Topic: The most frustrating thing about crypto - page 17. (Read 4357 times)
Its volatility and unpredictability is by far the most frustrating thing about crypto, they are so volatile that their value can never be fully stable, a n expensive coin can lose value overnight and there is nothing anyone can do about it, the prices are most of the times self regulating, making it impossible to prevent the fall in value when it starts
the most frustrating thing in crypto is when prices suddenly drop dramatically, it makes panic and wonders why this happened. then the price dropped for a long time as it is now, the market is red and prices are very unstable.
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...
I have also suffered painful problems in this regard, which has led me to be disappointed in the service offered by many exchanges, and has made me aware of the great vulnerability to which cryptocurrency users are exposed and the little regulation that exists to protect our interests against these abuses.
In less than a year I have suffered hacks in Etherdelta and in Cryptopia, and Poloniex froze my account for no reason, and in none of those cases I received adequate support, nor could I recover my investment. And this is the kind of things for which this crypto-universe can be very disappointing and frustrating for many.
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...
I have also suffered painful problems in this regard, which has led me to be disappointed in the service offered by many exchanges, and has made me aware of the great vulnerability to which cryptocurrency users are exposed and the little regulation that exists to protect our interests against these abuses.
In less than a year I have suffered hacks in Etherdelta and in Cryptopia, and Poloniex froze my account for no reason, and in none of those cases I received adequate support, nor could I recover my investment. And this is the kind of things for which this crypto-universe can be very disappointing and frustrating for many.
I think the most frustrating things about crypto can be narrowed now to two basic things. The volatility of the market and its high transaction fees. This is one thing that keeps the public from generally accepting the system. It needs to do better and probably outgrow these challenges and hopefully more people will grow fond of the market.
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.
Unnecessary bottlenecks
They are so much a turn off
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
Unnecessary bottlenecks
They are so much a turn off
Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
I do not like very sharp price movements in the crypto-currency market. But this is a good indicator that the market is only just beginning to develop.
Maybe you chose wrong exchange platforms because there are several other exchanges which gives better services. I don't think the fact that you had those experiences doesn't mean crypto is not ready for adoption as you claim.
That is one of the problems with decentralization. Because centralized companies often have customers care representatives that can take and manipulate process complaints in cases like this, but smart contracts are in charge of this things in a decentralized world, so if there is a bug or something wrong with the smart contract then, people will face different problems
I think the most annoying and frustrating thing about cryptos has to be its volatility. We see that it is one thing that is hard to predict and that it is favorable one minute does not mean that it would be the next minute. This same issue is why people are often advised not to get involved in day-trading except the understand the market well enough.
I am sure that after the rapid growth of the market, more and more people will again be interested in crypto currency and investing 
Investing in something does not make me feel frustrating at all. 
I am sure that after the rapid growth of the market, more and more people will again be interested in crypto currency and investing
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...
I agree with you, in most cases the transfer takes a long time. But for this I try to use fast coins, such as LTC or Doge, they are very quickly transferred and they have very small commissions, so it's convenient. But if you take the usual tokens, then here is the problem in the bandwidth of the Ethereum network, I hope that someday it will work faster...
what is frustrating is when we invest but the value of the coins we invest does not experience the expected price increase. sometimes the frustrating thing is that when we do the post countless times, there are some things that frustrate us in crypto, so we have to do a pretty good post so we always count. invest well and precisely to choose coins or projects in crypto.
I think the most frustrating thing about crypto world right now is the fact that scam has almost taken over the place and it has really become unbearing for most of us. It would be great if something can be done to fight these things, else every one is just going to be scared of venturing into certain things, which might be a setback for the crypto industry.
The most frustrating thing in the crypto is the market in the red zone, the price has always declined and for a long time. this is very frustrating, as if there is no hope anymore.
I also reach the same conclusion. A bear market makes everyone angry about BTC and people start panicking, then selling and its frustrating to not see a steady rise or stable market price. Hopefully, we'll see some of that happening soon.
The most frustrating thing in the crypto is the market in the red zone, the price has always declined and for a long time. this is very frustrating, as if there is no hope anymore.
I also reach the same conclusion. A bear market makes everyone angry about BTC and people start panicking, then selling and its frustrating to not see a steady rise or stable market price. Hopefully, we'll see some of that happening soon.
Exchanges are centralized points of sale for digital assets like crypto and their greatness keeps them slow. They are simply not able to process so many orders that are put on them all the time. This will take some time to implement systems for instant transactions, but yeah, it is one of the reasons why are not we prepared for the mass adoption yet. What frustrates me more is that we are not adopted by masses yet 
. I got it, even Rome was not built in a day and merchants are in favor of new ways of payment. But it would be nice to have liquid crypto, right? On the other hand, developers are encouraged by an empty space that can be filled with their solution and if they bring something unique, it can make them a major player in their field. That is not a bad motivation 
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. I got it, even Rome was not built in a day and merchants are in favor of new ways of payment. But it would be nice to have liquid crypto, right? On the other hand, developers are encouraged by an empty space that can be filled with their solution and if they bring something unique, it can make them a major player in their field. That is not a bad motivation .
The frustrating someone in the world is certainly many crypto people getting ICO scam. And when they have gotten token when entering the stock market price is very low. Because many people are selling coins. And Yes, this will make someone endure in crypto because they have a need and want to make money.
For people, who worry on any trifles, investment into cryptocurrency aren't recommended. Yes, blockchain technology is still imperfect in application, but in the beginning of the development of the Internet its speed was only 5-10 kilobytes per second and many people also did not believe in the prospect of its widespread worldwide.
There are so many people who are busy in investing their money into different crypto currencies. There are several things which needs a lot of improvement and that it will take some time for things to be settled down in favour of the crypto currencies. Lack of support of government and the legalization issues of the crypto currencies are causing serious threats in minds of the investors. Jump to: