FOMO Among Big Investors May Support Bitcoin’s Polarizing Rally

FOMO Among Big Investors May Support Bitcoin’s Polarizing Rally

From bnnbloomberg.ca

The financial industry was something of a curious onlooker during Bitcoin’s furious, retail-led rally past $19,000 in 2017. There are signs the sector is playing more of role in the cryptocurrency’s latest surge. Licensed crypto exchanges, Bitcoin funds and a regulated futures market give the likes of trend-following quant funds, asset managers and family offices avenues for investment that didn’t exist a few years ago. Mix in this year’s 170% jump in Bitcoin’s price amid a once-in-a-generation pandemic, and it becomes clearer why more institutions might size up the volatile asset. “The multitude of ... (full story)

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Dec 7, 2020 12:59am

Bitcoin whales can easily manipulate market capitalization and price by changing hands.

There are a couple of bitcoin addresses which hold together much more than 50% of all bitcoin.
Hence, 51% attacks could be just a matter of time.

Crypto is the worse possible manipulation ever !

TudorIoan

Dec 7, 2020 1:03am — Edited

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Crypto is the worse possible investment.
But crypto FOMO dumb investors everywhere

Bad because your retirement fund could be wiped out in a dark future when 51% attacks will be much easy.
Fake blocks, reverse protocol... good bye...

You will be like, where's my pension ?
...and is gone !