Topic: What power does Traders have on the Bitcoin price ? - page 3. (Read 2345 times)
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 price of bitcoin is not depending in the traders because the price can changed in the matter of seconds because of the real amount of investors and also the real demand in the market while in traders they are just taking advantage of the demands and also the fast growing price so they can easily make money faster than the investors.
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
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
I might sound pessimistic but we cannot remove the element of some people controlling bitcoin away from the direction of prices swinging in both direction. The reason is that sometimes you just wonder why there is either increase or decrease in the price of bitcoin without any explanation or any news to support that. The capitalization is still low that an individual or group of individuals holding 1/4th that amount can control things in their own direction which to me its achievable considering there is no regulation against such in the case of bitcoin. 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
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
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
I think that (new) people are buying bitcoins and this lowers the chances of others to manipulate the price as it will be harder but not impossible. Early adopters have the ability to manipulate easier the price and the traders yes have the power to increase or decrease the price, I have seen many traders or a group of traders how bump or pump the price in altcoins exchanges with hundreds of bitcoins which worth a lot.
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
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
Whether early adopters or not, who have big amount of bitcoin and money have more power over bitcoin price. But, I don't think someone could dominate the market as bitcoin has spread widely and have quite huge market cap, besides no one will do something stupid if they hold big portion of bitcoin obviously, maybe keep it save and convert small portion from time to time.
I think that small traders can rrally manipulate the market cap. They can usually gather with some other small groups most of them watches and when someone from small trader triggers the market they joined of course with one agenda
Quote
When we study Market Types in the books of Economics first type which comes into consideration is 'Perfect Competition Market'. Under this market situation, there are numerous buyers/sellers such that single buyer/seller is not in power to influence price and price is determined by forces of market. Bitcoin is based on this assumption.
But while we continue reading book, we came to know that 'Perfect Market Competition' not actually occurs in any real world industry. So no matters what theory says, Bitcoin prices can easily manipulated by some smart traders, big holders or maybe by some hidden cartels, who knows
But while we continue reading book, we came to know that 'Perfect Market Competition' not actually occurs in any real world industry. So no matters what theory says, Bitcoin prices can easily manipulated by some smart traders, big holders or maybe by some hidden cartels, who knows
Illuminati confirmed xD
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
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
When we study Market Types in the books of Economics first type which comes into consideration is 'Perfect Competition Market'. Under this market situation, there are numerous buyers/sellers such that single buyer/seller is not in power to influence price and price is determined by forces of market. Bitcoin is based on this assumption.
But while we continue reading book, we came to know that 'Perfect Market Competition' not actually occurs in any real world industry. So no matters what theory says, Bitcoin prices can easily manipulated by some smart traders, big holders or maybe by some hidden cartels, who knows
I don't think that traders directly determine the Bitcoin price. Maybe the wales ans that ones who trade realy big sums but it's more thing about the demand and supply. Despite some theories I don't think that any group isn't powerful enough to control and influence the Bitcoin price on their own.
Since now bitcoin market capitalization has grown quite big so it is not so easy for any big whales also to control the market prices for a long time. But for short term than can do some impact but for the longer term results only demand and supply makes the difference. If slowly more and more public start holding coins and don't trade them then its demand will grow even higher
It seems that people will never stop falling the victim of the market cap appeal, charm and magic
Market cap doesn't mean a shit on its own, and in regard to how easy (or how difficult, for that matter) it is for whales to manipulate the market, its increase works in quite the opposite direction to what you assume. That is, market cap increase in short term simply reflects the price rising, and with the price rising the market is necessarily thinning which makes market manipulation easier, not more difficult (as the recent volatility clearly shows). I hope this helps somehow
I don't think that traders directly determine the Bitcoin price. Maybe the wales ans that ones who trade realy big sums but it's more thing about the demand and supply. Despite some theories I don't think that any group isn't powerful enough to control and influence the Bitcoin price on their own.
Since now bitcoin market capitalization has grown quite big so it is not so easy for any big whales also to control the market prices for a long time. But for short term than can do some impact but for the longer term results only demand and supply makes the difference. If slowly more and more public start holding coins and don't trade them then its demand will grow even higher.
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 ?
yes and no.
in my opinion it is always a battle. when we are talking about something like bitcoin that is well distributed then it is like a battle. there are a lot of whales, aka the early adopters, and there are a lot more big players with less amounts than whales and there are a lot more traders with regular amounts.
these groups don't work with each other. if someone or couple of them decide to go against the market or try to push it in other direction they will not succeed 100%.
as an example of failure you can see in the past months when price was rising from the $888 dip Bitstamp whales have been dumping the price in there but all the other exchanges were rising. finally the market won and price broke $1200 and continued rising.
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 ?
In the limited supply environment, the early whale investors will lose their power when there will be enough many small investors come in.The prices nor market cap are insignificant here but only how many people are currently adopting alone matters big.
For example : There are 100 units in one market and there are 10 traders and only one trader is holding 40 units and remaining 60 units are being controlled by rest of 9 traders. The price of one unit is reaching $1/$10/$100 and now that whale sells his all 40 units and there are only 9 traders to match those selling and prices may reach to $0.01 also.
But in the case of those 9 traders becoming a group of 100 traders by trading those 60 units and waiting for buying more units. Now that whale's selling of all 40 units might not enough for those 100 traders and prices will not find any significant down fall.
Whales will lose power when there will be more adopters joining us !
They are already manipulating the price, those early adopters/ whales of the present time, but as the price grows and marketcap increases it becomes harder and much difficult to simply manipulate the market, don't you think bitcoin is small compared to fiat total marketcap. bitcoin is big as it is, generated out of thin air, that is even a million dollar market is a miracle.
First and foremost bitcoin is not generated out of thin air,it is a carefully calculated and an innovative network and the person who created this phenomena is a genius without a doubt to create a new form of electronic value so that the whole world starts accepting it and if you start evaluating an asset which has a huge market cap you really cannot make a point that it is a fluke inventions .Manipulation can be done when there are a small amount of people but it is hard to make a huge impact when the number of users are huge.
They are already manipulating the price, those early adopters/ whales of the present time, but as the price grows and marketcap increases it becomes harder and much difficult to simply manipulate the market, don't you think bitcoin is small compared to fiat total marketcap. bitcoin is big as it is, generated out of thin air, that is even a million dollar market is a miracle.
Thereby, even small groups of people are then able to control or affect the price, contrary to your claims
that assumes that the same old bunch of people are selling and buying back their coins all the way through. every wall that's put up is at least partially eaten by someone else. and eventually a whale bigger than you swallows you whole and the cycle starts again. i don't believe the traders that dominated in 2013 will be the same people in 2020.
If I got your point right, that should be inconsequential to my point
One whale eating another whale or one shark attacking another shark - this all happens at lower walls, i.e. with reduced number of coins if the price is to stay balanced (when demand approximately equals supply). Otherwise the price would inevitably crash to a new balance (or surge to a new high), and this is what now happens, and this also proves that my theory of escaping volatility (ultimately leading to Bitcoin Big Rip) is correct
Isn't whales are traders? If yes, this means Traders have power to dictate Bitcoin price. They are the one supplying and demanding bitcoin according to their target price that is after they bought the coin from the first supplier (Miners). But, most Miners who supply the market with fresh Bitcoins from mining are traders too.
Or even its existence. Btc wont appear without miners thus traders' only job is to profit by storing some amount then selling. Seems boring but thats already part of it. Can't just really changed something because it is there. Prices also increase to increase in supply and sometimes demands can make it's price increase too. either ways it is not always traders that affect the price but also on how much it is willing to risk for it to not die at least.
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
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
Ok starting from cap. You said $40B cap. Let me tell you such caps are just imaginary and estimated, nothing to do with real money flow in bitcoin. It is ascertain from no. of btc * present price.
Now coming to trader influence over price. I don't feel at least 2017 traders have any influence over price. When millions of dollars are traded in btc everyday, how could someone holding even 100-150 btc effect the price significantly.
Although don't know if some union or associations are working to drive prices.
Isn't whales are traders? If yes, this means Traders have power to dictate Bitcoin price. They are the one supplying and demanding bitcoin according to their target price that is after they bought the coin from the first supplier (Miners). But, most Miners who supply the market with fresh Bitcoins from mining are traders too.
Not that much. In 2014, a bitcoin whale dumped 37 million worth of bitcoin or something along the lines, and the sell order (which was a single huge wall) got quickly eaten.
Notice that the price was around $300, so back then whales would have cause much more damage easier.
Here you can see the sell wall in action and how it got eaten:
https://www.youtube.com/watch?v=-uX_bB_4VJk
Notice that the price was around $300, so back then whales would have cause much more damage easier.
Here you can see the sell wall in action and how it got eaten:
https://www.youtube.com/watch?v=-uX_bB_4VJk
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