful personalities, and the likes are influencing the market.
sr. member
Activity: 2366
Merit: 305
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October 12, 2019, 06:08:36 AM
#84
In every market, there are what we so-called whales. Whales are the one who manipulates the price so basically they have control over how the asset/coin is moving in terms of price. When a certain asset or currency is being traded it is sure that there are a team of rich persons who are controlling it, nothing in this world is not getting controlled Smiley
Just to make it clear that the whales are only those who are manipulating the market price but they are not the owner on this. They can spread negative news that can destroy the image of the crypto and weak people begun to panic selling. Nobody knows who are the owners of the market and it should not have an owner. Even the founder of these cryptocurrencies has not had the power to own the entire market. The accurate answer is no one who has the owner of the market.
hero member
Activity: 1162
Merit: 547
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October 12, 2019, 06:00:40 AM
#83
In every market, there are what we so-called whales. Whales are the one who manipulates the price so basically they have control over how the asset/coin is moving in terms of price. When a certain asset or currency is being traded it is sure that there are a team of rich persons who are controlling it, nothing in this world is not getting controlled Smiley

If you claim that whales manipulate price and control the market than Bitcoin is not decentralized and independent. Those two claims are opposite with each other.
To my opinion whales is given far more influence than they actually have so I still believe that Bitcoin is decentralized and not under any systematic influence.
Decentralization lies in the core of Bitcoin's technology. Because of this no single person can influence the transactions or edit the block of a blockchain.

But the price of any commodity being traded has no correlation to whether it is decentralized or not, it all comes down to supply and demand. Whales do have some power to cause slight change in price, but News or FUD has a much greater impact because it influences a large number of people to sell/buy at the same time.
legendary
Activity: 2912
Merit: 1068
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October 12, 2019, 05:53:02 AM
#82
In every market, there are what we so-called whales. Whales are the one who manipulates the price so basically they have control over how the asset/coin is moving in terms of price. When a certain asset or currency is being traded it is sure that there are a team of rich persons who are controlling it, nothing in this world is not getting controlled Smiley

If you claim that whales manipulate price and control the market than Bitcoin is not decentralized and independent. Those two claims are opposite with each other.
To my opinion whales is given far more influence than they actually have so I still beleive that Bitcoin is decentralized and not under any systematic influence.
sr. member
Activity: 644
Merit: 264
Aurox
October 12, 2019, 05:41:14 AM
#81
Nobody owns bitcoins since it is decentralized. But to say that bitcoin is free from manipulation is just a hopeless belief. The bitcoin open market is vulnerable to manipulation especially from elites and giant bag holders we called whales. Those who have huge capital who are into bitcoin is playing the trades and sometimes rides the flow of the news creating domino effect on the market. At the end those weak holders have became food for the whales in the market.

sr. member
Activity: 1484
Merit: 276
October 12, 2019, 05:19:06 AM
#80
In every market, there are what we so-called whales. Whales are the one who manipulates the price so basically they have control over how the asset/coin is moving in terms of price. When a certain asset or currency is being traded it is sure that there are a team of rich persons who are controlling it, nothing in this world is not getting controlled Smiley
hero member
Activity: 2562
Merit: 586
October 12, 2019, 05:00:24 AM
#79
If you are looking for that factor that is controlling the  cryptocurrency market, I think that you should look no more, just take a look at me and take a look at yourself, we are the ones controlling the market of cryptocurrency which is an open place that satoshi has created and left for you and I to have dominion over.

Which means we have the ability to control our funds, and we also have the ability to decide the value of the coin, and I think this is what some of these big whales have seen that has made them to start using their own fund to really control the market?Another tool that we use to control the market is speculation which I think should not be the main thing but supply and demand of cryptocurrency should be the main tool of control for the market.
hero member
Activity: 952
Merit: 513
October 08, 2019, 06:29:46 PM
#78
But does anyone control it?
Depends what do you mean by control it, there are instances and it could happen again, where a whale has so much BTC that they could just instantly dump it all and prices would drop slightly.

How are Bitcoins created?
Via people mining blocks. A limited supply of 21 million, so it can't be controlled there.

Who is incentivised to create Bitcoin?
Satoshi wanted to break away from the finance industry, just a great man's creation.
hero member
Activity: 1484
Merit: 535
October 08, 2019, 06:23:54 PM
#77
Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?


The crypto market is not own by anyone but the market value of all the coins are mostly controlled by people with large amount of a particular coin since they can depict the trading price. The decentralized nature of the crypto netwwork and platforms makes it impossible for a central authority to own cryptocurrency and the  rate at which a particular coin is in circulation.... 
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