who controls the bitcoin price?

[In the silence]

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.

Musk's tweets doesn't affect bitcoin because it still depends on people who will trade on bitcoin or any other altcoins like his DogeCoin. It's just there's a lot of people who was affected by the hype of Musk's tweet that's why some of us including me thinks that he's a big deal and in favor of spreading crypto especially bitcoin.

[Kittygalore]

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

That's where your wrong kiddo. Rich people had been controlling the prices of stock market because they want to shorting the stock or taking the long position or whatever serves their purpose. That means that they can do what they are doing in stocks in bitcoin market not to mention that bitcoin is a decentralized platform so a blatant price manipulation is still debatable.

[ukw]

In general, the price of a thing, whether it is a cryptocurrency or not is determined by how much demand and interest there is in it. If no one wants it and is not looking to buy it, its price drops. As here, the supply itself is essential. If the market is oversaturated, the price will also fall.

[ninabobo]

Nobody has full control, yet somebody can control the cost uniquely the individuals who have a major volume of possessions. They could make the cost unexpectedly drop. This large holder is the whales, maybe an organization that needs to exploit the current run. Their control Might influence the cost however for just the present moment. They actually can completely control it.

[Mituletr]

The price  of a bitcoin is determined by supply and demand, there is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable.

[Xinarae*]

Bitcoin's price increases based on its demand in the crypto market. In fact, everyone thinks whales have had an impact on prices whales can't completely control bitcoin even if they lower the price of the currency bitcoin is the regulator of the currencies of all countries bitcoin has no such regulator this currency is not recognized by any government or top bank of any country this is his biggest risk. SEBI is there to watch the noise in the stock market but no one controls bitcoin and since it's not recognized you don't have to go to anyone if your money is lost once the money is gone, there is almost no chance of getting it back.

[Golftech]

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.

In most cases, supply and demand play the big role inside this market. The more
buyers the more chances to grow in value. Lesser the hold  and more sell demands
the cheaper the price to expect.

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.

News affects those who are just riding but for those who understand the market it
won't affect them, knowing that bounce happen after.

[repear7]

As i know, Price of bitcoin controlled by traders (Buyers and sellers).

And demand always a important thing to increase price. When demand of bitcoin increase price also increase. I think, It’s not possible to control btc price for one person/company/agency. Price is dependent on all traders.

[jacobjorden]

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 works similarly to a product. The market in which bitcoin is traded decides its price. To put it another way, the price of bitcoin is dictated by how much someone is willing to pay for it. The market decides the price of bitcoin, just as it does for gold, oil, sugar, grains, and other commodities. The rules of supply and demand apply to Bitcoin, just as they do to every other market.

[Traderbtcc]

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

Just like any cryptocurrency or commodity out there, the price bitcoin is determined by demand and supply, there no two ways about this, if there's little or no demand for it we won't see Bitcoin at the price it is today, during 2017 the price was manipulated by whales who could pump and dump on the few people that were into crypto as at that time, right now bitcoin has gained more popularity(alot people are into it now) there's no way they can manipulate the prices anymore.

[Shasha80]

The price of Bitcoin moves according to supply and demand, but requires large amounts of money for the market to be controlled or manipulated.
Whales who can do it all, usually whales are groups or companies. Therefore if a large company like TESLA buys Bitcoin the price will drastically increase,
vice versa, if there are large companies that sell Bitcoin in large quantities, the market can be dumped. But fortunately the big companies are investing
in Bitcoin for the long term, meaning there is very little chance that a dump will occur any time soon.

[galestorm]

There are many factors which affect bitcoin's price but based on your list I would say that bitcoin whales are one of the major factors that have to do with the flactuation of bitcoin's value. Bitcoin’s value is derived in a similar way as precious metals: Its value is based on scarcity and high demand. Since whales buy in large volumes, the demand for bitcoins increases at a faster rate than the supply, which can drive up the price. Essentially, the price depends on supply and demand.

[Kong Hey Pakboy]

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

That's where you are wrong, with enough money they can buy enough bitcoin to make the market move to their liking, rich people have been doing this kind of thing in the stock market and the only difference with cryptocurrency market is that it is far more volatile than stock market, they are the reason why some stocks that are going down because they manipulate the market but in a subtle way. The price of bitcoin I believe is being controlled by the supply and demand, the supply goes low, the demand goes up, as simple as that.

[nightxglow]

Well, the one who controls bitcoin price is us, the users. It's just like the economy theory about demand and supply. If there are a lot of demands but little supply, then the price will be high because of scarcity. Vice versa, if the demand is little but the supply is high, then the price will be lower.
But still, that's the theory. There might be people who owns a lot of bitcoin and manipulate the market, it's possible. But i don't know who, and i don't know how they do that. I think it's needed too though, so the price can be controlled if it's being a little too uncontrollable.

[fortune1002]

No one is controlling the price of BTC. Price is increasing and decreasing because of buyers and sellers. So there is no any bank or any other thing which is controlling BTC Price.

[sujon5]

Bitcoin is 100% decentralized. Its price isn’t set by anyone in particular. It’s set by the market, by people who want to buy or sell the first crypto. Whales can manipulate the market, but they can't always rule it.

[Negotiation]

No one is controlling the price of bitcoin and could not bitcoin doesn't work as anyone wants its price increases and decreases depending on the market banks will never be able to control bitcoin many are ignorant about crypto and the crypto market is decentralized. As its demand increases so will its price.

[MCobian]

Since Bitcoin is decentralized, of course, no one controls the Bitcoin price, I believe that Bitcoin price moves due to supply and demand.
Therefore, what distinguishes Bitcoin from other currencies is that Bitcoin cannot be controlled, therefore the government has difficulty
regulating Bitcoin. Even some countries joining forces to control Bitcoin will not succeed, this is one of the reasons why I really like Bitcoin is
because Bitcoin can provide freedom to its users, because the government and banks cannot control Bitcoin transactions.

[best123]

Forces of demand and supply controls the market. The higher the demand, the higher the price; the lower the demand, the lower the price. All these happen through us (you, me, institutions, banks etc.). Government factor is also part of it. News, sanctions etc affects the market.

[rosebrand]

Actually no one really controls bitcoin price, the price depends on demand and supply, if there is a high demand then price goes up and when there is a high supply which means selling prices eventually drops so this clearly state that whales who possess very high amount of bitcoin can manipulate prices to a certain point but can't fully control the price movement because they are also much people who are in possession of bitcoin too. So price movement is based on demand and supply, the more people buys the more it pumps.