Bitcoin Forum

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

Bitcoin price is controlled by buyers and sellers, whales are part of the buyers and sellers that makes then be one of the people that control bitcoin price. But nothing controlling the price that people that buy and sell it, it is not controlled by government ms or banks, it has no central power controlling it. If more bitcoin is brought the price increase and will decrease if more people sell than buy.

Bitcoin price is not controllable by any group or power. It's price is controlled by various factors,

1. Cost of production
2. Demand supply
3. Market circulation
4. Scarcity model

There are whales who hold large amount of bitcoins but they don't have the power to control the price of bitcoin. They can sometime influence the price to a certain extent by flooding the market with new bitcoin (creating supply) or withdrawing the bitcoins from the market (creating scarcity) which is commonly known as pump-and-dump technique. But these are temporary, they can't control the price of bitcoin!

You can read the below article to know more,

https://www.investopedia.com/tech/what-determines-value-1-bitcoin/

Hope this helps!

ok, that's basic supply and demand theory.
ref: https://www.investopedia.com/terms/l/law-of-supply-demand.asp

No one has full control, but someone can manipulate the orice specially those who has big volume of holdings. They could make the price suddenly drop. This big holders are the whales, might be a syndicate that want to take advantage of the current run. Their manipulation Might affect the price but for only short term. They still can fully control it.

Yes scarcity is one if the reasons the price of bitcoin is very high like this because it is limited in supply, also the demand which is increasing increase the price, the supply can have resulted into decrease price but the amount is limited in million which makes its price to be good. But I do not understand what market circulation means in this because it is still the supply which we have talked about. Also cost of production is what I do not understand how it affect the price of bitcoin.

In the first place Bitcoin whales is the most leading contributor of the price that has been raging all over. The rest were just following its footsteps, but they really helped with price growing so rapidly due to demand coming from traders. Whales only capitalized when there's a massive demand, and once there's a good sign for trend to explode, then the above mentioned factors would suddenly takes place.

Firstly, the market level of demand and supply is what determines the market price but the whales to be the most leading contributor to the Bitcoin market surge in price was a long time ago story because the institutions are the current market primary investor. Besides, Billy Woo makes a tweet on Twitter which I believe explains the market price contributors this day.

I do think that you are missing the major body that does have the ability to control the price of bitcoins but temporarily.
1. Government

They can ban or even let the cryptocurrencies flourish. The central bodies can forcefully try and regulate the price of bitcoins.

- The Chinese authorities started banning mining back in the day and then people had to run away from china literally, now they tried to take over the mining farms etc... So this is something that can effect the price of bitcoins but for a short term since whatever they do the price will recover. Will be balanced out from other people outside.

Therefore I believe that for cryptocurrencies to flourish we do need friendly government so that more people can openly trade and buy/sell.

-*-

Then again no one and everyone controls the price at the same time , the higher the amount of BTC you own the more you have the ability to influence the price..

The price of Bitcoin depends on its demand and supply.No one can't control it if its demand increases and supply decreases.On the other hand bitcoin is virtual cryptocurrency.so, in my opinion no one has the power to control it, this is what I have seen in my experience using bitcoin.

This is good information that you have provided there. There is really no one person nor one entity that basically controls the price of bitcoin. The factors you have mentioned is a good example of what really makes Bitcoin this expensive now. Good price for those who have Bitcoin and bad (too expensive) for those who are late in joining the party. Even the bitcoin holders from China and big mining operators don't control the price we all know that.

No one controls the price of bitcoin its price always ups and down by the market. If selling amount is grater than buying amount then the price will be down on the other hand if buying amount is grater than selling amount then price automatically raise.

I don't know if I'm the only one thinking this but I think the media partly controls the price of Bitcoin (just a miniscule percentage). Ever notice that when something big happen, medias will try to milk that event that will result into people (most likely investors that aren't really into the technology) will take action depending on the news.

For me I think Bitcoin price is being controlled by the buyer and seller in the market. For anything market it either the price is determined by the seller and quantity by the buyer or vice versa.

Does it's really affect the price?
I mean even though India, Pakistan and many middle east countries has banned Bitcoin, it doesn't make those peoples on that countries can't access to buy and sell Bitcoin.
They can still use P2P marketplaces or DEXs to trade, so there's no difference if they ban or not banning Bitcoin in their countries.

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As for @OP no one can controlling Bitcoin because it's decentralized and anyone can hold it. It's doesn't like fiat money where there's single entity can control it (e.g. burn and print the money where the supply is unlimited). Those list you included above is actually a people(s) who only can manipulating the market and can't control the market.

Only *I* control the price of MY Bitcoins.

I decide what price I'm willing to buy bitcoins at.  If the seller wants more for them, then I simply refuse to buy them.

I decide what price I'm willing to sell bitcoins at.  If the buyer wants them for less, then I simply refuse to sell them.

The same is true of spending and receiving them in exchange for products or services.

If the merchant wants more bitcoins than I'm willing to pay for the product or service that they provide, then I simply refuse to acquire the product or service.

If the consumer wants to spend less bitcoins than I'm willing to accept for a product or service that I provide, then I simply refuse to provide the product or service.

Media?
Are you serious?
What I have seen is that they just always defame Bitcoin. It's a bubble, too volatile blah blah. So Media hardly matters.

Demand, supply, and market volume I guess.
There are thoughts wherein some people are assuming that the market price of Bitcoin and other cryptos are being manipulated by whales but I think it is not. Whales having large amount of cryptos in their wallet could temporarily make a change into its value especially when they are transferring their investments but I won't say that's total manipulation since it is not for a long run and will just be observable for a short period of time. Unlikely when there is a high demand in which we do usually see whenever we are in a bullish market which stays for weeks or more than a month. So basically, it is its users who are 'manipulating' the market price but I will put it with an 'indirect' manipulation.

The most important thing is the demand and limited supply. Bitcoin Whales are the major contributor to price rallies in the past but now many institutes are also getting involved so from now on I think they can also influence the market.

The big companies who are investing to the bitcoin have control the price because they have ability yo manipulate the price by selling a huge amount of bitcoin cause a big dump and if they decided to buy a huge pump happen. Small investors have effect if a lot of use have things hey do like if many small investors buy it will rise but if they panic the price dump but for me the most is big companies who can manipulating the price.

Neither of this IMO but you can also consider bitcoin whales since they are also a buyer and seller on this market


Its the buyers and sellers who are controlling the price, Cryptocurrency market is just like the stock market..

my picks will be bitcoin whales , banks , wall street and crypto exchanges .
 i didnt pick crypto influencer because they are just influencers and we cant say that they invest bigger than what i picked earlier but for the hedge funds , im not sure of its meaning .
 i dont know if its like an institution too or something ? bitcoin whale(s) is the number one that controlls the market but a bitcoin whale can also be anything as long as he she or they has a verry huge number of bitcoins on their pouch.

The process happens like that; bitcoin whales get the information from statements of banks, wall street, hedge funds, and crypto exchanges and convert it to the market action. If they see that BTC will do better then they buy BTC and vice versa. Crypto influencers usually encourage individual buyers to buy Bitcoin. Individuals have money but cannot decide what to do. Influencers are here to inspire them to invest in Bitcoin. The major one I think is whales that have a significant amount of BTC.

Although your thoughts are unclear to me, because manipulation is just the same with control but I still got your point.

Yes, still they can manipulate the price, therefore they can control the market.

I know that there are also a lot of factors that can affect the price of bitcoin such as the volume, demand, cost of mining and etc.

Hoping that we can somehow adapt and adjust on what to do to make bitcoin investment profitable.

In my opinion, the market for Bitcoin is controlled by the demand for Bitcoin. When the demand for Bitcoin increases, its price goes up.  And when the demand decreases, the price of Bitcoin goes down.  You may understand what I mean. I do not believe that any third party or person can control the price of Bitcoin.

In my knowledge, I think whales are one of the most influential when it comes to bitcoin's price manipulation. We are all aware how large their holdings are and we know too how much it could affect bitcoin's price. As time passes by too, the number of whales are growing which I think could be detrimental as huge blocks of bitcoin stays in one place for being held for too long. I am not that certain about this thought so I hope you can enlighten me if what I'm saying is wrong.

  Supply Demand and how much of it is circulating around just like any other currency!

This year institutional companies were taking over the BTC, the good thing about knowing these institutional companies name we were able to be updated on what they are up too, and being the few first top companies to join in crypto it's quite sure that they will sure to wait until many goes in and that's the only time maybe they can withdraw their investment. Just be updated on their news can help us monitor the price unlike with unknown whale sbefore that they're too many that we don't know when they will start to manipulate the market.

The one who are controlling the bitcoin price are those people who holds so much bitcoin just like for example the whales. The whales are the ones who can manipulate the market anytime they want because they are the holders of so much bitcoin. If they want to dump the market they will just sell their bitcoins and also if they want to pump the price of bitcoin they will just buy so many of them, in short, they are also the buyers and sellers of this market.

Have a read of this it gives you a solid overview for beginners

https://www.youtube.com/watch?v=xfHMrgewSHI

It should be like this.

More supply, less demand = the price goes down.
More demand, less supply = the price goes up.

IMO, no one controls the price, the price in the market is just very volatile.  Since Bitcoin is limited in circulation supply, the demand will follow the level of inflation and the reason the price will moving every now and then.

The whales or those big players who invested in Bitcoin and who have held a large amount of Bitcoin will have an effect that's not too much, it's severely happened.

No special person or special organization can control bitcoin price . It's depend on its buyer and seller . Holding amount and selling amount . If the holding amount is larger than selling than price will high  and if people sell rapidly than the price decrease .

For my way, for example "someone rich buying 100 BTC " another people thinking ooo price goes high why not make also so money so also starting buying BTC when the price will goes higher That "rich guy selling that 100 BTC making about 20% of profit and the proce goes down where the rest people also selling the BTC but they not make really same 20% of the profit only 10-5%" rest people "holders" keep btc to wait for the moment but when will be that moment ;) nobody knows for me it reminds a  PIRAMID only people from the top really making money on BTC ;) but its only mu opinion.

Market place is important of the price change. If bitcoin is demanding in the market price will be increase. So people follow the market price every day. Then people invest the lot of coin. If bitcoin is increased in market place price will be go down. So demand is changing everything in Mark place.

I would say all the above are contributors when it comes to check controls the Bitcoin price, but majority of fluctuations are created by whales using the huge stock which they hold since the value of Bitcoin depends on demand and supply. We have seen it on numerous occasions that a huge chunk of bitcoin is cashed out when it's at peak thus sending negative vibes to the community and we have also seen a typical temporary pump I would say trap wherein price is pumped up only to be dropped again which is done by whales and we are equally responsible for reacting and cashing or reinvesting without proper plan.

Looking at a long term perspective, I'd say the whales control the price as they most negatively influence mass retail and institutional adoption through an ETF for 2 reasons:

(1) Their huge hodling affects liquidity
(2) Potential for market manipulation

Reasons cited by the US SEC for not approving a Bitcoin ETF.

The simple answer, we (the community) have been controlling the bitcoin market price (not bitcoin price). Don't mix with bitcoin price and bitcoin market price. Because, whatever amount of bitcoin with you, then the price you can ask whatever you want, it doesn't necessary to match with bitcoin market price. And bitcoin market price means, the current live price of bitcoin on the markets. So the live price controlling by the whole active community of bitcoin. Whoever is related to the bitcoin, then he/she is a part of the community, it would be whales or any organization. But whatever reasons you have mentioned on the OP, they can't actually control the bitcoin market's price, rather than you can say they could influence the market price by manipulations. No one could control the price of any decentralized currency like Bitcoin.

If you have the bank balance even you can control the price of bitcoin. With the price of bitcoin soaring at an all time high valuation you cannot expect anyone to control the market without having billions at your disposal. There are many institutional investors in the market and they can really control the price and can even manipulate the price of bitcoin if they wanted considering the huge amount of coins they are holding.

Influence and control are very different things. Influence is when someone's actions push Bitcoin's price in some direction, it's a one-time thing and the magnitude of it may vary, while control means the ability to set the price whatever you want and prevent others from doing so, or even just influencing it too much.

There's a lot of powers that can influence Bitcoin, sometimes Bitcoin market panics because of a FUD related to government, sometimes whales dump hard and the price falls, or institutional investors buy so much that it creates a bull run, but no one really can dictate the price of Bitcoin, no one owns enough funds to do so without risk.

Well, how then can you explain sharp rise in the bitcoin rate? I think at this stage, whales still have some weight in determining the course of bitcoin on the network. Of course, they do not fully control each section of the course, but they can affect its appearance. Personally, I also thought about the inability of whales, but after a sharp takeoff in 2020, I doubted my thoughts.

Well I guess, for now, it really hard to play the market. Bitcoin is very expensive and it needs more them to have more funds to manipulate the market. That is not easy as that because also the transaction fee is quite high and just something waste of time and including bitcoin to manipulate the market, I guess there is a possibility but the fact, no one controls the bitcoin price.

Even big institutions that started investing in Bitcoin now but for sure can't able to manipulate the price.

Those who can control the price of Bitcoin must be investors with a lot of money, it must be that the price of Bitcoin is very expensive, there is
very little chance that individuals can control the price of Bitcoin. So in my opinion institutions with very large capital can influence price movements
in the market. It could also be an institution that manipulates prices in the market. Therefore, as small investors we must be careful investing
in Bitcoin, so as not to mistakenly buy Bitcoin at the peak price. Since Bitcoin price is very volatile, there will likely be a pump and dump. So always
do analysis to determine the selling / buying price, except for long-term investments it is very safe to invest in Bitcoin, because the price of Bitcoin
will continue to rise in the future.

Who owns a lot of Bitcoin and a lot of Fiat he can control the market but not completely. Like the whales who were of course very influential when they started selling and buying bitcoins. The whales have a very important role, they have their own plans to control where the bitcoin price will go. The government and influencers only affect market fundamentals, when the government issues policies and some influencers try to explain to the public, it will affect the price of bitcoin.

Each of them has the opportunity to be able to influence the price of bitcoin, but not completely.

In my opinion, the price of Bitcoin is influenced by investors, because if many people (investors) want to invest and buy Bitcoin, then of course the demand for Bitcoin will increase and that will have an effect on Bitcoin price movements (Bitcoin price will increase), because demand can affect the price of Bitcoin (the more demand, the price will go up and the less demand, the price will go down).

The highest probable responsible person/factor for that is the bitcoin whalers. They were the one's who were utilizing a lot of bitcoin through buy and sell or trade and from that the value of bitcoins fluctuations varies from it. Though other factors can affect bitcoins but still those tycoons had the biggest influence of them all.

IMO it's in this order:

v. crypto exchanges
i. bitcoin whales
vi. crypto influencers

and by 'crypto influencers', I mean all those different spreading kinds of news.

Every big wallet move immensely influences the crypto market, sell & buy, mostly speculations.

my analysis as a newbie, maybe whales and crypto exchange. I just think that whales can control the price because they can control the buying power which can increase or decrease the trading volume and that will definitely affect the price. Then for crypto exchanges, maybe the effect is that when the trading volume of the crypto exchange is low, it can affect the interest of investors or traders, while it can be set by the crypto exchange itself.

I found this article is almost complete about who controls bitcoin.

• who control the bitcoin development
• who control the bitcoin blockchain
• who control the bitcoin supply
• who control the bitcoin price

Source:
https://www.tokens.net/blog/who-controls-bitcoin-a-guide-to-btc-stakeholders/

Besides traders, I think news or rumor can also control the price of bitcoin. If there is a bad rumor spreading about bitcoin, there is a high chance that many people with weak hands will sell their holdings. This also can show a buy signal if good news was announced by a credible source and trigger a FOMO. This results in some people getting hyped and buy at a peak price. So IMO news or rumor can also be a basis to know what will be the trend of bitcoin.

There is the sense in your statements. No one has a pointer in controlling Bitcoin. But there is some fraction on these big holders. I guess there is one additional fact, it is the government. Any government can ban Bitcoin at any moment. This is also a means to control.

I DO believe that when a large institution buys bitcoin, the price will rise because wealthy people are likely to follow these institutions...and then it becomes scarce then expensive

Definitely the whales, they are the one that can create waves that could send tremors in the market. Banks are more of a manipulator behind the curtain, they do not want bitcoin to win but they have to do it with some sort of discretion or without raising the suspicion that they are trying to make it look like the decentralized market is a bad thing for the people. But in general, everyone who holds a bitcoin is controlling the prices although it is a little more undetected, every individual involved still contributes to the prices.

There is no such person anymore. There was not even one in 2016 or 2017 (which the US government itself admitted in conclusions to Bitcoin assessment) which makes it a purely decentralized crypto asset. The same cannot be said for most altcoins,,, even ETH needed a few more years to become more decentralized and still has not achieved Bitcoin's level of distribution.

Your right mate,because it's obvious that no one controls or regulate bitcoin price, from my views I captured that the price of bitcoin is been determined when the total numbers of buyers is greater than total numbers of sellers, so when such occurs it speed up or increase the price of bitcoin, which in summary it call marketcap of cryptocurrency.

According to Pete Chier, big Bitcoin whales and miners can have a vested interest when prices rise. For miners, it makes sense that they want to push up the price of Bitcoin, otherwise mining would no longer be a profitable industry.

In addition, Pete Chier also said that because Bitcoin wealth is concentrated in the hands of big Bitcoin whales, they also have something to push prices up.

If I have to follow your choices I think the major influence regarding the price of Bitcoin price are Bitcoin whales and crypto exchanges because they have the power to manipulate fake pump and dump that lead the community and other investors hit by emotions that makes those big players earn huge amount of money.

All of those listed are major influencer to the Bitcoin price,
We blame the whales whenever they move their assets and affect the price,
And also the banks,wall street and hedge funds could create some event that would change the phase of price movement.
Cryptp exchange would only affect the price if something huge happen like being hack and the threat that those hacker would sell what they get so the price would get rekt.
And crypto influencer makes wave by their followers we could consider them as pump and dump group.

I think it's a mix of those in your list, each of them plays a vital role in the price of bitcoin either up or down, for example, the whales if they are selling
The only one that I disagree with is the exchange since its the trader's decision to sell the price that they want not the exchange, they have no control about the price if you go to exchange for example poloniex you can put your desired value for your coin right? that is why exchange has less influence with the price.

No one can control the Bitcoin. Bitcoin is future currency's. It not easy to control. If Bitcoin price high in market that time people is involved in tha bitcoin. Bitcoin demand in marketplace that time prices is automatically increase the price. Most of the people waiting for the Bitcoin price down for investment purpose. People believe tha Bitcoin.

Straight from the shoulder speaking, this is an old story and if you go back in the time when the market is still suffering the Bitcoin block halving effect you will understand that the whales are no longer the cryptocurrency market price controller. However, the last time I checked the accumulation of the institution since last year November till now they are currently holding 1,221,503BTC which I believe make them the legitimate major investors of the current market.

Bitcoin price is not controlled by anyone. The only institution that can control the prices of Bitcoin and other cryptos is the market. The only entity who can determine the value of Bitcoin are the investors themselves, hence the price is determined solely by the demand for it by the buyers.

Bitcoin is so volatile, you can't even predict on what will happened from time to time. The Price Bitcoin varies on buy and sell of anyone depending on how big they trade/buy/sell on a certain platform. Although whales were the biggest bitcoin holders but it doesn't mean they can control the whole circulation of it unless they will plan to sell or buy bitcoin for a huge amount which is unlikely referred as a pipe dream.

No one has a control over Bitcoin price, price will always vary base on the buyers and sellers, how much tokens is in circulation. It's possible that some people hold large tokens than others but that dosent make them to be able to control the price. AS more people buy in at higher price, the price will go up. That's just the simple logic.

There are lots of thing's which can contribute to bitcoin pump which includes the investors which are also called the whales, the trader's those once also contribute to bitcoin price pump but the must people I think the contribute to bitcoin price pump are the investors. Bitcoin pump due to more investor's investing in bitcoin more companies more organization adopting bitcoin, I believe that's just the main people that pump bitcoin.

I only recently learned about Bitcoin,I also want to know this knowledge, let's learn it.

It can be Big whales But i think most influencers can be Bitcoin cost is controlled by buyers and venders, whales are portion of the buyers and venders that creates at that point be one of the individuals that control bitcoin cost. But nothing controlling the cost that individuals that buy and offer it, it isn't controlled by government ms or banks, it has no central control controlling it. On the off chance that more bitcoin is brought the cost increment and will diminish in case more individuals offer than purchase.

if there is a sharp decline in the share price, the news "whale sells xxx bitcoin" comes shortly afterwards, or in the event of a sharp rise you often hear "companies or institutional investors have bought xxx bitcoin". the two groups will have a certain power, but I strongly suspect that the exchanges / stock markets have greater power. similar to eibe bank in real life. If you look at the btc wallets, you can see the size of stocks on many exchanges. an interplay between i. and v. and maybe also iv.

Actually if you say control, it means that it is manipulated by someone or something right? Like in purpose of controlling a scenario and making it like change whenever it wants. I think the answer is none. We all know that bitcoin is a decentralized, volatile and independent cryptocurrency. It doesn't have any person or group behind it though it is discover and created by a single person. The only thing that affect the price of bitcoin and other alts is because of the market. It depends on the investors who buy and sell some supply of it. And one of the thing that I agree is that also because of large whales or bulk buying or even selling. Bitcoin stands alone but pricr depends on people ask price or bid price in the market.

I know demand and scarcity plays some important role but I think btc price has a central point of control like the whales and wall street perhaps,
If price is truly controlled by demand and scarcity then why do we experience dump or bear season, does that mean people don't demand btc anymore or btc is no longer scarce?

I think every people control bitcoin price that buying bitcoin or sell bitcoin. You think if every person stop buy or sell bitcoin. Bitcoin price still in this point. If every people stop buy bitcoin seller need to sell then market fall down in land. If this chart reverse bitcoin price jump on sky. So i tell bitcoin price control every person who invest her money on bitcoin.

I think out of all these, Bitcoin whales are the one controlling the price. They can dump the price any time by starting to sell their holdings and sending panic signals to market.
And I include crypto exchanges too in whale category. They too manipulate the price to their interest.

Number ii is so so not a valid option. Lol. The market controls the price of Bitcoin. And the market is not a person; it's a people. These people are buyers and sellers. But then, an option like 'Whales' can influence Bitcoin price. If a whale dumps, the market will feel it and then the price is affected.

Whales and wall street do plays a vital role when it comes to the bitcoin price movements and in fact people or community of bitcoin who believes in it, patronizing it, investing and trading it are one of the reason why bitcoin price are sometimes on ceiling and sometimes on floor kind of price. At the end of the day this bitcoin market value wouldn't move on its own if there were no people using it right.

basic theory of supply and demand. will always follow any form of market, whether it is traditional or online,
more and more are storing bitcoins in their wallets and many will buy bitcoin, the price of bitcoin will go up, especially bitcoin stock is already limited,
  the more demand, the higher the selling price of a product

and in my opinion who controls bitcoin is "myself and the price" where I know whether I want to sell or hold my Bitcoin

I think it is all of them. The mix of all of them together dictate the buying/selling pressure we see on the markets. The extend of each is of course different as each have a different influence level on the market but they do influence the prices nonetheless. It is not so much in the hands of the small investors, no. The strings are pulled by larger bodies with great stake in the market. One of their move can send the market in either direction.

For me, I think that the demand is the biggest factor that controls the price of bitcoin, the increasing popularity of bitcoin and the understanding of people and major companies of the importance of bitcoin makes the demand for bitcoin increase and thus its price increases.
Also, the news has a great impact, whether negative or positive. We saw this clearly recently, when Tesla bought large quantities of bitcoin, and the price of bitcoin rose dramatically, and in contrast two days ago, when the US Treasury Secretary made bad statements, the bitcoin price dropped dramatically.

No one can fully control bitcoin, but of course those who most influence the price are the whales, because they lead the fomo and panic waves on the market by selling or buying large bunches of coins at once. However on long run I believe no one can influence bitcoin price down, even the whales don't have this power as it would be very risky for to try dumping the market and missing their seats in bitcoin train to other potential investors.

whales do lead or do fomo ? i dont think so because whales are big and they arent afraid to get missed out on the buy or sell but whales are just chilling and they have thier own different world or time when they buy or sell and they can fully control bitcoin if they wanted too because as i said earlier they are big  or powerful enough  .

 as of now there are other big influencers that take a part of controlling the price of btc not just the whales  . this could be the reason why the price seems to move in a confused manner  

Bitcoin price controlled by all bitcoin users because the many people who use it the highest chances that Bitcoin price will rise, because according to the law of supply and demand if there are many people who are willing to use and buy that certain products the price of that product will rise.

Bitcoin users has the primary responsibility about bitcoin price concern.

Bitcoin users will be overwhelmed someday by whales who own a lot of bitcoin but I have to agree with you right now that bitcoin market is controlled by users. This is just a basic of supply and demand, the demand(price) is high because the supply is getting lower because users are hodling their bitcoin.

When whales buy large sums of bitcoins the demand increases in the market, consequently increasing bitcoin's price. Other investors see this happening and are contaminated by FOMO instantly.
It means whales create the FOMO athmosphere that *contaminate* further investors. Some people call it market manipulation.

With whales I include the big institutions and companies jumping into bitcoin.

In general, price of bitcoin or any asset should be driven by demand and supply in the perspective of economics. Price will have a lot of factors as well in terms of economical, political, etc aspects. Not because price of Bitcoin is so volatile doesn't mean someone controls it already. With your question, I may say that in 2021, its the INSTITUTIONs. In 2017, it was actually driven by mainly FOMO.

I truly believe that each asset  has its own unique audience especially Bitcoin with its volatility. And this makes investors driven to pursue more and research especially to other cryptocurrencies as well. Once the world sees its real value, I bet it wont be as volatile as it is now, as a trader - take the chance now.

I think if you are asking about controlling price I would like to say about demand and supply policy. Actually no one sepecifically controll the price of bitcoin/ if the demand increase but supply low amount could be raise the price. Also holders are responsible for controlling price. If you hold it will raise if you sell the price would be low . It's simple

I don't think there is one specific answer to your question... It's probably the big market players - exchanges, whales, investment funds... All of them know a lot more than we do...

It is simply the law of supply and demand, OP.
The volatility is could be because Bitcoin is global, well almost due to bans imposed by some country.
Media, influencers, etc indirectly affects the price that pushes investors to either dump or buy.

Non of this is a major influence of the affection of the bitcoin price, I will tell you that all this is just depending on the bitcoin as an individual holder, Looks we should understand if a billionaire in dollars comes and buy bitcoin worth of millions of dollars, it will increase the price of bitcoin, I still believe that we are all yet to find out the reason for the price bitcoin that goes high and low.We are yet to get it straight, Let us keep on finding

The price of the bitcoin depends on the supply and demand, if you know that term in the economics that is also similar with bitcoin if there would be a lot of people who keeps on buying then the value of the product will increase the same as with bitcoin if there would a lot of people who keeps on buying then the value of bitcoin will increase as well vise versa in the selling of bitcoin.

And they are capable enough to manipulate the market. It was the claims before where whales did the pump and pump scenarios, and is still visible this time, so we can still expect this will never have an ending story. But we can't deny that they have an important role in the market and because of these people (manipulators) we are able to see the volatility really working and a gaining tool for everyone

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Bitcoin is not a 100% decentralize coin but at least we are not just like those centralized coins that we no longer have a chance to reach $50k, $100k, or even more.

The following are all influence regarding the bitcoin price. But bitcoin whales has the major influence regarding the price of bitcoin. Recently many customers experienced a higher pumping of bitcoin price, that is making some people to asked what is the causing of bitcoin pump?. Supply and demand are the caused of bitcoin pump in the exchange market. When the suppliers are few and demand are much in the market, the price of bitcoin will increase to cause many investors to achieve  much from their Investment.

The law of economics clearly works as you have said, if the demand increases and the supply is low, the price will automatically increase, and vice versa. We have to admit that until now bitcoin is moving because of the market mechanism, no one is able to control it and no one can run it. but it can be influenced by the way big players do things with bitcoin, so the price is affected and changes, if the position of bitcoin is strong the effect will not be too big.

bitcoin since last year many have bought from @elonmusk and also wholesalers as well as participating companies, all those who hold bitcoin can influence the price of bitcoin if they play to determine the price, sometimes what is intended may not work because their actions are countered by others, so it's hard to guess.

Honestly, none of the people you have mentioned in the thread has "full control of the price".

1. Bitcoin whales? Yeah, they do have some "influence" in the price, but that's a short term influence. Any actions taken by them affect the market shortly (and recovers back quite quickly).

2. Nope. Banks have nothing to do with the price of bitcoin. At least for now.

3. Wall streets are going to be the last guys over here.

4. Same as wall street.

5. Top crypto exchanges can have some influence in the market if they manipulate the prices. But I doubt any honest exchange does anything like that. Even if they do, it's going to have a long term affect on the market, which people will eventually realize and move away from centralized exchanges.

6. Crypto Influencers can' control the price, but can manipulate it for a short term.

Sharks and whales in decentralized markets with bitcoin have a strong ability to dissipate value.  Hunting trips often involve a trend, a previous impetus, possibly a media clog for the rumor .... It has a lot to do with value.  This has actually happened many times and it is no coincidence that it is suspected to be the big cause. Great pressure can cause melting. Lol

Of course those buyers and sellers of bitcoin when they gonna sell nor dump their bitcoins then you knew what is going on because thats the time that the bitcoin price will going to decrease but an good opportunity for those who wants to buy or invest into crypto and mostly those big exchange sites that has a good people who has a lot of coins that can be a thing. But it will always be in people and the supply and demand of bitcoin. Ofcourse you can see em in the graph when there are movements into it.

If we take this week as an example when the Futures Contracts are ending, today in particular
the price of Bitcoin is definitely being controlled.

By who? the people and groups who have short sells in for the last Friday of the month.
And they are the ones with a lot of Bitcoin to dump but who benefit the most from the reward.

In my opinion, this year bitcoin price control is by Institutional investors and bitcoin whales. The major influence on bitcoin has institutional investors regarding the bitcoin price. If we see this year's bitcoin movement so far we notice one of the biggest influencers Elon whenever he talked about Bitcoin "Btc" moves well I would say he also drives the bitcoin market this year now we are witnessing correction phase. On the other hand, I also believe the demand and supply also drive the BTC value to some extent.

I think the whales are controlling its price. they need those pump-and dump to escalate the bottom line of bitcoin and maintain the health of bitcoin market. to make space for people to sell/buy it, make the coin transport in the market, thus these whales can get profit ;)

The price of Bitcoin moves according to supply and demand, from the many articles I have read, no one should be able to control the Bitcoin price.
But the fact is that people who own large amounts of Bitcoin can manipulate prices, and what usually has a large amount of Bitcoin are whales.
Because if the whales decide to sell or buy Bitcoin, it must have an effect on the price in the market. And whales can be individuals or companies.

The price of Bitcoin is determined by consumer demand, the more people are willing to buy, the higher the price. As for the impact on the market, I think the whales have a lot of influence, because if they decide to flood the market with coins and the supply becomes greater than the demand, the price will fall.

Actually there's no one should control the price of Bitcoin due to the fact that it was decentralized unlike Fiat, however, those persons who own a large portion of Bitcoin which is basically the whales do have a big impact on the market price. Like if they choose to hold their coins, of course, the demand will go up and that would make the price goes up as well, and it will be the same if they choose to sell-off. The next thing I believed that has a major influence on the price is the crypto influencers, remember when Elon mentioned Bitcoin in his Twitter account it surely made hype in the market.

Like many people before me have highlighted, there is absolutely no particular person or group of persons that hold the power or have control over the price of bitcoin and how the market works.
It is not the whales and it's definitely not the banks, neither is it the government. The price is controlled by supply and demand. The closest to control that the whales can have on the market is influence. They can at different times influence the market by creating supply or demand as the case may be. This is called pump-and-dump technique.

In my opinion, no one can control the price of bitcoin.  It is not "centralized banking", we are in the opposite space, only the great motivations from the money from the bull run will create the force to make prices fluctuate.  Everything has two sides. 
For the most part, it's the bitcoin appeal that will over time verify.

This is a really big question to answer. I think forces of demand and supply is in total control of it. Buyers and sellers are in control; but the real question is: who are these buyers and sellers? We all control the price.

There  is no such thing  like group which controls bitcoin/cryptocurency prices - it is just the market.
Just look at Tesla and BTC chart comparision in  last days. Do you really think it is under controll of one entity?

It is hard to make a precise answer for your answer. But I guess bitcoin whales are ones controlling the price of bitcoin since they have too many bitcoin in their hand. Bitcoin is an anonymous and open source currency, therefore, it is hard to fully manipulate its price, especially when there are too many people owning bitcoin in their house.

There is one more individual that I want to mention: Mr.Elon Musk. His tweets can create both FUD and FOMO not just in the price of bitcoin but the whole cryptocurrency market

Bitcoin price depend on how people use and how people interest in bitcoin.day by day people trust and know about bitcoin and bitcoin growth too much. many  big big holder can control the price and new bitcoin investor also effect in bitcoin price. when all world know and use bitcoin bitcoin price never dump.just pump and pump.

I want to add something.

Big investors are also driving the price up. Analysts of large banks and funds tell Bloomberg that they assume that these investors have already met several times to push the price up. This is legal as long as they don't, for example, spread rumors online that encourage others to buy or sell. That would then also count as fraud with Bitcoins. Coordinated buying and selling are fine with currencies - and as such, Bitcoin is legally treated. That puts the few major investors in a comfortable position. If you drive the price up in a coordinated manner, you will grow your wealth quickly. In the past three months alone, the exchange rate has almost quadrupled against the dollar.

Indeed, a change between supply and demand will create the value of bitcoin, and wanting to control bitcoin according to the will of an individual is impossible but creating effects, crowd effects are still possible in any investment market and especially in a market without government oversight, big investors that people often call whales can manipulate the mentality of players very easily. The whales will cooperate with each other to make waves in the market, if we fight the waves that whales create, we get swept away, usually, following whales is a good way to make a profit

I think he's just super used to them having control over the voters

These are factors that influence the demand for Bitcoin. They don't have directly impact on price, except from whales, that can collude and create bearish terms for Bitcoin. If I understand hedge funds, they are funds looking for opportunities to short. Some did that with Bitcoin and one time (2018) they were successful, however they probably lost their shirt and pants for the last 10 months shorting.
Crypto influencers are a big joke, they make money shilling shitcoins for advertisement and they are terrible at doing that, being close to be called biased and giving bad investment advice.

Based in my observation the who control the price of the bitcoin are investors, media and etc. boosting popularity of the bitcoin on media it will attract many investors and the demand on it will increase same as the price ot it.

Well, actually, no one has full control of the market price. Investors indeed determines its market value but the simple fact that there is a huge number of its users, basically, there will be no unity in order for the majority to take full control of the market behavior. Whales are having huge amount of cryptos and their actions will reflect to its market price, but for a short period of time. Banks are absolutely has nothing to do with the market value of Bitcoin and other cryptos. To sum it up, Bitcoin's market value moves on its own depending on the majority. And a single individual will have no chance to do so unless he has 50% of the market holdings, which will more likely cause changes but temporary, still.

Mostly predict that whales but also traders who respond quickly on any rumor, they are the one that can make waves that might send tremors within the showcase. Banks are more of a controller behind the shade, they don't want bitcoin to win but they have to be do it with some sort of tact or without raising the doubt that they are attempting to make it see just like the decentralized advertise could be a terrible thing for the individuals.It can say, everybody who holds a bitcoin is controlling the costs in spite of the fact that it could be a small more undetected.

Mostly, the law on supply and demand primarily dictates the value of bitcoin in the market.

Due to the nature of bitcoin having a determined amount in circulation (21 million bitcoins), the price may be dependent upon its supply/demand depending on the circumstance. Given this circumstance, whales, who own majority of the amount of bitcoins, have the potential of manipulating the price to their liking. In addition, you may also include external factors (i.e. government prohibitions, country regulations, etc.) on what drives its value on the market.

When a country accepts/prohibits the circulation of bitcoin, it may indirectly affect its price on the market.

In the event that we conversation almost control, it implies that it is controlled by someone,Focusing of controlling a situation and making it like alter at whatever point it needs. I think We all know that bitcoin may be a decentralized, unstable and autonomous cryptocurrency. It doesn't have any individual or bunch behind it in spite of the fact that it is find and made by a single individual. The as it were thing that influence the cost of bitcoin and other alts is since of the showcase. It depends on the financial specialists who affect the law of demand and supply.

In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.

This latest price movement is mostly the result of increased institutional attention and Musk only greased the wheels further. I don’t think the price was affected so much by his tweets as by the statement that Tesla invested $ 1.5 billion in bitcoin and that they plan to accept it as a means of payment.

Instantly the tweet made by Elon Musk made the price of any coin go up. Elon Musk's first favorite is DOGE. We also already know that after alluding to it on every tweet, DOGE was able to increase by 1000% and that was extraordinary, being able to last up to 1 week later and then continuing to decline. In addition, some time ago Elon Musk with his Tesla Company bought Bitcoin worth $ 1.5 million which was able to make bitcoin reach a new ATH of $ 50k. Elons Musk has an important role in the rise of bitcoin lately, he is very influential because he has a lot of followers and also became the first richest person in the world.
indeed no one can fully control the price of bitcoin, but some of the speculations and fundamentals that are made will provide a good stimulus for the decline and increase in bitcoin prices.

As far as I know, demand on the market controls the price of Bitcoin. It may sound like a too classic reason but in theory it is also the most realistic reason. Look, if there is positive news, many people want to buy Bitcoin, then the price of Bitcoin will be increasing. While if there is a negative issue, people are trying to sell their Bitcoin, then the price is decreasing. This means, the demand really influences the price, while the demand is influenced by the news/issues.

Well, how really sure you are on this?
When Elon Musk's had tweeted about bitcoin it has an effect on the market and then when he was putting on his tweet and said, ^{[Bitcoin is BS currency than fiat]} and perhaps missed interpret by most of his followers and most investors I think that everyone also gets panic that is why bitcoin was experienced a drastic price decrease. In my own, --big investors and the most influential people were most likely controlling the bitcoin price, but it does not mean that they can able to control anything.

I don't think rich people will control bitcoin. I prove that many rich people are wrong to monitor the market and they lose it proves that rich people and a lot of money can't control bitcoin I conclude bitcoin cannot be controlled, free and independent bitcoin

Musk's tweets doesn't affect bitcoin because it still depends on people who will trade on bitcoin or any other altcoins like his DogeCoin. It's just there's a lot of people who was affected by the hype of Musk's tweet that's why some of us including me thinks that he's a big deal and in favor of spreading crypto especially bitcoin.

That's where your wrong kiddo. Rich people had been controlling the prices of stock market because they want to shorting the stock or taking the long position or whatever serves their purpose. That means that they can do what they are doing in stocks in bitcoin market not to mention that bitcoin is a decentralized platform so a blatant price manipulation is still debatable.

In general, the price of a thing, whether it is a cryptocurrency or not is determined by how much demand and interest there is in it. If no one wants it and is not looking to buy it, its price drops. As here, the supply itself is essential. If the market is oversaturated, the price will also fall.

Nobody has full control, yet somebody can control the cost uniquely the individuals who have a major volume of possessions. They could make the cost unexpectedly drop. This large holder is the whales, maybe an organization that needs to exploit the current run. Their control Might influence the cost however for just the present moment. They actually can completely control it.

The price  of a bitcoin is determined by supply and demand, there is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable.

Bitcoin's price increases based on its demand in the crypto market. In fact, everyone thinks whales have had an impact on prices whales can't completely control bitcoin even if they lower the price of the currency bitcoin is the regulator of the currencies of all countries bitcoin has no such regulator this currency is not recognized by any government or top bank of any country this is his biggest risk. SEBI is there to watch the noise in the stock market but no one controls bitcoin and since it's not recognized you don't have to go to anyone if your money is lost once the money is gone, there is almost no chance of getting it back.

In most cases, supply and demand play the big role inside this market. The more
buyers the more chances to grow in value. Lesser the hold  and more sell demands
the cheaper the price to expect.


News affects those who are just riding but for those who understand the market it
won't affect them, knowing that bounce happen after.

As i know, Price of bitcoin controlled by traders (Buyers and sellers).

And demand always a important thing to increase price. When demand of bitcoin increase price also increase. I think, It’s not possible to control btc price for one person/company/agency. Price is dependent on all traders.

Bitcoin works similarly to a product. The market in which bitcoin is traded decides its price. To put it another way, the price of bitcoin is dictated by how much someone is willing to pay for it. The market decides the price of bitcoin, just as it does for gold, oil, sugar, grains, and other commodities. The rules of supply and demand apply to Bitcoin, just as they do to every other market.

Just like any cryptocurrency or commodity out there, the price bitcoin is determined by demand and supply, there no two ways about this, if there's little or no demand for it we won't see Bitcoin at the price it is today, during 2017 the price was manipulated by whales who could pump and dump on the few people that were into crypto as at that time, right now bitcoin has gained more popularity(alot people are into it now) there's no way they can manipulate the prices anymore.

The price of Bitcoin moves according to supply and demand, but requires large amounts of money for the market to be controlled or manipulated.
Whales who can do it all, usually whales are groups or companies. Therefore if a large company like TESLA buys Bitcoin the price will drastically increase,
vice versa, if there are large companies that sell Bitcoin in large quantities, the market can be dumped. But fortunately the big companies are investing
in Bitcoin for the long term, meaning there is very little chance that a dump will occur any time soon.

There are many factors which affect bitcoin's price but based on your list I would say that bitcoin whales are one of the major factors that have to do with the flactuation of bitcoin's value. Bitcoin’s value is derived in a similar way as precious metals: Its value is based on scarcity and high demand. Since whales buy in large volumes, the demand for bitcoins increases at a faster rate than the supply, which can drive up the price. Essentially, the price depends on supply and demand.

That's where you are wrong, with enough money they can buy enough bitcoin to make the market move to their liking, rich people have been doing this kind of thing in the stock market and the only difference with cryptocurrency market is that it is far more volatile than stock market, they are the reason why some stocks that are going down because they manipulate the market but in a subtle way. The price of bitcoin I believe is being controlled by the supply and demand, the supply goes low, the demand goes up, as simple as that.

Well, the one who controls bitcoin price is us, the users. It's just like the economy theory about demand and supply. If there are a lot of demands but little supply, then the price will be high because of scarcity. Vice versa, if the demand is little but the supply is high, then the price will be lower.
But still, that's the theory. There might be people who owns a lot of bitcoin and manipulate the market, it's possible. But i don't know who, and i don't know how they do that. I think it's needed too though, so the price can be controlled if it's being a little too uncontrollable.

No one is controlling the price of BTC. Price is increasing and decreasing because of buyers and sellers. So there is no any bank or any other thing which is controlling BTC Price.

Bitcoin is 100% decentralized. Its price isn’t set by anyone in particular. It’s set by the market, by people who want to buy or sell the first crypto. Whales can manipulate the market, but they can't always rule it.

No one is controlling the price of bitcoin and could not bitcoin doesn't work as anyone wants its price increases and decreases depending on the market banks will never be able to control bitcoin many are ignorant about crypto and the crypto market is decentralized. As its demand increases so will its price.

Since Bitcoin is decentralized, of course, no one controls the Bitcoin price, I believe that Bitcoin price moves due to supply and demand.
Therefore, what distinguishes Bitcoin from other currencies is that Bitcoin cannot be controlled, therefore the government has difficulty
regulating Bitcoin. Even some countries joining forces to control Bitcoin will not succeed, this is one of the reasons why I really like Bitcoin is
because Bitcoin can provide freedom to its users, because the government and banks cannot control Bitcoin transactions.

Forces of demand and supply controls the market. The higher the demand, the higher the price; the lower the demand, the lower the price. All these happen through us (you, me, institutions, banks etc.). Government factor is also part of it. News, sanctions etc affects the market.

Actually no one really controls bitcoin price, the price depends on demand and supply, if there is a high demand then price goes up and when there is a high supply which means selling prices eventually drops so this clearly state that whales who possess very high amount of bitcoin can manipulate prices to a certain point but can't fully control the price movement because they are also much people who are in possession of bitcoin too. So price movement is based on demand and supply, the more people buys the more it pumps.

To understand who controls the market price you need to see both faces, the people who have big amounts of Bitcoin and the people who have a big amount of money to invest. They are better known as Whales and Bears, and each time a big holder sell or a big investor buys we see a change in the market.

If someone holding 100BTC comes and sells them all today, that will make the bitcoin price goes down, and if someone like Elon Musk invests $1.5B then the price will go up. That's how the bitcoin price moves.

Investors. There are hardly any other options.

Everyone knows about supply and demand are more liable for fixing BTC prices but there are many other elements also. Cryptocurrency has to concern the world economy and people's positive thinking. Mining cost and other variables are reliable also for fixing BTC price. The most powerful element is demand because when demand increases then price increases also.

I think crypto exchange from one token to another token will change the price of bitcoin and other crypto will also change the selling price.
depending on the market enthusiasm that will change..

market is the main factor, supply and demand is the main factor. but I also still doubt that, the whale also plays a big role in controlling the crypto price to experience a significant increase or decrease

I think it depends. Bitcoin pricing is influenced by two things: the price the person selling it wants, and the price the person buying it wants.
Just understand those 2 factors first, there is nothing else that keeps bitcoin under control.

The banks have their roles in the control of finance but then there are limitations in the case of crypto. The wall street also has some degree of influence but there are limited influences since it has no central network. Hedge funds alongside the whales are the most influential class of people in the space as they have large funds to drive market prices to the roof and also the social media to leave prices crashing.

You and me is the real controler of btc price changer. Now lets explain how we control just think you have 1 bitcoin and you want to sell it on the price of 60k thats why you bid on that price. And now i want to buy a bitcoin now here is the most amazing part i saw you list a bitcoin for 60k. Now its my choice if i thought no i don't want to buy it on 60k. I will be agreed on 59k. And you saw that i bid for 59k. Then you feel that well if i  sell 59k then yeah i might loss 1k but still i will be in profit. Then you sell in 59k then price dump. If you didn't sell on 59k after some time if i buy it 60k then its price increase. This is the real factor. I don't think that cryto exchange is the Controler because its just a way to work. But biggest stock market company, finance management company take that chance they buy a huge number if coin at a lower price then now hands on them what they want up or down. Well they use another strategy first they sell at higer price they pump it huge then when they sell their 80-90% hold. That means they got a huge profit. Then last 15-20% they sell in very muxh lower. Price that means they dump the price. So that they can buy again. I hope you understand everything now.

The price of a Bitcoin is determined by the corresponding supply and demand on the market. When the demand for Bitcoins increases, the price increases and, accordingly, when the demand decreases, the price decreases. There are a certain number of Bitcoins in circulation and new Bitcoins are created at a predictable and declining rate, which means that demand must follow the level of inflation to keep the price stable. Given that Bitcoin is still a small market compared to the size it can reach, it does not take a colossal amount of money to raise or drop the price of Bitcoins.

Well, Bitcoin whales control the market momentum.
Because they can manipulate the Bitcoin price in the market.
Bitcoin whales are connected to one another they know exactly when to buy and when to sell.

This has been my ultimate question that hang over my head since I read about crypto 7 years ago. Well from the knowledge and experiences I have gone thru, might well say first the bitcoin project proponents and VCs (early adopters) , They have the roadmap of when and how the technology would take effect of its advantages in network world called the Internet. Bitcoin whales have some effect but not as much as those VCs.

Whales do have a big impact on the price of the coin, but wall street bankers? Hedge fund managers? Banks? I do not think so. Unless they hodl a significant amount of bitcoins in their portfolio, they wouldn't be able to control a trillion dollar market cap investment, let alone beat. So the main contender we really have in this industry is the big ones at the upper echelons of the bitcoin ladder. After them? Nothing else.

None of the above , Yeah in some sort they can affect the movement but controlling the whole market wasn't in their hands.

Because even how hard they wanted to control the prices but if we will be strong enough to Hold , for sure none of them will benefits.

The problem upon us is that if they shake the market stupid weak hands sells out and that is domino effect and when the price fall down thiose mentioned will Buy back so the price will Pump again.
same cycle over and over.

You forgot probably the most important controller of the Bitcoin price...  That would be the code.  It is quite clear by this point that the market is following the stock to flow model, which is determined by the coded creation of Bitcoin.  Every 4 years we see a spike relating to the halving and there's no sign this fractal pattern in exchange rates is going away anytime soon regardless of what the banks, whales, funds, exchanges, or influences think about it.

no one can control the price of bitcoin even though some say the price of bitcoin is controlled by sellers and buyers but they themselves sometimes experience losses how they can control bitcoin a bad idea I can make sure bitcoin is free and no one can control it.

It depends on demand and availability. If demands will be increased, and availability reduced the price will go to moon. when there were no buyers and miners have huge amount of mined coin to sell the price action will go down. so Bitcoin's price is totally dependent on availability and market demand. sometimes whales and influence take down or up the market a little while but it is not remain permanent.

I think the number of competing cryptocurrencies will also affect. Although Bitcoin is currently the most well-known and most circulating cryptocurrency, investors also have hundreds of other options for cryptocurrencies. Generally speaking, the existence of competitors can guarantee the value of investment. If there are no strong substitutes, such as the euro, renminbi or pound sterling, the value of the dollar is bound to be different. However, the speculative nature and quasi-legal status of cryptocurrencies make it difficult to understand how competition rules will affect pricing. But as far as the current situation is concerned, Bitcoin's traffic volume, penetration rate, and application situation are still the best. However, with the continuous development of cryptocurrency and the improvement of other altcoin ecosystems, Bitcoin must also accelerate its integration into the society, and always ensure its "big brother" status in order to continue to appreciate.

In all of your ideas, in my opinion, there is no requirement that can control the value of bitcoin. Bitcoin is almost beyond the control of any requirement.
Although it is still heavily influenced by those factors, it is by no means controlling.
1. Whales,
5. famous people, are making big currents. MicroStrategy or Elon, Tesla are the proofs.

as I see it, the price is controlled by its limited supply. there're trillions of people in the world but the quantity of it is finite, which makes it rear. if there're numerous bitcoin, then its price would be much lower than now.

Of the above, in my opinion, whales have the greatest influence on the formation of prices in the cryptocurrency market, since they have a lot of capital and the ability to influence them on the market, especially if they act in collusion. However, it cannot be said that whales have the ability to control the cryptocurrency market. Most likely, this is an opportunity to manipulate it from time to time, sometimes raising or lowering prices. As market capitalization increases, this will become increasingly difficult, as more capital will need to be invested.

No one really. Investors only partially influence the price.

- It is hard to prove this but sometimes looking at some unusual changes is enough to make us doubt control, Bitcoin is probably in many people's wallets but they are not groups of consensus, they are just individuals who like to independently make money in the crypto market, they may even be the proponents of the whale group. Whales are unified organizations of opinion, they make a strong impact on the market, independent players stick to this idea, it's too normal to control the price of bitcoin as these mobs have tacitly understood each other

No one can control the bitcoin price.

It's controlled by a huge supply chain and public demand and availability of bitcoin, when bitcoin demand high then automatically increases the price and demand are less then the price is decreased.

As far as I know, supply and demand determined the price of BTC in the market for a certain period of time. All of the factors you've mentioned lie under the law of supply and demand. If the number of people wants to buy BTC increases, the price will increase and vice versa. Also, Bitcoin Miners brings up a significant effect on the market price. When supply increases, market price decreases.

As i do believe about the law of supply and demand also. Whales couldn't make a big impact to the bitcoin's price if the supply of bitcoin in the market was abundant. And I guess the law of supply and demand are the basis of any project moderatos that is why they are burned their tokens once the supply in the market was too much and ther market demand was too low. But the above mentioned still we the community, the investors, every single person and not as the big whales only can have an impact to the bitcoins price.

the conclusion of everything you say is 'bitcoin price is controlled by all Bitcoin traders'...
small traders also have a role in controlling the Bitcoin price. Bitcoin price is the same as the price of other investment assets which will continue to be influenced by sellers and buyers.