Topic: Consolidation sounds like centralization to me (Read 223 times)
Bitcoin is as like digital gold but it hasn’t much popularity to all over the world. Many people still have no idea about BTC. So if people get a clear concept about BTC then it should be a parfect digital gold.
The more the number of people holding bitcoin, the better for the currency. I don't believe few people should just be in possession of it with large quantities.
i think consolidation are good for bitcoin. it will be more powerful be a unity of bitcoin. people are increasing their interest in bitcoin to investment. it will be play a good role. it also make sure profit for investor.
consolidation is helpful for bitcoin people. you are also right. i think it will help to increasing price and profit. its future are more profitable and secure. in my opinion it is more useful for bitcoin
consolidation is good for bitcoin. it is more useful for it. because bitcoins are really goes to consolidation than people are increasing their interest to investment. its future will bright. it make more profit.
You are indeed true. It does not make any sense to me. Decentralise wasn't meant to be like that. Whales and speculator have contaminated the market as weel as Futures. Because it's not abouts news anymore, it's sonething more behind that you do not see. Noone can understand what causes really the movment.
You think to come in now?
Maybe could be the right time to enter the bear market if you have some savong you may lose.
But remember: it'll be always BEAR
You think to come in now?
Maybe could be the right time to enter the bear market if you have some savong you may lose.
But remember: it'll be always BEAR
This actually does not apply here, even if this is a hypothetical situation, it will still be rules off. The price can only be tampered or be altered if the demand gets hampered. Plus your math is wrong here. Check the calculations.
There is no way to tamper with the price level. The only way it can be doe if there are a shortage of the demand of the coins in the market.
For me, consolidation is a massive involvement. When on the development stage, the interests of 100 people weigh more than one. The bitcoin will work.
Bitcoin's protocol doesn't really care how many coins certain individuals have, it has no effect on other's ability to execute transactions and it doesn't play much role in consensus. We are not some PoS coin where distribution matters.
Huge concentration of coins can be used to affect the price, and the price plays a role in Bitcoin's protocol because it determines the total PoW, I think it's not realistic to expect that some huge percentage of coins will end up consolidated and then used to attack Bitcoin, it would be too hard and too risky to execute such attack, and in the end Bitcoin will recover.
Huge concentration of coins can be used to affect the price, and the price plays a role in Bitcoin's protocol because it determines the total PoW, I think it's not realistic to expect that some huge percentage of coins will end up consolidated and then used to attack Bitcoin, it would be too hard and too risky to execute such attack, and in the end Bitcoin will recover.
I believe you have got the wrong idea about the word 'consolidation' because in economic terms it stands for correction of the market which means whenever the price of a product increases for synthetic (false) reasons then the consolidation happens once the customers and investors get aware of the situation which was created by manipulation.
Why we talking about consensus or consolidation as we know BTC is based on the decentralization theory. But it is right, in future we will see the merge in banks with blockchain and decentralized system. But it will be the start point of BTC revolution which will make every money system under decentralized theory and BTC will be prime of all.
I am not clear about you consolidation scenario. Wish you will help me any resource from where I can get a proper knowledge about it.
Consolidation is usually referred to as an indecisive period when the price moves above or below the prices in the trading pattern. Bitcoin is a cryptocurrency which runs on decentralized system and builds peer to peer connection. If it remains consolidated have a definite group ofit will never get mass adopted, as it is not good for its overall development.
Consolidation is the idea of making something more solid or stronger through a correction. So, current Bitcoin consolidation refers to the correction of price which we are experiencing right now. Once the consolidation is done, the market will start functioning in it's normal way which was the case before the consolidation.
You got the concept of consolidation wrong here. The only force that can affect the price of BTC is demand. If demand falls, so will their price and vice versa.
"There is no way that the price gets manipulated by the investors. The only factors that affects it, is the demand.
"
It can be manipulated by creating false informations. There are big players who can sell big amounts to scare the overall market and make people sell their coins as well."
market manipulation is not as easy as you think. it is not about having a lot of funds, it is about knowing how to do it and knowing the trend of the overall market so that you don't go against it. for instance right now if a manipulator tries to push the price upwards he will be crushed but he has a better chance of pushing it down.
for instance last year during the $2000 breakout a couple of bearwhales on bitstamp tried to push the price down. there was a lot of FUD about how Bitfinex is going to be closed down and go away and price fall down while these whales kept on dumping on bitstamp. long story short they lost a lot of money because the market trend was a rising trend and they got crushed.
Well, bitcoin has always been transparent to its users. People are now independent in the BTC transactions. So it has basically nothing to do with what other people are doing. In this situation what can be done is to hold some and spend some. Make a balance and you will get the best result hopefully.
"There is no way that the price gets manipulated by the investors. The only factors that affects it, is the demand.
"
It can be manipulated by creating false informations. There are big players who can sell big amounts to scare the overall market and make people sell their coins as well. "
"There is no way that the price gets manipulated by the investors. The only factors that affects it, is the demand.
"
"
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