What is the main problem with the crypto market at the moment?

PowerofYggdrash

jr. member

Activity: 168

Merit: 1

We need to create a simple and user-friendly environment. There is plenty room for improvement.

Quote from: drumamat on April 06, 2019, 03:41:04 PM

Quote from: PowerofYggdrash on December 21, 2018, 10:18:58 AM

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

According to me the answer is simple. People from the general public treats crypto as a new style high risk gambling. They don't take it seriously.
Why?
I think the main reason is the moonboys and Fudsters. According to my experience as an admin (Yggdrash admin, we got over 20400 telegram member..)
unnecessary Fud and also shouting 100x and expecting 100x within weeks also does make lot's of harm to every project.
Also quite often the Fudster people who shout 0 one day next day they will be the moonboys.
This type of behaviour very harmful and misleading for new investors. Also it leads to only many disappointed new investors who will leave the crypto world entirely mainly. This will also hinder any sort of adoption at the end of the day.
As administrators and opinion influencers we should have and we have a responsibility to bring more sanity into the crypto world. What we lack of is sanity and balanced view in the crypto world. A coin either must go to the moon or must go to 0. Come on, this is so ridiculous and predictable. If someone shout fud and say this coin go to 0, this means those people want to get the coin at the cheapest possible price level. If their fud operation was successful, suddenly a week later, new people will appear who will be the classic example to the moonboys. So in Crypto everything can change and turn into upside down only within weeks or less. This is not normal and not really helpful for wider adoption at all.
As an investor since I have invested a lot into Yggdrash and other projects as well of course I believe that my investments will go to moon but it will take years for sure and also the team must deliver and this won't happen due to a magic mushroom. So I think you get what I am saying.

What is your opinion?
I think this is an important topic, and very broad topic as well.

As far as I understand You mean that for a project very badly impact what they say about him around?It is not so.Whatever they say, it does not affect the cryptocurrency from the worst side.Yes, many people like to receive x and principle because of x, many investors came to the world of crypto.At the moment, in my opinion, the cryptocurrency lacks trust from ordinary people and governments.For many, this is unknown and not understandable to the world.

drumamat

sr. member

Activity: 1193

Merit: 251

Quote from: PowerofYggdrash on December 21, 2018, 10:18:58 AM

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

According to me the answer is simple. People from the general public treats crypto as a new style high risk gambling. They don't take it seriously.
Why?
I think the main reason is the moonboys and Fudsters. According to my experience as an admin (Yggdrash admin, we got over 20400 telegram member..)
unnecessary Fud and also shouting 100x and expecting 100x within weeks also does make lot's of harm to every project.
Also quite often the Fudster people who shout 0 one day next day they will be the moonboys.
This type of behaviour very harmful and misleading for new investors. Also it leads to only many disappointed new investors who will leave the crypto world entirely mainly. This will also hinder any sort of adoption at the end of the day.
As administrators and opinion influencers we should have and we have a responsibility to bring more sanity into the crypto world. What we lack of is sanity and balanced view in the crypto world. A coin either must go to the moon or must go to 0. Come on, this is so ridiculous and predictable. If someone shout fud and say this coin go to 0, this means those people want to get the coin at the cheapest possible price level. If their fud operation was successful, suddenly a week later, new people will appear who will be the classic example to the moonboys. So in Crypto everything can change and turn into upside down only within weeks or less. This is not normal and not really helpful for wider adoption at all.
As an investor since I have invested a lot into Yggdrash and other projects as well of course I believe that my investments will go to moon but it will take years for sure and also the team must deliver and this won't happen due to a magic mushroom. So I think you get what I am saying.

What is your opinion?
I think this is an important topic, and very broad topic as well.

As far as I understand You mean that for a project very badly impact what they say about him around?It is not so.Whatever they say, it does not affect the cryptocurrency from the worst side.Yes, many people like to receive x and principle because of x, many investors came to the world of crypto.At the moment, in my opinion, the cryptocurrency lacks trust from ordinary people and governments.For many, this is unknown and not understandable to the world.

bitcoin-shark

hero member

Activity: 3066

Merit: 605

there are various problems the media that give people an incorrect idea about crypto, people who think that crypto are just useful for investments, we need proper information so that everyone can understand the potential of the blockchain, with the market fluctuating we should get used to it, the coins that bring something useful, innovative will succeed anyway...

SiDtHeBeSt

full member

Activity: 420

Merit: 106

The main issue with cryptocurrency or Bitcoin is the main stream media. Whenever I see a news about Crypto media is always pointing to Bitcoin to be a Ponzi scheme and people kind start agreeing to it that's where all the problem originate.

MarioV

hero member

Activity: 2268

Merit: 709

Surely they are very low sales volumes. It is a period of stagnation and as long as someone does not start with a pump, enthusiasm does not return. Nobody invests if he doesn't feel the heartbeat of life. As a counter-proof today someone has made the waters move: will it be the beginning of the true ascent?

Sum24

member

Activity: 448

Merit: 10

Quote from: logicgate on March 31, 2019, 12:50:11 PM

Quote from: Best Dreams on March 30, 2019, 05:34:17 PM

Quote from: ?? on ??

The main problem is that people buy crypto but they don't know what to do with it.

You have mentioned good point , as in short we can say lack of knowledge is the problem that our current market is going through, so that’s why it is very important to know after investing your money into crypto currency what you will have to do with it, according to my knowledge if we will buy at low price then hold until bull runs market will come to the track very soon.

That’s why we are in need to be a part of the journey so that those people who are not having knowledge can take help from our ideas and our posts, the problems is people have become so impatient and they want to make huge amount of profit, so in this kind of situation we should wait for our time to sell until then have patience and wait then there will be no problem.

Real traders and real investors will have to know if they really are interested in making profit they will have to e patient and wait for the right time so they can sell and buy some coin at good price, as buy when the price is low, the problem is lack of knowledge and your suggestion does work in this regard we should spread positive and right information in market so that new investors will not cause problem for market because of wrong decision.

PowerofYggdrash

jr. member

Activity: 168

Merit: 1

As a newbie I did conclude already at 3120$ that was the bottom. Now the experts are still saying that the expert is still to come and will be around 800$. Don't believe it:)

Quote from: Pamadar on April 02, 2019, 08:44:20 AM

Quote from: BeGoods on April 02, 2019, 07:26:50 AM

Quote from: asyakashi on March 25, 2019, 06:10:13 PM

I am a trader, for me every moment is an opportunity to make a profit.
now I prefer to observe altcoins, and keep holding bitcoin to buy some altcoins. trading is very interesting now because bitcoin is still stable.

Some time ago the problem of the bitcoin market was the price of bitcoin which tends to be stable with very small price changes,
but today prices are moving faster and the good news is the prices tend to rise, and the stable price problem has gone!

We can't assume that it was gone already, it's still a testing momentum if the market is ready for the next reversal, the huge pumped can be a good
sign for much awaited bull to come, the only problem might be those people who are easy to fomo but same with being a panic sellers when the market
start to dumped again, just need more assessment and study before concluding.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: BeGoods on April 02, 2019, 07:26:50 AM

Quote from: asyakashi on March 25, 2019, 06:10:13 PM

I am a trader, for me every moment is an opportunity to make a profit.
now I prefer to observe altcoins, and keep holding bitcoin to buy some altcoins. trading is very interesting now because bitcoin is still stable.

Some time ago the problem of the bitcoin market was the price of bitcoin which tends to be stable with very small price changes,
but today prices are moving faster and the good news is the prices tend to rise, and the stable price problem has gone!

We can't assume that it was gone already, it's still a testing momentum if the market is ready for the next reversal, the huge pumped can be a good
sign for much awaited bull to come, the only problem might be those people who are easy to fomo but same with being a panic sellers when the market
start to dumped again, just need more assessment and study before concluding.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: asyakashi on March 25, 2019, 06:10:13 PM

I am a trader, for me every moment is an opportunity to make a profit.
now I prefer to observe altcoins, and keep holding bitcoin to buy some altcoins. trading is very interesting now because bitcoin is still stable.

Some time ago the problem of the bitcoin market was the price of bitcoin which tends to be stable with very small price changes,
but today prices are moving faster and the good news is the prices tend to rise, and the stable price problem has gone!

spydee1522

member

Activity: 378

Merit: 10

One of the major problems with the crypto market of late is that investors are not ready to learn. There are numerous projects hitting the market every time yet not all of them are worth investing in. For investors to avoid losing their investment, they need to learn and do personal research into these projects in order to ascertain the authenticity of the projects.

zorzia

newbie

Activity: 678

Merit: 0

As they say. even with the regulations coming in it will remain like that and the only solution investors must do is to research which projects they support. You won't mind if you know the team can provide. So many projects have been made in the past and if they survived the big crypto winter of 2018 I have strong confidence in full market adoption, so I have invested heavily and taken big risks in my investment decisions

PowerofYggdrash

jr. member

Activity: 168

Merit: 1

Volatility is great once you experience upside volatility so your money grows in a crazy speed.

Quote from: ?? on ??

I think that the major challenges of cryptocurrency in recent times which seem to be a threat to it's mainstream adoption are the issue of price volatility.
This issue of volatility seems to be a turn off for investors who would want to be invested in the market.
Another one is the attitude of the cryptocurrency enthusiasts as noted by the poster.

PowerofYggdrash

jr. member

Activity: 168

Merit: 1

My friend, have you checked the prices recently? Bulls are back Btc is at 4800 almost. 4795$. Bulls are back, now it is clear for the last shorter who are burning their money at the moment. It is unbelievable that I am still a newbie here with my 189 posts:) Joke. If this market will dip below 3120$ than I accept your Bitcointalk ranking. Otherwise rank me higher.

Quote from: lyks15 on April 02, 2019, 04:28:06 AM

I think the main problem with crypto market at the moment is crypto's price and it's every moments down fall. And other one is government and legalization issues. Because of being popular bitcoin and other crypto there are possibility to use as crime accessory like in drugs industry or illegal gambling so if you are investing in bitcoin,government have an hot eye to observe you.

lyks15

full member

Activity: 546

Merit: 100

I think the main problem with crypto market at the moment is crypto's price and it's every moments down fall. And other one is government and legalization issues. Because of being popular bitcoin and other crypto there are possibility to use as crime accessory like in drugs industry or illegal gambling so if you are investing in bitcoin,government have an hot eye to observe you.

PowerofYggdrash

jr. member

Activity: 168

Merit: 1

Scalibilty is a crucial issue. Also data capacity. The creators of Yggdrash kept these issues in mind when they have created Yggdrash.
Through our superb and innovative Side chain/ Branch chain tree structure Yggdrash going to solve our scalability issues.

Yggdrash came up with stable block synchronization through its Block Reassembling Algorithm is inclusive of Akashic Records ( a set of values of all transactions before N blocks), Block Box, (set of blocks containing N blocks in one box) and Original Block ( Blocks of general Blockchain). To guarantee security and integrity for the users, these connective nodes carry out a process to ensure seamless transactions using the Yggdrash platform. Thus the Block Reassembling Algorithm reduces the time required to carry out secure online transactions. This further improves financial efficiency and brings about a fair share of profit to all companies that rely on Yggdrash. This particular blockchain platform uses a protocol that can establish communication between multiple blockchains assuring faster and secure transactions. Yggdrash also assists enterprises to build efficient blockchain platforms to carry out transactions related to business, cryptocurrency, real estate, and the stock market.

Quote from: Ezenwanyi1 on March 30, 2019, 02:14:05 PM

I think the main problem of cryptocurrency is the issue of scalability and high volatility etc.
The high volatile nature could be the reason why the public are loosing interest in the market and some institutional investors see it as a turn off.
It is the reason why mainstream adoption is still a mirage.

logicgate

sr. member

Activity: 994

Merit: 252

Quote from: Best Dreams on March 30, 2019, 05:34:17 PM

Quote from: ?? on ??

The main problem is that people buy crypto but they don't know what to do with it.

You have mentioned good point , as in short we can say lack of knowledge is the problem that our current market is going through, so that’s why it is very important to know after investing your money into crypto currency what you will have to do with it, according to my knowledge if we will buy at low price then hold until bull runs market will come to the track very soon.

That’s why we are in need to be a part of the journey so that those people who are not having knowledge can take help from our ideas and our posts, the problems is people have become so impatient and they want to make huge amount of profit, so in this kind of situation we should wait for our time to sell until then have patience and wait then there will be no problem.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: ?? on ??

The main problem is that people buy crypto but they don't know what to do with it.

You have mentioned good point , as in short we can say lack of knowledge is the problem that our current market is going through, so that’s why it is very important to know after investing your money into crypto currency what you will have to do with it, according to my knowledge if we will buy at low price then hold until bull runs market will come to the track very soon.

Ezenwanyi1

copper member

Activity: 308

Merit: 1

Veil

I think the main problem of cryptocurrency is the issue of scalability and high volatility etc.
The high volatile nature could be the reason why the public are loosing interest in the market and some institutional investors see it as a turn off.
It is the reason why mainstream adoption is still a mirage.

asyakashi

sr. member

Activity: 1918

Merit: 256

Just.bet - Decentralized On-chain Casino

Quote from: fibrolit on March 28, 2019, 12:55:28 PM

The growth of cryptocurrencies in 2017 gave birth to many projects that represented a Frank Scam.A huge number of fraudulent projects have led to a loss of confidence in the cryptocurrency market from ordinary residents who have lost their money. It takes time and government regulation of the ICO to return trust and buyers to the market.

2017 is the best moment, it is the best year for ICO in my opinion.
because ICO grows well, and others only take advantage of the moment to make fake projects and they just want to get money easily.

fibrolit

sr. member

Activity: 784

Merit: 255

The growth of cryptocurrencies in 2017 gave birth to many projects that represented a Frank Scam.A huge number of fraudulent projects have led to a loss of confidence in the cryptocurrency market from ordinary residents who have lost their money. It takes time and government regulation of the ICO to return trust and buyers to the market.

Topic: What is the main problem with the crypto market at the moment? (Read 19753 times)