Does bitcoin control the market?

[de_prof]

It is a very long post on the thread but it is still active now. And probably the OP is no longer active here.
But in my opinion, Bitcoin doesn't control the market, but Bitcoin can influence the market. the one who can control the market is the whales 

Can be said like that, the whales can control the market, But It will need big fund. I think demand and supply which controll  the market.  When high demand and limited or less supply, we will see the high price.

[Goblin]

I think that controlling the price movements of all crypto currency including bitcoin depends on the presence of buyers and sellers,if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

You are right that Bitcoin depends on a buyer and a seller. And yes, if it exists, it will be very difficult to control Bitcoin.

[bayiajaib]

I think that controlling the price movements of all crypto currency including bitcoin depends on the presence of buyers and sellers,if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

You are right that Bitcoin depends on a buyer and a seller. And yes, if it exists, it will be very difficult to control Bitcoin.

Yes it is true. That bitcoins depends on buyer and seller. But I also see many people said whales controlled the Bitcoin price.
I think demand and supply are basic factor . No one can control Bitcoin price.

[mahid]

Those who are crypto related they know that how much powerful bitcoin. I believe that bitcoin can control the market. We know that approximate 57% cover by bitcoin in the total market. Other wise when we see that bitcoin price increasing then others coin also increasing.

[ayatoslaw]

Other wise when we see that bitcoin price increasing then others coin also increasing.

In fact, bitcoin is superior to the number of market cap and trading pairs on each exchange,
especially trading pairs, if bitcoin trading pairs are removed I believe bitcoin will not have a large market cap, and altcoins will not follow bitcoin price.
but unfortunately it will be very difficult if there is no bitcoin trading pair, because bitcoin has become the standard trading pair in every exchange.

[Delgboke]

Yes that's what has been the thought of everyone that's in the cryptocurrency that bitcoin actually controls the crypto market there's always atom of truth in it but we should not also forget that bitcoin price is control by demand and supply also despite that bitcoin is more popular due to its first existance assets before all other altcoins started to develop that's what I think.

[Cristiano]

I think that controlling the price movements of all crypto currency including bitcoin depends on the presence of buyers and sellers,if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

[Cristiano]

I think that controlling the price movements of all crypto currency including bitcoin depends on the presence of buyers and sellers,if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

I agree with you.  All coins of cryptocurrency depend on one buyer and one seller.  It will be difficult to control the price of Bitcoin in the future

[Token@]

The situation with Bitcoin is very dire now.  I don't think the cryptocurrency market can control bitcoin.  Bitcoin is already ready to reach their destination.

[Master107]

I think that controlling the price movements of all crypto currency including bitcoin depends on the presence of buyers and sellers,if it doesn't exist it seems like it will be very difficult to control the price of bitcoin.

You are right that Bitcoin depends on a buyer and a seller. And yes, if it exists, it will be very difficult to control Bitcoin.

The market is volatile uptrend now down trend later. Demands is a plus factor why Bitcoin increase and decrease. However in some cases demands is not the basis why Bitcoin pump and dump because there are instances which I think clear that there are a group of traders manipulate the price.

[flyaccount]

It will be possible for Bitcoin to control the market. Moreover, there are so many Bitcoin enthusiasts. So indeed if Bitcoin increases, altcoins will also increase and vice versa. That way, the price of these altcoins refers to Bitcoin.

[sugarchrisp]

When bitcoin begins to pump, it certainly controls the market,but when the cue ball is stable,altcoins are mostly recouped!

[Lenipiw]

I think a lot of coins in the market are affected by bitcoin. Bitcoin has a lot of space in the market. Bitcoin is considered to be the best goal in the market. So I think some control of the market depends on Bitcoin. Naturally, Bitcoin is the best currency.

[Hamida]

Bitcoin was not control the market, bitcoin just be the King in market  others are only follower.

[raisajahan]

Bitcoin has been used in illegal transactions, the large amount of electricity used by miners, price volatility, and thefts from exchanges. Some economists, including several Nobel laureates, have characterized it as a speculative bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin
Bitcoin is traded on multiple exchanges all of which set their own average prices based on the trades being made by the exchanges at a given time.
If you want to buy and sell Bitcoin, you have to choose a particular exchange, which will have its average price. The price of Bitcoin fluctuates at any given moment, depending on which exchange the information comes from.
The Bitcoin market is influenced by many events.In some cases, the price can be driven down by large traders who sell bitcoins off in high volume.