who controls the bitcoin price?

[ReiMomo]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

If you have the bank balance even you can control the price of bitcoin. With the price of bitcoin soaring at an all time high valuation you cannot expect anyone to control the market without having billions at your disposal. There are many institutional investors in the market and they can really control the price and can even manipulate the price of bitcoin if they wanted considering the huge amount of coins they are holding.

Well I guess, for now, it really hard to play the market. Bitcoin is very expensive and it needs more them to have more funds to manipulate the market. That is not easy as that because also the transaction fee is quite high and just something waste of time and including bitcoin to manipulate the market, I guess there is a possibility but the fact, no one controls the bitcoin price.

Even big institutions that started investing in Bitcoin now but for sure can't able to manipulate the price.

[BuNga_cute]

Those who can control the price of Bitcoin must be investors with a lot of money, it must be that the price of Bitcoin is very expensive, there is
very little chance that individuals can control the price of Bitcoin. So in my opinion institutions with very large capital can influence price movements
in the market. It could also be an institution that manipulates prices in the market. Therefore, as small investors we must be careful investing
in Bitcoin, so as not to mistakenly buy Bitcoin at the peak price. Since Bitcoin price is very volatile, there will likely be a pump and dump. So always
do analysis to determine the selling / buying price, except for long-term investments it is very safe to invest in Bitcoin, because the price of Bitcoin
will continue to rise in the future.

[taufik123]

Who owns a lot of Bitcoin and a lot of Fiat he can control the market but not completely. Like the whales who were of course very influential when they started selling and buying bitcoins. The whales have a very important role, they have their own plans to control where the bitcoin price will go. The government and influencers only affect market fundamentals, when the government issues policies and some influencers try to explain to the public, it will affect the price of bitcoin.

Each of them has the opportunity to be able to influence the price of bitcoin, but not completely.

[kevinzxz]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

In my opinion, the price of Bitcoin is influenced by investors, because if many people (investors) want to invest and buy Bitcoin, then of course the demand for Bitcoin will increase and that will have an effect on Bitcoin price movements (Bitcoin price will increase), because demand can affect the price of Bitcoin (the more demand, the price will go up and the less demand, the price will go down).

[pecson134]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. BTCbitcoin whalesBTC
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

The highest probable responsible person/factor for that is the bitcoin whalers. They were the one's who were utilizing a lot of bitcoin through buy and sell or trade and from that the value of bitcoins fluctuations varies from it. Though other factors can affect bitcoins but still those tycoons had the biggest influence of them all.

[BigBoy89]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

IMO it's in this order:

v. crypto exchanges
i. bitcoin whales
vi. crypto influencers

and by 'crypto influencers', I mean all those different spreading kinds of news.

Every big wallet move immensely influences the crypto market, sell & buy, mostly speculations.

[maculeth]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

my analysis as a newbie, maybe whales and crypto exchange. I just think that whales can control the price because they can control the buying power which can increase or decrease the trading volume and that will definitely affect the price. Then for crypto exchanges, maybe the effect is that when the trading volume of the crypto exchange is low, it can affect the interest of investors or traders, while it can be set by the crypto exchange itself.

[TedMosby]

I found this article is almost complete about who controls bitcoin.

• who control the bitcoin development
• who control the bitcoin blockchain
• who control the bitcoin supply
• who control the bitcoin price

Source:
https://www.tokens.net/blog/who-controls-bitcoin-a-guide-to-btc-stakeholders/

[xSkylarx]

Besides traders, I think news or rumor can also control the price of bitcoin. If there is a bad rumor spreading about bitcoin, there is a high chance that many people with weak hands will sell their holdings. This also can show a buy signal if good news was announced by a credible source and trigger a FOMO. This results in some people getting hyped and buy at a peak price. So IMO news or rumor can also be a basis to know what will be the trend of bitcoin.

[Swopon]

No one has full control, but someone can manipulate the price especially those who have a big volume of holdings. They could make the price suddenly drop. This big holders of the whales might be a syndicate that wants to take advantage of the current run. Their manipulation Might affect the price but for only the short term. They still can fully control it.

There is the sense in your statements. No one has a pointer in controlling Bitcoin. But there is some fraction on these big holders. I guess there is one additional fact, it is the government. Any government can ban Bitcoin at any moment. This is also a means to control.

[Phanditha Echevarria]

I DO believe that when a large institution buys bitcoin, the price will rise because wealthy people are likely to follow these institutions...and then it becomes scarce then expensive

[Obito]

Definitely the whales, they are the one that can create waves that could send tremors in the market. Banks are more of a manipulator behind the curtain, they do not want bitcoin to win but they have to do it with some sort of discretion or without raising the suspicion that they are trying to make it look like the decentralized market is a bad thing for the people. But in general, everyone who holds a bitcoin is controlling the prices although it is a little more undetected, every individual involved still contributes to the prices.

[leea-1334]

Who owns a lot of Bitcoin and a lot of Fiat he can control the market but not completely. Like the whales who were of course very influential when they started selling and buying bitcoins. The whales have a very important role, they have their own plans to control where the bitcoin price will go. The government and influencers only affect market fundamentals, when the government issues policies and some influencers try to explain to the public, it will affect the price of bitcoin.

Each of them has the opportunity to be able to influence the price of bitcoin, but not completely.

There is no such person anymore. There was not even one in 2016 or 2017 (which the US government itself admitted in conclusions to Bitcoin assessment) which makes it a purely decentralized crypto asset. The same cannot be said for most altcoins,,, even ETH needed a few more years to become more decentralized and still has not achieved Bitcoin's level of distribution.

[GeorgeJohn]

Bitcoin price is controlled by buyers and sellers, whales are part of the buyers and sellers that makes then be one of the people that control bitcoin price. But nothing controlling the price that people that buy and sell it, it is not controlled by government ms or banks, it has no central power controlling it. If more bitcoin is brought the price increase and will decrease if more people sell than buy.

Your right mate,because it's obvious that no one controls or regulate bitcoin price, from my views I captured that the price of bitcoin is been determined when the total numbers of buyers is greater than total numbers of sellers, so when such occurs it speed up or increase the price of bitcoin, which in summary it call marketcap of cryptocurrency.

[caryoscar]

According to Pete Chier, big Bitcoin whales and miners can have a vested interest when prices rise. For miners, it makes sense that they want to push up the price of Bitcoin, otherwise mining would no longer be a profitable industry.

In addition, Pete Chier also said that because Bitcoin wealth is concentrated in the hands of big Bitcoin whales, they also have something to push prices up.

[0t3p0t]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

If I have to follow your choices I think the major influence regarding the price of Bitcoin price are Bitcoin whales and crypto exchanges because they have the power to manipulate fake pump and dump that lead the community and other investors hit by emotions that makes those big players earn huge amount of money.

[acener]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

All of those listed are major influencer to the Bitcoin price,
We blame the whales whenever they move their assets and affect the price,
And also the banks,wall street and hedge funds could create some event that would change the phase of price movement.
Cryptp exchange would only affect the price if something huge happen like being hack and the threat that those hacker would sell what they get so the price would get rekt.
And crypto influencer makes wave by their followers we could consider them as pump and dump group.

[akirasendo17]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. bitcoin whales
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

I think it's a mix of those in your list, each of them plays a vital role in the price of bitcoin either up or down, for example, the whales if they are selling
The only one that I disagree with is the exchange since its the trader's decision to sell the price that they want not the exchange, they have no control about the price if you go to exchange for example poloniex you can put your desired value for your coin right? that is why exchange has less influence with the price.

[kramat]

No one can control the Bitcoin. Bitcoin is future currency's. It not easy to control. If Bitcoin price high in market that time people is involved in tha bitcoin. Bitcoin demand in marketplace that time prices is automatically increase the price. Most of the people waiting for the Bitcoin price down for investment purpose. People believe tha Bitcoin.

[posi]

well, i been thinking for a while about who actually controls the bitcoin price.
among the following below, which one do you think has the major influence regarding the bitcoin price?

i. BTCbitcoin whalesBTC
ii. the banks
iii. wall street
iv. hedge funds
v. crypto exchanges
vi. crypto influencers

The highest probable responsible person/factor for that is the bitcoin whalers. They were the one's who were utilizing a lot of bitcoin through buy and sell or trade and from that the value of bitcoins fluctuations varies from it. Though other factors can affect bitcoins but still those tycoons had the biggest influence of them all.

Straight from the shoulder speaking, this is an old story and if you go back in the time when the market is still suffering the Bitcoin block halving effect you will understand that the whales are no longer the cryptocurrency market price controller. However, the last time I checked the accumulation of the institution since last year November till now they are currently holding 1,221,503BTC which I believe make them the legitimate major investors of the current market.