Who have the power of driving force to moves bitcoin Price ?

[sky20]

Basically bitcoin price pump or dump it is depend on the buyers buying movement. We know that whales always win in trading in cryptocurrency, its the reality things happened that We cannot deny. I just want to know the fact form you. What is your opinion about it ?

[H2O]

Basically bitcoin price pump or dump it is depend on the buyers buying movement. We know that whales always win in trading in cryptocurrency, its the reality things happened that We cannot deny. I just want to know the fact form you. What is your opinion about it ?

I don't have enough idea and knowledge about trending force of bitcoin price movement but I think it acutely influence by investors, holders and traders. They are responsible for price pumping and dumping.

[MrSpasybo]

Whales are always market proactive because they can control the market thanks to large resources. This happened in 2017 but I think things are different now. We have bigger whales, those are organizations, hedge funds and they buy BTC for the purpose of investing in the long term instead of manipulating the market to make a profit in the short term like normal whales. Cash flow from these organizations makes buying pressure always at a high level, not just temporary. I myself think that the BTC price will not return to the $30K price.

[wxxyrqa]

In 2020, a fairly large capital has already been invested in Bitcoin, which was provided by large companies. Until now, the big whales have very much manipulated the cryptocurrency market, which has not always had a positive effect on the well-being of cryptocurrency users. I very much hope that institutional capital investors and large companies that have bought bitcoin will appreciate the high value of their assets and thus will not give opportunities for big Whales to crash the market to make money for their pockets.

[Pluto25]

Only investors, traders, holders, are the power of moving bitcoin towards the uppped and also power to down motion the market.

[Baroksz]

It is true because prices are greatly influenced by the actions of the whales.  But for bitcoin I think it goes natural because we know that the bitcoin whale is not as big as the Altcoin whale.  So even though there are whales, on the other hand there are also other whales.

[Evgenklm]

I believe the price of bitcoin is primarily formed from supply and demand, the bitcoin exchange rate increases with increasing demand for it, people are ready to buy and buy and the rate is growing , and therefore the rate decreases if the demand falls.

[msz900]

Big investors which are also known as the Big whales in the crypto world are moving the market according to their benefit. Only small investors get the loss as they don't have that much capital in their account and they lose their investment.

[Pitter]

Generally we can say that traders and investor have the driving force to moves bitcoin price. But one thing is important that in crypto currency market wales have the main power to force it. Now there are several organizations already invest in this platform. They have also the power to force it.

[Rubel007]

Form 2020 there are many institutional investor joined in crypto currency and they hold bitcoin. as far i know that 98% bitcoins under 2% people and only 2% used by ordinary people. According to this situations i can say that driving force controlled by those 2% people.

[Churphans]

Only investors, traders, holders, are the power of moving bitcoin towards the uppped and also power to down motion the market.

Of course you are absolutely right because only traders and investors are the best source of moving bitcoin towards upwards  ⬆️ or downward ⬇️

[Callisto]

In any case, the price of any asset depends on capitalization and the injection into neo, bitcoin is no exception, whales trade on the exchange and conduct huge transactions, this affects the price of bitcoin.

[Coin63@]

Actually sometimes cryptocurrencies market depends on Good news and bad news . A few days ago PayPal accepted Bitcoin and jo Biden election good news mostly effected Bitcoin and others cryptocurrencies largely.

[Abubakar56]

Actually from the little research have don and from my observation I think the people that have the ability to pump and dump bitcoin are the trader's and the investors. But I think must people that move the price of bitcoin are the investors in particular which are also called the whales!!!

[Paglamon]

When the bitcoin market grows every time, it grows because of the huge demand. I would say that the price of Bitcoin has risen as a result of investment and buyer demand. The more investors there are, the more popularity there will be. As well as the price of Bitcoin goes up. Because there are many more traders in Bitcoin.