question Who Controls Bitcoin Price?

[Dinero49 39]

My opinion is that the price of Bitcoin is heavily influenced by whales*. Theoretically the price should change because of the law of supply and demand, but big investors are manipulating the market. Other factors affecting the price of Bitcoin are news in the world of FIAT finance and the price of gold. Successes, my friend.

*Note. Bitcoin whales are considered market players with significant funds that are able to move the cryptocurrency market.

[AlBitcoinCapone 21]

I agree it is simply supply and demand - however, some big players probably play the market to profit. As the crypto market is still small ( compared to other markets) it is still possible to move the price if you have a big amount.

[JoaoFontes 145]

Yes friend.
a very simple example, the air launch of Yobit.Net that is taking place right now, let's assume that everyone who manages to earn the currency, if everyone withdraws the currency from the exchange, the value placed on the launch will drop very .
OK???

[Marcelinhodosol 11]

9 minutes ago, JoaoFontes said:

Yes friend.
a very simple example, the air launch of Yobit.Net that is taking place right now, let's assume that everyone who manages to earn the currency, if everyone withdraws the currency from the exchange, the value placed on the launch will drop very .
OK???

Yes, now that I’m thinking about it, yes, it makes sense as I see it does

[JoaoFontes 145]

These are the factors that influence the value of bitcoin.
Supply and demand;
Bitcoin scarcity;
Acceptance of Bitcoin in retail;
More long-term investors;
Variation in the price of Bitcoin and the dollar;
Bitcoin's entry into other markets;
Monetary policies of central banks.

[Marcelinhodosol 11]

Just now, JoaoFontes said:

These are the factors that influence the value of bitcoin.
Supply and demand;
Bitcoin scarcity;
Acceptance of Bitcoin in retail;
More long-term investors;
Variation in the price of Bitcoin and the dollar;
Bitcoin's entry into other markets;
Monetary policies of central banks.

Thanks, I’ll search the internet to find out more about it, thanks 😍 

[Treys 63]

On 28.03.2020 at 16:31, 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!

I think that, bitcoin depends of line products on real world. Gold, Oil and even coronavirus all of this affect on price of Bitcoin. But for real Bitcoin its only code or program.

[Puslit 34]

when btc stay at 200$, means few whales, but when btc jump to 10000$+ there is a country join in

[abid102 48]

The traders control the btc price. mainly the price started growing when the traders buy btc more and when they sl much then the price started to go down. btc is the best crypto to me.

[Nwankwodavid 18]

It is usually demand and supply that controls the price of any currency or commodity. Demand and supply drives the price of bitcoin, news also have an effect on the price. 

[manar 39]

Everyone who has information about trade will say that the matter is related to supply and demand, and this matter is relatively correct because it is known that the more demand for a particular currency will increase its price, and vice versa in the event of a lack of demand
So we find that his mother is not a major controller of its price, but we are all responsible for him who work on trading platforms

[SmoothChilling 14]

the offer and demande on the crypto; that's what controls indeed any sort of product.

[eywizard 103]

Nobody controls the price of bitcoin and that is why it is so in demand by everyone. The market is the one who controls its price. The more bitcoin purchases there are, the more the price will go up. On the other hand, if there are many sales, its price will decrease.

[Yogidon712 132]

There is no one that control the price of bitcoin totally , all of us have impact on it . Yes if someone having huge load of bitcoins sell them or some one with a lot of money but 100's of bitcoins that can effect the price of bitcoin pretty significantly  but at the end the diff between the buyers and sellers is what effect its price the more the buyers the higher the price and the more the sellers the lower the price.

[Rex322 137]

the main feature of bitcoin and other cryptocurrencies is that they are not influenced by the state.  They depend entirely on the number of people who bought it.  That is, if many people have bought, the price rises.  if many people have sold, the price drops.  also affected by cataclysms and news related to crypt

[hatambaba 1064]

No one controls bitcoin. it's fully automated and decentralized and no one could every control also. you might hear that China is controlling bitcoin but that means China is controlling the price by investing and trading more with bitcoin.

[smil113 287]

There is no way to control it's price

It's an open market 

That works 24/7/365 

The level supply = demand is price

 

There a lot less bitcoins on exchanges now

That leads to less liquidity

So big spikes are possible in moments 

 

Also market isn't only on exchanges

People trade huge sums offchain 

So called OTP trading

[daveontario07 92]

Bitcoin price is not controlled by anyone it is based on market demand and supply like any other market . Demand and supply is key element who plays a main role in controlling Bitcoin price.

[Asdefasd 19]

In theory and for the most part - supply and demand. The higher the supply the higher the price, the lower the lower... But there are whales (high bank traders) that can influence the price hard

[Marco Goncalves 78]

The Bitcoin doesnt have a regulator, the price is based in supply and demand that we as investors make, with high demand and less supply the price is bullish and the price is bearish when the supply is higher than the demand

[Charlingo 9]

The price of Bitcoin is controlled by digital markets thanks to supply and demand, including independent traders like whales who make large investments in said cryptocurrency.

[Cryptpanda 153]

Basically bitcoin is controlled by investors. When you invest a lot of money in bitcoin it become stronger and stronger. And when you withdraw your money from it than it become weak

[baykriptoo 15]

my friend, bitcoin is a decentralized currency that isn't controlled by someone specifico the price of bitcoin is controlled by its users..

[Juynul2020 3]

Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies, and the exchanges it trades on

[Fixfin 2569]

What controls the price of what you eat? You ask a question made a post in thirty seconds and you didn't even care to explain anything. Some of the worst posts in the forum are like this one, avoid asking questions like that. I could make a post asking why we breath instead.