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

frowsiter

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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

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“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

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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

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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

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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

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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

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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

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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

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Activity: 476

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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

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Activity: 434

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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

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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

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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

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Activity: 336

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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

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ChangeNOW. Non-custodial and limitless exchange.

Quote from: xuan87 on April 01, 2018, 08:23:22 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

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ChangeNOW. Non-custodial and limitless exchange.

Quote from: TwSeventh on March 30, 2018, 03:35:09 PM

Quote from: ChangeNOW on March 30, 2018, 01:31:40 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

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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

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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

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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.

xuan87

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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

logicgate

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For me, the biggest setback is that when the market prices to fall, I spent money, if you COINS fell off when you leave or go to bed, my money was stuck in such a way that you can't do anything, I don't want to lose money to sell my COINS.

You have defend opinion and I respect that. But what I think here, if I would be at your place, I will definitely hold my coins if they are going down even. Things aren’t bad for us even if they are going against us. Every loss is a learning chit for you to make a big impact next time. And since we all are here in this era, where learning is not a difficult thing, so learn how to utilize this ‘going down’ scene for your profit.

gahsh

jr. member

Activity: 112

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if I personally there is no challenge about trading, the challenge is how we should be able to analyze the coins we want to buy, and how we can get big profits, frustrating maybe when the price of the coin we just bought decreased, and in a long time does not rise again .

macchiato

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Activity: 420

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I was frustrated when the market crashed miserably when I am about to trade my tokens. Its value dumped real hard. Prior to that, the transaction fee of some exchanges are too big. That is why it took me a while before finding a new trading site however the market drop caught me off guard.

hyet24

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Activity: 166

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Letting go of a trade that is dropping huge. I always think it would increase after I start selling but now I take a lost and move on to another even if it starts increasing. Maintaining discipline and patience was a challenge when I first started.

Most of privacy stuff between government and me I don't really care. It's not fair when 9 to 5 workers pay taxes while I don't. By the end of 2018. I would set aside 22% of my profits to pay my taxes.

cheezcarls

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Looking for gigs

I think the biggest frustration that I have is that when trading crypto is to #HODL too much of all my assets. Like Ripple, for example, I have made a nice profit by buying it at $0.78 and selling it for more than $3 and use it to buy TRX at $0.17. However, TRX has lost its value big time during the crash and it's now trading between $0.03 to $0.04. I am frustrated because of this one tiny mistake, and it is a lesson learned for me. However, with Tron's roadmap, I believe they will recover and it'll skyrocket the value like before.

RenBct

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Of course when trading you loss and when you loss you get mad and you are getting filled with greed and anger which means you can do something very stupid.

kryptqnick

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I agree with those who say that privacy and be given up for security reasons. I think it might make sense to require authentification when people exchange huge amounts of money and there are some suspicions about it. If, however, everything looks casual then id is just unfair, because the whole point of cryptos is to make it impossible.
A serious challenge for me is to make decisions when I see that I already missed the right monemt to sell and am currently down with my funds and then I see the coin go down even more. It's hard to decide whether I have to hold and wait till it goes up or sell rightaway, since it might not go up ever again.

Thanasis

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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?

Some exchanges are asking the personal information to stop the illegal activist using their exchange and also from the crypto currency using.But providing the personal information is not a big deal for meb because everyone is ising the social medias and uploading our personal info and daily activity there then why we are afraid to use the same activity when come to crypto.

Do you think facebook keep your details safe?

No they are selling all our personal details to the corporate companies too.So if you are afraid then stop using facebook too.

heartrodriguez28

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Quote from: Caladonian on March 31, 2018, 02:36:57 AM

Verified accounts is needed to make sure the exchange will lessen issue with rules from their country's jurisdictions, I'm good with that in order also to fully maximized my capability inside the exchange, there's also other options where we don't need to comply with KYC especially tokens from ICO's, i have some bad decisions where I bought some rising coins late December ending up dropping the value till now and still holding till the price begin to rise
back, now my balance is so tight and can't trade much anymore.

The problem with trading Crypto is that they are highly volatile and easily influenced by news. Not saying that it's any different from stocks, but one bad news and almost ALL coins go red at the same time, thus invalidating chart patterns...

Caladonian

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Verified accounts is needed to make sure the exchange will lessen issue with rules from their country's jurisdictions, I'm good with that in order also to fully maximized my capability inside the exchange, there's also other options where we don't need to comply with KYC especially tokens from ICO's, i have some bad decisions where I bought some rising coins late December ending up dropping the value till now and still holding till the price begin to rise
back, now my balance is so tight and can't trade much anymore.

wayaneka

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Not all exchange require KYC to trade in their exchange, although i have to provide it, that is no problem for me, KYC proccess only for comply with AML/Anti Money Laundry. I hasbeen make mistake two times in trading, that is i dont cut loss when down trend and finally my loss become bigger, and trading pair altcoin with BTC/ETH make me more complicated for trading because i have to analysis 2 different price, so now i will start trading only with pair USDT learn more about risk management.

Nahl

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i don't mind if i have to give my personal informations for the particular sites as long they're trustable because seems currently this is necessary to verified our accounts and i have seen big exchange such as bittrex is required to give KYC if we want to upgrade our accounts at there so basically i don't mind about that

gawer33

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my biggest frustration is it does not have trading times like stocks it run 24/7 so no matter how good trader you are if the coins drop/up when your away or sleep you can not do anything about it. do we have some exchanges that does not operate 24/7 I need one.

dothebeats

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Cashback 15%

Personally I don't bother registering to trusted exchanges since it's within their guidelines before anyone can use their platform. However, what annoys me when trading crypto is the lag that often occurs in exchanges whenever a new top is forming, or whenever I want to sell near the peak. It has happened to me a lot of times now, most of the time these events only happen in a minute yet the market will somehow be 'closed' due to technicalities. Other than that, I don't have a problem in trading with cryptos.

MiningSensei

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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?

It is simple.. everytime that you are trading and you face a giant lose, that is the moment when you realize how much money you have lost because of that "shitty" idea of putting money in that order.

Well, i don't know if this is only happening to me.. but yeah, that is pretty disgusting.

faithupgrade

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The biggest frustration for me is when the coin a bought got dumped. The biggest challenge is to fight the eagerness to buy the fomo. Its so stupid to chase the shills. Much better to research first before risking the money.

buwaytress

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Honestly, I think most people who complain about kyc and privacy on exchanges are just kidding themselves. Same people probably don't have the same issue with social media, signing up for a phone line, credit cards etc.

I do agree privacy is important but those who value it the highest probably already do p2p or even find a way on dexs. People who already know how to live off grid don't have these frustrations. Those who don't, should realise it's pointless to complain about kyc on an exchange when their data's already all over Google.

damberg

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I am one of those who hate KYC processes in cryptocurrency world. I am extremely incomfortable with giving my personal information to ICO teams and exchanges. Although I know there might be time when crypto exchanges will operate like fully regulated markets with all the "paperwork", I am always going to oppose.

PuertoLibre

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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?

Passing kyc has both negative and positive effect for me personally. Protecting privacy is useless if you dont disclose it on net Wink

Almost more than 30% of icos requires to pass kyc in order to receive purchased tokens. i prefer to be anonymous on net rather than giving my personal details.

Fatunad

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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?

So you do mean on KYC matters on exchanges?If it does then they are not really obliging you to submit since we can able to make trades with a unverified account but expect on the limitations when it comes to withdrawals because if you are already transacting big amounts then you are really obliged to submit documentations and on some instances its really real for some people who do make use other identity for the sake of verification.Sources of documents can be found online either on info leak or just been bought to others.

TwSeventh

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Quote from: ChangeNOW on March 30, 2018, 01:31:40 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.

kolesozw

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I love to move my funds in different places.

For me the biggest frustration is when I need to move my coins fast and a exchange 'is proceeding' my withdrawal for hours or even days, taking me few times more than fees for this 'service'.

ChangeNOW

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ChangeNOW. Non-custodial and limitless exchange.

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?

Topic: What is your single biggest challenge or frustration when trading crypto? (Read 487 times)