The whole point of Bitcoin (and all cryptocurrency) is that it's not controlled. It started as a reaction to the unstable market crashes of fiat currency.
It is decentralized. It's value is based on it's digital utility and the marketplace that owns it.
If you're looking to invest in crypto, I would go with Etherium, as Bitcoin has passed it's prime for making substantial money.
Bitcoin has been manipulated by whales since its inception. It is no different from your typical equity in that sense. Anyone with a few thousand BTC can manipulate the price, and whales can and do conspire to manipulate the market during periods of weakness. Example, in April of 2019 BTC was driven to over $14,000 and then crashed in a prearranged pump and dump.
However, for all its faults, it is less susceptible to market manipulation than other digital assets. They key takeaway is that it is not manipulated by the deep state currently. They will have to buy it first or coerce the current whales to join their cabal. And the vast majority of Bitcoin whales do not come from families that they would want to accept into their inner circles.
Watch for the deep state to try and make a different cryptocurrency that they can control. They won't push Bitcoin, or will do so only as a bait and switch.
BTW, there is a huge, huge security problem with Bitcoin that will strike once quantum computers become sufficiently powerful. The details are too technical for a post like this (it is an implementation detail that people do for convenience rather than a purely technical one), but if the deep state gets a hold of a powerful enough quantum computer, they will be able to engineer a massive theft that will destroy all confidence in Bitcoin. The solution will then be to shift everyone to their "new" cryptocurrency, which they control and which will not be subject to this issue.
I know basically nothing about cryptos, but I have a gut feeling that Bitcoin's "security" and "decentralised" attributes are being pumped right now so everyone will put their stimulus cheques and spare money into bitcoin or the market, and at a time of their choosing when it hits that sweet spot the Central Banks will have massive sell off and crash it, showing how unstable money is when the public is in control and try and get the Gov to let them "regulate" it just like the failed fiat currency. I'm going to stick with my gold, silver and uranium stocks, Investing in what I can understand.
The Bitcoin protocol can be updated to also be secure against quantum computers.
The safety of cryptography is basically about using really big numbers. And if computers get fast enough to break the existing system, you just upgrade to use even bigger numbers that quantum computers can't break.
The protocol is actually fine already. It is the way people use the protocol that is the problem. They don't follow the recommendations in Satoshi's original document due mostly to ignorance about the reasons why it makes the recommendations it does.
The whole point of Bitcoin (and all cryptocurrency) is that it's not controlled. It started as a reaction to the unstable market crashes of fiat currency.
It is decentralized. It's value is based on it's digital utility and the marketplace that owns it.
If you're looking to invest in crypto, I would go with Etherium, as Bitcoin has passed it's prime for making substantial money.
Bitcoin has been manipulated by whales since its inception. It is no different from your typical equity in that sense. Anyone with a few thousand BTC can manipulate the price, and whales can and do conspire to manipulate the market during periods of weakness. Example, in April of 2019 BTC was driven to over $14,000 and then crashed in a prearranged pump and dump.
However, for all its faults, it is less susceptible to market manipulation than other digital assets. They key takeaway is that it is not manipulated by the deep state currently. They will have to buy it first or coerce the current whales to join their cabal. And the vast majority of Bitcoin whales do not come from families that they would want to accept into their inner circles.
Watch for the deep state to try and make a different cryptocurrency that they can control. They won't push Bitcoin, or will do so only as a bait and switch.
BTW, there is a huge, huge security problem with Bitcoin that will strike once quantum computers become sufficiently powerful. The details are too technical for a post like this (it is an implementation detail that people do for convenience rather than a purely technical one), but if the deep state gets a hold of a powerful enough quantum computer, they will be able to engineer a massive theft that will destroy all confidence in Bitcoin. The solution will then be to shift everyone to their "new" cryptocurrency, which they control and which will not be subject to this issue.
I know basically nothing about cryptos, but I have a gut feeling that Bitcoin's "security" and "decentralised" attributes are being pumped right now so everyone will put their stimulus cheques and spare money into bitcoin or the market, and at a time of their choosing when it hits that sweet spot the Central Banks will have massive sell off and crash it, showing how unstable money is when the public is in control and try and get the Gov to let them "regulate" it just like the failed fiat currency. I'm going to stick with my gold, silver and uranium stocks, Investing in what I can understand.
The Bitcoin protocol can be updated to also be secure against quantum computers.
The safety of cryptography is basically about using really big numbers. And if computers get fast enough to break the existing system, you just upgrade to use even bigger numbers that quantum computers can't break.
The protocol is actually fine already. It is the way people use the protocol that is the problem. They don't follow the recommendations in Satoshi's original document due mostly to ignorance about the reasons why it makes the recommendations it does.
90% of all bitcoin is created, owned, and traded by two private chinese groups. One is the company that sells the equipment required to mine the coin.
If it’s value is controlled by the (controlled) exchange market, then ipso facto, its controlled also. Plus, all crypto currencies are traceable.
Interesting observation : Riot Blockchain that deals in BitCoin located in.....Castle Rock, Colorado
Bitcoin isn't controlled, but it is manipulated, definitely. However the bull market won't end until December.
Nothing new, while it is discussed is bitcoin controlled or not one thing is sure: IT CAN BE TRACKED. It can be tracked,period.
Yeah the whole point of blockchain is that you can track it all the way back to the beginning, that's why the launderers use Monero instead.