Quote from: darkangel11 on October 07, 2022, 05:11:55 PM

How is it possible to calculate how many bitcoins a single person owns?

I think this isn't totally accurate. 90% is just too much and I don't think even the whales themselves can have so much bitcoin. There are still unmined btc left and also many people are hodling their btc tight. They won't let the whales get them no matter how hard they manipulate this market.

Quote from: tryingtolearn on October 07, 2022, 04:56:15 PM

Price discovery is impossible with the whales controlling 90% of all bitcoins minted. The original intent of bitcoin as a neutral asset disappeared long ago. Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.

Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels. Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.

Indeed. It's hard to predict the value of a coin when someone is manipulating it but like some users said on this thread, whales do have some contributions somehow. It's also possible to survive, I mean we can still be able to profit but only those who can panic are newbies that don't take time to do a research. There are environmentalist who are against btc saying it's not friendly to the environment so the use of renewable energy for btc is being pushed. This is a good thing actually.