Topic: who controls the bitcoin price? - page 3. (Read 1660 times)
Bitcoin's price increases based on its demand in the crypto market. In fact, everyone thinks whales have had an impact on prices whales can't completely control bitcoin even if they lower the price of the currency bitcoin is the regulator of the currencies of all countries bitcoin has no such regulator this currency is not recognized by any government or top bank of any country this is his biggest risk. SEBI is there to watch the noise in the stock market but no one controls bitcoin and since it's not recognized you don't have to go to anyone if your money is lost once the money is gone, there is almost no chance of getting it back.
The price of a bitcoin is determined by supply and demand, there is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable.
Nobody has full control, yet somebody can control the cost uniquely the individuals who have a major volume of possessions. They could make the cost unexpectedly drop. This large holder is the whales, maybe an organization that needs to exploit the current run. Their control Might influence the cost however for just the present moment. They actually can completely control it.
In general, the price of a thing, whether it is a cryptocurrency or not is determined by how much demand and interest there is in it. If no one wants it and is not looking to buy it, its price drops. As here, the supply itself is essential. If the market is oversaturated, the price will also fall.
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 your wrong kiddo. Rich people had been controlling the prices of stock market because they want to shorting the stock or taking the long position or whatever serves their purpose. That means that they can do what they are doing in stocks in bitcoin market not to mention that bitcoin is a decentralized platform so a blatant price manipulation is still debatable. 
In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.
Musk's tweets doesn't affect bitcoin because it still depends on people who will trade on bitcoin or any other altcoins like his DogeCoin. It's just there's a lot of people who was affected by the hype of Musk's tweet that's why some of us including me thinks that he's a big deal and in favor of spreading crypto especially bitcoin. 
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
In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.
Well, how really sure you are on this? When Elon Musk's had tweeted about bitcoin it has an effect on the market and then when he was putting on his tweet and said, [Bitcoin is BS currency than fiat] and perhaps missed interpret by most of his followers and most investors I think that everyone also gets panic that is why bitcoin was experienced a drastic price decrease. In my own, --big investors and the most influential people were most likely controlling the bitcoin price, but it does not mean that they can able to control anything.
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. 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.
In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.
This latest price movement is mostly the result of increased institutional attention and Musk only greased the wheels further. I don’t think the price was affected so much by his tweets as by the statement that Tesla invested $ 1.5 billion in bitcoin and that they plan to accept it as a means of payment.
indeed no one can fully control the price of bitcoin, but some of the speculations and fundamentals that are made will provide a good stimulus for the decline and increase in bitcoin prices.
In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.
This latest price movement is mostly the result of increased institutional attention and Musk only greased the wheels further. I don’t think the price was affected so much by his tweets as by the statement that Tesla invested $ 1.5 billion in bitcoin and that they plan to accept it as a means of payment.
In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.
In the event that we conversation almost control, it implies that it is controlled by someone,Focusing of controlling a situation and making it like alter at whatever point it needs. I think We all know that bitcoin may be a decentralized, unstable and autonomous cryptocurrency. It doesn't have any individual or bunch behind it in spite of the fact that it is find and made by a single individual. The as it were thing that influence the cost of bitcoin and other alts is since of the showcase. It depends on the financial specialists who affect the law of demand and supply.
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
Mostly, the law on supply and demand primarily dictates the value of bitcoin in the market.
Due to the nature of bitcoin having a determined amount in circulation (21 million bitcoins), the price may be dependent upon its supply/demand depending on the circumstance. Given this circumstance, whales, who own majority of the amount of bitcoins, have the potential of manipulating the price to their liking. In addition, you may also include external factors (i.e. government prohibitions, country regulations, etc.) on what drives its value on the market.
When a country accepts/prohibits the circulation of bitcoin, it may indirectly affect its price on the market.
Mostly predict that whales but also traders who respond quickly on any rumor, they are the one that can make waves that might send tremors within the showcase. Banks are more of a controller behind the shade, they don't want bitcoin to win but they have to be do it with some sort of tact or without raising the doubt that they are attempting to make it see just like the decentralized advertise could be a terrible thing for the individuals.It can say, everybody who holds a bitcoin is controlling the costs in spite of the fact that it could be a small more undetected.
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
Based in my observation the who control the price of the bitcoin are investors, media and etc. boosting popularity of the bitcoin on media it will attract many investors and the demand on it will increase same as the price ot it.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
Based in my observation the who control the price of the bitcoin are investors, media and etc. boosting popularity of the bitcoin on media it will attract many investors and the demand on it will increase same as the price ot it. 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
i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers
These are factors that influence the demand for Bitcoin. They don't have directly impact on price, except from whales, that can collude and create bearish terms for Bitcoin. If I understand hedge funds, they are funds looking for opportunities to short. Some did that with Bitcoin and one time (2018) they were successful, however they probably lost their shirt and pants for the last 10 months shorting.
Crypto influencers are a big joke, they make money shilling shitcoins for advertisement and they are terrible at doing that, being close to be called biased and giving bad investment advice.
I don't know if I'm the only one thinking this but I think the media partly controls the price of Bitcoin (just a miniscule percentage). Ever notice that when something big happen, medias will try to milk that event that will result into people (most likely investors that aren't really into the technology) will take action depending on the news.
Media? Are you serious?
What I have seen is that they just always defame Bitcoin. It's a bubble, too volatile blah blah. So Media hardly matters.
I think he's just super used to them having control over the voters
The price of Bitcoin moves according to supply and demand, from the many articles I have read, no one should be able to control the Bitcoin price.
But the fact is that people who own large amounts of Bitcoin can manipulate prices, and what usually has a large amount of Bitcoin are whales.
Because if the whales decide to sell or buy Bitcoin, it must have an effect on the price in the market. And whales can be individuals or companies.
Indeed, a change between supply and demand will create the value of bitcoin, and wanting to control bitcoin according to the will of an individual is impossible but creating effects, crowd effects are still possible in any investment market and especially in a market without government oversight, big investors that people often call whales can manipulate the mentality of players very easily. The whales will cooperate with each other to make waves in the market, if we fight the waves that whales create, we get swept away, usually, following whales is a good way to make a profit But the fact is that people who own large amounts of Bitcoin can manipulate prices, and what usually has a large amount of Bitcoin are whales.
Because if the whales decide to sell or buy Bitcoin, it must have an effect on the price in the market. And whales can be individuals or companies.
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