1
Gossip & Opinions / Re: Bitcoins - about to hit $5,000 per coin today!
« Last post by obsidian on Today at 04:12:01 PM »Bitboy made an interesting comment about Cardano and diamond hands.
The problem for Cardano is the older investors are holding their tokens with diamond hands. Whales need to be able to get into the token for the price to go up. So some of those diamond hands need to sell. At some point Saylor would have to stop buying BTC also. The more his entities acquire the more centralization fears will be raised. Imagine if he owned 100% of Bitcoin - lol! It would be worthless. There needs to be a balance between whales and smaller portfolio holders.
The problem for Cardano is the older investors are holding their tokens with diamond hands. Whales need to be able to get into the token for the price to go up. So some of those diamond hands need to sell. At some point Saylor would have to stop buying BTC also. The more his entities acquire the more centralization fears will be raised. Imagine if he owned 100% of Bitcoin - lol! It would be worthless. There needs to be a balance between whales and smaller portfolio holders.