Topic: The most frustrating thing about crypto - page 13. (Read 4388 times)
I don't have any problem that i encounter in cryptopia because most of my deposit and withdrawal just take about 1 to 2 days only, my frustration only is that my holdings are getting worst because it is all dropping or below ICO price, i only hope now is that bitcoin will go skyrocket earlier as possible.
For me the most frustrating things in crypto is the prices, where you cannot simply tell where it is going down or up. I dont really case about the scam because they are actually everywhere, but the saddest thing is when you buy a certain coin and then hours later it drops, or when you sell a coin and then it rises.
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...
You need to use another exchange then, if your coins are being held for hours then what you should be doing is contacting the customer support of the exchange so thy can resolve it. You need to understand that all exchanges are not the same and yes, there will always be exchanges which are better than others so you need to use the better ones Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
You really should not have to wait that long for your withdrawals to arrive. I mean I have used cryptopia a couple of times and I have never seem to have trouble with them. If you are waiting that long for withdrawals then you should contact their customer care service in order to draw their attention to it so that they can have it resolved for you.
if you withdraw using a small fee or gas, don't be surprised if the transaction you request is slow. because the transfer process will process transactions that use higher costs will be processed first. I once felt the same thing, but I took the initiative to change and raise transaction fee. a few more minutes my transaction being processed by pool.
Yes, few people know about crypto-currencies, and even fewer people understand the market. The media respond negatively to the crypto-currencies and people are afraid to take risks.
Indeed, Cryptopia is not suitable for daily trading, because the system is lacking in care.
I also moved DOGE coins from cryptopia to Bittrex and took 4 days to succeed. LOL
I also moved DOGE coins from cryptopia to Bittrex and took 4 days to succeed. LOL
The hardest thing about ciphers is that it is difficult to predict the upward trend of any coin, so we buy in and expect to hold, the market will recover.
I believe that almost everyone else will agree with me that the most annoying thing about cryptocurrencies is the fact that one can't really predict what will go on with the coin in the next minute. yes we make assumptions most of the times, but this doesn't just do it. The volatility of these coins is one someone has to worry about everytime.
People who lost their cryptos to hacking have not been frustrated, most times depositing and withdrawing take a little long because of network issues, you just have to calm down. Cryptos requires patience and it is only the patience.
I think you can move to another exchange that doesn't do what frustrates you. The most frustrating thing in crypto when we become victims of buying fraudulent ICOs. I believe that it really frustrates the bounty hunters who really work hard every day and night and in the end they can't get anything, until now I really wonder why there are people who do bad things with their neighbor.
Based for my own experience is when i bought a lot of altcoins for not so affordable prices and a day after it really dip too much and it gave me a very painful feelings due to no profit investment.
you mean the frustrating thing about exchanges and not about crypto, those are two different things, well, there are more safer and reliable exchanges out there to try, which offer fast and consistent transactions, they say never put your money in one basket, there are some exchanges that are faking their data, to attract traders, who knows, maybe those exchanges are only using your crypto to make their data look good to traders, that is why the transactions are taking too much time to push through, some times they end up loosing your money.
Delays in coin transfer can really frustrate even the most patient person in the world. The reason why we are getting frustrated is because of uncertainty. We don't know what is happening to our coin while its being transferred. The coin can disappear in thin air if you are unlucky. It also depends on the exchange that you were transferring. I have tried hitbtc, yobit, bancor and kucoin but haven't gotten any problem as of the moments. Had a lot of problems on MEW but that's a different story.
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...
The time for a transaction to get successful does not mean the exchanges are keeping your coins hostage. It means your transactions have to pass through the numerous blocks created by other users who are similarly making transactions on the exchange. As such, you are giving the opportunity to speed up your transaction wait time by increasing the gas price if you can afford. Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
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...
there must be some institutional bodies that governs theses exchanges. or there must be some sort of groups that rates each exchanges and post warnings and recommendations for public to know. lots of people are victimize and their coins held hostaged.
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...
Always use an exchange that is recommended by many people, I often use idex but I have never experienced anything like you, waiting for 30 days is not normal, if it happens like that usually for 2 days there is no confirmation and the status is still waiting then it's better to send a ticket to their CS. The most frustrating thing is that the market situation continues to deteriorate this year. Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
The most frustrating thing about crypto is when people attempt suicide when they invested at the high peak of Bitcoin and invest almost all their assest unto it only to find out the other day Bitcoin drops. That hurts a lot but it is just money and assets it is not life, move forward instead and not suicide. how awful thing to do.
For me it is the volatiles that make me little bit frustrating about it. But like it or not sometimes people are earn money on volatiles things. I guess that someday if it can be used by mass adoption the volatiles will not like this, I hope that this field can be more stable than this.
The deflation rate is one of the most frustrating things in cryptocurrency because it lose almost 60 percent of capital investment when the market are still dropping in coinmarketcap especially today.
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