It's a fact that the largest amount of bitcoins is owned by a very small group of big name investors and financial institutes. They have the means and can buy large numbers of bitcoin. They can make and break bitcoin. This something quite different from the idea of creating a decentralized currency and avoid the middlemen.
Im not sure of this ifea that bitcoin ia handled by few people and those people are manipulating it. But ee could not disregarf the fact that it might actually happen. Though, there were whales who can really make sudden effect in bitcoin, it is atill considered as decentralized. No one has really full control over it and no can easily manipulate its value.
im beginning to think yes at least i think its going that way. maybe we need more alternatives to avoid that from happening
Having alternative would be one of the best way to scape the unexpected situations. We cannot neglect the fact that anything might happen that is why having alts is wise thing.
No btc is not a bankers coin but ripple is..bitcoin is formed for digital transections but ripple is backed by banks
Ripple is really a centralized ine unlike bitcoin which is decentralized. But because there were few people who holds the bigger volume of BTC, it might seem to be centralized. Whales has really the power to affect bitcoin.
