Bitcoin manipulation
Can someone please explain to me how Bitcoin can be called a decentralized coin where no government or agency can control it? Seems to me that there are people or a group of people choosing to Fork Bitcoin whenever they want. My opinion is these people or group are holding tons of Bitcoin and are doubling their profit every time they do it. Seems corrupt to me. I have invested quite a lot of my savings into Bitcoin and other altcoins and I seem to be suffering every time Bitcoin chooses to do a fork all my altcoins long-term are crushed. How is this Fair how is this any different than having a bank or a government just print off money whenever they want seems like this is exactly the same thing. How much Bitcoin cash did they get when they created that out of thin air at number four on the market cap now. What will Bitcoin gold be worth? I bet it will be worth plenty and when they get it they will dump it and make tons of cash I see no difference between whoever is running Bitcoin and there is a person or group of people that do run it please stop with the lies about it being decentralized and for the people it is not supply and demand it is and will continue to be a scam of sorts because somebody is obviously running it and making huge profits off every single Fork. I will continue to hold my coins I will also continue to hope that this will stop and that Bitcoin will become what they claim it is based off of supply and demand not based off of they want more money so they just split it into two coins again. Bitcoin in my opinion has become a joke. Not sure about the rest of you but I have put all of my savings into all coins I continue to put everything I can into Bitcoin but then I buy all coins with it and all of those long-term coins are suffering 40 50 and 60% losses at this point and they continue to go down everytime they manipulate Bitcoin. Makes it hard for someone to not want regulations at least if there were regulations we would have some kind of rule law guideline something to go by to read someone we could hold accountable at this point it seems like they get to do whatever they want and we get screwed every time
Buy em up!
You are witnessing a grand experiment and you are part of it ;-)
These issues have never been faced before and need to be worked through over time; the market will adjust and then adapt, and meanwhile there will be much new interest by the rest of the world. So it's best to "not buy into the drama" day to day. Think about other things...
Bitcoin has no problem when its forked. The latest example was when there has been a fork which resulted with a new currency named bitcoin cash and as you said everyone having bitcoin also had bitcoin cash at the same time which is free money. However bitcoin price is going up determined and if you have bitcoin there is nothing to worry about. Alt coins however may be acting differently on graphs. Lately ETH is going up too however some altcoins go down. A group of people cant effect price of bitcoin unless they have really serious amount of bitcoin. Please have a look at this page:
https://blockchain.info/en/stats
and see how big trade volume is. When i looked it was nearly 50k BTC which is much more than 200 million dollars. And this amount belongs to just last 24 hours of transactions. Someone or a group of people really need to have relatively noticable amount of BTC in trade among this trade volume so that they can effect prices so much or maybe trade this amount in an exchange platform with a low volume to effect prices easily. So there is possibly no one who can effect the prices directly. I think the effect you mean is much easier to do using banknote currencies in several countries but not with BTC.
I also need to mention that the reason of form which caused bitcoin cash is that bitcoin transactions are slow and they thought bitcoin cash would be a solution for that. I think bitcoin is not an ideal currency. It has advantage of being the first and most recognised so this is the reason it is so high valued today and may be it will continue for a long time. But if cryptocurrency related society has a common decision that another unit is much better for many reasons, than it can replace the popularity of bitcoin. This is possible when conditions allow.
I see BTC mostly as an investment way rather than a payment method because there are some popular altcoins which allow you to make transaction in a short time. Its better to send money using another coin (ie. LTC) so the receiver gets it much earlier than using BTC for sending money.
Remember not everybody got Bitcoin cash. If they were holding their Bitcoin in exchanges that were not supporting it they did not get it they got screwed.
Since Bitcoin is decentralised and nobody controls it the Bitcoin is open source, meaning everyone can access the code. And a hardfork is basically when some people copy the Bitcoin code but makes a slight change that they think is better. So actually all these forks is only happening because Bitcoin is decentralised and therefor people can access it's code. If Bitcoin was controlled by the government or a company nobody except them would be able to access the code and make changes.
Okay and I understand what you are saying my point or question I guess is what is to stop these people from making a new coin every other month just because they have the money to back it up we the people get screwed altcoins suffer because of it I don't see where it is fair I don't see the difference between governments printing off money whenever they want more money
They're kind of right if you really want to think of digital coins and tokens as legitimate currencies :)
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I get you. I really do. And it's agonizing watching your "savings" go up and down. However, this is a very speculative investing space prone to a lot of chaos. If you think, over the long run bitcoin and your alt coins are going to go up then relax. If not don't invest anymore money. Big thing is not to get caught up emotionally in a month's correction cycle caused by yet another fork, which is annoying. And, yes bitcoin may seem like "big money" but versus the stock market it's a little tiny space. It's growing, but internationally corn trading is more important.