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Topic: What is the main problem with the crypto market at the moment? - page 3. (Read 19744 times)

full member
Activity: 826
Merit: 111
I think one of the main reasons is the complexity of cryptocurrency processes for ordinary people, from which fear and frivolous attitude is generated, which is detrimental aspects.

I dont think that it has any problem with crypto at this moment. Fluctuation is its nature and yes i feel this is what cryto's strength unlike fiats. Crypto market's growth is just because of the fluctuation and demand to it attracting too many investors.
jr. member
Activity: 168
Merit: 1
True. However I hope I won't be a newbie forever:)

I think one of the main reasons is the complexity of cryptocurrency processes for ordinary people, from which fear and frivolous attitude is generated, which is detrimental aspects.
It may people afraid that once they'll  mistakenly send into wrong address they can't recover it anymore.
In some aspect also that many investors(whales) tried to manipulate the market and create hypes which some of us in here( for newbie) might experience losses which decide to quit in crypto and sell their coins in cheap prices. 
full member
Activity: 700
Merit: 117
I think one of the main reasons is the complexity of cryptocurrency processes for ordinary people, from which fear and frivolous attitude is generated, which is detrimental aspects.
It may people afraid that once they'll  mistakenly send into wrong address they can't recover it anymore.
In some aspect also that many investors(whales) tried to manipulate the market and create hypes which some of us in here( for newbie) might experience losses which decide to quit in crypto and sell their coins in cheap prices. 
jr. member
Activity: 168
Merit: 1

Prices already significantly higher than the bottom was by the way. Learn from the charts. Do you still believe in a below 2000$ Bitcoin? Well thanks for your contribution.

True. However at the end of the day, they will accept it and they are going to control as much as we let them to control it. This is it. Otherwise this would create even more serious fundamental challenges to the deep state.


Main problem is the adoption yet not all governments would have the same view towards crypto and with its decentralized properties we can really say that
it do really opposes governments laws and we know that all sorts of things that cant be controlled wont really be liked by them which its normal to think that
they wont accept it in the end of the day.

True, so this will be a continues battle so we can't really say that it's the main problem. I see the investors are just reluctant to enter because of the price. People wanted more money, but if the price of bitcoin is just $4k, and ETH is $140, and both are struggling, then it will be just a waiting game for everyone unless we go on another rally and the price pick up in the next months.
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jr. member
Activity: 168
Merit: 1
I have a good news to you sir. The market has been crashed from 870billion Overall market cap to 100 billion which was the bottom. We won't hit lower than that. Bottom is in now we are above 140 billion , more than 40% increase. So move on and sir be in the present. We still got 2105 projects listed on CMC. We got many good and real projects.


There are only a couple of projects in this space who are truly using blockchain as it should be used. The problem is, most projects are still using the blockchain for the wrong things. The blockchain is there to create a layer of trust, not to replace the internet or to create mere tokens for ICOs.  Most projects now create tokens just to raise funds without having a deep thought about the utility of those tokens. Most token prices will only climb up with hype and marketing skills, only to crash down when the hodlers realize that there is no real utility of the tokens.

Hence, the problem is this: the market is flooded with useless tokens. Most of those tokens were only used to raise funds and not to have any ready-to-go utilities. 90% of projects now are simply copy-cats of one another. The market really deserves to crash in order to flush out the toxic tokens and pave way for great blockchain ideas.

Until more projects introduce ready-to-go blockchain token utilities, The market will remain like this. any rise in prices now will be purely due to hype or manipulations. For the market to move maturely, real projects are needed... real use-cases are needed. Projects need to attach real in-demand value to their tokens. There are too many toxic tokens now. The era of token hype will soon be over. People have gotten smarter and aren't buying into the market. Very soon, the only thing that will attract blockchain investors and users will be neither the hype nor the marketing, but the real utility blockchain projects have to offer.
hero member
Activity: 2660
Merit: 551
True. However at the end of the day, they will accept it and they are going to control as much as we let them to control it. This is it. Otherwise this would create even more serious fundamental challenges to the deep state.


Main problem is the adoption yet not all governments would have the same view towards crypto and with its decentralized properties we can really say that
it do really opposes governments laws and we know that all sorts of things that cant be controlled wont really be liked by them which its normal to think that
they wont accept it in the end of the day.

True, so this will be a continues battle so we can't really say that it's the main problem. I see the investors are just reluctant to enter because of the price. People wanted more money, but if the price of bitcoin is just $4k, and ETH is $140, and both are struggling, then it will be just a waiting game for everyone unless we go on another rally and the price pick up in the next months.
hero member
Activity: 1078
Merit: 501
True. However at the end of the day, they will accept it and they are going to control as much as we let them to control it. This is it. Otherwise this would create even more serious fundamental challenges to the deep state.


Main problem is the adoption yet not all governments would have the same view towards crypto and with its decentralized properties we can really say that
it do really opposes governments laws and we know that all sorts of things that cant be controlled wont really be liked by them which its normal to think that
they wont accept it in the end of the day.
You are right and it could be true but in my opinion the nature of crypto market now a day is really volatile that no one can make good prediction so if some countries are not accepting crypto currency it is not a big deal we can solve this issue for holding and waiting, being worry and impatient is not the solution as panic selling will create more problems for market.
jr. member
Activity: 112
Merit: 1
☀️ Iskra Coin ☀️
There are only a couple of projects in this space who are truly using blockchain as it should be used. The problem is, most projects are still using the blockchain for the wrong things. The blockchain is there to create a layer of trust, not to replace the internet or to create mere tokens for ICOs.  Most projects now create tokens just to raise funds without having a deep thought about the utility of those tokens. Most token prices will only climb up with hype and marketing skills, only to crash down when the hodlers realize that there is no real utility of the tokens.

Hence, the problem is this: the market is flooded with useless tokens. Most of those tokens were only used to raise funds and not to have any ready-to-go utilities. 90% of projects now are simply copy-cats of one another. The market really deserves to crash in order to flush out the toxic tokens and pave way for great blockchain ideas.

Until more projects introduce ready-to-go blockchain token utilities, The market will remain like this. any rise in prices now will be purely due to hype or manipulations. For the market to move maturely, real projects are needed... real use-cases are needed. Projects need to attach real in-demand value to their tokens. There are too many toxic tokens now. The era of token hype will soon be over. People have gotten smarter and aren't buying into the market. Very soon, the only thing that will attract blockchain investors and users will be neither the hype nor the marketing, but the real utility blockchain projects have to offer.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
Main problem is the adoption yet not all governments would have the same view towards crypto and with its decentralized properties we can really say that
it do really opposes governments laws and we know that all sorts of things that cant be controlled wont really be liked by them which its normal to think that
they wont accept it in the end of the day.
sr. member
Activity: 784
Merit: 255
Today, I believe the main problem is the lack of regulation of ICO by the state. This problem leads to fraud, the sale of huge amounts of ETH and BTC in the market and the loss of confidence in the cryptocurrency.
full member
Activity: 1008
Merit: 101
One of the major problem militating the growth of crypto markets is government lackadaisical attitude toward its adoption and acceptance many countries had placed one regulations or the other in fact in some cases outright ban on cryptos thus depriving genuine investors the opportunity to use cryptos as a digital currency or other for usage.
Most of these countries involved might want to protect their citizens against some scrupulous and fraudulent ICOs who capitalize on the easy access to cryptos to defraud potential investors as result bringing down more opportunities in cryptos markets globally.
Not only government but some people are also creating this issue, some people are lack of knowledge so they are now sure about profit, government should allow their people to use crypto currency because it is good for economy of the country and for people who are living, they will get job and this will help in development of our country, lack of knowledge and awareness if the major problem I guess.
jr. member
Activity: 168
Merit: 1
True, however we are on the right track on the way of recovery. Bitcoin dominance now at only 50.7% few months ago it was around 54% and higher, we hit even 59.2% at the top. As the BTC dominace decreases the altcoins increasing. Also the adoption on its way. Mainstream adoption is coming. All in all I am pretty bullish. Bottom is in, and this is already a bull run. Do you think 3120$ was not the bottom? I would like to remind everyone that we are almost at above 4000$.



One of the major problem militating the growth of crypto markets is government lackadaisical attitude toward its adoption and acceptance many countries had placed one regulations or the other in fact in some cases outright ban on cryptos thus depriving genuine investors the opportunity to use cryptos as a digital currency or other for usage.
Most of these countries involved might want to protect their citizens against some scrupulous and fraudulent ICOs who capitalize on the easy access to cryptos to defraud potential investors as result bringing down more opportunities in cryptos markets globally.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
One of the major problem militating the growth of crypto markets is government lackadaisical attitude toward its adoption and acceptance many countries had placed one regulations or the other in fact in some cases outright ban on cryptos thus depriving genuine investors the opportunity to use cryptos as a digital currency or other for usage.
Most of these countries involved might want to protect their citizens against some scrupulous and fraudulent ICOs who capitalize on the easy access to cryptos to defraud potential investors as result bringing down more opportunities in cryptos markets globally.
jr. member
Activity: 168
Merit: 1

Right, adoption is clearly key.
As an Ebay seller I want to support adoption in my own way. I am going to speak with eBay and hopefully they are going to allow me to accept alternative payment options such as Cryptopayments. I would pay their fee obviously and the rest would be settle in the Crypto world. I believe that we hit already the bottom and we are going only higher from now on, so I wouldn't spend my coins right now due to my market expectation. However if you believe that the market is going to see 1000$ BTC price than this is your chance to spend your BtC/ Eth/ Ltc/ Etc/ Yeed at these high prices.... Stay tuned for more update:)


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That is why we should conduct some research on the project we would like to invest to because no matter how much fund they'll get or how good their platform is, if they cannot able to adopt in this tricky market then expect that it'll the floor someday. Adoption is the key in this kind of environment because it is survival.
[/quote]
member
Activity: 220
Merit: 10
https://streamies.io/
Its the wild west as they say. Even with the regulations coming its going to stay that way and the only solution that has to be done by investors is to research which project they support. You will not mind the fud if you knew the team can deliver. So much project had been created in the past and if they survived the great crypto winter of 2018, they will survive til the adoption is realized.
That is why we should conduct some research on the project we would like to invest to because no matter how much fund they'll get or how good their platform is, if they cannot able to adopt in this tricky market then expect that it'll the floor someday. Adoption is the key in this kind of environment because it is survival.
sr. member
Activity: 980
Merit: 261
There are many factors that cause problems in the crypto market today. I believe that one of the main problems of cryptocurrency at this time is the number of ICO scam projects or not in accordance with the roadmap, and it makes investors lazy to invest their money in the crypto market and make the market not move up.


Scam projects really affects the WHOLE image of cryptocurrency as well as the wrong way of using the crypto like as mode of payment in illegal works, for those who are not aware of crypto the image of it will be set to their mind that this is a kind of a project that set to be a scam one that is why they dont want it or they dont want to invest to it anymore.
member
Activity: 560
Merit: 11
There are many factors that cause problems in the crypto market today. I believe that one of the main problems of cryptocurrency at this time is the number of ICO scam projects or not in accordance with the roadmap, and it makes investors lazy to invest their money in the crypto market and make the market not move up.
hero member
Activity: 1190
Merit: 504
So do you expect a slow and organic growth?
Yes, it will be a gradual growth.

To make it sure, slowly but surely. Unlike a quick rise, we are also about to expect a very quick dump so if you are going to choose what it would be? A day trader is certain with that but for most holders, we prefer the gradual growth.

It is always better that it keep on rising slowly but gradually it will reach the new heights. Only problem when the sudden rise happens is that it also fall at the greater pace and this create a huge panic mode among the investors who start selling and this leads to the greater fall.
We do love to see the market rise gradually/slowly.

We also know the consequence of seeing the market moves with a rapid growth because suddenly it will dump quickly too.
I have that optimism that holders should and there's actually a lot of problem that doesn't belong to the market but with us who have been too impatient to see rise.
hero member
Activity: 1078
Merit: 514
By my opinion the fact that crypto trading is not available in every country makes the main problem for crypto market development. People are rule the market and prices for crypto.
copper member
Activity: 490
Merit: 7
Quote
What is the main problem with the crypto market at the moment?
There is no problem on the market but there is the problem on the project that can cause to the market to going down because there are many ICO projects that turns to scam because if that the investors are scared to risk on market now. And the whales manipulated the market that put too much pain on small investors.
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