The BTC market is uncontrollable Now

[Octoalts]

Those who are big investors in Bitcoin they can say when the price of bitcoin will rise or fall. Because we know that 98% of Bitcoin is in the hands of some people and the remaining 2% is in the hands of ordinary investors. In that case it can be said that Bitcoin is in the hands of whales.

Those who have large amounts of Bitcoin can indeed control the price of Bitcoin, so they can easily benefit from the ups and downs of Bitcoin prices. They are often referred to as whales whose actions are greatly feared by small traders and investors in Bitcoin. And this uncontrolled Bitcoin price is actually one effect of what they (the Bitcoin whales) are doing.

[krypto4uvak]

I would not rush to discard whales, because they can wait for the moment when they can sell and then the price of bitcoin may fall, but now it will not fall so much.

[Criminal]

The Bitcoin market has never been controlled by anyone. However, it is now common to comment on the value of bitcoins because such a rare event has never happened before in the history of bitcoin..Who do you think could contribute to the rise in the value of bitcoins?I think investors have brought Bitcoin to this stage.

[Tnoy30]

Bitcoin market is currently not under the control of any country or nation. Bitcoin is constantly gaining more and more popularity in business. So Bitcoin's users are scattered all over the world. Bitcoin's importance is growing worldwide. Bitcoin will become more popular in the next world. Will be used as one of the means of transaction. Which will never be under human control.

[satpol_PP]

The Bitcoin market has never been controlled by anyone. However, it is now common to comment on the value of bitcoins because such a rare event has never happened before in the history of bitcoin..Who do you think could contribute to the rise in the value of bitcoins?I think investors have brought Bitcoin to this stage.

Yes, I see. Bitcoin can be controlled by anyone. I think just demand and supply will effect bitcoin. That's right, for now many investors have invested bitcoin , so I believe bitcoin price will rise again..

[Muneeb22]

BTC market not go high so much it just touches the 61,000$ high and i hope still in future it go high more becasue the market is still down and it give us good profit in future more if we buy the coin and hold that.

[Malam90]

Was Bitcoin market controllable in the past?
Bitcoin by nature isn't controllable by any person as it has no central authority to control. But market sometimes depend on Whales's movements. They spread rumor to take facilities. Besides this, ups and downs is the normal process. Some whales or big traders take this facilities of ups and downs movements.

[damsix]

Bitcoin since it was first created is also uncontrollable and very difficult to control.
I tried to find all of this information from online media sources and they all said that Bitcoin was really difficult to control.
Better that we paddle together to see the movement of Bitcoin and enjoy it rather than we have to fight the flow of Bitcoin because it will end up in vain.

[jhm]

Mmm, I respect the opinions. Of known people, including exchanges, a figure of potentially 10 to 15% of all Bitcoin is owned. Certain entities remain a certain influence, even though decentralised, partly centralised. Tricky perspective

[wxxyrqa]

Mmm, I respect the opinions. Of known people, including exchanges, a figure of potentially 10 to 15% of all Bitcoin is owned. Certain entities remain a certain influence, even though decentralised, partly centralised. Tricky perspective

undoubtedly you are really right, because at any time the big whales have influenced the cryptocurrency market, which today are the same big investors who bought Bitcoin for millions or billions of dollars. If they want to manipulate the market, they can do it with great ease thanks to the large volumes of bitcoins.

[Bit]

Since when can the crypto market, especially Bitcoin be controlled? As far as I know, the price is very dependent on the market, we cannot control it and the Bitcoin price will always be volatile with high fluctuations. If we are careless or not right then we will lose.

[sampoerna]

I guess now people not really care if the market is controlled by the whales or not. As long as they can make big profits from investing in Bitcoin, people will always participate in Bitcoin investment. The bitcoin market is already matured enough about the whale's issue, so people are not very influenced about the whale's issue right now. People believe the crypto market commonly controlled by supply-demand.

[Ghozrd]

Nobody controls the market or the price of Bitcoin, if a number of orders are at the highest price then someone who needs Bitcoin will buy it immediately, then that person holds it and waits for the price to rise, it keeps happening because of the increase in the level of use and demand for Bitcoin always there

[Power420]

The market is now out of reach due to the massive improvement of the current Bitcoin.  Because those who bought and deposited tokens or held Bitcoin are now hoping to get huge benefits.  So now I think controlling Bitcoin is becoming very risky.

[Tunir Baap]

I think the cryptocurrency market is always out of everyone's control. Especially the bitcoin market may not be controlled by anyone. However, some amount of control may be in the hands of investors. This is because the value of bitcoins increases when investors invest in bitcoin platforms. Again, when the amount of investment decreases, the value of bitcoin decreases a lot.