wait, who owns the market?

[ubay]

Either whales or pump, none can manipulate the market.

Wrong! The Bitcoin market can be manipulated, if you follow this thread closely you'd have gotten hint of how it is done. The Bitcoin network is decentralized, but there is need for centralized industries like exchanges, to make it mainstream.

Your reaction to market manipulation and ability to read and interpret charts would largely determine your success as a trader or investor.

Oh yeah, can you explain how someone or the market manipulates the price of bitcoin? Give reasons in detail, do not assume if there is no evidence.

[Lalafell]

Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this—

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.

The price of Bitcoin is not the same as its value. Price is determined by the market in which it trades: by means of supply and demand. This is the same way the price of your secondhand car, a bag of apples in the supermarket, an ounce of gold and just about everything else is determined. Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies, and the exchanges it trades on.

[Eugenar]

Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this—

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.

In my opinion about who owns the market, nobody owns the market, but it seems like there's an entity that can control the market value of some cryptocurrency. Meaning to say that it is very important to know that, all of us is contributing to the development of the market prices, if we have a huge influence, and investment, we can consider our selves to be someone that has a great impact on how the market will behave. Let's take for example, if a cryptocurrency enthusiast creates hype, allot of person will follow, same goes with him buying or selling huge amount of crypto.

[Youghoor]

Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

In as much that no one owns or controls bitcoin, the market is controlled by people with huge amount of Bitcoin. The decentralized nature of the bitcoin ecosystem makes the Bitcoin market to be owned by people with a lot of bitcoin for trading. These people determine the market value of bitcoin.  If you have more bitcoin, you control the market.

[jarhed]

Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

In as much that no one owns or controls bitcoin, the market is controlled by people with huge amount of Bitcoin. The decentralized nature of the bitcoin ecosystem makes the Bitcoin market to be owned by people with a lot of bitcoin for trading. These people determine the market value of bitcoin.  If you have more bitcoin, you control the market.

But you also need to understand that many financial instruments, such as Bitcoin futures, have been created. I think that most transactions on the market do not physically belong to Bitcoin. I just want to highlight the significant impact of exchanges and trading platforms on the cryptocurrency market.

[Arsenyo]

It already looks like some sort of conspiracy theory. No one controls the market. Of course, there are so-called "whales", countries, its government and their laws, too many factors that influence the market, but there is no total control.

[Anonylz]

btc may be an open source and all that but those who owns a larger share of it can influence the market with the amount of coins they hodl and this is how they control the market, it may not be direct control but indirectly controlling the market with their large share, we can already see how the market react when a whale decide to sell a huge amount of btc, it usually affect the price.

[Klausi]

Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

A bitcoin---blockchain don't have any authority that is been in control of it since it was been created in 2009.

Ask yourself this—
How are Bitcoins created?

Satoshi Nakamoto created bitcoin. Bitcoin is being created with the decentralized process called mining. Miners are the one who mines bitcoin and get rewarded on every blocks and algorithm that they will processed.

Who is incentivised to create Bitcoin?

Satoshi Nakamoto is a he or a group of people who incentivized the creation of bitcoin itself

[Lucas*]

No one own the market! The BITCOIN is a decentralized cryptocurrency that no one can control it, it's based in blockchain system and the person who discover it is Satoshi Nakamoto. You can earn BITCOIN with mining or with buying it.

[qwertyup23]

Bitcoin was created by Satoshi Nakamoto and he set a maximum limit of only 21 million coins in the internet. Currently, there are 17.3 million bitcoins in circulation in the market. Due to its limited number of supply, the price of bitcoin can be considered as inflationary as the price increases when the demand increases.

Unfortunately, there are no other means of increasing the maximum set limit as only its creator- Satoshi Nakamoto, has control of everything.

The control of the market stems from the person/organization who owns majority of its supply in the market. They have control and can potentially manipulate the market by playing the law of demand and supply.

[nankers]

no one can control bitcoin or market. even someone who has the most bitcoin in the market won't be able to. because the characteristics of bitcoin and the market are freedom where everyone is free to sell or buy. and I think it is this free nature that makes bitcoin and the market untenable. but please remember, the most bitcoin owners in the bitcoin market can manipulate bitcoin prices not for bitcoin itself

[bhabygrim]

For me I think we could consider the whales as the one who controls the market.
Just look at most of the past events when the whale moves the market would surely follow.
People tend to follow what the whales would do so they are the one's who is controlling it.
We have seen the market crash down because a whale dumps it share and after that the market rise up when they bought it back again.

[gaston castano]

this is decentralized where everyone has the right to own bitcoin, but there is no rule on how much amount must be had, this makes the view of who has the most money he will rule.

[jets567]

in the end the Bitcoin market is controlled from the btc whales .
Same on the fiat market the riches control the market


regards

Sad story but it's the truth since we have a decentralized market anyone can own BTC and this whales has entered the market who has the power to make big impact on Bitcoin price, let's just hope that they won't do it intentionally since they are already rich  

[kooboat]

Wondering who owns the market at this time? Crypto market is a free world and holders of a particular coin makes decisions that suit them and their lifestyle. No need to worry about ownership, this is a decentralized industry your only hope as an ordinary stakeholder of the ecosystem is to hope that the majority of holders makes the right decisions for the benefit of all.

[funkenstein]

Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this—

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.

Bitcoin is not a market, it is a single asset.  You need another asset to indicate a trade and hence a market.  If your other asset is the USD, then of course the USD issuers can have the largest control of this market, being able to take as many bitcoins as they like at any time, in the time honored method of fiat practitioners since Kublai Khan.  Other than that, every participant in a market has some control, some via influence to market logistics, others via their influence with market makers, others via their control of some of the assets themselves. 

[minersday]

Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

The crypto market is not own by anyone but the market value of all the coins are mostly controlled by people with large amount of a particular coin since they can depict the trading price. The decentralized nature of the crypto netwwork and platforms makes it impossible for a central authority to own cryptocurrency and the  rate at which a particular coin is in circulation.... 

[Kyraishi]

But does anyone control it?

Depends what do you mean by control it, there are instances and it could happen again, where a whale has so much BTC that they could just instantly dump it all and prices would drop slightly.

How are Bitcoins created?

Via people mining blocks. A limited supply of 21 million, so it can't be controlled there.

Who is incentivised to create Bitcoin?

Satoshi wanted to break away from the finance industry, just a great man's creation.

[jostorres]

If you are looking for that factor that is controlling the  cryptocurrency market, I think that you should look no more, just take a look at me and take a look at yourself, we are the ones controlling the market of cryptocurrency which is an open place that satoshi has created and left for you and I to have dominion over.

Which means we have the ability to control our funds, and we also have the ability to decide the value of the coin, and I think this is what some of these big whales have seen that has made them to start using their own fund to really control the market?Another tool that we use to control the market is speculation which I think should not be the main thing but supply and demand of cryptocurrency should be the main tool of control for the market.

[Astvile]

In every market, there are what we so-called whales. Whales are the one who manipulates the price so basically they have control over how the asset/coin is moving in terms of price. When a certain asset or currency is being traded it is sure that there are a team of rich persons who are controlling it, nothing in this world is not getting controlled