question Who Controls Bitcoin Price?

[Mridul Rahman 1058]

Bitcoin nowadays always on high demand.That measn it needs more supply.The more people buy bitcoin than sell the more the price goes.But sometimes whales control the price when it is needed.Thet creat a huge amount of buy sell orders to pump or dump bitcoin.

[George10 9932]

We traders are the ones controlling bitcoin price,when there are much sellers the price will definitely go down and when there are many buyers the price goes up,this is my understanding on this one,let me hear from@Gideon$

[ahmed alaraby 117]

Bitcoin price is subject to supply and demand. Accordingly, every trader can control the price of Bitcoin. The more bitcoin the trader owns, the more powerful his influence on the price of Bitcoin increases. There is no single entity controlling the currency whose value has become estimated at more than ten thousand dollars. Anyone can contribute to the Bitcoin Core instruction base and there A large number of developers who provided significant contributions and code to improve it
As for the supply of Bitcoin, we all know that Satoshi Nakamoto, with the development of the Bitcoin code, said that the number of Bitcoins will end up with 21 million units of Bitcoin. This is in practice either in theory.
 The Bitcoin Core development team can decide to change the source code to bypass the limit imposed on the supply of bitcoin

[Isabel2310 54]

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.

 

By not being monitored the transactions are free of any commission or taxes.

[fahed 106]

Firstly, basically the news is the main thing that controls the market movement, Bitcoin and everything else, and secondly the platform owners, whales, and market makers have a large percentage of the movement in Bitcoin, and then ordinary people like us.

[Herry Timisela 35]

sinced 2009 bit launched, BTC value alaways getting up till now. When I posted, 1 BTC = $11,334.20. a very super great value of coin!
who controls bitcoin price ?
as we all know, the price of something, even it goods or services has price! the price depends in economic system, which is deppends on supply or demand. as many as customers needs it, of course the value will gets higher! BTC has a lots of custome whole over world that made BTC is a primary needs in crypto for now.. Not only that, because BTC support or has many functions. we can use BTC to pay for goods or services for sure, as i mentioned above. we can trade it,no doubt to trade using BTC, or the best way to make lots of money is with hold into BTC and wait till BTC price gets higher than now so you can sell it..and buy it again when price is lower at the last time you sell (basic rules of trade of course).

 

and BTC represent good merchant companies in many aspect, so demand of this BTC always get higher.. These all controls BTC price!! so the conclusion is, as many as coins has many function that make it can get a lots of customers then the price will gets higher and it get controlled by too

[hatambaba 1064]

Personally I think there are some people who control the bitcoin. In fact some group of large investors are controlling crypto market. means if they want to dump it they will make more bad news and will dump price in the market, and do the same with pumping.

[Ponnnu 962]

Bitcoin does not have an organization or body to control its price. It is a decentralised system. And its price is completely dependent on supply and demand factors, that is the holders of the crypto determines its supply, demand and price. And there is no mechanisms to understand how the price fluctuates in the market. 

[peter55 459]

The price of Bitcoin is not controlled by any particular person or company because Bitcoin is mined and the valid blocks are extracted from it all over the world.  In other words, Bitcoin is not owned by a person and sells it to the world.  You can count Bitcoin on your phone and own Bitcoin, and the price of Bitcoin depends on the demand for it, and the more demand for it, the higher its price.

[CarlDash 49]

On 3/28/2020 at 11:31 AM, 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!

 

We, the consumers of bitcoin, are the ones who give the value to Bitcoin, supply and demand.

Depending on whether it dominates a given day (buying or selling), the price of bitcoin begins to fluctuate, because of its large volume it takes large movements to vary its value significantly

[ajabe2 1485]

Bitcoin is a universal currency and decentralize, So no one can control it. Bitcoin's market moves by itself but some times the whales would start moving. they are early adopters and yet didn't cash out their Bitcoins. So they play dump and pump games with little fishes.

[Zeshan Khalid 2577]

The fair method of its price control is supply and demand but there are other methods like whales sometimes restrict its supply by purchasing in large amount and storing in exchanges 

[jasson 25]

bro noting anyone control bitcoin ore other coins price its depend on market if peoples are buying more then bitcoin will grow ore when we sell it bitcoin will drop its price so its an proper market 

[wassim19 645]

There are many things that control Bitcoin, such as strong news that affect price, supply and demand, in addition to the big whales that manipulate the price.

[cooperallch 349]

Who controls the price of bitcoin is the market itself, sometimes some news can influence the value, but the ones who rule the bitcoin price are the businesses (investors)

[Sallujam 886]

As i know i can say that the crypto currency is controlled by developers and the miners who are mining and also you can include demand and supply cycle on this actually I'm biggener i just can say that

[Biojay 2080]

On 3/28/2020 at 9:23 PM, Nezar said:

The price of bitcoin is controlled by developers and miners, although the currency is decentralized, but it is controlled by these people and they are a network of people worldwide who check transactions

I still don't understand somethings here, please friend can you please tell me what Bitcoin is been use for , I'm very confused about it and I want to know about crypto currency

[Abuhassan 89]

Bitcoin is a decentralized digital currency it is not backed by any central authority t no body controls the price of Bitcoin the price rise or falls as a result of demand and supply if the demand is higher than supply then price rise up and if there is less demand and high supply the price falls down so the price depends on demand and supply.

[RoyalHouse01 9]

I am too wondering who controll the rate of the market of the cryptocurrency as there is no single person who do this. I have heard that there are many factors that do this but I do not know how they do so.

[KURTAULI 1297]

On 11/6/2020 at 1:14 PM, Abuhassan said:

Bitcoin is a decentralized digital currency

You are right I agree but I think a lot of manipulations are happening in the crypto world. We are glad that the price of Bitcoin is rising but why is it actually rising? Why is the price rising for no reason? The main problem is TETHER and manipulations

[ajabe2 1485]

Whales, ordinary people, investment institutes and world economy as a whole affect on crypto market. So this market is a self control market but manipulation in terms of price movement is always out there. large players who have tons of cryptocurrencies can easily manipulate prices at their own will.

[Ponnnu 962]

Hey friend, there is no specific person or organization that controls bitcoin price, because it follows a decentralised system. Its price is mainly controlled by demand and supply factors. But users with large amount of bitcoins has the power to control its price to some extent. So when the demand increases price increases and vice versa.

[Gwataman 147]

Basically supply and demands controlls the prices in general , this also applies to bitcoin the quantity supplied and thequantitydemanded affects its pricing the more the quantity demanded the more the increase in price.

[Thatguyfromzw 2]

Yes yes supply and demand determines pricing of goods and services

[Ameralsamt 2558]

Hello my dear brother ... the price of bitcoin rises and falls like any other currency, there is no specific party that controls its price ... but the large demand for this currency contributes to raising its value .. Thank you