I've invested like beermoney amounts into potential projects, bought high amounts at laughably cheap prices... I don't give a fuck where they go I don't even remember how much I put in... but if they ever hit only a few bucks in value I can retire myelf... x) concept sounds good enough to me to not whine about shit

it does not affect the mechanics of the system in any way...whether bitcoin crashes or skyrockets the mechanics stay active...

the problem is you do not know who those 0.6% are who hold 90% of the coins...you do not know how cheap/expensive they got those coins and you do not know whether they will decide to dump the living fuck out of them if they decide bitcoin is a threat to them...they own 14million coins...dumping just 500.000 would cause a total destruction of the system...

they have the "off" switch to peoples trust in bitcoin...the system will be fine, you will still be able to transact, but bitcoin may be worth 10cents...

as far I understand the link that u posted, it says that most of the BTC are stored in cold wallets of EXCHANGERS. so its not like some elite owns 95 % of it...

but maybe Im wrong...

klinton you are correct. but a certain type of person likes to arrange that information in a FUDstyle way

2% total...only the top 2 wallets on that list are bitfinex (a story for itself) and bittrex...the rest are anon...now out of the 2% total of all coins that the those wallets hold, how many of those coins belong to whales?...

having a popular exchange is a great way to earn bitcoin...the margin accounts get destroyed by flash crashes that the exchangers themselves create...then wash trading and/or printing tether out of thin air is a super easy way to activate stop losses and then move it with "printed out of thin air" coins and bank from flash crashes...keep in mind there is NO regulation in this market...it is 100% legal...

read the chart...its all there...

http://i67.tinypic.com/2v16grd.png