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    Author Topic: What to do with whales?  (Read 772 times)
    zasad@
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    October 13, 2021, 04:00:15 PM
     #41

    40% of all Bitcoins are owned by just 1000 individuals.

    This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.

    This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.

    Is there any way to deal with the high degree of centralisation that Bitcoin has?
    Whales do not need to give up Bitcoin, because they have not yet come up with an easier and more legal scheme to take money from hamsters.
    You should try to learn to analyze the markets and not trade with leverage, because this is the most common way to lose your coins.

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