Who is really controlling the Bitcoin market.

[Newlifebtc]

Some people think that cryptocurrency market is being controlled by some body but i noticed that Bitcoin itself have no control because the coin is a decentralized currency and nobody can control the market except the market regulate itself. I don't know why market of cryptocurrencies is not dependable but people who don't know about cryptocurrency do think that the market is control and monitored somewhere

[lucates]

The more the demand of Bitcoin the more the increase take place.Can anyone predict the market?
Because people are waiting for the decrease in price and are they predicting the market or not?
I don't think have a better understandingn on how Bitcoins

Unfortunately, the concept of predicting is just a hypothesis based on what they analyze from market behavior. nothing is 100% correct. Therefore, if in the end there will be no one who is really right in predicting, we only need to check prices in the futures market. When the limitations of predictions make it difficult for you to know when the market is in a big correction, then wait that there will always be news to inform it all.

In every market speculation or peoples choice that affects demand and supply, of course. But speculation is from different matters like FUD, market analysis, peoples attitude etc. So we can't assume there is only one or two factors controlling the market is all are interconnected.

[darkangel11]

Not only bitcoin, whole crypto market are controlling by traders. There are many big traders and teams of traders in the market who can increase and decrease the price of a coin at will.  Because they trades millions of dollars once. And we invest by looking at market hype and market condition which helps them to meet their target.

I wouldn't be so sure. It's actually whales that control the market. Traders can play around with short and long squeezes but real moves are made by big players. Like when Luna collapsed and sold all their bitcoins we crashed through the floor. Traders can only influence the market a bit because once they are out, they are out. They can start a 5% move up or down but the whales decide if this will put us in a bull market again.

[Imran232]

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As expected, people have some confusion that only whales can control the market, but I have some other thoughts regarding this. I believe those people who are whales have just become whales by grabbing a huge portion of bitcoin, but remember how much coin they are holding. They are also not going to sell their coin at a loss. So they also want profit, and they will get profit when the market goes up. So they play a different game to make a profit in a short time, which is that they know they have a social media platform that they use to create buzz, so they start to react, and when we react, we just start to drop the price, and then we just give again to enter into the market. And after some time, they again gave positive news. The price will go up again and they will be in profit again. And they will continue their games again and again. That's my opinion; others might be different. Thank you.
 

[Flamous]

The market being decentralised the answer to this is both everybody and no one at the same time. There is no authority that governs the crypto market which means all those who have invested in the market actually control the market.

[dlightag]

Bitcoin price actually control by number of holders as in market normal have demand and supply, when the supply is greater than demand, market will be experiencing Red candle, which we normally called bear market as the case maybe.

[poldanmig]

Bitcoin price actually control by number of holders as in market normal have demand and supply, when the supply is greater than demand, market will be experiencing Red candle, which we normally called bear market as the case maybe.

Bitcoin price movements are closely related to the prevailing economic law, namely when a lot of money goes into bitcoin, it will automatically push the bitcoin price up, and vice versa, when many people throw away bitcoin, the bitcoin price will automatically decrease drastically, so far it has been difficult for both the pope and the government to control the price of bitcoin in the market but according to a research whale can move the price of bitcoin around 1% using around $93 million of money.

[harapan]

I personally don’t think there’s an individual or group of people that is controlling the bitcoin market. I think there are lots of invisible forces controlling the bitcoin market. Firstly, the rule of demand and supply is always at okay with commodities and with bitcoin, it isn’t any different. The rule of supply and demand obviously controls and affects bitcoin worldwide.
No single individual controls the bitcoin market. The creator of bitcoin made sure of that.

[Cryptodebjoe]

Not only bitcoin, whole crypto market are controlling by traders. There are many big traders and teams of traders in the market who can increase and decrease the price of a coin at will.  Because they trades millions of dollars once. And we invest by looking at market hype and market condition which helps them to meet their target.
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Well traders hardly influence or control the value of btc because of their short term profit mentality i could only agree that some whales can have a huge part to play in the btc market

[Alfredo_jsc]

In my own understanding, through its decentralized nature the answer is nobody and everybody at the same time,there is no authority that makes or control the market.crypto currencies are not controlled by any government or other central authority, they are managed by peer to peer networks of computers running free, open source software. generally anyone who wants to participate is able to do so, most of the trading that goes on in the world today are not regulated by any federal authority, that is my own opinion and I stand a chance to be corrected if am wrong about it.

[dataispower]

Bitcoin price actually control by number of holders as in market normal have demand and supply, when the supply is greater than demand, market will be experiencing Red candle, which we normally called bear market as the case maybe.

The shortest way to explain the control of Bitcoin or control of cryptocurrency is based on the ability of the length of the demand and the supply involve in a particular month or a particular year in cryptocurrency, because it is noticeable but when investors of cryptocurrency arrive in the market with enough forms is increase the demand of Bitcoin in the market so they are for I believe that the control of cryptocurrency is the nature of price in the market so nobody control and they regulate the price of Bitcoin

[Abiky]

I wouldn't be so sure. It's actually whales that control the market. Traders can play around with short and long squeezes but real moves are made by big players. Like when Luna collapsed and sold all their bitcoins we crashed through the floor. Traders can only influence the market a bit because once they are out, they are out. They can start a 5% move up or down but the whales decide if this will put us in a bull market again.

Whales controlling the market has always been a problem ever since Bitcoin began trading across exchanges. These big players can manipulate prices for their own benefit, while leaving the "little guy" behind in the dust. They have the power to make a cryptocurrency a big hit or a huge failure. Money talks, so expect the unexpected. What matters is not the price of a Bitcoin, but rather its usefulness. Despite the huge decline in BTC's price, it's still useful as a decentralized cryptocurrency anyone can use without limitations.

BTC is better than Fiat because no one can confiscate and/or freeze your money at will (except if you leave coins at an exchange or a centralized wallet provider). Fiat will continue to inflate, while BTC will remain deflationary with a predictable supply of 21 million coins. The market can be controlled by anyone, but not the network itself. As long as the core Blockchain protocol remains uncontrollable (decentralized), we should have nothing to worry about. Just my opinion

[@Ayatulla]

Now bitcoin price is 23000 I think within 3 months price of bitcoin will go up a lot. Many traders have benefited from the drop in bitcoin price. But no one could have imagined that bitcoin price will drop so much. Bitcoin price is increasing slowly. It seems that this price will increase more than before

[bitzizzix]

Only big whales can control bitcoin they have a lot of bitcoin assets in their wallet imagine if they sold their bitcoins at once would bitcoin survive? of course the price of bitcoin will go down so I believe that only big whales can control bitcoin.

Yes it might be true if the whales could control the bitcoin market. Because every time they enter and exit there is always an unusual price movement. That is impossible for small investors who only have a small part of the circulating supply. But that doesn't mean they (the whales) can control the market completely. So there are other factors that determine the market move.

There is no single entity that controls the price of bitcoin, and there are many factors that influence it as mentioned in other responses. The price of bitcoin is whatever people are willing to pay for it.
however whales have long had a significant influence on the market, pulling price trends with them and they tend to have an influence on market sentiment, subtle signals to retail investors when to buy and sell.

[posi]

I personally don’t think there’s an individual or group of people that is controlling the bitcoin market. I think there are lots of invisible forces controlling the bitcoin market. Firstly, the rule of demand and supply is always at okay with commodities and with bitcoin, it isn’t any different. The rule of supply and demand obviously controls and affects bitcoin worldwide.
No single individual controls the bitcoin market. The creator of bitcoin made sure of that.

That only happens with the small market, and with the larger market, no individual or group can control the market. The market will be dominated and controlled by thousands of different whales and sharks in the market. There will always be long teams, short teams trying to manipulate the price, that's why the market always has unpredictable fluctuations. But often these manipulations can only be done in a short time, the market still mainly follows supply and demand in the long term.