Post
Topic
Board Economics
Re: Aren't we the reason why BTC is becoming too much centralized?
by
Gozie51
on 22/06/2021, 21:14:45 UTC

So in summary bitcoin is still decentralized currency.


I think this is a good reminder for people who are rushing into their wallets and on exchange to sell their hodlings either because of Elon musk tweet or that others are selling. Personally, I don't believe Elon musk tweet is the big cause of bitcoin drop but that it got to a time for huge correction. Bitcoin has this way to shield off unmerited value gotten from unnecessary hype either from some popular person tweeting or from a huge buy from an institution.

Also bitcoin is decentralised and that a good factor that it has grown this height. The control factor is out unlike fiat and some centralised coins like ripple. So it has no control or regulation which is a good reason that many invest .