Post
Topic
Board Bitcoin Discussion
Re: Big money bad for bitcoin in the long run
by
Cryptmuster
on 05/02/2023, 09:14:29 UTC

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.

The positions of the whales are too large for anyone to influence them. Even though the supply of bitcoin is constantly decreasing on the exchanges, and this tells us that it is being accumulated on cold wallets, and this is most likely done by the same big players. Unlike the stock market, the cryptocurrency market is still highly manipulated, which is why it is so attractive to whales.