🚫🚫🚫🚫 If it is contingent on the internet remaining
which will end with the outbreak of 0000
A very important question 👌
Let me answer you simply and profoundly at the same time:
❓ What do cryptocurrencies depend on?
Cryptocurrencies are not subject to a single entity directly, but are affected by several combined factors:
1️⃣ Blockchain (the coding rules)
Each currency has a law written in code
that defines:
The maximum number (like Bitcoin 21 million)
The issuance speed
The verification mechanism
👉 It can only be changed with the network's approval
2️⃣ Miners / Validators
They are the ones who:
Confirm transactions
Run the network
Without them, the network stops
3️⃣ Supply and demand (the market)
The price is controlled by:
Investors
Speculators
Whales
👉 No central bank sets the price
4️⃣ Whales
Huge wallets capable of:
Moving the price in the short term
Creating panic or FOMO
5️⃣ Exchanges
Listing or delisting has a strong impact
Liquidity is available with them
6️⃣ Laws and regulations
Governments do not control the currency itself
But they control:
Trading
Taxes
Exchanges
👉 Regulatory news = strong market movement
❓ Who controls the existence of cryptocurrencies?
No one controls it completely, but:
The entity
Its influence
Developers
Development and updates
Miners/Validators
Operating the network
The market
The price
Governments
Acceptance or prohibition
Whales
Volatility
🔑
Cryptocurrencies are an open system
Controlled by code + community + market
