Topic: The problem with cryptos - page 2. (Read 555 times)
I don't get it, what do you mean by saying "physical"? A real paper/metal banknotes? Absolutely absurd, or I must have misunderstood. Cryptocurrency will stay where it belongs - on the Internet. Those people who cannot access it are not the audience and there's no need to bring it to them
people simply don't care about blockchain technology or even understand it , they only invest when market is up and because of continuous FUD , they get scared and ran !
I like the idea of having a physical brand bit that has totally shifted away from the digital currency and decentralized digital currency system in the sense that this coins will be control and at the same time centralized so the idea of crypto is totally not their, if the is need for that trust be the inventor of bitcoin could have also done that.
This my third reply and I would quote another problem: Current crypto exchanges lack security for investor fund. There were many cases where dishonest crypto exchanges disappeared with funds of traders and investors. The crypto exchanges would have do more to eradicate the skepticism of the potential investors. This can be achieved by adopting steps to ensure the safety and security of the investors fund. For example the adoption of smart card based hardware and wallets which are very secured that let you have total control of your coins, even in the unlikely event that the exchange go bust.
Great comment contributions: I enjoyed reading your point of view about the problems.
If virtually all the ICO end up with real life project not just a project in the whitepaper it will help to burst the lifespan of cryptocurrencies and the value.
This my third reply and I would quote another problem: Current crypto exchanges lack security for investor fund. There were many cases where dishonest crypto exchanges disappeared with funds of traders and investors. The crypto exchanges would have do more to eradicate the skepticism of the potential investors. This can be achieved by adopting steps to ensure the safety and security of the investors fund. For example the adoption of smart card based hardware and wallets which are very secured that let you have total control of your coins, even in the unlikely event that the exchange go bust.
This is my second reply and it deals on another problem: lack of liquidity. The lack of it make it hard for traders and investors to exit the market at profitable price. Very often the players have to change their prices many times and wait for their orders to be filled. Hence many traders felt trapped in the market beyond the timing of their exit signal. The lack of liquidity also the main reason for massive price swing when more traders trade in the same direction. One of viable solution to this problem is to get the crypto community to participate and support the growth and development of FUTURE markets. These markets allow traders to SHORT sell the coins held by investors ,thus increases the crypto trade volume which would in turn moderate the price volatility.
In my opinion, the crypto market cap is suffering because the general public are not entering the market and embracing blockchain.
Ray Kroc, the founder of McDonald’s gave hamburgers and french fries to the masses using a PHYSICAL PRESENCE.
Bitcoin has more presence than other coins and is therefore number 1.
There is a coin that has a physical rebranding concept and the coin is in its infancy. The coins business model has its merits. People participated in their free ICO and now people are starting to buy the coin based on the vision.
As a part of the www.bitcoinfuji.com team I can tell you we are extremely dedicated and the ecosystem is paramount.
Rebranding includes products, retail businesses, building naming rights,etc. The Asian markets are ripe for this and more receptive than Western markets. It’s all about getting a name in front of people and having an ecosystem that is uncomplicated and appealing to everyday people. Take a look! Thank you for your time.
But..the lack of physical presence is one of the advantages of cryptocurrencies, doesn't it? Ray Kroc, the founder of McDonald’s gave hamburgers and french fries to the masses using a PHYSICAL PRESENCE.
Bitcoin has more presence than other coins and is therefore number 1.
There is a coin that has a physical rebranding concept and the coin is in its infancy. The coins business model has its merits. People participated in their free ICO and now people are starting to buy the coin based on the vision.
As a part of the www.bitcoinfuji.com team I can tell you we are extremely dedicated and the ecosystem is paramount.
Rebranding includes products, retail businesses, building naming rights,etc. The Asian markets are ripe for this and more receptive than Western markets. It’s all about getting a name in front of people and having an ecosystem that is uncomplicated and appealing to everyday people. Take a look! Thank you for your time.
The crypto is facing many problems which have to be solved before it can move further. I would quote one here : The lack of regulations to engender market manipulation. The crypto exchanges are currently operating in uncharted area where regulations guiding their operations are non existing. The lack of regulations to ensure security, verifiability and fairness is the main reason that keep institutions out of the crypto market. Without the participation of the institutional players and its corresponding trading volume, make it hard for crypto currencies to break the liquidity barrier. The solution might lies in the adoption of a hybrid exchange platform which will neutralize front-running crypto trades and ensure transparency, inalterability and temporality of order book to provide all market players a level playing field .
The first problem that cryptocurrency encounters at some stage of its life path is scaling. Number of transactions increased, channel bandwidth limited and unstable. As a result, money from the owner's wallet can "hang" in space for several days, and large transactions are forced to queue up to complete the transaction.
From a technical point of view, no one and no regulator regulator can use cryptocurrency. However, parties can easily finance websites, flows, enforces logical transactions and so on. Whose position will ultimately be stronger? Only time will be able to answer it. And this works for cryptographic sake, which grows daily because of Investors and the awakening awareness of the public. Hand in hand, financiers are tired of new things in the world of traditional money.
From a technical point of view, no one and no regulator regulator can use cryptocurrency. However, parties can easily finance websites, flows, enforces logical transactions and so on. Whose position will ultimately be stronger? Only time will be able to answer it. And this works for cryptographic sake, which grows daily because of Investors and the awakening awareness of the public. Hand in hand, financiers are tired of new things in the world of traditional money.
A good quality post
I think the problem is that ICO, new projects, people with no knowledge. Everything is very new so there is an unpredictability in the market which also causes institutional investors not to enter in market right now.
Sequoia Capital invested in Filecoin through the ICO. So if we will see good projects institutional investors will definitely take part in.
Crypto do not accept in some countries, and Bitcoin prices are always up and down, so there is some problem in crypto.
There are fewer knowledge about Bitcoin in different countries. This is the main problem in crypto.
There are fewer knowledge about Bitcoin in different countries. This is the main problem in crypto.
The main problem in crypto is when somebody think that any country can cause problems for Bitcoin
Countries may allow it, legalize, or may not - no matter, Bitcoin will remain Bitcoin. Just many people think that ban in some countries is the reason for bitcoin to be not accepted by people all over the world...
I dont understand people who click "sell" button and replace their bitcoins with dollars. I really dont
people's understanding of crypto is still very minimal, for example when I educate them about crypto and other things like trading, mining and investment in ico to the people and family, the average of them do not understand and I am even accused of gambling, they also considered the work to be absurd. but I realize that internet access in my area is not evenly shared by the people, I am always patient to respond to their ridicule and hope someday they will be aware and able to open their minds about crypto, especially the technology it uses, namely Blockchain.
I faced similar issue when I tried to educate my friends and relatives about crypto but sometime later I showed them my return and they were very keen of investing. Best you can do is invest some amount of money on their behalf and let them have the private key for it. When price rises they would wanna use it themselves.
Very interesting, you have the right to promote and introduce bitcoifuji to us, I hear fuji bitcoin is the original bitcoin. Is it true ?
I have not seen the prospect of fuji bitcoin, but people need the convenience of transactions. and society needs maximum service.
So the problem lies in public knowledge about crypto and also investors who do not want to see market developments.
I have not seen the prospect of fuji bitcoin, but people need the convenience of transactions. and society needs maximum service.
So the problem lies in public knowledge about crypto and also investors who do not want to see market developments.
problem of cryptocurrency is there so many useless coins produce, easy to manipulate the price, used for illegal activities, no regulations, and some are not user-friendly . Since crypto is only on adaption phase this problems must be solve to be easily adapt by the massess.
The following are some of the problems with Cryptos:
(1) Price Manipulation
(2) Pump and Dump ICO Schemes
(3) The Activities of Cybercriminals
(4) Lack of Price Uniformity
(5) Transaction Delays - in some trading areas, before can withdraw, you have to
go through some cumbersome verification
(1) Price Manipulation
(2) Pump and Dump ICO Schemes
(3) The Activities of Cybercriminals
(4) Lack of Price Uniformity
(5) Transaction Delays - in some trading areas, before can withdraw, you have to
go through some cumbersome verification
I think the only problem here are scam like they use crypto and the volatile price of it but still there's a lot of way to avoid bad things here like we can use 2fa in every wallet that we use here to avoid scam and the volatile price also is one of the way to earn here so there's a positive and negative about it,Moreover always try everything here and if you experience bad try to think to avoid that then move forward.
In my opinion, the crypto market cap is suffering because the general public are not entering the market and embracing blockchain.
Another promotion of coin? I expect that in 5-10 years crypto will become more popular among general public and market cap will rise dramatically. I can't say that now it is suffering, look at the last year, capitalisation made 10XSome people hurry a lot to take some profit. In 5-10 years all this can explode in all directions, and last year is just an example how can all that look in eyes of an observer when market is going x10. I highlighted most important from OP, he is not right in his first sentence, everyone is coming in blockchain just slowly, maybe its not the speed that we would like to see, but war is out there I think, to embrace future or to stay with traditional economy. Many people are old fashioned and they don`t like new things, thats why its going slowly but its important that its going.
In my opinion, the crypto market cap is suffering because the general public are not entering the market and embracing blockchain.
It is true. It takes time. But we always have to ask ourselves what we can do on our side. I think that improving scalability, user-friendliness and security are the key points here. People will react to news, adoption is news and adoption will never happen without those three things dealt with first.Marketing can help and short-term they it create more than the technicalities can, but to be successful in a long run, technical stuff must be dealt with first.
I just finished with comment but you were faster. I added you cause I wish to show how many people thinks the same here, and how much we are convinced that this is going sometimes fast like last year, sometimes its slow like 2015, I think in future we will see slower years, but we will see faster ones, who is here a long time knows that bitcoin can do it.
In my opinion, the crypto market cap is suffering because the general public are not entering the market and embracing blockchain.
In my opinion, the crypto market cap is suffering because the general public are not entering the market and embracing blockchain.
It is true. It takes time. But we always have to ask ourselves what we can do on our side. I think that improving scalability, user-friendliness and security are the key points here. People will react to news, adoption is news and adoption will never happen without those three things dealt with first.
Marketing can help and short-term they it create more than the technicalities can, but to be successful in a long run, technical stuff must be dealt with first.
There are many problems in Cryptos due to increasing number of shit coins in the market. These coins that should not exist have to be pull out in the market in order to maintain good reputation of crypto. This will help the Market to attract more investors and get the support from the government of each country. From what I read there are a lot of investors that were scammed by these shit coins. So there are many countries like America banned Crypto because many of their people suffer from great loss due to investing in such coins. In order to prevent this to spread further the government of America banned crypto in the Market. And this become one of the great problem that arise in the bloc chain.
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