question Who Controls Bitcoin Price?

[kizz 3370]

No one controls the bitcoin price, it is based on the demand of the users. It changes all the time because of its volatility in the market.

[Yomose 3704]

16 hours ago, Cammer said:

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. 

You need to be current in crypto news, it was later revealed that the corona virus pandemic was not the reason for the abrupt drug of price of cryptocurrencies  in March. Normally, the time was not the first time cryptocurrencies  prices dropped that way. 

[issa123h 0]

I think at first binance was the main platform controlling 

In bitcoin price after this yobit now also controlling 

In bitcoin price now

[BTC Future 3946]

On 6/11/2020 at 11:25 AM, Captain Karim said:

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.

It is as you said @Captain Karim. The third factor is the most important as in the past price of Bitcoin was rising along with adoption. The problem is that the adoption was supposed to be on the merchant side, accepting Bitcoin for payments. This changed lately and instead of merchants, the Bitcoin community decided it is best to focus on Bitcoin as a store of value mainly and perhaps try to develop a layer-2 solution the Lightning Network that will be used by merchants. 

[Cammer 4609]

3 hours ago, Yomose said:

You need to be current in crypto news, it was later revealed that the corona virus pandemic was not the reason for the abrupt drug of price of cryptocurrencies  in March. Normally, the time was not the first time cryptocurrencies  prices dropped that way. 

I am sorry I did not understand what you said. You have some spelling mistakes brother, can you give me a link of the news about Bitcoin and CoronaVirus?

[MrGox 880]

Whales can manipulate BTC price, but that doesn't mean BTC price can be controlled by  anyone or any banks. It depends on only demand and supply. That is it. 

[AmjadBydn 0]

No one will control the price of bitcoin and that's why people here like it! Because it's really amazing thins because bitcoin is for all! Not just for government and rich people!

Bitcoin Price depending on the demand and supply !

[3ola3omran 604]

My friend, Bitcoin is a virtual currency, I think no one can control it ,it's decentralized currency, it's price I think depends on the theory of support and demand of its user ,also whales maybe control its price .

[Sarahden111 1231]

In general the bitcoin price controller is the supply and demand and the quantity ,which is more, supply or demand and one of the factors that play a role in determining its price in general is its limited number.

[Adill khandakarya 47]

the prices of this market depends on its quantity and demand...

 

 

 

 

 when its demand get grow up....  automatically it price get raised... so the demand is the powerful thing which control the prices......

 

,,,, and it's also depend on supply ... 

[TheRaed 1247]

The most important thing that affects the price of bitcoin is the movement of large capital that decides whether to put the currency for trading in large quantities and that leads to a price drop
Or, conversely, when the demand for bitcoin increases, this leads to an increase in the price

[Izeal 4404]

Ad this coin is decentralized coin, noone controls the price of this coin but this coin itself determines the coin according to their trading volumes .

[Solex 2262]

From my experience there is no one that controls the price of bitcoin, all I know is that demand and supply of the coin is what determines the price in cryptocurrency marketplace. Whenever the demand of bitcoin is high in the market then that is when the price rise and when there is low demand the price fall down a bit.

Edited July 14, 2020 by Solex
error while typing

[Solex 2262]

On 7/13/2020 at 9:42 AM, Bruno50 said:

In point of my view it's only Traders or investors can able to control or know bitcoin price accurately because of their hard work all the time on market place buying and selling apart of them I don't think there is any person who can take control of Bitcoin price on market place

My friend even the traders and investors cannot predict accurately the future price of a specific coin, the only thing that controls the price of a coin is demand and supply in the market and sometimes the whales since they have huge capital buy from the panic sellers.

[Alimhana930 1605]

In a commercial term, the percentage of demand for it is what determines its price and its access to this value. There are several reasons, including its limited number and the lack of control by a certain authority in its value.

[Alex9876r 1408]

In the simplest terms, the one that controls Bitcoin's price is supply and demand That is, the quantity of purchase from it and the amount of sale And the amount of these floats, and since the market is still somewhat small and still in the process of growth, the main controllers in the market are the whales.

[Dorjoy12 8962]

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!

Nobody able to Control btc price because if it was possible then one person will buy all the btc Then for forever he increase the price of btc.. Actually stock market also cant control the btc price.. Again all crypto currency price depend on Their supply and trading volume per day.. You should take your own research..                      

[Apollo Crypto 245]

Actually there is no specific person or something that control the btc. But seeing some replies on this topic seems true. Demand and Supply, cause of the exchange in Market the price of btc varies. 

[el-Muhammady 718]

Bitcoin remains a volatile currency and for that reason it is difficult to predict or fix a prize for the coin, the only two things that controls the prize of bitcoin in the Cryptocurrency marketplace is demand and supply of the coin in the market and sometimes the whales also do so that panic sellers can sell to them and they will accumulate more in there wallet.

[BraveHeart01 1569]

There is no certain peron or organisation that control the market of cryptocurrency, there are multiple factors behind that you can search them on yiutube or google and read that.

[Marks33 535]

I don't think there is any organization or banks that control the price of bitcoin because it is not issue by any commercial or central bank. I think the only things that control the price of bitcoin is the supply and the market demand for the coin.

[Mike1515 2977]

I dont think anybody can comment on these with no clear mind but there is no one who can control bitcoin , bitcoin on its own has its life, but there are those who try to influence the price, they are called the whales and sometimes when they comment, most investors would take a certain position whether buy or sell , to where the market is taking positivity .

[Roan 2166]

As long as we are talking about a currency, whether digital or tangible, it is affected by market movement

And the market is affected by supply and demand

I think it is the supply and the demand that controls the bitcoin price

[iloveyobit 6599]

16 minutes ago, Roan said:

As long as we are talking about a currency, whether digital or tangible, it is affected by market movement

And the market is affected by supply and demand

I think it is the supply and the demand that controls the bitcoin price

You are right by a large percentage, but you must bear in mind that also whales or those with a large amount of currency can control the price quite easily, whether by raising or lowering it,good luck 

[Mella 3680]

There seem that no body is control the price but exchange give their price  from trade. A question that is very simple and mean that you may have to study first economic and then trading to understand. There is demand for a object and if this demand is going higher then price may go up and there is supply too. If supply is lower then price go up again. You have to learn basics of economics that are taught in shool.