Do you think someone is in control of bitcoin market?

[Amug123]

The Bitcoin market isn't controlled by a single entity.  Instead it's maintained by a decentralized network of computers around the world, known as Nodes, that works together that verify transactions and secure the network. And the price of Bitcoin is influence by market force, such as demand and supply. And ut can also be affected by so many factors including investors sentiment, global economic conditions and regulatory development.

[albon]

First of all bitcoin is based on blockchain technology which means it is a decentralized ledger that is public. Therefore, there is no central authority that can control bitcoin and it is not controlled by any country government. The rise and fall of bitcoin prices depends on investors. The price of bitcoin is determined by how much sellers are willing to sell it for as little as possible. In addition, the price at which the market is ready to buy and sell bitcoin is determined by the public's attitude towards it. So market behavior is determined by technical fundamental analysis and price patterns, charts, and expectations of good bullish and bad bearish events with large price swings, dumps, pumps, large volume sales, wall buying, wall selling etc.

[Cryptsafe]

This is your second post that I am seeing, which shows you are lacking bitcoin information, and it looks like you do not do thorough research before coming to create a four-line thread of posts, which does not align with your subject matter.

I will advise you to take the time to read through the platform so you can have insight into more articles and materials for consumption and knowledge. I believe it could help you a lot here. Do not be in a hurry, just take it a step at a time, read and learn from reputable members here to gain more knowledge about Bitcoin and this platform.

[Findingnemo]

The working mechanism has nothing to do with the price valuation. Bitcoin runs on PoW but the price of any asset comes from the demand and supply.

So if Bitcoin trades at $95K means there's enough people willing to buy at that price.

And it is not controlled by anyone but manipulated by many, for example Elon, Trump and the unknown names move huge chunks once in a while to dump.

[Z-tight]

Are you asking us this question, or answering it yourself? There is obviously nobody in control of the BTC network, it is a decentralized network and there is no third party in control. However, institutions can manipulate the price of BTC, but not the network, neither can they control BTC, there is no single point of failure in BTC.

[Rruchi man]

And it is not controlled by anyone but manipulated by many, for example Elon, Trump and the unknown names move huge chunks once in a while to dump.

Very influential individuals occupying important positions can influence the market once in a while, but that influence should never be confused for control, because although similar, there is still a huge difference between influence and control.

[SamReomo]

The Bitcoin market isn't controlled by a single entity.  Instead it's maintained by a decentralized network of computers around the world, known as Nodes, that works together that verify transactions and secure the network. And the price of Bitcoin is influence by market force, such as demand and supply.

Yes, Bitcoin's network is fully decentralized and it's not controlled by any single person or a group. The network is maintained by nodes and miners who contribute to the network. Even you can run a Bitcoin node and be part of the network. For that one has to download the whole blockchain and now a days the blockchain is very high in size and that's why one should have high storage in the system.

[Asiska02]

The Bitcoin market isn't controlled by a single entity.  Instead it's maintained by a decentralized network of computers around the world, known as Nodes, that works together that verify transactions and secure the network. And the price of Bitcoin is influence by market force, such as demand and supply. And ut can also be affected by so many factors including investors sentiment, global economic conditions and regulatory development.

You’ve just put up a question that looks like you don’t understand something and asking for a response from the forum members and then the body of your post is you again explaining what bitcoin is and why it is not controlled by anyone. Adding to what you’ve mentioned in your post; if bitcoin was even under the control of someone or some entity, you should by now seen that it won’t make it to this level and would have crumbled already. The decentralization of it is what makes it very much more difficult to be controlled or been dictated by some group or few people. Bitcoin path is very exceptional and that’s what makes it stands out amongst all others till day.

[joniboini]

I second the opinion that says OP should refrain from making new topics like this and focus on reading/learning more about the forum/crypto in general. OP, what you did felt like a common spam that IMO lowers the quality of the discussion on any forum. It will also paint you as a spammer for some people, which is a bad thing if you care about forum ranking. You also need to make sure your topic isn't too generic or has been discussed before you make a new thread. If you find a similar thread but it's quite old, then it's fine to make a new one, not if the previous one is just a week old or so. CMIIW.