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?
Isn't it obvious? Those who invest, they do it for the profit. The price is low, they buy, the price goes up, they will take their profit. Most of the people don't invest in crypto currencies to use it as a regular currency. They use to for the money they can make. It's like buying gold right now. People aren't buying gold to use it is a medium of exchange, they use it to sell it later. And if you look at the market, you will notice that it has always been like this. Once the price starts going up, eventually the correction phase takes place and the price drops.