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RE: BITCOIN...REALITY OR FANTASY??? WHAT SIDE OF THE COIN ARE YOU ON?
I'm on the side of the crypto market over all. Let the market figure out the best coin to trade.
I'm on the side of the crypto market over all. Let the market figure out the best coin to trade.
100% agreed
No doubt it will...thanks.
I think there is quite a bit of disillusionment surrounding BTC, who actually controls it, how vulnerable it is and how the market it pretty much way to Top heavy at the moment.
https://steemit.com/bitcoin/@pawsdog/is-bitcoin-really-decentralized-or-are-we-being-led-like-lambs-to-the-slaughter
@pawsdog
Ur point is correct, as people investing money in BTC actually does not know the underlying blockchain technology. Most of people are in state of FOMO( fear of missing out) so they are investing and now institution money coming in like CME or CBOE this year and next year, institutional money is trading and making it high volatile. However as a true believer in technology and long term it is worth. As always 90 % people lose in trading and long term investors outperform them in all way.
About the control it is decentralised but not very decentralised as 20-30 big players are involved heavily and as long as their pocket is being filled they will keep the network stable but thing like Bitcoin Cash they will try to switch sides as miner loves only money at the end of the day. So it is still very early how far the BTC goes. But in overall Science behind is innovative and lot of project are awsome in this field.
This is why a currency like Verge will succeed🙏
Scary points but true...I guess every system no matter how "decentralized" has dependence on someone or something.
Yeah there will always be a gate keeper/s to everything. Where there is power to have there will be people to grab them. Yet I think the opportunities in crypto gives everyone a better chance in life. This may not mean it is fully "decentralized" but at least the spread of wealth has better chance to reaching countries that may never had the chance to prosper with fiat.
I also agree. Everything at some point is hijacked.
Very true... I just try and look at the situation from the financial perspective of the miners.
Nice comment and yes at the end of the day it all comes down to business for the miners.
is real bitcoin