who controls the bitcoin price? - page 7.

BigBoy89

legendary

Activity: 1512

Merit: 1011

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

IMO it's in this order:

v. crypto exchanges
i. bitcoin whales
vi. crypto influencers

and by 'crypto influencers', I mean all those different spreading kinds of news.

Every big wallet move immensely influences the crypto market, sell & buy, mostly speculations.

pecson134

sr. member

Activity: 630

Merit: 250

★Bitvest.io★ Play Plinko or Invest!

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. BTCbitcoin whalesBTC
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

The highest probable responsible person/factor for that is the bitcoin whalers. They were the one's who were utilizing a lot of bitcoin through buy and sell or trade and from that the value of bitcoins fluctuations varies from it. Though other factors can affect bitcoins but still those tycoons had the biggest influence of them all.

kevinzxz

full member

Activity: 1470

Merit: 105

👉bit.ly/3QXp3oh |🔥Launchpad on TON

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

In my opinion, the price of Bitcoin is influenced by investors, because if many people (investors) want to invest and buy Bitcoin, then of course the demand for Bitcoin will increase and that will have an effect on Bitcoin price movements (Bitcoin price will increase), because demand can affect the price of Bitcoin (the more demand, the price will go up and the less demand, the price will go down).

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Who owns a lot of Bitcoin and a lot of Fiat he can control the market but not completely. Like the whales who were of course very influential when they started selling and buying bitcoins. The whales have a very important role, they have their own plans to control where the bitcoin price will go. The government and influencers only affect market fundamentals, when the government issues policies and some influencers try to explain to the public, it will affect the price of bitcoin.

Each of them has the opportunity to be able to influence the price of bitcoin, but not completely.

BuNga_cute

full member

Activity: 1736

Merit: 116

Those who can control the price of Bitcoin must be investors with a lot of money, it must be that the price of Bitcoin is very expensive, there is
very little chance that individuals can control the price of Bitcoin. So in my opinion institutions with very large capital can influence price movements
in the market. It could also be an institution that manipulates prices in the market. Therefore, as small investors we must be careful investing
in Bitcoin, so as not to mistakenly buy Bitcoin at the peak price. Since Bitcoin price is very volatile, there will likely be a pump and dump. So always
do analysis to determine the selling / buying price, except for long-term investments it is very safe to invest in Bitcoin, because the price of Bitcoin
will continue to rise in the future.

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Quote from: Clement Kaliyar on January 25, 2021, 01:37:12 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?

If you have the bank balance even you can control the price of bitcoin. With the price of bitcoin soaring at an all time high valuation you cannot expect anyone to control the market without having billions at your disposal. There are many institutional investors in the market and they can really control the price and can even manipulate the price of bitcoin if they wanted considering the huge amount of coins they are holding.

Well I guess, for now, it really hard to play the market. Bitcoin is very expensive and it needs more them to have more funds to manipulate the market. That is not easy as that because also the transaction fee is quite high and just something waste of time and including bitcoin to manipulate the market, I guess there is a possibility but the fact, no one controls the bitcoin price.

Even big institutions that started investing in Bitcoin now but for sure can't able to manipulate the price.

Pomogator

full member

Activity: 616

Merit: 100

Quote from: MrcMrc on January 25, 2021, 07:51:29 AM

Bitcoin price is controlled by buyers and sellers, whales are part of the buyers and sellers that makes then be one of the people that control bitcoin price. But nothing controlling the price that people that buy and sell it, it is not controlled by government ms or banks, it has no central power controlling it. If more bitcoin is brought the price increase and will decrease if more people sell than buy.

Well, how then can you explain sharp rise in the bitcoin rate? I think at this stage, whales still have some weight in determining the course of bitcoin on the network. Of course, they do not fully control each section of the course, but they can affect its appearance. Personally, I also thought about the inability of whales, but after a sharp takeoff in 2020, I doubted my thoughts.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

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?

Influence and control are very different things. Influence is when someone's actions push Bitcoin's price in some direction, it's a one-time thing and the magnitude of it may vary, while control means the ability to set the price whatever you want and prevent others from doing so, or even just influencing it too much.

There's a lot of powers that can influence Bitcoin, sometimes Bitcoin market panics because of a FUD related to government, sometimes whales dump hard and the price falls, or institutional investors buy so much that it creates a bull run, but no one really can dictate the price of Bitcoin, no one owns enough funds to do so without risk.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

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?

If you have the bank balance even you can control the price of bitcoin. With the price of bitcoin soaring at an all time high valuation you cannot expect anyone to control the market without having billions at your disposal. There are many institutional investors in the market and they can really control the price and can even manipulate the price of bitcoin if they wanted considering the huge amount of coins they are holding.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

The simple answer, we (the community) have been controlling the bitcoin market price (not bitcoin price). Don't mix with bitcoin price and bitcoin market price. Because, whatever amount of bitcoin with you, then the price you can ask whatever you want, it doesn't necessary to match with bitcoin market price. And bitcoin market price means, the current live price of bitcoin on the markets. So the live price controlling by the whole active community of bitcoin. Whoever is related to the bitcoin, then he/she is a part of the community, it would be whales or any organization. But whatever reasons you have mentioned on the OP, they can't actually control the bitcoin market's price, rather than you can say they could influence the market price by manipulations. No one could control the price of any decentralized currency like Bitcoin.

tinopener

member

Activity: 224

Merit: 36

Looking at a long term perspective, I'd say the whales control the price as they most negatively influence mass retail and institutional adoption through an ETF for 2 reasons:

(1) Their huge hodling affects liquidity
(2) Potential for market manipulation

Reasons cited by the US SEC for not approving a Bitcoin ETF.

Wysi

sr. member

Activity: 1638

Merit: 261

I would say all the above are contributors when it comes to check controls the Bitcoin price, but majority of fluctuations are created by whales using the huge stock which they hold since the value of Bitcoin depends on demand and supply. We have seen it on numerous occasions that a huge chunk of bitcoin is cashed out when it's at peak thus sending negative vibes to the community and we have also seen a typical temporary pump I would say trap wherein price is pumped up only to be dropped again which is done by whales and we are equally responsible for reacting and cashing or reinvesting without proper plan.

josgandosbro

full member

Activity: 589

Merit: 102

Market place is important of the price change. If bitcoin is demanding in the market price will be increase. So people follow the market price every day. Then people invest the lot of coin. If bitcoin is increased in market place price will be go down. So demand is changing everything in Mark place.

januszzbych

newbie

Activity: 16

Merit: 0

For my way, for example "someone rich buying 100 BTC " another people thinking ooo price goes high why not make also so money so also starting buying BTC when the price will goes higher That "rich guy selling that 100 BTC making about 20% of profit and the proce goes down where the rest people also selling the BTC but they not make really same 20% of the profit only 10-5%" rest people "holders" keep btc to wait for the moment but when will be that moment Wink

nobody knows for me it reminds a PIRAMID only people from the top really making money on BTC Wink

but its only mu opinion.

Momoamzad

full member

Activity: 1022

Merit: 100

$CYBERCASH METAVERSE

No special person or special organization can control bitcoin price . It's depend on its buyer and seller . Holding amount and selling amount . If the holding amount is larger than selling than price will high and if people sell rapidly than the price decrease .

sheenshane

legendary

Activity: 2492

Merit: 1232

Quote from: Indever on January 25, 2021, 10:35:53 AM

In my opinion, the market for Bitcoin is controlled by the demand for Bitcoin. When the demand for Bitcoin increases, its price goes up. And when the demand decreases, the price of Bitcoin goes down. You may understand what I mean. I do not believe that any third party or person can control the price of Bitcoin.

It should be like this.

More supply, less demand = the price goes down.
More demand, less supply = the price goes up.

IMO, no one controls the price, the price in the market is just very volatile. Since Bitcoin is limited in circulation supply, the demand will follow the level of inflation and the reason the price will moving every now and then.

The whales or those big players who invested in Bitcoin and who have held a large amount of Bitcoin will have an effect that's not too much, it's severely happened.

louiicypher

newbie

Activity: 1

Merit: 0

Have a read of this it gives you a solid overview for beginners

https://www.youtube.com/watch?v=xfHMrgewSHI

pinggoki

sr. member

Activity: 1666

Merit: 426

The one who are controlling the bitcoin price are those people who holds so much bitcoin just like for example the whales. The whales are the ones who can manipulate the market anytime they want because they are the holders of so much bitcoin. If they want to dump the market they will just sell their bitcoins and also if they want to pump the price of bitcoin they will just buy so many of them, in short, they are also the buyers and sellers of this market.

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: sapnu on January 25, 2021, 10:48:00 AM

In my knowledge, I think whales are one of the most influential when it comes to bitcoin's price manipulation. We are all aware how large their holdings are and we know too how much it could affect bitcoin's price. As time passes by too, the number of whales are growing which I think could be detrimental as huge blocks of bitcoin stays in one place for being held for too long. I am not that certain about this thought so I hope you can enlighten me if what I'm saying is wrong.

This year institutional companies were taking over the BTC, the good thing about knowing these institutional companies name we were able to be updated on what they are up too, and being the few first top companies to join in crypto it's quite sure that they will sure to wait until many goes in and that's the only time maybe they can withdraw their investment. Just be updated on their news can help us monitor the price unlike with unknown whale sbefore that they're too many that we don't know when they will start to manipulate the market.

menoiazei

member

Activity: 368

Merit: 24

Supply Demand and how much of it is circulating around just like any other currency!

Topic: who controls the bitcoin price? - page 7. (Read 1645 times)