Topic: who controls the bitcoin price? - page 8. (Read 1645 times)
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.
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.
No one has full control, but someone can manipulate the orice specially those who has big volume of holdings. They could make the price suddenly drop. This big holders are the whales, might be a syndicate that want to take advantage of the current run. Their manipulation Might affect the price but for only short term. They still can fully control it.
Although your thoughts are unclear to me, because manipulation is just the same with control but I still got your point.
Yes, still they can manipulate the price, therefore they can control the market.
I know that there are also a lot of factors that can affect the price of bitcoin such as the volume, demand, cost of mining and etc.
Hoping that we can somehow adapt and adjust on what to do to make bitcoin investment profitable.
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 process happens like that; bitcoin whales get the information from statements of banks, wall street, hedge funds, and crypto exchanges and convert it to the market action. If they see that BTC will do better then they buy BTC and vice versa. Crypto influencers usually encourage individual buyers to buy Bitcoin. Individuals have money but cannot decide what to do. Influencers are here to inspire them to invest in Bitcoin. The major one I think is whales that have a significant amount of BTC. 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
my picks will be bitcoin whales , banks , wall street and crypto exchanges .
i didnt pick crypto influencer because they are just influencers and we cant say that they invest bigger than what i picked earlier but for the hedge funds , im not sure of its meaning .
i dont know if its like an institution too or something ? bitcoin whale(s) is the number one that controlls the market but a bitcoin whale can also be anything as long as he she or they has a verry huge number of bitcoins on their pouch.
i didnt pick crypto influencer because they are just influencers and we cant say that they invest bigger than what i picked earlier but for the hedge funds , im not sure of its meaning .
i dont know if its like an institution too or something ? bitcoin whale(s) is the number one that controlls the market but a bitcoin whale can also be anything as long as he she or they has a verry huge number of bitcoins on their pouch.
Neither of this IMO but you can also consider bitcoin whales since they are also a buyer and seller on this market
Its the buyers and sellers who are controlling the price, Cryptocurrency market is just like the stock market..
Its the buyers and sellers who are controlling the price, Cryptocurrency market is just like the stock market..
The big companies who are investing to the bitcoin have control the price because they have ability yo manipulate the price by selling a huge amount of bitcoin cause a big dump and if they decided to buy a huge pump happen. Small investors have effect if a lot of use have things hey do like if many small investors buy it will rise but if they panic the price dump but for me the most is big companies who can manipulating the price.
The most important thing is the demand and limited supply. Bitcoin Whales are the major contributor to price rallies in the past but now many institutes are also getting involved so from now on I think they can also influence the market.
Demand, supply, and market volume I guess.
There are thoughts wherein some people are assuming that the market price of Bitcoin and other cryptos are being manipulated by whales but I think it is not. Whales having large amount of cryptos in their wallet could temporarily make a change into its value especially when they are transferring their investments but I won't say that's total manipulation since it is not for a long run and will just be observable for a short period of time. Unlikely when there is a high demand in which we do usually see whenever we are in a bullish market which stays for weeks or more than a month. So basically, it is its users who are 'manipulating' the market price but I will put it with an 'indirect' manipulation.
There are thoughts wherein some people are assuming that the market price of Bitcoin and other cryptos are being manipulated by whales but I think it is not. Whales having large amount of cryptos in their wallet could temporarily make a change into its value especially when they are transferring their investments but I won't say that's total manipulation since it is not for a long run and will just be observable for a short period of time. Unlikely when there is a high demand in which we do usually see whenever we are in a bullish market which stays for weeks or more than a month. So basically, it is its users who are 'manipulating' the market price but I will put it with an 'indirect' manipulation.
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.
Only *I* control the price of MY Bitcoins.
I decide what price I'm willing to buy bitcoins at. If the seller wants more for them, then I simply refuse to buy them.
I decide what price I'm willing to sell bitcoins at. If the buyer wants them for less, then I simply refuse to sell them.
The same is true of spending and receiving them in exchange for products or services.
If the merchant wants more bitcoins than I'm willing to pay for the product or service that they provide, then I simply refuse to acquire the product or service.
If the consumer wants to spend less bitcoins than I'm willing to accept for a product or service that I provide, then I simply refuse to provide the product or service.
I decide what price I'm willing to buy bitcoins at. If the seller wants more for them, then I simply refuse to buy them.
I decide what price I'm willing to sell bitcoins at. If the buyer wants them for less, then I simply refuse to sell them.
The same is true of spending and receiving them in exchange for products or services.
If the merchant wants more bitcoins than I'm willing to pay for the product or service that they provide, then I simply refuse to acquire the product or service.
If the consumer wants to spend less bitcoins than I'm willing to accept for a product or service that I provide, then I simply refuse to provide the product or service.
-snip-
1. Government They can ban or even let the cryptocurrencies flourish. The central bodies can forcefully try and regulate the price of bitcoins.
I mean even though India, Pakistan and many middle east countries has banned Bitcoin, it doesn't make those peoples on that countries can't access to buy and sell Bitcoin.
They can still use P2P marketplaces or DEXs to trade, so there's no difference if they ban or not banning Bitcoin in their countries.
As for @OP no one can controlling Bitcoin because it's decentralized and anyone can hold it. It's doesn't like fiat money where there's single entity can control it (e.g. burn and print the money where the supply is unlimited). Those list you included above is actually a people(s) who only can manipulating the market and can't control the market.
For me I think Bitcoin price is being controlled by the buyer and seller in the market. For anything market it either the price is determined by the seller and quantity by the buyer or vice versa.
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.
No one controls the price of bitcoin its price always ups and down by the market. If selling amount is grater than buying amount then the price will be down on the other hand if buying amount is grater than selling amount then price automatically raise.
Bitcoin price is not controllable by any group or power. It's price is controlled by various factors,
1. Cost of production
2. Demand supply
3. Market circulation
4. Scarcity model
There are whales who hold large amount of bitcoins but they don't have the power to control the price of bitcoin. They can sometime influence the price to a certain extent by flooding the market with new bitcoin (creating supply) or withdrawing the bitcoins from the market (creating scarcity) which is commonly known as pump-and-dump technique. But these are temporary, they can't control the price of bitcoin!
You can read the below article to know more,
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
Hope this helps!
1. Cost of production
2. Demand supply
3. Market circulation
4. Scarcity model
There are whales who hold large amount of bitcoins but they don't have the power to control the price of bitcoin. They can sometime influence the price to a certain extent by flooding the market with new bitcoin (creating supply) or withdrawing the bitcoins from the market (creating scarcity) which is commonly known as pump-and-dump technique. But these are temporary, they can't control the price of bitcoin!
You can read the below article to know more,
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/
Hope this helps!
This is good information that you have provided there. There is really no one person nor one entity that basically controls the price of bitcoin. The factors you have mentioned is a good example of what really makes Bitcoin this expensive now. Good price for those who have Bitcoin and bad (too expensive) for those who are late in joining the party. Even the bitcoin holders from China and big mining operators don't control the price we all know that.
The price of Bitcoin depends on its demand and supply.No one can't control it if its demand increases and supply decreases.On the other hand bitcoin is virtual cryptocurrency.so, in my opinion no one has the power to control it, this is what I have seen in my experience using bitcoin.
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
I do think that you are missing the major body that does have the ability to control the price of bitcoins but temporarily.
1. Government
They can ban or even let the cryptocurrencies flourish. The central bodies can forcefully try and regulate the price of bitcoins.
- The Chinese authorities started banning mining back in the day and then people had to run away from china literally, now they tried to take over the mining farms etc... So this is something that can effect the price of bitcoins but for a short term since whatever they do the price will recover. Will be balanced out from other people outside.
Therefore I believe that for cryptocurrencies to flourish we do need friendly government so that more people can openly trade and buy/sell.
-*-
Then again no one and everyone controls the price at the same time , the higher the amount of BTC you own the more you have the ability to influence the price..
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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 the first place Bitcoin whales is the most leading contributor of the price that has been raging all over. The rest were just following its footsteps, but they really helped with price growing so rapidly due to demand coming from traders. Whales only capitalized when there's a massive demand, and once there's a good sign for trend to explode, then the above mentioned factors would suddenly takes place.
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 the first place Bitcoin whales is the most leading contributor of the price that has been raging all over. The rest were just following its footsteps, but they really helped with price growing so rapidly due to demand coming from traders. Whales only capitalized when there's a massive demand, and once there's a good sign for trend to explode, then the above mentioned factors would suddenly takes place.
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