Bitcoin price? Who is making it?

[Sanguintan]

It seems that some whales are pushing the price down atm.

whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it

There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.

[Red-Apple]

It seems that some whales are pushing the price down atm.

whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it

There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.

that is nonsense.
this is just a normal drop as always. have you even had a look at bitcoin price chart like ever?
this kinds of drop or rise are common with bitcoin, i am not saying it is going to stop here or even drop more but if you look at the history this much drop has been happening forever.

[mindrust]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

[fireball4]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

[mindrust]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

[Sanguintan]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

I think the reason for the recent drop of the bitcoin price is due to the rise of the Ethreum, investors are more interested in that.

[ffastrackr]

Price is subjected to current demand ...you won't see anything significant till next year.

[goldcoinminer]

As of now, the price is made by the supply and demand but as of this early phase of bitcoin the one who are in control are the whales in the market. They can manipulate the price anytime they wanted to do and we should not allow that to happen in the future and we have to do our part to help a massive adoption for the bitcoin.

[CrimBit]

How is it made the Bitcoin price?

How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?

Can someone explain ?

this is just my opinion.
Nothing can affect the price fluctuations bitcoin unless the user bitcoin bitcoin itself, if user make bitcoin price panic, like now , people will keep selling hios bitcoin, and if bitcoin people/user start investing his money, the price will be rise too.

[StoreBit]

It seems that some whales are pushing the price down atm.

whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it

There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.

no it is wrong to say i do not  think so , i think the price fall down because there were some misunderstanding in the market which really made a panic in the market and people start selling bu hope that the situation going to be control very soon and the price of bitcoin will really come back to its original position and hope that people will again take interest in buying bitcoin.

[Wevariant]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

I think the reason for the recent drop of the bitcoin price is due to the rise of the Ethreum, investors are more interested in that.

The trading volume of the combined ETH+ETC is higher than the bitcoin at the moment. Ethereum is hot now.

[Sanguintan]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

I think the reason for the recent drop of the bitcoin price is due to the rise of the Ethreum, investors are more interested in that.

The trading volume of the combined ETH+ETC is higher than the bitcoin at the moment. Ethereum is hot now.

The combined volume has reduced recently. but that is still higher than the bitcoin volume. So the Ethereum is a good trading tool.

[ASHLIUSZ]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

though how are they keeping the price high if it is dumped at the moment? i think the prices depend purely on people and anything might happen with it in the future

They don't wanna keep it high at the moment i thought that was obvious. lol. Of course it depends on people but depends on which kind of people? People with much money, or people with less money? That was my point.

I think the reason for the recent drop of the bitcoin price is due to the rise of the Ethreum, investors are more interested in that.

The trading volume of the combined ETH+ETC is higher than the bitcoin at the moment. Ethereum is hot now.

The combined volume has reduced recently. but that is still higher than the bitcoin volume. So the Ethereum is a good trading tool.

you can mine some Ether for now but dont go out buy expensive as it has scarcity based speculative value. It has utilitarian value for the problems it solves by being a geo-politically agnostic currency and it can be traded for goods and services.

[trickshot22]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

thats true, bitcoin price is usually controlled by the people who have either a lot of fiat or a lot of bitcoins it is kinda bad thing because in this way it becomes centralized

[Denker]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

thats true, bitcoin price is usually controlled by the people who have either a lot of fiat or a lot of bitcoins it is kinda bad thing because in this way it becomes centralized

So then who you thinks controls all the other markets out there?
In each of those markets you have people who have shitload of money and therefore can control or have a big influence on it.
You will not find any market where this problem does not exist.Big players are everywhere!
But having an influence on the price doesn't not mean Bitcoin is centralized.These market makers ave no power and saying for instance to change the core protocol and therefore increase the number of bitcoins in terms of supply for instance.
Right now they can easily play with Bitcoin regarding the price, but they can not control it.That's a big big difference you should always keep in mind.

[goldcoinminer]

Whales usually... Price will stay high unless they got bored and when they do, it will be a bloodbath. They keep the price high and make us wanna buy so they can dump their coins:)

thats true, bitcoin price is usually controlled by the people who have either a lot of fiat or a lot of bitcoins it is kinda bad thing because in this way it becomes centralized

It is like in a company where the stockholders with the huge number of stocks will normally control the company, in bitcoins the major holders or the whales can dictate the price when there is a big demand of bitcoin.

[potatopower]

It seems that some whales are pushing the price down atm.

whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it

There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.

yeah, people are still putting not enough money into bitcoins, because of that the price might be dropping really fast thankfully a lot of people still hold

[RodeoX]

Wow, we should have never stopped teaching economics in school.   

[twerdefnce]

It seems that some whales are pushing the price down atm.

whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it

There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.

thats true, right now i am buying and holding all my ethereum in order to make some money soon

[Sanguintan]

It seems that some whales are pushing the price down atm.

whats the point for the whales to push the price down? in my opinion people themselves are selling coins not only big owners of bitcoins though we cannot do anything about it

There are some whales who wish they knew how to use trading. The drop appears to me and I've wondered why someone would sell a huge quantity of coins in a market order, thereby drive the price down, and fail to get top dollar for their coins vs taking more times to liquidate them as a steady price.

The bitcoin price drop just means there are not enough funding in the crypto currency world. People are more interested in Ethereum now.

thats true, right now i am buying and holding all my ethereum in order to make some money soon

I mine the Ethereum. I keep most of the Ethereum and trade that against the bitcoin. I will also hold some bitcoin.