who controls the bitcoin price?

[Iron Fist]

Bitcoin price is not controlled by anyone. The only institution that can control the prices of Bitcoin and other cryptos is the market. The only entity who can determine the value of Bitcoin are the investors themselves, hence the price is determined solely by the demand for it by the buyers.

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[In the silence]

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

Bitcoin is so volatile, you can't even predict on what will happened from time to time. The Price Bitcoin varies on buy and sell of anyone depending on how big they trade/buy/sell on a certain platform. Although whales were the biggest bitcoin holders but it doesn't mean they can control the whole circulation of it unless they will plan to sell or buy bitcoin for a huge amount which is unlikely referred as a pipe dream.

[doctor877]

No one has a control over Bitcoin price, price will always vary base on the buyers and sellers, how much tokens is in circulation. It's possible that some people hold large tokens than others but that dosent make them to be able to control the price. AS more people buy in at higher price, the price will go up. That's just the simple logic.

[Issa56]

There are lots of thing's which can contribute to bitcoin pump which includes the investors which are also called the whales, the trader's those once also contribute to bitcoin price pump but the must people I think the contribute to bitcoin price pump are the investors. Bitcoin pump due to more investor's investing in bitcoin more companies more organization adopting bitcoin, I believe that's just the main people that pump bitcoin.

[Pattiefll]

I only recently learned about Bitcoin,I also want to know this knowledge, let's learn it.

[Wipeout2097]

It can be Big whales But i think most influencers can be Bitcoin cost is controlled by buyers and venders, whales are portion of the buyers and venders that creates at that point be one of the individuals that control bitcoin cost. But nothing controlling the cost that individuals that buy and offer it, it isn't controlled by government ms or banks, it has no central control controlling it. On the off chance that more bitcoin is brought the cost increment and will diminish in case more individuals offer than purchase.

[MinoRaiola]

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 there is a sharp decline in the share price, the news "whale sells xxx bitcoin" comes shortly afterwards, or in the event of a sharp rise you often hear "companies or institutional investors have bought xxx bitcoin". the two groups will have a certain power, but I strongly suspect that the exchanges / stock markets have greater power. similar to eibe bank in real life. If you look at the btc wallets, you can see the size of stocks on many exchanges. an interplay between i. and v. and maybe also iv.

[panganib999]

It can be Big whales But i think most influencers can be Bitcoin cost is controlled by buyers and venders, whales are portion of the buyers and venders that creates at that point be one of the individuals that control bitcoin cost. But nothing controlling the cost that individuals that buy and offer it, it isn't controlled by government ms or banks, it has no central control controlling it. On the off chance that more bitcoin is brought the cost increment and will diminish in case more individuals offer than purchase.

Actually if you say control, it means that it is manipulated by someone or something right? Like in purpose of controlling a scenario and making it like change whenever it wants. I think the answer is none. We all know that bitcoin is a decentralized, volatile and independent cryptocurrency. It doesn't have any person or group behind it though it is discover and created by a single person. The only thing that affect the price of bitcoin and other alts is because of the market. It depends on the investors who buy and sell some supply of it. And one of the thing that I agree is that also because of large whales or bulk buying or even selling. Bitcoin stands alone but pricr depends on people ask price or bid price in the market.

[Bitstar_coin]

I know demand and scarcity plays some important role but I think btc price has a central point of control like the whales and wall street perhaps,
If price is truly controlled by demand and scarcity then why do we experience dump or bear season, does that mean people don't demand btc anymore or btc is no longer scarce?

[Rasel5209]

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 every people control bitcoin price that buying bitcoin or sell bitcoin. You think if every person stop buy or sell bitcoin. Bitcoin price still in this point. If every people stop buy bitcoin seller need to sell then market fall down in land. If this chart reverse bitcoin price jump on sky. So i tell bitcoin price control every person who invest her money on bitcoin.

[KryptoKings]

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 out of all these, Bitcoin whales are the one controlling the price. They can dump the price any time by starting to sell their holdings and sending panic signals to market.
And I include crypto exchanges too in whale category. They too manipulate the price to their interest.

[oktana]

Number ii is so so not a valid option. Lol. The market controls the price of Bitcoin. And the market is not a person; it's a people. These people are buyers and sellers. But then, an option like 'Whales' can influence Bitcoin price. If a whale dumps, the market will feel it and then the price is affected.

[MWesterweele]

I know demand and scarcity plays some important role but I think btc price has a central point of control like the whales and wall street perhaps,
If price is truly controlled by demand and scarcity then why do we experience dump or bear season, does that mean people don't demand btc anymore or btc is no longer scarce?

Whales and wall street do plays a vital role when it comes to the bitcoin price movements and in fact people or community of bitcoin who believes in it, patronizing it, investing and trading it are one of the reason why bitcoin price are sometimes on ceiling and sometimes on floor kind of price. At the end of the day this bitcoin market value wouldn't move on its own if there were no people using it right.

[TribalBob]

basic theory of supply and demand. will always follow any form of market, whether it is traditional or online,
more and more are storing bitcoins in their wallets and many will buy bitcoin, the price of bitcoin will go up, especially bitcoin stock is already limited,
  the more demand, the higher the selling price of a product

and in my opinion who controls bitcoin is "myself and the price" where I know whether I want to sell or hold my Bitcoin

[DarkDays]

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 is all of them. The mix of all of them together dictate the buying/selling pressure we see on the markets. The extend of each is of course different as each have a different influence level on the market but they do influence the prices nonetheless. It is not so much in the hands of the small investors, no. The strings are pulled by larger bodies with great stake in the market. One of their move can send the market in either direction.

[yhiaali3]

For me, I think that the demand is the biggest factor that controls the price of bitcoin, the increasing popularity of bitcoin and the understanding of people and major companies of the importance of bitcoin makes the demand for bitcoin increase and thus its price increases.
Also, the news has a great impact, whether negative or positive. We saw this clearly recently, when Tesla bought large quantities of bitcoin, and the price of bitcoin rose dramatically, and in contrast two days ago, when the US Treasury Secretary made bad statements, the bitcoin price dropped dramatically.

[uneng]

No one can fully control bitcoin, but of course those who most influence the price are the whales, because they lead the fomo and panic waves on the market by selling or buying large bunches of coins at once. However on long run I believe no one can influence bitcoin price down, even the whales don't have this power as it would be very risky for to try dumping the market and missing their seats in bitcoin train to other potential investors.

[shoreno]

No one can fully control bitcoin, but of course those who most influence the price are the whales, because they lead the fomo and panic waves on the market by selling or buying large bunches of coins at once. However on long run I believe no one can influence bitcoin price down, even the whales don't have this power as it would be very risky for to try dumping the market and missing their seats in bitcoin train to other potential investors.

whales do lead or do fomo ? i dont think so because whales are big and they arent afraid to get missed out on the buy or sell but whales are just chilling and they have thier own different world or time when they buy or sell and they can fully control bitcoin if they wanted too because as i said earlier they are big  or powerful enough  .

 as of now there are other big influencers that take a part of controlling the price of btc not just the whales  . this could be the reason why the price seems to move in a confused manner  

[Matimtim]

Bitcoin price controlled by all bitcoin users because the many people who use it the highest chances that Bitcoin price will rise, because according to the law of supply and demand if there are many people who are willing to use and buy that certain products the price of that product will rise.

Bitcoin users has the primary responsibility about bitcoin price concern.

[Lorence.xD]

Bitcoin users is the primary responsibility about bitcoin price concern.

Bitcoin users will be overwhelmed someday by whales who own a lot of bitcoin but I have to agree with you right now that bitcoin market is controlled by users. This is just a basic of supply and demand, the demand(price) is high because the supply is getting lower because users are hodling their bitcoin.