Who sets the bitcoin price?

[Robertshon]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

But as a newbie, I Think the Bitcoin price change for two reasons. One reason is supply and demand. Bitcoin prices change by supply and demand. Currently, there is a cap of 21 million bitcoins. When that cap is reached, Then no new bitcoin comes in the market that means bitcoin mining will no longer generate new bitcoin.  Bitcoin is not centralized. Bitcoin is decentralized different people hold small amounts of Bitcoin all over the world and no company runs. Bitcoin is a commodity and the market sets the price.So it's a commodity like oil like gold like any other commodity and the market determines the price based on supply and demand in each market so if you have a particular market for Bitcoin where there is a huge supply of Bitcoin and not much demand for.Bitcoin price will be much lower then a market. where there is a larger demand for Bitcoin. Bitcoin price will be much Higher.Bitcoin there is no actual single official price of Bitcoin like I said each market determines its own price based on supply and demand within that particular market.
 
Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

At Present, the crypto world is trying to resolve slow speed up the number of transactions. When this change is applied, the world is converted into a new cryptocurrency world.

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[Sanugarid]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

THE WHAT??

I don't wanna go this low but I think I should done a thing here. First of all newbies should do their homework before getting in with the trendy crypto, as we know as bitcoin. I don't think someone will thought of bitcoin being manipulated by some organization, coz if that's the case then these people should be popular by now. I don't know what you are trying to point out from here actually, like newbies probably know about these things before your post.

[GreatArkansas]

(....)
Bitcoin price will be much Higher.Bitcoin there is no actual single official price of Bitcoin like I said each market determines its own price based on supply and demand within that particular market.

It's really difficult to say that Bitcoin will be more higher, or maybe it's still early to say that.
As we all know, price really depends on the supply and demand or to the buyers or sellers too, that's what I understand how the market works especially in cryptocurrency.

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

But there are some country that is extremely strict when it terms on buying or selling Bitcoin, some may need documents before you can buy or sell any Bitcoins, and some it is totally illegal, but since Bitcoin is decentralized, we can find ways to buy and sell them.

[AmoreJaz]

(....)
Bitcoin price will be much Higher.Bitcoin there is no actual single official price of Bitcoin like I said each market determines its own price based on supply and demand within that particular market.

It's really difficult to say that Bitcoin will be more higher, or maybe it's still early to say that.
As we all know, price really depends on the supply and demand or to the buyers or sellers too, that's what I understand how the market works especially in cryptocurrency.

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

But there are some country that is extremely strict when it terms on buying or selling Bitcoin, some may need documents before you can buy or sell any Bitcoins, and some it is totally illegal, but since Bitcoin is decentralized, we can find ways to buy and sell them.

first, is the OP using google translate here? as he needs to re-phrase some of his statements but ok getting the summary of it. i guess, he doesnt need to create a thread for this, there are already tons of threads discussing about bitcoin price, factors that affect btc and so on and so forth.
 but ok, given the fact that he wanted to share his learnings as a newbie. lets give him the space to vent out his ideas. anyway most of us here already know those things in crypto.

[Charles-Tim]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

You are right, bitcoin is very decentralized. But, you can not buy bitcoin from blockchain network, transactions are only propagated into bitcoin blockchain network, the transaction will later be confirmed by the miners, in the process new bitcoin are mined. But, if you want to buy bitcoin, you will have to buy bitcoin from people that are having and want to sell bitcoin. You can meet this people directly or online using exchanges or some wallets. You can also make use of bitcoin ATM.
 

[goinmerry]

Yes, by market demand. Started with a low price on Bitcoin's inception, the continuous demand raised its price as time passes by. There is no standard price as exchanges have different rates.

Many people who new in the crypto world think that Bitcoin is managed by a company..

This is actually true. As a bitcoin enthusiast, you will feel sad for those people thinking that way.

But don't mind them. Bitcoin grows big even with that.

I don't think someone will thought of bitcoin being manipulated by some organization, coz if that's the case then these people should be popular by now.

Bitcoin is already popular even for those who aren't crypto enthusiasts.

What lacking is adoption and acceptance due to several factors.

[crzy]

The price of bitcoin depends on the demand of it since the supply is limited, we can say that demand is what needed right now to move prices. Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

[Cryptoreflector_666]

The price of bitcoin depends on the demand of it since the supply is limited, we can say that demand is what needed right now to move prices. Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

The greater the demand , the higher the price. Imagine that you have only three crowns left in your village, and previously there were 333. Do you think the price of a cow will be higher or lower, given the increase in its exclusivity? It is obvious that above. Also with bitcoin - the greater the demand and the less bitcoin in the world, the higher its price will be.

[Astvile]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

Actually there are some government rules in some countries that you may not have, some government totally banned and tag bitcoin trading or any bitcoin related activities illegal it is lucky for you if you are not encountering those laws.

Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

I think there are sometime that whales tend to play with bitcoins price not really controlling the price but the news that later affect the price of bitcoin but still bitcoin is decentralized so the world controlling should not be in here.

[Dana888]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

Actually there are some government rules in some countries that you may not have, some government totally banned and tag bitcoin trading or any bitcoin related activities illegal it is lucky for you if you are not encountering those laws.

Well, the market sets its price for itself even if some projects are being manipulated by its own developer, bitcoin is different. Bitcoin is not controlled by anyone, the price moves because of the traders and investors, this is what a decentralized currency is all about.

I think there are sometime that whales tend to play with bitcoins price not really controlling the price but the news that later affect the price of bitcoin but still bitcoin is decentralized so the world controlling should not be in here.

At the moment, there are a huge number of ways to trade cryptocurrency completely anonymously and safely, even in countries where bitcoin is completely banned. In General, these are all familiar ways to bypass the identification numbers of computers at least. Cashing out through item purchases is also not new in 2020.

[Wexnident]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

Remove this and the idea is basically set and correct already. Any factor other than supply and demand is just a supplement to demand itself, so it isn't technically wrong to say that only supply and demand are the factors that affect BTC, and the rest affect demand itself. And to note, some Governments has set rules with regarding to crypto, and some people use their bank accounts/credit cards to buy crypto from a centralized exchange, so the process is still there.

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

And this is honestly the prerequisite to someone being scammed, believing that a company is behind Bitcoin. Just a bit of sweet talk and they can easily be made to join their Ponzi schemes which are honestly depressing especially with how we're in the era of technology and information, a less than minute research in google should be more than enough to know how Bitcoin is a decentralized system.

[LUCKMCFLY]

The most important thing for me is supply and demand, I think that is where everything lies, because the market does not have any support for differential as happens in the stock market, in addition to that, we must take into account the plans that the whales or Strong have. Hands, and since the volatility is so enormous it is what influences the most.

[James Alberto]

Many new investors are entering the cryptocurrency, And they spend all their money on Bitcoin, And big companies invest in bitcoin. Twenty-four Hours buy and sell continue in this market. Due to which the price goes up and down, BTC has had his price down since yesterday, and hopefully, it will go up soon.

[bitcampaign]

a little funny if bitcoin is managed by a company, this is not a currency that is managed by the government, so bitcoin is managed by all the people here, talking about pricing it depends on the amount of demand in the market, the amount available for mining is very small, so the increasing demand for make prices increase

[Renampun]

so bitcoin is managed by all the people here, talking about pricing it depends on the amount of demand in the market,

true, the price of Bitcoin is set by everyone who trades...
Bitcoin is a decentralized cryptocurrency. because it is not centralized, the Bitcoin price waves are influenced by transactions that occur in the market.

[Assface16678]

a little funny if bitcoin is managed by a company, this is not a currency that is managed by the government, so bitcoin is managed by all the people here, talking about pricing it depends on the amount of demand in the market, the amount available for mining is very small, so the increasing demand for make prices increase

There are a lot of people who think that the bitcoin market price depends on the large company because they think they usually are the investors but they don't know this is not them those are the whales to holds a lot of bitcoin rather than investors of a large company.

The bitcoin is decentralized but sometimes the large investors can manipulate the market price because those large investment.

Also many investors are scares with the use of the bitcoin because it's more volatile than the stocks.

The most important thing for me is supply and demand, I think that is where everything lies, because the market does not have any support for differential as happens in the stock market, in addition to that, we must take into account the plans that the whales or Strong have. Hands, and since the volatility is so enormous it is what influences the most.

Basically the technique the use of the buy low and sell high settings that's why they are earning easily without hassle with the use of it. Still it requires a knowledge and skills to grab when is the right time to make an investment.

[Gotumoot]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

THE WHAT??

I don't wanna go this low but I think I should done a thing here. First of all newbies should do their homework before getting in with the trendy crypto, as we know as bitcoin. I don't think someone will thought of bitcoin being manipulated by some organization, coz if that's the case then these people should be popular by now. I don't know what you are trying to point out from here actually, like newbies probably know about these things before your post.

I agree everyone should do their homework before even investing on something specially in crypto.
Newbies should also know that no one is controlling the price it depends on the demand and they also need to stop thinking of it as an easy way to make profit because it doesn't work like that.

[dothebeats]

I don’t think newbies even think of bitcoin as something centralized since the very first description they will ever come across is bitcoin being a decentralized cryptocurrency.

The points stated are just the same information over and over again. Price is dictated mainly by supply and demand, and there are lots of traders that can participate freely in the market at any given time. There’s no deeper reason as to why the price changes in bitcoin; it’s just common sense and a lot of little factors here and there that makes up the price action.

[The Cryptovator]

It's our mistakes that we concentrate on bitcoin price at first rather learn technically. That's the reason newbies are misunderstanding about bitcoin. If a person knows technical things about bitcoin then he/she could realize how to determine bitcoin value and price. Circulating supply and buy/sell pressure is responsible for the bitcoin price and value depends on the community always. Bitcoin is fully decentralized and the price wouldn't determine by any centralized organization. But I have to admit there are some big manipulators and sometimes they create influence on the markets.

[adzino]

You are correct. The currency is decentralized, so no one controls. This means no one controls the market or the price. The is determined by the demand and supply. That is why when coins are dumped, coins increased in the circulation and the price falls. The vice versa is also  true.
But this also means some who hold large sum of coins can manipulated the price of the coins for their advantage (but will be too risky for them).

[amishmanish]

Bitcoin is the first of its kind technology that has taken a middlemen out of maintaining a ledger. There is value in its network's capability to transfer wealth, not just money. It is traded like a commodity and the price remains dependent on the market buy-sell pressures.

The network effect ensures that there are multiple organisations and individuals the world over who are invested in this. What is important is to have some for of realization as to what justifies the future increase in price. This is largely dependent on navigating the pitfalls of regulation, centralization pressures, transaction throughput and the potential of significant services/ products to be built on top of the base layer.

This is the reason that imo, Lightning Network remains a very important factor. It is the only innovation which is currently focussed on removing the transaction speed bottleneck and allow building more products. Barring that, in the long term there isn't really any reason for the price to go up except institutional acceptance and interest. If institutions start building positions in Bitcoin, the retail investors like you and me will profit. That is a very socio-political decision and it can go either ways in the long run.

[witcher_sense]

Bitcoin is unique because it is an absolutely scarce asset that can be traded on a free market. These two features - finite scarcity and saleability of bitcoin make it interesting. For example, time is also absolutely scarce but it cannot be exchanged on the market. Bitcoin is scarce as time, its total supply is known to the market, its issuance is programmed and cannot be altered, these all qualities make its price volatile. Price is volatile because of the fact that demand for bitcoin is not programmed and always changes and fluctuates. When demand is high and supply is relatively stable, prices grow and vice versa, when demand is low, prices fall.

[Yaunfitda]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

I don't know about this, but the first thing you learn when you get involved in bitcoin is that it is decentralised, no central authority.

But as a newbie, I Think the Bitcoin price change for two reasons. One reason is supply and demand.

That is the basic tenet of bitcoin, supply and demand, and with limited supply, the price has the potential to grow overtime.

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

More likely you buy bitcoin in an exchange, or thru P2P. Yes, there are no government rules, but regulations are already here. And most exchanges now requires, KYC documents.

At Present, the crypto world is trying to resolve slow speed up the number of transactions. When this change is applied, the world is converted into a new cryptocurrency world.

There is already LN (Lightning Network).

[LogitechMouse]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

If a newbie in crypto did even a little bit of a research, I think that they will see first that bitcoin is a decentralized currency so I don't think that this statement is true in any way unless that new in crypto didn't even tried to at least know the true definition of Bitcoin.

Supply and Demand is one yes but investors are related to it so in general, the investors are setting the price of it.
I think right now, the whales and large institutions are the ones who are controlling the price of it. No evidence but just a theory. The 2 reasons that you shared are true but you can just say that the investors are the ones who are setting the price of Bitcoin.

[rendravolt]

Bitcoin for people all over the world. So there is no such thing as being controlled by the government or even by companies. All purely from buying and selling transactions between people in the market and that is what causes bitcoin prices to fluctuate. So the price of bitcoin every day is unstable and we can take advantage of it.

[Shimmiry]

Second reason It is very easy to buy and sell in the marketplace. There is no govt. rules for buying and selling crypto.No need to go bank or others. Anyone can buy Bitcoin easily using the blockchain network which has a direct impact on the bitcoin price.

Not really. It's dependent on the country. Some countries sees bitcoin as an illegal financial platform. That is why they have lost restricting the citizen''s buy or sell of bitcoin. It's hard for that country's citizen who wants buy or sell bitcoin of the law that forbids it. But the adoption on bitcoin is progressive, so we will see more laws that will allow it's citizens to buy/sell bitcoin freely.

[lebregone]

Bitcoin price are set by the demand and supply, you have hit it correctly. Once the demand will grow then the price of bitcoin will start to increase, the same will
happen if the supply will hit it's dead end.

But if there is too much supply then the price of bitcoin will decrease, this scenario will continue to go up and down as there are big whales out there who are manipulating the
price of bitcoin as they are earning a profit by doing it. So right now, I can conclude that big whales are setting the price of bitcoin but this will eventually stop if the holders
or users of bitcoin will continue to increase where the big whales will have a difficulty in manipulating it's price.

[coolcoinz]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

That's literally the definition of how Ripple runs their XRP.

With Bitcoin the official version is that it's managed by supply and demand. The conspiration theorists prefer to say that it's run by whales who manipulate the price.

[Robertshon]

Why do you think I used google translate? I am new maybe my content is not of good quality that's why you think I used google translate. But I did not take any help from google translate...I read some article on google, I saw some video then I write this article

[imstillthebest]

Bitcoin for people all over the world. So there is no such thing as being controlled by the government or even by companies. All purely from buying and selling transactions between people in the market and that is what causes bitcoin prices to fluctuate. So the price of bitcoin every day is unstable and we can take advantage of it.

nice to see a people that are thinking positive or saying positive stuff towards the unstability of the btc because most of the time I only hear bad comments from the people saying this and that because they don't know how to take advantage of the volatile nature of btc . Too bad to know that government's cant control the price but they have the ability to stop the use of btc   . On other countries btc use is allowed and they can set the price depending if what side has the biggest favor .

[jademaxsuy]

It reminds me of myself talking about the demand and supply when I join bitcoin and did not have the idea why bitcoin market price move. The geniusis in a discussion had explain like this and because economics subjects were being taught in secondary school level then that was the time that I was able to understand how bitcoin market price move.

However, until now the question still wanting me a prove on really bitcoin price was not being influenced by dev? I do not think that it is not possible to reduce or increase letting it keep within their team or group. Who knows? Well I a just only expressing doubts towards bitcoin.

[Cryptoreflector_666]

It reminds me of myself talking about the demand and supply when I join bitcoin and did not have the idea why bitcoin market price move. The geniusis in a discussion had explain like this and because economics subjects were being taught in secondary school level then that was the time that I was able to understand how bitcoin market price move.

However, until now the question still wanting me a prove on really bitcoin price was not being influenced by dev? I do not think that it is not possible to reduce or increase letting it keep within their team or group. Who knows? Well I a just only expressing doubts towards bitcoin.

I will tell you more: when I studied at the University at the faculty of Economics, no one even talked about bitcoin, because it did not have such a wide popularity as it is now. As far as I know, the University has now introduced a small course on cryptocurrencies and it explains the volatility of bitcoin. See similar ones online.

[VanityWallets2015]

It reminds me of myself talking about the demand and supply when I join bitcoin and did not have the idea why bitcoin market price move. The geniusis in a discussion had explain like this and because economics subjects were being taught in secondary school level then that was the time that I was able to understand how bitcoin market price move.

However, until now the question still wanting me a prove on really bitcoin price was not being influenced by dev? I do not think that it is not possible to reduce or increase letting it keep within their team or group. Who knows? Well I a just only expressing doubts towards bitcoin.

I will tell you more: when I studied at the University at the faculty of Economics, no one even talked about bitcoin, because it did not have such a wide popularity as it is now. As far as I know, the University has now introduced a small course on cryptocurrencies and it explains the volatility of bitcoin. See similar ones online.

That is true, Bitcoin has had changes with its popularity and size of the community it has.
Point taken, the community is the primary driving force of supply and demand, as it sets the Bitcoin price.
And because it is decentralized, exchanges has been rampant that it contributes to the volatility of Bitcoin.

[hotwheels798]

Well bitcoin is a public property till now ( because no one has the code of Bitcoin except Satoshi Nakamoto). And as we all know how valuable the bitcoin is , no one knows where is Satoshi Nakamoto. Now a days specially the whole market is manipulated by Big whales , some crypto signal channels and some youtubers. I will tell you how it works.
As we all know if buyers come to market in huge number the price will go up and if the huge number of sellers will come out from the market , the price will come down. Some year ago, Big whales just manipulated the whole bitcoin market by playing with peoples emotion and by spreading panic news. To counter this , some channels and some youtubers also started providing signals. That's why the price prediction of bitcoin is kind of unpredictable , very less technical analysis will work ( possibility). So no one decided the price tag of bitcoin . Its totally based on supply and demand.

[Andronadar]

Of course, everything is interconnected, and, of course, such information is very interesting to learn.

[ampu]

No one can price Bitcoin because bitcoin is the property of the community and it is mined by miners. For years, miners have had to increase the cost of creating bitcoin so that it has a constant value. Bitcoin's value comes from the needs of people to use and exchange it. The more people want to own Bitcoin, the more bitcoin's supply decreases and the value increases through exchanges and exchanges.

[soulripper]

We all know bitcoin are decentralized coin and no one can control bitcoin so most of the price is being control by the buyer and the seller itself at exchanges market. What can effect bitcoin was bad reputation and a bad hype on bitcoin can bring market to down but most of the time we all can see bitcoin still survived till today despite on bad rumors about it on the internet. 

[Leviathan.007]

Since bitcoin is decentralized and not being controlled by any government or organization, none can even set official price for one bitcoin. The only thing setting and changing the price over the time in the markets is the supply and demand. But, there are many whales controlling a huge amount of bitcoins so they have more power to change the price usually in sharp movement of the price.

[Shasha80]

It's natural for newbies to think Bitcoin is managed by company, because they think Bitcoin is centralized. Even though the reality is
different that Bitcoin is decentralized, which no one can control Bitcoin. The price of Bitcoin is purely determined based on supply and
demand in the market. But the negative things that can happen, there are some whales who have large amounts of Bitcoin capable of
manipulating the market. Although it is risky for the whales too.

[Xembin]

I think,supply and demand set the bitcoin price. Bitcoin is decentralized,no body control the  price of bitcoin, only supply and  demand has the power to control the price in the market.
Currently, there is a cap of 21m bitcoins,  show that the cap is full, that means the supply of bitcoin is surplus in the market, until demand comes in before the market price can change.

[Yamifoud]

That is why they call newbie, they are no/less knowledge about crypto. What they have heard online coming from the news, YouTube, newspaper,  or any sources, it does not enough to make them fully understand about crypto.

Bitcoin price keeps changing, it is because it is never been controlled by someone or any group of people. Whales might it influence the market but it does not mean that they are the one who's entirely behind these changes. The price changes oftentimes for many reasons and we are not new about this.

I think,supply and demand set the bitcoin price.

Not it's not, it only affects the price. Once the demand is high, the price is also high, and when the demand is low, probably the price is also low.

[SomeJasonGuy]

As with most markets, and in the most basic terms, the price of bitcoin is "set" by demand and supply. That being said there are players known as "whales" who possess large amounts of bitcoin who can choose to "dump" or sell the currency which can cause a price crash. Price manipulation isn't unheard of the bitcoin world but as the currency matures this won't be a problem in the future.

[Assface16678]

As with most markets, and in the most basic terms, the price of bitcoin is "set" by demand and supply. That being said there are players known as "whales" who possess large amounts of bitcoin who can choose to "dump" or sell the currency which can cause a price crash. Price manipulation isn't unheard of the bitcoin world but as the currency matures this won't be a problem in the future.

Whales are one of the biggest contributors that can really manipulate the market price of the coin. Yes we are saying that the market price of the bitcoin is decentralized but still, we cannot deny that the one of the contributors can really make a lot of changes what if they invest a 1k dollar and they already gained profit so the only thing they need is to pull out the money but how about the small investors this is the time they are going to make a panic selling and this is a good time too for another investor to put another large amount of money.

[yazher]

The price will automatically set if those whales are unanimous to make one decision to but BTC at the market in one big move. The price will rise with no doubt in our hearts and when those whales decide to sell their BTC at once there will be no doubt too that the price will also fall depending how much price they dumped it. This is the common idea when it comes to the price of BTC but the point here is, that's not gonna happen at all because whales are some persons each has some unique characteristic that somehow will not cooperate with each other when they will buy or sell BTC.

[minairia3]

I think,supply and demand set the bitcoin price. Bitcoin is decentralized,no body control the  price of bitcoin, only supply and  demand has the power to control the price in the market.

No one controlled it by facts there are some whales accumulating a lot of supply of it to make a major impact when they started to play with the current supply. I know the pricinples of supply and demand but whats worry me is there are manipulators that likely move its price on their desired target. Example the last bull run, some manipulator called it and the market follows the hype of it making all projects moon. So to say, that its decentraized can be partly true on the trading part.

[MCobian]

Nobody can control the price of Bitcoin, even if Satoshi Nakamoto appears, I'm sure unable to control the price of Bitcoin.
Because Bitcoin is decentralized, which means no one can control and transactions are transparent. Therefore, Bitcoin is
developing fast enough, because it gives something that fiat currency can't give.

[Coroline]

It's really difficult to say that Bitcoin will be more higher, or maybe it's still early to say that.
As we all know, price really depends on the supply and demand or to the buyers or sellers too, that's what I understand how the market works especially in cryptocurrency.

Don't forget the miners either, sir. They must still be given satisfying prizes so that they can process transactions and keep them updated on the blockchain network. If the price of bitcoin drops dramatically and miners don't get paid what they are sacrificing, then many miners will choose to quit. And then the blockchain network will become unhealthy again because there could be a monopoly on mining pools or even the worst thing could happen, that all miners threaten to stop being miners.

And what happens is, Bitcoin transactions are getting slower and transaction fees are certainly expensive.

So the cause of bitcoin prices to go up or down is actually very complex and cannot be borne by one entity only. All bitcoin ecosystems expect miners to stop mining when the entire supply of Bitcoin for mining is exhausted so that the ecosystem continues to run


Also read this interesting article What Happens to Bitcoin After All 21 Million Are Mined?

[LbtalkL]

I still favor most that the market decide the price of bitcoin, It is just like our national currency it has change of price but in bitcoin we can see a huge decrease or increase and a lot of opportunities. But on the other hand, sometimes it made me believe that news has an effect on the price. The huge movements of whales might influence it too. I just read a blog before that 2017 bullrun was triggered by USDT and pump it but anyways it is just a speculation.

[CryptopreneurBrainboss]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

Don't think this statement is true instead it's more like most new comers think this business is like that of a ponzi scheme that the early Investors holding lots of bitcoin bags offload it to the new comers. This false reasoning make them fomo into buying bitcoin at its peak with the hopes of having the privilege over the others that'll join the market after they did.

Majority of the users joining the industry are doing so for the fast or quick gains the industry provides. They're are great opportunity to double and some times even 10x your capital in matter of weeks or even days. This cloud the new Investors reasoning which make they fall prey to manipulation from the whales. Since they (the whales) can manipulate the way we see the market in regards to supply and demand, I think it's safer to say they set the price of the market.

[Saisher]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

Can I ask what company is that, this is the first time I read that a company managed Bitcoin distribution, this is all wrong you better watch the correct videos and read the correct articles on how Bitcoin works, you may have watched the wrong ones, Bitcoin is decentralized no company or organizations managed Bitcoin, you should correct this post.

[beerlover]

Supply and demand is the only thing, there is nothing else that could set the price, there is no person behind bitcoin, it is just all a big supply and demand. Sometimes there is more people buying than selling and sometimes there is more people selling than buying, which changes the price of bitcoin, that is all we have as info.

Obviously there are whales who will want to manipulate the market and sometimes they succeed but they are not changing the price because they can, they are changing the price because we do allow them to change it, it is a power we give it to them. When a whale buys short futures and sells couple thousand bitcoins, instead of saying "thanks for cheap bitcoins" we end up panic selling and we help them, if we do not allow them there is nobody that has power over bitcoin.

[wxxyrqa]

Supply and demand is the only thing, there is nothing else that could set the price, there is no person behind bitcoin, it is just all a big supply and demand. Sometimes there is more people buying than selling and sometimes there is more people selling than buying, which changes the price of bitcoin, that is all we have as info.

Obviously there are whales who will want to manipulate the market and sometimes they succeed but they are not changing the price because they can, they are changing the price because we do allow them to change it, it is a power we give it to them. When a whale buys short futures and sells couple thousand bitcoins, instead of saying "thanks for cheap bitcoins" we end up panic selling and we help them, if we do not allow them there is nobody that has power over bitcoin.

With a stable market trend, it is indeed the supply and demand that affects the Bitcoin rates.In addition, the big whales always wear their adjustments, thanks to the large volume of coins they own. But the last drop in Bitcoin by 20% over the past two weeks formed prices that apparently depended on other reasons, since along with the cryptocurrency market, the fall was carried out in the stock market too.

[semobo]

The price of bitcoin comes from the demand and supply but the prices are determined by lot of factors, even traditional market changes influenced the price of bitcoin to change when the covid 19 pandemic was announced.And also manipulation is another factor should be considered by an investor whenever they are taking decisions related to buying and selling.

[carlfebz2]

Supply and demand is the only thing, there is nothing else that could set the price, there is no person behind bitcoin, it is just all a big supply and demand. Sometimes there is more people buying than selling and sometimes there is more people selling than buying, which changes the price of bitcoin, that is all we have as info.

Obviously there are whales who will want to manipulate the market and sometimes they succeed but they are not changing the price because they can, they are changing the price because we do allow them to change it, it is a power we give it to them. When a whale buys short futures and sells couple thousand bitcoins, instead of saying "thanks for cheap bitcoins" we end up panic selling and we help them, if we do not allow them there is nobody that has power over bitcoin.

With a stable market trend, it is indeed the supply and demand that affects the Bitcoin rates.In addition, the big whales always wear their adjustments, thanks to the large volume of coins they own. But the last drop in Bitcoin by 20% over the past two weeks formed prices that apparently depended on other reasons, since along with the cryptocurrency market, the fall was carried out in the stock market too.

When it comes to falling prices then theres no one can really precisely give out on whats the reason but we can already presume out that sentiments, whales and other aspect do really play a major role on this one
but totally we can really say that market movements is indeed dictated by that simple supply and demand thing.

It might be affected on other factors as well which are pretty common but both markets can really have that kind of possibility when it comes to manipulation.

But at least we are seeing that it isnt really that evident anyway.

[Bezobraznike]

Supply and demand is the only thing, there is nothing else that could set the price, there is no person behind bitcoin, it is just all a big supply and demand. Sometimes there is more people buying than selling and sometimes there is more people selling than buying, which changes the price of bitcoin, that is all we have as info.

Obviously there are whales who will want to manipulate the market and sometimes they succeed but they are not changing the price because they can, they are changing the price because we do allow them to change it, it is a power we give it to them. When a whale buys short futures and sells couple thousand bitcoins, instead of saying "thanks for cheap bitcoins" we end up panic selling and we help them, if we do not allow them there is nobody that has power over bitcoin.

   I agree with you Beerlover, we all contribute to Bitcoin price changes with our actions. Whales with more coins in their wallets can
move the market, but as you are saying, they just make manipulations with couple thousand dollars and newbies follow, it's how
everything start. Whales alone can't do much, but with careful placing orders here and there they can trigger others to do what they
want them to do.

[RealMalatesta]

How could anyone think that there is a person or a group that can decide on bitcoin price. If you could find people here and convince enough people you could change the price yourself, bitcoin is decentralized and unregulated so anyone can do anything. You have the right to actually find 100's of people with a million dollars in crypto (or ready to spend on crypto) and just buy bitcoin wholesale all together, lets say 100 million dollars, and that will increase the price 1% all by itself and the ripple affect from that will make sure it goes up 5% as well and with that price you could sell OTC and not destroy the market and make a great profit.

You just made a profit from doing something with friends, obviously you have to be rich for it but you have that right. Million dollars is NOTHING in fiat world.

[Quidat]

Many people who new in the crypto world think that Bitcoin is managed by a company and the owners hold all of the Bitcoin and they are selling them into the market when they need the money that's why Bitcoin price is change daily.

Don't think this statement is true instead it's more like most new comers think this business is like that of a ponzi scheme that the early Investors holding lots of bitcoin bags offload it to the new comers. This false reasoning make them fomo into buying bitcoin at its peak with the hopes of having the privilege over the others that'll join the market after they did.

Majority of the users joining the industry are doing so for the fast or quick gains the industry provides. They're are great opportunity to double and some times even 10x your capital in matter of weeks or even days. This cloud the new Investors reasoning which make they fall prey to manipulation from the whales. Since they (the whales) can manipulate the way we see the market in regards to supply and demand, I think it's safer to say they set the price of the market.

For altcoin or shitcoins then this one is indeed true and applicable but for Bitcoin and other top altcoins which do have high liquidity its impossible to think that whales would have always the full control.
Of course they do had impact since they are financially capabled but the market cant really be just easy to manipulate as they like.It always goes to sellers and buyers when we do talk about bitcoin price.
Theres no institution nor group do set the price in the market.It all matters with that basic economics class subject but we cant deny the other factors that can heavily affect it.
Its really just a bad perception or way of introduction on why other people fall into this industry without even knowing the reality.

[STT]

Bitcoin is managed by a company

The whole point of crypto is that its not centralised but then some people think Ripple is the future and is perfectly comparable and superior even to BTC so go figure, we'll have to work through why thats not true and hopefully regain the value in BTC thats lost to FIAT digital like that.

Nobody sets the BTC price, its off the leash and there is multiple layers to how it transforms over time.   The base price for BTC is quite different to the speculative waves that hit us and are quite obvious running in line with main market sentiments.  I know I trade crypto on the same account I share with shares and all kinds of conventional assets, so I imagine its quite common now that the currency flows are speculated.

[okala]

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

[arwin100]

Bitcoin is managed by a company

The whole point of crypto is that its not centralised but then some people think Ripple is the future and is perfectly comparable and superior even to BTC so go figure, we'll have to work through why thats not true and hopefully regain the value in BTC thats lost to FIAT digital like that.

Nobody sets the BTC price, its off the leash and there is multiple layers to how it transforms over time.   The base price for BTC is quite different to the speculative waves that hit us and are quite obvious running in line with main market sentiments.  I know I trade crypto on the same account I share with shares and all kinds of conventional assets, so I imagine its quite common now that the currency flows are speculated.

Many think that whales are in full control of the market condition of bitcoin but actually this scenario is totally not true since whales need a full cooperation of community that's why some of them creates fud just to create panic and make the market dumped, We see this fud scene keep coming and we don't see whales controlling the market although they have a highest advantages since they have big funds to trade but that is not enough.

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

I believe this is not true.

[bakasabo]

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

I was always thinking, that the price is regulated by supply and demand. I disagree that Bitcoin price is regulated by whales. Do you know that top10-100 bitcoin whale address are known (as blockchain is transparent) and everyone can observe what whales do with their Bitcoin. That means everyone is free to predict what whales plan to do next. You can spot that large amount of Bitcoins are moved to an exchange - means they are going to make an impact on the price. But in reality that does not work that way. In fact, part of the whales simply hold Bitcoins in their wallets. So how can holding or foreseen movement really impact on the price ?

No, the whales does not set the price.

[glowing10]

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

Not always whales can set the price, but yes when the whales buy in bulk or sell in bulk it does affect the price and accordingly it moves but also there are millions of other investors or traders who also buy/sell and when all of them start to sell or buy it will also play a major role. So, it’s going to be the demand and supply that decides on which side the major quantity exists either it is for buy or for sell and accordingly the price is in market.

[suzanne5223]

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

I was always thinking, that the price is regulated by supply and demand. I disagree that Bitcoin price is regulated by whales. Do you know that top10-100 bitcoin whale address are known (as blockchain is transparent) and

It level of demand and supply of Bitcoin in the market that determine the price of Bitcoin in the market, what Okala dont understand is that the whales only influence the market and not by any way set Bitcoin market price.

everyone can observe what whales do with their Bitcoin. That means everyone is free to predict what whales plan to do next.

With the help of coinjoin and others privacy waller all the whales activities can be observed and it not every crypto investors that have knowledge in market analysis.

[wheelz1200]

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

I was always thinking, that the price is regulated by supply and demand. I disagree that Bitcoin price is regulated by whales. Do you know that top10-100 bitcoin whale address are known (as blockchain is transparent) and

It level of demand and supply of Bitcoin in the market that determine the price of Bitcoin in the market, what Okala dont understand is that the whales only influence the market and not by any way set Bitcoin market price.

everyone can observe what whales do with their Bitcoin. That means everyone is free to predict what whales plan to do next.

With the help of coinjoin and others privacy waller all the whales activities can be observed and it not every crypto investors that have knowledge in market analysis.

I do tend to agree that by now it is a supply and demand issue and less determined by whales or groups.  In the past for sure it was manipulated as volume was much lower than now.  But massive buys and sells get swallowed so quickly now. 

[justdimin]

The greatest supply and demand product in history is definitely bitcoin right now, I do not think I have seen any that was as this much as before. Think about it, gold and all other things in finance, including fiat, everything had a material worth, even paper money has paper cost, when you print out 1 billion dollars, you spend at least few thousand dollars on that paper, probably more than we assume and you are destroying plants and trees and hurt the world so forth, there is a lot of stuff.

Gold the same way, there are ways you can use gold that is not financial, it could be used to make stuff as well. Bitcoin is not like that, bitcoin only has value because we give it value and it is not like art where only few does it, it is quite hugely common and big enough that there are tens of thousands, maybe millions give it value.

[Ayiranorea]

The demand to the supply is the factor that decides the value. This doesn't have any intrinsic value same as that gold has got. At times the miners were also responsible for the fluctuation with the market price of bitcoin. The large volume holders have the ability to manipulate the market, but this too is limited. Beyond certain point this gets served as a wave and the market moves irrespective of the demand to supply.

[peter0425]

The demand to the supply is the factor that decides the value. This doesn't have any intrinsic value same as that gold has got. At times the miners were also responsible for the fluctuation with the market price of bitcoin. The large volume holders have the ability to manipulate the market, but this too is limited. Beyond certain point this gets served as a wave and the market moves irrespective of the demand to supply.

In clear answer?no one controls the price of Bitcoin but Us who buy and sell/use this right?
and also to @OP never compared Bitcoin into anything as same value because this is different specially in Gold and Fiat.

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

manipulation?this has not proven so until now we are just thinking that this is happening but we are blind in reality.

[STT]

Bitcoin also has a cost to it, opportunity cost, technology cost and power is quite a large amount of the cost of running it.   Theres a large cost behind BTC to be part of the network, its scaled over time on purpose and its part of the protocol to control supply and competition on the network.
 

you spend at least few thousand dollars on that paper,

Paper money is far cheaper to create, most of the dollar supply is never printed just entered on a spreadsheet with another zero on the end it couldn't be easier and the supply has no control besides politics which has corrupted any proper dollar standard.

[bitbunnny]

It seems that this question is bothering some users from time to time. If you are focused on traditional finances it's hard to be convinced that Bitcoin is independent currency that is not tied to any financial authority, central bank or similar. Some even think that whales control Bitcoin fully including determing of price. Some also believe that some individuals or organisation are standing behind Bitcoin and influence the price.
For nothing of that there is no proof so Bitcoin price is defined by market, by demand and supply ratio.

[KTChampions]

It seems that this question is bothering some users from time to time. If you are focused on traditional finances it's hard to be convinced that Bitcoin is independent currency that is not tied to any financial authority, central bank or similar. Some even think that whales control Bitcoin fully including determing of price. Some also believe that some individuals or organisation are standing behind Bitcoin and influence the price.
For nothing of that there is no proof so Bitcoin price is defined by market, by demand and supply ratio.

Thoughts about whales/organizations do have a solid foundation.
Obviously, large capital holders (both in bitcoin and in dollars and in mining capacities) can influence the market very strongly. Perhaps because of this, someone makes the erroneous conclusion that whales "own" the market.
As for organizations (exchanges), there are similarly certain grounds for such thoughts: now most of the bitcoin trading takes place there and the price of bitcoin is determined there. If we take into account the factor of fake volumes, then we must admit that the exchanges have great opportunities to manipulate (within certain limits) the price of bitcoin.

[lepbagong]

It seems that this question is bothering some users from time to time. If you are focused on traditional finances it's hard to be convinced that Bitcoin is independent currency that is not tied to any financial authority, central bank or similar. Some even think that whales control Bitcoin fully including determing of price. Some also believe that some individuals or organisation are standing behind Bitcoin and influence the price.
For nothing of that there is no proof so Bitcoin price is defined by market, by demand and supply ratio.

it is understandable that not all also know what you say because all still think that your bitcoin controls and manages it so that to benefit someone, this still often happens to the minds of people who are new to know even maybe it's old but still influenced by something that is not occurred to them.
hopefully what you explain can explain well and no longer be a polemic to be questioned.

all colleagues can understand the explanation in the last paragraph.

[BITCOIN4X]

Thoughts about whales/organizations do have a solid foundation.
Obviously, large capital holders (both in bitcoin and in dollars and in mining capacities) can influence the market very strongly. Perhaps because of this, someone makes the erroneous conclusion that whales "own" the market.

The market does not belong to the whales but they often play with the price of bitcoin. Whales have the ability to improvise bitcoin price because they have a lot of capital. Supply and demand are thing that forever affect the price of bitcoin and it is trader who do.

I agree that exchange can manipulate bitcoin price within a certain range and we often hear that they also have fake volume and this is purely for the benefit of the organization itself.

[Furious 7]

Thoughts about whales/organizations do have a solid foundation.
Obviously, large capital holders (both in bitcoin and in dollars and in mining capacities) can influence the market very strongly. Perhaps because of this, someone makes the erroneous conclusion that whales "own" the market.

The market does not belong to the whales but they often play with the price of bitcoin. Whales have the ability to improvise bitcoin price because they have a lot of capital. Supply and demand are thing that forever affect the price of bitcoin and it is trader who do.

I agree that exchange can manipulate bitcoin price within a certain range and we often hear that they also have fake volume and this is purely for the benefit of the organization itself.

So whales are completely not market controllers but they have strong support in capital to be played with in terms of prices in the market, maybe there is an organization where they will act with strong capital and that can also affect prices and supply and demand can be changed by those who are capable of the organization.

But I believe the whales are only slightly fixed with the price movements in the market because of the trend or news that causes all traders to act not only the whales but still not dependent on the news from the whales.

[pokeronlinestatus]

Probably there are people out there who thinks that "if I can't see it, that means you can't see therefore you can't know it neither" idea as well, obviously this is not true because even though we can't see it we know the idea that bitcoin can't be something that could be controlled by anyone.

However all these tinfoil hat people keep thinking and saying that whales could buy and sell to manipulate the market, which I am not going to deny, they are sort of right by the fact that the "price" of bitcoin can be controlled, even if bitcoin itself can't but if a person is rich enough, like let's say they have 30k bitcoin or have 200 million dollars, they could simply just buy or sell and make the price move, however as long as we do not allow them they can't do anything in control part of the deal.

[akram143]

Thoughts about whales/organizations do have a solid foundation.
Obviously, large capital holders (both in bitcoin and in dollars and in mining capacities) can influence the market very strongly. Perhaps because of this, someone makes the erroneous conclusion that whales "own" the market.

The market does not belong to the whales but they often play with the price of bitcoin. Whales have the ability to improvise bitcoin price because they have a lot of capital. Supply and demand are thing that forever affect the price of bitcoin and it is trader who do.

I agree that exchange can manipulate bitcoin price within a certain range and we often hear that they also have fake volume and this is purely for the benefit of the organization itself.

Manipulation can bring serious damage if there is a manipulation comes along with some incident related to cryptos, fale volumes not really affect the market but the quick change in the market movement does and more often newbies are the one to get trapped with these kind of whale manipulation.

[BitcoinHunt3r]

Thoughts about whales/organizations do have a solid foundation.
Obviously, large capital holders (both in bitcoin and in dollars and in mining capacities) can influence the market very strongly. Perhaps because of this, someone makes the erroneous conclusion that whales "own" the market.

The market does not belong to the whales but they often play with the price of bitcoin. Whales have the ability to improvise bitcoin price because they have a lot of capital. Supply and demand are thing that forever affect the price of bitcoin and it is trader who do.

I agree that exchange can manipulate bitcoin price within a certain range and we often hear that they also have fake volume and this is purely for the benefit of the organization itself.

Manipulation can bring serious damage if there is a manipulation comes along with some incident related to cryptos, fale volumes not really affect the market but the quick change in the market movement does and more often newbies are the one to get trapped with these kind of whale manipulation.

Maybe with that, people must learn first how to be good trader before they start to do trading, i mean maybe for some people, it is good to learn with practice but for basic, i think it will be good if people learn first at least how to choose good market so they are not trapped into price manipulation.

[MFahad]

Bitcoin is managed by a company

The whole point of crypto is that its not centralised but then some people think Ripple is the future and is perfectly comparable and superior even to BTC so go figure, we'll have to work through why thats not true and hopefully regain the value in BTC thats lost to FIAT digital like that.

Nobody sets the BTC price, its off the leash and there is multiple layers to how it transforms over time.   The base price for BTC is quite different to the speculative waves that hit us and are quite obvious running in line with main market sentiments.  I know I trade crypto on the same account I share with shares and all kinds of conventional assets, so I imagine its quite common now that the currency flows are speculated.

Many think that whales are in full control of the market condition of bitcoin but actually this scenario is totally not true since whales need a full cooperation of community that's why some of them creates fud just to create panic and make the market dumped, We see this fud scene keep coming and we don't see whales controlling the market although they have a highest advantages since they have big funds to trade but that is not enough.

To my understanding, the bitcoin price is set by the whales. Many time we see were market will be moving in a particular direction only for it to be push in an opposite direction because of interest of whales.

I believe this is not true.

Bitcoin price is not set by the whales. They only act as a driving factor to pump or dump the market. Since they have large amount of bitcoins, if they start dumping it, people follow the trend and start to sell in loss and market crashes. You can call them as market manipulations. They can't set the exact price  as no one can control the bitcoins.

[dimonstration]

Bitcoin price is not set by the whales. They only act as a driving factor to pump or dump the market. Since they have large amount of bitcoins, if they start dumping it, people follow the trend and start to sell in loss and market crashes. You can call them as market manipulations. They can't set the exact price  as no one can control the bitcoins.

There were times that I think whales knows each other or have some sort of telegram chat group that they were able to manipulate the market way too hard.Sometimes, no matter how hard we put on studying TA, there were time we can't predict the price dump and pump. So all we need to do is to be updated and looks how the market behaves in a day or if plans for long term to not worry about the price dump and pump. It is not controlled, it have chance of bringing back its price as it is bitcoin unlike in other altcoins that once it got dump, it may be hard for them to bring back ther price.

[Oasisman]

But as a newbie, I Think the Bitcoin price change for two reasons.

Just only one main reason, and that's supply and demand. But there are a lot of factor for the price to change and that's what the market analysts are trying to figure out to predict the next Btc price movement.
Whales may have huge impact if they dump or buy, but they don't have full cotrol over the crypto market.

[DoublerHunter]

Bitcoin price is not set by the whales. They only act as a driving factor to pump or dump the market. Since they have large amount of bitcoins, if they start dumping it, people follow the trend and start to sell in loss and market crashes. You can call them as market manipulations. They can't set the exact price  as no one can control the bitcoins.

There were times that I think whales knows each other or have some sort of telegram chat group that they were able to manipulate the market way too hard.Sometimes, no matter how hard we put on studying TA, there were time we can't predict the price dump and pump. So all we need to do is to be updated and looks how the market behaves in a day or if plans for long term to not worry about the price dump and pump. It is not controlled, it have chance of bringing back its price as it is bitcoin unlike in other altcoins that once it got dump, it may be hard for them to bring back ther price.

^ It is not being controlled by someone else but it seems to be manipulated by big whales, probably you guys right, it is hard to control bitcoin and whales are tired on this strategy because they know it requires a lot of money before you can make a wabe into crypto market. Whale are whales in the market, they are trying to manipulate the price to be dumped, just like  spreading fake news with the feed social media that makes bitcoin name becomes the price drop dow. The real answer is, no one will set what is the price of bitcoin.

[24Kt]

But as a newbie, I Think the Bitcoin price change for two reasons.

Just only one main reason, and that's supply and demand. But there are a lot of factor for the price to change and that's what the market analysts are trying to figure out to predict the next Btc price movement.
Whales may have huge impact if they dump or buy, but they don't have full cotrol over the crypto market.

There are so many contributing factors in this market. And we can't exactly pinpoint those factors. Though of course, one major factor is the role of these whales. But yes, they can't fully control this huge crypto market. But if you are a trader, just make sure you are updated with crypto news and the price movement. It will help you in deciding what to do with your portfolio.

[lepbagong]

But as a newbie, I Think the Bitcoin price change for two reasons.

Just only one main reason, and that's supply and demand. But there are a lot of factor for the price to change and that's what the market analysts are trying to figure out to predict the next Btc price movement.
Whales may have huge impact if they dump or buy, but they don't have full cotrol over the crypto market.

There are so many contributing factors in this market. And we can't exactly pinpoint those factors. Though of course, one major factor is the role of these whales. But yes, they can't fully control this huge crypto market. But if you are a trader, just make sure you are updated with crypto news and the price movement. It will help you in deciding what to do with your portfolio.

What is certain is that the role of the Halving is clearly felt in the movement of bitcoin which has indeed increased a little and there is so much demand, so if we look at the Halving period in the first and second periods then after a year later bitcoin is climbing high. The third halving happened this year so we can be sure there will be an increase next year and I really believe that.

[blckhawk]

I guess you pretty much nailed it. Bitcoin was decentralized meaning there's no company runs behind it yet there will be no need third parties to intervene your transaction. Bitcoin's value depends on the demand and supply. If the demand was high then price is more likely will increase and vise versa if the supply was high. They say no one control the price of Bitcoin but apparently it is not true because whales could make total changes upon the price.

[skarais]

They say no one control the price of Bitcoin but apparently it is not true because whales could make total changes upon the price.

No, the whales cant control the price but they can only play with it for their own benefit. Nobody can control the price of bitcoin and it is clearly determined by the activity of the trader. Because bitcoin is a very volatile asset, anyone who has a lot of capital can look for loopholes to get multiple profit. Nobody want to lose, and often the activity of the whales can negatively impact the price of bitcoin but only temporarily before they react again.

[KTChampions]

Thoughts about whales/organizations do have a solid foundation.
Obviously, large capital holders (both in bitcoin and in dollars and in mining capacities) can influence the market very strongly. Perhaps because of this, someone makes the erroneous conclusion that whales "own" the market.

The market does not belong to the whales but they often play with the price of bitcoin. Whales have the ability to improvise bitcoin price because they have a lot of capital. Supply and demand are thing that forever affect the price of bitcoin and it is trader who do.

I agree that exchange can manipulate bitcoin price within a certain range and we often hear that they also have fake volume and this is purely for the benefit of the organization itself.

It does not belong to them 100%, but how much does it belong to them? 95%? 60%? I don't know, but sometimes the figure of 95% seems real to me. Especially when I read about miners/exchanges and other crypt infrastructure and see how everything is tightly integrated with each other, from hardware manufacturers and miners to exchanges.

[STT]

Its not percentages, its time scale.   For sure a whale can wipe the books on an exchange for some period of time especially off peak but its not going to last over many hours unless there is coordination between multiple parties.  What really matters is a common perception, people think news moves the price but its the common emotion that the news brings so when everyone is in the same direction on BTC sentiment then we get weakness or strength for that moment.   Then also there is prior volume and possible orders left open while people are not even present, certain areas attract more attention and 'memory' then others.  
  I really dont hope to guess pricing further out that much but I do hope to identify price significance where I should step more carefully and the idea is to catch a trend with confidence and ride a channel upwards, shorts are usually both harder to do and shorter term but a good long could last a year maybe.

[Hippocrypto]

They say no one control the price of Bitcoin but apparently it is not true because whales could make total changes upon the price.

No, the whales cant control the price but they can only play with it for their own benefit. Nobody can control the price of bitcoin and it is clearly determined by the activity of the trader. Because bitcoin is a very volatile asset, anyone who has a lot of capital can look for loopholes to get multiple profit. Nobody want to lose, and often the activity of the whales can negatively impact the price of bitcoin but only temporarily before they react again.

They can't control but using their own money, I guess they'll able to create hype on their respective holdings which is valuable to them. Price always matters in every asset, once they're done on investing such money in order to grow their bitcoin that's the time pullback happens. Most cases and same pattern always tend to initiate, and lessons made us learn unto it so we're just riding on these big fishes.

[Yamifoud]

They say no one control the price of Bitcoin but apparently it is not true because whales could make total changes upon the price.

No, the whales cant control the price but they can only play with it for their own benefit. Nobody can control the price of bitcoin and it is clearly determined by the activity of the trader. Because bitcoin is a very volatile asset, anyone who has a lot of capital can look for loopholes to get multiple profit. Nobody want to lose, and often the activity of the whales can negatively impact the price of bitcoin but only temporarily before they react again.

Ain't to argue that. Whales are smart, they play their money, manipulate the market, it all becomes those small investors are just a puppet to them. We said that no one sets the price but whales somewhat did that. Although not all the time but seeing how they were able to change the price trend up and down using their money, they are actually making it several times. We knew it and we feel it. That is why we mostly claim that whales are doing this.

[Oceat]

They say no one control the price of Bitcoin but apparently it is not true because whales could make total changes upon the price.

No, the whales cant control the price but they can only play with it for their own benefit. Nobody can control the price of bitcoin and it is clearly determined by the activity of the trader. Because bitcoin is a very volatile asset, anyone who has a lot of capital can look for loopholes to get multiple profit. Nobody want to lose, and often the activity of the whales can negatively impact the price of bitcoin but only temporarily before they react again.

Ain't to argue that. Whales are smart, they play their money, manipulate the market, it all becomes those small investors are just a puppet to them. We said that no one sets the price but whales somewhat did that. Although not all the time but seeing how they were able to change the price trend up and down using their money, they are actually making it several times. We knew it and we feel it. That is why we mostly claim that whales are doing this.

Well, obviously this is an open market so everything is possible here and whales can manipulate the entire market if they want to. We are just a small fish in this big ocean of crypto currency world. And the other factors is the demand and supplies but as you can see whales can easily manipulate that too so we should be aware of how they tend to run the whole market with their hands.

[bitgolden]

The "control" and setting price are two different things that is why. Bitcoin can't be controlled as in you can't print more bitcoin for example, or you can't suddenly change the transaction fee as a person, it is all depending on miner averages and so forth, basically you can't control bitcoin itself, not the price of it.

Price of bitcoin is a personal thing, the market decides on it and market is filled with people and money, so if you are rich you can change the market, you can "control" the price of bitcoin and that is all the power whales could have, nothing more. Even billionaires tried to have miners and change stuff and they failed, you can be as rich as you want but you can't change bitcoin itself, it will always be decentralized and untouched by anyone powerful, it will always be publicly owned.

[Insanerman]

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The answer on your question that who sets the bitcoin price is those people that are engaging with bitcoin. Investments, normal transactions, for payments, hodl, etc. These stated reasons, are some example of the demand for bitcoin. If there are more demands, bitcoin's price might go up, on the otherside, if there are less, then it's also possible to go down.

If you ever wanted to get more knowledge on how you can predict bitcoin's price within a particular time frame, then do it using different charts and graphs. It's a hard task tho.

[Kong Hey Pakboy]

~

The answer on your question that who sets the bitcoin price is those people that are engaging with bitcoin. Investments, normal transactions, for payments, hodl, etc. These stated reasons, are some example of the demand for bitcoin. If there are more demands, bitcoin's price might go up, on the otherside, if there are less, then it's also possible to go down.

If you ever wanted to get more knowledge on how you can predict bitcoin's price within a particular time frame, then do it using different charts and graphs. It's a hard task tho.

Indeed. Simply to say that bitcoin's price only determined in its supply and demand. When people buy bitcoin or the demand for bitcoins increases, the price increases, and when people sell their bitcoin or the demand decreases, bitcoin's price decreases as well, that is why some crypto enthusiast are encouraging more people to buy bitcoin because they would like to increased it's price to maintain their long-term investment.

[pinggoki]

Since crypto is decentralized, no one can totally manipulate the price that is why the demand and supply is the one who is responsible for providing the market value of a particular coin.
However, in this crypto world, there are individuals who accumulate an enormous amount of coins they usually called "whales" and they can totally make changes in the market due to the massive assets they have. In short, they can somehow manipulate the price of the coins they hold.

[dunfida]

Since crypto is decentralized, no one can totally manipulate the price that is why the demand and supply is the one who is responsible for providing the market value of a particular coin.
However, in this crypto world, there are individuals who accumulate an enormous amount of coins they usually called "whales" and they can totally make changes in the market due to the massive assets they have. In short, they can somehow manipulate the price of the coins they hold.

Even on traditional markets these manipulation is always been part of it, there are individuals which are really on that level which can really affect the market as they like but not on the extent that they can do everything since supply and demand is scattered on a big community which basically means that monopoly or total manipulation is unlikely.For moving prices then of course this do talk about demand because it will move depending on the support that it gets.
Its been 10 years and still young but we have seen on what are the things had been done.

[barbara44]

I understand that newbies may have some questions, they are free to ask. I have seen people who ask "who makes these bitcoins you buy" as well, he assumed bitcoin was a company that we bought, like it was some sort of stock market situation and we bought shares of a company, he didn't know at all and assumed satoshi nakamoto was a person who sold these.

When he figured it out he liked it more but that doesn't mean he was a bad investor or an idiot when he asked that question, if you are new you are free to ask whatever you want and there is no wrong questions, as long as you are keen to learn more about bitcoin you should be asking about everything. However when there is a discussion about the answer, these newbies are not sure which one of us tell the truth, that is a hard path to overcome for them.

[worldofcoins]

I understand that newbies may have some questions, they are free to ask. I have seen people who ask "who makes these bitcoins you buy" as well, he assumed bitcoin was a company that we bought, like it was some sort of stock market situation and we bought shares of a company, he didn't know at all and assumed satoshi nakamoto was a person who sold these.

When he figured it out he liked it more but that doesn't mean he was a bad investor or an idiot when he asked that question, if you are new you are free to ask whatever you want and there is no wrong questions, as long as you are keen to learn more about bitcoin you should be asking about everything. However when there is a discussion about the answer, these newbies are not sure which one of us tell the truth, that is a hard path to overcome for them.

You have to learn everything about bitcoin before getting involved in it. You can't simply convert you all money into bitcoins, of course, no one is behind the bitcoin, not even a company, and newbies should get some knowledge before involving on cryptocurrency.
About the price, It will depend on the demand and the supply.
In 2017 the price hit $20,000 just because people start getting involved in it which decrease the supply and increase the demand.