Is bitcoin price control by human agents or electronic technology?

[borovichok]

Bitcoin is a decentralized asset, so no one can control the price, and no one can control the bitcoin network, it all depends on our supply and demand. But the bitcoin price can still be manipulated in the short term by people with a lot of money, and manipulation occurs in most financial markets, not just bitcoin.

Demand and supply is mostly applied on Bitcoin, it's very special to map out these zones inother to know the direction of the market. When there's presence of strong Buy, it means there's good bullish candles on the chart, whereas witnessing strong supply, it definitely means the market is displaying signs of bearish candles. Bitcoin is generated for the space and it can only be be controlled within the range of it's existence in Blockchain. However top whales like Elon Musk use it for to gain more profits for himself, because only his single trade affects the market, not only him but there are countless whales in the market. The manipulate glitch of bitcoin because of their best interests.

[Adbitco]

Usually the price of bitcoin is being controlled by market forces that results with either low buying pressure or higher buying pressure, and also by low selling pressure or by higher selling pressure. These typically controls the market but most time there are some bad news that may influences the market maybe due to hack of any exchange or company dumped a huge amount of bitcoin into any exchange may also affects the market. While for trading, whenever you want to sells or buy bitcoin and you noticed some certain drops or changes this is a results of Trading robot.

[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.

There is no central authority that says that today the price of bitcoin should be at a certain level and then a few days later they decide to make the price of bitcoin to go up or down, every single one of us has an influence on the price when we sell and when we buy, obviously the whales have way more influence than us, but at the end they are still held to the same standards we have to face, and if they make a mistake then they can lose money as well.

[Forever101]

Bitcoin is totally Decentralized and not under any government, institutions or individual control. Bitcoin price depends on
1) supply and demand within the crypto space
2) Bitcoin halving impact
3) influencers such as the whales
4) change in demand and supply due to social media influencer.
5) adopting Cryptocurrency in countries where they were not accepted or used before.
This are the few things that impact the price to some extent. The impact at times are not too significant.

With all points mentioned above, everything still point to demand and supply of the coin . If in a market , there are 30 bicycle for sale at $2 each, when some one buys 1 bicycle , it increases the price of the remaining bicycle because there are limited numbers of bicycle in the market. If more is bought, the remaing bicycle price will keep growing by a percentage. What happens if people bring more bicycle to that market, the price will start dropping due to availability of bicycles in the market.

In a nutshell, the more coins that's available, the lesser the price becomes, and the fewer the coins in the market the higher the price becomes. This explain reasons why Cryptocurrency market is so volatile. Cryptocurrency is not controlled by anyone

[Lorence.xD]

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.

There is no central authority that says that today the price of bitcoin should be at a certain level and then a few days later they decide to make the price of bitcoin to go up or down, every single one of us has an influence on the price when we sell and when we buy, obviously the whales have way more influence than us, but at the end they are still held to the same standards we have to face, and if they make a mistake then they can lose money as well.

Exactly, that's because Bitcoin is volatile, there's no guarantee when it will pump or dump. The market goes up and down not only from buying and selling, there's always news that for example the economic situation that might affect the market in the cryptocurrency to pump or dump. For sure, whales also one of the reasons that can affect the market price especially most of whales are in group so they act together. If they want to pump the price for sure they'll invest but when they sell the coins value will reduce. That's why most whales have discord or telegram for them to announce they will invest or sell in a certain coin for other people to be aware and be ready to enter the market.

[Lillominato89]

in itself the withdrawal or deposit of the cryptocurrencies does not directly affect the price of the coins or bitcoins but directly affects the traders' sentiment, many look at how many bitcoins enter or leave the exchanges and from there they start with their market strategy, obviously not it is a certain rule, the market sets the price. there are many chained situations that affect the price, for example whales sometimes manage to dump or pump with large capitals

[yazher]

No one controls the price and there's no person capable of turning the price into nothing as well. Therefore, everything you see in the exchanges is just the norm now and when the price will increase and decrease, that's because the liquidity of transactions is flowing and sometimes when there are lots of people that are massing to buy bitcoins the price will increase but no single person can make the price decrease unless he is a multi-billionaire and want to sacrifice all of his wealth just to hoard bitcoins and there is no person who is in his right mind would do that.

[Shailesh kumar]

It depends on buying and selling bitcoin is a decentralized currency, no human controls bitcoin, nor does any government control it, whoever has it in his wallet, controls it, if the selling pressure is high, then bitcoin is strong and the buying pressure is high.  Ho to pump hota hai Well it is true to pump bitcoin but cannot control it, whenever bitcoin is live then its value demand is very big.

[panganib999]

Bitcoin price is ultimately controlled by us who puts faith in what it can do with what it can offer. As of the moment we see it as an asset but it has the givings of a bona fide payment system and currency. I don't know what people will think of bitcoin in the future but one thing's for sure, if bitcoin remains relevant in the future there's a good chance that it's because of the people once again and not bots crunching ones and zeroes. I can't even think of such a scenario being viable to this day.

[Rigon]

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 price of Bitcoin fluctuates based on people's demand. Bitcoin price does not fluctuate with electronics. For example, a news portal that a country will accept Bitcoin spreads to everyone and people see it and start investing. Then everyone will want to invest. For this, the price will gradually increase. People will invest from that high position. At some point the price of Bitcoin will increase a lot. In fact, the price of Bitcoin fluctuates based on people's investment needs. Those who think that the price of Bitcoin can be driven by electronics are completely wrong.

[kryptqnick]

Since the op is asking for personal views, I think that human activity is the central factor to the price dynamics. There are times of stagnation, times of panic selling triggered by some news, and times of optimism and active buying out of FOMO. All of these impact the prices, and the prices are a direct result of the buy and sell orders, and what sort of prices allow filling the orders because people are willing to buy or sell at those prices. Technologies just react to these changes and the prices are constantly updated based on human activities.

[Ucy]

What controls the price is far Greater than what humans can imagine. It's infact beyond human control. But it's possible to reach a consensus on price limits if they are reasonable and won't create more problems for the Network and society. Always remember the deflationary principle while considering your good reasons to put forward. So far, humans or even computers have been unable to put forward something that is reasonable or superior to reasons that currently dominate.
Same applies to Agric, Gold etc... They would be able to "control" the price of Foods or Gold if they want affordable foods for  the masses, or need affordable gold for their industries. But if you want the price of gold to skyrocket and break whatever limit that is set for it, you have to use a reason that is superior/better than the "industrial uses" reason.
Once you have good/better reason your wish may be granted by the ONE who actually controls things. HE could cause demands to increase & supply reduced in the case of Bitcoin.

[cydrix]

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.

No, there is no central authority in charge of regulating the price of bitcoin, and this is the only justification given for calling it a decentralized currency. The demand and supply of investors, much like what we are seeing now that many banks are having problems, is what drives the price of bitcoin. This has led to an increase in price. Additionally, bad news like exchanges collapsing or a government threat against bitcoin or another cryptocurrency causes investors to withdraw their holdings, which lowers the price.

[michellee]

Crypto prices fluctuate due to demand and supply from people who want to profit from crypto so they buy and sell at the price they want.

And even though the price is already high, if there are still people who want to buy it, the price will still increase. And what drives its price is the desire of humans who trade bitcoins for profit.

So no one can control the price of bitcoin, especially since the price of bitcoin is now very high. Maybe it could have been a few years ago when bitcoin prices were so low and altcoins were so low that people with a lot of money could control one exchange.

[lionheart78]

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.

Bitcoin price is controlled by supply and demand, obviously, it is controlled by the action of people setting up buy demands and sell pressures.  It is known that people who wanted to cash out (those who convert Bitcoin to fiat currency) add on the selling pressure making the price of Bitcoin to plummet depending on how huge the sell pressure is.  On the contrary, those who add on the buy demand eat out resistance which makes the price of Bitcoin uptrend.  Though there are cases where the condition of markets is affected by bots, still these bots are set up by people according to their likings.

Regulations are set up by the government but it is only in effect on Bitcoin usage and acceptance. Bitcoin is a free market and there is no regulatory board that controls its market flow.  This is one reason why Bitcoin sometimes is subject to pump and dump when whales decided to either sell their holdings or scoop more Bitcoins for keeping.

[taufik123]

-snip-
In fact, the price of Bitcoin fluctuates based on people's investment needs. Those who think that the price of Bitcoin can be driven by electronics are completely wrong.

Actually, that's not entirely wrong. Bitcoin is also influenced by electrolytic technology although only a few percent.
We should also know that Bitcoin is based on Blockchain technology that is encoded with mathematical algorithms in a globally distributed computer network.
It will also play a role in maintaining the security and integrity of the Bitcoin system electronically.

And for some bots that are used by other people or trading companies, they are just bots that execute based on what has been ordered in it.

And the interaction between supply and demand in the Bitcoin market is the main role that affects the price of Bitcoin.
Some of them are also about government policies, economic events, good and bad news, and global market conditions. 

[summonerrk]

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.

Let's start with the basics - price is when demand meets supply and a deal is made.
That's when the price is formed. It's the same in cryptocurrencies. It is the consent of one person to buy bitcoin at a certain price and the counter desire to sell it that creates the ticker that we see on the chart. It would seem that such a simple mechanism cannot be broken, but there are manipulations of the so-called Walls. This is when a Fictitious volume of supply or demand appears. And this psychologically intimidates people, which is why they do not buy or sell. At the same time, of course, this affects the price.

[Flexystar]

The simple formula is supply and demand mate. That’s the basic formula which gives rise to value. This is applicable to almost everything in this world that’s tradable. For example, we have plenty of iron in earths crust so it’s not rare and that’s why value isn’t much as compared to let’s say gold. We already know gold is rare and finding it is big task however demand is huge. It gives it more value.

In similar fashion, fiat has been around since long while bitcoin is new technological advancement through crypto graphy. Bitcoin that’s why got more attention with the time, it’s rare and limited in supply while demand is high all the time. That’s why it’s getting valued.

[OgNasty]

My opinion is that the daily movement of price is controlled by traders.  They digest the news and then try to trade it daily as if Bitcoin was sensitive to whatever was going on in the news.  Ironically, these traders are the ones that move the price based on this news.  Zoom out a little though and it becomes clear that Bitcoin's halvings scheduled every 4 years dominate control of the price.  Traders get to decide the little daily movements, but every 4 years we see a massive jump, not because traders or news has had an effect, but because of the way Bitcoin is coded to reward miners with block rewards.

[DiMarxist]

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