I had a deep debate with my relatives regarding cryptocurrency, Bitcoin, Hive, market and its decentralization. We were three and what confused us is that is Crypto market really decentralized or is BTC really decentralized.

They were had all the same statements and were on one platform that Crypto or Bitcoin is not decentralized which they give me many reasons. But I was against them in this regard proving them that BTC is highly decentralized.

According to them that the whole crypto market is being handled by America and they had plan to introduce a technology which can be dollars alternative. They also say that crypto market is highly manipulated by some whales which removes the concept of decentralization.

Also the main question which also makes me confuse was that Bitcoin price as compared to other crypto coins movement are same. Suppose BTC moves down side all other cryptocurrency follow the same pattern at the same time. Although how it is impossible for thousands of coins to move at the same time.

They wanted to say that it is not possible that all investors starts buying and selling at the same time because its possible that some coin does not move the same pattern of Bitcoin move.

I had the answer of each of their question proving that Crypto and Bitcoin is decentralized. I told them that do you have control on others asset? can you freeze some ones wallet without their key permission. That is the thing which makes this platform decentralized.

Market manipulation, distribution, bull or bear phase all are in the hand of people and it is possible. You can't decide the price movement of Bitcoin either by decentralization. It is possible that Bitcoin could go to $17K by tomorrow but it does not mean that this is centralized thats why it happens.

Understanding the Dynamics of Bitcoin and Altcoin Movements

Also I told them that if this market is handled by US then why they are trying to ban this market. Why they are not happy to see their this technology grow and replace dollar soon. Market can be manipulated by whales whether they belong to any country and its the part of the game but it never means that it removes the concept of decentralization.

Just I gave the example of #HIVE to them that in this platform you are free what to do . You can use your upvote in any way and you have freedom. But you can't handle the assets of any account which means that the platform is decentralized but you have freedom of work.

The only question which I could not answer was that why all other crypto coins moves the same pattern of Bitcoin at the same time. 2 days ago when Bitcoin liquidate future positions and the price of BTC reaches $34K in 10 minutes. Why all other crypto coins follow the same pattern of Bitcoin? Is it really controlled by some bots which are instructed by people?

You may noticed that the price of #hive reaches $0.34 when BTC drops that much. This is the question which makes me confuse that either is it really runs on the same algorithm pattern?

What do you people think about BTC move and all other crypto move at the same time and with the same pattern? Do you think crypto market is controlled by any force? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

NOTE: IMAGES ARE TAKEN FROM CANVA.

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