LUCKMCFLY
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February 28, 2022, 02:22:34 PM |
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No people really control the market, but whales or a group of big traders have the power to dump-pump the price. Sometimes the demand can be created by spreading good or bad issues. If people are influenced by the issues, they may be interested to buy more or prefer to hold their capital, depending on what issue it is. Whales or big traders won't do this all the time, that's why I said no people fully control the crypto market.
Maybe you're right. After all, the crypto market extends far beyond centralized exchanges. Whales and big traders may manipulate centralized exchanges, but they can't manipulate decentralized exchanges and/or atomic swaps (at least not yet). What greatly influences Bitcoin's price is stuff that happens in the mainstream world. Whenever something good related to Bitcoin happens in the real world, prices go up. Otherwise, not. We've entered a period where hype has faded away, leading us to price stagnation across exchanges. This happens all of the time, so it should be the least reason to worry about. What matters is that Bitcoin at its core, remains decentralized. As long as it stays that way, no one will be able to control it. Just my thoughts I agree. Even though bitcoin or the whole cryptocurrency market is decentralised, the big investors can still manipulate the market by making big transactions. The control of BTC is very varied, at one point the bears can control it, I say the bears but it can be 1 person or many people, it is not known, only who can move the market that is approximately with more than $1500M that they can do something, however, the bull whales that have always been in the market, the way they move the market is with movements in short, in short because they always enter buying cheap, a rich man never buys expensive, the true rich buy cheap and if not It's cheap, look for a way to make it cheap, that's why they always wear shorts. Apart from that, the one who controls the market the most are the emotions of the people, it is incredible, but the emotions do everything.
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Marvell1
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February 28, 2022, 04:16:20 PM |
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When it comes to price manipulation, we usually refer to the wealthy. Such is the truth. Every financial market has big player behind it. They can dump at any time and can buy back at low price by spreading FUDs to small investors panic sell. The crypto market is the most susceptible to manipulation because the marketcap is very small compared to the stock. So always be on the lookout for dumping and fake news being spread.
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Vaskiy
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February 28, 2022, 05:31:18 PM |
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It is the Whales at times and common people most of the time. Whales make large volume of transaction and this makes panic among the small scale investors. This panic will make users to sell it out. These days the war is expected to make big changes in the market downwards. But, people using it due to the prevailing situation have increased the investment over bitcoin than selling. So, it is quite hard to find who is controlling the market.
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Abiky
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February 28, 2022, 05:40:12 PM |
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Another thing is that even if one country should ban cryptocurrency, and they happen to be the location where majority of the cryptocurrency mining takes place, the cryptocurrency mining farms would still move their farms and relocate to another country where things would be in favour of them and they wouldn’t have to face any problem with the law by mining cryptocurrency. So, the location doesn’t really matter, it doesn’t matter whether a country has majority of the cryptocurrency miners, no one is actually going to control Bitcoin.
We can see even when China decided to ban Bitcoin from their country, a lot of the Bitcoin miners there decided to move to other countries. We started to see increase in the mining share of other countries such as Russia and the US.
That's the beauty of decentralization and censorship-resistance. If Bitcoin was controlled by a single player, it would've died after the "China ban". Only centralized exchanges can be controlled due to their "high concentration" of power. Whales can manipulate the Bitcoin price all they want, but they won't be able to manipulate the network itself. It really doesn't matter how much a Bitcoin is worth in terms of Fiat as long as it works as intended. People can still use Bitcoin regardless of the price per coin. Always remember that 1 Bitcoin is 1 Bitcoin no matter what. As long as it remains decentralized and censorship-resistant, nothing else matters. Just my opinion
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leverageguy
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July 29, 2022, 08:05:12 AM |
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Your whole trading career is based on the predictions you make. And it’s quite understandable that you won’t be 100% correct with your predictions. And like you, there are so many other people in the market, which makes it quite clear that supply and demand make crytos move.
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Mr.sprin
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July 29, 2022, 09:16:04 AM |
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Those who control the market are those who have large amounts of bitcoin in their wallets, for example, elon musk sells all his bitcoin assets of course bitcoin will go down as well as if elon musk makes news of buying bitcoin and accepting bitcoin as a medium of exchange with tesla of course the price of bitcoin will go up , so I mean if a big whale like Elon plays the market then it will probably happen.
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Jo_Liu
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July 29, 2022, 09:36:46 AM |
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By definition, decentralize means “ to move the control of an organization or government from a single place to several smaller ones. The same goes for the Bitcoin network, except instead of “several smaller places,” the control of the system is delegated to thousands of nodes - people who choose to run the Bitcoin software on their computers. No central authority makes decisions in regards to the Bitcoin network; instead, everyone gets to call the shots. No one owns Bitcoin technology, so there is no hidden mastermind who controls Bitcoin. It is users around the world who control Bitcoin. Anyone is free to develop and improve the bitcoin software. Likewise, anyone is free to choose which version of the software they want to run. However, to make it a usable, network, users must come together and run compatible versions of the software. In the end, a strong network requires everyone to operate within the same rules, and that’s how bitcoin consensus is reached - by the majority vote. These are all its theoritical points according to its characteristics https://xtrading.com/financial-questions/what-characteristics-does-the-bitcoin-system-have/. BUT, IS IT REALLY SO?
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BlockchainMentors
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July 29, 2022, 11:59:18 AM |
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Yes, Investors play an important role in making the market up and down but there are many factors which no one can tell like covid came in 2020 and after that the price of bitcoin rise up and then went down then this Who's doing it all? Can anyone tell? I want to know
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Agbe
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July 29, 2022, 01:07:04 PM |
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From the subject matter and the OP explanation of the topic. I will start with 3 commonly used words and explain them to portray my points. 1. Whale: As it is said time without number. These are bitcoiners who own the highest bitcoins, they are also known as the wealthy ones in the Crypto space. Now these determine the prices of bitcoin/Cryptocurrencies in the ecosystem. They buy a lot and they sell a lot. So that that causes the inflation in market. 2. Bull: The demands of the whales caused the bull Market. 3. Bear: The supply of the bitcoin by the whales caused the bear Market.
Therefore, in any market of the 2-3 are caused by the whales.
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maidenvoyage
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July 29, 2022, 01:09:40 PM |
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Yes, Investors play an important role in making the market up and down but there are many factors which no one can tell like covid came in 2020 and after that the price of bitcoin rise up and then went down then this Who's doing it all? Can anyone tell? I want to know
You want to know "who controls" the course of history.. A very philosophical question. Did Napoleon "control" the outcome of the Napoleonic wars? He surely tried.. but failed. Also in the Bitcoin Market.. Humans try to control everything.. but fail miserably.. most of the time.. Some manage to control niches.. then they become "Bill Gates".. Until he cheated on Melinda and got caught. Puns aside.. no-one controls anything in the BTC Market.. It is a free market, albeit an illiquid one which reflects the fair price between demand and supply for a scarce item like BITCOIN.
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MinoRaiola
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July 29, 2022, 07:33:57 PM |
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A part of the control is taken by the global media. They influence people's opinions and they the market with their actions. We know it as FUD or FOMO and it works temporarily. But I would also say that the demand for Bitcoin is important. More acceptance, the more it is controlled by many people and maybe easier to read.
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AmoreJaz
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July 29, 2022, 10:38:15 PM |
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A part of the control is taken by the global media. They influence people's opinions and they the market with their actions. We know it as FUD or FOMO and it works temporarily. But I would also say that the demand for Bitcoin is important. More acceptance, the more it is controlled by many people and maybe easier to read.
as we simply put it, it is the supply and demand that moves the market. but identifying who are controlling the market? it is like punch in the air. no one can pinpoint who are actually majorly influencing this market. we are just observing who are major players or influencers in this market and yet, we can't tell that they are the ones moving this market.
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n0ne
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July 29, 2022, 11:53:34 PM |
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A part of the control is taken by the global media. They influence people's opinions and they the market with their actions. We know it as FUD or FOMO and it works temporarily. But I would also say that the demand for Bitcoin is important. More acceptance, the more it is controlled by many people and maybe easier to read.
as we simply put it, it is the supply and demand that moves the market. but identifying who are controlling the market? it is like punch in the air. no one can pinpoint who are actually majorly influencing this market. we are just observing who are major players or influencers in this market and yet, we can't tell that they are the ones moving this market. Yes, it is the supply and demand. Apart from that, the positive and negative things happening around relative to cryptocurrency makes its move. At times the involvement of influencers over the market will have some impact. Likewise depending on the time there used to be different parameters that drive the market. It is difficult to define same as how the stock market value grow.
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Abiky
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July 31, 2022, 01:07:41 PM |
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A part of the control is taken by the global media. They influence people's opinions and they the market with their actions. We know it as FUD or FOMO and it works temporarily. But I would also say that the demand for Bitcoin is important. More acceptance, the more it is controlled by many people and maybe easier to read.
The media is usually manipulated by the government, so we shouldn't be surprised to see them spread FUD in order to negatively impact Bitcoin's market price. Depending on their interests, they can either liven up the hype or "destroy" Bitcoin's reputation altogether. The ones who really control the market are whales. Big exchanges and wealthy people are the ones included in this group. Prices either pump or dump depending on where they want Bitcoin's price to go. We can't do anything other than play by their rules. If you play it safe, you'll be able to profit within Bitcoin's ups and downs. Otherwise, you'd become "rekt" in an instant. I wouldn't worry about the price as long as Bitcoin works as intended. Just my thoughts
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MinoRaiola
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July 31, 2022, 04:32:39 PM |
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the global media only spread false news with the aim of destroying the value of bitcoin itself, so I think the people who control the market are the people who own a few bitcoins and even more than . with more demand they can play prices and vice versa if the market is falling they take profits back by buying below
Only fake news is too dramatic, there are certainly many and poorly researched. Yes, that makes many of them incorrect, but with the aim of destroying Bitcoin... not really. People could influence the price, but that shouldn't be little bitcoin with a daily volume of $23,000,000,000. Exchanges be a part of it. The media is usually manipulated by the government, so we shouldn't be surprised to see them spread FUD in order to negatively impact Bitcoin's market price. Depending on their interests, they can either liven up the hype or "destroy" Bitcoin's reputation altogether. The ones who really control the market are whales. Big exchanges and wealthy people are the ones included in this group. Prices either pump or dump depending on where they want Bitcoin's price to go. We can't do anything other than play by their rules.
That is also true, money rules. Those with the most power can control the most.
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Stella Mese
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August 01, 2022, 05:34:09 AM |
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in my opinion, and I am also a beginner.
In my opinion, the things that affect the price of bitcoin are of course various kinds, ranging from the weakening of the world economy and so on. because the weakening of the economy will certainly affect the price of bitcoin, because if the economy is advanced, the price of bitcoin will certainly rise, and if the economy is weak, of course the price of bitcoin will go down, because many people are selling it. and also in my opinion it could be a factor in the decline of bitcoin that was caused by the psychology of many people. a simple example like this. for example there is news and the news tells that there is someone who is going to buy bitcoin and that person is an influential person in the world, then psychologically people will think and they believe that the price of bitcoin will rise and eventually those who see the news will buy bitcoin, and indeed when That's bitcoin the price goes up immediately. and it is caused by the psychology of many people.
and that's some small examples, in my opinion
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landheer
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August 01, 2022, 06:00:57 AM |
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I think that controlling the bitcoin market is of course the bitcoin holders themselves, and bitcoin enthusiasts. because if bitcoin holders sell bitcoins, then the bitcoin price will definitely go down. but if those who hold strong bitcoins don't sell them, then the price of bitcoins will go up because many bitcoin enthusiasts invest in bitcoins and those who hold bitcoins before are strong don't sell them, so the price of bitcoins will go up.
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Lain87Yr
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August 01, 2022, 06:08:33 AM |
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People always say that they are are waiting for the price of Bitcoin go down before they go into the market for trading and at the same time nobody can predict the market.
Not everyone is necessarily "predicting" it, some are just hoping that a drop would happen so they could buy lower. Now is the market been manipulated? Or it all depends on the numbers of investors who invested.
Manipulations happen with markets in general. And while manipulation happens with bitcoin as well, it's not as huge of an effect as most people think; especially that as bitcoin's price rise and changes hands, manipulation gets harder and harder. The more the demand of Bitcoin the more the increase take place.Can anyone predict the market?
Depends what you specifically mean with "predict" in this case. Most bitcoiners think, not necessarily "predict" that bitcoin will be priced a lot higher in the future, though they know they can't predict short-term movements. I have seen information, that most of the trading happens from China by about two huge operators.
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blockman
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August 01, 2022, 06:20:53 AM |
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I think that controlling the bitcoin market is of course the bitcoin holders themselves, and bitcoin enthusiasts. because if bitcoin holders sell bitcoins, then the bitcoin price will definitely go down. but if those who hold strong bitcoins don't sell them, then the price of bitcoins will go up because many bitcoin enthusiasts invest in bitcoins and those who hold bitcoins before are strong don't sell them, so the price of bitcoins will go up.
There's the economics that works for bitcoin and that's how real the market moves. Many will always say that there has to be something to do with the whales and we can't also remove that thought because it really happens. What you've said is the basic law of supply and demand for every market that we've got and it's not just applicable to bitcoin. There goes the usual market places where we see the flocking supply and demand as equal to the market's reaction just like how it goes for bitcoin.
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coinerer
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August 01, 2022, 11:47:58 AM |
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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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