Topic: What cryptocurrency needs most nowadays (Read 611 times)

Indeed, some kind of regulation is mandatory in order to block the appearance of so many scam ICOs.

This will raise crypto's good reputation and credibility, factors of paramount importance for crypto to be widely accepted.

The two leading currencies are BTC and ETH. They are the most necessary coin on the market, so we can buy and hold them during this time. Prices will rise sharply at the end of the year.

Regulation is somewhat needed by crypto's right now since there are so many scam coins existing since anyone could able to create a token out of erc20 contract and government should hold that one since those are critical areas which could lead us to be more safer if government will enter the ICO's scene. I also believe that bigger markets could create a big noise so no wonder the more growth will came the more people and government pursue to get on the crypto space.

Stability and regulations

Yes, no currency can beat Bitcoin in the current market situation. Bitcoin has a well-developed platform and has a lot of influence on other currencies, which in the future could be expected to take over the market and gain more interest from many.

Identity will only be restricted to exchanges and it does not change the idea that decentralization brings. Yes, most of the exchanges we have had now have been centralized in nature and this is where I see so many decentralized exchanges coming up in the long run as we get to see some good ones that would become more used than centralized.

Regulation is not a bad thing anyway as that should help growth and create peaceful and sane environment for investors. But it usually treated by most of crypto users as an non-acceptable concept against decentralization. Only time may tech us that we may need regulations are not.

I purely agree on the fact of regulation and that would really usher in some good level of growth in the community. Also, it would obviously affect a lot of coins and tokens that came into the system as pure scams and it would end up being more like cleaning the space.

I believe with this, it would ensure a matured market and with bigger players and institutions setting into the space, we all know the space is not going to keep being what it has always been in the past and that is really good for growth as far as I am concerned.

The crypto market needs global acceptance and awareness among general public which will automatically leads to price pumps. The government regulations and support is also needed for its fast growth because people fear that they might lose their money if governments take some legal steps against it. Else more technical developments and obstacles like fees should be removed and then we will see crypto very ahead..

I think digital cryptocurrency needs government support most!
If the government prohibits digital cryptocurrencies, digital encryption is difficult to develop!
This is the biggest weakness of digital cryptocurrency!
The main contradiction between decentralization and centralization!

I think what we need to do in this stage of cipher is to develop our own community. Only if the development of the community is stronger, will it be accepted by more people, and it will also be accepted by more countries and industries.

Cryptocurrency needs investors that are good for long term and not just investor that are faking that they are for the technology but in the reality, they are just for the money of making profit in the short term so for me, it is best for the cryptocurrency to have investors that are real and good for long term so we will see more progressive cryptocurrency rather than a volatile and more likely manipulated.

If the investor is not considering bitcoin an option for spending money on, which is a very fatal mistake, then I would also support the idea of diversification or holding more than 2 or 3 coins. However, for a person who understands bitcoin and its future, I can guarantee he would only invest in here. This is the only asset that can make a person millionaire with smallest investments and shortest time possible.

I have really never seen a new investor who has never come into the crypto world first without bitcoin being the first digital currency they must have heard of but apparently saw some other opportunities and decided to invest in them as well.

We are actually getting to that stage where cryptocurrency will get regulated and we may see some little bit of support from the government to ensure a good growth phase. Looking at how the bigger players have been showing interest though, I am sure cryptocurrency space is gradually hitting that level.

I think we should not stick with one or two coins. Also we should not stick with our favorite coins. There are many coins in the market and many of them has good potential. The best thing we can do is to divide our investments in all the good coins, so that in case few of them fail, we still get good profit from the remaining  coins.

I do not think this is a good idea, people like bitcoins it is very anonymous. Most of the exchanges already take your KYC if you make bigger deposits.

Given the rapid growth of the market this and last week, we can expect some correction, or at least consolidation within the next couple of days

Decentralized network that what it is all about but what needed most is acceptance so that the technology of blockchain can be fully released. Conducting businesses transactions in a decentralized form,that gives everyone a finical freedom

Cryptocurrency can not be separated from the innovation and advancement of digital technology that can not be dammed and increasingly affect the lives of modern humans.

Actually we know about different crypto and pros and cons. TOP one crypto (Bitcoin) limited supply is about to get a bit more limited but still there's a lot of variability in the process thus there will always be plenty of bitcoin to  go around. Most cryptocurrency needs now a days is  a detailed explanation of the supply and digital scarcity.

Crypto trading/investing/mining needs to build up a a reputation of legitimacy, honesty and transparency.

The huge number of ICO scams are causing major damage to this activity. We need to stop this!

It will certainly increase the users but is in contrast to the vision of developers. They wanted the transactions to be anonymous to make it difficult for bank to trace it.

In my particular country I thing we need more and deeper understanding of how cryptocurrencies are operating

Cryptocurrencies already been increasingly  becoming popular due to its more usage and functionality. In terms of security, since our assets are in the digital wallet, we can't fully can guarantee that it is 100% safe and I think that should be what the programmers/developers should focused. In terms of growth, well, we already know that we can really can gain huge amount of money if we invest it in long-term basis. I can only guarantee the top 5 coins.

Without any doubt, this is the most prior thing we need for cryptocurrency these days i.e. Government support and media supporting rather than degrading its image in front of newbies which makes them more afraid and away from cryptocurrency. Media creates an image which portrays bitcoin as illegal way of investment or used for money laundering.

News like  https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/ralphjennings/2018/04/26/china-is-tightening-its-grip-on-cryptocurrency-to-promote-rather-than-purge-it/&refURL=https://www.google.co.in/&referrer=https://www.google.co.in/

further ignite the topic, I think government should help the market to grow rather than trying to demolishing as it will be a useless step.

legality of the government and also positive news from media and world leaders. because crypto is currently in need of a lot of support when prices are falling.

There is nothing to deny about this thing that banks are quite threatened by the crypto currencies and that they can really see their future getting in dark because of the reason that most of the people are shifting towards crypto currencies and that they are not keeping their money into the banks and we can really hope that the crypto currencies can lead the world in a better way.

There are many things that are required by cryptocurrencies nowadays if they want to grow in this existing volatile market like recognization by people on mass scale which will boost demand and prices of coin.Other things are security,indentification of investors to prevent fraud.Most likely as said above the funds to be secured on wallets and exchanges which are owned by group of persons which might turn down all you money within seconds.So for growth of this crypto market we need a lot things for which we need time.

Obviously government at some point or the other will just have to show that support but we cannot expect some full support and the highest level of support we can ever get is the whole thing with regulation which is apparent they would want to make use of to benefit them-selves in the long run.

The stage we never planned for is where we are getting at and this is because human nature itself cannot be controlled no matter how good the idea of decentralization sounds. Scammers, greedy investors, gullible ones, are already taking up the space and ruining the whole idea, but let's see how regulation is going to end up playing out in all these.

Right, and the more reason for the regulations from the governments and other popular platforms like facebook and twitter. These bodies fear that crypto mislead people due to the anonymity in crypto. Once a proper identification system is built, the interest of the governments will be geared towards crypto and from there, crypto can easily enter the real world as envisioned.

Central banks and governments are feeling threatened by the rise of crypto assets. The banks are losing investors and trading fees, the governments are loosing taxes. It won't be easy, specially with all the scams and criminal activities which are using crypto to make a profit.

According to me, all that cryptocurrencies need is the support from the government and countries. The negative attitude of the government towards cryptocurrencies is the major hindrance in development of the cryptocurrencies. Also, there are many loopholes in the crypto market like security issues. But these problems can also be fixed easily with the supportS of government.

The only thing which can help the entire crypto market in much better way is none other than that of the increase in the demand of the crypto coins in the international market and that can only happen when the awareness rate of the crypto coins will be increased in the international market. You need to make more people aware of the crypto coins so that they should also start investing their money into it.

You seriously want more government intervention? While I do want more investors to enter the market, I don't see why we need government support. They had their chance to support the cause for the first 7-8 years but they didn't. The only reason they are "supporting" crypto now is because their greedy butts see opportunity to make some money. Nothing new and we should have expected it but nonetheless I don't for a second think we should have more government intervention, they will only make things worse. Worse of all the laws they implement are already obsolete, which makes their invention utterly futile.

I believe that it is the time when we should retrospect over selves and focus on it as a currency but unfortunately most of us are busy in using it as a speculation instrument. I am not against it but the core of crypto is all about transferring values from one point to another and we are not focusing on it. This is the fact that we are still in the development phase and we have a long way to go but we need to put our first step as a mass user base with that intention to make that happen.

I think cryptocurrency needs the government's support most!

Benign regulation can prevent hackers and fraudsters from exploiting the dispersion of cryptocurrencies and using it to commit crimes.

A good investment environment will bring more investors to the cryptocurrency market.

I don't think the proper identity needed to use crypto currencies then what is the use of decentralized it is almost like old and more worse than the fiat money system.So we don't need identity if we have then people may think that then what is the difference between currency and new and why we need to move to a new system.But governments are really scared of economical crisis not the terrorist activities that is the reason they are banning crypto currencies.

Probably that will be the best thing that are needed in cryptocurrency which is the proper identity and can be additional to this is to have a much suite and much better regulations therefore it cannot easily using by some worst people in their illegal transactions. As we known that there are a lot of news that regards to crypto involvement that's why some other peoplpe are afraid or hesitate to have an involvement in crypto world and maybe the reason why some government are really banned it in their respective countries.

I think there are many of them and buying only one of few of them would be a mistake. Also it depends on the level of the experience you have in the crypto investment. If you are not that much experienced, then you’d better start with something more classic, like bitcoin, ethereum, neo might be considered.If you want to make it more interesting, consider participating in the ICO in this case. Follow several channels for the review, consider different projects and then invest.

This is the irony in cryptocurrency. We are promoting decentralization in coins but we are using centralized exchange. The goodness of having a decentralized exchange is to secure from the attempting by the owners to steal our exchanges. That's why, it is not advisable to keep your coins at centralized exchange. More over, a lot of decentralized exchange are existing right now. I oftentimes update all ICO that is related in exchange because I know someday, centralized exchange will gone and it will change by Dex.

I support you, too. Bitcoin should not be allowed to cease to be a confidential currency. If someone is afraid of scammers will be possible to organize a transit server, which will freeze the funds until you confirm the transaction. But it will be a separate business that has nothing to do with the General rules of bitcoin.

Bitcoin and altcoins are working in the first one but the second point that you have raised here, is very important but difficult to achieve too. Due to the performance that bitcoin gave last year, it has attracted investors like bees. Same goes for the scammers. They know that people are getting interested into digital coins and started laying traps already. Scamming has become a pain in the neck now.

What are major crypto currencies mate. There is nothing you have mentioned here bro, For mass adoption bitcoin and ethereuum are right so far. There are certain coins after these have few volume when compare with btc and eth coins.

If you are good at analyzing the project, no one able to scam you at all.
You need to the see the review for the website whatever it is and then only go with it. Blind belief will not work in the bitcoin investment or projects.

how did you say that?identity verifications wasnt need this and its against the law of cryptocurrency,were here because of privacy,this anonymity is why the investors attracted to be here because they are tired of banking system.and now youre telling us to have identity verification

There have been many previous attempts to make decentralized exchanges but the ideas were great and they also got the funding the exchanges also launched, but those exchanges didn't got much attention, so trading wasn't possible on those exchanges as there were sellers present there but the exchanges lacked buyers as most of the people are happy with centralized exchanges like bittrex, Poloniex, kraken etc. But I wish good luck to the project in the crowdsale and I hope the project is a success as decentralized exchange is the need of the hour as a lot of exchanges are being hacked due to someone else's errors and we are losing our money in the process.

True, the coin needs decentralised exchanges but the coins also need acceptance. As currently the coins are getting banned from some major countries like China, Nepal, India; it has a major impact on the coin's market capital. Also, ban on bitcoin affects other coins as well because it is the pioneer of all the cryptos. Ban also makes the transactions illegal.
It prevents the coins from achieving their major goal, that is a digital cashless society.

There are many things needed to manage well nowadays in this fast running world and few of them are like Decentralized exchanges which I see a major need int his cryptocurrency market because there are only a few big exchanges like Bittrex, Binance which i think feels like are having heavy loaded servers and it needs to manage well with caution and care.Apart from these i also think there is lack of knowledge about cryptocurrency and it needs to be solved soon timely.

I believe two major things crypto needs now are mass adoption and institution of reputation (in order to minimize the damage from scammers).

What crypto desperately needs right now is credibility!

The huge number of ICO scams delivered a massive blow to the already feeble reputation of the entire crypto market.

Decentralized exchanges are a nice idea, but first we must find some kind of compliance mechanism that will prevent all those shit coins from entering the market and scamming a lot of people.

That is absolutely fine. Yes decentralization is the best tool to check out the centralization power of an individual. Crypto currencies are decentralized and this is considered as best characteristics for them to be handled by some miners who are remotely controlling them. Centralization have so many problems but this decentralization have covered most of them for us.

Do you like governments getting involved with blockchain? Could be good for blockchain to become more legit, but we know governments are also very good at messing things up sometimes...
https://coincodex.com/article/1514/22-european-countries-form-blockchain-partnership/

Maybe more advertisement so we will have more retailers that will accept Bitcoin. Hope it will reach on public transport here in the Philippines and accept Bitcoin for transportation. By doing that it will lessen who carry fiat in the streets and it lower the robbery crimes in the streets here. Just a thought.

I think cryptocurrency needs to be accepted as a real currency on a governmental level

Most cryptocurrencies just need good support and loyal investors for the projects to grow. If there is no support then the coin dies because then it no longer has any value if no one is buying it.

If indeed it's more well responded till being supported, surely whatever anything shortcomings on it., it will be assisted or more supported by certain people or certain parties. And well for me this point is related to the acceptance of crypto in various countries governments till can be able to direct it on the things that are more of a build up over its development from time to time.

This is good but the hackers and scammers are taking the advantages of the decentralization nature of cryptocurrrencies and they are using it to commit crime. A centralized system always helps in resolved most of the issues since some of them has started using kyc.

Yes, centralization of exchanges is a huge problem for bitcoin right now.

I have no idea how decentralization of exchanges can occur effectively without the same fate as current decentralized exchanges which essentially have close to 0 volume, and very limited trading pairs(usually limited to native tokens, etc.). But as regulations tighten, either decentralized exchanges or P2P trading will start gaining relevance as centralized exchanges just don't work anymore with these tightened regulations.

But that's not the only thing BTC needs. I think what we should really see and need right now is a growth in the amount of merchants accepting bitcoin, so that BTC is not considered as just a speculative token.

There are already some decentralized exchanges, but they aren't popular at this moment, maybe because they are young yet or because people are very confortable with their operations at centralized exchanges. I think it's upon to each one to choose what is better for them, a centralized or decentralized platform. The important is to have different options to choose and to try. I believe what Crypto-Currency needs the most is to continue being developed technologically.


Decentralization makes this possible not only for an exchange, but for anyone who manages to accumulate such amounts of the total supply. The pure decentralization is an utopia. Decentralization can be the perfect tool to achieve the centralization by some individuals.

I definitely agree that we need all that, places where people can spend their coins directly, merchants accepting crypto without looking for payment processors, etc. But how are we going to get there? Bitcoin has been widely known for at least 5 years, since the Mt.Gox times. And did we get any further from there? You can't force Bitcoin's use in the economy. With that said, truly decentralized exchanges or rather wallets which provide the decentralized exchange features may be a small step in the right direction, which we should make quite a few till we get where we want to be.

 It’s a fact that there is a long road ahead and many problems to be fixed. Nevertheless, there are a lot of experienced people who are working hard to solve them and come up with new innovative upgrades.
In 2017, cryptocurrency exchanges saw a flood of new users some even struggled with the large volumes of incoming adopters. Currently there are a lot of projects that are developing “decentralized exchanges”. The concept behind them is a software that users can use to trade cryptocurrencies with one another, without the need for a central entity.

Decentralized exchanges and anonymity coins are at the top of my list when it comes to what we need right now, anonymity coins are needed because even if bitcoin is great we need a way to transact money online without everyone finding out in what we spend our coins and decentralized exchanges are needed as well since I want to be able to buy other coins without having to rely on a centralized exchange that asks for all kind of information that I do not want to give to them.

Yes, you're right. Adoption and support from the government in all countries is what crypto needed most. It gives confidence to many investors and users to trust more and more in crypto-currency like bitcoin. The more adoptions made, the more people would like to invest in crypto or bitcoin.

In my opinion, decentralized exchanges, decentralized data, smart contracts are the tendency for coin to become the most popular. And also the most competitive because I realize most of the ico today are focused blockchain handle these issues.

There are loads of decentralised exchanges built on top of the Bitshares, Waves and Ethereum platforms. The problem is that most users don't want to use them (including those who advocate decentralised exchanges).

I don't understand what you refer by confirmation rate but I assume you mean time,so just as an example, recently I've sent a transaction with 3.~something satoshi per byte and it was picked in the first block.

https://coinb.in/#fees (forget about bitcoinfees, that site is always wrong) says you only need 1 Sat/Byte right now.
That's 1,7 us cents.

Of course even if 10% of people lining up at McDonalds are going to pay with BTC we're going to see again a huge mempool, but till then we're going to have a fix, at that is LN.

Also when speaking of transactions, a lot of them are made to and from exchanges or are just exchanges moving coins from and to cold storage.
Hitbtc was doing that a few weeks ago and I counted about 40tx with 100 outputs.

I think the most needed thing for cryptocurrency is to change the top 10 industries. They include: financial services, retail and consumer goods, government and democracy, energy, advanced education, transport, manufacturing, media and communications, technology, healthcare and resources. Let the blockchain technology be better used by humans.

I fully support your opinion but I really understand that it is impossible now. The bitcoin community has become dependent on miners ' corporations. The basic principle of cryptocurrency has been violated is complete decentralization. Transaction confirmation rate is very low. The price of the transaction makes it impossible to use bitcoin for small purchases. How can bitcoin be used directly in such conditions?

No, we don't need exchanges, centralized or decentralized.
If we're going to really move to a cryptocurrency we must start using cryptos directly.
Right now exchanges have gone far from what they were supposed to be and ended up as a stock market where everything is priced in fiat.

We only need places where people that haven't yet bought coins can buy them, and A LOT of places where people can spend their coins without having to sell them for fiat before.
Current exchanges should have the fate of those exchanges that Europe was full of when we had 15 currencies more.


Define "proper". Some might find your definition of proper identity verification a breach of privacy.

NOW A DAYS CRYPTOCURRENCY NEEDS STABILITY IN THE PRICE SO MORE AND MORE MONEY COMES IN. MANY PERSON IS OUT OF CRYPTO DUE TO ITS HIGH FLUCTUATION OBVIOUSLY . IF THE PRICE BECOME STABLE THEN THEY MAY BE INVEST IN CRYPTO SO THERE IS MORE CHANCE OF MONEY INFLOW IN THE CRYPTO ECOSYSTEM.

I think cryptocurrency needs the government's support most!

Regulation and taxes legalize cryptocurrency, and if the government calls on people to use more encrypted money, the prospects for cryptocurrency are great!

it seems to me that most crypto currencies need social acceptance and understanding. currency does not cost anything without people who believe in it, and many do not trust crypto because they do not understand what it is.

Fast, decentralized, transparent, easy to understanding for common people, and crypto with many opportunities (I mean, that it's not only crypto, but a project, connected with that)

Thank you for your trouble. The cryptos give us freedom all the time. If we want to send money anybody, we can do it very easy, so, we can send without the third person, as much as we want, with little tax and to every point of the world. When we look at the exchanges, I think that the commission they get is enough for them. And cryptos are good when it will be green. 

Criptocurrency needs alot of things  to correct ,  The exchange existing may have cause a lot of people many thing because it is very risky to secure one token  which some may steal from one account

i totally agree because existing centralized exchange are very very risky for all of us. If something happens to on e of the major exchanges like polo or bittrex or binance all of us are going to suffer for so long time because btc will be dumped very strong.

Cryptocurrency needs proper identity verification
It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.

Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges  but no worry we have great dex OAX developing

I may not be Satoshi Nakamoto that’s for sure. I am just another person in this huge industry but I think a lot of people can agree with me and I want to get into the specific details.  There are some things that should get the main focus for a better future of the industry. We all strive for a high-quality technology to make everything easier to use and comfortable in order to approach a bigger audience, the final goal is to let every single person in the world access to the industry, to a valued money; that’s something important and that’s why cryptocurrency (Bitcoin specifically was made). Although the cryptocurrency technology and industry has a huge daily growth that we should really appreciate because a revolution popped out and we should get on the wave. If you are reading my post I guess you are already on the wave.

So, what is actually cryptocurrency? The cryptocurrency we are talking about is a type of digital currencies but unlike other currencies, this one is using a decentralized control. What does that mean? Unlike USD which controlled by the government how much will be printed and by that controlling its value. Cryptocurrency usually has a maximum limit of supply and for example, Bitcoin has an organic growth pretty much like gold and there’s 21m max supply.
So we can agree no one is actually controlling the cryptocurrencies (most of them) and there’s a limit supply, even Satoshi Nakamoto has no control over Bitcoin. There will be 21,000,000 bitcoins and no one can do anything about it. All those millions of bitcoins decentralized all around the world and they are all relied on a decentralized blockchain that is running on many computers all around the world and making it updated every second.
So decentralization, that is something that should be appreciated; that is most important in my opinion. We, millions if not billions of people own the currency and not corporations, government or banks and that thing is priceless.

So that’s why I decided to write this post. We are talking about decentralization but there’s a problem that prevents us from a pure decentralization. What is it? Exchanges!
Only Bitfinex hold 1% of the Bitcoin’s supply which is way too much, instead of decentralization we see a centralization over here. By doing that we are giving too much power to the exchanges, if your money is stored in exchanges you practically own nothing, because no key is under your ownership and that’s a big problem. Big exchanges were hacked and a huge amount of money was stolen, things like that can happen all the time and that’s something the cryptocurrency should focus first, decentralized exchanges should be in the first priority in my opinion.

What is a decentralized exchange?
(Paragraph copyrights belong to CryptoCompare)

https://www.youtube.com/watch?v=l8XNRTfPgZI

The CEO of Binance, Zhao ChengPeng talks about his vision for the future of the cryptocurrency. I recommend you to watch this video, a lot of essential stuff. CZ mentioned interesting stuff, none of the current decentralized exchanges can survive such a big scale, enough to become a big exchange with millions of users. That’s a big issue, as I said ‘top priority’ in my opinion. Anyway, Zheo ChengPang already stated once there will be a proper candidate they will string to become a decentralized exchange which it’s perfect to know; the hope is that it won’t take too long.
So why not decentralized exchanges? Why is it not in the first priority? First of all, there’s not a proper blockchain enough according to CZ’s words and also it is not profitable enough for most of the exchanges unless you are a really big exchange which is still profitable but not like a centralized exchange.

Anyway, so my say is that big decentralized exchanges with proper pairs are missing. And every cryptocurrency holder should strive to hold his own keys even in exchanges (that’s what decentralized exchanges for) for a maximum safety because safety is above everything. For now, I suggest you hold your cryptocurrency in your own private keys, most recommended is Ledger Nano S but not the only alternative so you don’t have to pay for an alternative.
I’m wishing you and the cryptocurrency industry the best and we are all hoping for a better technology this year