Post
Topic
Board Altcoin Discussion
Re: Here’s How Much of Each Major Altcoin Is Owned by Whales
by
waitforme
on 23/11/2019, 14:08:46 UTC
This is one reason why bitcoin or other cryptocurrencies are difficult to become a currency of the future. The majority of btc is held by a small number of people, who are able to decide the fate of the market.
They manipulate most of the market and make money from new market participants. Even those who have been in the market for a long time but have little money still lose. This game is for the strong and the money. It would be great if countries joined in to promote fairness in the crypto market but they have gone behind the whales so they chose to ban bitcoin and the currencies they don't own much. They will find a way to create their own bitcoin to balance the fish.