My buiggest concern is that I don't have enough, and I may not be able to build my holding before the next bull run.
People have been reporting my posts for the exact same level of sarcasm! Which it probably isn't, right?
Topic: Top 5 Concerns About Bitcoin ? - page 6. (Read 19261 times)
People have been reporting my posts for the exact same level of sarcasm! Which it probably isn't, right?
in my opinion, public adoption of crypto, today, we see the spread, investment and crypto trading volume getting better, many big companies, and world leaders who start to care about crypto.
so, we don't worry about adoption, because we will see positive improvements in the future.
so, we don't worry about adoption, because we will see positive improvements in the future.
The most important concern is volatility, I think. Because people buy crypto in order to make a profit, but there is a risk that the coin may not meet expectations. Also of great concern is the loss of their funds. I try to apply different degrees of security to my assets, but there is still concern.
Just like to ask everyone out there. What are your top 5 Concerns regarding more less Cryptocurrency? not just Bitcoin in General. But more in the whole area of Cryptocurrency?
This could from regulation? Adoption? uses?
What would be your main concerns and thoughts about cryptocurrency?
That's an interesting question and thread have got some really good responses. My top concerns are as followsThis could from regulation? Adoption? uses?
What would be your main concerns and thoughts about cryptocurrency?
1) What if governments want to kill bitcoin from the root? Like arresting the core developers and deleting all the open source repos?
2) What if people stop contributing to bitcoin?
3) Will lightening network ever have any commercial applications?
4) What is the next big thing in the crypto revolution after the ICO crap?
according to me about crypto this is amazing, crypto provides sophisticated technology where everything can be done quickly and easily, in just seconds it can be sent easily.and in my opinion today is anything that can happen.
I think that most people worry that btc is not stable but dollar is also not stable. I think that all currencies are volatile and we need to accept this. I think that btc is the best coin and we can easily use it for any needs
1.Enhanced security. If bitcoin wants to become an analogue of a conventional currency (a means of exchange and a measure of value), it is necessary to create a more convenient and secure infrastructure for the user.
2.Price stabilization. For bitcoin to become a viable currency, it is necessary to stabilize the price with the help of Protocol improvements. If bitcoin (or its fork) is to be used for everyday transactions, a stability mechanism is needed. People need to be sure that bought today for $2 coffee tomorrow will not cost $50.
3.Institutional investment. To reach new highs, cryptocurrency needs a lot of money.
4.Regulation of exchanges and exchange offices. If investors are confident that the trading platforms are regulated and asset protection is improved, the inflow of funds will be more active.
5.Cryptocurrency exchange-traded funds. Such funds will help to simplify trading through brokerage accounts and will help to increase the price and popularity of digital currencies.
2.Price stabilization. For bitcoin to become a viable currency, it is necessary to stabilize the price with the help of Protocol improvements. If bitcoin (or its fork) is to be used for everyday transactions, a stability mechanism is needed. People need to be sure that bought today for $2 coffee tomorrow will not cost $50.
3.Institutional investment. To reach new highs, cryptocurrency needs a lot of money.
4.Regulation of exchanges and exchange offices. If investors are confident that the trading platforms are regulated and asset protection is improved, the inflow of funds will be more active.
5.Cryptocurrency exchange-traded funds. Such funds will help to simplify trading through brokerage accounts and will help to increase the price and popularity of digital currencies.
Anormous Electricity usage is one of the biggest problem for mining bitcoin. The cost is different in every country but the usage is scary. My second concern is the scamming, i wish no one have to face the scamming because it is something not pleasant. I am also afraid for the bubble think, one day when i wake up i don't want to see the bitcoin fade.
i think bitcoin is a weakness at the customer support and the sensitive with the phishing website, so the user need to care about the phishing website and i think you should checking twice before sending the bitcoin
Many are worried about security, every new investor is afraid of regulations and hacking about accounts and ICO. This is a lot of doubts to be able to develop, but what must be done is to still have trust and positive thinking.
I think the concern about cryptocurrency market is too many different coin and token with similiar project. Sometimes its good to create a competition but sometimes its confuising new investor. Beside that the concern about crypto market is on regulation, hopely there is a regulation that regulate ICOs because many scam ICOs around market
My concern is that there has not arising a coin that it's price is independent of bitcoin swings. Another concern is that people are easily tuned via media propaganda to have a change of decision towards bitcoin and other cryptocurrency. And lastly, when will bitcoin be free from intimidation?
real world use cases would be #1
in fact this one is so large as to trump all the other by a large margin
lightning development is progressing very well and hopefully will be in use within the next 2-3 years on a large scale where you can buy all kinds of random things. use it on amazon, ebay etc. low cost true digital cash. the other thing is an easy use case. ideally banks would be able to function like exchanges. if you have $5000 in your checking a simple button click could convert xx dollars to btc and from there you could send it on chain or via lightning to the destination. companies like western union have no place even existing if the world actually realized how bitcoin worked...however, values probably need to stabilize and that would mean an end to these 80+ % boom and bust cycles we keep having. maybe we can get some stability on the next run higher?
other things i would like to see in no real order
2. the death of bcash.
3. better custody solutions for the average person.
4. bad actors / scammers pushed from the space, hunted down etc
5. an established solution with gov regulators that will allow the industry to push aside worries about intervention
in fact this one is so large as to trump all the other by a large margin
lightning development is progressing very well and hopefully will be in use within the next 2-3 years on a large scale where you can buy all kinds of random things. use it on amazon, ebay etc. low cost true digital cash. the other thing is an easy use case. ideally banks would be able to function like exchanges. if you have $5000 in your checking a simple button click could convert xx dollars to btc and from there you could send it on chain or via lightning to the destination. companies like western union have no place even existing if the world actually realized how bitcoin worked...however, values probably need to stabilize and that would mean an end to these 80+ % boom and bust cycles we keep having. maybe we can get some stability on the next run higher?
other things i would like to see in no real order
2. the death of bcash.
3. better custody solutions for the average person.
4. bad actors / scammers pushed from the space, hunted down etc
5. an established solution with gov regulators that will allow the industry to push aside worries about intervention
Regulation from different country.
How can a government accepts cryptocurrency if they cant regulate it? how is the future of that country then?
Developers, how sure we are that once the developers tokens s unlock will they keep on the project and not run?
dumping of tokens from the main team.
How can a government accepts cryptocurrency if they cant regulate it? how is the future of that country then?
Developers, how sure we are that once the developers tokens s unlock will they keep on the project and not run?
dumping of tokens from the main team.
My major concerns are: Fear of been hacked; fear of buying shitty coins with my precious BTC; having my bitcoin trapped in an exchange when I needed to have use it for any technical reason whatsoever; Lastly seeing bitcoin dumping in price always shake my heart.
in my opinion, the crime is the main point that makes many other people worry. crime makes FOMO and scared.
the crime by using BTC creates a bad mindset and a bad influence on the spread of BTC.
that is the worst.
the crime by using BTC creates a bad mindset and a bad influence on the spread of BTC.
that is the worst.
I guess my biggest concern (in terms of price going up) is whether or not retail buyers will come back. So many people got burned in the last bubble and I can't help but wonder how long it will take for large numbers of average people to buy crypto again.
I also worry about the timing of the next recession. A recession now wouldn't be so bad since we're still in a bear market. In other words, weak hands have already mostly sold so the price wouldn't drop too dramatically. However, a recession in 2020/2021 or at the beginning of the next bull market or bubble cycle might cut that cycle short.
That being said, I do want to say that I'm not at all worried about whether or not there will be long term price increases or whether another crypto will overtake bitcoin. No one is talking about an ETF for ethereum or ripple.
I also worry about the timing of the next recession. A recession now wouldn't be so bad since we're still in a bear market. In other words, weak hands have already mostly sold so the price wouldn't drop too dramatically. However, a recession in 2020/2021 or at the beginning of the next bull market or bubble cycle might cut that cycle short.
That being said, I do want to say that I'm not at all worried about whether or not there will be long term price increases or whether another crypto will overtake bitcoin. No one is talking about an ETF for ethereum or ripple.
the feared cryptocurrency was hacked because this often happens and almost all bitcoin users are made fearful because hackers don't stand ready...
First of all, I am concerned about no progress of the technology behind Bitcoin. The transaction capacity is low and fees are rather high. The possible concentration of Bitcoins in hands of a group of people able to manipulate the price also worries me. Altcoins, in their turn, have a common problem of following Bitcoin’s patterns. Finally, ICOs suffer from a lack of regulations.
The only concerns about Bitcoin is the bear market and if the exchange where I trade are going to be hacked. I much rely on the exchange to be safer as I do trade most of the time but if its going to be hacked then its not just me who loses money but maybe the rest of the traders who are putting their coins into it. Wallet being hack isn't so much of my concern unless I connect to unsecure connection with an operating system that I don't trust.
Jump to: