Nagesh021 (OP)
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I have been following the crypto scene for the past year and sometimes even though some companies do well their token price drastically goes down and this is the same with btc too. People like john mcafee and roger ver are always talking about how we should get ready for the bullish market but yet the price keeps on decreasing and so i'm asking how and who controls the price. If there is anyone who might be running it?
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jarojak
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August 08, 2018, 09:26:29 AM |
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Peoples, market control the price. Supply and demand, more peoples to buy, the price will going up and vice versa.
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NeuroticFish
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August 08, 2018, 12:49:47 PM |
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If there is anyone who might be running it?
Clearly, it has to be Mohammed Lee. Now really... it's a free market. And an unregulated one. Entities with enough money can still play pump and dump games, whether we like it or not. Information war (and FUD) also helps... them.
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First77
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August 08, 2018, 01:17:29 PM |
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Those 4,000,000 Bitcoins which were purchased before 2011. Those bitcoin holders have the Bitcoin market.
They got Bitcoin for $100 or $200. When they sell, bitcoin is going to $2000.
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sangjoewara
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August 08, 2018, 01:17:38 PM |
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I think who control price the crypto market is big investors, they can control in low price and then to the high price. Everything of cryptocurrency depends on them, that prices go up and down because of the consequences of our own selling btc at a low price.
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aladlanie04
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August 08, 2018, 01:18:33 PM |
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mainly whales control the market and manipulated more and some people from institutions also control the market and hedge people also controlled the market so much , richer become more rich poorer becomes more poor by the crypto space because of the up and down market so many people rekt and portfolio is down very much because of manipulation of bitcoin.
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Erga Di Kenesis Lascrea
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August 08, 2018, 01:25:38 PM |
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Nobody control the market. there are some people buy and sell bitcoin, do market transaction. That's make the price can rise up or down anytime. I sure it can rise up again but it takes time. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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CrazeCoinz
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August 08, 2018, 01:30:46 PM |
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Those early adopters of bitcoin who buy at less than $500 per BTC and has huge amount of BTC on their wallet can manipulate the market as they can play pump and dump on the market. Although it's a free market you can own many if you have enough money to invest and this is a speculative market any news can change the market situation.
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ranman09
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August 08, 2018, 01:42:46 PM |
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Whales! those who have large amount of bitcoins in their holdings. They can easily bring down the market by dumping huge amount of BTC. The current volume of BTC in the market or exchanges is relatively small than what is on peoples wallet.
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frankforty
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August 08, 2018, 01:44:02 PM |
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Most of whales and group of bitcoin traders control crypto market price because they hold bulk of bitcoins and then they manipulate market according to their requirement also Supply and demand is important factors for price downtrend and uptrend. if demand is much more than Crypto market will be in uptrend otherwise in downtrend.
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BQ
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August 08, 2018, 01:48:59 PM |
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As people has written, there are definitely some people who has a large amount of btc and therefore can move the market any way they want, only requires a nudge to move the market! and some people say that all these "longs/shorts" are simple "liquidated" by people who move the market up or down and therefore makes money in either direction. remember the market is still very small! 300b market cap doesn't mean 300b has entered the market.
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LogitechMouse
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August 08, 2018, 02:16:26 PM |
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In reality, the people are the ones who are controlling the market since its an unregulated market but lets accept it. Fucking whales are the ones who are controlling the market. They will spread FUDS and make the price down for them to get profit them buy again at the bottom. FUCK THE WHALES!!!
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bob123
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August 08, 2018, 02:30:12 PM |
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Depends what you define as control. If you are talking about the freedom of sending value across borders to anyone you want in a short amount of time, then noone. Noone is controling crypto this way.
But i assume you are talking about the trading market. The people who effectively control the market (and with it the price) the most are the ones who have a massive amount of money and want to control it. The $-value is purely dependent on the supply and the demand. If a single entity has enough power (meaning supply OR demand) you could consider it a market maker and therefore also controlling the market.
The more mature the whole crypto market gets, the harder it will be in the future for a single person to provide enough supply/demand to manipulate the price a lot. The control of the market will get distributed from a few very rich people to more not that rich ones. This process takes time.
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BitMaxz
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August 08, 2018, 02:34:58 PM |
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No one can control the price of bitcoin and Cryptocurrencies, but everyone can do. There are groups of people and big investors (whales) that can manipulate the price of both bitcoin and crypto, but it still depends on the news. If you know the news about Bitcoin ETF a few weeks ago that the proposal Cameron and Tyler Winklevoss were rejected by the SEC and then suddenly the price of bitcoin fell.
This is one of the big reasons why the price of bitcoin drops until now because many traders and investors expecting bitcoin prices to rise by almost 200% if the SEC approves the bitcoin ETF, but they fail and then they sell their bitcoin before the price drops which resulted in panic selling.
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enhu
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August 08, 2018, 02:36:24 PM |
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Small investors are left scratching heads why the price dips even when all the good news are coming including the ETF?
It will keep that way and they can get you to sell it when finally you'll there is nothing that can bring the price up. If you have bought ETH for $600, you will most likely be discourrage when the price finally be at $50. You might think its impossible but it can happen if you don't sell them for now.
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kakonhat
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August 08, 2018, 02:38:08 PM |
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I think there could be two answers, First one: No one can control crypto market because it's a decentralized market. If you can see any stress on the market then it could be financial policy and it's tamporal. To be sure you can back to market history then you will clear it. And the Second Answer: Public can control it. How? Example: If you and all of public deny to use your iPhone then Apple company will go down. At the same way if you and we don't like to use crypto then it will go down and if you and we are happy to use cryptocurrency then It will be a most valuable curreny all over the world. Don't take my talk in you mind, I just gave you example.
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Al-e_x
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August 08, 2018, 02:38:27 PM |
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whales and traders who control the crypto market, but they cannot 100% control the market, because sometimes some external aspects can affect the crypto market.
john McAfee and some other crypto figures just do global predictions. they are not traders. they are only investors and motivators who support crypto world development.
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MaruAlmen
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August 08, 2018, 02:38:38 PM |
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Basically we the BUYERS AND SELLERS who are trading are the one's who are controlling the crypto market, the law of demand and supply controls whether the coin price would fluctuate or not, but mostly the big investors or we call it whales are the one's who are mostly manipulating the coins, because the bigger your influence or investment the better you have the chance to stand on crypto's volatility on different aspects. Thats why we are all here controlling on how the crypto market will fluctuate or not.
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Oliver2
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August 08, 2018, 02:38:45 PM |
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Big money is controlling the price of encryption, and the reason why the price of encryption fluctuates so much is because of them, so we still need to be cautious about the price.
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Sanchezino40
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August 08, 2018, 02:38:49 PM |
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A lot of things contribute to the fall of prices of coins and that cle prompt us to ask who really control the market. Apart fr news that contribute to the control of market, whales of certain coins also plays part.
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