Post
Topic
Board Bitcoin Discussion
Re: Bitcoin great idea bad execution
by
sublime5447
on 02/12/2018, 13:40:02 UTC
1- Whales control big percentage of the 21 M Bitcoin  
Unfortunately until now we haven’t reached the "21 M". If we look at coinmarketcap, the number of coins currently in the circulation are only 17.3 M.

2-they can manipulate the price

Right, but not just in Bitcoin, I think every market is like that and until now there is no solution for this.
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
This is because of a fundamental problem that they don't agree with, if you are in their position I'm sure you will do the same thing like they did. This has two sides, on a hand Bitcoin lost its big players and on the other hand this enlivened the crypto market and the spread would be wider because they would fight harder to save their money.
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
For now I personally see Bitcoin as an investment asset, indeed sometimes I use it for transaction but it’s so rare, especially if it compared to using FIAT.