Post
Topic
Board Bitcoin Discussion
Re: The Crypto-Capitalism
by
KingScorpio
on 28/11/2018, 22:41:18 UTC
We are the bears and the bulls, the hodlers and the fodlers, the peasants of the crypto world. We are just not one thing: we are not whales. We are many, but we don't control the market. Whales are few, but they are in full control. So it seems we got our own version of capitalism: the Crypto-Capitalism, where 1% manages the rest of 99%. What do you think?

Whales have less power than you think. If they keep selling, they're no longer whales. If they want to recoup their coins, they create buying pressure on the market.

It's not the 99% vs. the 1%. The market is just the market. Just sit back and enjoy the ride. Smiley

lol you mean the slide down?

its true however the bitcoin whales and the big miner association are in a desperate situation they all hope for the environment to shift towards their favour so they can have a living creating a currency that wastes electricity and doesnt promote the creation and upkeep of schools and hospitals, thats the way it works,and thats the reason why bitcoin will crush down.

regards