Quote from: kro55 on February 07, 2023, 09:36:20 AM

Quote from: BitDane on February 05, 2023, 11:25:31 PM

Quote from: Woodie on January 25, 2023, 11:36:00 PM

What's the community's take on this?

I do not think huge money flowing in and flowing out of the market is a bad thing. I think it is a normal occurrence in a market. Whales that bring huge amount of money brings demand to the coins making its price spike which by then create interest to most of the bystanders and making them to join the market because they FOMO.

Huge funds leaving the market because whales cash out is also not a bad thing, it gives a window for another batch of bystanders who wanted to join the market at a lower price, which can trigger market recovery and eventually turned into hype.

So having a cycle like this is not bad for the market but instead, it gives life to it.

I think that's a good thing for the market, I simply think that if the market is to develop, the market is bigger, and it needs large capital. If there is no big money flow into the market, it will never be able to develop and grow. Bitcoin is becoming more and more popular, simply because it is invested in it by institutions, large investors, and countries, thereby creating confidence for smaller investors to enter the market. The more large institutions join, the more Bitcoin is built and more trust is created for more people.

This is totally incorrect. Bitcoin is meant to provide liberty from these institutions by enabling an alternative payment network. The involvement of institutions is not good for Bitcoin nor its market in the long term, in fact it adds to bitcoins volatility. It might seem like a more money from big entities entering the market/ecosystem is a good thing, but it isn't...as it is certain that exit value will be multiplied and completely withdrawn at some point in the future. None of these entities are using Bitcoin for its purpose and I am sure all of them are using it to profit, which does not benefit ecosystem members who are using it for its purpose.