I think it depends. Bitcoin pricing is influenced by two things: the price the person selling it wants, and the price the person buying it wants.
Just understand those 2 factors first, there is nothing else that keeps bitcoin under control.
Topic: who controls the bitcoin price? - page 2. (Read 1645 times)
market is the main factor, supply and demand is the main factor. but I also still doubt that, the whale also plays a big role in controlling the crypto price to experience a significant increase or decrease
I think crypto exchange from one token to another token will change the price of bitcoin and other crypto will also change the selling price.
depending on the market enthusiasm that will change..
depending on the market enthusiasm that will change..
Everyone knows about supply and demand are more liable for fixing BTC prices but there are many other elements also. Cryptocurrency has to concern the world economy and people's positive thinking. Mining cost and other variables are reliable also for fixing BTC price. The most powerful element is demand because when demand increases then price increases also.
Investors. There are hardly any other options.
To understand who controls the market price you need to see both faces, the people who have big amounts of Bitcoin and the people who have a big amount of money to invest. They are better known as Whales and Bears, and each time a big holder sell or a big investor buys we see a change in the market.
If someone holding 100BTC comes and sells them all today, that will make the bitcoin price goes down, and if someone like Elon Musk invests $1.5B then the price will go up. That's how the bitcoin price moves.
If someone holding 100BTC comes and sells them all today, that will make the bitcoin price goes down, and if someone like Elon Musk invests $1.5B then the price will go up. That's how the bitcoin price moves.
Actually no one really controls bitcoin price, the price depends on demand and supply, if there is a high demand then price goes up and when there is a high supply which means selling prices eventually drops so this clearly state that whales who possess very high amount of bitcoin can manipulate prices to a certain point but can't fully control the price movement because they are also much people who are in possession of bitcoin too. So price movement is based on demand and supply, the more people buys the more it pumps.
Forces of demand and supply controls the market. The higher the demand, the higher the price; the lower the demand, the lower the price. All these happen through us (you, me, institutions, banks etc.). Government factor is also part of it. News, sanctions etc affects the market.
Since Bitcoin is decentralized, of course, no one controls the Bitcoin price, I believe that Bitcoin price moves due to supply and demand.
Therefore, what distinguishes Bitcoin from other currencies is that Bitcoin cannot be controlled, therefore the government has difficulty
regulating Bitcoin. Even some countries joining forces to control Bitcoin will not succeed, this is one of the reasons why I really like Bitcoin is
because Bitcoin can provide freedom to its users, because the government and banks cannot control Bitcoin transactions.
Therefore, what distinguishes Bitcoin from other currencies is that Bitcoin cannot be controlled, therefore the government has difficulty
regulating Bitcoin. Even some countries joining forces to control Bitcoin will not succeed, this is one of the reasons why I really like Bitcoin is
because Bitcoin can provide freedom to its users, because the government and banks cannot control Bitcoin transactions.
No one is controlling the price of bitcoin and could not bitcoin doesn't work as anyone wants its price increases and decreases depending on the market banks will never be able to control bitcoin many are ignorant about crypto and the crypto market is decentralized. As its demand increases so will its price.
Bitcoin is 100% decentralized. Its price isn’t set by anyone in particular. It’s set by the market, by people who want to buy or sell the first crypto. Whales can manipulate the market, but they can't always rule it.
No one is controlling the price of BTC. Price is increasing and decreasing because of buyers and sellers. So there is no any bank or any other thing which is controlling BTC Price.
Well, the one who controls bitcoin price is us, the users. It's just like the economy theory about demand and supply. If there are a lot of demands but little supply, then the price will be high because of scarcity. Vice versa, if the demand is little but the supply is high, then the price will be lower.
But still, that's the theory. There might be people who owns a lot of bitcoin and manipulate the market, it's possible. But i don't know who, and i don't know how they do that. I think it's needed too though, so the price can be controlled if it's being a little too uncontrollable.
But still, that's the theory. There might be people who owns a lot of bitcoin and manipulate the market, it's possible. But i don't know who, and i don't know how they do that. I think it's needed too though, so the price can be controlled if it's being a little too uncontrollable.
I don't think rich people will control bitcoin. I prove that many rich people are wrong to monitor the market and they lose it proves that rich people and a lot of money can't control bitcoin I conclude bitcoin cannot be controlled, free and independent bitcoin
That's where you are wrong, with enough money they can buy enough bitcoin to make the market move to their liking, rich people have been doing this kind of thing in the stock market and the only difference with cryptocurrency market is that it is far more volatile than stock market, they are the reason why some stocks that are going down because they manipulate the market but in a subtle way. The price of bitcoin I believe is being controlled by the supply and demand, the supply goes low, the demand goes up, as simple as that. 
There are many factors which affect bitcoin's price but based on your list I would say that bitcoin whales are one of the major factors that have to do with the flactuation of bitcoin's value. Bitcoin’s value is derived in a similar way as precious metals: Its value is based on scarcity and high demand. Since whales buy in large volumes, the demand for bitcoins increases at a faster rate than the supply, which can drive up the price. Essentially, the price depends on supply and demand.
The price of Bitcoin moves according to supply and demand, but requires large amounts of money for the market to be controlled or manipulated.
Whales who can do it all, usually whales are groups or companies. Therefore if a large company like TESLA buys Bitcoin the price will drastically increase,
vice versa, if there are large companies that sell Bitcoin in large quantities, the market can be dumped. But fortunately the big companies are investing
in Bitcoin for the long term, meaning there is very little chance that a dump will occur any time soon.
Whales who can do it all, usually whales are groups or companies. Therefore if a large company like TESLA buys Bitcoin the price will drastically increase,
vice versa, if there are large companies that sell Bitcoin in large quantities, the market can be dumped. But fortunately the big companies are investing
in Bitcoin for the long term, meaning there is very little chance that a dump will occur any time soon.
well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?
i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
Just like any cryptocurrency or commodity out there, the price bitcoin is determined by demand and supply, there no two ways about this, if there's little or no demand for it we won't see Bitcoin at the price it is today, during 2017 the price was manipulated by whales who could pump and dump on the few people that were into crypto as at that time, right now bitcoin has gained more popularity(alot people are into it now) there's no way they can manipulate the prices anymore. among the following below, which one do you think has the major influence regarding the bitcoin price?
i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?
i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
among the following below, which one do you think has the major influence regarding the bitcoin price?
i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
Bitcoin works similarly to a product. The market in which bitcoin is traded decides its price. To put it another way, the price of bitcoin is dictated by how much someone is willing to pay for it. The market decides the price of bitcoin, just as it does for gold, oil, sugar, grains, and other commodities. The rules of supply and demand apply to Bitcoin, just as they do to every other market.
As i know, Price of bitcoin controlled by traders (Buyers and sellers).
And demand always a important thing to increase price. When demand of bitcoin increase price also increase. I think, It’s not possible to control btc price for one person/company/agency. Price is dependent on all traders.
And demand always a important thing to increase price. When demand of bitcoin increase price also increase. I think, It’s not possible to control btc price for one person/company/agency. Price is dependent on all traders.
As far as I know, demand on the market controls the price of Bitcoin. It may sound like a too classic reason but in theory it is also the most realistic reason.
In most cases, supply and demand play the big role inside this market. The more
buyers the more chances to grow in value. Lesser the hold and more sell demands
the cheaper the price to expect.
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Look, if there is positive news, many people want to buy Bitcoin, then the price of Bitcoin will be increasing. While if there is a negative issue, people are trying to sell their Bitcoin, then the price is decreasing. This means, the demand really influences the price, while the demand is influenced by the news/issues.
News affects those who are just riding but for those who understand the market it
won't affect them, knowing that bounce happen after.
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