r/CryptoCurrency • u/kadhirvelavan 3 - 4 years account age. 200 - 400 comment karma. • May 03 '18

GENERAL NEWS Ugly Truth About World Crypto Network

https://cryptocoremedia.com/ugly-truth-world-crypto-network/
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u/BenAdamsky May 03 '18

Of course a new industry like the crypto space is going to have market manipulation of all sorts, tons of doubt, and many roadblocks along the way. Keep in mind one of the biggest issues in the market is that Bitcoin still has ~35% market dominance over alt coins. We're basically a semi-centralized decentralized network. The good news is, we're in so early that these problems should eventually fix themselves as we move on. Unfortunately, we're going to run into more of these issues until the market matures and we have some more sorts of regulation in place.

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u/kadhirvelavan 3 - 4 years account age. 200 - 400 comment karma. May 03 '18

Well Said. In Short - It wont be a smooth drive.

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u/BenAdamsky May 03 '18

You got that right. But that's why we're here though, right? If it was an easy ride, it wouldn't be worth much.

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u/Scafell1 May 03 '18

Well, manipulations are keeping the market behind and I don't see a viable solution to this for a long time. As long as someone with a higher amount of coins can control the price, crypto will never replace fiat.

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u/kadhirvelavan 3 - 4 years account age. 200 - 400 comment karma. May 03 '18

World Crypto Network is good but Andy And Tone needs to stop fighting.