what are hurdles for bitcoin based projects/investments - page 2.

CaVO32

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Quote from: hugeblack on April 03, 2019, 12:55:35 PM

The reason for these volatilities is not Bitcoin as a currency but the behavior of those who use it, many use BTC to speculate more than it is a currency. "when was the last time that you pay using cryptos?"
If a lot of regulatory rules have been obtained and the manipulation of platforms has been prevented, it may limit the rigidity of these volatilities.

Until then, these obstacles can be solved by using platforms that accept cryptocurrency on one hand and pay fiat money on the other.

To convince investors that BTC is a tool for speculation, this is a false belief that must be combated.

up until today, most of the users have no confidence about the stability of bitcoin. but yes, it is slowly changing as more regulatory bodies are starting to accept its existence in the market. just to share an update -

https://www.coindesk.com/the-sec-just-released-its-crypto-token-guidance

so this is a good boost for crypto. they are slowly changing their stance in crypto. because no matter what, even without them, crypto keeps on surviving and fighting its way in the market.

hugeblack

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The reason for these volatilities is not Bitcoin as a currency but the behavior of those who use it, many use BTC to speculate more than it is a currency. "when was the last time that you pay using cryptos?"
If a lot of regulatory rules have been obtained and the manipulation of platforms has been prevented, it may limit the rigidity of these volatilities.

Until then, these obstacles can be solved by using platforms that accept cryptocurrency on one hand and pay fiat money on the other.

To convince investors that BTC is a tool for speculation, this is a false belief that must be combated.

harizen

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Quote from: lordquanta on April 03, 2019, 10:10:39 AM

How difficult it has became to convince investors to put their money in bitcoin or alt-crypto based project?

Project establishers, owners or someone that will open up an crypto based project that isn't really associated or fit with cryptos will really have to think outside the box how they can attract or convince investors to put money on them. The difficulty is high because they must put all details about how will crypto collaborates to their proposed projects or doesn't even make sense to associate crypto with their business. The difficulty got even more worst because of 2018 crypto market situation erasing views about easy money scheme that built up during 2017 bitcoin road to ATH run.

To deal on that, they really need to be aggressive and put up everything on the line at any cost. Risky after all because there is no assurance that they will achieved a positive output.

gantez

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I also pick volatility as the first that I consider as hurdles for somebody trying to invest in bitcoin and in fact, cryptocurrency as a whole. I have heard of people who just can't invest in bitcoin because to them, it is reliable and they can only estimate their financial stand with bitcoin because they can open their wallet and so many difference has occurred. Grin

avikz

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Quote from: lordquanta on April 03, 2019, 10:10:39 AM

What is your opinion and observations, about hurdles faced regarding raising funds, by someone who wants to establish business based on bitcoin? How difficult it has became to convince investors to put their money in bitcoin or alt-crypto based project?

It entirely depends on what business is being planned around crypto. If the business plan and the associated team is credible enough, it may not be very difficult to raise funds. Also I believe, if the business plan is solid, then it is easier to approach angle investors or venture capital companies than raising funds from the public. So it entire depends on the business plan and profitability!

dothebeats

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Volatility is certainly one of the greatest hurdles for investors and merchants that want to enter the cryptospace. Although volatility, is one of the greatest hurdles around for newbies and services alike, some do ride the wild ups and downs for profit, which I think wouldn't be disappearing any time sooner since bitcoin is still a great speculative asset and it proves time and time again. Legality of bitcoin and other cryptocurrencies used to be one of those hurdles, though it waned over time due to a lot of positive feedback and approvals from governments.

Beerwizzard

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It doesn't seem to be reasonable to open a new business that would accept only crypto (unless you are opening an exchange and your service is connected to real world) and at the same time crypto wouldn't make a big part of your cash flow if you would accept it along with the other payment methods.
Most of those ICOs that gathered millions are obviously overpriced. From what I see now it is pretty hard to pick a project that would give you a good outcome. Even the ones that look attractive may soon lose their token price.

lordquanta

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Before the second peak bitcoin took the world by storm and suddenly everyone was talking about this new found gold/oil in form of digital crypto currency. The gold rush before that peak such powerful that investments from all over the world was pouring in from all walks of society globally. Unfortunately the correction happened after that peak was so brutal that many lost their hopes towards bitcoin forever. However those who were regular or familiar with the bitcoin world were aware of such volatility and somewhat prepared for it as well. Thus those veteran did not lose their hope. Bitcoin peaked somewhere around 17k USD to 20k USD and now it is somewhere around 3.5k USD - 5k USD. Many investors have lost huge amount of money who were not considering potential loss due to uncertainty.

What is your opinion and observations, about hurdles faced regarding raising funds, by someone who wants to establish business based on bitcoin? How difficult it has became to convince investors to put their money in bitcoin or alt-crypto based project?

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