Topic: The most frustrating thing about crypto (Read 4388 times)
there are still many better exchanges, why don't you use other exchanges so that you'e not frustrated. but if in my opinion most frustrating thing is when we join bounty for 6 months and don't get any results and when investing loses all money because price is very cheap when coin is listed on market
Where my frustration is vented on cryptocurrency is with the high level of scam rate involved in it especially with the initial coin offering icos
And this issue has made investors very wary about cryptocurrency
And this issue has made investors very wary about cryptocurrency
And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
Yes, cryptocurrency is still far from perfect. There are a lot of technical and organizational inconsistencies. For now, this should be treated as inevitable. We hope that over time the convenience in its use will increase.Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
I, however, are increasingly concerned about the problem of hacking and the theft of our cryptocurrency from both the exchanges and our wallets. Cryptocurrency needs to be customized for the mass user, and not for a specific specialist who will provide himself with the necessary level of cryptocurrency security. If the level of risk in working with cryptocurrency will remain large, the average man in the street simply will not use it.
My opinion is an unpleasant thing in crypto - this is a loss of confidence in investments in altcoins. I myself also experience something unpleasant when the market prices of altcoins fall. I hold the coins, and do not sell the coins that I have. Frustration is present, but optimism still wins in me.
Everyone feels the same for now but there is nothing to do with prices falling like this and you can only wait for prices to rise again in the future. Disappointment will surely grow in someone.
And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
The drop in coin prices is something that makes everyone involved in crypto feel frustrated. I feel lost in the activity in this crypto dive. There are a few coins I sell on the crypto market having to wait for several days. And there are many other things not mentioned here about frustration in crypto.
And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
Of course, crypto-currencies have flaws and perhaps we are not ready for the general acceptance of digital currencies. Problems with transactions are often due to network load, but project developers are constantly working to improve and try to fix some problems, so the delay in sending coins is not a reason for grief. Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
My opinion is an unpleasant thing in crypto - this is a loss of confidence in investments in altcoins. I myself also experience something unpleasant when the market prices of altcoins fall. I hold the coins, and do not sell the coins that I have. Frustration is present, but optimism still wins in me.
And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
30 days is something for a very long time I wasn't yet , was waiting for this for about 6 hours and usually I translate and taken for 2-3 minutes on average Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
Indeed the conditions are still critical times of the crypto currency. Many phases in crypto currency that make us frustrated. For example, the frustration that I have experienced is that I am very tired of waiting for distribution from the results of the bounty campaign, I am frustrated because the crypto currency market does not exist yet, I am frustrated because the market is not stable so the expected profit is far from expectations. But I am sure that every effort I make will be rewarded so that now I continue to struggle in the crypto currency tirelessly, even most of my friends have been desperate to withdraw from the crypto currency. Indeed the crypto currency system has not been maximized and has not been used optimally so that it still needs improvement. Like other technologies, crypto currencies are technologies that must be constantly updated with an easier and innovative system.
The worst thing is not that time-consuming transfers and withdrawals of money from crypto exchanges. The worst thing is that in real time many investors have lost interest in the crypto market. The reason is simple - market participants have lost their money. Few people managed to earn. Earned only day traders who worked hard every day.
It has to be the kind of volatility that comes with the coins, you never know what is going to happen to the coins and the times that the coins spend being down are more than the times that the coins spend being up in price. Then there are the countless number of scams that you have to look out for when you are investing in the coins
For me the most frustrating thing about crypto is the price drop when you really need some money,
Most of the time when I need some money and would sell my tokens it would be at a low price.
Most of the time when I need some money and would sell my tokens it would be at a low price.
For me, the most annoying thing in cryptocurrency, this is a translation of the tokens in exchange. The transfer may take up to 6 hours 
.
. 
There is the no limit to run the coin in the market either it is down trend or upward. Due to this problem, there is higher volatility in the market which create frustration in the mind of investors. Second thing pump and dump policy is also bad thing in the crypto market, so keep away from this formula to earn the profit which may the reason of big loss.
The frustrating moment of cryptocurrencies to me is when you buy a particular coin in mind to trade with, but by the time you see that the price has gone down beyond expectation, and again when you buy token or coin that re not existent ico and waiting for distribution
Frustrating things in crypto like now, when the red market runs for a long time. this is very frustrating and also very worrying. waiting for the green market that never comes.
there is nothing terrible in it and I think that after a short time we will solve these problems
And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
If your deposit is from your wallet, then maybe you put too low gwei price or gas? The confirmations rate depends very much on this. Each time before making a transaction, I check the network on the https://ethgasstation.info/ and set the gwei price and gas a little higher than recommended. And thank God, I still had no problems with transactions. Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
the speed of transactions really wants to be better because at the current speed we cannot allow cryptocurrency to be calculated around the world
I think recently there are some wallets that allows for adjustment of transaction charges to speed up coin transfers. However the fees I have noticed for most coins especially btc has reduced and confirmations can result faster which is the major excuse most exchanges give for slow or delayed confirmation
Jump to: