wait, who owns the market? - page 3.

funkenstein

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Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

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.

Bitcoin is not a market, it is a single asset. You need another asset to indicate a trade and hence a market. If your other asset is the USD, then of course the USD issuers can have the largest control of this market, being able to take as many bitcoins as they like at any time, in the time honored method of fiat practitioners since Kublai Khan. Other than that, every participant in a market has some control, some via influence to market logistics, others via their influence with market makers, others via their control of some of the assets themselves.

kooboat

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BountyMarketCap

Wondering who owns the market at this time? Crypto market is a free world and holders of a particular coin makes decisions that suit them and their lifestyle. No need to worry about ownership, this is a decentralized industry your only hope as an ordinary stakeholder of the ecosystem is to hope that the majority of holders makes the right decisions for the benefit of all.

jets567

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Quote from: felicita on June 09, 2019, 04:17:30 PM

in the end the Bitcoin market is controlled from the btc whales .
Same on the fiat market the riches control the market Wink

regards

Sad story but it's the truth since we have a decentralized market anyone can own BTC and this whales has entered the market who has the power to make big impact on Bitcoin price, let's just hope that they won't do it intentionally since they are already rich Grin

gaston castano

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this is decentralized where everyone has the right to own bitcoin, but there is no rule on how much amount must be had, this makes the view of who has the most money he will rule.

bhabygrim

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For me I think we could consider the whales as the one who controls the market.
Just look at most of the past events when the whale moves the market would surely follow.
People tend to follow what the whales would do so they are the one's who is controlling it.
We have seen the market crash down because a whale dumps it share and after that the market rise up when they bought it back again.

nankers

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Bounty Hunter Indonesia

no one can control bitcoin or market. even someone who has the most bitcoin in the market won't be able to. because the characteristics of bitcoin and the market are freedom where everyone is free to sell or buy. and I think it is this free nature that makes bitcoin and the market untenable. but please remember, the most bitcoin owners in the bitcoin market can manipulate bitcoin prices not for bitcoin itself

qwertyup23

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Bitcoin was created by Satoshi Nakamoto and he set a maximum limit of only 21 million coins in the internet. Currently, there are 17.3 million bitcoins in circulation in the market. Due to its limited number of supply, the price of bitcoin can be considered as inflationary as the price increases when the demand increases.

Unfortunately, there are no other means of increasing the maximum set limit as only its creator- Satoshi Nakamoto, has control of everything.

The control of the market stems from the person/organization who owns majority of its supply in the market. They have control and can potentially manipulate the market by playing the law of demand and supply.

Lucas*

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No one own the market! The BITCOIN is a decentralized cryptocurrency that no one can control it, it's based in blockchain system and the person who discover it is Satoshi Nakamoto. You can earn BITCOIN with mining or with buying it.

Klausi

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Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

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?

A bitcoin---blockchain don't have any authority that is been in control of it since it was been created in 2009.

Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

Ask yourself this—
How are Bitcoins created?

Satoshi Nakamoto created bitcoin. Bitcoin is being created with the decentralized process called mining. Miners are the one who mines bitcoin and get rewarded on every blocks and algorithm that they will processed.

Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

Who is incentivised to create Bitcoin?

Satoshi Nakamoto is a he or a group of people who incentivized the creation of bitcoin itself

Anonylz

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btc may be an open source and all that but those who owns a larger share of it can influence the market with the amount of coins they hodl and this is how they control the market, it may not be direct control but indirectly controlling the market with their large share, we can already see how the market react when a whale decide to sell a huge amount of btc, it usually affect the price.

Arsenyo

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It already looks like some sort of conspiracy theory. No one controls the market. Of course, there are so-called "whales", countries, its government and their laws, too many factors that influence the market, but there is no total control.

jarhed

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Quote from: Youghoor on October 04, 2019, 09:16:26 PM

Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

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?

In as much that no one owns or controls bitcoin, the market is controlled by people with huge amount of Bitcoin. The decentralized nature of the bitcoin ecosystem makes the Bitcoin market to be owned by people with a lot of bitcoin for trading. These people determine the market value of bitcoin. If you have more bitcoin, you control the market.

But you also need to understand that many financial instruments, such as Bitcoin futures, have been created. I think that most transactions on the market do not physically belong to Bitcoin. I just want to highlight the significant impact of exchanges and trading platforms on the cryptocurrency market.

Youghoor

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Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

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?

In as much that no one owns or controls bitcoin, the market is controlled by people with huge amount of Bitcoin. The decentralized nature of the bitcoin ecosystem makes the Bitcoin market to be owned by people with a lot of bitcoin for trading. These people determine the market value of bitcoin. If you have more bitcoin, you control the market.

Eugenar

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Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

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 opinion about who owns the market, nobody owns the market, but it seems like there's an entity that can control the market value of some cryptocurrency. Meaning to say that it is very important to know that, all of us is contributing to the development of the market prices, if we have a huge influence, and investment, we can consider our selves to be someone that has a great impact on how the market will behave. Let's take for example, if a cryptocurrency enthusiast creates hype, allot of person will follow, same goes with him buying or selling huge amount of crypto.

Lalafell

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Quote from: tiedcoin on June 09, 2019, 09:24:51 AM

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.

The price of Bitcoin is not the same as its value. Price is determined by the market in which it trades: by means of supply and demand. This is the same way the price of your secondhand car, a bag of apples in the supermarket, an ounce of gold and just about everything else is determined. Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies, and the exchanges it trades on.

ubay

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Quote from: Upgrade00 on June 09, 2019, 01:58:05 PM

Quote from: oseikuf44 on June 09, 2019, 01:50:36 PM

Either whales or pump, none can manipulate the market.

Wrong! The Bitcoin market can be manipulated, if you follow this thread closely you'd have gotten hint of how it is done. The Bitcoin network is decentralized, but there is need for centralized industries like exchanges, to make it mainstream.

Your reaction to market manipulation and ability to read and interpret charts would largely determine your success as a trader or investor.

Oh yeah, can you explain how someone or the market manipulates the price of bitcoin? Give reasons in detail, do not assume if there is no evidence.

d_fitrie

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Markets are not managed by individuals, groups, popes or others because it takes millions of dollars to increase or decrease market prices, markets are managed in general based on supply and demand when the transaction works

tungaqhd

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Everyone who can buy and sell cryptocurrency own the market but in fact, it belongs to shark who own many coins.

Cryptotissue

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From personal observations and some years in the crypto space, the Bitcoin market is basically owned by people with a huge amount of bitcoin. They decide the price of bitcoin at any point in time since they either increase the supply or decrease the amount of bitcoin in circulation. In as much that everyone can buy Bitcoin, people with a huge amount of it are the ones who own the bitcoin ecosystem..

adzino

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No one owns the market. This is a free market were the buyers and the sellers decide the price. But unfortunately, this market can be controlled by the whales. The whales can manipulate the market anytime they want. Basically, someone holding a huge amount of coins (exchanges are also included here) can partially control the market according to their own will. But then again, it becomes risky for them to manipulate the market since other whales may take the advantage of the manipulation.

Topic: wait, who owns the market? - page 3. (Read 2711 times)