Quote from: BlackFor3st on October 13, 2019, 01:47:14 AM

Quote from: tiedcoin on June 09, 2019, 02:24:51 PM

Understand who controls the market you are investing or trading in, and youll have an advantage. Bitcoin is a free and open source market. Nobody owns it.

But does anyone control it?

Ask yourself this

How are Bitcoins created?

Who is incentivised to create Bitcoin?

Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.

Yes it's a free space, open source market and nobody owns it but for me someone is controlling it like the big exchanges and the big whales out there.

Once the big whales will start it's move, the price will skyrocket in just days or months then bull run will follow as the small investors will follow the flow also. So this is how I saw the market especially the bitcoin being controlled by influential people.

This is part of Bitcoin being a free market. Everyone has the opportunity to buy the amount he wants. As a result, there are already a few influential Bitcoin whales as compared to a market which is not monopolized by a few traders and investors. But since Bitcoin is open for all, no restrictions, no owners except those who bought it, no regulations from within, no limit, and no anything, we can say that the rich will be expected to dominate.

That is the disadvantage of a free market, the rich few can exploit.