Will bitcoin be a centralized coin?...

Coleth

newbie

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Quote from: Bonsaiav on April 05, 2018, 12:14:35 PM

Will the bitcoin be a centralized coin (coin managed by the pope)? ... What is the reason?....

I don’t think so. Because of its users limit [bitcoin]. I don’t think the pope will manage it. It would probaly someone else who will gain the approval of the majority of countries. That person will rule it. One Cryptocurrency will rule. At this point in time i don’t know. Time will come.

kirkarsedat

newbie

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You just have to wait and it will pay off someday but I dont believe that bitcoin wil be centralized. it isnt easy to centralize it

darkangel11

legendary

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Merit: 1335

Don't let others control your BTC -> self custody

Quote from: Bonsaiav on April 05, 2018, 12:14:35 PM

As we know bitcoin prices are getting weaker every day.

Your first sentence is wrong already.
We are above the previous bottom which was at 6k USD and since we went there in February this level hasn't been revisited. In other words, the prices were "weaker" in February than they are now.

Quote

Do you think the bitcoin price was still being manipulated by the whales? .... What is the reason? ....

The price is being manipulated by everyone: the FUDers, governments, banks, whales, Wall Street investors, BCH shills...
For what reason? The one and only: money. And world dominance Wink

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Will the bitcoin be a centralized coin (coin managed by the pope)? ... What is the reason?....

The pope? How did you come up with that? It must be the first time that I'm seeing someone mentioning the pope as the world leader and a key figure in the centralization of cryptocurrencies Cheesy

richardsNY

legendary

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Quote from: Bonsaiav on April 05, 2018, 12:14:35 PM

As we know bitcoin prices are getting weaker every day.
Do you think the bitcoin price was still being manipulated by the whales? .... What is the reason? ....
Will the bitcoin be a centralized coin (coin managed by the pope)? ... What is the reason?....

You are badly mixing things up here -- are you interested in the market aspect or the technical aspect? On top of that, it boggles my mind seeing noobs get worried about the price going lower and lower. If you are here solely to bank on Bitcoin in a short period of time, you obviously landed in the wrong place. This market has proven to show no mercy, so better adapt to it, or just go back to where you came from. In more friendly terms, markets as a whole are all centralized, but the underlying technology is something that is decentralized, regardless of what others want to make you believe. It's important to understand the difference in this case, because what happens on exchanges (the market) and Bitcoin itself are two different worlds....

Reatim

sr. member

Activity: 2828

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Eloncoin.org - Mars, here we come!

Quote from: Bonsaiav on April 05, 2018, 12:14:35 PM

As we know bitcoin prices are getting weaker every day.
Do you think the bitcoin price was still being manipulated by the whales? .... What is the reason? ....
Will the bitcoin be a centralized coin (coin managed by the pope)? ... What is the reason?....

As what have other posters have said, its decentralize so there's no central authority to control it. Maybe what you meant is that it can be regulated but that's another thing.

As for the whales still manipulating the market, we will never know. What we know is that they work from behind so we can't hear and see what they are doing, we are just making a educated guess if they are manipulating it or not.

Ahed.s

newbie

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Bitcoin is decentralized so it will never be centralized unless it was owned by governments 🙂

Odora

full member

Activity: 266

Merit: 100

Quote from: Bonsaiav on April 05, 2018, 12:14:35 PM

As we know bitcoin prices are getting weaker every day.
Do you think the bitcoin price was still being manipulated by the whales? .... What is the reason? ....
Will the bitcoin be a centralized coin (coin managed by the pope)? ... What is the reason?....

Bitcoin can not be centalized coin, why I dare to say this, because its creator until now still not known and has not stated its existence,
only the whale that can affect the price, because Bitcoin price is still very influenced supply and demand,
Altcoin mostly centralized coin, such as Ethereum, Bch, Litecoin and others because we know who is the Creator...

RodeoX

legendary

Activity: 3066

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The revolution will be monetized!

You need to read about bitcoin. It is specifically decentralized, open source software. So NO is the answer.

https://en.wikipedia.org/wiki/Decentralized_computing

Johnny Lgz

newbie

Activity: 84

Merit: 0

Bitcoin is a decentralized currency so no one controls it, but when it become centralized then government will start controlling it, value drops is natural since price determines by how much money is coming in and out in the market.

BrewMaster

legendary

Activity: 2114

Merit: 1292

There is trouble abrewing

Quote from: Bonsaiav on April 05, 2018, 12:14:35 PM

Do you think the bitcoin price was still being manipulated by the whales? ....

not anymore. it is now only newbies thinking they have gotten the hang of how FUD works running around making a fool out of themselves by telling each other dumb statements about bitcoin that they make up themselves, thinking they are making some FUD up and can reach their goals by doing so Wink

letzdodiz

newbie

Activity: 182

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Bitcoin price that's getting lower everyday is normal. You just have to wait and it will pay off someday. And I believe that bitcoin wil be centralized someday

Bonsaiav

full member

Activity: 602

Merit: 118

As we know bitcoin prices are getting weaker every day.
Do you think the bitcoin price was still being manipulated by the whales? .... What is the reason? ....
Will the bitcoin be a centralized coin (coin managed by the pope)? ... What is the reason?....

Topic: Will bitcoin be a centralized coin?... (Read 151 times)