Quote from: Asusnumbaone on Today at 03:15:37 PM

Quote from: Lmaooo on January 25, 2021, 12:47:12 PM

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

Based in my observation the who control the price of the bitcoin are investors, media and etc. boosting popularity of the bitcoin on media it will attract many investors and the demand on it will increase same as the price ot it.

Well, actually, no one has full control of the market price. Investors indeed determines its market value but the simple fact that there is a huge number of its users, basically, there will be no unity in order for the majority to take full control of the market behavior. Whales are having huge amount of cryptos and their actions will reflect to its market price, but for a short period of time. Banks are absolutely has nothing to do with the market value of Bitcoin and other cryptos. To sum it up, Bitcoin's market value moves on its own depending on the majority. And a single individual will have no chance to do so unless he has 50% of the market holdings, which will more likely cause changes but temporary, still.