Hi here !
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
Bitcoin market is entirely different from altcoin market.Altcoins have small market cap and so it is easily manipulated by big whales.But bitcoin market has big market cap and it has investors world wide.Even the chinese could not manipulate bitcoin price as earlier.So its hard to take control over bitcoin price.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
Agreed but in there own little ways traders then manipulate there investments depending on the timing to when would they sell it and when to buy. Probably there are also traders that invest in altcoins and yave at least a good profit because how trader can make a living. Finding things in low prices and sell it to the highest stockmarket.