What is your biggest frustration when it comes to investing in crypto?

edundayo

member

Activity: 91

Merit: 12

Quote from: paulaitwesley on April 17, 2018, 06:14:01 AM

My frustration is to buy BTC at a high price.

Now I can only wait for BTC to rise to the price I bought, and sell!

Can really be frustrating indeed, but while waiting for the BTC to MOON, I'll advise you read up on crypto market psychologies and learn how to master them. For instance, FOMO (Fear Of Missing Out), in this case.

paulaitwesley

newbie

Activity: 25

Merit: 0

My frustration is to buy BTC at a high price.

Now I can only wait for BTC to rise to the price I bought, and sell!

edundayo

member

Activity: 91

Merit: 12

Quote from: khendjer on April 11, 2018, 05:17:04 PM

Most of all I am upset by the growing number of both, individual scammers and scam projects, that try to cash in on all kinds of investors. That's the worst frustration as the great technologies are used more for malicious purposes rather than for making our life better.

Exactly!

I woke up today to the news that a company in my country just ran away with millions of funds belonging to many people. This company, I just learnt was promising an outrageous 30% per week return on crypto investment. This is coming barely few weeks after the crash of MMM which was also partly dealing with bitcoins. They are just taking advantage that a whole lot of people are still highly ignorant about how crypto really work!

And activities of the hackers in the crypto space, look at the news today that Ian Balina was hacked and coins worth a lot of millions $$$ was stolen from his wallet (true or not).

It is just so frustrating, even for experienced crypto investors to safely navigate this space in between the scams/scammers and the hackers/phishing.

sham100899

member

Activity: 182

Merit: 14

https://bizzilions.com/?ref=sham100899

scammers, haha because there are alot of scammers out there, before investing make sure that you invest in legist investment firm.

nextpakk

copper member

Activity: 54

Merit: 0

My biggest frustration about investing in crypto is the scarcity of projects that truly solves a real world problem while leveraging crypto and the blockchain.

us11csalyer

member

Activity: 266

Merit: 12

Streamity Decentralized cryptocurrency exchange

My biggest disappointment was when I sold the campaign tokens, and he immediately went up in price twice. Now I try not to sell thoughtlessly, but to analyze the situation.

GreatBug

sr. member

Activity: 629

Merit: 252

That it is just based on luck, and if you put your money in bad moment you could lose lots of it that I think is not good and make me frustrated.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

I'd say my monthy limits on the only exchange available to me is annoying, considering that I have to wait for a full month for that limit to renew which is so low ($5000 atm). I'm not a big casher or whatever, but the moment you want to buy in knowing the price is cheap and you have reasons to believe that the price will make a push, then came your monthly limits? You simply can't maximize any profits available for taking if ever. New ICOs that sends me emails also annoy me. It's simply obnoxious since they're trying to force you and they don't seem to care at all.

destinysaid

jr. member

Activity: 42

Merit: 3

Help the needy, do the little things others ignore

Quote from: khendjer on April 11, 2018, 05:17:04 PM

Quote from: Ducklouis on April 11, 2018, 03:11:26 AM

So I’ve been hearing about people having issues investing in crypto. Among the most common ones are the fact that in order to get started people have to give away their personal info to create an account in an exchange and then they have to deposit funds. This process can take a million years. Just curious, what other specific frustrations do you have when it comes to investing in crypto?

Most of all I am upset by the growing number of both, individual scammers and scam projects, that try to cash in on all kinds of investors. That's the worst frustration as the great technologies are used more for malicious purposes rather than for making our life better.

crypto right now isthe next big thing, the next cash cow. Run an Ico, put up a fancy website, talk some gibberish, buy a code and put on github, then get some suckers to invest.

Its probably gonna net you a nice profit, at least 1eth is sure.

I feel a little bit more regulations are needed? I dont know mehn, cryptos are being used for a lot of things these days, and when it comes to the biggest frustration about investing in crypto,i believe in addition to the scammers that you've written about, things like ;

high learning curve,
high risk,

wudackprod

full member

Activity: 1316

Merit: 121

Quote from: Ducklouis on April 11, 2018, 03:11:26 AM

So I’ve been hearing about people having issues investing in crypto. Among the most common ones are the fact that in order to get started people have to give away their personal info to create an account in an exchange and then they have to deposit funds. This process can take a million years. Just curious, what other specific frustrations do you have when it comes to investing in crypto?

When I start work with cryptocurrency, I'm invest first ETH to Confido. This project didn't get support from Country and didn't start working. Tokens was get -500% in price and its all...

lnoir

newbie

Activity: 10

Merit: 0

There are many problems with crypto, and around many of the projects in the crypto space. I've experienced frustration with all the things already mentioned, from the numerous wallets (and tendency to force running a full node) to the sham coins and the pump/dump groups.

Something else is how decentralised pertinent info can be, particularly in community-driven projects. You'll find information that should all be in one place, scattered across the website(s), Discord, Github, Gitter, Medium, SteemIt... Makes life easier if project-related resources are consolidated. Let the source of the contributions be decentralised, sure, but give people a single place to go to access all that info.

baguetter

newbie

Activity: 126

Merit: 0

The biggest frustration is that a lot of the time promising projects aren't very easily verified in their legitimacy. There are so many initial coin offerings that I would like to take part in, but I follow very strict rules as to which company to pick, and so many of them are filtered out on the basic stage of "are they a registered company", etc.

Cut_bray

newbie

Activity: 2

Merit: 0

Rasa kecewa yang membuat frustasi para investor ( yang menginvestasikan uangnya di Cripto ) untuk saya pribadi adalah,
Bilamana jumlah uang yang saya Investasikan tidak bertambah banyak melainkan berkurang.

teddythea

newbie

Activity: 21

Merit: 0

When the market is very slow and assets are reduced by 50%, we have to be patient in this, and all will be overcome.

odolvlobo

legendary

Activity: 4354

Merit: 3260

My biggest frustration is with all the speculators buying bitcoins in the hope of getting rich overnight. They cause problems for the people that want bitcoin to succeed.

Spazzer

sr. member

Activity: 1081

Merit: 309

I love technology.

Having to have an individual wallet for every coin.

Midcrypto

newbie

Activity: 85

Merit: 0

The biggest frustration for me is day traders/pump and dump groups in addition to the general manipulation of currencies by entities with deep pockets and influence. They have nothing invested into the success or failure of a project and only cause chaos which results in poor stability. It's an issue on a massive scale that can only be reduced by more individuals getting involved and more time in existence.

LiftUpVet

copper member

Activity: 19

Merit: 0

Customer support, and my own ignorance.
I've had tickets open for months on a couple of exchanges, only to get a bot response. Then find out the blockchain of whatever coin I had, (Fazz I think at the time) was dead, and I'm out the coin.
Lesson here? Do your own research before investing in ANYTHING. Exchange, project, house, cheeseburger, etc... read before you buy lol.

khendjer

member

Activity: 157

Merit: 13

Quote from: Ducklouis on April 11, 2018, 03:11:26 AM

So I’ve been hearing about people having issues investing in crypto. Among the most common ones are the fact that in order to get started people have to give away their personal info to create an account in an exchange and then they have to deposit funds. This process can take a million years. Just curious, what other specific frustrations do you have when it comes to investing in crypto?

Most of all I am upset by the growing number of both, individual scammers and scam projects, that try to cash in on all kinds of investors. That's the worst frustration as the great technologies are used more for malicious purposes rather than for making our life better.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

The lack of utilizing the blockchain for transparency, unnecessary blockchain creations, and token sales without a working product.

Topic: What is your biggest frustration when it comes to investing in crypto? (Read 159 times)