Am just scared if Whales decide to convert Bitcoin to Fiat. Will Tether keep printing more Tether to circulation?.
jes the marketcap and the social support could indeed be illusionary and faked.
people stil think its trustworthy and reliable however,
most traders dont use coinmarketcap anymore btw.
yes its true there is a lot local exchange that not listed on coinmarketcap. So we dont know exactly the capital but for sure marketcap do help us to watch the price and all altcoins. So i believe coinmarketcap still can be trusted.
I think whales will never give up on this market and they think that if they sell Bitcoin and exchange fiat currency, then the crypto market will probably collapse as soon as the whale does it. They only sell Bitcoin when they no longer want to make money with this market
i think whales are invest in crypto for long term and they would not just turn all of their money into fiat like that and i do think if they do it big market crash will happen again.