What power does Traders have on the Bitcoin price ? - page 2.

onrise

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Quote from: nethead on June 12, 2017, 11:56:47 PM

For now traders are the determinants of bitcoin pricing and the forces of demand and supply are the tools in their hand. The market capitalization of bitcoin which stood at over $41b today are sign that bitcoin is not control by individuals, governments and nations.

Certainly no one control the btc prices. But as a country if we would have to say then it will be China. So majorly if they bring a transformation changes overnight in their bitcoin policies then certainly the prices will get impacted in a very big way, Else generally the price may not be significantly impacted as such even if bunch of people may come together and try to buy/sell or create a short term demand supply gap.

jennywhzz

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Bitcoin, and alt coins in general, has easily the largest percentage of unreported lost monies. There is a vast number of wallets that cannot be retrieved with BTC in them and that amount is still part of the overall circulation.

nethead

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For now traders are the determinants of bitcoin pricing and the forces of demand and supply are the tools in their hand. The market capitalization of bitcoin which stood at over $41b today are sign that bitcoin is not control by individuals, governments and nations.

ocid

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In all trades that determine the price is the trader itself where the number of requests and offers received so that the price provisions can only be done by all trades.

ktabb

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Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Hi here !

So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.

My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?

I'm waiting for your toughts Grin

Bitcoin price is controlled by small, retail investors, which is harmful to it as a currency. It means that the price is driven by mob mentality and the market is very inefficient (the price and intrinsic value rarely match). So the answer to your question is yes, regular every day bitcoin investors like the people on this forum do affect the price. They don't affect it individually, but together they do.

However, for bitcoin to grow as a currency, it needs its price to be controlled by institutional investors instead (such as hedge funds, banks, etc). I discuss why in a post here if you are interested: http://demoinvestor.com/articles/00000001

Omega Weapon

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Quote from: buenav on June 08, 2017, 10:26:42 AM

Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Or they are simply slave of the system like every one of us ?

I think traders are just sheep like the rest of us following the general trends and hoping to get rich quick, there are too many whales for them to be able to realistically collude enough to affect the price substantially.

While many traders try to follow the trends the truth is there are many traders that are anti trends, they try to time the market and see when the trend seems to be about to change, when this happens they short bitcoin, obviously the problem with that strategy is if they time it wrong then they can lose a lot of money if a big bull run follows.

deisik

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Quote from: radamiel on June 09, 2017, 01:19:45 AM

Quote from: AltcoinAuthority on June 08, 2017, 07:46:29 PM

Quote from: Sharma on June 01, 2017, 03:50:59 PM

Btc price may not be controlled by traders anymore but there is no denial that some exchanges do manipulate it heavily.We in india always have to pay a higher price than international market because of manipulation of some exchange and wallets

I think that the price of Bitcoin is much more easier to manipulate in the 3rd world countries and other countries other than the main ones that are more lenient on Bitcoin exchanges because there is not much Bitcoins being put on the order books. I usually see Bitcoin having a high price in the India region and I don’t really know why someone would pay so much for that when they could just use LocalBitcoins.

True, if the market capitalization is small, people with lots of bitcoin can control the bitcoin price, but globally it is not possible. I think the issue is the main reason for the bitcoin price drivers

It is still possible but it simply doesn't make sense

There are quite a few multimillionaires sticking around the world and looking for sources of reliable income. What they are looking for is nowhere near hundreds of percentages annually (many would be quite happy with 20% that Warren Buffett has been making for decades), but the price of the question is in the billions of dollars. Bitcoin is simply not ready to swallow and devour this amount of money. If that much money gets poured into Bitcoin within short time, it would wreak total chaos at markets

radamiel

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Quote from: AltcoinAuthority on June 08, 2017, 07:46:29 PM

Quote from: Sharma on June 01, 2017, 03:50:59 PM

Btc price may not be controlled by traders anymore but there is no denial that some exchanges do manipulate it heavily.We in india always have to pay a higher price than international market because of manipulation of some exchange and wallets

I think that the price of Bitcoin is much more easier to manipulate in the 3rd world countries and other countries other than the main ones that are more lenient on Bitcoin exchanges because there is not much Bitcoins being put on the order books. I usually see Bitcoin having a high price in the India region and I don’t really know why someone would pay so much for that when they could just use LocalBitcoins.

True, if the market capitalization is small, people with lots of bitcoin can control the bitcoin price, but globally it is not possible. I think the issue is the main reason for the bitcoin price drivers

AltcoinAuthority

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Quote from: Sharma on June 01, 2017, 03:50:59 PM

Btc price may not be controlled by traders anymore but there is no denial that some exchanges do manipulate it heavily.We in india always have to pay a higher price than international market because of manipulation of some exchange and wallets

I think that the price of Bitcoin is much more easier to manipulate in the 3rd world countries and other countries other than the main ones that are more lenient on Bitcoin exchanges because there is not much Bitcoins being put on the order books. I usually see Bitcoin having a high price in the India region and I don’t really know why someone would pay so much for that when they could just use LocalBitcoins.

buenav

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Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Or they are simply slave of the system like every one of us ?

I think traders are just sheep like the rest of us following the general trends and hoping to get rich quick, there are too many whales for them to be able to realistically collude enough to affect the price substantially.

BitcoinPC

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Quote from: Schuyler on June 07, 2017, 10:08:49 PM

Pumps and dumps are caused by some whales who like to play games at the expense of the small investors. But as more and more dive in and start to invest, these whales become less powerful because of the distributed buying capacity. Moreso, if institutional investors hop on board, the market cap would be too big for several big players to really influence or dictate the price behavior. The more investors there are, the less volatility on the price is to be expected.

On the public surface, the majority of the market holdings appear to be exchange controlled, putting them in the same place that banks appear in the FIAT markets, as "holder" of most of the funds, but "controlling investment" of a much lesser amount. There are many deceiving points in the crypto market, starting with Bitcoin that are very tiny things in the FIAT currency arena.

Schuyler

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Pumps and dumps are caused by some whales who like to play games at the expense of the small investors. But as more and more dive in and start to invest, these whales become less powerful because of the distributed buying capacity. Moreso, if institutional investors hop on board, the market cap would be too big for several big players to really influence or dictate the price behavior. The more investors there are, the less volatility on the price is to be expected.

iamTom123

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In any kind of market, the traders has a certain power to influence the movement of a currency or a commodity. I am sure of that but how the traders in general will behave when faced with many factors can sometimes be hard to predict because they are humans too and not robots.

The question is: Can they influence the price of Bitcoin considering that compared to fiat money the volume here is not yet that so big? I think the answer is really yes but this situation is getting dimmer as Bitcoin can be growing bigger when new markets would be opened soon.

Omega Weapon

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Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Hi here !

So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.

My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?

I'm waiting for your toughts Grin

They are both, they are masters and slaves, they are masters because they hold so many coins that it is easy for them to manipulate the market especially if they collude with other whales, but they are also slaves because unless they were rich beforehand then that means they are rich in bitcoin and if the price crashes then they lose most of their net worth.

mamaya

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Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Hi here !

So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.

My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?

I'm waiting for your toughts Grin

Well that is why volatility goes down with higher marketcap, but there is also a herd mentality which is what causes bubbles and major crashes. When everyone sees the price going up they FOMO and put more money in, and when it crashes they panic sell. I think day to day traders will have less of an impact but during big events they will all act together.

aardvark15

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Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Hi here !

So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.

My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?

I'm waiting for your toughts Grin

Traders with large amounts of Bitcoin can manipulate the price especially if several whales work together. Of course as Bitcoin becomes spread among more smaller investors and traders, this manipulation will become harder to accomplish and there will most likely be less volatility in the price.

Qunenin

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Quote from: krisnt80 on June 05, 2017, 07:42:56 AM

Traders has a small power over crypto, the big miners are the one wish has huge power to manipulate the market as well some big exchanges are able to make it happen, the thing is there is opportunities always for all that take the risk, traders power maybe around 5-10% considering whales.

The market capital is there, but it is harder to track than the stock market because once the FIAT line is crossed it falls into another system of finance, plus there are some groups that have a good amount of market leverage, but they are not public in their assets and remain mostly quiet and anonymous to a large degree.

djgtr

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The power that trader has is the exchanging of coins which turns their coin into btc value and became their holdings. If they could generate a bigger amount of bitcoin from sold token, it will be an opportunity for them to hold for long term investments and in the future it will be sold again for another profitable income. Traders has helped a lot of holdings particular at investments of different crypto currencies and buying is always involved when every coins was exchanged to bitcoin.

Yuhee

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Quote from: fanbeila on June 06, 2017, 10:08:57 PM

Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Hi here !

So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.

My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?

I'm waiting for your toughts Grin

Bitcoin market is entirely different from altcoin market.Altcoins have small market cap and so it is easily manipulated by big whales.But bitcoin market has big market cap and it has investors world wide.Even the chinese could not manipulate bitcoin price as earlier.So its hard to take control over bitcoin price.

Agreed but in there own little ways traders then manipulate there investments depending on the timing to when would they sell it and when to buy. Probably there are also traders that invest in altcoins and yave at least a good profit because how trader can make a living. Finding things in low prices and sell it to the highest stockmarket.

fanbeila

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Quote from: CosmicVibe on May 26, 2017, 06:43:00 AM

Hi here !

So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.

My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?

I'm waiting for your toughts Grin

Bitcoin market is entirely different from altcoin market.Altcoins have small market cap and so it is easily manipulated by big whales.But bitcoin market has big market cap and it has investors world wide.Even the chinese could not manipulate bitcoin price as earlier.So its hard to take control over bitcoin price.

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