Post
Topic
Board Economics
Re: 21.08.2019 $ 250 billion transaction record BTC
by
audaciousbeing
on 29/08/2019, 19:54:30 UTC
if one person owns this amount, he can bring down the entire cryptocurrency market or change everything, for example, exchanging this BTC for ETH, then the BTC will cost $ 200 and ETH $ 10,000. https://bitinfocharts.com/ru/comparison/sentinusd-btc.html#3m



https://radikalno.ru/full/2019/8/24/02bf6acf7c2210be891e9c0bb065ed77-full.jpg.html



"donat eth  0x57119a8879088ae78442533c2e9e6649631004c6  "


When one understands the uniqueness of these figures, you tend to appreciate the importance of decentralization and also why it's important that some wallet are kept locked until the market matures enough to certain level when the flooding of bitcoins into the market won't make any significant difference in the direction the market is heading.

As much as some would maintain that it would be difficult for someone to control the market, its still very much possible because what is needed is a push in a certain direction and every other market participants would fall into line.