who controls the bitcoin price?

[Lmaooo]

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

[MrcMrc]

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.

[avikz]

Bitcoin price is not controllable by any group or power. It's price is controlled by various factors,

1. Cost of production
2. Demand supply
3. Market circulation
4. Scarcity model

There are whales who hold large amount of bitcoins but they don't have the power to control the price of bitcoin. They can sometime influence the price to a certain extent by flooding the market with new bitcoin (creating supply) or withdrawing the bitcoins from the market (creating scarcity) which is commonly known as pump-and-dump technique. But these are temporary, they can't control the price of bitcoin!

You can read the below article to know more,

https://www.investopedia.com/tech/what-determines-value-1-bitcoin/

Hope this helps!

[Lmaooo]

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.

ok, that's basic supply and demand theory.
ref: https://www.investopedia.com/terms/l/law-of-supply-demand.asp

[fishbonez11]

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

[MrcMrc]

1. Cost of production
2. Demand supply
3. Market circulation
4. Scarcity model

Yes scarcity is one if the reasons the price of bitcoin is very high like this because it is limited in supply, also the demand which is increasing increase the price, the supply can have resulted into decrease price but the amount is limited in million which makes its price to be good. But I do not understand what market circulation means in this because it is still the supply which we have talked about. Also cost of production is what I do not understand how it affect the price of bitcoin.

[Hippocrypto]

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 the first place Bitcoin whales is the most leading contributor of the price that has been raging all over. The rest were just following its footsteps, but they really helped with price growing so rapidly due to demand coming from traders. Whales only capitalized when there's a massive demand, and once there's a good sign for trend to explode, then the above mentioned factors would suddenly takes place.

[suzanne5223]

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 the first place Bitcoin whales is the most leading contributor of the price that has been raging all over. The rest were just following its footsteps, but they really helped with price growing so rapidly due to demand coming from traders. Whales only capitalized when there's a massive demand, and once there's a good sign for trend to explode, then the above mentioned factors would suddenly takes place.

Firstly, the market level of demand and supply is what determines the market price but the whales to be the most leading contributor to the Bitcoin market surge in price was a long time ago story because the institutions are the current market primary investor. Besides, Billy Woo makes a tweet on Twitter which I believe explains the market price contributors this day.

[fiulpro]

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 do think that you are missing the major body that does have the ability to control the price of bitcoins but temporarily.
1. Government

They can ban or even let the cryptocurrencies flourish. The central bodies can forcefully try and regulate the price of bitcoins.

- The Chinese authorities started banning mining back in the day and then people had to run away from china literally, now they tried to take over the mining farms etc... So this is something that can effect the price of bitcoins but for a short term since whatever they do the price will recover. Will be balanced out from other people outside.

Therefore I believe that for cryptocurrencies to flourish we do need friendly government so that more people can openly trade and buy/sell.

-*-

Then again no one and everyone controls the price at the same time , the higher the amount of BTC you own the more you have the ability to influence the price..

[rokon1234]

The price of Bitcoin depends on its demand and supply.No one can't control it if its demand increases and supply decreases.On the other hand bitcoin is virtual cryptocurrency.so, in my opinion no one has the power to control it, this is what I have seen in my experience using bitcoin.

[iTradeChips]

Bitcoin price is not controllable by any group or power. It's price is controlled by various factors,

1. Cost of production
2. Demand supply
3. Market circulation
4. Scarcity model

There are whales who hold large amount of bitcoins but they don't have the power to control the price of bitcoin. They can sometime influence the price to a certain extent by flooding the market with new bitcoin (creating supply) or withdrawing the bitcoins from the market (creating scarcity) which is commonly known as pump-and-dump technique. But these are temporary, they can't control the price of bitcoin!

You can read the below article to know more,

https://www.investopedia.com/tech/what-determines-value-1-bitcoin/

Hope this helps!

This is good information that you have provided there. There is really no one person nor one entity that basically controls the price of bitcoin. The factors you have mentioned is a good example of what really makes Bitcoin this expensive now. Good price for those who have Bitcoin and bad (too expensive) for those who are late in joining the party. Even the bitcoin holders from China and big mining operators don't control the price we all know that.

[raise001]

No one controls the price of bitcoin its price always ups and down by the market. If selling amount is grater than buying amount then the price will be down on the other hand if buying amount is grater than selling amount then price automatically raise.

[meanwords]

I don't know if I'm the only one thinking this but I think the media partly controls the price of Bitcoin (just a miniscule percentage). Ever notice that when something big happen, medias will try to milk that event that will result into people (most likely investors that aren't really into the technology) will take action depending on the news.

[bosede1]

For me I think Bitcoin price is being controlled by the buyer and seller in the market. For anything market it either the price is determined by the seller and quantity by the buyer or vice versa.

[Jawhead999]

-snip-

1. Government
They can ban or even let the cryptocurrencies flourish. The central bodies can forcefully try and regulate the price of bitcoins.

Does it's really affect the price?
I mean even though India, Pakistan and many middle east countries has banned Bitcoin, it doesn't make those peoples on that countries can't access to buy and sell Bitcoin.
They can still use P2P marketplaces or DEXs to trade, so there's no difference if they ban or not banning Bitcoin in their countries.

As for @OP no one can controlling Bitcoin because it's decentralized and anyone can hold it. It's doesn't like fiat money where there's single entity can control it (e.g. burn and print the money where the supply is unlimited). Those list you included above is actually a people(s) who only can manipulating the market and can't control the market.

[DannyHamilton]

Only *I* control the price of MY Bitcoins.

I decide what price I'm willing to buy bitcoins at.  If the seller wants more for them, then I simply refuse to buy them.

I decide what price I'm willing to sell bitcoins at.  If the buyer wants them for less, then I simply refuse to sell them.

The same is true of spending and receiving them in exchange for products or services.

If the merchant wants more bitcoins than I'm willing to pay for the product or service that they provide, then I simply refuse to acquire the product or service.

If the consumer wants to spend less bitcoins than I'm willing to accept for a product or service that I provide, then I simply refuse to provide the product or service.

[aysg76]

I don't know if I'm the only one thinking this but I think the media partly controls the price of Bitcoin (just a miniscule percentage). Ever notice that when something big happen, medias will try to milk that event that will result into people (most likely investors that aren't really into the technology) will take action depending on the news.

Media?
Are you serious?
What I have seen is that they just always defame Bitcoin. It's a bubble, too volatile blah blah. So Media hardly matters.

[CODE200]

Demand, supply, and market volume I guess.
There are thoughts wherein some people are assuming that the market price of Bitcoin and other cryptos are being manipulated by whales but I think it is not. Whales having large amount of cryptos in their wallet could temporarily make a change into its value especially when they are transferring their investments but I won't say that's total manipulation since it is not for a long run and will just be observable for a short period of time. Unlikely when there is a high demand in which we do usually see whenever we are in a bullish market which stays for weeks or more than a month. So basically, it is its users who are 'manipulating' the market price but I will put it with an 'indirect' manipulation.

[jasonjm]

The most important thing is the demand and limited supply. Bitcoin Whales are the major contributor to price rallies in the past but now many institutes are also getting involved so from now on I think they can also influence the market.

[Question123]

The big companies who are investing to the bitcoin have control the price because they have ability yo manipulate the price by selling a huge amount of bitcoin cause a big dump and if they decided to buy a huge pump happen. Small investors have effect if a lot of use have things hey do like if many small investors buy it will rise but if they panic the price dump but for me the most is big companies who can manipulating the price.