Greetings @peaceandmoney ,
You said....'the whole pie for themselves. And then want more. That's the problem here. When do they get to control the whole space is my major concern?'
When they create ETFs...that is when....however it is also the inevitable end of BTC....many years away yet.
Also there are enough holders of BTC who can band together and hold down the price of BTC by selling and they do....the price goes down and they buy more.
It has been said that BTC reflects the true market as everything else is controlled...but that was said some time ago...I do not know if it's true now....because there are some powerful holders now.
Thank you for something to think about....had not reflected on this aspect...interesting.
Kind Regards, Bleujay
!BBH
You're right to point out ETFs but there are also other mechanisms these maniacs can bring into the space to control it. But, at the current time, I think we still have enough grassroots BTC holders in the space which is a real force, even now. It is stiff competition for the big boys.
I can totally see why BTC reflects the true market value because BTC was supposed to be decentralised, uncontrolled and for everyone. But that was a little while ago and as we know things have changed. Nonetheless, as I have just mentioned, us little people still have the ability to push back, let's just make sure we do it.
I am glad you enjoyed the post @bleujay, thank you for your comment and support.