Post
Topic
Board Bitcoin Discussion
Re: Bitcoin great idea bad execution
by
aoluain
on 27/11/2018, 07:57:40 UTC
I was very supporting the idea of a  currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
 here is the reasons
1- Whales control big percentage of the 21 M Bitcoin 
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier
 
 [/size

This is still happening in other economic sectors. You can see a big company always trying to control other companies the way they want to find the best profit. In Crypto, if you're a low-capital investor, take advantage of the whales by going back and forth to make money.

The OP'S post is about value but it doesnt matter really. The ideal way
to look at bitcoin is in bitcoin not FIAT so when the markets fall down
you really havent lost anything. 1 bitcoin last month is still 1 bitcoin today
unless you spend it or a portion of it.