Is bitcoin price control by human agents or electronic technology?

[Mpamaegbu]

...often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically

What happens when price falls as a result of withdrawal is just simple panic and that typifies market reaction in the negative. A lot of investors who aren't chart readers take their cue unnecessarily from what they see others do, whether good or bad. So, they find others selling; they also sell. They find others buy, they FOMO and buy  It's a ripple effect that is capable of causing panic selling or frenzy buying. Price will expectedly crash when supply gets higher than demand or rises because demand gets higher than supply. It's a natural market dynamics that fixes price not anyone.

[Yatsan]

Nothing controls the market price other than demand fromd the majority. Well, if some people would point out whales or large investors in particular with 'waves' on the market price, that is just temporary or short manipulation. The continuous movement in the market value depends on the interest and investment actions of people in this industry. What contributes to demand are factors such as news and beliefs such as with patterns or cycles in this industry.

Bitcoin price is form when demand and supply meets,Bitcoin is a digital currency that is perfectly work online as a means of payment and also trading and investment as it applies, Bitcoin does not have a central authority. The bitcoin network is peer-to-peer, without central servers. The network also has no central storage, Bitcoin price is controlled by supply and demand, obviously, it is controlled by the action of people setting up buy demands and sell pressures. Cryptocurrency is not controlled by anyone

The size of the network or chain just determine how huge the community is of a crypto. But other than that, there's no such thing other than demand, which controls or even affects the market price movement of not only Bitcoin but all cryptocurrencies. A domino effect is the pattern which would explain it all as characterized by demand and supply in this industry in general.

[AnonBitCoiner]

Bitcoin is not under the control of anyone and no one can increase and decrease its price but it is effected by the demands of individuals as more people desires to buy bitcoin it will have good impacts of price.

The news also play a significant role in changing the price because if positive news arises more people will buy bitcoin and its price will increase and if news originates in opposite direction then its effects the price differently.

Neither humans nor any technology has control on bitcoin but as we talk about the demand so we can say that indirectly human desires and human demand can have impact on Bitcoin's price.

[ZAINmalik75]

Please am trying to understand how the systems work that's why I need more clarification from you. I watch this cryptocurrency prices going up and down the axis but often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically but is there some kind regulators like human agents or electronic technology who always do the regulatory price actions especially when trading bitcoin? Or is totally program that way? Only your views please.

Because of the decentralization of Bitcoin there is no center authority who control the price and movement of Bitcoin, it's true that some how number of  people(whales) affect the price of Bitcoin due to number of Bitcoin supply they have, because when someone has a large number of Bitcoin and he sell it simultaneously then we can see a dump in Bitcoin and the reason is simple supply and demand formula,
News play also an important role in Bitcoin price because due to bad news like exchange hacking produce negativity in market as results price drop also positive news does opposite to it.

[Silberman]

Please am trying to understand how the systems work that's why I need more clarification from you. I watch this cryptocurrency prices going up and down the axis but often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically but is there some kind regulators like human agents or electronic technology who always do the regulatory price actions especially when trading bitcoin? Or is totally program that way? Only your views please.

Because of the decentralization of Bitcoin there is no center authority who control the price and movement of Bitcoin, it's true that some how number of  people(whales) affect the price of Bitcoin due to number of Bitcoin supply they have, because when someone has a large number of Bitcoin and he sell it simultaneously then we can see a dump in Bitcoin and the reason is simple supply and demand formula,
News play also an important role in Bitcoin price because due to bad news like exchange hacking produce negativity in market as results price drop also positive news does opposite to it.

Even other assets that are not decentralized do not have a central authority which determines their price, humans took a long time but we finally understood the law of supply and demand, and once we did we realized how useless it was to try to do this, one very famous example are price controls, in which governments try to keep the price of food fixed so it is affordable for people during a period of high inflation, but if governments do this then the businesses selling that food will go bankrupt, and then there will be an even lesser supply of that food, which will increase its price on the black market.

[Casdinyard]

Bitcoin is controlled by the public's outlook and faith. The more people that are believing in bitcoin and are cashing in on that belief, the more valuable it becomes. Electronic Technology in the sense that bitcoin has something it could offer technologically that other commodities couldn't could still play a part, but if you're talking about bitcoin's value being bloated and artificially pumped by botters, that is not the case. This isn't to say that bitcoin has a central organization that decides the price, but it's more like a consensus that the general decentralized and democratic public agreed upon over years of service.

[n0ne]

The process is done by the electronic system, but the market is made up of the human beings. Just the system running and none to use it, then it doesn't hold any value. When the demand keeps rising, so will be the increase/decrease in the price. Apart, it is known that the users holding the major volume have got control over the market to some extent. This way the market is with the human beings whereas the technology things were with the electronic system. The electronic technology part gets importance when the number increases tthe technology need to be effective to withstand and here the technology does it. So, combined move seems to be fair for the effective growth.

[Sayeds56]

Please am trying to understand how the systems work that's why I need more clarification from you. I watch this cryptocurrency prices going up and down the axis but often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically but is there some kind regulators like human agents or electronic technology who always do the regulatory price actions especially when trading bitcoin? Or is totally program that way? Only your views please.

In fact prices of all trade-able assets including crypto currencies are primarily determined by basic principle of economics: Supply and demand. In a decentralized market like crypto there is no central authority to regulate or control prices, instead it is determined by collective actions of buyers and seller. However, when it comes to trading crypto currencies, human agents and technologies are involved to execute trades. Human agents, such as traders make buying and selling decisions, while algorithms & bots execute the trades.

[davis196]

Please am trying to understand how the systems work that's why I need more clarification from you. I watch this cryptocurrency prices going up and down the axis but often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically but is there some kind regulators like human agents or electronic technology who always do the regulatory price actions especially when trading bitcoin? Or is totally program that way? Only your views please.

The Bitcoin/crypto prices are estimated by gathering a bunch of buy/sell orders, which are made on the big crypto exchanges. Why is this so hard to understand? The price goes up, when there are too many buy orders and less sell orders and vice versa.
Of course, many traders are using automatic stop loss orders and there are some traders, who are using trading bots. This leads to bigger automation of the trading process, but that's not a big deal. What do you mean by "electronic technology"? This sounds like a boomer term, made up by somebody, who doesn't know how to use a computer.

[Weezenhofnar]

Bitcoin's price is determined by a combination of human agents (traders, investors) and electronic technology (exchanges, algorithms).

[nullama]

The price movements in the cryptocurrency market are complex and influenced by many factors beyond just buying and selling activity. Other factors that can affect the price include media coverage, regulatory changes, and adoption by mainstream institutions. Additionally, there are certain automated trading programs and algorithms that can influence the market as well. It's important to keep in mind that the cryptocurrency market is still relatively new and evolving, so it's difficult to predict how it will continue to develop and what other factors may come into play

While that's true, it usually only affects a small portion. It's basically a short term noise in the price.

The long term trend is usually more interesting, and usually follows the halvenings, and overall increases its scarcity, making it more valuable.