Post
Topic
Board Bitcoin Discussion
Re: Big money bad for bitcoin in the long run
by
teosanru
on 04/02/2023, 18:46:56 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?
No matter how much we curse the big money, but the truth is there is no market without big money. Even stock markets have high volumes of big money in form of FII and other institutional investors, in bitcoin these are generally termed as whales. In bitcoin this is much more controlled by the whales as the market is too cyclic right now but as more and more retail accumulation will kick in things will surely get better somewhat like the stock market only.