who controls the bitcoin price? - page 4.

MinoRaiola

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Quote from: MinoRaiola on February 24, 2021, 12:16:20 PM

Quote from: Lmaooo on January 25, 2021, 07:47:12 AM

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

if there is a sharp decline in the share price, the news "whale sells xxx bitcoin" comes shortly afterwards, or in the event of a sharp rise you often hear "companies or institutional investors have bought xxx bitcoin". the two groups will have a certain power, but I strongly suspect that the exchanges / stock markets have greater power. similar to eibe bank in real life. If you look at the btc wallets, you can see the size of stocks on many exchanges. an interplay between i. and v. and maybe also iv.

I want to add something.

Big investors are also driving the price up. Analysts of large banks and funds tell Bloomberg that they assume that these investors have already met several times to push the price up. This is legal as long as they don't, for example, spread rumors online that encourage others to buy or sell. That would then also count as fraud with Bitcoins. Coordinated buying and selling are fine with currencies - and as such, Bitcoin is legally treated. That puts the few major investors in a comfortable position. If you drive the price up in a coordinated manner, you will grow your wealth quickly. In the past three months alone, the exchange rate has almost quadrupled against the dollar.

carelessboy

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Bitcoin price depend on how people use and how people interest in bitcoin.day by day people trust and know about bitcoin and bitcoin growth too much. many big big holder can control the price and new bitcoin investor also effect in bitcoin price. when all world know and use bitcoin bitcoin price never dump.just pump and pump.

concept2

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Quote from: Lmaooo on January 25, 2021, 07:47:12 AM

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

It is hard to make a precise answer for your answer. But I guess bitcoin whales are ones controlling the price of bitcoin since they have too many bitcoin in their hand. Bitcoin is an anonymous and open source currency, therefore, it is hard to fully manipulate its price, especially when there are too many people owning bitcoin in their house.

There is one more individual that I want to mention: Mr.Elon Musk. His tweets can create both FUD and FOMO not just in the price of bitcoin but the whole cryptocurrency market

adamvp

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There is no such thing like group which controls bitcoin/cryptocurency prices - it is just the market.
Just look at Tesla and BTC chart comparision in last days. Do you really think it is under controll of one entity?

best123

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https://blockmembers.io/

This is a really big question to answer. I think forces of demand and supply is in total control of it. Buyers and sellers are in control; but the real question is: who are these buyers and sellers? We all control the price.

blue_nexus15

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█ J A X N E T W O R K █

In my opinion, no one can control the price of bitcoin. It is not "centralized banking", we are in the opposite space, only the great motivations from the money from the bull run will create the force to make prices fluctuate. Everything has two sides.
For the most part, it's the bitcoin appeal that will over time verify.

goldade

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The Standard Protocol - Solving Inflation

Like many people before me have highlighted, there is absolutely no particular person or group of persons that hold the power or have control over the price of bitcoin and how the market works.
It is not the whales and it's definitely not the banks, neither is it the government. The price is controlled by supply and demand. The closest to control that the whales can have on the market is influence. They can at different times influence the market by creating supply or demand as the case may be. This is called pump-and-dump technique.

blckhawk

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Quote from: Lmaooo on January 25, 2021, 07:47:12 AM

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

Actually there's no one should control the price of Bitcoin due to the fact that it was decentralized unlike Fiat, however, those persons who own a large portion of Bitcoin which is basically the whales do have a big impact on the market price. Like if they choose to hold their coins, of course, the demand will go up and that would make the price goes up as well, and it will be the same if they choose to sell-off. The next thing I believed that has a major influence on the price is the crypto influencers, remember when Elon mentioned Bitcoin in his Twitter account it surely made hype in the market.

jjdub7

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Quote from: Lmaooo on January 25, 2021, 07:47:12 AM

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

The price of Bitcoin is determined by consumer demand, the more people are willing to buy, the higher the price. As for the impact on the market, I think the whales have a lot of influence, because if they decide to flood the market with coins and the supply becomes greater than the demand, the price will fall.

Wawa2013

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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.

usernameyaya

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Quote from: ?? on ??

I think these are the whales that have the most control over the market, and certainly with the entry of bitcoin into the global market
the other things you mentioned will have a big impact on it.
They do not know the official and recently one of these banks banned bitcoin and we saw its effect on the price of bitcoin.

Also keep in mind that bitcoins will be affected by the global market and the news

and in the end I think whales will have the most control over bitcoins.

I think the whales are controlling its price. they need those pump-and dump to escalate the bottom line of bitcoin and maintain the health of bitcoin market. to make space for people to sell/buy it, make the coin transport in the market, thus these whales can get profit Wink

gurunanakji777

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SOL.BIOKRIPT.COM

In my opinion, this year bitcoin price control is by Institutional investors and bitcoin whales. The major influence on bitcoin has institutional investors regarding the bitcoin price. If we see this year's bitcoin movement so far we notice one of the biggest influencers Elon whenever he talked about Bitcoin "Btc" moves well I would say he also drives the bitcoin market this year now we are witnessing correction phase. On the other hand, I also believe the demand and supply also drive the BTC value to some extent.

aoluain

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If we take this week as an example when the Futures Contracts are ending, today in particular
the price of Bitcoin is definitely being controlled.

By who? the people and groups who have short sells in for the last Friday of the month.
And they are the ones with a lot of Bitcoin to dump but who benefit the most from the reward.

Noctis Connor

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Of course those buyers and sellers of bitcoin when they gonna sell nor dump their bitcoins then you knew what is going on because thats the time that the bitcoin price will going to decrease but an good opportunity for those who wants to buy or invest into crypto and mostly those big exchange sites that has a good people who has a lot of coins that can be a thing. But it will always be in people and the supply and demand of bitcoin. Ofcourse you can see em in the graph when there are movements into it.

777Jolami

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Sharks and whales in decentralized markets with bitcoin have a strong ability to dissipate value. Hunting trips often involve a trend, a previous impetus, possibly a media clog for the rumor .... It has a lot to do with value. This has actually happened many times and it is no coincidence that it is suspected to be the big cause. Great pressure can cause melting. Lol

adzino

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www.Crypto.Games: Multiple coins, multiple games

Honestly, none of the people you have mentioned in the thread has "full control of the price".

1. Bitcoin whales? Yeah, they do have some "influence" in the price, but that's a short term influence. Any actions taken by them affect the market shortly (and recovers back quite quickly).

2. Nope. Banks have nothing to do with the price of bitcoin. At least for now.

3. Wall streets are going to be the last guys over here.

4. Same as wall street.

5. Top crypto exchanges can have some influence in the market if they manipulate the prices. But I doubt any honest exchange does anything like that. Even if they do, it's going to have a long term affect on the market, which people will eventually realize and move away from centralized exchanges.

6. Crypto Influencers can' control the price, but can manipulate it for a short term.

yohananaomi

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Quote from: Momoamzad on February 25, 2021, 01:18:37 PM

I think if you are asking about controlling price I would like to say about demand and supply policy. Actually no one sepecifically controll the price of bitcoin/ if the demand increase but supply low amount could be raise the price. Also holders are responsible for controlling price. If you hold it will raise if you sell the price would be low . It's simple

The law of economics clearly works as you have said, if the demand increases and the supply is low, the price will automatically increase, and vice versa. We have to admit that until now bitcoin is moving because of the market mechanism, no one is able to control it and no one can run it. but it can be influenced by the way big players do things with bitcoin, so the price is affected and changes, if the position of bitcoin is strong the effect will not be too big.

bitcoin since last year many have bought from @elonmusk and also wholesalers as well as participating companies, all those who hold bitcoin can influence the price of bitcoin if they play to determine the price, sometimes what is intended may not work because their actions are countered by others, so it's hard to guess.

Sebas.tian

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Quote

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

The following are all influence regarding the bitcoin price. But bitcoin whales has the major influence regarding the price of bitcoin. Recently many customers experienced a higher pumping of bitcoin price, that is making some people to asked what is the causing of bitcoin pump?. Supply and demand are the caused of bitcoin pump in the exchange market. When the suppliers are few and demand are much in the market, the price of bitcoin will increase to cause many investors to achieve much from their Investment.

Kelvinid

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win lambo...

Quote from: 3meek on February 25, 2021, 01:45:06 PM

I don't think there is one specific answer to your question... It's probably the big market players - exchanges, whales, investment funds... All of them know a lot more than we do...

And they are capable enough to manipulate the market. It was the claims before where whales did the pump and pump scenarios, and is still visible this time, so we can still expect this will never have an ending story. But we can't deny that they have an important role in the market and because of these people (manipulators) we are able to see the volatility really working and a gaining tool for everyone

Bitcoin is not a 100% decentralize coin but at least we are not just like those centralized coins that we no longer have a chance to reach $50k, $100k, or even more.

Trinx01

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The price of the bitcoin depends on the supply and demand, if you know that term in the economics that is also similar with bitcoin if there would be a lot of people who keeps on buying then the value of the product will increase the same as with bitcoin if there would a lot of people who keeps on buying then the value of bitcoin will increase as well vise versa in the selling of bitcoin.

Topic: who controls the bitcoin price? - page 4. (Read 1660 times)