What is your single biggest challenge or frustration when trading crypto?

frowsiter

sr. member

Activity: 714

Merit: 261

Quote from: ChangeNOW on March 30, 2018, 02:31:40 PM

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

Well when it comes to the trading then you have to submit your KYC's all the time over the exchanger to increase your trade limits and withdraw limits as well. I guess it is pretty normal to have this and also it increases security of our funds or accounts too by showing that it is us! I think when it comes to the non reputed exchanges which are asking for the KYC then it could be somewhat frightening to give away info over such small exchangers. I guess there are wide variety of options we can follow to save ourselves from giving such information. Fro example using decentralised exchanger, or keeping fund in the private ket owned wallet and then transferring them over the exchanger at the time of trade.

Tory-Tory

member

Activity: 196

Merit: 10

“Blockchain Powered Clinical Trial Management”

My biggest disappointment is that I entered the world of crypto currency in 2017. If it was 2016, things would have been much better.
Now I am greatly disappointed by the large correlation coefficient of altcoyins with bitcoin.

okorocrypto

newbie

Activity: 140

Merit: 0

The simple biggest challenge is pump and dump. If you hold a token that is being pumped without your notice, you may fall victim when such is dumped on you. It's never a good experience.

mabell943

sr. member

Activity: 590

Merit: 258

I think the single biggest challenge or frustration when in trading cryptocurrency is to deal with the hardship in this kind of business and industry in daily transaction of the business.

Flygonz

newbie

Activity: 112

Merit: 0

I think my biggest single challenge or frustration when trading cryptocurrency is to deal with the hardship of the business in daily transactions of it, to be functional and successful in this business.

prashanta

copper member

Activity: 728

Merit: 250

Coins do not have an actual value. NEO was around $ 200 then down to $ 100, and now $ 50 ... and less. How do we know that it is not worth a quarter? Even $ 5 will be more than most coins, but if you previously bought it is not high.

The price is set by bullshit hype and nothing else. HODL is the only way to achieve good luck or to lose it all. There is no real fundamentality based on your decision when the strategy is snatched

Torrenth

newbie

Activity: 196

Merit: 0

if you are talking about kyc, i think not all require to send detailed information about yourself, and now i always avoid kyc, in my opinion it is quite complicated. so i do not like ico that should include kyc.

uchiikina14

member

Activity: 308

Merit: 10

My single biggest challenge or frustration when trading is the prices in the market, because you have to monitor the prices from time to time because if you did not see the changes in the price then you have to wait for another time to trade your crypto it is not that easy to monitor the prices because it is fast moving every minute the prices in the market changes so if you did not see the changes you will wait for the next price change. it is to tricky some people who do the trading they used multiple monitors, just to monitor the prices of the crypto.

manggis97

member

Activity: 476

Merit: 10

My biggest frustation is if im not cut loss as soon as possible my open potition when any bad news and the price big fall. This case make me boring to wait for the price back to the higher. This case make me loss to get opportunity to buy back in the bottom and to recover loss faster.

FUD Expert

full member

Activity: 434

Merit: 100

My biggest frustrations in crypto is when I thought that the altcoin has hit its bottom and I bought it right there. Then I found out next week that it still crashes 3x its price. I have no other choice but to wait for it to recover so I can sell it right away.

kimmali

member

Activity: 113

Merit: 10

To risk their own money hoping that it'll grow without assurance is one of the biggest challenges for all the traders here. I have trust issues so I don't trust things easily, that's why I'm always having a hard time sending off my money to the exchanges. However, you wouldn't know what will happem if you don't try,so i'm trying to fix my own problem and get it through so that I can earn profit.

iyemroker

newbie

Activity: 129

Merit: 0

if the cryptocurrency challenge is inevitable, but in terms of the information to make the latest Exchange ID enabling to use KYC it's okay if I think.

but unfortunately I was having an interruption with Exchange Qryptos Quoine from Singapore, I have uploaded all his documents and repeatedly but not in confirmation, and that's my problem for him. if the Exchange like this continues then sudh in the sure to compete with other Exchange.

loveinberlin

member

Activity: 336

Merit: 10

I think that as for me the challenge is invest coins in some risky project and lose everything. However, I am sure that luck loves those who risk, which is why I learn about trading and look for those trading opportunities that may turn out to be profitable

ChangeNOW

member

Activity: 217

Merit: 17

ChangeNOW. Non-custodial and limitless exchange.

Quote from: xuan87 on April 01, 2018, 09:23:22 PM

Privacy is one of the biggest issue but now almost every exchanges require that so, we can't complained anything again, my biggest fear is the security and legitimate of the exchanges, even that exchanges got a good reputation there is still chances it can run away with your money or being hacked, so I kind of afraid to put a lot of coins in the exchanges

Check out ChangeNow https://changenow.io/?video-contest=&utm_source=BitcoinTalk. It's a service that enables you to stay completely anonymous when trading crypto. You don't even need to create an account nor submit any kind of info!

ChangeNOW

member

Activity: 217

Merit: 17

ChangeNOW. Non-custodial and limitless exchange.

Quote from: TwSeventh on March 30, 2018, 04:35:09 PM

Quote from: ChangeNOW on March 30, 2018, 02:31:40 PM

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

privacy is not an issue because we can protect our privacy by buy buying bitcoin from peer to peer platform.
the biggest issue that i ever had was,
when i sent my coin from exchange but the coin did not get through because of error.
caused a delay for a few days and i need to answer their question many times even though it was mine.
also at the same time the price went down significantly.

Isn't privacy still an issue when you must identify yourself in these platforms?

bddbd

newbie

Activity: 103

Merit: 0

I think that the biggest difficulty in investing in cryptocurrency is how to judge market conditions. We have many times tried to make a lot of money. This gives me a bad feeling. I will learn more about this, I believe I will. Seize the opportunity.

LogitechMouse

legendary

Activity: 2520

Merit: 1040

Catalog Websites

I have given my information with bittrex exchange when I am using it and I feel uncomfortable when I passed my information with them and now, I am not using bittrex but instead I am using binance right now. I feel comfortable with binance because it doesn't need KYC in order to withdraw or deposit funds. Upon signing up, it has a 2 BTC daily maximum withdraw.

My biggest challenge when I am trading crypto is when the coin I bought dumped more at the time I bought it. This is happening to me every time I trade but what I am doing this to surpass this frustration is, watch movies and forget my bought coin for at least an hour or 2.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: ChangeNOW on March 30, 2018, 02:31:40 PM

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

I don't have issue about submit sensitive information to support my activity, except my wallet private key and password in all item ( email, social media account, etc ). Until now my crypto activity still running with out problem about sensitive information and I hope it will safe forever. I don't have any issue about my activity ( trading/ invest ) because before enter the market, I already learn about the risk and prepare for the worst. Just follow the rules and you'll be fine.

AVAMONEY

full member

Activity: 406

Merit: 100

Quote from: ChangeNOW on March 30, 2018, 02:31:40 PM

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

There is section on this forum about currency exchanges https://bitcointalk.org/index.php?board=53.0 , if you want to buy safety you can pay by cash and using escrow here to buying Bitcoin from the member.

To be honest, I also feel sick by the limitation of trading amount in most exchanges like Bittrex, Bitfinance, etc. Because to be able to withdraw our asset in large amount are needed of ID + photo selfie for verification.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: ChangeNOW on March 30, 2018, 02:31:40 PM

Hey guys, just curious, a lot of people have said that they are having issues when it comes to protecting their privacy when trading crypto because the places to buy crypto requiere them to submit sensitive information that can go as far as one's personal address. Do you guys have this same issue? And, what other issues do you guys have when trading?

Eehm… privacy do matter a lot to me, but I don’t really consider somethings when it comes being Private, just like giving out my name. Address of where I live does matter a lot to me, so I don’t give out my correct address when it’s requested by any exchanger, and I also upload a photo when it comes to this or maybe if I’m using a wallet where is kind of a little bit required, just like Xapo that requests users to link their social media (though it’s not a must). I can actually give out some little bit info as long as the site is a safe and trusted one. What worries me most is delay. I hate being delayed.

Topic: What is your single biggest challenge or frustration when trading crypto? (Read 471 times)