Crypto in infancy

[Treasurer]

Interesting thoughts. IMO too many people buying in with the wrong mindset, and are just hoping to make a quick profit -- but have absolutely no idea what the technology is about.

IMO, at the moment, these easily manipulated and inexperienced day-traders and speculators/gamblers who puts in more than they can afford to lose, while panicking way too easily due to FUD or easily scammed, are one of the major reason behind the current extreme volatility (coupled with the fact that the crypto market is currently still pretty young, and the MCAP is still relatively low than what it potentially could be in a few years time) -- and this is not good for the image of cryptos overall + impeding good cryptos from becoming adopted more widely in real-word use.

Perhaps the higher tax in the US on crypto trading + regulations is a good thing. Slows things down so that the price will match more closely to the actual development and adaptation of coins, rather than due to hype + reduces the amount of pump-and-dump scams by unethical whales trying to take advantage of inexperienced newcomers for their own profit to fill their already full pockets.

In any market there are people who are worried about the idea, but there are those who are simply looking for profit. So it was always and so it will be. Crypto market is no exception.

[happy weblancer]

A very large number of people have learned about crypto currency over the past year. A lot of news about crypto began to appear on the Internet and in the media. People are interested, read, learn more. Many people conduct paid and free seminars and webinars on the Internet. I think the popularity of crypto is growing very quickly. Who wants to, has the opportunity to learn more.

[youcansee]

Yes, you are right. Being aware about the crypto is actually important to lead us too know more about the crypto. Additionally, it can drive us to be more careful in obtaining the news and issues of the crypto daily. Here, I think that being active in the forum, updating the information, and also attending the meeting and active in the community channel is good to do.

at least if we are active in seeking information in this forum, we can find news about crypto, and at least we are one step ahead of others who do not understand this forum

[LankaJay]

Yes. People need some knowledge about the crypto field. If not, only greedy people will come here and they will ruin the industry. Even a little knowledge is needed to give them.

[RoftheN]

We need more awareness especially for the newbies that are just coming into the market now to invest, most of them are just investing because they think that cryptos will make them rich overnight but that is not the case. Cryptos are still very young which means that they are still trying to find their footing, hence all of the price fluctuations and the volatility and we need more people to understand this.

[TRAPPIST1]

The crypto media in my opinion is extremely unmature & unbalanced today. The media creates to much extreme hype that other people need to find alternative sources to the first information that was provided  to them because of this the adoption will take even longer. Schools like high schools, colleges, & university's can help inform and spread knowledge about crypto but it this will help to a limited extend. Information for each year is moving at such a fast pace that schools as they exist today just cant keep up with the crypto space.

New schools needs to be built up from the ground up if it wants to become more compatible with this space that's the reality. For the current moment people will benefit a lot more if they organize into larger group. The event that recently took place at UofA would be to large of a group, a group with about 15-20 is a great amount. If more people started to see how different these times are compared to the early .com days maybe more people might become more patient. How can the crypto scene learn more from the .com days a, did try themselves to create a net currency but people during those days said why do we need this.

Younger people are a lot more excited & enthusiastic about this tech but its gonna be harder to convince older people. The crypto adoption will no doubt create a bigger split between the young and the old in terms of the interest of actually using it. Learning & following the crypto scene is quite time consuming for the individual no doubt. On coincap there are very few projects that think about taking decentralization to a grand scale.

[AndrewBrown]

I don't think that cryptocurrency is still in its infaccy stage though. While it might still need a lot of growing up to do, it has gone past the stage of infancy. News of cryptocurrency is all over the place and people are becoming more aware of the system. I believe that in the near future, the cryptocurrency industry would get to where we all want it to be.

[Haytim]

I agree. People in crypto technology need to be conscious of somehow. Because many of them are unaware of the benefits of the crypto system, they need to know exactly what they serve and their future goals.

[kolsernik]

1 option that can attract a large number of people in the crypto world is the coverage of this topic on well-known channels and writing articles in the most widely read journals

[Kristina3456]

Currently, many of course do not have a concept of cryptography. many people think that this is just a Scam - and do not understand how you can make money on it. Everyone only knows about bitcoin - that It is worth a lot . I hope that in the future everyone will have a good and correct understanding about cryptocurrency

[moeth]

crypto is still in its infancy, and there is still a long way to go in this market. There are also many things we can't predict, but I believe that as long as we can firmly believe that this market has a future, then it will be true

[sarfield]

One thing for money is to collect all the information about crypto, both from electronic media and articles made, besides that many media are still unfamiliar with this. But as time goes by, all get good and detailed information and also get many benefits.

[Zandra]

We don't need to force to educate the people here because all the things that they need to know are here in the forum.  Only need to do is read and research.

[a4illusionist]

That is true. The evolution is an ongoing process and the crypto evolution is taking shape. The world is yet to realize the true potential of it but once they realize it then it'll be a big boom. Till then mass up some coins because the price is going to shoot up very very high in the near future.

[Jpt]

Yes it is high time educating people about crypto and its investment given scams relating to it. To begin with, some institutions have opened up to teach about crypto. The initiative is not enough however. So concerned authorities and governments should take measures.

[Balinsayaw]

It's high time but needs first a wide acceptance of cryto especially in the government. Without approval from the government, others will label it as a fraud.
Today Crypto is only known to those have a access on internet 24/7. There are still huge of the population without access on the internet so educating them regarding crypto is irrelevant.

[blue08]

All the crypto world needs is an education to create better awareness and investments. What do you think are ways to go about it, apart from various conferences and meets.

Agree. We should educate people about cryptocurrency and make them understand. However we can not force them to believe. But still, sharing to them the opportunity that it could bring is the least we could do. At the end, the final decision is on them to make.

[hurikom]

Other than that I read a considerable measure of news and endeavor to take after the undertakings in wire talks, I take in a great deal of new here on the discussion. I additionally have companions who are likewise inspired by the universe of digital currencies. We share our contemplations, information and simply have a fabulous time. I imagine that in ICO and by and large in the possibilities of altcoins, an expansive number of various feelings are imperative.

[le_nam_1]

I am also an investor, however I am also very vague, not yet understood about how it works

[suprex333]

Crypto is a tool that can break the internet world, with technology that is sophisticated enough that crypto is one reason to get better results. We don't need to force people to study here, but let them be aware of the benefits of technology and crypto.