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Author Topic: Do not be too happy  (Read 1032 times)
bryant.coleman
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January 28, 2021, 07:49:55 AM
 #101

Can't agree with this claim. The price of a decentralized asset can't be controlled by a handful of players. There are more than 18 million coins floating around and in order to manipulate the price, these guys need to accumulate at least 30%-40% of the circulating supply. And if they try anything like that, then the prices will end up at six digits (or much beyond that).
It is true that these people and big companies can not control this market alone, but let's look at the past.
When it comes to high profits or big money, such people and big companies work together even if they are on several different continents.
These policies will never change, and Bitcoin is one of them, and there may be many other things in our lives that we are not aware of.

In order to manipulate the prices, these companies first need to create scarcity in the market so that they can push the prices upward. After that they will try to sell their assets at peak prices. Now this is going to be beneficial for the individual investors as well. All that we need to do, is to sell our coins at the right time. This is not applicable to those who want to HODL for 10 or 20 years, but for those who are not averse to profit booking at regular intervals.
imstillthebest
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January 28, 2021, 11:14:25 AM
Last edit: January 28, 2021, 11:40:37 AM by imstillthebest
 #102

That is truly an informative subject. I always thought about that this big companies can only follow what the current trend is but thinking about it right now, its possible for them to set a bar low enough for other people to stop learning about Cryptocurrencies which is not a great thing because we are trying to promote Cryptocurrencies and having them scared of purchasing Cryptos is not a good idea.

no .

learning doesnt stop there when the value of cryptos were dumped but what effects it can contribute to you is you may not feel purchasing the coin however you can also feel good when you see that coins price is dropping because you can finally buy them at your desired price  .

we are trying to promote crypto for good and to attract individuals but our efforts are going on waste if there are bastards that are doing the opposite of what we are doing .
Jemzx00
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January 28, 2021, 12:50:59 PM
 #103

Do not be too happy that big and giant companies are entering the field…
Because they set the price up and down whenever they want…
You should be happy when ordinary people invest more than big companies.
In simpler terms, it is much better if bitcoin or anything else that exists is distributed all over the world and reaches individuals and companies equally, or, as the saying goes, does not accumulate together.
Wherever governments or large corporations stand, they are sure to determine everything.
Successful and healthy  Wink
It is only fun at the beginning but after awhile most of us would also realize it that those giant companies are trying to control it.
We might be happy for the price because of the huge pump that we got when they enter but what happens when they decided to leave?
I think most of us would really be scared due to the fact that it would make the price collapse.
Yes, it might be fun at the beginning as the price pump that these companies made after investing on bitcoin but it might ruin the market soon enough as these companies will surely here to make profit. The time that they decided to pull out, the massive investment they made will sure made a massive impact after leaving.

On the other hand, with these companies investing on bitcoin we can see a massive adoption on the market if these continues and the fear that we have if ones company decided to pull out might be reduced as it just be bought by other companies instead. Also, there are huge whales that haven't sold their bitcoins that has been on the crypto ever since it started which can avoid the massive dump if these companies leave.

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