Topic: The most frustrating thing about crypto - page 25. (Read 4388 times)
What frustrate me the most is holding a coin for long for the value to rise only for the coin to fall even below the value it was, because one does not know when the price will rise again.
yes sometimes it is quite a big problem for some people, the market you mentioned above not use because it is according to my friend, many problems there, so it is better to take in other exchange, rather than having to have problems in the exchange
Why don't you use a descentralized exchange ? I know that descentralized exchange haven't pairs about BTC/USD ; USD/BTC but at least you can pass that long time about confirmations . I recommend you to find how to use descentralized one . Also your funds are safer than one on centralised exchanges
I wouldn`t go as far as suicides, but yes transaction time is a very big problem for crypto world right now, considering that it supposed to be a difference maker when the technology was released, remember?
There are really many, many frustrating things about crypto. It's a new sphere which still does have to be studied and researched. Still, we are at the beginning and by moving carefully we can make the most of it. Just be ready to take some risks!
In my opinion the most frustrating thing about crypto is the same like on stock market and it is a losing of money, nobody secured from this in this industry
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 also experience that issue on Cryptopia but mine was confirmed after 15 days I thought that I lose my coins and will have considered Cryptopia as a scam exchange, I'm glad I got my coins back and Cryptopia have upgraded their system and their support as well.
On this side, I agree with your opinion. Waited for verification on bittrex for about 3 months and do not consider this situation normal. On a regular trading stock market, verification lasts no more than 3 days and this period can be considered a long process.
the delay of some project and some project are waste of time you can easily know them some project there token can't be find in exchange or it will take long time before is listed on exchange
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...
My advice is not to trade on such exchanges like IDEX. I lost a lot of profit due to the issues with IDEX, when my deposit lasted for more than 2 hours. Till that time the price of my coin dropped twice below ICO price, and since then I hate IDEX more than any other exchange. Sometimes it seems that IDEX is down more time than it works.
If you are talking about IDEX, this exchange really shows such an inscription
"Trading under maintenance. Withdrawals and cancels are enabled."
This is normal. The exchange is new, they fix bugs or add servers. In any case, you can withdraw money. If you are talking about another exchange, then perhaps you need to look to the side of the better known (Binance and Bittrex) with a good reputation. The exchange is not the saddest thing in a crypto world.
"Trading under maintenance. Withdrawals and cancels are enabled."
This is normal. The exchange is new, they fix bugs or add servers. In any case, you can withdraw money. If you are talking about another exchange, then perhaps you need to look to the side of the better known (Binance and Bittrex) with a good reputation. The exchange is not the saddest thing in a crypto world.
I think that the most frustrating thing in crypto is when you made mistakes like selling coins for a much lower price you had bought it.
Exchanges specifically make a delay to prevent arbitrage trading. Although the problem of slow transactions exists. But not for all cryptocurrencies, it is also necessary to understand.
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...
Those are probably not reliable exchanges. I don't know about idex, because I've never used them (I usually use forkdelta for tokens), but I've heard a lot of problems from cryptopia, and I wouldn't recommend using them. Binnance and Bittrex offer a big variety of tokens, to why not stay with them? If you they don't have what you want, then forkdelta looks like a really good option, and I never had a problem with them.
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...
I'm frustrated with the commission in the cryptocurrency. Also the fact that many cryptocurrencies in the price go to zero. Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...
I know these issues as well, but it´s just a part of using low quality exchange. But in the future they just must improve or they go away as the people would´nt be accepting these problems. We are still like paleolite of the crypto so hold on... remember dial up internet? 
Yes, I agree, it is very unpleasant in the 21st century with promising technologies to be subjected to such a long wait.
The way to avoid these problems of unprofessional behavior is to stick to top 3 exchanges or so, and keep other coins you have in a non exchange wallet, until they are listed and ready to be traded on a world class crypto exchange.
Most frustrating thing in crypto is overnight market dumps so we need to careful with position u never say when market actually overturns it is very frustrating when u keep long positions
Well you can move to another exchange which doesn't do what keeps you frustrated. Thats not what frustrate me in crypto, what does it that you keep the coins for more than years and yet the price still is the same as what it use to. You have been waiting for years and yet the price which you expect to be more than jsut a cent weren't happening still. its frustrating to see that you have poured out all your savings yet it hasn't grown while the token that you thought isn't going to be progressive is moving forward and is now worth more than $5.
Jump to: