Topic: who controls the bitcoin price? - page 5. (Read 1660 times)
Non of this is a major influence of the affection of the bitcoin price, I will tell you that all this is just depending on the bitcoin as an individual holder, Looks we should understand if a billionaire in dollars comes and buy bitcoin worth of millions of dollars, it will increase the price of bitcoin, I still believe that we are all yet to find out the reason for the price bitcoin that goes high and low.We are yet to get it straight, Let us keep on finding
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It is simply the law of supply and demand, OP.The volatility is could be because Bitcoin is global, well almost due to bans imposed by some country.
Media, influencers, etc indirectly affects the price that pushes investors to either dump or buy.
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...
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
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
In general, price of bitcoin or any asset should be driven by demand and supply in the perspective of economics. Price will have a lot of factors as well in terms of economical, political, etc aspects. Not because price of Bitcoin is so volatile doesn't mean someone controls it already. With your question, I may say that in 2021, its the INSTITUTIONs. In 2017, it was actually driven by mainly FOMO.
I truly believe that each asset has its own unique audience especially Bitcoin with its volatility. And this makes investors driven to pursue more and research especially to other cryptocurrencies as well. Once the world sees its real value, I bet it wont be as volatile as it is now, as a trader - take the chance now.
No one can fully control bitcoin, but of course those who most influence the price are the whales, because they lead the fomo and panic waves on the market by selling or buying large bunches of coins at once. However on long run I believe no one can influence bitcoin price down, even the whales don't have this power as it would be very risky for to try dumping the market and missing their seats in bitcoin train to other potential investors.
whales do lead or do fomo ? i dont think so because whales are big and they arent afraid to get missed out on the buy or sell but whales are just chilling and they have thier own different world or time when they buy or sell and they can fully control bitcoin if they wanted too because as i said earlier they are big or powerful enough .
as of now there are other big influencers that take a part of controlling the price of btc not just the whales . this could be the reason why the price seems to move in a confused manner
It means whales create the FOMO athmosphere that *contaminate* further investors. Some people call it market manipulation.
With whales I include the big institutions and companies jumping into bitcoin.
Bitcoin users is the primary responsibility about bitcoin price concern.
Bitcoin users will be overwhelmed someday by whales who own a lot of bitcoin but I have to agree with you right now that bitcoin market is controlled by users. This is just a basic of supply and demand, the demand(price) is high because the supply is getting lower because users are hodling their bitcoin. 
Bitcoin price controlled by all bitcoin users because the many people who use it the highest chances that Bitcoin price will rise, because according to the law of supply and demand if there are many people who are willing to use and buy that certain products the price of that product will rise.
Bitcoin users has the primary responsibility about bitcoin price concern.
Bitcoin users has the primary responsibility about bitcoin price concern.
No one can fully control bitcoin, but of course those who most influence the price are the whales, because they lead the fomo and panic waves on the market by selling or buying large bunches of coins at once. However on long run I believe no one can influence bitcoin price down, even the whales don't have this power as it would be very risky for to try dumping the market and missing their seats in bitcoin train to other potential investors.
whales do lead or do fomo ? i dont think so because whales are big and they arent afraid to get missed out on the buy or sell but whales are just chilling and they have thier own different world or time when they buy or sell and they can fully control bitcoin if they wanted too because as i said earlier they are big or powerful enough .
as of now there are other big influencers that take a part of controlling the price of btc not just the whales . this could be the reason why the price seems to move in a confused manner
No one can fully control bitcoin, but of course those who most influence the price are the whales, because they lead the fomo and panic waves on the market by selling or buying large bunches of coins at once. However on long run I believe no one can influence bitcoin price down, even the whales don't have this power as it would be very risky for to try dumping the market and missing their seats in bitcoin train to other potential investors.
For me, I think that the demand is the biggest factor that controls the price of bitcoin, the increasing popularity of bitcoin and the understanding of people and major companies of the importance of bitcoin makes the demand for bitcoin increase and thus its price increases.
Also, the news has a great impact, whether negative or positive. We saw this clearly recently, when Tesla bought large quantities of bitcoin, and the price of bitcoin rose dramatically, and in contrast two days ago, when the US Treasury Secretary made bad statements, the bitcoin price dropped dramatically.
Also, the news has a great impact, whether negative or positive. We saw this clearly recently, when Tesla bought large quantities of bitcoin, and the price of bitcoin rose dramatically, and in contrast two days ago, when the US Treasury Secretary made bad statements, the bitcoin price dropped dramatically.
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
I think it is all of them. The mix of all of them together dictate the buying/selling pressure we see on the markets. The extend of each is of course different as each have a different influence level on the market but they do influence the prices nonetheless. It is not so much in the hands of the small investors, no. The strings are pulled by larger bodies with great stake in the market. One of their move can send the market in either direction.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
basic theory of supply and demand. will always follow any form of market, whether it is traditional or online,
more and more are storing bitcoins in their wallets and many will buy bitcoin, the price of bitcoin will go up, especially bitcoin stock is already limited,
the more demand, the higher the selling price of a product
and in my opinion who controls bitcoin is "myself and the price" where I know whether I want to sell or hold my Bitcoin
more and more are storing bitcoins in their wallets and many will buy bitcoin, the price of bitcoin will go up, especially bitcoin stock is already limited,
the more demand, the higher the selling price of a product
and in my opinion who controls bitcoin is "myself and the price" where I know whether I want to sell or hold my Bitcoin
I know demand and scarcity plays some important role but I think btc price has a central point of control like the whales and wall street perhaps,
If price is truly controlled by demand and scarcity then why do we experience dump or bear season, does that mean people don't demand btc anymore or btc is no longer scarce?
If price is truly controlled by demand and scarcity then why do we experience dump or bear season, does that mean people don't demand btc anymore or btc is no longer scarce?
Whales and wall street do plays a vital role when it comes to the bitcoin price movements and in fact people or community of bitcoin who believes in it, patronizing it, investing and trading it are one of the reason why bitcoin price are sometimes on ceiling and sometimes on floor kind of price. At the end of the day this bitcoin market value wouldn't move on its own if there were no people using it right.
Number ii is so so not a valid option. Lol. The market controls the price of Bitcoin. And the market is not a person; it's a people. These people are buyers and sellers. But then, an option like 'Whales' can influence Bitcoin price. If a whale dumps, the market will feel it and then the price is affected.
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
I think out of all these, Bitcoin whales are the one controlling the price. They can dump the price any time by starting to sell their holdings and sending panic signals to market. 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
And I include crypto exchanges too in whale category. They too manipulate the price to their interest.
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
I think every people control bitcoin price that buying bitcoin or sell bitcoin. You think if every person stop buy or sell bitcoin. Bitcoin price still in this point. If every people stop buy bitcoin seller need to sell then market fall down in land. If this chart reverse bitcoin price jump on sky. So i tell bitcoin price control every person who invest her money on bitcoin. 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 know demand and scarcity plays some important role but I think btc price has a central point of control like the whales and wall street perhaps,
If price is truly controlled by demand and scarcity then why do we experience dump or bear season, does that mean people don't demand btc anymore or btc is no longer scarce?
If price is truly controlled by demand and scarcity then why do we experience dump or bear season, does that mean people don't demand btc anymore or btc is no longer scarce?
It can be Big whales But i think most influencers can be Bitcoin cost is controlled by buyers and venders, whales are portion of the buyers and venders that creates at that point be one of the individuals that control bitcoin cost. But nothing controlling the cost that individuals that buy and offer it, it isn't controlled by government ms or banks, it has no central control controlling it. On the off chance that more bitcoin is brought the cost increment and will diminish in case more individuals offer than purchase.
Actually if you say control, it means that it is manipulated by someone or something right? Like in purpose of controlling a scenario and making it like change whenever it wants. I think the answer is none. We all know that bitcoin is a decentralized, volatile and independent cryptocurrency. It doesn't have any person or group behind it though it is discover and created by a single person. The only thing that affect the price of bitcoin and other alts is because of the market. It depends on the investors who buy and sell some supply of it. And one of the thing that I agree is that also because of large whales or bulk buying or even selling. Bitcoin stands alone but pricr depends on people ask price or bid price in the market.
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
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.
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