qiwoman2
Legendary
Offline
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
|
|
April 23, 2018, 04:48:48 AM |
|
Bitcoin isn't controlled by any government entity or bank, so price speculation, pumping and dumping will be a fond characteristic of Bitcoin. Of course it's a consortium of big whales that mainly control the price as they always go together to dump Bitcoin for Tether and they always do it en mass. I don't think the price of Bitcoin will ever get too stable, unless there is so much mass adoption and more and more people own it. As only a handful of people own the biggest amount of Bitcoin, they have the power in their hands to pump and dump, unlike governments that usually print more money or do trade wars and embargoes, to keep their currencies afloat.
|