Guys, Bitcoin is fundamentally flawed, we all know this yet we keep focusing on the price. Bitcoin was intended to be a p2p, cutting out the middle man, yet we treat it like a stock. If Bitcoin were to be a reporting company by god knows how, it'd have to file for reports, 10k's, quarterly, anually, the whole 9 if you're familiar with the financial realm.
Bitcoin is not a fraud, it's the individuals (smart money/wall st) manipulating it for the greed of money.
It's an age old discussion about the bitcoin. Whatever you said, it's correct about bitcoin but how come you reach to a conclusion that bitcoin is fundamentally flawed? It is our thinking about bitcoin which is flawed and that has not to do with the fundamentals of bitcoin. It is correct at its place and what differs is our thinking about bitcoin and the investment mindset. Bitcoin is still a p2p electronic cash system but we, the common people have taken it as an investment or a source of earning money. That certainly doesn't make fundamentals of bitcoin flawed.
Manipulators are everywhere. They are in the stock market, they are in the hedge funds, they are in the venture capital companies, almost everywhere in the financial system. Probably they are big in numbers in the crypto market because there is no regulator, so we often fall pray to their tactics! But that's how it is and we should be accepting it the way it is. There's no way we can cut them from the system. But that doesn't make the fundamentals of bitcoin, flawed! Watch what you are saying!