Topic: Confidence in Cryptocurrency - page 21. (Read 53170 times)
Investors confidence in cryptic will received a huge boost if their are some sort of regulations by government. It will reduce the instance of them falling prey of scammers.It will take time to build it and being in a bull market will encourage that too
I have tried to ask myself this question many times: What can be done to restore and foster investors' confidence in cryptocurrency?
There have been several incidences, most especially as regards the issues of hack of exchanges and several other forms of stolen funds, which has in turn cause down trend at some points in the crypto space.
These incidences have made a lot of people to be at their wit ends, not knowing what to do.
If I should ask everyone what can be done to foster confidence, we will all have different things to say. Nonetheless, suggestions are welcome, but before that, I just feel that regulation is part of the main language that can restore.
Aside that, if exchanges have not started the process of insuring the funds on users on their platform, it will be good they start that.
There have been several incidences, most especially as regards the issues of hack of exchanges and several other forms of stolen funds, which has in turn cause down trend at some points in the crypto space.
These incidences have made a lot of people to be at their wit ends, not knowing what to do.
If I should ask everyone what can be done to foster confidence, we will all have different things to say. Nonetheless, suggestions are welcome, but before that, I just feel that regulation is part of the main language that can restore.
Aside that, if exchanges have not started the process of insuring the funds on users on their platform, it will be good they start that.
For me, that is pretty hard to do, especially when you are trying to convince someone who does not want to be convinced or someone who has pretty much lost faith on cryptocurrencies. I think the confidence aspect in cryptocurrency comes from the inside because only true believers would have that resiliency and courage to continue on despite the many negative things happening in the market.
I don't really think that some lost confidence in crypto currency.
Those who quit are just the investors who blindly invested their money because they thought that it is an easy way to get rich.
Confidence in crypto currency would be boost once crypto is being accepted as a payment method for mass adaptation.
Those who quit are just the investors who blindly invested their money because they thought that it is an easy way to get rich.
Confidence in crypto currency would be boost once crypto is being accepted as a payment method for mass adaptation.
In every crypto market transaction requires us to have a lot of experience and confidence in panic. Because if you lack this knowledge and confidence you may be very frustrated. deciding and judging and analyzing each appropriate time to make accurate conclusions is a key factor in success.
2018 has been a tough year in terms of pricing for the cryptocurrency. And we see a lot of projects not making it this year, so its a correction year. But technology will stay, and we wanna kick off 2019 with a bang… So I think the people in the industry are still very confident about the future. So there’s no worries about that.
Those who long have been in the crypto they are sure. For new users, confidence will add support for crypto from the state. Because they didn't see a time when crypto wasn't used for fraudulent purposes and was a really good way to make money.
The only effective way to give/return confidence is to give the opportunity to see huge Xs in real time. Guarantees, promises, predictions nothing before the FOMO.Those who long have been in the crypto they are sure. For new users, confidence will add support for crypto from the state. Because they didn't see a time when crypto wasn't used for fraudulent purposes and was a really good way to make money.
The only effective way to give/return confidence is to give the opportunity to see huge Xs in real time. Guarantees, promises, predictions nothing before the FOMO. More investors are still confident in the market despite of the losses. I don’t see any reason for panicking because the market is still on the right position. What we need to do right now is to educate people and tell them that there is no market that will pump continuously without dumping.
You make good point as regards educating people that there is no market that is stable,there must be up and down in most cases, those that don't have confidence in the market right now,I believe in no time that confidence will be restored back.
You need to understand that cryptocurrency is a very promising asset. Even if a coin today costs several tens of dollars, then tomorrow It may be several tens of thousands. Therefore, security issues need to be approached very carefully. For example, I bought new coins, for example, the same Sound Money Coin. Today, this coin is very cheap, but tomorrow it may be worth a fortune. I immediately prefer cold storage. And maximum security for their crypto assets.
Confidence in cryptocurrency is only growing, but, unfortunately, not for everyone. Experience and caution are needed in this area, since there is a great temptation for fraud. But the difficulties with the security of cryptoactives are more often individual in nature due to carelessness when working on the network.
So many bad influences have actually drawn the name of Cryptocurrency in mud making it look like some sort of scam investment. I think regulation alone would not solve the problem, we need highly improve security features to be installed unto platforms so that we can prevent all these series of scams that are circulating within the crypto community.
To regain investor confidence, I think we can do many things. Cryptocurrency is a big industry and is currently very popular. So many people hope to get money from this industry. Now the market has risen again and now the volume is getting bigger. And that means that now investors have returned to believe in Crypto.
Yes, a slight increase is observed this month, but it’s still too early to say until the 2017 cost is fully recovered, and investor confidence is still cautious, a number of projects cannot attract funds, and hundreds of coins fell by 90% as soon as these figures change, one can say that the crisis has passed.
Many exchanges were hacked and this is why I am not confident to hold my funds on them only the amount I am trading with. The most reputable exchanges like Binance refund their customers if got hacked and I think all others should follow their example. Exchanges are earning huge profit from trading and withdrawal fees and they have to have a reserve fund from which they can refund their customers in case of hack.
To login fishing site or wrong work and for exchange hacked your funds could be stolen. Keep confidence in Crypto and should invest because market will pump after everything.
Such large volumes of trading, in Bitcoin, almost $ 20 billion are exchange trades. I have more confidence in Bitcoin. Yes, when the issue of regulations in the cryptocurrency space is resolved then almost all the investors would regain back confidence on the blockchain technology.
It's time we make clear regulations, this will be good news for investors so they are not afraid to place their money, without regulation, anyone can make a project that is used for scam.
Yes, when the issue of regulations in the cryptocurrency space is resolved then almost all the investors would regain back confidence on the blockchain technology.
Crypto currency beliefs must be the problem if we are not sure and do not believe that the crypto rises again you are wrong because crypto will soon experience an extraordinary price increase
Those who long have been in the crypto they are sure. For new users, confidence will add support for crypto from the state. Because they didn't see a time when crypto wasn't used for fraudulent purposes and was a really good way to make money.
especially if the market recovers then it can pump our confidence because there will be many people who benefit from crypto because the belief will be stronger if there is real evidence.so it's not only users but crypto also has to prove if crypto is indeed worthy to have.
Those who long have been in the crypto they are sure. For new users, confidence will add support for crypto from the state. Because they didn't see a time when crypto wasn't used for fraudulent purposes and was a really good way to make money.
especially if the market recovers then it can pump our confidence because there will be many people who benefit from crypto because the belief will be stronger if there is real evidence.so it's not only users but crypto also has to prove if crypto is indeed worthy to have.
Those who long have been in the crypto they are sure. For new users, confidence will add support for crypto from the state. Because they didn't see a time when crypto wasn't used for fraudulent purposes and was a really good way to make money.
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