Topic: What problems cryptocurrency will face in the near future? - page 4. (Read 2397 times)
In reality, the biggest problem of cryptocurrency is the negativity of the people and it has a very bad effect on the market. We have to tell people about the positive aspects of the crypto currency so that people can be attracted. But in the case of all crypto currency it is not so because the number of bitcoin lovers is increasing day by day and it is actually a good sign
The first biggest problem is the scammers. Which in every way will break into the system. The second main problem in my opinion. These are governments and their bans.
Scammers are the big threat to the crypto currency we can see that in 2018 lot of ICO projects were turned into scams this may kill the trust of the bitcoin and other crypto currencies so people need to evaluate the projects before investing which can helpful for the people to avoid scam and save their money.
I agree with your statements.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
I think we are all possible will encounter the complexity of events, formalization, and centralization, both negative and positive. These three components are the core of the structure which will never be separated, from the existence of cryptocurrency and its utilization, we will surely find it in the future.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
For me the biggest challenge when crypto implemented and adopt all over the world and use it to became single currency is the power (electric current) because all crypto are using blockchain and it was thru internet, slow internet connection that can't open the wallet to pay your bills and many hackers that will hack your wallet and the safety of your money.
I think one problem many people overlook is the fixed amount of cryptocurrencies unlike bank notes that can be easily printed in order to meet demand. In the years to come, as more people demand for crypto, we might run into shortage.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
we never know what will happen in the future, especially with the problems related to crypto, this is still an ongoing debate. I think what we can do is only analyze every situation that occurs and the growth opportunities at the end of this year are thin.
I think for now the only thing that cryptocurrency will face is slow and poor internet connection. But in near future I see that on of the bitcon and other cryptocurrency will face is the government. I know that when the time they see the type of income and nature of business of bitcoin they will be against at bitcoin because it may affect some government and local issues like taxes. And if may happen there is also a big problem because stores will afraid in accepting bitcoin so the uses of bitcoin and oyther cryptocurrency will lessen and it's value may decrease or the worst thing it may loss it value.
At this moment main problem for crypto are scams and in near future we would have that problem but as we see many projects make mvp which is good to escape from scamers.
This is not a problem of cryptocurrencies. When you invest in a project and you are scammed, it likes that you have given money to somebody for a service and then that person don't provide that. Bitcoin is a payment system and it is working well.
I think the biggest problems will be created by Government and central banks. Because bitcoin will spread more quicker than today is and that will be a huge headache for politicians thus to the government and banks. And if!! I mean if the government allows bitcoin transactions in future then I think they will put some rules and regulations on bitcoin which will not be user friendly and transaction costs minimizer. So you know what will happen if they do that, it will have multiple effects and that effects won't be good for bitcoin. And they don't want good effects at all.
At this moment main problem for crypto are scams and in near future we would have that problem but as we see many projects make mvp which is good to escape from scamers.
Frankly speaking it is very difficult to assume about problems in the future ! I now see only the problem of scaling and ETF ! Time will tell no need to guess !
To be honest, technical problems like hacking and scamming would always be there but while looking at it through a microscopic approach, I would say that awareness about the fundamental principles is going to shape the future. We must realise and understand the fact that Bitcoin is a part of blockchain which relies on the principle of decentralization and that provides us use power to transfer funds from one point to another in low cost and time, it is a powerful payment system and we should focus on it instead of giving first preference to speculation activities.
I think one of the biggest problems is security. There is a lot of comfort on the market. An arrangement related to this can be carried forward but without restriction, it can move forward this sector.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
we never know what will happen in the future, especially with the problems related to crypto, this is still an ongoing debate. I think what we can do is only analyze every situation that occurs and the growth opportunities at the end of this year are thin.
I really think that the problem that will come in the future is the centralization debate on Bitcoin when this crypto currency is globally adopted there might be a global regulatory committee that regulates the price of a known global crypto currency. This debate will divide most of the people from the crypto currency industry because the debate will center to the question if Bitcoin needs to be regulated with a stable price. I think this kind of scenario will really occur in the future because some people will favor that Bitcoin is decentralized and some people will favor that Bitcoin should have a stable value as a global crypto currency. This is just my conclusions according to my way of thinking and point of view on what might happen in the future, will Bitcoin remain as a speculative coin or will it a stable coin with a central governance that maintains its value? don't take it too seriously.
I believe that in the near future - there will be problems with regulation in most countries. The aggressive policy of banks is also possible.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
we never know what will happen in the future, especially with the problems related to crypto, this is still an ongoing debate. I think what we can do is only analyze every situation that occurs and the growth opportunities at the end of this year are thin.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
Purely adoption, and there are a lot of barriers in the way. All we need for bitcoin to grow is for people to actually keep on using it and for others to get on board. Doesn't matter whether it's for an investment, currency or whatever, we just need people transacting their fiat for it, but things like fud, and regulations, and crashes and panic in the media scare a lot of people away. As for how we can change that, well I guess just educating people, but the general public probably won't really listen but we can certainly keep doing our part at trying to educate people and fix that, but it won't be easy.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
nothing more than a matter of prohibition in some countries and others such as hacking and rumors. that's what is a complicated problem for crypto today and in the future.
Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
The most threatening issue is that of Hackers. However, I do think that regulations and external manipulations of the markets too will pose threats to the expansion of the cryptocurrency beyond its oars.
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