question Who Controls Bitcoin Price?

[Recardo luca 5]

I think no one can control in bitcoin price but it depends on the trading of people who use the crypto world and other platforms .

[Miguelpc19 55]

On 3/28/2020 at 10:31 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!

There is not necessarily a person who is in charge of the value that this currency can take, but there is a whole community, a society that decides to carry out this program or be part of the system and together they determine the rules, how this money works. So there is not a company, a CEO or a government body, rather it is all users who carry the coin forward.

[Nicolae01 73]

I wanna answer to the people who say "the whales". No. the whales are financial institutions, that are manipulating the market since hundred of years, they know what to do, when and where. Don't think that there is a little dude somewhere on the planet that have hundred of btc and is manipulating the price with that. You must have millions to manipulate the market. A single person, without financial studies will only dump his bag, make a little crash and the market will recover inn few hours. That's not how you control bitcoin price.

[zhoutong 2188]

I don't know this and I was hoping you would tell us but you only asked a question perhaps next time put a questionmark in your title as I came here wanting to learn and you only ask.

[Cesar0207 24]

The truth is I could not tell you in itself, but in my opinion who controls the price is the market and maybe we ourselves for all the boom and the acceptance that has been given, keep in mind that if it had not been accepted from that I think that at this time I would not have the value that has arrived

[Zenh 86]

I think, bitcoins price depending on buy and sell market. Because no one can control the bitcoin price.

[Cacha47 18]

Bitcoin is not managed by anyone, it rises or falls in price due to its demand, since it is limited, if there are many people buying it, it increases in price and if people sell it, it decreases. That's my opinion

[Jonathan0725 57]

5 hours ago, norbercripto said:

I believe that nobody can manage the prices of bitcoin because it is a decentralized ecosystem, but as the colleague says, there are already whales that try to manipulate prices. most of the time the manipulations make the news. As the capitalization grows, we can be more sure that it cannot be manipulated.

Approximately 70% of bitcoin is handled in CME Group futures, the price varies depending on the supply and demand, in the markets there are always the so-called "market makers" they try to move the price with large purchases or large sales according to them. convenient.

[Jeancarlossnow 25]

Who regulates bitcoin? Bitcoin is not regulated by any financial authority, so its transactions are irrevocable. Users have no one to claim in case of fraud, theft, loss or change in value

[carybe69 74]

The bitcoin is a good whose price depends on the supply and demand in the market. That basically. However, as it is a mineable good, the miners' profits add part of that price to this coin. In the same way, when the famous whales enter the market, said price is altered

[abram0v1ch 34]

It works just like with a lot of other goods, in my opinion. If some country says they make bitcoin legal, its prce rises. When some country say they forbid to use it, or some exchange was hacked, the price goes down. So directly bitcoin's price can't be controled, but it can be influenced

 

[tamudosoyyo11 19]

There´s no one controlling any Bitcoin price,the only thing that can be 100% controlled is the initial price of the token,the rest of things like its ups and downs only depend about the demmand on trading and manteinance

[mildred27 317]

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!

Primeramente debemos entender que el bitcoin es un sistema descentralizado que no hay entes  gubernamentales o bancarios que los regule, el precio del bitcoin se rige en  mi opinión por muchos factores como los usuarios al decidir que tanto estamos  dispuestos a pagar por ellos pero igual pienso como todo recurso de valor lo manejan de mejor forma los que poseen mas, otro punto decisivo en el  valor del bitcoin es la minería digital  cada vez es mas difícil minarlo lo que lo hace mas costoso, en conclusión son muchos factores a mi parecer los que  rigen el precio del tan apreciado bitcoin. 

[Anthony Tovar 5]

Bitcoin is a decentralized cryptocurrency, therefore it is not controlled by any governmental or financial entity; However, it is managed by miners, computer servers that, based on cryptographic algorithms, process thousands of transactions a day without stopping and charge a commission in BTC for this work.
Can you really control BTC?
In reality, the network does not have a specific control, it can be said that the miners are in charge of monitoring the network but the control could be said that we each have them since this is a person-to-person network, there is no person who can control this network what is seen in the market is movements that in turn have sometimes been called manipulations this happens when a person or institution moves a large amount of money in the market.

[PabloC 108]

this question is always on my mind, every time i see the price and the orders in the chart, i think how is that the price moves and what are the factor that make this happen, i have tried to learn about this and figure it out but the only information that i have found is that the orders move the price, lets say that there are a thousand more orders willing to buy cheap than there are to sell high, so the price nivelates and the bots and the traders adjust, how dramatic the movement, i think it depends on the number of orders and the volume in question, it is a really interesting topic but definetely something that is worth to search a lot further.

[yuriblanco 27]

On 3/28/2020 at 12:31 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 price of a bitcoin (BTC) is determined by everyone who wants to participate in its buying and selling process, essentially its users. Although multiple factors influence, ultimately, it always determines its price

 

[lui1 26]

Although there are large holders of this cryptocurrency called whales, supply and demand are the factors that make the price higher or lower. although by existing together with a parallel financial system that are fiat currencies, fluctuations are generated as capital migrate from one system to another.

[Elmadany 17]

he price of Bitcoin is set by its supply and demand

[Cristian09 59]

It is not that a person controls the price of bitcoin, in fact there are several factors, with what is being experienced by the pandemic, it has been very fundamental for bitcoin to rise, since the stock market has had strong falls and although bitcoin It has also had falls because of this, in most cases btc has risen, there is also the serious world economic crisis, currencies that lose their value like the currency of Venezuela

[Shuvo46 41]

I don't think that. Btc price is in increase and decrease day by day.i think it is out of our control. When it's price are high and when it's price are low it's says to impossible for us.

[Olaf08 78]

The price of bitcoin is controlled by the forces of demand and supply because the more bitcoin is demanded. the reduced price is due to the low demand

[hatem70 20]

Bitcoin is a decentralized currency and is subject to the law of supply and demand, but there are some whales who can manipulate and sometimes control the market due to their possession of a large amount of bitcoin, and this matter is known to everyone.

[Jromz 2158]

As many others have stated in this thread, bitcoin is a financial asset whose price follows the principles of supply and demand, broadly meaning that the more people are interested in owning a product, its supply will be scarcer, then the price should increase, but if this price goes to high, then fewer people will have interest in buying such products, causing the supply to be higher, and the price will drop until it gains people's attraction again. Also, as others have mentioned, so called whales or institutional money can manipulate the price in order to buy and sell an asset at the most convenient price They do so by pumping or dumping the price at their own convenience. Other market participants, like exchanges can also manipulate the price in order to liquidate short/long positions of retailers, in order to minimize their own losses.

[Katynguyen 31]

The price of bitcoin is not controlled by anyone , it increases or falls depending on the demand for bitcoin, if there is no demand, then the price will not grow under any conditions.

 

[SOLCITO 28]

Nobody controls the BTC, prices move according to the supply and demand that is presenting itself in the market, but if there can be situations in which characters with very high quantities of BTC can move the market a little bit, they are those people who are called whales, they can influence the market a little bit in every transaction they make.