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Topic: How can I trust cryptocurrencies? (Read 328 times)

jr. member
Activity: 172
Merit: 1
November 17, 2020, 05:16:42 PM
#38
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.
full member
Activity: 546
Merit: 100
November 17, 2020, 05:16:26 PM
#33
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.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
November 17, 2020, 05:05:20 PM
#32
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.
full member
Activity: 666
Merit: 108
November 17, 2020, 04:27:13 PM
#31
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.
legendary
Activity: 3094
Merit: 1127
November 17, 2020, 02:27:01 PM
#30
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.
full member
Activity: 588
Merit: 100
November 17, 2020, 02:05:18 PM
#29
You should first understand how the market works before trusting any crypto currency. Do a lot of researches for you to benefit from it.
member
Activity: 1120
Merit: 68
November 17, 2020, 01:04:17 PM
#28
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.
full member
Activity: 1708
Merit: 126
November 17, 2020, 01:03:24 PM
#27
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.
legendary
Activity: 2492
Merit: 1232
November 17, 2020, 12:05:01 PM
#26
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.
sr. member
Activity: 1820
Merit: 436
November 17, 2020, 11:53:35 AM
#25
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.
sr. member
Activity: 1036
Merit: 329
November 17, 2020, 11:33:23 AM
#24
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.
full member
Activity: 1064
Merit: 100
Combo Network
November 17, 2020, 11:25:12 AM
#23
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.
full member
Activity: 502
Merit: 100
TheFutbolCoin
November 17, 2020, 11:19:39 AM
#22
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.
hero member
Activity: 1008
Merit: 540
November 17, 2020, 10:48:38 AM
#21
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.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
November 17, 2020, 10:23:16 AM
#20
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...
legendary
Activity: 2394
Merit: 2223
Signature space for rent
November 17, 2020, 10:23:10 AM
#19
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.
full member
Activity: 322
Merit: 116
November 17, 2020, 10:04:57 AM
#18
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.
jr. member
Activity: 278
Merit: 1
November 17, 2020, 09:59:14 AM
#17
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.
hero member
Activity: 2170
Merit: 530
November 17, 2020, 09:46:19 AM
#16
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.
hero member
Activity: 1498
Merit: 506
November 17, 2020, 09:30:11 AM
#15
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.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
November 17, 2020, 09:09:23 AM
#14


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.
hero member
Activity: 2954
Merit: 796
November 17, 2020, 08:54:00 AM
#13
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.
sr. member
Activity: 750
Merit: 258
November 17, 2020, 08:41:45 AM
#12
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
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
November 17, 2020, 08:31:17 AM
#11
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.
sr. member
Activity: 1092
Merit: 254
November 17, 2020, 08:03:32 AM
#10
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.
hero member
Activity: 2702
Merit: 672
I don't request loans~
November 17, 2020, 07:57:08 AM
#9
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.
full member
Activity: 1470
Merit: 105
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November 17, 2020, 07:50:25 AM
#8
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.
sr. member
Activity: 854
Merit: 253
l0tt0.com
November 17, 2020, 07:32:26 AM
#7
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?  Cheesy
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. Smiley
Yes, that's what you should know about the Crypto market, the credibility of Crypto let the crowd and whales prove it.
hero member
Activity: 2492
Merit: 542
November 17, 2020, 07:26:09 AM
#6
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.  
member
Activity: 658
Merit: 10
Catena X
November 17, 2020, 07:16:52 AM
#5
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.
hero member
Activity: 3150
Merit: 937
November 17, 2020, 07:13:38 AM
#4
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.
sr. member
Activity: 2436
Merit: 455
November 17, 2020, 07:09:39 AM
#3
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.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
November 17, 2020, 07:03:57 AM
#2
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.
newbie
Activity: 1
Merit: 0
November 17, 2020, 06:50:21 AM
#1
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
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