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Who Controls Bitcoin Price?

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Bitcoin was born in 2009 and what at first seemed only a hobby for a group of hobbyists and technology experts today became "the topic" of digital finance. In just one year, the currency went from being worth USD 753 to surpassing the barrier of $ 10,000.
Well, the idea is that nobody is in control. Nobody and everyone in some way, so cryptocurrencies work with the same idea behind politics, religion or other monetary systems. There is not necessarily a person who is in charge, but there is a whole community, a society that decides to carry out this program or be part of the system and together they determine the rules, how this money works. So there is not a company, a CEO or a government body, rather it is all users who carry the coin forward.

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Bitcoin is not controlled by a person, by a company or by governments in the world, bitcoin is controlled by the community that buys and sells bitcoin as a life project that seeks to increase the standard of living of people, who venture into it. cryptocurrency business want or aspire to improve their income and improve their standard of living and this prompts them to participate in bitcoin transactions to make it grow.

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Supply and demand, community that buy and sells, whales that can immediately increase or decrease the price... Other options not so important 

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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.

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More than who controls the price of Bitcoin, the right question would be: How do you determine the value of Bitcoin?
Many people have difficulty understanding how Bitcoin pricing works. Also, sudden changes, either up or down, often surprise newcomers. 
Simply put, the price of Bitcoin is defined by supply and demand. Since crypto currencies are traded on platforms like exchanges, these negotiations define the prices.
But, there are many factors that influence the supply/demand relationship. Among those factors are: the relative scarcity of Bitcoin; the acceptance of Bitcoin in the retail trade; more long-term investment; the entry of Bitcoin into other markets; and the monetary policies of central banks. 

As you can see, the price of Bitcoin is determined by many factors.

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Due to the independence and decentralization of bitcoin, this cryptocurrency is very volatile in its value, any change or factor that occurs in the world can generate a decrease or an increase in the value of bitcoin, that is, that value is really controlled by the supply and demand of currencies depending on events that may be occurring in the world

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Friend because everything moves in supply and demand, there is nothing more than that. There are large investors who make large movements in a defined time and let's say they can "control" the price, but that in the first place does not last long and also there are other investors with the same or more capital strength who make plays to the contrary and the price changes again and so we will be for the remains of the days hahaha. This is what basically nobody controls the price in this volatile market since they can lose their income in a very short time.
 
There are different useful indicators to measure these ups and downs of the market, it is up to us to know and learn about them to make a good reading of the market.

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Good friend in my experience that I have been in this of cryptocurrencies, I have realized that we ourselves control the price of bitcoin if we sell it goes down and if we buy it goes up but of course more than everything we call whales, since they are the ones they have in Its power large amounts of BTC and well and of course this is based on supply and demand the more demand the more it rises and the more offers the lower.

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It is an interesting question, the price of the btc is managed by the market, which I mean with this supply and demand of course is that although it is not safe, people with a high volume of btc can control it even if little is said but it is not certain that some exchange manipulates the price either with bot but this is not entirely true.

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I explain to you, Bitcoin is not controlled by a special person, nor does it have owners, but is governed by software that can be configured and regulated by the users themselves, investors or miners. However they can improve that software, without making major changes The process of, let's say, enter that network of users who exercise their control over the currency They are the people who invest and have a large part of the tokens, in this way they could also lose their power if at one point they decided to almost abandon their investment, which is almost impossible since the investment of cryptocurrencies is very feasible not to invest.

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There is no such thing as controls ,there are concepts that affect the price.The price is affected by supply and demand.It also affects economic news in the crypt and various crises

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The price is controlling by the users, not buy any specific organization. The price is depend on the relation curves o the supply and the demand. If the demand become high then the price is become high, when the price high the demand will be low, that's the market strategy.  

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Bitcoin is decentralized, so supply and demand as like as in the other markets control the currency price

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As many say good first. supply and demand. the confidence that the user has towards the currency, the world economic situation, a lot of sentiment from BTC holders, a lot of adoption of the currency by investors or savers. The BTC in general lines I always see it bullish in temporality of years!

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Hey. I think that the developers control a lot, but everyone is talking about the Chinese who have super farms. In fact, there are a lot of people who have a very large number of coins.

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 The large inverstors who own most of the tokens. Tony Gallipy is estimated to have up to $20 million invested. And it really isn't among the biggest inverstors yet. It's relatively easy to control wether you have a large enough investment fotr this.

Hace un momento, Lelch dijo:

Bitcoin está descentralizado, por lo que la oferta y la demanda, al igual que en los otros mercados, controlan el precio de la moneda.

 The bullish or bearish fluctuation does not happen by itself.

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The price of Bitcoin is set by its supply and demand, it can't be controlled by only one person, because the capitalization and daily trading volumes of BTC are too high. Holders of Bitcoin are very numerous, and even if an unusual movement of the BTC price starts at some exchange, this bias will be eliminated by the influx of orders of arbitrage traders, who just monitor and look for price differences between the exchanges.

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Bottom line: the price of Bitcoin is worth what people are willing to pay for it. That is, given its digital and decentralized nature - it is not regulated by any bank or country whose regulations or conjunctural factors could influence or determine its price - the only factor that determines its value is the one established between supply and demand

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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.

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The price of bitcoin specifies the last successful trade, that is how much somebody pay to buy it). We own decide for which value we are ready to buy/sell bitcoin, so the price depends on traders and is not linked to or based on something else.

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The market controls the bitcoin price actually. Of course some so called "whales" can influence btc if they perform a trade with large amount of money, but it is not significant on a larger scale

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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!

No one have the power to control the bitcoin and it's price. Because bitcoin is a decentralized coin.  But whales can manipulate the bitcoin price. Because in the crypto field there is not enough fund. And that's why big investors can manipulate crypto price.


 

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