Confidence in Cryptocurrency - page 28.

bitgolden

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Jpti on March 19, 2019, 09:25:50 PM

Minimizing volatility of cryptocurrency is one of the factors that can restore confidence in cryptocurrency. The market is filled with fake ICOs fleecing potential investors and bounty hunters. So curbing such practice is another part to restore confidence. Hacking of coins from exchanges is another genuine problems that should be controlled.

I feel hacking of coins on exchanges security should be the major responsibility of the exchanges to sort out, because protection of user’s fund is part of the policy signed for and I don’t think most of these big exchanges do experience such issues except the hacking is done as a result of a mistake from the user’s end by not protecting his or her wallet keys very well.

Hence, the need for every investor to make use of any exchange that has reputation, and already big in the market, because they must have spent money a lot on the platform to put all forms of necessary security tools in check to avoid these type of incidence.

Mikell556

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Quote from: Bonwin on March 13, 2019, 11:11:56 AM

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.

To restore investor confidence, it is necessary first of all to remove from the cryptocurrency market fraudsters who create projects to steal investors' money. It is these people who kill ICO and instill fear in investors. Most recently, the major exchanges offered safe investment in new projects and we saw a huge number of people wanting to invest in these projects.

Svarora

copper member

Activity: 378

Merit: 0

The investor confidence is back if they feel that their investment is safe and they get average return on their investment. This thing can be archived only by regulated the market at international level. The other thing is enforcrment of legal action against fraudlent activity .The knowledge of procuring investing and and storing of crypto also be circulating among investor at mass level

raptorez

full member

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In fact, in cryptocurrency today, it’s very strange that only now, as people usually say, many people do not understand how correctly and for what reason they form confidentiality. In fact, cryptocurrencies are free funds from banks.

_Sergo

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Cryptoknowmics - World's First Decentralized Media

Quote from: OptimusPrime_3 on March 20, 2019, 04:45:04 AM

Quote from: Bonwin on March 13, 2019, 11:11:56 AM

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.

We can have or restore confidence in cryptocurrency again. But this will have to tamper with why cryptocurrency was invented in the first place because the government and regulations will have to come in.

in general, the cryptocurrency as an industry has not discredited itself, and continues to evolve. But while is not the time for strong growth, the entire financial market is still in anticipation of movement.

OptimusPrime_3

jr. member

Activity: 308

Merit: 1

Quote from: Bonwin on March 13, 2019, 11:11:56 AM

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.

We can have or restore confidence in cryptocurrency again. But this will have to tamper with why cryptocurrency was invented in the first place because the government and regulations will have to come in.

labenea

jr. member

Activity: 327

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The Standard Protocol - Solving Inflation

Quote from: Cemploon on March 20, 2019, 01:47:57 AM

You must try to change your strategy by trading every day. You can start with small profits and if you do it every day I think the longer your profits are greater. But you also have to be confident in your abilities and have to work hard.

trading is a very high risk but remembering the market in a situation like this what you say is right by doing daily trading is a good strategy. little by little over time will accumulate. but remember not to hold on too long and immediately sell when there is a chance.

PlusOne88

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“Tackling Climate Change Using Blockchain”

I may agree on that point about regulation. It is certain that when a coin is regulated people will definitely see that someone is there managing and such bad reputations brought about by scams can be limited in a regulated coin. The only thing that might be at stake is the freedom of the people to go anonymous since there might be instance that the users will all be monitored due to regulation. So there is a positive and negative side on this idea. I think what will bost confidence is its actual usage that can be help boost usage and trust to the coin.

Akagum

copper member

Activity: 168

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SIGMA by HYDRA X

Regulation is good.
But will regulatory authority stop hackers from hacking Cryptocurrency exchanges?
I think the answer would be no.
To Foster confidence in Cryptocurrency investors.
Cryptocurrency Exchanges should as a matter of urgency overhaul their security apparatus with a view to implementing sophisticated water tight security on their platform...to ensure the proper protection of users funds and even data.
Create avenues through which crypto can benefit the public in their every day activities.
This will Foster confidence and trust while supporting adoption.

ifightformerkel

legendary

Activity: 1386

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I think that the safety of investors can be ensured only by starting the regulation of the cryptocurrency market and the transition of exchanges from centralized to decentralized. The 0x project has long allowed this to be implemented, but this transition is still too long and investors funds are still at risk.

azalea69

jr. member

Activity: 336

Merit: 1

To be able to add confidence to crypto, we must have coins that have the potential and always be optimistic about the future.
It is not easy but we must try this so that we can see that crypto is indeed feasible for investment assets.

marjil

member

Activity: 454

Merit: 13

Quote from: justdimin on March 18, 2019, 03:58:05 AM

Quote from: Bonwin on March 13, 2019, 11:11:56 AM

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.

One of it is that they need to read news a lot, I built my confidence in Binance exchange through news, you will definitely be able to put one and two together from people’s opinion to decide on projects that will not give issue and for the regulation part of it, it will be bit difficult for any form of binding regulation to really work but we have some programs already coming up that will help investors not to fall a victim such as the SEC STO and exchanges IEO, with these 2 especially IEO from top exchanges, there confidence in cryptocurrency will be renewed again.

The best way to get the confidence in the cryptocurrency worlds is make sure you don't buy any scam coin. Some people bought the scam and then they loose the money so they decided they were unhappy about it. You must do your own research to chose the best cryptos then you will get the best incomes.

Boombull

jr. member

Activity: 192

Merit: 1

As you rightly said, regulation is part of the thing we need do in order to bring back the confidence of investors but I want the industry to self regulate itself if possible. As per exchange insuring user's funds, I think the industry has riped for this. Most of these exchanges makes profits more than banks, I wonder why they don't want to insure the platform. Another concrete thing that will increase confidence of people in crypto is its daily applications in our day to day activities

Cemploon

member

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CurioInvest [IEO Live]

You must try to change your strategy by trading every day. You can start with small profits and if you do it every day I think the longer your profits are greater. But you also have to be confident in your abilities and have to work hard.

MBMauL

member

Activity: 361

Merit: 10

kingcasino.io

Quote from: TKarollah on March 19, 2019, 11:01:10 PM

remain optimistic that it can affect us in thinking so that we can think positively and be patient in dealing with these situations and conditions.
if you have deep confidence in Crypto within you, you will still be sure that there will be good growth in Crypto.

all those who still play a role in I think crypto will still trust the crypto. We can see when the market is still moving with the trade transactions which I am told is stable, even though we are all now waiting for the growth of transactions quickly, but we have to be patient.

TKarollah

member

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“A nexgen decentralized ride hailing ”

Quote from: Wong Gendheng on March 19, 2019, 10:49:40 PM

I think so, even though it's now experiencing negative and difficult trends but I'm optimistic that the future of cryptocurrencies can be good and improving, this is what makes me not panic to invest more.

remain optimistic that it can affect us in thinking so that we can think positively and be patient in dealing with these situations and conditions.
if you have deep confidence in Crypto within you, you will still be sure that there will be good growth in Crypto.

Wong Gendheng

sr. member

Activity: 1428

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I think so, even though it's now experiencing negative and difficult trends but I'm optimistic that the future of cryptocurrencies can be good and improving, this is what makes me not panic to invest more.

fuer44

sr. member

Activity: 1680

Merit: 262

okay, I will share my thoughts about my belief in crypto.

First, in the future technology will definitely become more sophisticated, in terms of transactions it will also be. and crypto can be a vast space to support all these developments.

that's enough to make crypto even more valuable, so it doesn't hurt us crypto hodl and enter the crypto industry from now on.

princeyeboah

member

Activity: 714

Merit: 14

Quote from: Bonwin on March 13, 2019, 11:11:56 AM

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.

Insurance from the exchanges is a good way of raising the confidence of investors. But I think one keen factor which will boost the confidence of investors rapidly and massively is through governmental approval of cryptocurrency in many countries. People are ready to abide by the laws of a country and will continue to be afraid of breaking the laws. As it stands now, cryptocurrency remains neutral or banned in some countries. If these bans are lifted, people will invest freely without any FUD.

Jpti

member

Activity: 560

Merit: 10

Minimizing volatility of cryptocurrency is one of the factors that can restore confidence in cryptocurrency. The market is filled with fake ICOs fleecing potential investors and bounty hunters. So curbing such practice is another part to restore confidence. Hacking of coins from exchanges is another genuine problems that should be controlled.

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