Re: What cancer is keeping Bitcoin and the crypto market behind
We are the cancer. People control the market, specifically our emotions. The price of bitcoin is in our hands and we are the reason for this drop. If we could all just hodl and not sell, with new money coming onto the market, bitcoin would be worth a lot lot more.
And I thought 50 to 100 entities are holding around 95% of bitcoin and those entities are not newbies. They been around longer than any of us
People dump for certain reasons, maybe for fear of the effect of a current FUD or future FUD. So , I think unnecessary dumping is also a cause for lack of breakout in the market.