So, the captitalization of BTC reached 40B $ , this is nice but not huge at all compared to FIAT currencies.
My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?
I'm waiting for your toughts
My question is : with such a "low" amount of money, does the traders have real power over the Bitcoin price ? I always heared about the natural inflation, simply more demand etc... But don't you think that if a lot of early investors with huge amount of BTC could gather and have control over its price ? Or they are simply slave of the system like every one of us ?
I'm waiting for your toughts
I think that (new) people are buying bitcoins and this lowers the chances of others to manipulate the price as it will be harder but not impossible. Early adopters have the ability to manipulate easier the price and the traders yes have the power to increase or decrease the price, I have seen many traders or a group of traders how bump or pump the price in altcoins exchanges with hundreds of bitcoins which worth a lot.