Topic: WHY ALTCOINS CANT TURN INTO AN OVER NIGHT FINANCIAL SERVICE PROVIDER (Read 163 times)

It is always better to do a thorough research before we invest in this cryptocurrency market. Yes, there are several similar projects in the market but all of them do not get popular in the market. We need to take risks sometime to do earn good profits in this cryptocurrency market.

Basically this is very tough because in market there is giant named bitcoin which have good values in the market apart from this altcoins are doing really well nowadays because they fall but they recover themselves slowly also its creating good value in market.

I agree. Even there are many people who are finding jobs and investing in bitcoin  they are earning money. So, altcoin is a service provider and it's profitable if you have much knowledge about it.

I think more development is on the way. There will be situations where crypto will be directly used as a medium of exchange. Well, it is currently operational in some countries. I read about a country, perhaps in one of the Asian countries, where cryptyo ATM exists.

At first I would request to do with a good talk. Yes, A day may come when bitcoin will turn into a full financial service provider, but there are many blocks also. So, we all seemingly know that crypto-space is growing faster than ever and it may someday come to the world with a large amount of service and values.... waiting for that day.....

This usually happens due to word of mouth. Before investing, the first thing we do is ask our friends and families, and they suggest the most cliche ones; bitcoins. Therefore, altcoins fail to make a hit and grow despite having great potentials. But this trend is slowly changing though now.

I've seen so many crypto card and crypto bank scams, we are nowhere close to seeing this become a reality.

I agree with your points of view but it is not actually like that. All the ICO are not same they offer different type of offers although some of those offer will remain same.

From my point of view when you want to choose this types of network you have to share with other people. Had better you conduct a survey among your friend circle who know the thing. May ICO offering same service so it's better to ask someone before use this.

Well obviously they're not, crypto has been around for nearly 10 years now. Really need more people to start using it soon for it to work.

Cryptocurrency is based on the online transaction base. Crypto is not meant to be a real coin or to create a traditional bank, but to avoid these crypto.

Me seems crypto market has not created to replace banks or the service of banks. But the growth of market may have some effects on banks. How? If people find some projects where they can both buy, sell and invest with highest security why they will rely on general banking for transactions where there is no need of hard cash.

Yes, I agree with you recently many incidents are happening like this. But I really believe that the situation will improve and the companies who are providing service related cryptocurrency will do better in future as the era of cryptocurrency has just began and by time the companies will have more control over their projects.

I partially agree with you and cryptocurrencies really can not yet be used as Fiat money, but so far they have only started their way and their development, so that over time, cryptocurrencies can become a replacement for ordinary money.

I know that some people are still living with this thought that in cryptocurrency market you can be successful and rich over night but we all are aware this fact that nothing can be built overnight, proper planning hard work is need for this. so in case of altcoin the situation is same suddenly nothing can be happen

When it comes on choosing your service provider it would be best if you conduct survey on the circle of your friends or people you know that have experience on that fields, when it come to banking then yes, I agree with you that we have many ICO offering the same service but it would be nice before you use or join try to ask people who already experience the service and what are the things to consider when using their services.

Seems to me like a lot of people out there still think for some strange reason that some mediocre altcoin project will turn into a bank and offer real world financial solutions dont get me wrong im not saying that blockchain cant be used for such a purpose,  there is a recently released project its maybe a month old that has been doing quite well over the last month and now that its failing to provide results i see hundreds of people being upset and unhappy in discords again .....THIS IS NOT THE FIRST PTROJECT OFFERING BANK CARDS AND ATM'S for fuck sake there are tons of projects offering the very same service , there have been projects offering the same thing in the past the fact is that if a crypto currency was going to replace a bank it would have started with the bigger projects out there.  Not some light saber jedi coin that sprung out of the closet suddenly it doesn't mean if a project goes to a crypto seminar its a legitimate project any asshole can go to a seminar.  Dont invest in a project purely based usecase,  you have to know when to get out the signs are there any project can be profitable how long its profitable varies ride the wave or lose your money.

So before you jump on your high horse and shit your favorite panty go do some fucking research and hopefully you realize that crypto in general is not at the point yet where it can be used like a fiat currency  or as a viable financial solution due to many factors, the main one being volatility.  so dont go around calling everything a scam when it doesnt go the way you want it to go and always remember crypto is in the wild west stage right now projects come and go only the ones with realistic goals and use cases will prosper.

Please feel free to shit on my opinion this topic was created to debate and share opinions even if they differ.