What problems cryptocurrency will face in the near future? - page 7.

charlemagne_15

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Quote from: Impulseboy on October 09, 2018, 02:03:03 AM

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 problems that bitcoin will encounter for the next 5 years is I think the problem that it faces same now because if those problems cannot be resolve now then it will still be continue to be the bitcoin's hindrances. The accpetance of people and governments, the legalization of it in all places are some of its problems. And the rising of other coins can also be one.

anshkumandhan

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According to me, the biggest problem in crypto currency is a large number of shitcoins. As we have seen, in 2018 many ICO projects turned into a scam, which can kill crypto currency and also a big threat for crypto currency. And that's why crypto currency is still illegal in most countries, and will stay banned also in near future.

tunapa

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One thing I like about this world is that new innovation keeps coming every time such that old ones help new ones and vice versa. The future problems i see for cryptocurrency is worldwide adoption , volatility, security. And I know new innovations will help to solve it.

michellee

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Quote from: Treasurer on October 12, 2018, 04:11:13 PM

Quote from: cetald on October 12, 2018, 08:04:03 AM

Quote from: Impulseboy on October 09, 2018, 02:03:03 AM

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?

Blockchain projects have already faced a big problem - this is scaling. Although in small steps, but a number of projects still solve this problem. As for AI, the blockchain will more likely help develop this sphere, rather than vice versa.

But along with this problem, there is the biggest problem: cryptocurrencies are digital money, not confirmed by gold. If everyone starts to bring crypto to fiat, the economies of many countries can suffer greatly.

It will happen soon, and you will see this. Many people want to join in the cryptocurrency especially for the people who buy crypto in the last year, and they got broke. They see that crypto still have a chance to rise again in the future and I am sure that they want to get involved again like before. But we need to wait for a while before the problem can be solved. The AI itself will help crypto trading, and the trader and this will make trading easy even for the beginners.

Treasurer

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Quote from: cetald on October 12, 2018, 08:04:03 AM

Quote from: Impulseboy on October 09, 2018, 02:03:03 AM

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?

Blockchain projects have already faced a big problem - this is scaling. Although in small steps, but a number of projects still solve this problem. As for AI, the blockchain will more likely help develop this sphere, rather than vice versa.

But along with this problem, there is the biggest problem: cryptocurrencies are digital money, not confirmed by gold. If everyone starts to bring crypto to fiat, the economies of many countries can suffer greatly.

Elqui

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I think one of the problems bitcoin will face in the future are countries who will ban bitcoin in their land, or maybe the speed. If more people will use it, it will become more slower incase of transactions. And the fees would be more bigger.

meritbygrace

jr. member

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The biggest problem is scam,scammers!! That is just the problem cryptocurrency will face in the near future. lot and lot of scam everywhere.

aanaa90

newbie

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main challenge faced by crypto will be artificial intelligence and moreover govt regulations is also a important challenge for cryptocurrency in near future

dablatair

member

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Hello,

It is for me to have more trust in general from common people. Clean the important amounts of shitcoins and scams that give bad image of cryptos. And also securization of exchanges against hackers taht will more and more want to take that "easy" money.

maxy1999

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As the cryptos are unpredictable so the problems will be. The bigger the cryptos will be the bigger the problems will. Like the government can create problems because of the politicians, the central banks can create problems, the transaction security can create the biggest problem. Everything is unpredictable. Hope it dosen't face any of it.

pra

newbie

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may in future the cryptocurrency may face problems such as
there will large population of the coins the people starts rushing towards the the coin and scams takes place
and finnaly may hackers may hack this ...

cetald

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Quote from: Impulseboy on October 09, 2018, 02:03:03 AM

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?

Blockchain projects have already faced a big problem - this is scaling. Although in small steps, but a number of projects still solve this problem. As for AI, the blockchain will more likely help develop this sphere, rather than vice versa.

thankyoulord

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Activity: 475

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Definitely some of the problems faced now will still remain brewing even in the distant future. Problems like insecurity issues, high price of in their exchange which sometimes are influenced and manipulated by the big sharks and greedy whales. Too many ICOs which will bring confusion and a chaotic environment, also influencing the industry of blockchain. Lack of encouragement among those who trade cryptos. Emotional traders who will never make a logical trade, rather they will continue to listen to other's emotional experiences and trade their cryptos in the same light.

passwordnow

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Quote from: DragonETH on October 12, 2018, 04:18:35 AM

most of these problems should be solved by the emergence of a new technological product for cryptocurrencies, which will be like anti-virus SOFTWARE to find and eliminate vulnerability problems and use standard solutions that have passed all kinds of security certification.

Crypto isn't an operating system that needs anti-virus to clean those problems.

It needs real solution and blockchain network itself can't be inserted by any virus that you are thinking. It can be delayed and slowed down and that's what it needs to be resolved.

DragonETH

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Quote from: Ondre on October 12, 2018, 03:01:55 AM

Quote from: Impulseboy on October 09, 2018, 02:03:03 AM

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 big problem had been:
- hackers in cryptocurrency exchange and token exchange. If this would be resolved ot will bring good news to many in cryptocurrency world.
- scamming had been a problem, people who are taking advantage of people who had been earning hard for their families and business.
- exchangers that has too high price in their exchange. We need a good exchanger who is more friendly with a fair enough payment.
- a challenge in the crypto market because there are too many cryptocurrencies already. I think it will become a survival of the fittest. I think it will be fine if we Adopt the bests while eliminate the least. Just an opinion. I don’t even know how it can be.
- too many ICO, who will determine what must be accepted and what is not.
- we need more people into cryptocurrency, do we share cryptocurrency to people or are we just keeping it to ourselves?
- we need each other to encourage one another in cryptocurrency not to pull down. We help each other because others need us as well.

most of these problems should be solved by the emergence of a new technological product for cryptocurrencies, which will be like anti-virus SOFTWARE to find and eliminate vulnerability problems and use standard solutions that have passed all kinds of security certification.

Quidat

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Activity: 2548

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Quote from: Impulseboy on October 09, 2018, 02:03:03 AM

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?

Speaking about of AI, do you really want to let AI decide everything on your portfolio? Computer is a very complex system and to let AI decide of what you were doing might be a good plan since it does help you to tell what's going on, on the market.
For the next 5 years computer might be too upgraded that time but i think it's not yet enough for the people.

Ondre

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Activity: 238

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Quote from: Impulseboy on October 09, 2018, 02:03:03 AM

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 big problem had been:
- hackers in cryptocurrency exchange and token exchange. If this would be resolved ot will bring good news to many in cryptocurrency world.
- scamming had been a problem, people who are taking advantage of people who had been earning hard for their families and business.
- exchangers that has too high price in their exchange. We need a good exchanger who is more friendly with a fair enough payment.
- a challenge in the crypto market because there are too many cryptocurrencies already. I think it will become a survival of the fittest. I think it will be fine if we Adopt the bests while eliminate the least. Just an opinion. I don’t even know how it can be.
- too many ICO, who will determine what must be accepted and what is not.
- we need more people into cryptocurrency, do we share cryptocurrency to people or are we just keeping it to ourselves?
- we need each other to encourage one another in cryptocurrency not to pull down. We help each other because others need us as well.

romelitoparcon

newbie

Activity: 24

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I think the cryptocurrency issue in the future is to make people know more. Find out how to transfer money safer and it should be considered a currency.

HenryHope

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Activity: 22

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In my opinion, cryptocurrency will face with the fact that It can be banned by gorverment because they want to control the finance market better.

zeingrind777

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For me, the problem in crypto is the difficulty of finding trade participants and the lack of market liquidity that worsens the economic situation of the cryptocurrency market.

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