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Topic: who actually moves the price of bitcoin? - page 5. (Read 1877 times)

member
Activity: 252
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November 22, 2020, 04:24:24 AM
#58
Bitcoin ranks high in crypto exchanges It's price increases on the basis of supply of demand. But when the market whales suddenly try to pump for a very short time, the price of the currency drops a lot. After their detrimental effect on every currency. Many traders are at a loss when comes to investing because whales are pumped too fast they cannot survive in the market for very long. The demand for Bitcoin is always high so even if the whales take the price bitcoin doesn't take long for bitcoin to rise as demand increases.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
November 22, 2020, 03:04:09 AM
#57
Many trader never still know, that supply and demand are the one that move the price of the market.

You're correct but lets look at those two words individually, demand don't just happen there must be a reasonable why the demand of a particular asset is increasing which creates fomo. Now those who're responsible for this are the media platform and they rely on the movement and investment decision of whales to bring about their speculations of the market.

Currently big firms are buying bitcoin as reserve investment and the media platform are airing this which brings about a positive energy into the market. Now assuming it was the other way round when whales addresses are noticed to be moving their coins to exchange then the sentiment would had been different as the speculations would had been towards a market selloff.
full member
Activity: 1274
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★Bitvest.io★ Play Plinko or Invest!
November 21, 2020, 02:44:19 PM
#56
Most bitcoin prices are tied to an average or a collection of what the top exchanges publish as the current bitcoin price. But who's actually moving their prices? From my understanding, retail users don't have the power to move prices in the short term. Whales supposedly are the ones who can make the price suddenly jump or drop...but they trade on OTC desks right? not on retail exchanges....so how are these Whale movements being reflected on retail exchanges to determine what the current bitcoin price is? Or are there actually some whales who use the exchanges to trade on?
Everyone who have Bitcoin could participate on price movement.
Even small time crypto trader could be part of it, It isn't just the whales every one who is trading are contributing to the price movement.
The small holders could also move the market FOMO and FUD could make the people coordinate.
sr. member
Activity: 644
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https://primedao.eth.link/#/
November 21, 2020, 12:52:23 PM
#55
Most bitcoin prices are tied to an average or a collection of what the top exchanges publish as the current bitcoin price. But who's actually moving their prices? From my understanding, retail users don't have the power to move prices in the short term. Whales supposedly are the ones who can make the price suddenly jump or drop...but they trade on OTC desks right? not on retail exchanges....so how are these Whale movements being reflected on retail exchanges to determine what the current bitcoin price is? Or are there actually some whales who use the exchanges to trade on?
Actually they are not doing much at OTC, They just move Bitcoin to Cex and start manipulating it.  The proof is that you can see before the market was sold off, At whales alert there were many big Bitcoin transactions being moved from private wallet to exchange.  Then the Whales drastically sell off and lag the exchanges, most commonly in Binance.
sr. member
Activity: 1848
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Duelbits.com
November 21, 2020, 12:43:07 PM
#54
Yes, please want to sell bitcoins at any price, as long as he can wait until he is old. High price creeping pattern with long queues as if we were gambling. Suppose we have bought bitcoin for $ 15,000, and want to sell it in a queue for $ 25,000, but we are not sure to hit that price. he was more likely to use instinct than to read market charts. Smiley

Usually, we really follow our guts.

It is true that we are also analyzing the market but despite the indicators the price chart has, we can't actually say that it will happen 100%. We follow what we feel or what our gut says. The question, who moves the price of Bitcoin, the answer is us investors. Whales can manipulate the price but all of us gamblers are the one pushing and pulling it down.
You are right, that we often trade on instinct Smiley and until recently it was quite effective. yes maybe because I am not good at reading market movement charts. even so we also often seek and ask those who understand better in the field of trading. however, it is difficult to predict the exact price, and the fact is that even scholars in analyzing trades often corroborate their claim, that this prediction is not completely correct and correct. To be sure, whoever drives the market is us and investors, miners, company owners, and many more, even robots and designed to manage the ups and downs of prices. it all depends on demand and sales.
hero member
Activity: 1722
Merit: 528
November 21, 2020, 07:26:56 AM
#53
Yes, please want to sell bitcoins at any price, as long as he can wait until he is old. High price creeping pattern with long queues as if we were gambling. Suppose we have bought bitcoin for $ 15,000, and want to sell it in a queue for $ 25,000, but we are not sure to hit that price. he was more likely to use instinct than to read market charts. Smiley

Usually, we really follow our guts.

It is true that we are also analyzing the market but despite the indicators the price chart has, we can't actually say that it will happen 100%. We follow what we feel or what our gut says. The question, who moves the price of Bitcoin, the answer is us investors. Whales can manipulate the price but all of us gamblers are the one pushing and pulling it down.
sr. member
Activity: 1932
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Eloncoin.org - Mars, here we come!
November 21, 2020, 06:29:40 AM
#52
[snip]
Many trader never still know, that supply and demand are the one that move the price of the market.
Well, the truth is here -- bitcoin price was based on the demand and supply, perhaps whales are one of the reasons that bitcoin price moved in any direction they want but that is not easy as that. They need a massive number of bitcoin just to move to have an effect on the market price. However, whales do trade too but I think that is a separate amount from the amount they want to play in the market. In fact, there are various ways how to manipulate bitcoin price, by spreading FUD news that makes people panic and selling.
member
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Bisq Market Day - March 20th 2023
November 20, 2020, 10:49:26 PM
#51
Many trader never still know, that supply and demand are the one that move the price of the market.
There is a law of demand and supply that says, when the price of a commodity increase in the market, show that there are few supplier in the market, and when there is much supplier in the market, it make the price of a commodity reduce in the market. Demand and supply move price of the market either increasing or decreasing because once the supply is higher than demand, it reduce the price of bitcoin but when the demand is higher than supply it move the price of bitcoin to increase in the market.
According to some researcher who really understand the price of bitcoin very well, always make use of the law of supply and demand to make a good profit in the market place. Demand increase the price of the market, when the supplier are low in the market while the supplier reduce the price of the market when the demand are very few in the market.
legendary
Activity: 2408
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eXch.cx - Automatic crypto Swap Exchange.
November 20, 2020, 09:46:49 PM
#50
so how are these Whale movements being reflected on retail exchanges to determine what the current bitcoin price is? Or are there actually some whales who use the exchanges to trade on?

Firstly there's a lot of emotions having its way in the crypto market which is why the FOMO and fud word are a big thing here. The whales irrespective of where they're trading can have an effect on how the market react simply by making use of the media to push their selfish intentions. They can either crash the market by creating a bearish scenarios or pump it by making it look like they are buying coins and holding.

Whales do trade on exchanges that regular traders can be found too. A perfect example is the Binance exchange, we have numerous whales on the platform. There are numerous things that contribute to the movement of bitcoin, the obvious first pick has as to be because of the scarcity of the coins. We'll be having just 21millions and as a result of holding, most of those 21 millions coin won't be available for trading.

The manipulation by whales aren't a major reason but it also contribute heavily since it's obvious money controls the market and who has it has the power to direct the movement of the market to its will.
sr. member
Activity: 2226
Merit: 347
November 20, 2020, 06:55:32 PM
#49
Movements that occur due to activity in the market, are not about whales and or anything else because what happens next or that amplifies market movements is due to increased supply and demand. The panic from buying and selling is what can ultimately make prices fall hard or even rise quickly, because a trend that occurs will make the movement more significant.
That's right, traders all over the world is making the price to move it's either FOMO or FUD the supply and demand will follow. So the current trend we are in is the bullish trend and there has been a FOMO going on why the price is increasing plus the positive news more people adapting Bitcoin due to the hype of PayPal recently. If any other bigger company would try to enter the crypto market then that will create a huge demand and the would suddenly rise.
Adoption in short!

We do need this which would really be a solid driving force for bitcoins price to rise up even more in upcoming years to come.

We are even hitting its previous ATH considering that only Paypal had only accepted as a big company in terms of finance sector.How much more if other big companies will do join the wagon?

It all matters with the demand which is simply being taught on simple economics class.
sr. member
Activity: 2506
Merit: 368
November 20, 2020, 06:35:14 PM
#48
Movements that occur due to activity in the market, are not about whales and or anything else because what happens next or that amplifies market movements is due to increased supply and demand. The panic from buying and selling is what can ultimately make prices fall hard or even rise quickly, because a trend that occurs will make the movement more significant.
That's right, traders all over the world is making the price to move it's either FOMO or FUD the supply and demand will follow. So the current trend we are in is the bullish trend and there has been a FOMO going on why the price is increasing plus the positive news more people adapting Bitcoin due to the hype of PayPal recently. If any other bigger company would try to enter the crypto market then that will create a huge demand and the would suddenly rise.
full member
Activity: 1330
Merit: 147
November 20, 2020, 05:12:05 PM
#47
That is true, they start to buy buy bitcoin with a large amount and make many retail trader do the same thing. So, I just thinking that increasing or decreasing price is not only do by whales but all user who have bitcoin especially traders. You can also change the market movement if you have bitcoin, when you sell or buy bitcoin then the we can see a price will move. I have no more information about where they trade, but if you join on this telegram t.me/whalebotalerts you will know how trader got a huge on some exchange by liquidation price on future market.
legendary
Activity: 2674
Merit: 1048
November 20, 2020, 04:54:28 PM
#46
I would we can refer the term to whales and institutions as manipulators instead of people moving the price as its not just the Bitcoin value they are manipulating but rather the emotions of thousands of new users who recently joins crypto space as well as those who have already invested into Bitcoin, it's really disheartening to see most trusted crypto is manipulated just like that, this needs to be stopped but unfortunately we cannot do much since noone has control over it nor can we have any restrictions.
Traders or fund managers of different companies especially the big one's manipulate the market, they give great impact in price movement so we better be always active whenever there are news in a certain crypto project that can affect their price. Sometimes this movements were good as we can see that we invested in a good coin since they are actively tradable by many.
Just because those people with large amount of money has a big impact doesn't mean they are manipulating the market.

We are all do responsible on the market moves but the one who trigger whether to go up or down .. it's someone who experienced enough to dance through the charts.
Or could be done naturally without have any trigger.
hero member
Activity: 2828
Merit: 611
November 20, 2020, 01:56:51 PM
#45
We do. Really it is not someone special that moves the price, when you buy bitcoin you move the price, when you sell bitcoin you move the price. Basically if you do it with small amount of money you do not move it that much yourself but enough of small movements make a big movement, or maybe one big buy/sell makes a bigger movement.
Sounds about right but I am curious that usually the buy and sell orders from normal traders should be normalized like the price would move almost to nothing after all the trades. Imagine 1k BTC being bought and sold throughout the day that means the price should not move. Then why do we see these drops periodically because I cannot think everyone suddenly dumps their Bitcoins like in March the price dropped and just kept dropping.

However it is certain that unless the whole market believes on a direction it will not get to a level and it would just stay there. Even if someone comes along with a billion dollars and buys bitcoin, it is not going to make a change unless market agrees to it, we could easily eat up that 1 billion dollars by all small fish selling theirs right away countering it. So, every single trade matters when it comes to moving the price.
I agree that as a trader everyone contributes but I always feel there are some other reasons behind the drop and lifting of the price because there is no way we average traders or even whales can cause such swings. Recently the lift might be because of the paypal news but that is the only reason I can think about.
legendary
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Leading Crypto Sports Betting & Casino Platform
November 20, 2020, 01:47:58 PM
#44
Movements that occur due to activity in the market, are not about whales and or anything else because what happens next or that amplifies market movements is due to increased supply and demand. The panic from buying and selling is what can ultimately make prices fall hard or even rise quickly, because a trend that occurs will make the movement more significant.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
November 20, 2020, 01:19:59 PM
#43
Whales, institutions, normal buyers. With the combined purchasing power of the normal buyers just like you and me, it creates a demand that affects the price to increase.
In simple explanation, that's what happens when the price goes up. The demand is high. And another one is when there are millions of newly printed Tether.  Tongue

Add Bitfinex there.

Since bitcoin is mostly being traded against Tethers since a while, whoever prints those tethers are in control of Bitcoin's price.

That's only my thought. Take it with a grain of salt.
That's noticeable whenever there are new Tethers produced, the market pumps. Fortunately, we have a good a standing this time that the market pumps without any news about Tether printing from Bitfinex.
Because when it does, they print almost unlimited money that also injects to the market that boosts bitcoin temporarily.
legendary
Activity: 2268
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To the Moon
November 20, 2020, 01:00:01 PM
#42
Demand and supply is simply what determines the price.
Bitcoin has limited supply compared to millions/billions of potential users. If demand for bitcoin increases while supply is low (or while there aren't enough users/holders willing to sell to buyers at the normal price) buyers will adjust their price to higher amount to attract the interest of sellers... and sellers sell at the increased price... This is how the price goes up, organically.
Ofcourse, whales move the price but Price can also be moved by lots of average buyers buying bitcoin around thesame time

Market makers are able to influence the price of bitcoin as long as it has a small capitalization and, accordingly, the price. Their impact on the price will end when the capitalization of bitcoin will be estimated in the tens of trillions of dollars.
Ucy
sr. member
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Compare rates on different exchanges & swap.
November 20, 2020, 11:44:41 AM
#41
Demand and supply is simply what determines the price.
Bitcoin has limited supply compared to millions/billions of potential users. If demand for bitcoin increases while supply is low (or while there aren't enough users/holders willing to sell to buyers at the normal price) buyers will adjust their price to higher amount to attract the interest of sellers... and sellers sell at the increased price... This is how the price goes up, organically.
Ofcourse, whales move the price but Price can also be moved by lots of average buyers buying bitcoin around thesame time
legendary
Activity: 1554
Merit: 1139
November 20, 2020, 11:17:13 AM
#40
Surely, you and I supposing your a trader does have little impact on the market but then, the main market movers are the whales and institutions that trades this market. Mind you, the market are the same everywhere, not minding the platform being traded upon, there might be little alterations in the chart movement based on volatility but it's almost the same thing.

I say whales and institutions move the market pretty much base on the amount they invest in the market which gives them the power to determine the direction the market would take and then we that trade alongside them tends to benefit from these moves. If that be the case, it could be only right to say whales and institutions are the major market determinant.
sr. member
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November 20, 2020, 11:12:21 AM
#39
I would we can refer the term to whales and institutions as manipulators instead of people moving the price as its not just the Bitcoin value they are manipulating but rather the emotions of thousands of new users who recently joins crypto space as well as those who have already invested into Bitcoin, it's really disheartening to see most trusted crypto is manipulated just like that, this needs to be stopped but unfortunately we cannot do much since noone has control over it nor can we have any restrictions.
Traders or fund managers of different companies especially the big one's manipulate the market, they give great impact in price movement so we better be always active whenever there are news in a certain crypto project that can affect their price. Sometimes this movements were good as we can see that we invested in a good coin since they are actively tradable by many.

With the skills that they've got plus the amount of investment that they can possibly have, creating artificial movements are always
possible from this kind of investors.

They can change the directions of certain project as they can have good percentage from the actual amount of entire project, following
those traders will give you a chance to get something good but it's too risky not knowing their real intentions.

They can simply burned your money in an instant instances.
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