Is Bitcoin really driven by individuals?

[BorisWCR]

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

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[Godday]

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

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

[Cryptoreflector_666]

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

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

[kvipcn]

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

[Futureglory]

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

[Tavarez]

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

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

[Olayinka225]

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

[hahay]

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

[harapan]

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

[Johnzky]

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

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

[Twinscoin2017]

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

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

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

[goaldigger]

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

[FlightyPouch]

yes, to a certain point, Bitcoin is really driven by people like you and me.

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

[BlackFor3st]

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

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

[hxtop]

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