question Who Controls Bitcoin Price?

[maikelpg82 153]

Friend, one of the characteristics that defines the price of bitcoin is the number of currencies that exist (21 million), and that a part of them is currently unknown. That amount is not available, and more and more people want to have bitcoin.

[Kafon 0]

According to my humble opinion, I see that the platforms control the price, and I may be wrong. I just gave an opinion.

[yulitzaseijas 32]

The price of Bitcoin is not set by anyone in particular. It is set by the market, so it means the prices will vary by exchange. Bitcoin is never traded in one place, it is traded on multiple exchanges.

[Desfase 45]

I had understood that the price of bitcoin is based on supply and demand mainly, it has many other factors such as speculation or market sentiment towards the currency, but I think that it is the same people who modulate the price. Another point to take into account are the so-called "whales" that are people with a lot of bitcoin and can greatly affect the market. 

[rvbeus 22]

On 3/28/2020 at 4:31 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!

Pure sense as there is no underlying collateral. That’s why it is so volotile.

[Ammyvirk01 31]

The supply and demand

yes it the supply and demand which controls the bitcoins price as  you the bitcoin supply is limited or its just fixed. the demand of the bitcoin sure rise in future because everything is  going digital now a days 

[dreamzw 130]

Supply and Demand these two determines the price of the bitcoin on the market supply may also be impacted by the number of bitcoins the system allows to exist. This number is capped at 21 million, where once this number is reached, mining activities will no longer create new bitcoins there by increase the price of the bitcoin same with demand if the demand increases the price of bitcoin increases

[gabegam 19]

Hello, this is due in many ways, but nevertheless everything has to do with supply and demand. You can see it in the world of the stock market, as the shares of companies can go up and down, the world of crypto menedas is something similar. The ideal is to continue searching and studying more about this subject, it is very delicate and amazing.

[Gucci13 157]

Nobody, it is not regularized. It is governed by the offer and the demandam

[Arab 21]

No body control in Bitcoin, Bitcoin  is free coin his Brice control whes it just bid and ask so if some body  spend enough MONEY he can control in Bitcoin Brice (he need huge money no body have it in real life)

[memunis 79]

I think that is a matter of supply-demand which mostly determines the Bitcoin price. However, the big btc holders also direct the price time to time.

[smoketrees9778 7]

big influence has guys, that keep a significant amount of bitcoins on their wallets. thay can swing the course by simply transferring money from wallet to wallet. other players will panic and look for meaning in their actions, which in fact is not. the true meaning is to raise the course.

[edwinsanta 28]

 

The price of bitcoin is controlled mainly by the demand for this currency and the fluctuations that the dollar can generate since its main method of exchange is associated with this currency in addition to its value in the market in relation to this currency although It must be made clear that the mining blocks that are achieved in a certain period of time also influence, the only good thing is that this currency is decentralized and lately it is maintaining a stable market price.

[rekter 8129]

45 minutes ago, Mahfoudgha said:

The owners of Bitcoin are the big central banks in the world, such as the US, Chinese and British Central Bank, but they have the lion's share in the rise of Bitcoin because they own almost all of the bitcoin, but they sell it when its price rises and buy it when it comes out and they are already the ones controlling that.

Banks owning a lion's share? Do you have any proof of that? I know some investment companies own a lot but it's all relative. I know that some crypto ogs own more. Like Winklevoss Twins.

[dark1night 94]

Bitcoin HODLs, considered long-term investors, are known to manage the vast majority of the bitcoin supply. This should be interpreted as a big increase signal, according to analysts. It also shows that a small group of active investors has triggered recent price movements.

[lui1 26]

Yes, the mention of the Hodlers is very good, every day we find out that some financial institution has a significant amount of bitcoints as support

[beydi2021 31]

The price of bitcoin can be said not to be controlled by anyone and at the same time many factors such as supply and demand, the economy of the great powers, the needs of the whales (which are nothing more than large holders of bitcoin) and some other factors are those that will influence the rise or fall of bitcoin.

[CRISTIAN FERNANDEZ 32]

the price of bitcoin is quite manipulable by several factors.
1: the CME Gaps
the price will seek to fill all those selling or buying positions and the same exchanges can have their own whales commissioned for that.

2: the dollar and gold index:
People look for where to protect themselves from the depression of their currency and they will look for the best option where gold and the dollar will be in competition with bitcoin

[DAGF2001 32]

the bitcoin price depends of the supply and demand. if a lot of people want btc it will go up, if nobody want it, the price will go down.

[ekraali 32]

I think that the basis for bitcoin price going up and down is simply based on the supply and demand of bitcoin.  and may be controlled by dollars

[racentenog 61]

In reality, the price of Bitcoin is governed by the demand and the distribution that investors and users make on the different exchange platforms. Almost all cryptos are decentralized and there is no institution that alters or modifies the price....

[cesarock11 23]

It could be said that no one since it is a decentralized currency, as its price fluctuates by supply and demand, in addition to the fact that each person who owns a BTC is part of the market and the behavior of Bitcoin.

[JhoserLG 25]

The price of bitcoin there is no entity, company or body that controls it, it is rather regulated by supply and demand, that is, they are the same users who highlight and regulate this currency with the purchase and sale.

[nakagil 35]

From what I have read, bitcoin is not regulated by any financial entity, or by the government, in this sense its exchanges are irreversible, that is, if a user makes a mistake when making a transaction or suffers a fraud or scam, there is no to whom to claim.

[ganandoconyago 15]

large investors or better known as "whales" influence a lot, as well as the relevant news that comes out about the world.