Topic: How can I trust cryptocurrencies? (Read 328 times)
You can trust cryptocurrency when you invest on reliable projects the will not fade away over time. Among them are ETH, BTC, LTC, BNB, ChainLink, eGLD, ALGO and many others.
You won't believe it until you understand the movement of crypto charts on the market. You need a lot of communication with the crypto community in your country. And after that, you have to accept all the risks in the crypto world. because the crypto market world is moving very fast, it is difficult to predict, but if your prediction is correct, it can make you rich quickly, but if you are wrong, you will become poor. and you have to follow the crypto market cycle again. and it takes a lot of time.
It's quite natural that people who don't have such experience have doubt in crypto.
Today the situation is much more clear and cryptocurrencies are much more developed and have better infrastructure than it was case about 10 years ago when early adopters started. However, it seems that for some today is even harder to get involved with crypto.
No one can't give you any guarantees but you can get some information and make decisjy to try advantages and disadvantages of crypto on your own. That is the best way to find out if crypto is for you or not.
Today the situation is much more clear and cryptocurrencies are much more developed and have better infrastructure than it was case about 10 years ago when early adopters started. However, it seems that for some today is even harder to get involved with crypto.
No one can't give you any guarantees but you can get some information and make decisjy to try advantages and disadvantages of crypto on your own. That is the best way to find out if crypto is for you or not.
Depends on Decentralized or not. If this is. Decentralized then here is nothing to do and for your information mining is not the thing responsible for the increase of value.it depends on the demand actually as much the thing is demandful the price will increase.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
Mining has nothing to do about manipulation yet miners are just rewarded with bitcoin on what theyve been doing its neither they do accumulate the bitcoin that they had mined or would tend to sell and included into the circulation.When it comes to those big player talks then its not something new that these people are really having the advantage on accumulating
more coins than or compared into those typical joes.Its part of reality that they do have the edge but doesnt mean that bitcoin is highly manipulative yet this is a free market
where coins had been distributed - maybe not equally but you can sure that it has a big community or to those people who had adopted it.
You should first understand how the market works before trusting any crypto currency. Do a lot of researches for you to benefit from it.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
I think it is very hard to convince people like you to understand how bitcoin and other cryptocurrencies works. No industry or organization can manipulate the bitcoin market due to it's decentralized. People who buys and sell cryptocurrencies are the one's who make changes with the supply and demand just like gold and oil prices. It's up to you if you would trust cryptocurrency because the only thing that keeps people away from investing in cryptocurrency is fear that there is no guarantee they will definitely earn profit from their investments.
Just simply trust your instinct and be willing to take all the risks. If you want to gain a good profit in the future then don't doubt it. As long as you're investing with potential coins like Bitcoin then you have to put your faith in it. Any investment has risks and things will depend on how you're going to deal with it. If you're still not comfortable with cryptocurrency then take the opportunity to learn more about it so you'll understand its value and importance as a currency.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
If you understand how it will work, you definitely don't ask this doubtful question.Trust is like faith you don't see it physically but you believe in it. If you would ask anyone in this forum how they trust cryptocurrencies it is the same as they have faith in it. Regarding who controls the price of Bitcoin and other cryptocurrencies, it is us who make changes on the demand as well as with the supply though the supply is fixed if an investor, especially the whales, sell it in the market then the availability of it will be higher than of demand so there will be changes on the price yet nevertheless trusting cryptocurrency because of it's volatility depends on your outlook.
I suggest you understand it well and invest at your own risk.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
Just like what most of the users here say the cryptocurrency like bitcoin is decentralized so the market price of the bitcoin and most of the crypto are depending on what is the supply and demand of it in the market.
Honestly, cryptocurrency is a great tech and can be trusted in my experience, but it's your own decision if your gonna trust it, something like price manipulation is possible but it's difficult to be done because it needs a group of people and with a high supply its serious funds needed to totally control the market, it only happened in a centralized system.
I suggest just make your own research on how cryptocurrency or bitcoin works and then try to experience it.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
I don't think some one can give you insight to invest in crypto currency . Investing in crypto currency is a self decision you need to know by your self why you should invest in crypto if you find that it's not worth of your money it's your decision. But if you find the potential of crypto currency that can be use to many option then you should invest now before the price will increase more ,and it's too late for you to decide to buy it.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
Trusting crypto is easy, put suggestions into your mind about the bright future of cryptocurrency, and also you have to buy crypto currency for analysis at a low price,
because it will affect your psychology when investing, good luck.
why do you doubt crypto? it is clear that crypto provides huge profits, just look at the price of bitcoin now reaching $ 17200, do you not enjoy it all. There is no reason not to believe crypto is already a lot of evidence and results. I myself have benefited a lot from crypto.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
You better trust cryptocurrencies better than bank, because they can close your account anytime they want and still your money, while in crypto you can see it as centralize where you have full control in your money you can see it whenever it go, you can easily make profit when you have knowledge already on how to. Second thing is even you say they can manipulate crypto you can still have a chance to make it on top. 
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
Do you mean Bitmain? They mine coins at first and then sell their equipment once they've mined a lot. For example, let's imagine there is X10 miner that just entered the market. In reality, they have X20 miner and mine with it while telling you that X10 is the latest one, very shady behaviour.Cryptocurrencies were truly the best at the begining, right now, without doubt it turned into a commercial business and no one cares about the philosophy behind it.
But what do you mean in trust? You can look at bitcoin in two ways:
1. As a currency
2. As a payment method
Price is very changeable, so, no one can tell you whether it will rise tomorrow or not and it's not a stable thing, no, very unstable.
And as a payment method, yeah, you can trust it. You are your own bank and don't depend on 3rd parties, no one can freeze your wallet and leave you empty if you don't make mistakes.
But I have one question for you: Can you tell me why we have to trust fiat and not crypto? Let's take USD for example. USA prints it, leaves debt that we have to pay. Imagine, you lend $100 to a person and instead of getting this $100, you are going to give him $200 for the honor of taking loan from you and leaving you in a debt. That's abuse...
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
Total crypto markets depending on faith IMO. We are trusting Bitcoin, and that's why it's still live. It's true there a few big whales who have been trying to manipulate prices sometimes. But not always happening. Where is manipulation not happening? Even big wholesalers manipulate onion price sometimes, does it means you shouldn't trust in an onion? I don't think so. So just because of a few manipulations, we should distrust cryptocurrency. If a cryptocurrency is truly decentralized, then there is no technical reason to distrust it. Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
The truth is no one has full control over a decentralised Cryptocurrency, it all depends on the demand and supply. Though there are ways to manipulate the price through the whales, they can easily make a movement on the price. This whales usually has the largest volume of a particular coin. They can decide when to get a hype from the people, though the hype will not last to longer, it will just cause a small period movement that will help either to dump or to pump the coin by the holders.
It depends on the crypto, because they are two different types of cryptocurrency, centralized and decentralized cryptocurrency, decentralized cryptocurrency has no trust, because is a function of demand and supply, which can not be predict by human, all is needed is by put faith at work.
I don't think so, big players can mine, but that doesn't mean they can control the market of bitcoin. It is possible only if it's a new coin, and these big players take part in investing in the ICO of this coin. It looks manipulated because many people believe in the news that can affect these coins' prices. And my advice would trust only the top currency like bitcoin.
Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you
Even if you hold a lot of cryptocurrency you can't manipulate the decentralized market especially if there's a lot of trading volume.
Well that was what I know I was curious too if you can manage to manipulate the market with a lots of your holdings but I think it would only work on new coins?
I don't have really idea but if you are talking about Bitcoin I don't think you can control the market.
Jump to: