Crytos declined a lot because of market manipulators not hacking issues?

[dozu888]

Well, I could say internet stocks were manipulated in 1998-2000. Many went out of business remember Pets.com, because Pets can't drive. This is a new paradigm and this is a process. Why are big players coming in if this is going to go away.

pets.com was my favorite.... but this time we have DOGE, so we have mascotas covered, no worries.

New paradigm is what they always say in a bubble. Process yes. block chain yes.. digital puffs of thin air to potentially replace fiat.. no.. fiat have guns.

Big players don't 'come in'... they are already in. Basically we have 2 categories of coins- ones that are just created out of nothing, with no mining at all... and they can set the total supply at 1 trillion coins, and issue 1 billion to jiggle the public... then there are the ones that require mining, proof of work, whatever... but I have a separate thread to cover that..

https://www.elitetrader.com/et/threads/proof-of-work-is-proof-of-ponzi.321278/

 

[dozu888]

The more interesting question is this;

How come there is no escape to safety crypto? Almost all of the time all cryptos move together. In stocks when a company had bad news money moves to other similar companies in the same sector. But not with cryptos, they act like it is just one giant ponzi, no fundamental evaluation based on usage and features exist.

That fact doesn't bode well for the future of cryptos. By now we should see a safe heaven crypto that is fairly stabil or gets money when other cryptos are dropping. Yet even the newer and more advanced cryptos move with BTC...

The safety is called the US Dollar.

 

[Evermore2017]

bitcoin@$6200