[Vlog] Raw and uncut opinion on Bitcoin Cash & crypto market manipulation
Just a quick video of me musing on the recent events with Bitcoin Cash.
Centralisation vs Concentration
I think a lot of people conflate cryptocurrencies being de-centralised with them being well- distributed.
Even though crypto operates in a free market, in my opinion (based on what I have observed) the majority of cryptos are concentrated in the hands of relatively few people. This leaves it open to pumps and market manipulation. This is going to be par-of-the-course until cryptocurrencies go mainstream. And even then it may just be a different group of whales hoarding the wealth.
It's part of the game.
Something to be mindful of when investing in cryptocurrencies and trying to work out how best to protect and grow your capital.