You are viewing a single comment's thread from:
RE: Can you guess how much bitcoin "whales" own? Roughly 1/3 or $37.5 bn worth.
@karamyog great research, thanks for pointing out the large amount of bitcoin these whales hold. No one wants feel like their investments can be put in jeaporday for the benefit of a small majority whose power out weighs the larger minority.
Its the sad outcome of when money meets opportunity. People with money seek out opportinity creating these imbalances, its a natural progression of most innovative ideas. Lets hope this doesnt hold down the smaller investor from taking advantage of the opportunity bitcoin presents. Small investors need more patience, patience, and more patience.
I agree with you fully.
Firstly i must acknowledge that i have merely shared the research but hats off to those providing these insights. I dont necessarily think the guys who own large amount of bitcoin are totally wrong. These guys were ready to dive into this innovation way before we did, they should have some benefit of taking the risk early on and for their insight. Collusion and manipulation is totally wrong. If these guys collude to negatively impact the minority then some checks should be put in place to have some sort of balance and there i fully agree with you. I also agree that small guys need to be patient. Once demand for this asset goes up, manipulation will be difficult as large volume buyers will be able to support prices. Vol should also come down and 25% of bitcoin is yet to be mined. So yeah, i cant disagree. Paitence is the key here.