The lack of understanding regarding the bitcoin network on this thread makes my brain hurt.
The 2016 bull run made whales both crypto and fiat filthy stinking rich. Not Lambo rich.. private island, political influence rich. The couple hundred people who have whatever 40+% of all circulating bitcoins were able to sell peanuts of their bags and make...more millions.
Early adopters in the btc community were already millionaires with the run to $100 or before. Any idealist who was smart enough to stack btc in the cents, single digit dollars, or CPU mining that didn't cash out at 2-500% profits are your whales. This group of people saw the big picture and now everyone else is along for the ride. They run these markets. Now they've taken profits from 20k down and continue to do so. These whales are intentionally pressuring the price of btc down and accumulating their coins back plus more from investors who only jumped into crypto during the bull run of 2016 just like the one before that and the one before that and the one before that.
You can't stop them but when they are finished splashing along they will have more BTC and fiat than ever before and bitcoin will skyrocket again with no resistance and we'll hear the guy who cuts the lawn talking about how MSNBC says buying Ripple at $22 is a great investment opportunity.
Look at some of the top addresses and see when the last bitcoin moved from those wallets. They haven't. Sure some are lost forever but you'd be a fool to think that's the majority. They're literally controlling the markets using small portions of their crypto assets while some of these high rollers don't even need to touch their btc to have their hand on the wheel using just their BCH and fiat.
Buy bitcoin when you can and whatever you do, don't be on the sidelines with Tether or fiat when this next bull run ensues.
The 2016 bull run made whales both crypto and fiat filthy stinking rich. Not Lambo rich.. private island, political influence rich. The couple hundred people who have whatever 40+% of all circulating bitcoins were able to sell peanuts of their bags and make...more millions.
Early adopters in the btc community were already millionaires with the run to $100 or before. Any idealist who was smart enough to stack btc in the cents, single digit dollars, or CPU mining that didn't cash out at 2-500% profits are your whales. This group of people saw the big picture and now everyone else is along for the ride. They run these markets. Now they've taken profits from 20k down and continue to do so. These whales are intentionally pressuring the price of btc down and accumulating their coins back plus more from investors who only jumped into crypto during the bull run of 2016 just like the one before that and the one before that and the one before that.
You can't stop them but when they are finished splashing along they will have more BTC and fiat than ever before and bitcoin will skyrocket again with no resistance and we'll hear the guy who cuts the lawn talking about how MSNBC says buying Ripple at $22 is a great investment opportunity.
Look at some of the top addresses and see when the last bitcoin moved from those wallets. They haven't. Sure some are lost forever but you'd be a fool to think that's the majority. They're literally controlling the markets using small portions of their crypto assets while some of these high rollers don't even need to touch their btc to have their hand on the wheel using just their BCH and fiat.
Buy bitcoin when you can and whatever you do, don't be on the sidelines with Tether or fiat when this next bull run ensues.