But then on another perspective is, some people prefer to wait for the coins to be available on a more well known exchange before they buy into the coin. That's possible too, I know I was one of them. :) It's the community that drives up the prices not the exchanges.
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The influence of the community is limited, both in time and in value. Markets will catch up, eventually and then they will be in control: 2,000 people with USD 4mio cannot compete with a million of people with a billion USD...
Yes, actually a community is holding the coins and it depends on how much of the total circulating supply they actually own. As you said, it will potentially be game over if the community has like a small proportion of the supply ... even if they have a huge part of total supply in possession, it will be a big test for the greed which is quite prominent in crypto space ... people simply don't have patience ... so let's see ... if they have over 80% of supply and if they are willing to withstand their greed ... so far as I can see, even in this bleeding bearish market they have stood really firm!