question Who Controls Bitcoin Price?

[iamdbt10 0]

Just like any other market, the price is controlled by those selling it, and those buying it, but not like real government currencies which are backed by the countries financial stability bitcoin has no organization that governs, so my take is that bitcoin price is controlled by everyone who's using the platform.

[Francisco87 651]

El bitcoin no está regulado por ninguna autoridad financiera, por eso sus transacciones son irrevocables. Los usuarios no tienen a quien reclamar en caso de fraude, robo, pérdida o cambio de su valor. El valor del mercado se dicta por la demanda que exista y las ofertas.

[valvaltv 252]

I think public sentiment controls the price of bitcoin. But, on the other hand, we all know that most bitcoins are inactive, so it is not completely clear what the price will depend on in the future. Perhaps a small group of people are able to sharply raise or lower it.

I think public sentiment controls the price of bitcoin. But, on the other hand, we all know that most bitcoins are inactive, so it is not completely clear what the price will depend on in the future. Perhaps a small group of people are able to sharply raise or lower it.

[Chrenova 182]

I think that the price of bitcoin cannot be handled by anyone. Everything is due to supply and demand, it is also true that it can go down a bit when one or several whales sell or buy a lot of bitcoins together, that makes the market shake a bit, but it is not as manipulable as everyone may think. Also the more acceptance they have of the common markets, the higher the price of bitcoin. When cryptocurrencies are available to everyone equally, I think it will be the largest store of value of all, because everyone will want to have a bit of bitcoin as savings.

[Onur0808 10]

Buyers and sellers. The direction of gold and the sp500 is also effective. Whales also drive the price.

[CarlosGM 341]

Those who control the price of bitcoin are the supply and demand of all the people who buy and sell bitcoin but there is no one special who controls the price.
 

[Lugmail 148]

😎 Most of the objects or services that you know and buy have a price calculated based on their supply and demand. 
As for BTC, the same thing happens. It will also depend on its use by different areas. The higher the contract quantity, the more trust its value acquires and the demand will be higher. This will modify its price.
In turn, in the short term, the so-called "whales" also modify the price. 😎 

[Chrenova 182]

8 minutes ago, norbercripto said:

I believe that nobody can manage the prices of bitcoin because it is a decentralized ecosystem, but as the colleague says, there are already whales that try to manipulate prices. most of the time the manipulations make the news. As the capitalization grows, we can be more sure that it cannot be manipulated.

Exactly, the more money enters the bitcoin, the greater the amount they need to move even a little the price will be. Currently it can move a few hundred dollars, but I don't think it will move in high percentages. It may fall due to a global crisis, but due to the acceptance it has, it remains firm. It has all the way ahead to break historical records in regards to the price it had in 2017. I believe that the prices that we currently manage are low compared to how they could be in several years, while you can and your capital allows it, buy bitcoin.

[Mrkstrong 34]

Nobody controts the bitcoin. It is decentralized. The price is the result of the market (the law of supply and demand).

[cristina5 27]

Those who control bitcoin are the same users, that is why it is difficult for someone to change any bitcoin protocol, in short, bitcoin only works with the full consent of all its users, it is like a network that was given the name of blokchain, you only need one  great computing power to be able to process transactions and acquire bitcoin rewards for it.  That is why there is not enough robust with its value and it is usually volatile.

[Jack764 1841]

Bitcoin is a completely independent currency and the prices of Bitcoin depend on supply and demand. If the demand is greater than the supply, the price of Bitcoin rises, and if the supply is greater than the demand, the price of Bitcoin drops.  Nobody controls Bitcoin prices completely, not people, companies, or even governments. We can control the price of Bitcoin.

[Dropzgame15 41]

Bitcoin is a virtual currency that no one can control, but there were strong organizations If had an interest in the denomination. at this time will play the role for their profit There are those we call the big whales who have the ability to manipulate the markets

[Ernesto2492 81]

In fact, it can be controlled through the possession of great capital available to make a purchase of BTC of such magnitude that it becomes one of the very named Whales. Mostly the large corporations that work with the incorporation of cryptographies are the ones that become the well-known whales.

[7madaxx 19]

On 3/28/2020 at 5:31 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!

nobody or organization who control bitcoins. Bit coin actually controlled by all of its users by purchasing and selling bitcoin because once they purchase price goes up and goes down when altot of individuals sell price down

[JorgeOvalle111 222]

Nobody controls Bitcoin, bitcoin was created with that objective, however it is possible that someone with a lot of money, with bots, can throw the price or raise it.

[carlos291 76]

On 28/3/2020 at 13:53, rekter said:

Creo que afectó a algo. Principalmente porque los grandes jugadores en btc también están negociando acciones y otras conmociones y cuando esos mercados colapsaron, lo más probable es que vendieron su btc por sus posiciones de forex u otros mercados de apalancamiento para no liquidar sus posiciones.

this is true, this virus caused the whole world to go into quarantine which caused many entrepreneurs to have loss in trade and this caused income to go down, it causes the same effect in the trade of cryptocurrencies

[marcog045 58]

I think that big investors (The Wahles) control bitcoin and altcoin prices.

When they move a big amount of money, selling or buying large quantities of cryptos, they  cause an important decrease or increase of prices ,draging also small investors  that are , at that moment,    in a panic    or  enthusiastic

[Osiris0 36]

bitcoin is a decentralized currency this means that nobody controls it, the price derives from the buyers and the whales

[FspaceOrion 41]

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!

There is no such price control of bitcoin, the bitcoin price based on supply and demands. Although if you try to sell 10k bitcoin that will surely effect the price and the price go low.

[Zeusplay 27]

In my experience, they are the great merchants with their purchases and sales, even though sometimes they make it fall with their investments, as avia said, sometimes they cannot control it and the bitcoin makes it unstable, which causes losses for them as for us, but sometimes it is very good to take advantage of those demands of the great customers do not believe?

[Darkhika 50]

short answer: no one
actual explained answer: bitcoin is a completely decentralized currency my dude's so no one this includes governments, companies, users have no real sway over its price or how it's handled simply put it's a game of supply and demand and nothing else so it's completely free of the things that characterized normal currency the only actual individuals that can make an argument on how it's "controlled" are the people that have the most amount of money in it in other words "whales" but even them can't dictate truly how bitcoin is and are also at the mercy of the market itself

[MohamedDawood 23]

I think world news and makers and whales, buy and sell .that is my opinion 😊

[YOSEF678 15]

Every trader is impact the bitcoin price but who impatcs more are whales and news about cryotocurrency.

[buildupks 38]

Hi. Well, the same supply and demand for it, in conclusion, the users belonging to the BTC network are those who control the price of it.

However, we know that multiple exchanges have a high rate of BTC in their storage as well as those users called "Whales" that with their high amount of BTC can become a crucial factor to mark and establish a price for it.

[Mohammed Abduo 4]

Hi well every trader can control in btc price but whales can control in btc price more than any one😊🙂