question Who Controls Bitcoin Price?

[wassim19 645]

Controlling the price of Bitcoin is the law of supply and demand in addition to the manipulation of large whales in the price of Bitcoin and various analyzes such as technical analysis

[Atiqkhan0 71]

On 3/28/2020 at 10:17 PM, rekter said:

Supply and demand, there's nothing more to that. Whales can sometimes control the price by suppressing it and make more money by shorting it, but when the demand gets too high, even the whales don't want to hold the bulls down. Those are the fundamental reasons.

 

If you want to know more about predicting those price fluctuations you should study technical analysis, I am not even starting to explain TA in this answer because that's a huge subject with lot's of different opinions and indicators.

That's been a very very tough question for us. And as we know that this is the one of the best coin right now. And Bitcoin is a thing whom no one is controlling right now. And that is can say called as decentralized.

[Mosa Alnassan 0]

I think the Btc coin will higher after 3 months its up $13000

[DrkMot 44]

The truth is that it is ordinary Bitcoin users who have the decisive authority, and maintainers have no priority right to determine how the protocol develops, as writes E. Gyun Sier, who found a vulnerability in the famous DAO before the beginning of the known problems that divided the Ethereum network.

[Maharba 237]

There are always people behind these big movements, I differentiate two big groups of people who can move these prices, of course, a big group of individual users, are able to generate, by chance, a move up or down, if by chance, a big group of users in a specific time, they think to buy almost all at the same time, that makes the price go down, but it's just a coincidence and there I'm talking about the other group of users, that is, the corporate ones, those who have a lot of economic power and by simply injecting a hard amount of investment at a specific time, this will make the effect similar on the price change, worse when they increase the effect of their corporate economic power, with the help of whales, there any prognosis is broken. I see it this way.

[Nechyporenko 128]

Big whales are near. 

[Billalkhan6712 82]

Bitcoin is a volatile currency when the price goes up again Bitcoin price never goes down I think the price of Bitcoin is controlled by change. Thank you for sharing this with me

[GalaxyGuard 352]

I do not think that anyone controls it, its price simply varies depending on the purchase and sale

[Robrey17 262]

The value of Bitcoin is determined entirely by the forces of supply and demand. There is no 3rd party involved in a transaction (miners are different case). This is the beauty of decentralization. More the demand, more the price/exchange rate rises, as simple as that.

[Anthony Gutierrez 2]

In control of bitcoin it is controlled by the trend of large transactions which can be by an organization or a partner with a large capital
 

[sofiaqq 25]

The price is controlled by the offer and supply basically. People sell and buy Bitcoin and price depends of that. This is a very short way to explain.

[Juan Vazquez 202]

36 minutes ago, sofiaqq said:

The price is controlled by the offer and supply basically. People sell and buy Bitcoin and price depends of that. This is a very short way to explain.

The comment is very successful, as well as that people who do not sell cryptocurrencies also take part and if there are many people who accumulate or keep their cryptocurrencies saved, the value rises because there is less crypto available for sale

[Onden 2098]

On 3/28/2020 at 10:31 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!

I think nobody can control the price of bitcoin, bitcoin is decentralized crypto so no one can control or control it. The ups and downs of bitcoin prices are influenced by supply and demand.

[Badboyalexa 65]

In fact, no one controls bitcoin s values or those who hold Bitcoin sit in the bitcoin stake indirectly. Both statements are incompatible with each other, but both are true. Like other currencies, Bitcoin has no power to control or monitor. There is no specific algorithm to control bitcoin prices. That means no one controls Bitcoin.  

[Puslit 34]

i think people majority, businesses is next

[Sailer 1532]

Спрос и предложение контролирует цену! 

Просто кто забыл: намекну  1% населения владеет 99% всех ценностей в мире! 

Edited October 16, 2020 by Sailer

[Merkur98 97]

On 3/28/2020 at 10:33 PM, Bohana said:

I am actually pretty convinced in your experience my friend. May I ask why did the Corona Virus cause the breakdown in Bitcoin price and how?

Hi friend, your question is very relevant. The Corona virus has affected not only Bitcoin, but the entire global economy. I think the main reason for this was the rise in unemployment due to quarantine. Who wants to bet it on a risky business when money is scarce? No one. In this case, all money is limited to backup. It is also worth noting that many wealthy people are busy helping the homeless. This is my personal opinion.

[titobest 23]

good science for sure is supply and demand control of bitcoin and also the famous whales that in their downs take advantage of bitcoin to buy en masse and in the rises to sell which all influences as more btc sales are made the price falls and if there is more purchase and retention of not selling more, the price rises a game that can be done so that we all want to make a profit.

[duainjo 26]

The price is controled by bitcoin owners, in this groups we could find miners, developers and investors. Offer and demand are directed by all these people. 

[Russel 017 506]

At first we must know what is bitcoin. Bitcoin is currency just like usd or eur.The price of the bitcoin is controled by web developers and miners.Another way, the price is controlled by demand

[Captin 0]

On 3/28/2020 at 11:23 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

Hello my friend, I agree with you that miners and developers can control the price of the currency, but not in a large way. The biggest factor in controlling is the amount of supply and demand for it, as you know that its number in the world is almost limited and this is what makes its price increase when the demand for it increases and this is according to the rules of economics

[danynini 4]

The perceived value of bitcoin varies over time and across people. When bank interest rates are low, people look to invest elsewhere. And they always tend to try to invest where it could make the most money. ... Some also think of bitcoin as electronic gold

[GM266 673]

The price of the bitcoins are not controlled by any humans. It's controlled by the whale. If it was transferred in control of a company or a person,then it couldn't exist that long. This coin has survived so far because it bumps freely whenever it wants and people believe in it because of this. It's programming is quite amazing i guess. 

[Jamillove2580 115]

I think no one can control Bitcoin.  Because it is a kind of online currency and it is a kind of digital currency.  So when this currency becomes popular with everyone then when he knows the currency in the market he knows that the price never goes down or goes up according to the price.  It can never be controlled by any person.  Because if someone could control it, the price of Bitcoin would continue to rise because it would never lower the price.  Bitcoin can never be controlled by any person

[ramonn22 731]

Hello, in my humble opinion, the price of the vehicle controls the demand and supply, we agree that the whales also have little to do with the price, but above all what controls the price of bitcoin is the supply and demand, that's what I believe
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