Bitcoin Forum

Bitcoin is seen as a currency that is not regulated by any institute. It does not generate any revenue and therefore, has a zero minimal value. What then brings about its value and drives it as well?

To a certain extent, most prices are driven by individuals.

If no-one wanted to pollute the planet and thus the demand for gasoline fell sharply, so would the price (until all the infrastructure was destroyed thus raising the price of obtaining gasoline by reducing the supply to near 0.


Bitcoin is more independent the traditional markets because there is usually no third party involved therefore individuals have more control over the price.


Again, with gasoline the government imposes a lot of taxes on it thus raising the minimum price.

This doesn't happen with bitcoin.

The independent nature of bitcoin is the major factor driving it. I believe people are tired of government, being controlled and watch over like some nanny  :'( . They want to control themselves and don't want a third party and the politics of money.

It can be driven by individuals because Bitcoin's price is based on the law of supply and demand. If many people will be using Bitcoin, it will lead to more demand and higher price. The total number of Bitcoin is limited only so if there is higher demand than the supplies, the price will soar higher.

What bring about the value of bitcoin is it market capitalization because the price depends solely on the force of demand and supply once the the demand increase the market cap will increase and that result in the increase of it value in the exchange market so we as a community are the determinant factor in the value of bitcoin.

This has become a rhetorical question, honestly.

Bitcoin has its value due to the demand present for it. The tech it offers alongside with the institutions surrounding it is what gave its value. Every person involved in bitcoin has their own valuation of 1BTC, and can go on to pay for so much, and sell for a definite amount of their liking. Same as fiat, the government tells us that those paper and metals have some corresponding value due to them providing something for their citizens in return while normally, a paper doesn't really amount to anything and a metal is, well, a metal. We individuals unconsciously agree to this concept thus creating some value for a rather valueless piece of object/digital data.

Right. Rumors spread and people tend to speculate. And the people who believe it has value are the ones who actually give it value so in a way yeah, individuals do influence btc in a big way.

Cryptocurrencies are decentralised and no one can control the bitcoin or altcoins.

If the value grow or dump it is all because price manipulation attempt done by the various sides. Mostly negative and positive news does this price changes.
Next to that bulk bitcoin manipulation may occur the dump or bump mate.

Large bitcoin holders can manipulate the market. They have a lot of money and they can pay the media and spread any news or stir up the hype, like it was last winter.

Bitcoin is currency which is driven by the basis of supply and demand. The market will rise with the increasing number of investor. So, Bitcoin is driven by the individuals rather than any institute.

Independency and decentralization are the bigest advantages of Bitcoin or at least were at the begininig.
Price is defined on the market and use and support of users, so individuals, is something that actually keeps Bitcoin alive.
Some are convinced that individuals that posses huge amount of Bitcoin are actually defining the price and driving the market but I don't think their influence is so big.

Yes, I think that is possible. Individuals can directly influence the value of bitcoin if they buy bitcoin in bulk. The value of bitcoin can increase. We know that the amount of bitcoin is limited. If it is big investment. It will directly affect the value of bitcoin and create price fluctuations

Sovereignty and individuality is a main characteristic of bitcoin and that made it so demanding. The price value might vary according to the market price, but the usage and exchange totally depends on the investor.

Bitcoin having a value from the deep dark market it is only become valuable when being use to trade for good and other materials someone was buying by then the market increase its major value seeing every now and then bitcoin being used every minute someone purchasing it and using it for the reason why it's price surge time by time it is being broadcast to blockchain.

Same us other things that has value, bitcoin's value really depends on the supply and demand of the market. Adoption of the public to bitcoin determines its value. We know that bitcoin has a limited supply of 21M and as we are closing to those limits the difficulty of mining one will increase and its value will increase as well depends on the demand. That is why I'm very positive that bitcoin's value will really increase 2-3 years from now because of those things. Supply limit and difficulty in mining btc will really affect the value of bitcoin in the long run.

You're wrong. It is driven by everyone in the market. And the total collection of each individual push the price of bitcoin. Imagine thousands of trader everyday buying/selling it, so its going to be a cycle so to speak.

So when there are not buyers the price goes down, but when there's a demand the price shoots out and goes to the moon.

There are no "centralized" organization driving Bitcoin. This was tried before with the Bitcoin foundation and it failed, because Bitcoin does not need a "centralized" organisation to represent them. Bitcoin adoption is driven by normal "word of mouth" from one person to the next and some collaborative actions from some smaller role players in this scene. <Bitcoin services>

The price can go to zero, but it looks like this is going to be highly unlikely in a normal environment. <If nothing fails>  ;)

In my views, I believe btc is driven by the people in a way where there is more demand for btc then more buying will be made thus resulting to a positive impact for the btc market. More people using btc as transaction payments is also good for the circulation in the crypto market and could also make btc market more active and evolving.

bitcoin does have a minimal value.
its based on many factors. but fortified and strengthened by the cost of acquisition

do not be fooled that the price is value. there are actually 2 layers to it
the underlying value is the LOW of a long-tested out period where its clear that the majority refuse to sell below.
this is based on acquisition costs... the volatile price is the speculation above that which is variable

concentrating on the LOW/acquisition/bottom
its not just buying on the market but also mining. if it costs the average/majority of miners atleast X to mine bitcoin. they wont foolishly sell for less. and if they can buy it on a market for less than they can mine it. they will buy it. which helps build up the underlying value of X
over the last year based on mining costs. the amount of coins that have moved/traded and such, the majority of coins hold a underlying value of $5,800+
yea some people bought at $6k-$20k but the higher the number goes the less people actually got it at that price.
but as based on a good long 11 month period of multiple opportunities for everyone to sell for less than $5,800 no one has bit. mining costs are also above $5,800 which also as i said strengthen that bottomline value where people wont sell at a loss. so there is a bottom.

i emphasis the 'plus' of $5,800. but du to lack of test of time, retest of bottom, variable mining cost variable market acquisition cost and lack of majority of all the above. mentioning any underlying value specific number at this point is too early as the majority have yet to really test, prove that a higher milestone should exist (EG latest retest of $5,800 was not that long ago. and the maths of mining costs also shown that there have been some opportunity to mine coin at $5,800 recently too even many periods above $5,800. so its just too soon to call out a higher bottom value
 

its like gold. if it only cost a penny to mine gold everyone would mine it as they could sell it for any price and break even and profit. thus gold wouldnt be ~$1k/oz
the reason its $1k/oz is because gold needs excavators, diesel, labour which cost money. so miners wont sell for less
as for the gold markets. again if the majority of holders bought gold at a penny they would sell for any price. but they too over time been paying high hundreds and this last decade the $1k area. so thats why gold has a underlying value of such.

It is much meaningful if we say bitcoin is driven by a community created with individuals who are traders or investors and there actions make a huge change for the price of bitcoin and its future also its demand and value mainly decided through there actions and that attracts the rest of the world but it doesn't mean that media and governments action have no effect on bitcoin or its progress but above can be considered as significant 

What really drives bitcoin is the supply and demand. Bitcoin has its own independent value. The price is influenced by the number of users.

I believe there are a lot of answers to such question but as for me, I believe the people who have faith in bitcoin and other altcoins drives its price up and down. If more people learn of it and how to use it, the price will go up. Given there is FUD, the price is down. Most of these are driven by a group of people most of the time because they want new entries to the markets. :)

One gets the impression that Bitcoin price control is fully within the competence of market participants.

The independent individual as an option is not getting better than government. The rich owners called the whales are now the main manipulators, they are the unexpected problem and new crypto government.
 
The only drive should be the demand and supply but until this year, the demand has been maintained and the price falling.  If the demand increases and the seller provide a lower price compare to market, it creates panic. This result in lower price order by buyer, this is the pattern of manipulation.

Bitcoins is all about the people behind it and when I talk about the people it means that I am talking about the investors into bitcoins. It's the investors that keep bitcoins afloat and if Bitcoins should go down then it will all depends on them as well.

Most often I think? But right now the institutional are here and they will buy bitcoin as much as they can then sell those accounts to their clients. Actually im more realistic in the bitcoin price after 2 yrs coz price could change from it current standing. We're lucky that we are accumulating at this price.

Bitcoin was devised by an individual named Satoshi Nakamoto, which is an alias. Bitcoin might have been created by an individual but it is not driven by anyone. It is collectively governed by all the stakeholders.

not. As far as I know, the one who can drive bitcoin is the person who is not an individual or one person. because if more and more users are using bitcoin, then the faster bitcoin will experience price increases

yes, to a certain extent, we the people and users are driving bitcoin.

Yes bitcoin is being driven by us the end users and as a community the progress and fall of bitcoin lay with us our activities and at that since there is no body that regulates the activities of bitcoin since it a decentralized commodity, and at that it operate on the economic law of demand and supply.

Bitcoin is different than the common market because there is no outside party to control the price.The decentralized feature of bitcoin is the factor driving it.Thus the individuals have more power to make it go forward.

Bitcoin is indeed difficult to control, which drives Bitcoin is an efficient and effective system and guaranteed security so that bitcoin is interested in by various circles from the community and from the institution's point of view that greatly encourages bitcoin.

The value of Bitcoin is not in its price and Bitcoin is not a means to save money.

The decentralized Bitcoin network has opened up the possibility of innovation:

• the blockchain,
• open source code,
• additional improvements based on the existing network.

Individuals who are related directly or indirectly to this market, drives the Bitcoin market.We all know that the price of Bitcoin depends upon it's demand and here demand is the number of people buying and selling .So with an increase or decrease in the demand the price increases or decreases which means that definitely the individuals have a large role in driving the Bitcoin market.

Bitcoin has value because of demand, value will increase with increasing demand, and because bitcoin is not controlled by the government, if demand decreases and many of those who sell it certainly will reduce the value of bitcoin. That is bitcoin, a value that can rise and fall depending on market conditions.

The people, the technology, the demand and the supply.

Those are the factors that drives bitcoin's value and yes you and I are part of those factors. It's worthless if there's no adoption and you can't use it in real life although most alts has its own price but doesn't have real use case and bitcoin is different from those.

It has its market cap that has the biggest share in the crypto market which has been contributed by us.

Yes I agree on that every individual specially to those who are investing in a big amount in bitcoin will really drive the price to become high and sometimes low, I think it is all because of the direct effect of purchasing or maybe dumping bitcoin on the market place, it will always depend on the volume of investors in the market place.

Bitcoin is not the same as fiat money. Bitcoin attracts more people because of being decentralized and digital yet the value is not stable more and more people are engage on it.  The more people who use bitcoin  the more to increase it demand and supply.

Why is it not profitable?Very even brings!Someone not at all bad this could get rich!It's a high-risk asset.Which has a very high volatility.It's a long-term investment.Like securities or shares.It is controlled by exchanges and owners around the world.This is the meaning of blockchain.That it is controlled by the people themselves, not some company.

Do you think bitcoin is driven by some company ? bitcoin doesnt have zero value, it have a high value.
Bitcoin price has been built from 2009 until now, peoples keep buying bitcoin and sell it higher for long time.

That's why bitcoin is decentralized because it is for everyone,it is freedom from government if ever. Bitcoin has a higher value that  comes from the higher demand since it was created.

Well, look at how gold gains its value. Gold also does not generate revenue and pretty much useless compared to any other metal. Mostly because people agree that the item should be valued. There are demands in the market for it, and that's what determines the price.

Nonsense.

What drives bitcoin can go up a lot I think because of the mindset of investors about the technology used by bitcoin because this technology is new to everyone who provides opportunities for the chance that bitcoin can grow more than before and continue to grow.

If you say about legality, I think that it will be a process even though we know it is still not there, but it is possible that it will be accepted, as we know that 2019 ETF will hold this report on bitcoin. Let's wait and see

Bitcoin, like altcoins, is managed by large corporations or large coin holders. To attract new miners, manufacturers of mining equipment artificially raised the price of Bitcoin at the end of last year and attracted many new users to the crypto market.

So you mean to say that last year bitcoin price increased was artificially, or you mean the big large corporations have dumped their bitcoin to the new investors and now the price wont go high. Can i know on what theory you are telling this aspects.

The price of any commodity or good is driven by people through demand and supply. Bitcoin is driven by people who attach value to it in the form of demand.

People are the reason why bitcoin is having its value and its really true that bitcoin was driven by individuals and make it very valuable nowadays.As times goes by its demand will continue to grow same as its value.The more acceptance,the more cryptocurrency would be known anywhere and bitcoin was the head of all digital currencies.

Right.Bitcoin is only driven by us,users,investors,holders.Different individuals with different behaviors to take.I believe through its supply and demand,its price will be manipulated.And not with an institute or any other group of individuals but us.

I think that btc is the most powerful coin and is definitely driven by somebody but maybe not individuals. I don't know the exact answer that's why I prefer not to claim anything but sure that it is possible

Buying and dumping gives effect to the market directly. When more people are starting to buy that will make the market goes up. And if the number of people buying decreases, go to the sideways and you'll see the demand will plummet.

By that time you'll see people who are starting to sell and that will drive the market into lower cap.

You all correctly wrote in the description of the topic. the price is governed by the people who buy and sell it. invest my money

Yes that the most important sector that increase the price of bitcoin.... .most people love bitcoin because the p2p can be skip or ignored. Increase In demand also make the price go up high.

The price of Bitcoin is driven by utility, popularity, testimony of beneficiary, news, events and the technology. The points I have mentioned actually drive the demand and supply at a given point in time.

If it's a zero minimal value how come I can convert it to thousands of dollars per bitcoin? I think you should do a basic research to fully understand what is Bitcoin and it's capabilities.

Yes.Having its own supply and demand really affected the price variance in bitcoin.And also the different individuals who come here to buy,invest,hold or sell their coins.And yes the news itself made also by the people will definitely make a price change too.

I agree with this. As an individual, people should have the freedom with this kind of topic. Having government as the ruler with this subject is not good to the extent that they wanted everything to be in their control. People does not want to continue this kind of system. That is why probably people loves to use bitcoin.

as i know bitcoin is managed by system named blockchain, blockchain is a very good system right now, they have high security and very flexible to use, also transparent, i think it will makes big chances in the future about all system

Actually bitcoin is a currency.Which operates on the basis of your demand.If the number of people who spend in it increases,then the market gets hot.And in the beginning some people invented it.But its demand has increased significantly.Now the number of people who want it,has increased.It is now being operated by the peoples.

I agree if Bitcoin wants to be taken seriously it probably shouldn’t be this easy or legal to manipulate the markets. While decentralization is supposed to replace regulation it’s clear that there is still a way to go before it can be truly taken seriously. As mainstream finance invests in cryptocurrency assets and as countries take steps toward legalizing bitcoin as a payment system method like to other country instead,

    I believe the past two months have been the most productive period for BTC and crypto, especially in institutionalizing the market and strengthening its infra. Many asked why it doesn't have any impact on the price. Lack of impact on price may suggest large OTC accumulation is going on.

Many attribute this control role to bitcoin core developers. This is definitely not the case. Although the developers of the Bitcoin core do have a noticeable influence, in reality two groups of people manage Bitcoin: users and miners.
Bitcoin itself is, in fact, just a protocol; a language that computers can share. And it is very important that Bitcoin is an “open” protocol: there are no gatekeepers or requirements for those who want to become part of the Bitcoin network, apart from the willingness to follow the protocol.
Any sufficiently competent developer can make his software to join the protocol. But, of course, everything is done in such a way as to simply download and run software developed by others.
Bitcoin itself is ultimately controlled by users running the software on their computers.
This type of control is perhaps better than natural languages. While there is no single authority that once introduced English to everyone, many people voluntarily accept the same grammar rules to communicate. People "manage" English using it.

The notion that cryptocurrency doesn't need intrinsic value is nonsense, because market value always depends in part upon intrinsic value. “Currencies to be exchangeable have to be backed by something,” Greenspan points out. Without intrinsic value, nobody would have assigned Bitcoin a value in the first place

Yes it is. Its value is determined by people who use it. No institution, no highest entity regulates and determines its value but the people who patronize it. The more people demand for it the more the value increases. If everyone stop using and needing it its value will drop or even die.

though bitcoin and other alts are decentralized but still i think bitcoin price is controlling whales right now.but when more money will come to bitcoin market cap.no individuals person can driven it.the more people will demand bitcoin ,the more price will go up.

Scarcity gives a thing its value. This is the major reason that gold and diamond are expensive. Bitcoin as the pioneer cryptocurrency is highly limited in supply and I believe this has impacted its price. Therefore, we can confidently say the people impact the market and the market forces decide the price. It's a sentiment thing and nothing more to it. The same Bitcoin that was worth over $19,000 is now around $6000. Nothing has really changed except the people's sentiment towards it.

Indeed, it is precisely demand and supply that set the price for bitcoin and as it turned out, these processes can be successfully managed by holders of a large number of coins. I think in the future, in order for Bitcoin to become independent of the influence of whales and become less volatile, a method will be invented for limiting the number of coins that are in the free market at a certain point in time.

Yes. You are right about that because it is decentralized and even government can not handle it. Because of demand and supply thats why its brings value and drives us because of its volatility of price. Its value is one of the reasons why it popular, thats why many investors are interested to buy and sell bitcoins. But its up to us how we see the value of bitcoin and how we used it to driven its value.

Bitcoin has value because it is useful as a form of currency. Bitcoin has the mathematical properties of money (persistence, portability, interchangeability, scarcity, severability, and legibility) rather than relying on physical characteristics (such as gold and silver) or the trust of the central authority ( Such as legal tender). In short, bitcoin is supported by mathematics. With these characteristics, what is needed for a monetary form to have value is trust and use. For Bitcoin, this can be seen in its growing base of users, merchants and start-ups. Like all currencies, the value of Bitcoin comes directly from people who are willing to accept it as a means of payment, and this is the only source.

Yeah because it is a decentralized currency it is controlled by the peoples and investors it is just like in a market place that there's no middle man manipulating prices in the process. P2P transaction will eliminate manipulation and keep transaction faster, economical and efficient.

very true opinion that you convey, because we know all the development of cryptocurrency good and bad cryptocurrency depends on the investor itself, strength lies in the interest and trust of the investors themselves

You both make your point but in my opinion vitcon is drive by 3 catdgories of people and they are investors (the level of new investor), the whales(cause they have the money whic they can use to manipulate the market) and the community action concern news (which could either be FUD or not but the community decision will determine the market price).

It is a market crypto market, which is definitely the price of people rather than corporate. At this point, too many btc holders in the hands of a little more direction while giving the little ones in the hands of the others, unfortunately, determine their status according to the movement.

I wish people could tell us what they really want regulated by government in Cryptocurency.
Is it the anonymity part?
Is the censorship part?
Is it the deflation part?
The immutable part?
The transparency?
The fixed supply?


What exactly do you want regulated? Because Bitcoin is doing just fine without so called institution regulations.

the truth is that the more individuals in the system the better,safer and more beneficial it becomes... Individuals drives the rise and fall of bitcoin during there day trading and also there long term trade. So in short, No individual no cryptocurrency

minimum price will not happen

The value of Bitcoin is inseparable from its usefulness as a form of payment and the ability to be used by more and more people around the world.

In the future, Bitcoin is very attractive for the possibility of being a means of capital savings.

This is one question most people fail to answer. Bitcoin is a decentralized currency. Yet upon its decentralization, there is a force behind it. Influencial people in the crypto space also influence bitcoin. So i sometimes i tend to get confused as to how this is decentralized in itself if it is still under the influence of others.

The value of something comes from different several sources, and when it comes to bitcoin its value comes from being a network that no one controls directly and that cannot be censored, that is very valuable in itself and when you add the fact that you have a coin that is not controlled by any centralized party then it's not really weird to find that people are giving a very high value to it.

once again, this is like gold. prices are due to mutual agreement by bitcoin users. bitcoin has value because of its technology review, so that technology developers give value to bitcoin. It is said that bitcoin technology is better than banks, so this technology cannot be ignored. and always rated every time.

people or peoples can decide about bitcoin price,  someone or some organisation can make price of bitcoin be low or high. all depend on people that want to buy bitcoin, because bitcoin dont have standard price.
bitcoin cantbe control by people that dont have bitcoin, but if someone have it, you can control that price. as much as you have, as big as you can control it

bitcoin can be influenced by individuals who have big capital, the limited factor of total supply of bitcoin makes it one of the steps that can be influenced. so maybe now supply and demand contribute the first step in the increase or decrease in bitcoin.

1. the value of bitcoin is influenced by individuals who trade, investor.
2. the value of bitcoin is affected by market supply and demand.
3. the value of bitcoin is also influenced by all the news about bitcoin coming from outside.

We actually can't figured it out why prices goes like that especially for Bitcoin. Considering the value of dollar in exchange to the number of Bitcoin is very interesting.
The existence of digital is somewhat to called huge development on currency, instead of using fiat money, we can exchange it into digital form which could be easily for us to transacts payments and others.

I think market who drives it until now, supply and demand is make value for it. If there is no market, then we can't know what is value of bitcoin and can't trade it. And who drives market, it is our community.

if in my opinion, because bitcoin can grow rapidly if bitcoiners buy large amounts of bitcoin. and positive news, and who can influence bitcoin is the person who created bitcoin and its ranks

Bitcoin have a value because the network security and on limited supply. We know that price always depend on supply and demand and i think because bitcoin supply is not much and only 21million, the price always rising from first created.

the value of bitcoin depend on demand, if the demand on bitcoin is high and the stock in the market is low, it automatically the price of bitcoin will rise up more and more, and if the demand is low and stock in the market is high the price of bitcoin is going down more and more, it is a economy law

Bitcoin is very unique, it is transparent and can be owned by everyone and not controlled by anyone. And limited supply makes everyone want to have it.

are there people who have that ability? If it's just yourself I don't think she will be able to move, because the Fund requires bitcoin that will move the market too.
and such we know, this technology is highly transparent, I think everybody can have a bitcoin and not an individual who moves the market bitcoin.

Currently, Bitcoin is already more centralized than it was in the early years of its existence. This is due to the concentration of mining capacities in the hands of large pools, including those related to manufacturers of ASICs. Bitmain contains several large bitcoin mining pools in order not to attract much attention to the concentration of power in one place. If ten largest pools are to agree among themselves, then they can do anything with the network.

It is the people that give value to bitcoin by believing in it and investing in it based on its features and advantages.  This demand for bitcoin continue to make the price soar and drive attention to it all over the world.  So basically, what drives the price is demand and supply.

I don't think so, bitcoin is driven by a market in which there are many buying and selling activities, because if it's a bit then it won't affect to push bitcoin. So if the activity in the market has a lot of demand, that's what makes bitcoin strong ... !!

With speculations spreading around in the internet and in this forum, we can't really deny that there are big players or whales in this cryptoeconomics. Imagine these entities if they will go on moving their big bitcoin holdings together. It will surely affect Bitcoin's market price drastically even just in an hour.

The whole system is decentralized so we are all responsible for the market and how it turns out. This is the real issue on the ground, I believe we are all responsible for how the market turns out, no institution controls the crypto ecosystem, thanks to the power of blockchain technology. So we are all responsible for what happens to cryptocurrency or bitcoin for that matter.

Individuals drive bitcoin because they are the players in the cryptocurrency market. The position of bitcoin whether high or low is the aggregate of activities of trade and investment so if there are no people, there will be no market.

Until now it has not been able to explain that Bitcoin is being moved by several groups to make everything well controlled so far.

Of course supply and demand play a major role but those are factors that are determined by individuals in the crypto market and when we consider bitcoin I think every investor or a trader has the power to change those factors for some extend but when a group of people follow the similar actions that makes a significant change in the bitcoin market and that is why at the end whether bitcoin price fall or increase it is because of the actions of the community who hold and use bitcoin

its already verified that bitcoin is controlled by whales or group of powerful people . they are the ones that makes the market pump or dump but aside from them  , bitcoin is already driven by individuals like us . whenver we buy and sell , we do also move the market but not really noticeable due to smaller amounts .

Bitcoin is a currency which is regulated by the people or we can say its price are determined by he indivduals. so users definatel play a vital role in the existence of bitcoin.

Demand and supply is measuring the whole bitcoin van and it is not a small currency which can be affected by few individual but it is backed by a strong currency system and blockchain technology is also a base for it through this it is popular in the world and useful for world transactions crypto currencies are much in the present time. Bitcoin is driven by those who have high amount of bitcoin and when they trade these the ultimate affect comes to it.

It tends to be driven by people on the grounds that Bitcoin's cost depends on the law of free market activity. On the other hand, if many individuals will use Bitcoin, it will become more acceptable and higher cost. Then bitcoin will great demand of people and price will increase automatically. So it is possible that Bitcoin Is really driven by individuals.

The cryptocurrency rate is determined by technology and the economy, and Bitcoin is no exception to this rule. Not only the exchanges could not decide on the position regarding the new currency; the Bitcoin network itself received little support for miners in the first weeks of its existence. As you know, a necessary condition for the success of the blockchain is the participation in its formation of a sufficient number of miners who want to allocate their computing power to add blocks to the registry in which users carry out transactions. Thus, one of the main factors of bitcoin growth are the manners that actually this bitcoin and try to get to earn

I hope that bitcoin is not managed by the people who are now managing our money. Just then bitcoin makes no sense.

It is driven by individuals if u consider Tether/Bitfinex an individual. Individual people owning different institutions control the price of BTC, but sometimes the mass of smaller traders can screw them up, such as the big half a billion dollar liquidation on okex that happened when some whale screwed up

The value of Bitcoin is greatly determined by the principle of supply and demand. Due to the limited supply of Bitcoin, any further increase in its demand as it becomes more popular leads to an increase in the value of Bitcoin on the market.

If you actually know the true meaning of bitcoin's volatility you will know so well that its unpredictable price fluctuation is as a result of people's act on the exchange. First, whales effect changes on this platform by buying off bitcoins to reduce its circulation and then hike the general market plan. A scenario like this is to enrich themselves and tilt the price advantage to themselves. Also people who sell of their bitcoin in fear of further loosing its value in the light of a minor price change cause a chaotic, disastrous and uncontrolled circulation of bitcoin. So in short, bitcoin is really driven by human activities, knowingly and/or unknowingly.

Bitcoin is a currency based on supply and demand. And when there are investors who have large capital, it can affect the value of bitcoin.

I think that it is possible that btc is driven by some individuals because I don't believe that there is no an organization or a person who doesn't have some control over the btc

Bitcoin has achieved such success because people believed in it. And the more people believe in it and invest in it, the more it strengthens and grows.

Due to lack of regulation the crypro market is controlled by individuals and both organizations and institutional investors are still away from this kind of portfolio

An individual can not influence too much to Bitcoin. But if many big individuals are linked together to do what they want, I believe they will push it up or down if they want. Everything in Cryptocurrency defined by money and people with a lot of money means that they are holding the right to change the market.

not only that, with so many users who often buy bitcoin and then for the price increase it is very fast and bitcoin is in motion by the devotees themselves if I think

in my opinion bitcoin will not be able to be regulated by any institution and bitcoin has a very large influence from the total supply of bitcoin which is very limited and from very high demand so that it will cause up and down price movements depending on buyers and sellers interacting at the exchange place .

Its value is actually driven by individuals. when the demand for bitcoin is increasing, the market will become green. Investments from new investors are always motivating to increase bitcoin value.

In short it is the law of supply and demand governing the market
If people lose faith in Bitcoin, their price will be in the dust
vice versa.

Exactly. Currency will only exist because of the people using it. It’s the circulation of money, the dynamics of supply and demand that affect price, I believe. The market consists of people, buying and selling. So correspondingly, cryptocurrency will also have value once we start using it as a means for exchanging goods and services.

if I think that can work on the price of bitcoin and other cryiptocurrency
1. individuals / investors who buy or sell in very large quantities.
2. the person who created the bitcoin application / tablet itself.

bitcoin is a technology that is offered to everyone wherever they are and who wants to use it. Bitcoin is very valuable because of the high demand and supply, the more people seek and the less supply, the more valuable bitcoin is.

Bitcoin does not zero minimal value, people who bring the value and drives it. Like the currency, although the government makes regulations in their law, people who use the currency/money will bring the value. People create something, use it, and somehow, many other people following to use it and they finally bring that value. Besides that, bitcoin is digital technology which invented by someone who wants to see one system that doesn't relate to any government and cannot control by anyone.

Bitcoin is just a part of the blockchain technology, the currency itself is like a gearbox, a thing that can be expressed and calculated in some way. Well, only people determine the final cost. And so it turns out))

Bitcoin is completely different from other cryptocurrency systems. Bitcoin's change in value and the future of bitcoin are very bright. Only 21 million Bitcoins can be produced based on its scattered computer code (and 16 million were circulated), meaning bitcoin is very limited. Even the best stock investors are considered A great success if they can earn 20% of their capital gains in a year. But how much do banks pay them? 0.5% per year? Bitcoin has soared 53,000% since 2009 when the first volume was created.

For future references, bitcoin will be for anyone who trusted the system, if there's numbers of individuals who are holding and keeping to have much bigger influence then its up to them, we are in the process where we can't deny the fact that this industry are still manipulated by personalities who
have large investment and willing to take the risk just to have more control with the market, people who's so wealthy and have capability to work things
out from this business.

Yes, bitcoin is in no way connected to the government. That's why the government has no power over bitcoin, and can't control it. Which in some shape or form is good

In addition to bounty managers, entire institutions monitor my messages)) This is very encouraging.
As for Your question, I can say that management is not in the power of people.But the price is formed by people.

Unlike many payment methods, bitcoin is no third party,therefore the price is decided by the demand and supply.

The bitcoin price would change with demands and trades ofcourse but i strongly believe that most prices are driven by individuals, not just for the cryptocurrency or bitcoin, in every business in the world. The powerfull and wealthy persons and families are ruling the systems. When they want they can make a coin jump or die.

well, the speculations about this market even adds up to that. It makes the control lie within a few powerful people and that's why Nouriel keeps on blasting us each day. Anyways I do believe Bitcoin has value and that's why people are still interested in. Value ckmes from interest, I mean without the love for something, how can you get value from it???

I think this is also a "mystery" has existed for so long. I suppose, it may or may not be the individual operating bitcoin. But at least they have witnessed the success of their child. Or at least, they are not against the trend later.

Everything in this world is done and controlled by humans (no aliens are officially found). If you look at some wallets and amounts on them, that is the reality of both raising and derailing the course, just probably these owners do not need popularity.

i don't think for individuals, at least groups. because it requires a lot of capital when driving bitcoin alone. the increasing number of BTC users, i think it will be harder to drive, so they create panic through the news

Even if bitcoin is a decentralized currency it is very clear that there are very powerful individuals that can control the price of bitcoin to some extent, but it is obvious to me that the level of manipulation that they can use to manipulate bitcoin is exaggerated by most people, this is because most people that invested in this market become losers and they try to find an excuse of why that happened.

Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralised network with a transparent set of rules.

Bitcoin will obtain its value both from its use as a medium of exchange and as a store of value. This will show that bitcoin’s utility as a store of value is dependent on its utility as a medium of exchange.

For something to be used as a store of value it needs to have some intrinsic value, if Bitcoin does not achieve success as a medium of exchange, it will have no practical utility and thus no intrinsic value and won’t be appealing as a store of value.

From my point of view, is that as Bitcoin gains legitimacy, larger scale investors, and more adoption. Its volatility will decrease to the point that volatility is not a concern that would discourage adoption.

maybe the interest of investors themselves in my opinion the cryptocurrency is influenced by the movement of investors themselves trade movements and of course the intentions and goals of these investors in investing with cryptocurrencies

We as crypto enthusiasts control the world of bitcoin. The price or value of bitcoin is also controlled by us as an individuals. It depends how we value bitcoin that gives it's price at any point in time. We can either make the price rise or fall depending on how the majority of holders see it.

Each individual controls himself and all makes a bitcoin market, we also bother as the government tries to control it.

Actually bitcoin is a currency.Which operates on the basis of your demand.If the number of people who spend in it increases,then the market gets hot.And in the beginning some people invented it.But its demand has increased significantly.Now the number of people who want it,has increased.It is now being operated by the peoples.

We don't know and i believe that we will never know something about that.. There are big mysteries behind the cryptocurrency and blockchains curtain. Who started it, who supported? Where is the founder? Big questions without answers..

Everyone should read this article, i think it will blow your mind.

Who Is The REAL Satoshi Nakamoto?
https://medium.com/@cryptaldashcoin/who-is-the-real-satoshi-nakamoto-55bacbbee566

From what i am read, bitcoin have a value because people trust on the network security and its impossible to double transaction. Fiat money have value because trust on government but the different between bitcoin and fiat money is bitcoin have limited supply and no authorities control the supply

Not generate revenue? Yes, if don't include BTC mining. Mining is good business for large farms.
Also semi-anonymous transactions. BTC can't have zero minimum value because cost of mining farms are huge money and works 24/7

I see the value of bitcoin brought by investors, with more and more investors making the value stronger. and this is what makes the price continue to be pushed to date. this year users continue to increase and I'm sure the price in 2019 will get a stronger boost, and will deliver bitcoin to a much higher value.

Based on the demand, supply and play of major bitcoin holders! The more popular Bitcoin has become, the higher its price has risen in 2017. In 2018, the price of Bitcoin began to fall due to a decrease in demand, and popularity began to fall. Now bitcoin has taken its place in the cryptocurrency market. But as soon as some powerful holder enters the market, the price of Bitcoin will immediately change. Chaos will begin again in the market.

Yes it has value because people are giving it value and those individuals that are acknowledging bitcoin are the one that drives it. Look at the whales, they can manipulate the price on what price they want.

We all know that the crypto currency is a decentralized currency so that none of the individuals regulate and control the system and the movement of the price of bitcoin and altcoin. price movements are strongly influenced by supply and demand. however, each individual can make a policy that affects the price of bitcoin or altcoin.

I want to believe, that we individuals are the ones, who can and will determine the route of Bitcoin, and so how much it worth. Of course there are always other factors, but we are the key.

but bitcoin cost depends on deytviya of people. therefore it is quite reasonable to say that he is operated by people.

Partly yes partly no. I said yes because some actions taken by some individuals may shake the market and result of that market sentiments will go along way to determine the price of the market. Then no, because it is only market sentiments  which makes the   any change in the market price. Mean while these sentiments are as a result of news that the markets reacts to.
                                               

Every individual does contribute to the total pool of the btc or other crypto coins. But individuals generally cannot drive the price as their are larger institutional players who buy in bulk and this is what drives the prices rise or crash in the market.

the question of who drives bitcoin is still speculation but nowadays bitcoin is easily dumped or pumped by individuals who have a lot of money, this can be a statement if maybe bitcoin is easily influenced by the movement of individuals who have money.

The notion that cryptocurrency doesn't need intrinsic value is nonsense, because market value always depends in part upon intrinsic value. “Currencies to be exchangeable have to be backed by something,” Greenspan points out. Without intrinsic value, nobody would have assigned Bitcoin a value in the first place

what makes bitcoin valuable and has value is that many people are speculating and those people can raise bitcoin even lower it, I see now many people are speculating about it, and we are required to follow the rules of the people themselves

The market is controlled by all individuals, but no individual has the power to control all.

Definitely bitcoin prices are mainly influence by individuals because in the market bitcoin demand depend on each and every individuals decisions and actions that are taken according to there desire because unlike centralized markets bitcoin market is build by collection of individuals which makes its price to increase or decrease according to them

For individual to be able driving bitcoin in the market, it will need very massive amount of bitcoin.
I think it is not the individual, it is a group of whales who can make the market price going up or down.
The bitcoin value comes from massive adoption of peoples who buy bitcoin, they bought and sold it with higher price.

Individuals do determine the price of Bitcoin, if there isn't a demand for it, it won't hold any value.just like goods and services, if no one wants to use it the price/value reduces. Bitcoin especially is determined by individuals because of its decentralization.

Despite some theories that Bitcoin is strongly influenced by some interest groups to my opinion individual users still have the biggest impact.
Also, we have whales who usualy hold very large amount of Bitcoins and no doubt they can influence the market but still usually this is exaggerated.
There is no conspiracy theory behind Bitcoin and it's not driven by some special group of individuals but each and every Bitcoin user has its own contribution that is valuable.

I don't think so. Bitcoin it is authenticated by so many individuals back to general, since bitcoin is a very common top end. If we need BTC, the price will increase, too much (surplus), the price is reduced here is how not only to one person  :-\.

Yeah , your words are absolutely true but it doesn't contain the situation that "That guy has a lot of Bitcoin" . So if they have the market in their hand so they can drive Bitcoin and the whole market for sure.

Power comes with people not institute. Also, it is driven by the resistance towards the governments!

Thats right. Im also not deny that the price of bitcoin is also driven by several groups or even whales with large capital competed with them. but it's true what you say that. individual users have the most important role to drive bitcoin prices on the market. You know the total of bitcoin users in my country? currently reaching 2 million users. it can be seen from the number of registrants on my local exchange sites

Yes that true. Most individual like big whales has the capacity to drive bitcoin price either to make it dump or pump the market price. Because big whales has enough capital to manipulate market fluctuation and they are capable of doing it.

I believe that bitcoin is driven by some factors like supply and demand investors and its own developments. On its value, bitcoin is said to a nonzero value mostly because it possesses certain traits that make it a better payment system in select circumstances than any competing payment system. Bitcoin also creates value for the old investors and the new by splitting a finite currency supply more ways. This is a good example of supply and demand at work

You're right, the price of bitcoin depends on every individuals or the people who keeps their circle in the cryptocurrency community. The price depends on how people use it, or how people pay attention on manipulating their own coins. Every individual who are included in this community can drive the market price.

I think generally Bitcoin is mostly driven by pockets of investors who have a large stake in the market but also by individuals. Overall, its a combination of both, as these are the buyers of BTC.

I guess the only fundamental thing is demand. The same thing drives dollar. Blockchain technologies is not tied to btc, so only demand regulates the price.

But I do think that it's quite an organized movement. I mean, whales are not individual holders with tons of btc but closed communities of mighty people. With wash trading and other things happening today, it's not that hard to dump or pump any coin, including btc. The only difference is the amount of money you have to burn before taking profits.

The balance between the rate at which the supply and demand of bitcoin really appreciate the value of it in the background it dropss down to individuals who makes it value but to some extent people dont value its as individual behind it.

It is not being regulated by government or any institution but people are driven into it because of its nature. People can earn through it eventhough it is just like a gamble. People want to gamble because they are earning , for as log as you know how it works , you know that it is worth gambling for or rsiking your money.

The fact that Bitcoin is decentralized makes it impossible to control it from one particular place. Therefore, we can say that every person is important for Bitcoin.

The reason why bitcoin having value is us,we are using the bitcoins for some purposes like for holding or ayong to someone but when we are buying the bitcoins it will make demand for that bitcoin because availability of bitcoin is limited tho so it driven by every indiviudals who is holding and buying or selling it if all the people stopped doing this then bitcoin will have no value.

As you can see, Bitcoin has a very high price tag compared to its initial price of $ 0.005. Individuals who decide their worth can reach present, and many individuals are trading Bitcoins and causing prices to go up or down, creating price volatility.

bitcoin can develop because of the many parties who have joined it. moreover until now many have been involved in bitcoin and as a result bitcoin is growing, but prices are currently experiencing a decline.

can be interpreted that the price of bitcoin is influenced by the interest of more and more individuals, from year to year more and more are joining the investment into bitcoin, and the current price depends on demand in the market.

This has been my sentiments for longtime about the manipulation that happning in crypto market
For how many thread theres an accusations saying that market is manipulated and i have read one article that tackling US government are in this issue to bring behind bars those manipulators if proven

Bitcoin is designed for every one not only individuals but some companies can also  use this for various operations and bitcoin is driven by individuals because they know where the market is moving and they buy and sell these which makes the demand and supply fluctuations and individuals are making transactions which is their power of participation in the crypto. Bitcoin market is influencing by it's users and the their behavior for crypto.

no, bitcoin is influenced and regulated by several integrated communities in determining the value of bitcoin. as we saw in the retained bitcoin marketcap estimated at $ 6000 this proves that bitcoin has a fixed value setting

I don't believe in conspiracy theories. The price of Bitcoin can be influenced, but no one can fully control it. The price of Bitcoin is influenced by whales that have large capital, governments that can allow/ban Bitcoin in their countries, and certain market laws.

In my opinion, I trust Bitcoin is driven by the general population where there is more interest for Bitcoin then all the more buying will be made in this way bringing about a positive effect on the Bitcoin impact. More individuals utilizing Bitcoin as exchange installments are useful for the course in the crypto advertise and could also make Bitcoin more dynamic and developing.

yes bitcoin is driven by indiviaduals, though government does not want it because they dont have control over it. individuals fully understand the benefits and ideology behind bitcoin and the desire to use it for transactions is what drives bitcoin. bitcoin will only loose value if people decide its useless and stop using and accepting

We all must live in reality. We all should know that people never accept such thing that isn’t visible physically. We believe strongly on physical evidences than some soft or visual facts. Bitcoin isn’t physical and this one factor is a biggest hurdle for promotion of bitcoin at lower levels. We have to keep on promoting the good picture so that this virtual fact can be overcome.

Everything about Bitcoin is done by human, the price , mining and everything about it ,so the price is determine buy two or more individual who willing to buy or sell at a mutual rate and once the rate is agreed on then it hit the market as the current price .

One major thing that affect the price of bitcoin is the amount of demand and also the amount of supply and this is brought about my traders and miners respectively. Bitcoin is not under any central bank authorization

It's a new asset class to store value that 3rd parties don't control? What ISN'T valuable about that?

The value others see in bitcoin changes over time, most likely increasing, if it does what it is supposed to do "store value"

The banks don't just let people do whatever they want with their money and the governments can't even let them allow that. It's political to that point, that technology can remove the need for massive oversight of everyone's financial dealing, to keep us "safe." Saving time and money for everyone with technology, it's perfect.

That's the point, no one can fully control the changes in the price of bitcoins, including the whales or other big players who have
large capital. price changes are driven by many things and each individual user also influences the market

Well, as we all know that Bitcoin or cryptocurrencies in general are community driven assets that is why it is volatile I mean there is up and downtrends as it is used by investors, traders and enthusiasts arround the world on whatever they suppose to do with their fBitcoin funds. It's value depends on the performance of its holders either we are going to buy and sell in the market. What else do you think it will be?

I don't think so. i think that bitcoin is really driven an group of big investors. they've already stayed with bitcoin for a long time and they know well about bitcoin and how to manipulate crypto world.

no body can driven bitcoin self when other block need confirmed by the other one.

Bitcoin is designed for ever one and we can make money if we seriously work for it i like to use crypto for online payments and bitcoin is driven by individual it is true that people buy it and affects rise in bitcoin and some time supply high which is also done by individuals so bitcoin is the currency of individuals and market forces also affects the peoples by their behavior.

my opinion is people are  tired off by banks and government so they want to be individual and make their process by own and don't want the third party involvement. 

How much does gold? This is a simple piece of metal, but it is used somewhere, but there are many other more valuable metals. or how much is the money itself that is no longer tied to anything? Just nothing, just what people are willing to give for them

I personally consider the price movement to be more influenced by people who have substantial funds, not by individuals, and in my opinion the price of bitcoin is able to move quickly or even slowly, it is caused by all users, especially large capital owners.

A lot of factors in their totality affect bitcoin. But we cannot say that it is controlled by a particular country, certain people, etc. Bitcoin is completely independent, and this is its main advantage.

You can say so, because bitcoin is sold, bought, developed and used by people. It is people who influence how actively it will be used and whether it will be applied as a currency at all. Therefore, we can say that bitcoin is controlled by people. But it's not one particular person or group. These are all people who somehow use this technology.

it is really not driven by any individual organization or any institute so it is property.

I think that yes, it is really driven by individuals, to my mind it is possible. I think that the high demand affects the price and btc is becoming more and more popular among my friends

I don't believe the theory if bitcoin is driven by individuals, I am more confident and optimistic if bitcoin will experience an increase or decrease based on supply and demand. but if an individual has bitcoin in a large composition it might affect bitcoin but not in a big effect.

I think that bitcoin is managed only by people and there is no specific person who can control the course but large investors can change the trend of the coin !

It can be! A lot of panic sellers who eventually support the bitcoin when it hits the lowest point of price. These panic sellers are the one who make the price dump. They tend to sell their shares at the lowest price because they are scared of their investment. In this kind of situation, individual reaction lead to a downfall or succession of Bitcoin.

Yes it can be. Because if each bitcoin enthusiast makes some negative reaction of bitcoin industry, it can demerits bitcoin that can make it's price downfall and difficult to rise up. So each induvidual has the ability to contribute bitcoin market behavior it's either what the choices they want to happen.

Ofcoursr Yes its driven by individuals and not the government. Bitcoin price determines how many users buying and using it. So we're very lucky that bitcoin price right now is at steal price, buy more and hodl guys let's change the world for a better new.

I think that no one specifically driven bitcoin's value except i think the admin or organization that creates bitcoin. I also think if its driven by the people, its price is affected when numerous people trying to sell now 'panic selling' and does effect decreasing price of bitcoin, the demand and volume.

Bitcoin is decentralized, hence it is not controlled by any central authoritative body. The price and value of Bitcoin on the market is determined by several factors which all points out to its users attitude towards it on the market. It is influenced by the principle of demand and supply, hence once the number of users increases, the demand of Bitcoin increases. The readiness and willingness of users to trade BTC at certain high or low price at a particular point in time over a certain period of time determines its price and value on the market.

Decentralized and anonymous nature gives it tremendous value

Every market can be regulated by someone. To be honest, this is true, there always some big investors drive the price, they can make it go up or down.

May be like this. Because in today's time many people are connected to Bitcoin. And the more people associated with Bitcoin, the bitcoin that bits will appear in the market.

It can me driven

It is driven by individuals, the volume of the BitCoin is spread amongst a lot of people and completely decentralised. The point of block chain is complete decentralisation and anonymity. There is a lot of people that invested in it when the price was a two digit number and if someone like that decides to sell his coins at the given situation, of course that it will have a huge impact.

Individuals are clearly a determinant in creating bitcoin prices, and that happens in the bitcoin trading market. Prices can be created because sellers and buyers make large-scale transactions that will trigger prices to rise or prices to fall. Speculators play a very big role, because they have very much bitcoin.

Individual people are the most common investor of bitcoin. Many of the bitcoin holder are individuals than the other businessmen or stakeholders. Many of the individuals learns to handle accounts and making profit thru bitcoin. Investing in bitcoin and make it business. Some of the individuals are using it by collecting money and investing it in bitcoin until they got the percentage of profit.

It is more likely driven by individuals with a huge amount of hodlings or should we call them whales, these are people here in the digital assets world that has the power to control the price of a certain Crypto Currency because of the very huge number of coins that they hodl. We all know that Bitcoin is a decentralized asset(I call it an asset because it is used as an asset now instead of a currency) without any central bank or government that controls it and it is purely driven by the community of holders.

But sometimes this features of Bitcoin can be abused by those people that have a lot of hodlings and the price can be manipulated and manipulation is one of the things why Securities and Exchange Commision would not approve the Bitcoin ETF. But I have a feeling after this year will end SEC might approve some of the ETF proposals for Bitcoin and this good news might make the price recover again.

Like many people, I think that bitcoin is manipulated by big players, there are various communities in which there are a huge number of millionaires and billionaires and they decide what to do with bitcoin, when to withdraw their money so that the market will drop or when to invest their money to pump bitcoin. Bitcoin values are really incredible, because bitcoin has not yet been fully disclosed and bitcoin technologies already help in various fields and this brings incredible opportunities and discoveries for the future of humanity.

I guess Bitcoin really has driven not only of individuals but corporate team, those highly individual who works as a team has influence on the changes on bitcoin or its value in the marketplace, but then the different situation all over the world has an effect for bitcoin.

Bitcoin is driven by people or groups who used to invest in the crypto currency. The movement of the crypto currency market depends on the transactions made by those investors including us.

I think Bitcoin gets more support from the community that joins for the development of bitcoin and cryptocurrency rather than individual support (individuals)

In bitcoin trading, the role of individuals is very influential on the stability of the price of bitcoin. They easily panic when prices go down or are very happy when prices rise, so they sell immediately. Bitcoin holders with characters like this are very many.

Of course, bitcoin is driven by individual of different categories, and we have witnessed many people selling their bitcoin at price below the cost price as a result of some influential individual tagging bitcoin bad name.In response to this,we have seen people panic selling their bitcoin because of the news carried by some individual, even when people know that bitcoin has come a long way.
This is also the reason people are not playing with any negative news focused on bitcoin,and people sell aggressively so they can buy at the bottom.
If,on the other hand, bitcoin is not driven by individual bitcoin price won't have been subjected to a high degrees of volatility.

Bitcoin is decentralized and cannot be controlled by any individual or bodies. But the actions of the holders of the coins is what is seen as the market reaction which now moves the market in the desired direction depending on the strength of the actions of the individuals. This is called market sentiments and it is responsible for price movement in the market.

That may be true, but at this time we do not know the real truth. People who make bitcoin are still mysterious, many people say that he just disappeared, but how can this bitcoin be as popular and highly valued we don't know that.

Bitcoin value doesn't equal 0, at least for one reason - the cost of mining. Without mining, Bitcoins will not be, that is, a necessary condition for the existence of Bitcoin is mining. In order to make mining possible, it is necessary to purchase special equipment and pay for the power grid that will be spent on the operation of this equipment. That is, already at this stage, Bitcoin production has costs.
We all know that over time, bitcoin mining becomes more difficult, and the block reward decreases. That is, the initial cost of extraction of a single unit grows. This is what determines that the value of Bitcoin can't be equal to 0.
And the demand for bitcoin affects its current price.

This depends on your value criterion
Minerals, for example, in their mass
And its price is determined on the basis of its characteristics and scarcity and this concept
But what is the value of Fiat?
It's just a paper ..
Their value has been determined by our recognition of this value and our acceptance of it
The BTC offers a technology that is more useful than Fiat that just an expression of the strength of the country's economy.

It depends on the demand if more people accepts bitcoin then it will take a green flag in cryptos and rules by every individual infact the choice is all in our hands and we together need to take a right decision to hold bitcoin as we are already in the industry and believe cryptos. That is the result for 2k19.

of course the one that encourages bitcoin to advance is the bitcoiners. because all this time bitcoiner is certainly involved in the bitcoin market, by encouraging bitcoin to be able to advance further into the future. so the development of bitcoin is also in our hands. therefore if you want bitcoin to progress, avoid feeling like you are resigning or feeling doubtful.

It has always been and always will be. Although bitcoin is a decentralized authority, the strong half of humanity has always been in the minority and ruled the weaker half. The same thing we see here as the larger players in the market create a direction for the price of bitcoin and all the rest have to go for them.

Physical fiat or currencies are driven by People and just as this principle, Bitcoin and cryptocurrencies are also driven by People. Bitcoin is the revolution that is transforming the way people transact goods and services. It has introduced a peer to peer system making it possible to send funds to any part of the world within minutes.

For sure that has been the whole hidden factor behind the price of bitcoin. And to be frank most were much convinced in joining fraternity  per reason of it power In the hands of individual and nothing else.

Well one of the most important features of the bitcoin is it's decentralized structure, so there is no central control. But the irony is that actual services and business built within the bitcoin are centralized. Simply said they are run by some individuals and their specific computers. Pure example is well-known exchange coinbase which is fully centralized. you can check it with ease.

Yes bitcoin is driven by an individual why because it's as simple as supply and demand. When the demand is there and the supply is low, then the market value and price increases by this, it's driven by the hodlers and not by certain institute. Moreover, we do know that some the so-called WHALES can also drive the price anytime they deem fit to do so.

Which brings its value and drives it upward until it has a high value, because bitcoin moves with the existing demand and supply so that bitcoin continues to have value without returning to zero, because enthusiasm has become popular from many people around the world so we can generate profits that are quite good from bitcoin.

of course this is encouraged by individuals, the way bitcoin works is like gold.
the limited amount makes the price soar, and also the demand for bitcoin greatly affects the price, the more people come to invest. it will make the price of bitcoin even higher.

This same question plays in my mind for year now,that if someone or group of people that controlling or manipulating the prices specially bitcoin in which i guess whales has a power over smaller investors,so if they wanna shake the price to make people rattle and sell the coins its just too easy for them to do,so the panicking bitcoiner instantly losses their investments

Well i think big whales is a group of big investors on the bitcoin feild that plays the price. I think this manipulation is cannot be done by a single person or a individual because market is really bigger than what we think. I believe that bitcoin is amazing and soon it will maybe rise up high depending on the market.

The market is affected by many things and most of this are made by people or individual as what you are refering to. Bitcoin, although we know it as decentralize in nature, it doesnt mean that it is considered as 100% free moving. It needs to fit the growing changes the environment begs for it depends on the place it is existed.

No. Bitcoin is decentralized crypto currency, no one controls it so its price depends on the demand of the market. Some people might be able to manipulate the price but I think it is not really driven by you and me but is affected by you and me. Every movement you done with your investments, the market will also move. That is how volatile Bitcoin is.

Bitcoins can't be regulated by any institute and perhaps so they are called anonymous. Bitcoins generate revenues in a number of forms which can be clearly stated as trading, mining, etc  and the rising demand for a limited supply drives the price for bitcoins.

Although value of bitcoin mainly based on haw much potential it has and what it promises, demand comes from individuals can't lead such prices we have experienced. Like every asset invested, there are some institutional investors who invest, speculate or manipulate. Because of legal issues and enforcements they don't do this directly and they go in the cryto-market as an individual investor or as a company nemed diffrently.