Post
Topic
Board Bitcoin Discussion
Re: Big money bad for bitcoin in the long run
by
blockman
on 04/02/2023, 03:30:22 UTC
As bitcoin continues on its current bullish path, all kinds of people are trying to ride this wave by buying any cheap coins they can get their hands on as they anticipate the next High to come. But the scary part about this is that Big money is also flowing into the crypto economy that will push price to easily register new highs, but this comes at a price, when these whales decide to take out their money.. markets bleed red which is why Big money is not good if volatility is to be controlled. In the long run Bitcoin is better off without the Big money, otherwise this becomes like a pyramid scheme always leaving the last man standing with empty pockets as the first guy to make a move gets all the accumulated $$$$.

What's the community's take on this?
Whether we like it or not, the market is free, and big and small money can come in and out from it. And that's why if there are huge players coming into the market, the demand rises and they're one of the factors as to why the price of bitcoin goes up.
We're just in the middle of it and just have to adapt the changes whatever they are. It's not actually bad if big money comes in, we all like it and that's inevitable, no matter what happens, there will be new comers that shall take part in the market.