Sometimes I think I'm silly...
Yesterday, I was talking with friends about the reasons for the recent crash as we were not sure if it has been influenced by the Asian market (China or South Korean regulations), a correction of the market after the exponential rise of the last year or just that the wannabe traders, kind of people like me, were just afraid to see that their money ran away.
Then, we discover the RichList (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) published by Bitinfocharts... and we were amazed to see that most of the people, the real people, trading on the crypto markets just own a tiny part of it. While big whales do have the biggest part of the cake, it does seem usual but I have to admit that I expected something else from the crypto economy.
I guess I am naive but where is the revolution when techies play as traders? So if I understood well, the news and other information mean nothing compared to the will of these whales like in the old-fashioned stock market, even worst as nobody knows what are the real insights to follow. Are the commoner just in the market to lose their money because they do not know how to create a trading bot? When I see the board of these new companies gathering young tech genius and senior bankers or Kodak, Facebook and Telegram ICOs I am a little bit disappointed about this so-called revolution.
Hope to be wrong and that the community will help me to understand why?
Thanks in advance :-)