Topic: How can I trust cryptocurrencies? - page 2. (Read 328 times)
It's trustless. People make transactions here in the forum without even knowing who is on the other side but they know the coins are going to be received when sent to a wallet. You don't need to trust, you just have to learn how it works.
When a coin is sent, it's not going to be reversed anymore and you can trust the network for that because there is no incident that it did happen to anyone compare to paypal.
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 on stocks there is a manipulation for a big player. Just take note that whales will never dump there bag unless the price of the coin they are holding is already overbought. Whales can't unload all the tokens due to limited liquidity of crypto so manipulation is not a big deal for crypto in general unless the manipulator you are pointing out are those developer token that holds the huge percentage of the total supply. That's a different story.
There are numerous of people using bitcoin and this number keeps increasing day by day. It is hard to manipulate the price of bitcoin so dont worry. Only altcoins are easy to be manipulated cause of the low market cap, not popular and many whales involve. So stay away from altcoins if you want a more stable asset. Bitcoin is considered as digital gold and as you know, it is hard to control the price of gold
It's actually simple, make yourself happy and comfortable with crypto. Then I am sure you will be trust. Read a lot of good news about crypto. And finding out a lot of success stories of crypto players will increasingly make you believe that this crypto can really produce.
Finding a lot of success stories is really effective for a newbie like you, you can become inspired and motivated when you read a lot of success stories towards bitcoin. Learning how bitcoin works is essential and understanding how it can help you will make you successful when you invest on it.
Understand that cryptocurrency has a lot of risks and you need to deal with it. When there's a risk, there's a reward in investments. So, don't hesitate if you are willing to engage to it and do everything that you can do so that you can grow your cryptos. Believe on yourself and on what can crypto do to your life when you sacrifice your time and efforts for 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
You shouldn't trust anyone, but you may believe in your success. I would say in such a way. Everything depends on not what someone say to you, but are uou ready to try something that may give uou chance to become successful and with growing income. But of course it does not exclude the risk that you may loose, but not because crypto or Bitcoin is bad, but because you did not chose right way or action, or overvalued your knowledge in some direction. The question is - can you trust banks? Or can you trust to your friends whom you gave some amount for holding? There is no guarantee that you will not lose, and it is everywhere. But personally I know lots of people who believed in BTC onecday and nowadays they got everything they dreamt about. But not all from them. So it depends on you first of all.
How do you trust banks then? Is it because they claim they "serve" the public? Cryptos especially the decentralized ones don't need to do anything to make you trust them, their entire concept is made out of the basis that you don't need to trust anyone, you just have to trade with each other and that's it. No need for an intermediary or whatever, only the two of you and that's it. Besides, you're identifying crypto here as an "investment" with your statement of big players tbh. Possibly why you don't question how banks or fiat works, because you don't see them as an investment. Might wanna change your mindset and instead view cryptocurrencies as "currencies", it's already stated there anw.
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 don't need to be afraid or hesitant to trust cryptocurrency, because there are several factors that show if cryptocurrency can be trusted, that is :
1. Cryptocurrency always gets negative news but until now cryptocurrency still survives;
2. Cryptocurrency has a 24h volume of $ 275,319,911,944 and a market cap of $ 482,700,546,737, so this proves that many people are still investing in cryptocurrency;
3. Cryptocurrency can give you a fast and big profit, although the risk is also big (because every investment that gives a big profit will definitely have a big risk too), but you don't need to be afraid because the price of cryptocurrency will definitely recover when the price dump;
4. Many large companies will use cryptocurrency (an example is Paypal);
therefore I still trust to investing in cryptocurrency until now.
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
Why do you need to trust Cryptocurrency when you are not making money on faith? 
Actually you dont need to believe in Cryptocurrency, the most important thing is you should know how this market works. How the crowd works and the factors that make a new project x100 or good enough to list on Binnace.
Yes, that's what you should know about the Crypto market, the credibility of Crypto let the crowd and whales prove it.
Yes cryptocurrency is highly manipulated thats why its so risky to enter this kind of market but let me ask you what market is not manipulated right now? stocks? I dont think so everything right now is under manipulation by big players, by bankers, institutional investors its simple lets ride with them so we can also benefit thats a very simple strategy but effective.
I even feel that these cryptocurrencies are much better than banks. Where the bank actually cheats you with a meager lure. Just because the bank is legal, then you are definitely more sure. Even though these cryptocurrencies provide a very big opportunity for you to be able to get multiple profits quickly. And I highly recommend that you try investing in cryptocurrencies to prove it. Play with coins that already have a good name like Bitcoin or Ethereum.
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 cryptocurrency market prices can't be manipulated by the miners,because the crypto markets work like any other market-the price is created by supply and demand.
The miners can't mine "whenever they want",because crypto mining has to be profitable,and mining profitability is determined by factors like electricity prices,costs of the mining equipment,etc.
If you don't trust cryptocurrencies,then trade FOREX.It is well known that FOREX markets are being manipulated by big banks.
Every market is manipulated,in one way or another.
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 cryptocurrency is more better than trusting a bank when it comes to your money. I recommend investing your money on big coins like Bitcoin, Ethereum, Litecoin, Monero, or even XRP if you don't want to start with a big amount. If you do that, you'll eventually find what you're looking for as the answer to your question on how can you trust cryptocurrency.
And in order to figure out if it's worth it or not, you have to take the risk and have the courage to do it. If you don't have the courage, then please don't force yourself in cryptocurrency because that might just lead on something that will make you mad, but if you do have, I could proudly say it's gonna worth the risk.
On what cryptocurrencies do you refer? Decentralized or centralized? If we're talking about the decentralized ones you don't have to trust anyone, that's their main fact. As for the price, it has nothing to do with mining. It has to do with demand and supply. Since supply is fixed and every block's reward gets halved every 4 years, it makes only demand responsible for the price.
I think they mine whenever they want to manipulate the prices.
As I said before, they don't change the price with mining. They only get rewarded with new bitcoins. That's all.Honestly, it seems to me that are some big players that control this industry.
Honestly, it seems to me that you're either farming or trolling. Or both. "Big players" as you named them, have nothing to do with mining. They just own many bitcoins like Huobi. The more miners means the more difficulty for a 51% attack.
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
Jump to: