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Author Topic: What cryptocurrency needs most nowadays  (Read 386 times)
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April 16, 2018, 02:37:25 AM
 #41

I think there are many of them and buying only one of few of them would be a mistake. Also it depends on the level of the experience you have in the crypto investment. If you are not that much experienced, then you’d better start with something more classic, like bitcoin, ethereum, neo might be considered.If you want to make it more interesting, consider participating in the ICO in this case. Follow several channels for the review, consider different projects and then invest.
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April 16, 2018, 06:48:02 AM
 #42

Cryptocurrency needs proper identity verification
It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.

Probably that will be the best thing that are needed in cryptocurrency which is the proper identity and can be additional to this is to have a much suite and much better regulations therefore it cannot easily using by some worst people in their illegal transactions. As we known that there are a lot of news that regards to crypto involvement that's why some other peoplpe are afraid or hesitate to have an involvement in crypto world and maybe the reason why some government are really banned it in their respective countries.

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April 16, 2018, 06:57:00 AM
 #43

Cryptocurrency needs proper identity verification
It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.

Probably that will be the best thing that are needed in cryptocurrency which is the proper identity and can be additional to this is to have a much suite and much better regulations therefore it cannot easily using by some worst people in their illegal transactions. As we known that there are a lot of news that regards to crypto involvement that's why some other peoplpe are afraid or hesitate to have an involvement in crypto world and maybe the reason why some government are really banned it in their respective countries.
I don't think the proper identity needed to use crypto currencies then what is the use of decentralized it is almost like old and more worse than the fiat money system.So we don't need identity if we have then people may think that then what is the difference between currency and new and why we need to move to a new system.But governments are really scared of economical crisis not the terrorist activities that is the reason they are banning crypto currencies.

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April 16, 2018, 08:05:46 AM
 #44

I think cryptocurrency needs the government's support most!

Benign regulation can prevent hackers and fraudsters from exploiting the dispersion of cryptocurrencies and using it to commit crimes.

A good investment environment will bring more investors to the cryptocurrency market.

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April 16, 2018, 05:51:23 PM
 #45

I believe that it is the time when we should retrospect over selves and focus on it as a currency but unfortunately most of us are busy in using it as a speculation instrument. I am not against it but the core of crypto is all about transferring values from one point to another and we are not focusing on it. This is the fact that we are still in the development phase and we have a long way to go but we need to put our first step as a mass user base with that intention to make that happen.

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April 16, 2018, 06:33:47 PM
 #46

I think cryptocurrency needs the government's support most!

Benign regulation can prevent hackers and fraudsters from exploiting the dispersion of cryptocurrencies and using it to commit crimes.

A good investment environment will bring more investors to the cryptocurrency market.
You seriously want more government intervention? While I do want more investors to enter the market, I don't see why we need government support. They had their chance to support the cause for the first 7-8 years but they didn't. The only reason they are "supporting" crypto now is because their greedy butts see opportunity to make some money. Nothing new and we should have expected it but nonetheless I don't for a second think we should have more government intervention, they will only make things worse. Worse of all the laws they implement are already obsolete, which makes their invention utterly futile.

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April 16, 2018, 07:48:18 PM
 #47

I believe two major things crypto needs now are mass adoption and institution of reputation (in order to minimize the damage from scammers).
The only thing which can help the entire crypto market in much better way is none other than that of the increase in the demand of the crypto coins in the international market and that can only happen when the awareness rate of the crypto coins will be increased in the international market. You need to make more people aware of the crypto coins so that they should also start investing their money into it.

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April 23, 2018, 02:53:58 PM
 #48

According to me, all that cryptocurrencies need is the support from the government and countries. The negative attitude of the government towards cryptocurrencies is the major hindrance in development of the cryptocurrencies. Also, there are many loopholes in the crypto market like security issues. But these problems can also be fixed easily with the supportS of government.
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April 24, 2018, 07:11:20 AM
 #49

According to me, all that cryptocurrencies need is the support from the government and countries. The negative attitude of the government towards cryptocurrencies is the major hindrance in development of the cryptocurrencies. Also, there are many loopholes in the crypto market like security issues. But these problems can also be fixed easily with the supportS of government.

Central banks and governments are feeling threatened by the rise of crypto assets. The banks are losing investors and trading fees, the governments are loosing taxes. It won't be easy, specially with all the scams and criminal activities which are using crypto to make a profit.

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April 24, 2018, 07:21:46 AM
 #50

Cryptocurrency needs proper identity verification
It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.
Right, and the more reason for the regulations from the governments and other popular platforms like facebook and twitter. These bodies fear that crypto mislead people due to the anonymity in crypto. Once a proper identification system is built, the interest of the governments will be geared towards crypto and from there, crypto can easily enter the real world as envisioned.

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April 25, 2018, 11:23:12 AM
 #51

I think cryptocurrency needs the government's support most!

Benign regulation can prevent hackers and fraudsters from exploiting the dispersion of cryptocurrencies and using it to commit crimes.

A good investment environment will bring more investors to the cryptocurrency market.
Obviously government at some point or the other will just have to show that support but we cannot expect some full support and the highest level of support we can ever get is the whole thing with regulation which is apparent they would want to make use of to benefit them-selves in the long run.

The stage we never planned for is where we are getting at and this is because human nature itself cannot be controlled no matter how good the idea of decentralization sounds. Scammers, greedy investors, gullible ones, are already taking up the space and ruining the whole idea, but let's see how regulation is going to end up playing out in all these.

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April 25, 2018, 11:42:45 AM
 #52

There are many things that are required by cryptocurrencies nowadays if they want to grow in this existing volatile market like recognization by people on mass scale which will boost demand and prices of coin.Other things are security,indentification of investors to prevent fraud.Most likely as said above the funds to be secured on wallets and exchanges which are owned by group of persons which might turn down all you money within seconds.So for growth of this crypto market we need a lot things for which we need time.

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April 26, 2018, 10:07:35 AM
 #53

According to me, all that cryptocurrencies need is the support from the government and countries. The negative attitude of the government towards cryptocurrencies is the major hindrance in development of the cryptocurrencies. Also, there are many loopholes in the crypto market like security issues. But these problems can also be fixed easily with the supportS of government.

Central banks and governments are feeling threatened by the rise of crypto assets. The banks are losing investors and trading fees, the governments are loosing taxes. It won't be easy, specially with all the scams and criminal activities which are using crypto to make a profit.
There is nothing to deny about this thing that banks are quite threatened by the crypto currencies and that they can really see their future getting in dark because of the reason that most of the people are shifting towards crypto currencies and that they are not keeping their money into the banks and we can really hope that the crypto currencies can lead the world in a better way.

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April 26, 2018, 10:12:36 AM
 #54

legality of the government and also positive news from media and world leaders. because crypto is currently in need of a lot of support when prices are falling.

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April 26, 2018, 10:25:58 AM
 #55

legality of the government and also positive news from media and world leaders. because crypto is currently in need of a lot of support when prices are falling.

Without any doubt, this is the most prior thing we need for cryptocurrency these days i.e. Government support and media supporting rather than degrading its image in front of newbies which makes them more afraid and away from cryptocurrency. Media creates an image which portrays bitcoin as illegal way of investment or used for money laundering.

News like  https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/ralphjennings/2018/04/26/china-is-tightening-its-grip-on-cryptocurrency-to-promote-rather-than-purge-it/&refURL=https://www.google.co.in/&referrer=https://www.google.co.in/

further ignite the topic, I think government should help the market to grow rather than trying to demolishing as it will be a useless step.

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April 26, 2018, 10:27:17 AM
 #56

There are many things that are required by cryptocurrencies nowadays if they want to grow in this existing volatile market like recognization by people on mass scale which will boost demand and prices of coin.Other things are security,indentification of investors to prevent fraud.Most likely as said above the funds to be secured on wallets and exchanges which are owned by group of persons which might turn down all you money within seconds.So for growth of this crypto market we need a lot things for which we need time.

Cryptocurrencies already been increasingly  becoming popular due to its more usage and functionality. In terms of security, since our assets are in the digital wallet, we can't fully can guarantee that it is 100% safe and I think that should be what the programmers/developers should focused. In terms of growth, well, we already know that we can really can gain huge amount of money if we invest it in long-term basis. I can only guarantee the top 5 coins.

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April 26, 2018, 10:32:41 AM
 #57

In my particular country I thing we need more and deeper understanding of how cryptocurrencies are operating

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April 26, 2018, 11:02:08 AM
 #58

Cryptocurrency needs proper identity verification
It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.

It will certainly increase the users but is in contrast to the vision of developers. They wanted the transactions to be anonymous to make it difficult for bank to trace it.

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Trimegistus
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April 26, 2018, 12:38:15 PM
 #59

Crypto trading/investing/mining needs to build up a a reputation of legitimacy, honesty and transparency.

The huge number of ICO scams are causing major damage to this activity. We need to stop this!

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April 26, 2018, 01:17:46 PM
 #60

Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges  Grin but no worry we have great dex OAX developing

No, we don't need exchanges, centralized or decentralized.
If we're going to really move to a cryptocurrency we must start using cryptos directly.
Right now exchanges have gone far from what they were supposed to be and ended up as a stock market where everything is priced in fiat.

We only need places where people that haven't yet bought coins can buy them, and A LOT of places where people can spend their coins without having to sell them for fiat before.

I definitely agree that we need all that, places where people can spend their coins directly, merchants accepting crypto without looking for payment processors, etc. But how are we going to get there? Bitcoin has been widely known for at least 5 years, since the Mt.Gox times. And did we get any further from there? You can't force Bitcoin's use in the economy. With that said, truly decentralized exchanges or rather wallets which provide the decentralized exchange features may be a small step in the right direction, which we should make quite a few till we get where we want to be.

Actually we know about different crypto and pros and cons. TOP one crypto (Bitcoin) limited supply is about to get a bit more limited but still there's a lot of variability in the process thus there will always be plenty of bitcoin to  go around. Most cryptocurrency needs now a days is  a detailed explanation of the supply and digital scarcity.
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