I love cryptocurrency but decentralization of the creation of currency doesn't mean there is a decentralization power/influence.
This is a natural fact and I admit it saddens me.
This volume of BTC appears to me as a manipulation of the market by big players. You see this alot in money management on wall street. If a company has 600,000 shares to sell or buy, they do not shift all at once. But as they unload and load they try to go slow. According to this volume from this mentioned video, transactions for 100 or 200 BTC are going on.
In wall street the large guys never do this to keep the peaks and valleys steady, to create a stable market place. But in this case it looks like the whales aren't aware of this volume or they are doing it for a purpose.
I can't help but to suspect Bitconnect as one of the main culprits. But what harm can be done? I have some experience in stocks , binary trading, options and exchanges but not enough to see what the hell is going on....
Any steemian's out there have an educated guess?
