Who are the rulers of this crypto world
As everyone knows that cryptocurrency is a decentralized (not onwed by any third party,or individual groups etc) money but for the one who holds it.
Why is crypto decentralized? It's because it's built on a new technology in 2008 called the blockchain technology. Blockchain is a decentralized programming built for total freedom and security from third party(not banks alone but to enhance great privacy to users).
But why my topic if crypto is decentralized?
From my thinking perspective, "anything Decentralized to something is centralized to another".
Looking from physical perspective blockchain is completely decentralized but from my stand point, cryptocurrency is being controlled and manipulated by some people. It's not the people's choice to control it but people who owns it gave up thier will willingly to be influenced by crypto influencers. This is why people like Elon musk would say good thing about crypto and everyone would go and buy.
If micro strategy decides today to sell thier Bitcoin,you will see the bear market that will occur.
The price will drop not because micro strategy dumped it but because people dump it because they thought that others will do the same.
Why is everyone buying and rush into a crypto project because an identity talked about it?, it's not mainly because of the person who talked about it but people jumps into it because they taught others would do the same.
So I thought of this so much and I was thinking what way would make no one to manipulate market?
THE SOLUTION I CAME UP WITH
The reason why it's easy for a crypto influencers to manipulate market is because people don't see the real meaning of cryptocurrency.
They taught cryptocurrency is all about loss and gain but don't realize that cryptocurrency is the future of true money and utilities.
I don't compare 1 Bitcoin to $45,000.
To me 1 Bitcoin is 1 Bitcoin.
The value of 1 hive to me is 1 hive irrespective of its value to Fiat.
1 Bitcoin is different from 1 hive and Bitcoin can't do what hive does as in you can't use Bitcoin to curate in hive but you can use hive.
Same that you can't use hive as ether gas fee because 1 ethereum is not 1 hive.
This is the utility of cryptocurrency and the true value of cryptocurrency
But unfortunately people see the price only.
Fiat currency looses value everyday but utility is the real value of crypto.
"Comparing crypto value to price is the greatest limitation cryptocurrency is facing right now because cryptocurrency is about utility* with time cryptocurrency would be priceless this is true money
Thanks to @onealfa and @insight.pob for using #tag #vyb_pobstreet.
