Topic: Any ideas of what we lack in crypto world? - page 5. (Read 3271 times)
in my opinion the weakness of the crypto world is the number of fraudsters and hackers. in my opinion this is the biggest problem in cryptocurrency. and negative news such as crypto is used for money laundering, illegal trade. it all makes people afraid to invest in crypto. and this happens because of lack of knowledge about cryptocurrency. therefore we as a cryptocurrency community should always promote good and positive things about cryptocurrency.
I think there are many benefits that can be obtained from cryptocurrency, in terms of technology, there are so many advantages when making a transaction or sending money, so cryptocurrency can be one of the best solutions because it can make shipping quickly and safely so that transactions become easier and more convenient.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
I think we need to educate people about blockchain and Cryptocurrencies. No government is straightaway going to come ahead and adopt Cryptocurrencies it will be the citizens who trigger something which would lead to such adoption but for citizens to do such a thing we need to educate them about how good Cryptocurrencies are and what change can it bring in our lives. I think maybe a few seminars and social media campaign can do this thing because many people still feel bitcoin is a pyramiding get rich quick scheme. 
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
We need make community how to build crypto become very popular payment currencies, many country have try to banned bitcoin but we make community how to build bitcoin, every country have community to make bitcoin accepted with our community as payment system. By have big community I think wait time when bitcoin become legal transaction payment on the future. We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
In my opinion there are certain limitations which need to be covered in crypto world like 1-Proper knowledge of working behind these coins or technical knowledge and level of skills
2-Higher transaction fees and limit on certain amounts
3-No support from people and governmemts
4-Greed among people which leads to scams.
But all these can be covered if we give our full support to the system and blockchain technology which will provide us a better world.
The lack in crypto world are knowledge some people have lack in knowledge about crypto they want easy money and easy income they don't want to wait for a long time to get profit. So knowledge is very important once you enter in the world of crypto.
The crypto sector can make it easier in the payment sector because of the ease in transacting online and blockchain technology provides new offers from payment systems that are still available today and in my opinion when looking at conditions where more and more are interested then the number of users will always increase every year
It's quite funny when questions like these come up and almost everybody have an idea of the problem yet we are all not in our individual ways helping in making the agenda of global adoption of cryptocurrencies a reality. In addition to what has been discussed here, i believe we need to really have some recognized marketplaces who are willing to accept cryptocurrencies as payments for goods.
The most important part of it all, we crypto enthusiasts willing to trade our cryptocurrencies for such services. if we don't really spend it to make the world see it how successful it's being the interest to gain knowledge about it will still be dead.
They need to see its essence then grow an interest learning about it.
The most important part of it all, we crypto enthusiasts willing to trade our cryptocurrencies for such services. if we don't really spend it to make the world see it how successful it's being the interest to gain knowledge about it will still be dead.
They need to see its essence then grow an interest learning about it.
In addition to that, due to lack of education too, most people don't believe in crypto as they don't believe that this can be change the currency , they think that this is a big scam. Unless we introduce this to people and letting them know the benefit , I think that would help their perception.
For now people outside crypto world don't want to believe it because government didn't support crypto. and in addition too, that people don't want to believe it because of other country banning crypto and bitcoin. negativity is still spreading because of governments desires. but its still amaze me that there are projects who really spread crypto's uses and how they benefit it. but there are still lack of products and services that support crypto to use by people.
In cryptocurrency, in my opinion, the possibility of a constant exchange of absolutely all types of cryptocurrencies is not enough. First of all, it is necessary to create a mechanism that obliges the teams of existing projects after the ICO to buy back their tokens at some minimum price. This is an abnormal situation when ICO teams collect millions of dollars, invest them in their business, but do not care about their tokens and do not put them on the exchange.
Buying back is a good idea in order to help the coin maintain a minimum price mark. This helps both investors, holders and traders to decide at what price to play around with the token in order to always maintain the value of the coin. Also, the exchanges can set a mechanism which will not allow traders to set a price which is beyond a particular low price. Despite the numerous achievement of cryptocurrency, it still lacks certain factors and this hinders its swift progress to mass adoption. One of the main factors crypto lack is regulation. In the absence of regulation, many bad actors have chosen to tarnish the image of crypto by coming up with scam ideas or project.
Believe me nobody desires regulations. One of the reason other than its profit producing feature is the anonymity that it provides to owners. Why would anyone want regulations? The freedom of control over one’s asset is the best thing that can happen to common people. As far as scam goes, there are many examples where people succeed snatching fiat and paper money. Scamming has more to do with human greed. Despite the numerous achievement of cryptocurrency, it still lacks certain factors and this hinders its swift progress to mass adoption. One of the main factors crypto lack is regulation. In the absence of regulation, many bad actors have chosen to tarnish the image of crypto by coming up with scam ideas or project.
Believe me nobody desires regulations. One of the reason other than its profit producing feature is the anonymity that it provides to owners. Why would anyone want regulations? The freedom of control over one’s asset is the best thing that can happen to common people. As far as scam goes, there are many examples where people succeed snatching fiat and paper money. Scamming has more to do with human greed.
Despite the numerous achievement of cryptocurrency, it still lacks certain factors and this hinders its swift progress to mass adoption. One of the main factors crypto lack is regulation. In the absence of regulation, many bad actors have chosen to tarnish the image of crypto by coming up with scam ideas or project.
Lack of crypto with lower price only, when you buy coin with higher price and suddenly down you have take faster cut lost without waiting or holding for long term, you can lost all if you not cut lost because is lack of cryptocurrency, they only give profit when price up and lost your money when price down, keep take moment to know when bitcoin or altcoin down by reading forum discussion and check many channel news.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
The crypto market has exhausted its popular methods of making money, which has resulted in less or even no new ways to stimulate a person’s interest in digital currencies. Additionally, there is lack of risk diversification in the crypto market because everything follows bitcoin trend, generally which could make enthusiasts lose interest in the market because they are afraid to lose their assets and investments. There is also the issue of volatility, which is heavily plaguing the crypto market and which could potentially result in people losing a lot of their digital assets and investments.
Bitcoin not be control by any one and any country, many country want to banned bitcoin because they want to stop how bitcoin popular with higher price and become bitcoin legal transaction if could control how bitcoin price. Bitcoin only manage by investor when holding price is higher and when selling price of bitcoin become down, many country try to manage bitcoin with power control to make bitcoin have higher price.
I doubt if this will not happen. With the way Bitcoin is spreading, I don't think the government will ever let it be independent. They will always want to be a part taker, that is if we don't want Bitcoin to be completely banned worldwide by various governments. Only regulations from state government of different countries will make it be with us. 
What we need is regulation, not for the price, but for exchanges, projects, ICOs and such. We lack guidelines for these projects and that leads to scams, thefts, etc. That is the only thing I can think of that we lack. If we're able to do this, then trust from the general public would be gained, next are the investors, and all will follow. If we can't avoid scams, we must somehow do something to prevent or penalize them.
When we are in need of decentralization then regulation is against it,and regulation is just going to increase the tax and expose privacy of a decentralized payment method.Already most of the crypto services were regulated that is why we are in need of KYC approval for bigger limits.Investors need to avoid scams projects,don't give it to someone's hand. 
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
The crypto market has exhausted its popular methods of making money, which has resulted in less or even no new ways to stimulate a person’s interest in digital currencies. Additionally, there is lack of risk diversification in the crypto market because everything follows bitcoin trend, generally which could make enthusiasts lose interest in the market because they are afraid to lose their assets and investments. There is also the issue of volatility, which is heavily plaguing the crypto market and which could potentially result in people losing a lot of their digital assets and investments.
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
The crypto market has exhausted its popular methods of making money, which has resulted in less or even no new ways to stimulate a person’s interest in digital currencies. Additionally, there is lack of risk diversification in the crypto market because everything follows bitcoin trend, generally which could make enthusiasts lose interest in the market because they are afraid to lose their assets and investments. There is also the issue of volatility, which is heavily plaguing the crypto market and which could potentially result in people losing a lot of their digital assets and investments.
What we need is regulation, not for the price, but for exchanges, projects, ICOs and such. We lack guidelines for these projects and that leads to scams, thefts, etc. That is the only thing I can think of that we lack. If we're able to do this, then trust from the general public would be gained, next are the investors, and all will follow. If we can't avoid scams, we must somehow do something to prevent or penalize them.
Cryptocurrency don't need regulations or anything selfishly suggested by us, it is the majority that lacks something, and that is discipline, if only we all have proper discipline, no one would take the advantage of being anonymous in cryptocurrency to scam people by what you have mentioned, everything is going to be alright with honesty, and proper disciplinary actions to ourselves (though it is impossible) people nowadays are selfihs and only care for themselves.
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