Quote from: el kaka22 on Today at 05:23:08 AM

Quote from: KevinRosa on July 09, 2021, 03:44:53 AM

The giant whale, as its name implies, refers to a super huge whale. When this kind of ocean king appears, the sea can always set off huge waves, and one bite can swallow tens of thousands of small fish and shrimps. If in the world of Bitcoin Here, will they have a sense of responsibility for the healthy growth of Bitcoin? And I saw the huge volatility of Bitcoin, their teeth are like sickles, without leaving a drop of blood. I really don't want Bitcoin to be their tool. Will they control more than half or even more of the 21 million Bitcoins?

Bitcoin has always been linked to speculation and speculation. Bitcoin’s hype and currency prices have fallen dramatically. Investors who buy Bitcoin have their property infringed, which may lead to "the transmission of personal risks to social risks." At that time, Bitcoin will be What's it like?

You do not have to worry about controlling half of more because most of the coins that were mined already got stuck with either satoshi himself or people who lost their coins, technically creating a "fake" burn of those bitcoins, it is calculated over 2-3 million by now. That means we are basically already at 10-20% all gone, and there are exchanges, do not forget exchanges and those people do not want bitcoin to be fully gone, but they have a ton of crypto which means they own a lot of the money that can cause their own business to collapse if crypto crashes so they rarely ever sell them, or do sell in bulk to corporations like how Tesla got 1.5 billion, not like Tesla created a binance account and bought it, was off the books type of deal.

So whales can't really own that much, because it would limit their own movement and would make it suck, they can however increase the price a lot, which means owning 10% of all bitcoin when price is 1k means nothing compared to owning 1% of all bitcoins when price is 100k.

Thank you for your patient response. I am worried that it is actually whether Bitcoin can develop healthier. Many giant whales have released a lot of news to guide the trend of market prices. Bitcoin's volatility is very high. This thing does have pros and cons. The disadvantages are The intention to panic in the market is beneficial to allow Bitcoin to keep adjusting its disk and to let unsteady speculators leave the market.