Owners of “whale wallets” scooped up 450,000 BTC as the bitcoin market hit bear-market lows in late 2018. It appears whales now control 25% of all BTC. Is this good or bad for bitcoin? These private, non-institutional buyers decided an 85 percent decline was a buying opportunity. The market sent BTC prices higher. Now they hold bitcoin, hoping to exploit the law of supply and demand. By hoarding coins, liquidity dries up, theoretically forcing prices higher. If you are dumb money, that’s when you will buy, and that will make you a bagholder. You will be stuck, possibly forever or until you sell at a huge loss, as you ... (full story)