How can I trust cryptocurrencies?

[traniniq]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

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[BlackHatCoiner]

On what cryptocurrencies do you refer? Decentralized or centralized? If we're talking about the decentralized ones you don't have to trust anyone, that's their main fact. As for the price, it has nothing to do with mining. It has to do with demand and supply. Since supply is fixed and every block's reward gets halved every 4 years, it makes only demand responsible for the price.

I think they mine whenever they want to manipulate the prices.

As I said before, they don't change the price with mining. They only get rewarded with new bitcoins. That's all.

Honestly, it seems to me that are some big players that control this industry.

Honestly, it seems to me that you're either farming or trolling. Or both. "Big players" as you named them, have nothing to do with mining. They just own many bitcoins like Huobi. The more miners means the more difficulty for a 51% attack.

[AicecreaME]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

Trusting cryptocurrency is more better than trusting a bank when it comes to your money. I recommend investing your money on big coins like Bitcoin, Ethereum, Litecoin, Monero, or even XRP if you don't want to start with a big amount. If you do that, you'll eventually find what you're looking for as the answer to your question on how can you trust cryptocurrency.

And in order to figure out if it's worth it or not, you have to take the risk and have the courage to do it. If you don't have the courage, then please don't force yourself in cryptocurrency because that might just lead on something that will make you mad, but if you do have, I could proudly say it's gonna worth the risk.

[davis196]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

The cryptocurrency market prices can't be manipulated by the miners,because the crypto markets work like any other market-the price is created by supply and demand.
The miners can't mine "whenever they want",because crypto mining has to be profitable,and mining profitability is determined by factors like electricity prices,costs of the mining equipment,etc.
If you don't trust cryptocurrencies,then trade FOREX.It is well known that FOREX markets are being manipulated by big banks.
Every market is manipulated,in one way or another.

[nemey]

I even feel that these cryptocurrencies are much better than banks. Where the bank actually cheats you with a meager lure. Just because the bank is legal, then you are definitely more sure. Even though these cryptocurrencies provide a very big opportunity for you to be able to get multiple profits quickly. And I highly recommend that you try investing in cryptocurrencies to prove it. Play with coins that already have a good name like Bitcoin or Ethereum.

[ice18]

Yes cryptocurrency is highly manipulated thats why its so risky to enter this kind of market but let me ask you what market is not manipulated right now? stocks? I dont think so everything right now is under manipulation by big players, by bankers, institutional investors its simple lets ride with them so we can also benefit thats a very simple strategy but effective.  

[drlukacs]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

Why do you need to trust Cryptocurrency when you are not making money on faith?  
Actually you dont need to believe in Cryptocurrency, the most important thing is you should know how this market works. How the crowd works and the factors that make a new project x100 or good enough to list on Binnace.
Yes, that's what you should know about the Crypto market, the credibility of Crypto let the crowd and whales prove it.

[kevinzxz]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

you don't need to be afraid or hesitant to trust cryptocurrency, because there are several factors that show if cryptocurrency can be trusted, that is :
1. Cryptocurrency always gets negative news but until now cryptocurrency still survives;
2. Cryptocurrency has a 24h volume of $ 275,319,911,944 and a market cap of $ 482,700,546,737, so this proves that many people are still investing in cryptocurrency;
3. Cryptocurrency can give you a fast and big profit, although the risk is also big (because every investment that gives a big profit will definitely have a big risk too), but you don't need to be afraid because the price of cryptocurrency will definitely recover when the price dump;
4. Many large companies will use cryptocurrency (an example is Paypal);

therefore I still trust to investing in cryptocurrency until now.

[Wexnident]

How do you trust banks then? Is it because they claim they "serve" the public? Cryptos especially the decentralized ones don't need to do anything to make you trust them, their entire concept is made out of the basis that you don't need to trust anyone, you just have to trade with each other and that's it. No need for an intermediary or whatever, only the two of you and that's it. Besides, you're identifying crypto here as an "investment" with your statement of big players tbh. Possibly why you don't question how banks or fiat works, because you don't see them as an investment. Might wanna change your mindset and instead view cryptocurrencies as "currencies", it's already stated there anw.

[milani]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

You shouldn't trust anyone, but you may believe in your success. I would say in such a way. Everything depends on not what someone say to you, but are uou ready to try something that may give uou chance to become successful and with growing income. But of course it does not exclude the risk that you may loose, but not because crypto or Bitcoin is bad, but because you did not chose right way or action, or overvalued your knowledge in some direction. The question is - can you trust banks? Or can you trust to your friends whom you gave some amount for holding? There is no guarantee that you will not lose, and it is everywhere. But personally I know lots of people who believed in BTC onecday and nowadays they got everything they dreamt about. But not all from them. So it depends on you first of all.

[AniviaBtc]

It's actually simple, make yourself happy and comfortable with crypto. Then I am sure you will be trust. Read a lot of good news about crypto. And finding out a lot of success stories of crypto players will increasingly make you believe that this crypto can really produce.

Finding a lot of success stories is really effective for a newbie like you, you can become inspired and motivated when you read a lot of success stories towards bitcoin. Learning how bitcoin works is essential and understanding how it can help you will make you successful when you invest on it.

Understand that cryptocurrency has a lot of risks and you need to deal with it. When there's a risk, there's a reward in investments. So, don't hesitate if you are willing to engage to it and do everything that you can do so that you can grow your cryptos. Believe on yourself and on what can crypto do to your life when you sacrifice your time and efforts for it.

[concept2]

There are numerous of people using bitcoin and this number keeps increasing day by day. It is hard to manipulate the price of bitcoin so dont worry. Only altcoins are easy to be manipulated cause of the low market cap, not popular and many whales involve. So stay away from altcoins if you want a more stable asset. Bitcoin is considered as digital gold and as you know, it is hard to control the price of gold

[Beparanf]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

Even on stocks there is a manipulation for a big player. Just take note that whales will never dump there bag unless the price of the coin they are holding is already overbought. Whales can't unload all the tokens due to limited liquidity of crypto so manipulation is not a big deal for crypto in general unless the manipulator you are pointing out are those developer token that holds the huge percentage of the total supply. That's a different story.

[cabron]

It's trustless. People make transactions here in the forum without even knowing who is on the other side but they know the coins are going to be received when sent to a wallet. You don't need to trust, you just have to learn how it works.

When a coin is sent, it's not going to be reversed anymore and you can trust the network for that because there is no incident that it did happen to anyone compare to paypal.

[VanityWallets2015]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

Even if you hold a lot of cryptocurrency you can't manipulate the decentralized market especially if there's a lot of trading volume.
Well that was what I know I was curious too if you can manage to manipulate the market with a lots of your holdings but I think it would only work on new coins?
I don't have really idea but if you are talking about Bitcoin I don't think you can control the market.

[molsewid]

I don't think so, big players can mine, but that doesn't mean they can control the market of bitcoin. It is possible only if it's a new coin, and these big players take part in investing in the ICO of this coin. It looks manipulated because many people believe in the news that can affect these coins' prices. And my advice would trust only the top currency like bitcoin.

[ekeh]

It depends on the crypto, because they are two different types of cryptocurrency, centralized and decentralized cryptocurrency, decentralized cryptocurrency has no trust, because is a function of demand and supply, which can not be predict by human, all is needed is by put faith at work.

[fishbonez11]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

The truth is no one has full control over a decentralised Cryptocurrency, it all depends on the demand and supply. Though there are ways to manipulate the price through the whales, they can easily make a movement on the price. This whales usually has the largest volume of a particular coin. They can decide when to get a hype from the people, though the hype will not last to longer, it will just cause a small period movement that will help either to dump or to pump the coin by the holders.

[The Cryptovator]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

Total crypto markets depending on faith IMO. We are trusting Bitcoin, and that's why it's still live. It's true there a few big whales who have been trying to manipulate prices sometimes. But not always happening. Where is manipulation not happening? Even big wholesalers manipulate onion price sometimes, does it means you shouldn't trust in an onion? I don't think so. So just because of a few manipulations, we should distrust cryptocurrency. If a cryptocurrency is truly decentralized, then there is no technical reason to distrust it.

[shield132]

Honestly, it seems to me that are some big players that control this industry. I think they mine whenever they want to manipulate the prices. Can you please explain how can I trust crypto more? Thank you

Do you mean Bitmain? They mine coins at first and then sell their equipment once they've mined a lot. For example, let's imagine there is X10 miner that just entered the market. In reality, they have X20 miner and mine with it while telling you that X10 is the latest one, very shady behaviour.
Cryptocurrencies were truly the best at the begining, right now, without doubt it turned into a commercial business and no one cares about the philosophy behind it.

But what do you mean in trust? You can look at bitcoin in two ways:
1. As a currency
2. As a payment method

Price is very changeable, so, no one can tell you whether it will rise tomorrow or not and it's not a stable thing, no, very unstable.
And as a payment method, yeah, you can trust it. You are your own bank and don't depend on 3rd parties, no one can freeze your wallet and leave you empty if you don't make mistakes.

But I have one question for you: Can you tell me why we have to trust fiat and not crypto? Let's take USD for example. USA prints it, leaves debt that we have to pay. Imagine, you lend $100 to a person and instead of getting this $100, you are going to give him $200 for the honor of taking loan from you and leaving you in a debt. That's abuse...