RE: The crisis of strong hands in crypto space
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If we see the rich list of the bitcoin, then we can observe that around 60% of the total coins are accumulated among only 16000 owners! And another 33% belongs to only 1M owners. Then total of 93% of Bitcoins are accumulated among these 1M users, and the rest of the people of the earth can never earn a single BTC!
So, how much intriguingly concentrated ownership of an asset can change the future of the world?
The question is really an important factor in determining the future of BTC and the other ALTs. The Concentrated BTC asset is another region in which people need many alternatives and more diverse distribution.
Dear @tanzil2024 !
My bro Hassan!
Do you mean that you can gain profit and stability in cryptocurrency trading by comparing the value and trading volume of Bitcoin and other cryptocurrencies?
Yeah, many people are doing trading for that but it is very risky than other kinds of trading options as well. Whales can control the market by manipulation that makes big turbulence in the market which should be kept in mind for future trading.
Dear Hassan!
Are you saying we should always be watching the whales that own 60% of the world's cryptocurrencies?😦
Sure we should try to learn their way in trading and those movements can make you a good trader!
"as-salaam 'alaykum"! Hassan!
Thank you for kind answer!
You must be a genius because you can easily explain things to East Asians like me who are not good at English!😄
Many Japanese and Koreans claim that people from the Indian subcontinent have a natural talent for mathematics!
Well, I am attracted to the charms of women from the Indian subcontinent!😄
My pleasure!
Indian women are also very talented !
I hope you find some great Indian women when you come to visit the Indian sub continent.