If they had control over Bitcoin they would not be taking measures like this.
(twitter.com)
😷 DEM PANIC 💉
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Because people sell and buy, just like any other financial market...And it doesn't "keep tanking"...If you bought 100$ worth in 2011 it would be worth 3.3 Million today...there are over 17,000 different Cryptocurrencies to choose from...The only ones "controlling" the price is the Whales...(Buying and selling)
You are right. The main vulnerability beyond the downstream security issues of crypto is market manipulation. But that comes with the territory when trading in any type of currency. I believe the key is to diversify money and wealth into different baskets - some here and some there. That way if one is hit in some way, all is not lost. Putting all of one's eggs into a single basket has never been a smart move regardless of the medium of exchange used. This should not be a battle between what is better - this or that. They all come with good points, and all have some weakness. Balance is the key in trying to spread out risk.
Absolutely...Spread the investment.
Take a look at coin360.com for the heat map