who controls the bitcoin price?

[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.

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  

When whales buy large sums of bitcoins the demand increases in the market, consequently increasing bitcoin's price. Other investors see this happening and are contaminated by FOMO instantly.
It means whales create the FOMO athmosphere that *contaminate* further investors. Some people call it market manipulation.

With whales I include the big institutions and companies jumping into bitcoin.

[1715489112]

1715489112

[Koadharber]

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 general, price of bitcoin or any asset should be driven by demand and supply in the perspective of economics. Price will have a lot of factors as well in terms of economical, political, etc aspects. Not because price of Bitcoin is so volatile doesn't mean someone controls it already. With your question, I may say that in 2021, its the INSTITUTIONs. In 2017, it was actually driven by mainly FOMO.

I truly believe that each asset  has its own unique audience especially Bitcoin with its volatility. And this makes investors driven to pursue more and research especially to other cryptocurrencies as well. Once the world sees its real value, I bet it wont be as volatile as it is now, as a trader - take the chance now.

[Momoamzad]

I think if you are asking about controlling price I would like to say about demand and supply policy. Actually no one sepecifically controll the price of bitcoin/ if the demand increase but supply low amount could be raise the price. Also holders are responsible for controlling price. If you hold it will raise if you sell the price would be low . It's simple

[3meek]

I don't think there is one specific answer to your question... It's probably the big market players - exchanges, whales, investment funds... All of them know a lot more than we do...

[isaac_clarke22]

~

It is simply the law of supply and demand, OP.
The volatility is could be because Bitcoin is global, well almost due to bans imposed by some country.
Media, influencers, etc indirectly affects the price that pushes investors to either dump or buy.

[Wesleyeric]

Non of this is a major influence of the affection of the bitcoin price, I will tell you that all this is just depending on the bitcoin as an individual holder, Looks we should understand if a billionaire in dollars comes and buy bitcoin worth of millions of dollars, it will increase the price of bitcoin, I still believe that we are all yet to find out the reason for the price bitcoin that goes high and low.We are yet to get it straight, Let us keep on finding

[Trinx01]

The price of the bitcoin depends on the supply and demand, if you know that term in the economics that is also similar with bitcoin if there would be a lot of people who keeps on buying then the value of the product will increase the same as with bitcoin if there would a lot of people who keeps on buying then the value of bitcoin will increase as well vise versa in the selling of bitcoin.

[Kelvinid]

I don't think there is one specific answer to your question... It's probably the big market players - exchanges, whales, investment funds... All of them know a lot more than we do...

And they are capable enough to manipulate the market. It was the claims before where whales did the pump and pump scenarios, and is still visible this time, so we can still expect this will never have an ending story. But we can't deny that they have an important role in the market and because of these people (manipulators) we are able to see the volatility really working and a gaining tool for everyone
Bitcoin is not a 100% decentralize coin but at least we are not just like those centralized coins that we no longer have a chance to reach $50k, $100k, or even more.

[Sebas.tian]

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

The following are all influence regarding the bitcoin price. But bitcoin whales has the major influence regarding the price of bitcoin. Recently many customers experienced a higher pumping of bitcoin price, that is making some people to asked what is the causing of bitcoin pump?. Supply and demand are the caused of bitcoin pump in the exchange market. When the suppliers are few and demand are much in the market, the price of bitcoin will increase to cause many investors to achieve  much from their Investment.

[yohananaomi]

I think if you are asking about controlling price I would like to say about demand and supply policy. Actually no one sepecifically controll the price of bitcoin/ if the demand increase but supply low amount could be raise the price. Also holders are responsible for controlling price. If you hold it will raise if you sell the price would be low . It's simple

The law of economics clearly works as you have said, if the demand increases and the supply is low, the price will automatically increase, and vice versa. We have to admit that until now bitcoin is moving because of the market mechanism, no one is able to control it and no one can run it. but it can be influenced by the way big players do things with bitcoin, so the price is affected and changes, if the position of bitcoin is strong the effect will not be too big.

bitcoin since last year many have bought from @elonmusk and also wholesalers as well as participating companies, all those who hold bitcoin can influence the price of bitcoin if they play to determine the price, sometimes what is intended may not work because their actions are countered by others, so it's hard to guess.

[adzino]

Honestly, none of the people you have mentioned in the thread has "full control of the price".

1. Bitcoin whales? Yeah, they do have some "influence" in the price, but that's a short term influence. Any actions taken by them affect the market shortly (and recovers back quite quickly).

2. Nope. Banks have nothing to do with the price of bitcoin. At least for now.

3. Wall streets are going to be the last guys over here.

4. Same as wall street.

5. Top crypto exchanges can have some influence in the market if they manipulate the prices. But I doubt any honest exchange does anything like that. Even if they do, it's going to have a long term affect on the market, which people will eventually realize and move away from centralized exchanges.

6. Crypto Influencers can' control the price, but can manipulate it for a short term.

[777Jolami]

Sharks and whales in decentralized markets with bitcoin have a strong ability to dissipate value.  Hunting trips often involve a trend, a previous impetus, possibly a media clog for the rumor .... It has a lot to do with value.  This has actually happened many times and it is no coincidence that it is suspected to be the big cause. Great pressure can cause melting. Lol

[Noctis Connor]

Of course those buyers and sellers of bitcoin when they gonna sell nor dump their bitcoins then you knew what is going on because thats the time that the bitcoin price will going to decrease but an good opportunity for those who wants to buy or invest into crypto and mostly those big exchange sites that has a good people who has a lot of coins that can be a thing. But it will always be in people and the supply and demand of bitcoin. Ofcourse you can see em in the graph when there are movements into it.

[aoluain]

If we take this week as an example when the Futures Contracts are ending, today in particular
the price of Bitcoin is definitely being controlled.

By who? the people and groups who have short sells in for the last Friday of the month.
And they are the ones with a lot of Bitcoin to dump but who benefit the most from the reward.

[gurunanakji777]

In my opinion, this year bitcoin price control is by Institutional investors and bitcoin whales. The major influence on bitcoin has institutional investors regarding the bitcoin price. If we see this year's bitcoin movement so far we notice one of the biggest influencers Elon whenever he talked about Bitcoin "Btc" moves well I would say he also drives the bitcoin market this year now we are witnessing correction phase. On the other hand, I also believe the demand and supply also drive the BTC value to some extent.

[usernameyaya]

I think these are the whales that have the most control over the market, and certainly with the entry of bitcoin into the global market
the other things you mentioned will have a big impact on it.
They do not know the official and recently one of these banks banned bitcoin and we saw its effect on the price of bitcoin.


Also keep in mind that bitcoins will be affected by the global market and the news
 
and in the end I think whales will have the most control over bitcoins.

I think the whales are controlling its price. they need those pump-and dump to escalate the bottom line of bitcoin and maintain the health of bitcoin market. to make space for people to sell/buy it, make the coin transport in the market, thus these whales can get profit

[Wawa2013]

The price of Bitcoin moves according to supply and demand, from the many articles I have read, no one should be able to control the Bitcoin price.
But the fact is that people who own large amounts of Bitcoin can manipulate prices, and what usually has a large amount of Bitcoin are whales.
Because if the whales decide to sell or buy Bitcoin, it must have an effect on the price in the market. And whales can be individuals or companies.

[jjdub7]

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

The price of Bitcoin is determined by consumer demand, the more people are willing to buy, the higher the price. As for the impact on the market, I think the whales have a lot of influence, because if they decide to flood the market with coins and the supply becomes greater than the demand, the price will fall.

[blckhawk]

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

Actually there's no one should control the price of Bitcoin due to the fact that it was decentralized unlike Fiat, however, those persons who own a large portion of Bitcoin which is basically the whales do have a big impact on the market price. Like if they choose to hold their coins, of course, the demand will go up and that would make the price goes up as well, and it will be the same if they choose to sell-off. The next thing I believed that has a major influence on the price is the crypto influencers, remember when Elon mentioned Bitcoin in his Twitter account it surely made hype in the market.

[goldade]

Like many people before me have highlighted, there is absolutely no particular person or group of persons that hold the power or have control over the price of bitcoin and how the market works.
It is not the whales and it's definitely not the banks, neither is it the government. The price is controlled by supply and demand. The closest to control that the whales can have on the market is influence. They can at different times influence the market by creating supply or demand as the case may be. This is called pump-and-dump technique.