Just check the top 100 chart, big guys are constantly increase their holding, regardless of price
That's not a good thing if it's true.
explain
Do you want greater distribution of btc, or less people holding more coins? A few people already own most of the btc, so if his claim is true, the distribution of btc is getting more lopsided than it already is.
I want less. If the majority of the coins are locked away in someones digital vault then the price will be higher than if everyone had a more or less even share.
There will never be a communistic distribution of money in a free market. Someone will always have more, be better than others at making money. And that's how it should be. All according to plan most likely.
Greater distribution of btc to a bigger userbase is what I was referring to. Something that is mostly locked away in a few people's vaults is not money. Money is used to exchange goods and services. BTC is not money. I'd describe it as money-like virtual commodity.
small investors buy coins when the price is rising, big investors buy them when the price is falling.
this huge downswing is nothing but a sheep-raping for 10 months - the distribution is worser than before.
but that is not a problem of bitcoin, it is an inherent quality of capitalism. I do not like it but I can live with it
