who controls the bitcoin price?

[blue_nexus15]

In my opinion, no one can control the price of bitcoin.  It is not "centralized banking", we are in the opposite space, only the great motivations from the money from the bull run will create the force to make prices fluctuate.  Everything has two sides. 
For the most part, it's the bitcoin appeal that will over time verify.

[best123]

This is a really big question to answer. I think forces of demand and supply is in total control of it. Buyers and sellers are in control; but the real question is: who are these buyers and sellers? We all control the price.

[adamvp]

There  is no such thing  like group which controls bitcoin/cryptocurency prices - it is just the market.
Just look at Tesla and BTC chart comparision in  last days. Do you really think it is under controll of one entity?

[concept2]

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

It is hard to make a precise answer for your answer. But I guess bitcoin whales are ones controlling the price of bitcoin since they have too many bitcoin in their hand. Bitcoin is an anonymous and open source currency, therefore, it is hard to fully manipulate its price, especially when there are too many people owning bitcoin in their house.

There is one more individual that I want to mention: Mr.Elon Musk. His tweets can create both FUD and FOMO not just in the price of bitcoin but the whole cryptocurrency market

[carelessboy]

Bitcoin price depend on how people use and how people interest in bitcoin.day by day people trust and know about bitcoin and bitcoin growth too much. many  big big holder can control the price and new bitcoin investor also effect in bitcoin price. when all world know and use bitcoin bitcoin price never dump.just pump and pump.

[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.

I want to add something.

Big investors are also driving the price up. Analysts of large banks and funds tell Bloomberg that they assume that these investors have already met several times to push the price up. This is legal as long as they don't, for example, spread rumors online that encourage others to buy or sell. That would then also count as fraud with Bitcoins. Coordinated buying and selling are fine with currencies - and as such, Bitcoin is legally treated. That puts the few major investors in a comfortable position. If you drive the price up in a coordinated manner, you will grow your wealth quickly. In the past three months alone, the exchange rate has almost quadrupled against the dollar.

[geegaw]

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.

Indeed, a change between supply and demand will create the value of bitcoin, and wanting to control bitcoin according to the will of an individual is impossible but creating effects, crowd effects are still possible in any investment market and especially in a market without government oversight, big investors that people often call whales can manipulate the mentality of players very easily. The whales will cooperate with each other to make waves in the market, if we fight the waves that whales create, we get swept away, usually, following whales is a good way to make a profit

[mapsfly]

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.

I think he's just super used to them having control over the voters

[Altcoinsintel]

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

These are factors that influence the demand for Bitcoin. They don't have directly impact on price, except from whales, that can collude and create bearish terms for Bitcoin. If I understand hedge funds, they are funds looking for opportunities to short. Some did that with Bitcoin and one time (2018) they were successful, however they probably lost their shirt and pants for the last 10 months shorting.
Crypto influencers are a big joke, they make money shilling shitcoins for advertisement and they are terrible at doing that, being close to be called biased and giving bad investment advice.

[Asusnumbaone]

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

Based in my observation the who control the price of the bitcoin are investors, media and etc. boosting popularity of the bitcoin on media it will attract many investors and the demand on it will increase same as the price ot it.

[Casdinyard]

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

Based in my observation the who control the price of the bitcoin are investors, media and etc. boosting popularity of the bitcoin on media it will attract many investors and the demand on it will increase same as the price ot it.

Well, actually, no one has full control of the market price. Investors indeed determines its market value but the simple fact that there is a huge number of its users, basically, there will be no unity in order for the majority to take full control of the market behavior. Whales are having huge amount of cryptos and their actions will reflect to its market price, but for a short period of time. Banks are absolutely has nothing to do with the market value of Bitcoin and other cryptos. To sum it up, Bitcoin's market value moves on its own depending on the majority. And a single individual will have no chance to do so unless he has 50% of the market holdings, which will more likely cause changes but temporary, still.

[angrynerd88]

Mostly predict that whales but also traders who respond quickly on any rumor, they are the one that can make waves that might send tremors within the showcase. Banks are more of a controller behind the shade, they don't want bitcoin to win but they have to be do it with some sort of tact or without raising the doubt that they are attempting to make it see just like the decentralized advertise could be a terrible thing for the individuals.It can say, everybody who holds a bitcoin is controlling the costs in spite of the fact that it could be a small more undetected.

[qwertyup23]

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

Mostly, the law on supply and demand primarily dictates the value of bitcoin in the market.

Due to the nature of bitcoin having a determined amount in circulation (21 million bitcoins), the price may be dependent upon its supply/demand depending on the circumstance. Given this circumstance, whales, who own majority of the amount of bitcoins, have the potential of manipulating the price to their liking. In addition, you may also include external factors (i.e. government prohibitions, country regulations, etc.) on what drives its value on the market.

When a country accepts/prohibits the circulation of bitcoin, it may indirectly affect its price on the market.

[illete]

In the event that we conversation almost control, it implies that it is controlled by someone,Focusing of controlling a situation and making it like alter at whatever point it needs. I think We all know that bitcoin may be a decentralized, unstable and autonomous cryptocurrency. It doesn't have any individual or bunch behind it in spite of the fact that it is find and made by a single individual. The as it were thing that influence the cost of bitcoin and other alts is since of the showcase. It depends on the financial specialists who affect the law of demand and supply.

[Lewan]

In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.

[Stalker22]

In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.

This latest price movement is mostly the result of increased institutional attention and Musk only greased the wheels further. I don’t think the price was affected so much by his tweets as by the statement that Tesla invested $ 1.5 billion in bitcoin and that they plan to accept it as a means of payment.

[taufik123]

In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.

This latest price movement is mostly the result of increased institutional attention and Musk only greased the wheels further. I don’t think the price was affected so much by his tweets as by the statement that Tesla invested $ 1.5 billion in bitcoin and that they plan to accept it as a means of payment.

Instantly the tweet made by Elon Musk made the price of any coin go up. Elon Musk's first favorite is DOGE. We also already know that after alluding to it on every tweet, DOGE was able to increase by 1000% and that was extraordinary, being able to last up to 1 week later and then continuing to decline. In addition, some time ago Elon Musk with his Tesla Company bought Bitcoin worth $ 1.5 million which was able to make bitcoin reach a new ATH of $ 50k. Elons Musk has an important role in the rise of bitcoin lately, he is very influential because he has a lot of followers and also became the first richest person in the world.
indeed no one can fully control the price of bitcoin, but some of the speculations and fundamentals that are made will provide a good stimulus for the decline and increase in bitcoin prices.

[lalabotax]

As far as I know, demand on the market controls the price of Bitcoin. It may sound like a too classic reason but in theory it is also the most realistic reason. Look, if there is positive news, many people want to buy Bitcoin, then the price of Bitcoin will be increasing. While if there is a negative issue, people are trying to sell their Bitcoin, then the price is decreasing. This means, the demand really influences the price, while the demand is influenced by the news/issues.

[Ryker1]

In general, in my research, bitcoin is not much affected by the statements of people with high money power. Yes, Musk's tweets seemed to have had some impact, but I think he was an exception.

Well, how really sure you are on this?
When Elon Musk's had tweeted about bitcoin it has an effect on the market and then when he was putting on his tweet and said, ^{[Bitcoin is BS currency than fiat]} and perhaps missed interpret by most of his followers and most investors I think that everyone also gets panic that is why bitcoin was experienced a drastic price decrease. In my own, --big investors and the most influential people were most likely controlling the bitcoin price, but it does not mean that they can able to control anything.

[Mr.sprin]

I don't think rich people will control bitcoin. I prove that many rich people are wrong to monitor the market and they lose it proves that rich people and a lot of money can't control bitcoin I conclude bitcoin cannot be controlled, free and independent bitcoin