question Who Controls Bitcoin Price?

[rahmi777 320]

It is controlled by market whales who have huge capitals who drive the vehicle This means that if they buy large quantities of the currency, its price will increase dramatically And when this currency catches the attention of small investors and begins to buy it here, they fall into a trap where the sale is carried out by the whales to earn huge profits, leaving the currency in the portfolios of small investors and it is in Great fall and loss

[Efremov13 5]

This is a mystery covered in darkness, but time will put everything in its place and someday we will reliably find out.

Edited October 7, 2020 by Efremov13

[velasco19 1753]

The price depends on the supply and demand of the asset, we all influence the price, we influence little while the whales when they make massive sales push back the price.
In this case BTC is a digital asset so it does not have a defined price but rather its value comes from speculation.

Edited October 7, 2020 by velasco19

[Poncho 4]

The market of supply and demand. Although it is true, there are people with a lot of money who can influence the price of an asset more than others, which are known as "whales" in the crypto world, the principle of supply and demand is still present when defining the price of BTC is about.

[Blackmask011 55]

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!

Hello, friend, the price of things is based thanks to the action of purchase or demand, if there is a greater demand then the supply will rise and therefore its price will rise, and its value will rise, that is why it is greatly inflated prices, as is the case of bitcoin or like etherum that rose a few months ago to about $ 400 US

[sashasasha111 13]

I'm sure that BTC price is controlled by people who buy/sell it. In some words supply/demand law. If there wasn't any people who trade BTC he won't have really big price. Many people make transaction using BTC, and the main connection fiat has with crypto is BTC <-> fiat, I mean. But in one way, more than 60% of BTC hashrate belongs to China, so generally China "controls" BTC. If they stop mining - BTC will fall in price I think. What do you think what will happen if China stop mining BTC? 

[Zafarwaheed 0]

I think the price of the Bitcoin depends upon the  and controlled under the whales which have the supply of the Bitcoin. And also the demand of the currency. The higher the demand ,the higher will be the rate of the currency and Vice versa. During the last couple of months due to cororna virus the price of the Bitcoin decrease a lot.

[rooiie 3]

the market controls the price off bitcoin.

but for sure, the large hodlers are controlling the price.

If a hodler decides to dump it's assets the price goed down as well.

So that's why the btc is so stable 

[gabbiano 38]

For yours experience,  is possible for a group of people or social buy same coin at the same time and manipulate the market like the big investors?

[kengman 34]

Bitcoin price will fly now with most shorting whales withdrawing thier btc from bitmex. But Bitcoin (BTC) price faces numerous heavy resistance levels in the near term, whale clusters from Whalemap show.

[Uda4nik 19]

They most likely sold their btc for their forex positions or other leverage markets in order not to get their positions liquidated

[Mahadi hasan Nayem 31]

There are lots of things related with bitcoin can change bitcoin price, the nromal reason behind the change of bitcoin price is  buying or selling bitcoin  when people buy it or invest here then it price going up . When majority of people sell bitcoin then it goes down

Edited October 7, 2020 by Mahadi hasan Nayem

[sumbr 78]

no one is able to control the price of bitcoin, because the price of bitcoin is determined by many things, especially sellers and buyers, when everyone buy bitcoin the price of bitcoin will go up, but when everyone has bought bitcoin, the price of bitcoin will be correction again, mining also affects the price of bitcoin, the more difficult bitcoin mining, the more expensive bitcoin price, bitcoin market is the same as the stock market, fluctuates according to demand, and also issues that occur in the world, also affect the market

[kabiroff 23]

Никто не определяет цену биткойна, но цена биткойна колеблется, и если предложение биткойна по спросу низкое, а спрос высокий, то его стоимость сильно возрастает, а количество биткойна высокое, а спрос низкий, то цена биткойна снижается.Его цена колеблется в зависимости от спроса.

[v8088 16]

Nobody is control BTC price. Only supply and demand ratio.

[crysoul 12]

Bitcoin is bought and processed in a larger volume by large companies, and they can disappear with all the capital if they want, which leads to a drop in the currency and its value to a minimum

[Syanataz 1]

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use.

[CryptoCat 49]

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!

The traders with large amount of bitcoin they called “ whales”, they are the one who have big effect on bitcoin price, but the rest come from the world (news..fiats lovers..etc), but as time pass people will control the pric as 21 million btc get Distributed adistributed distributed distributed among 8+ billion.

[Mohamed_mgh 7]

btc price is determined by how much someone is willing to pay for that bitcoin. The market sets the price of bitcoin as same as Gold, Oil, Sugar, Grains, etc. is determined. Bitcoin, like any other market, is subject to the rules of supply and demand.

 

More Demand, Less Supply = Price Goes Up  

 

More Supply, Less Demand = Price Goes Down  

[mayabdalla 19]

Supply and demand determine the price and enter the mining mines to participate in the investment

[Giocatore1987 36]

On 28/3/2020 at 10:31, Cammer said:

Hola queridos amigos. 

¿Sabes quién o qué controla el precio de Bitcoin? ¿Sobre qué base sube o baja?

¡Comparte tus opiniones!

I believe that Bitcoin and its price increases are possible. ... It is because emission control is decentralized and nobody controls it

[tanim22 70]

My dear mate a lot of thing manipulate the bitcoin price. Here,  Supplies , demands, miners, development team,traders have own control in btc market price. But there has another big fish who manipulate most of the price of bitcoin named INVESTORS IN LONG TERM. Here everyone controlled bitcon market price  from their own place.

 

Thanks, 

[ajabe2 1485]

Market strategies hold the key to accurately predicting the movement of Bitcoins at any level of significance. Bitcoin prices are not set by anyone in particular. It is set up by the market, and to make things more complicated, it changes.

[lantonio 38]

Many say whales control them, My theory is that I have seen that the New York Stock Exchange sometimes falls and so does Bitcoin, an example in april 2020 The SP500 falls the price of bitcoin, gold also falls and cryptocurrencies fall.

 

I have also seen news of exchanges that manipulate it in the end it is not known I wonder the same

[crysoul 12]

I believe that supply and demand have a big impact on the price of bitcoin. If there is a big increase in demand for bitcoin, it will definitely increase the price and Vice versa.