question Who Controls Bitcoin Price?

[Digital 387]

Bitcoin price is not controlled by an individual rather the price fluctuate due to the level of demand and supply in the market if demand is high and supply is low definitely the price tends to rise but if the supply is high and demand is low the price decreases.

[Guru2050 8284]

According to my experiences and crypto understandings so far I will have my sayings as no individuals or group, government or any other Authority control the value of BTC, unless other factors such as demand and supplies.

These two key factor affect directly or indirectly some times the price of Bitcoin at the market.

[Projectcrypto 4382]

From the little experience I have about Cryptocurrency and it related activities there are basically two thngs that i knew controls the price of bitcoin in the Cryptocurrency marketplace and those things include " demand of the coin and supply of the coin in the marketplace" but some of the times the whales do have control of the market but not as demand and supply always do.

[Jaafar Fahad Hassan 114]

I think it based on how people demand for it and how people supply it, just like market,if their is lot if demand in a good, then the tendency of the good price to increase is high, so that same strategy goes to cryptocurrency

[Sachin Thakur 110]

I think demand and quantity controls the price of Bitcoins . Whenever demand increases its price can be affected.  As we all want that the price of Bitcoins should increase.  Thanks for posting this topic . 

[rahmi777 320]

The news changes from the price of Bitcoin, if it is negative, its price drops and if it is positive, its price increases and its price is characterized by large fluctuations. Also, if the demand is high and the supply does not meet the demand, then this leads to an increase in the price of Bitcoin, and vice versa ...,

[Jeancarlossnow 25]

Bitcoin is not regulated by any financial authority, so its transactions are irrevocable. Users have no one to claim in case of fraud, theft, loss or change in value.

[Amer19 320]

On 3/28/2020 at 6:31 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!

welcome
There is more than one reason, of course, one of the most important reasons is that there is a limited number of Bitcoin, and with this feature it gains its first strength.
Also, supply and demand cannot be ignored and all that increases in popularity the higher the price of Bitcoin

[lclaudioh 36]

I think the holders, they're here in the long run, and they'll buy the dips whenever possible.

[Jockera134 41]

I guess that everyone knows, bitcoin it is the most popular cryptocurrency in the world and a lot of rich humans are owners of it, they called whales, and in my understanding price of bitcoin control whales and another humans who have a lot of btc on their whales

[fecxumuk 34]

market makers) 

[SuperCrypto 7193]

There is no single entity that controls the price of Bitcoin, but that does not mean that there are no impacts on the network and the price of the currency. Bitcoin price is fully governed by the laws of supply and demand. Therefore, the entire bitcoin community controls the price, at least in theory.

[Omranoura 171]

A beautiful question..some might say to you victoriously that the one who determines the price of the bitcoin is the subject of supply and demand, so simply as if it is like any other commodity. The truth of the issue of the price of bitcoin is controlled by one person .. you can consider it a bitcoin whale, or rather the biggest whale of money.

[hamzaalioua 23]

And no country or bank in the world can control Bitcoin lending. I expect and bet that I am the currency market. The supply and demand is the one that controls the prices because Bitcoin does not have a bank or country that adopts it.

[Atrocsius 80]

The simple answer is people, but if to say it more complicated it is supplies and demands, there are people who wants to sell it and who wants to buy it, if there is something bad going on in the world a lot of people want to sell their bitcoins to cash it, and if the world is stable a lot of people keep their invests, almost like usual currencies actually

[beastik2 37]

People😄 It seems to me that millionaires, billionaires, maybe even states have an influence on the price. Who exactly is behind all this, we cannot find out due to the anonymity of cryptocurrencies in general.

[muffix123 2]

The dollar index shows a very important guide in bitcoin price.

[hamzaalioua 23]

I am also like, my friend, in the yobit platform, withdraw via Litecoin due to the much lower fees, it is better than Bitcoin, and for the transfer method, all you have to go to is to exchange and choose Litecoin

[muffix123 2]

Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies, and the exchanges it trades on.

[muffix123 2]

Bitcoin prices are influenced by the following factors:
The supply of bitcoin and market demand for it
The cost of producing a bitcoin through the mining process
The rewards issued to bitcoin miners for verifying transactions to the blockchain
The number of competing cryptocurrencies
The exchanges it trades on
Regulations governing its sale
Its internal governance

[maynax61 46]

I think it is generally priced on supply and demand. However, it is a fact that major stock markets also have an effect on pricing.

[basel23 1722]

The price of bitcoin or any other cryptocurrency depends on supply and demand
If the demand is much greater than the supply, the price of the cryptocurrency will rise
But in the event that the supply is greater than the demand, the price of the cryptocurrency will definitely decrease

[sirograf 22]

Unlike investing in traditional currencies, bitcoin it is not issued by a central bank or backed by a government, therefore the monetary policy, inflation rates, and economic growth measurements that typically influence the value of currency do not apply to bitcoin.

While bitcoins are virtual, they are nonetheless produced products and incur a real cost of production - with electricity consumption being the most important factor by far. Bitcoin 'mining' as it is called, relies on a complicated cryptographic math problem that miners all compete to solve - the first one to do so is rewarded with a block of newly minted bitcoins and any transaction fees that have been accumulated since the last block was found. What is unique about bitcoin production is that unlike other produced goods, bitcoin's algorithm only allows for one block of bitcoins to be found, on average, once every ten minutes. That means the more producers (miners) that join in the competition for solving the math problem only have the effect of making that problem more difficult - and thus more expensive - to solve in order to preserve that ten-minute interval.

[fanofrobsten 25]

No one and everyone at the same time..

It is reacting to the world events same as the many other things

[Sergiowa 135]

On 28.03.2020 at 17:31, 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 would say it is as simple as that. The price is controlled by the market. You can have millions of bitcoins but if there is nobody wishing to buy it or there very few people, you won't sell it at high price.  And as rekter said those notions "supply and demand" will move the price in the relevant direction. And it is general for the market, either it is bitcoin or just rice, gold, etc.

Maybe the topic starter wondered about those who is behind the figures of supply and demand, who is actually providing that supply to the market. Here I stick to the opinion that the major holders do that, they may be called whales, developers/creators but they do hold the amoun of coin enough to move as per their intentions.