question Who Controls Bitcoin Price?

[Kamila 291]

The price of bitcoin is controlled by its number of coins (they are very small compared to other coins such as Dogecoin), and of course the demand for it on many exchanges. (buy and sell orders)

[scorpiali 5626]

Good question and the answer is EXCHANGE Coinbase Binance and more famous exchange who really control the price specially when they add the future and the margin trading if they see all have a long trade they they make the price fall to and the same of short it's really very clear 

[issa123h 0]

I think bitcoin coin is like any other coin

Its price depending on the markets and buy and sell market so no one can control in the bitcoin price my friend

[Cammer 4609]

On 5/3/2020 at 1:42 PM, Omar Ommeish said:

My friend, no one is laughing at the price of cryptocurrencies or regular currencies, as their price is determined by the transactions that take place on that currency every day.

I disagree with you. Crypto whales are controlling the price of Bitcoin and other crypto currencies. Also, the demands on these currencies play a role in controlling the price.

[gourav789 2834]

there is still nobody who control price of Bitcoin and other coin in market , price of Bitcoin depend on too much factor , like it's trading value , buying and selling orders , it's demand and many more .

[Moaz 7239]

controls the price of cryptocurrencies in the crypto market is supply and demand, and therefore the more demand for bitcoin the higher the price and if the lower the demand and the more supply will decrease the price of bitcoin, but there are some cases the whales and massive platforms are affecting on bitcoin price

[Rahul11 292]

On 3/28/2020 at 9:31 PM, Cammer said:

Hello dear friends. 

Do you know who or what controls the price of Bitcoin? On what basis does it go up or down?

Share your opinions!

I think volume control the price of bitcoin. Also manpower work on it. After analysing it's importance people investing on it and using it. And I think it's make valuable bitcoin. In this time any big amoung holder can easily manipulate the price of bitcoin.

[Ridam 7455]

There is one single organisation or person responsible for the up and down of price of Bitcoin. There are many factors like news, whale movements, political announcement, supply and demand of the coin and many other unknown too. Mostly deman and supply are two factors affecting the price in short.

[Ndayebo8 0]

On 3/28/2020 at 4:31 PM, Cammer said:

Do you know who or what controls the price of Bitcoin?

The whales and hump back cryptocurrency investors and traders are responsible for the control of Bitcoin price when there is high exchange of bitcoins in high amount of demand this tends to shift the price at increasing and decreasing trend.

[Cammer 4609]

2 hours ago, Ndayebo8 said:

The whales and hump back cryptocurrency investors and traders are responsible for the control of Bitcoin price when there is high exchange of bitcoins in high amount of demand this tends to shift the price at increasing and decreasing trend.

I agree with you and I think that crypto whales have the biggest part in controlling the price along with the volume. 

[Ndayebo8 0]

18 minutes ago, Cammer said:

I agree with you and I think that crypto whales have the biggest part in controlling the price along with the volume. 

We the small traders also play out role in the cryptocurrency market were we buy and sell the little funds we have while the whales as said earlier are have the biggest role to play by controling 90%of the market activities.

[Cammer 4609]

1 hour ago, Ndayebo8 said:

We the small traders also play out role in the cryptocurrency market were we buy and sell the little funds we have while the whales as said earlier are have the biggest role to play by controling 90%of the market activities.

That's right. Also the volume plays a big role in controlling the price because the more volume there is, the lower price it will be.

[Ndayebo8 0]

8 minutes ago, Cammer said:

That's right. Also the volume plays a big role in controlling the price because the more volume there is, the lower price it will be.

That is still the same definition dude the volume occurs by the demand and supply which are the main factors for the existing marketing easily known as the buying and supply.

4 minutes ago, maha5 said:

There is one single organization or person responsible for the up and down of price of Bitcoin. There are many factors like news, whale movements, political announcement, supply and demand of the coin and many other unknown too. Mostly deman and supply are two factors affecting the price in short.

That's right. Also the volume plays a big role in controlling the price because the more volume there is, the lower price it will be

 

Exactly what I said just more explanation you gave thank you for making it clear for everyone to understand the fact about the market movement.

[Cammer 4609]

5 minutes ago, Ndayebo8 said:

still the same definition dude the volume occurs by the demand and supply which are the main factors for the existing marketing easily known as the buying and supply

I understand that. I just wanted to link these too factors together to make it more obvious to you. Sorry of confusion 😄

[Jaysen0104 536]

I think the price of the bitcoin may differ because of the supply and demend of bitcoin in the market and also the people who are investing and holding it. That's the reason why the price of the bitcoin right now have a great value.

[Kawuak 142]

From the knowledge I have acquired about Cryptocurrency so far I don't think there is any one who controls the price of bitcoin, the major thing that control the price of bitcoin in the Cryptocurrency marketplace is the demand and supply and sometimes whales tends to increase the price of bitcoin so that panic sellers can sell and they will accumulate more in there wallet.

[Thekingcallme 1975]

Whoever has large amounts of bitcoin controls the price of bitcoin and calls them whales. Bitcoin depends on determining its price on the strength of supply and demand.

[koussai999 1986]

Automation depends entirely on supply and demand. Anything in existence depends on people's confidence in it and also on supply and demand. In the event that demand is too much, the price of bitcoin rises, and if supply is too much, the price of bitcoin decreases.

[CryptoLover21 0]

I think the price of the bitcoin depends upon the supply and demand of the coin in the market. Their price depends upon the coin itself because it is decentralized coin.

[Jami273 2020]

There are so many factors which together control the price of Bitcoin and all the other crypto currency.It is mainly regulated by all the traders and investors of the whole world.Also it's total supply and demands all over the world plays major role to controle it.

Edited June 2, 2020 by Jami273

[magd 5231]

The market is the controller. The movements of supply and demand for bitcoin are the ones that control the price. There is also a direct impact on the whales who have the largest quantities of bitcoin on the price. Reducing the rewards in half makes the demand for bitcoin high as well. All these factors affect the price.

[Jeet Narayan 1940]

Big traders, big investor's, and whales controlling Bitcoin price so it is depends on them Bitcoin price will go down or high. And also whales pumping and dumping Bitcoin price by positive, negative news, market situation, etc.

[Captain Karim 0]

The price of bitcoin determines several factors, including:
1- The quantity of supply and demand for bitcoin.
2- Speculators who have huge amounts of bitcoin interfere.
3- The price of bitcoin also increases with the increase in the number of companies that depend on using bitcoin as currency for their products or services.

[vynz 540]

On 3/28/2020 at 11:31 PM, Cammer said:

Hello dear friends. 

Do you know who or what controls the price of Bitcoin? On what basis does it go up or down?

Share your opinions!

The price of bitcoins are affected by the world events that can influence the global exchange so just like the pandemic it drops the BTC's value but it will continuously rise up once everything is back to normal. Whales are also playing the BTC price since they have the ability to hold bull runs. 

[Cammer 4609]

On 6/11/2020 at 11:39 AM, vynz said:

The price of bitcoins are affected by the world events that can influence the global exchange so just like the pandemic it drops the BTC's value but it will continuously rise up once everything is back to normal. Whales are also playing the BTC price since they have the ability to hold bull runs. 

You are right. CoronaVirus epidemic affected Bitcoin very badly when it started, but Bitcoin proved its strength and went back up to the way it was before.