If we have less new investors, so the prices tend to fluctuate less? How much dependent of new investors the prices are ?
We need a lot of new investors, and especially small ones because that will give a more natural growth of the market.
We can talk of decentralization even when we talk of the value of a coin. When there are more people who hold the coin than there is a smaller chance that one holder or a group of holders to manipulate the market.