Post
Topic
Board Bitcoin Discussion
Re: What is the obstacle of Bitcoin?
by
BigDippr
on 24/01/2019, 14:47:53 UTC
The main problem that bitcoin is facing right now, is the huge manipulation that can be done by just a little group of people. I mean, someone with a few million dollars can easily move the market upsides or downsides.

It is easier to manipulate than the other markets (like the stock market, commodities, or any other thing)



I think you are absolutely right that manipulation is common, and a huge problem.  But I think with Bitcoin it takes huge sums, and coordinated efforts from teams of very knowledgeable people.   But the smaller coins, even ETH, are very vulnerable.  I read that for $4000 an hour you can harness enough energy to dominate ETH (51%)