question Who Controls Bitcoin Price?

[Yoz 192]

I remember I read once that in this virtual world there is a fixed number of bitcoin, it is not an unlimited source, that is why the price keeps changing. Then of course you have Elon Musk who can change the price with just a simple tweet.

[Huhh1440 712]

Cryptocurrencies are like any currency, their price is linked to supply and demand and the amount of compatibility between them, whales can control the price, but within permissible limits only, and there are a lot of charts and analyzes that you can study, showing you the method of forecasting the price of currencies according to the events

[Ali372 213]

Hey my friend, I am really new here, and from my personal opinion, I think Bitcoin is not owned by anyone and is controlled according to the demand for it.  If it is very much needed, its price will increase.  I mean in my words, the whales are the ones who control its price. Am I right or wrong?

[Vola1s 727]

Actually nobody controls Bitcoin, but supply and demand greatly influence the price of Bitcoin. But usually whales or multiple Bitcoin owners can influence Bitcoin's price, because whales can influence supply and demand by buying a lot or selling a large quantity of it. Besides, the Bitcoin price is out of control.

[Saraassaad 10]

I do not have enough information about this ... but my opinion is that no one can control the Bitcoin currency directly, as it depends on the role of supply and demand ... if the supply is low and the demand is high, then the price will rise and vice versa .. We need to work as one team to change Any prices and that we agree on one price in circulation

[ibrahmibrahm 314]

My dear friend, some say that those who control Bitcoin are miners or livestock, and this, in my view, is not correct, and this cannot be done because Bitcoin is a decentralized currency that no one can control except supply and demand. I have provided something useful.

[Saba Malik30 608]

Crypto market is totally based on rise and fall of currency.  We can say it depends on market fluctuations.  It is amazing . But there is morning after darkness. And I think many experts few big whales controls bitcoin price but it's just some time when they earn profit they leave from cryptocurrency.  But I am not sure . Senior members please help us in this regard

[Oday22 253]

The reason for the high price of anything is the high demand for it, and the quantity does not meet all demands, and the low price is in its abundance and lack of great demand

But for Bitcoin, there are approximately 21 million bitcoins in the world, so its price is high, but it decreases when the demand for it decreases.

[Miraa 654]

My friend, Bitcoin is a virtual currency, I think no one can control it ,it's decentralized currency, it's price I think depends on the theory of support and demand of its user ,also whales maybe control its price. 

[Ching2218 399]

Bitcoin is like every currency like USD or EUR , the market how control the price, is about the sell and bay, the price will rise or get down, so the market how control the price of bitcoin.

[Ali_Yaseen 252]

I think that supply and demand is the primary controller of the Bitcoin price, and the financially strong people can control the price by buying or selling, and I think that the Corona pandemic contributed to the increase in the value of Bitcoin. 

[johar12233 310]

In my opinion, cryptocurrencies in general, not just Bitcoin, depend on supply and demand for the rise and fall of the price, and this matter happens to all currencies. We see that the Bitcoin currency has risen and in the future we see a great appetite for buying And selling and trading within platforms on Bitcoin.

[FlyingHollandMan 146]

The bigger the demand and supply, this will alter the price of BTC. The market also plays an important role in this part. 

[Deaadawa 23]

Dear Friend
The supply and demand is the one who controls the price of Bitcoin, where the value of trades in the market, the increase in demand for it, the increase in its popularity, the volume of investment, the amount of currencies in the trading market, and there are also many indicators and studies that control prices

[David Ward 138]

Certainly the stock market, demand and supply are the ones that control the bitcoin price, and there can be nothing else illegal or fraudulent .. This is what I think.

[Rabia Daim 0]

I'm also say that price of bitcoin depend on the way you supply your thing and how many of people they demand your thing prices can be always up and low. 

[sea&& 272]

Bitcoin's reputation is controlling it, and it is always on the rise, and soon or in the future it will rise several times, this is what I think and the days say that, Bitcoin has good features and reputation in the trading market and this is what makes it rise high.

[Issa88 274]

In my view, I see that what controls the price of bitcoin is the amount of sale and purchase that is made, and also the amount of demand, the more the amount of demand, the higher the price of bitcoin will increase

[Harry jhon 246]

There is no such thing as controls ,there are concepts that affect the price.The price is affected by supply and demand.It also affects economic news in the crypt and various crises.

 

 

[Sama 91]

It's basic, and we've all experienced it. But that nature is broken in Bitcoin, as this is a decentralized system. Tidy with math, but lawless in control. That means that there is no one who controls Bitcoin as such, since what really determines its control is a purely digital code, software, something intangible.

[JojoSy 9]

The whole thing is related to the entry of the Wall Street market whales into the cryptocurrency market, led by the second richest man in the world, Elon Musk, founder of Tesla, the electric car maker.
Musk was not the first big investor to express their willingness to invest in Bitcoin, but he is the most famous in the world. In May 2020, Paul Theodore Jones, the director of the hedge fund, announced that he had bought the digital currency.

[dlal88 725]

Dear, the price of bitcoin depends on the supply and demand in this forum. If the supply is low and the demand is high, then this makes a high price and vice versa, so no one, no matter what in this world, can determine the price and there are special people who control the price of bitcoin

[Mohammed33 461]

Its price is linked to supply and demand in the market, as well as the entry of Wall Street market whales into the cryptocurrency market, as they greatly affect their prices.

[emilyolivia 104]

Friend i think supply and demand control the value of bitcoin . When the supply and demand of bitcoin is high then the value of bitcoin is also high. I hope i am right because it is my point of view but i am not make sure. 

[دودو 293]

Those who control the currency, including the stock markets and investors who have very large amounts of currencies as well as large metals

It is also controlled by buying and selling bitcoin.