What power does Traders have on the Bitcoin price ?

[Windpower]

Hi here !

So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.

My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?

I'm waiting for your toughts 

There are really two kinds of people who control the price of Bitcoin. The traders and the buyers. The traders want to sell for a high price so that they can earn the most money. This doesn't make them the controllers of the price. However, they do become the controllers when buyers come into the equation. Some buyers are so desperate to get Bitcoin that they are wiling to pay an extremely high premium for something they could get for a much lower price. This just continues to make the price go up and up as more people are interested in buying Bitcoin.

With the demand of Bitcoin going up, people are also becoming smarter. They want Bitcoin but aren't dumb enough to buy it for such a high price. This sort of stabilises the price and sometimes even lowers the price because when people see other people selling their Bitcoin, they get scared and also want to sell. But they sell for an even lower price so they can get rid of their coins even faster than everyone else.

[1714141272]

1714141272

[1714141272]

1714141272

[beerlover]

Alt coins, and Bitcoin, deemed by Florida courts as "meaningful value tokens", behave differently in the currencies markets as other world currency.  Normally, if the US dollar rises in the markets, that means at least one other currencies has fallen to some degree, Bitcoin can gain value and all FIAT currencies actually benefit from the additional movement power that increased value has brought to the world.

Bitcoin is steadily getting importance in the market. Because many people are heavily involved in trading and investment and many more are following the example, it is entirely possible that bitcoin will leave the fiat currencies behind becoming the most used currency and one of the powerful currencies in the world.

[Sled]

Alt coins, and Bitcoin, deemed by Florida courts as "meaningful value tokens", behave differently in the currencies markets as other world currency.  Normally, if the US dollar rises in the markets, that means at least one other currencies has fallen to some degree, Bitcoin can gain value and all FIAT currencies actually benefit from the additional movement power that increased value has brought to the world.

Bitcoin is steadily getting importance in the market. Because many people are heavily involved in trading and investment and many more are following the example, it is entirely possible that bitcoin will leave the fiat currencies behind becoming the most used currency and one of the powerful currencies in the world.

It is true that bitcoin can be the next most used currency in the country because of the power of bitcoin in terms of transactions and also investment, bitcoin is slowly getting more popularity that before and it is the start to make people realize that there is a good currency that will void the government from controlling it and that is why bitcoin is keep improving to be the proof for the future currency.

[Theb]

They really have the power to control Bitcoin, even traders that are involved in other assets can influence such price. Much more for a currency that is decentralized the whales which are the biggest profit takers during a price action will benefit it all. Traders can actually influence the price in both ways from up and down, they can pressure the market in buying higher prices and they can make sellers sell Bitcoin at lower prices.

[Amph]

They really have the power to control Bitcoin, even traders that are involved in other assets can influence such price. Much more for a currency that is decentralized the whales which are the biggest profit takers during a price action will benefit it all. Traders can actually influence the price in both ways from up and down, they can pressure the market in buying higher prices and they can make sellers sell Bitcoin at lower prices.

traders alone don't have the power to contorl this current market, maybe this was true in the past, when bitcoin was tiny, now it's different

on the other hand a group of whales can stil control a single exchange, not the whole market, but the influence of a single exchange being controlled can have consequence on other exchanges

[Vaskiy]

They really have the power to control Bitcoin, even traders that are involved in other assets can influence such price. Much more for a currency that is decentralized the whales which are the biggest profit takers during a price action will benefit it all. Traders can actually influence the price in both ways from up and down, they can pressure the market in buying higher prices and they can make sellers sell Bitcoin at lower prices.

As an user stated in the past this has been taking place that the traders with higher bitcoin holding moves the market. Now such scenario is no more effective. These days the traders have certain impact on the price moves. Most of the time exchanges were the one who has got majority control these days. Importantly this too came to light when the Chinese exchnages made fake volumes to manipulate the value.

[Kronos21]

Traders cannot form the price of bitcoin. It can only generate demand. Traders just trying to make money of the situation. I think that in pricing a lot more influence than news traders.

[ubitcoin]

Alt coins, and Bitcoin, deemed by Florida courts as "meaningful value tokens", behave differently in the currencies markets as other world currency.  Normally, if the US dollar rises in the markets, that means at least one other currencies has fallen to some degree, Bitcoin can gain value and all FIAT currencies actually benefit from the additional movement power that increased value has brought to the world.

The market of bitcoin solely depends on the traders that is the buyer and seller and is not dependent on fiat currencies. Therefore normal stock market or inflation do not affect the value of the bitcoin neither do the fall or rise of currencies nor inflation which makes it a secure investment.

[Antesth]

I think that even small traders can manipulate the market cap. Because They can gather with some other small groups. And when someone from small trader triggers the market they join in.