These Facts Indicate A Negative Condition of Cryptocurrency — Be Warned

[CoinsGazer]

Hello Community,

Presently, cryptocurrency is more about investment. I would suggest you invest in some potential cryptos such as BABB (BAX) and STK (STK) what are low priced without hypes. However, there are two paths cryptocurrency possibly will have in future: substitution for the present currencies or extinction as it explodes.

I prefer the first path but the possibility of second path seems greater after I informed some news and facts concluded in 6 reasons below:

1. Cryptocurrency is not regulated by any authorized organization. The issuer of cryptocurrency will not be in charge of commercial crime if there is. The issuers are mostly private companies when they don’t necessarily announce their financial statements.

2. The influence of cryptocurrency is not expected as it’s encrypted. The market capitalization indicates a volume of 419 billion and there’s a large part of transactions are crime activities. Bitcoin is now the biggest currency in black market by TOR browsing when regulators are impossible to track them. A few months after Silk Road was wiped out, many have opened extra terminals to proceed Litecoin LTC for a reduction of risks.

3. Can cryptocurreny be in use alike present currencies? The answer is NO but not fully negative. According to its unstable feature, this is not a good idea to proceed by cryptos. For example, if commodity is sold for 1 Bitcoin as Bitcoin prices at, let’s say $9,000, what if it drop to $7,000? Cryptocurrency possibly becomes steady after major countries promote cryptocurrency as one of major payment methods.


4. Your property is not completely safe in bank but securer than in crypto exchange and wallet. Typically, users upload crypto and personal information on Datum cloud by paying Datum coin so Datum is able to collect either profile or crypto from customers with a centralization strategy. Depositors in either bank or wallet confront similar risks: either bank or exchange account are possible become hacked; there is a chance that they become collapsed as well. However, these factors confront differently in possibility when bank is much more steady and regulated.

5. The restriction to cryptocurrency is far not enough. First, crypto is not a local case but the global what indicates a difficulty of control. Second, government will not give up on the currency issued. Thirdly, the government doesn’t want finance scam. In China, lots of cryptos marked as money-grab funds. CPChain (CPC) is one of these similar to Datum which you expose personal info to [Suspicious link removed]pany and charge cryptos for risky service.

6. Too many hypes are cast in mess. For example, Tokencard develops its own wallet based on TKN Crypto announced a joint with VISA before the CEO of VISA stated they would never progress any cryptocurrency transaction. As the result, TokenCard looted enough cash from fund but TKN price never goes up again as expected.

Is there any possibility cryptocurrency becomes the major currency? Of course, it could become possible and really depends on how fast the public accept it as currency.

Please kindly write your thoughts or disagreements, thanks!

[Javanewstar]

But cryptocurrency can bring us a lot of convenience.
This is also an important point.
Because transfers between countries have become more convenient.

[oceantiger]

Thank you for pointing out the potentials in BABB and STK. But your six reasons for the possibility of crypto extinction are more of assumption than any concrete reason. We have seen thousands of altcoins but not all of them are present with us now so some will be extinguished while others will excel. Let us get to the bridge first.

[CoinsGazer]

But cryptocurrency can bring us a lot of convenience.
This is also an important point.
Because transfers between countries have become more convenient.

Thank you! I have noticed this. Fast international transfer is one of the significant features. But stability seems more important to become major currency.

[CoinsGazer]

Thank you for pointing out the potentials in BABB and STK. But your six reasons for the possibility of crypto extinction are more of assumption than any concrete reason. We have seen thousands of altcoins but not all of them are present with us now so some will be extinguished while others will excel. Let us get to the bridge first.

Thanks! I would like to say the issues that cryptocurrency majorly has. I am a crypto investors personally but these are what I'm worried about the most especially when some news indicates these issues.

[Brianlee0112]

Yes this facts is beneficial for users also and it help the investors also bitcoin is a emerging sector so there is something happening which should not be but in business there in also pros and cons but that’s not mean crypto currency is bad but thanks for mentioning this ideas and it may helps the investors.

[bitmover]

These are not facts but your opinion. I think most of those "facts" are just wrong.

1. Cryptocurrency is not regulated by any authorized organization. The issuer of cryptocurrency will not be in charge of commercial crime if there is. The issuers are mostly private companies when they don’t necessarily announce their financial statements.

You are confused. Cryptocurrency regulation has nothing to do with crimes.
If someone still your crypto it's a crime in most countries. There are many examples out there.

2. The influence of cryptocurrency is not expected as it’s encrypted. The market capitalization indicates a volume of 419 billion and there’s a large part of transactions are crime activities. Bitcoin is now the biggest currency in black market by TOR browsing when regulators are impossible to track them. A few months after Silk Road was wiped out, many have opened extra terminals to proceed Litecoin LTC for a reduction of risks.

Dollar is used for illegal activities also.
According to wikipedia The United Nations Office on Drugs and Crime's World Drug Report 2005 estimates the size of the global illicit drug market at US$321.6 billion in 2003 alone.
This is more than 600x the whole cryptomarket.

So, this fact indicates dollar will fail too?

3. Can cryptocurreny be in use alike present currencies? The answer is NO but not fully negative. According to its unstable feature, this is not a good idea to proceed by cryptos. For example, if commodity is sold for 1 Bitcoin as Bitcoin prices at, let’s say $9,000, what if it drop to $7,000? Cryptocurrency possibly becomes steady after major countries promote cryptocurrency as one of major payment methods.

This is not a problem, as in this early stage of crypto prices can be adjusted periodically. People are selling pizzas since 2010 with BTC.

4. Your property is not completely safe in bank but securer than in crypto exchange and wallet. Typically, users upload crypto and personal information on Datum cloud by paying Datum coin so Datum is able to collect either profile or crypto from customers with a centralization strategy. Depositors in either bank or wallet confront similar risks: either bank or exchange account are possible become hacked; there is a chance that they become collapsed as well. However, these factors confront differently in possibility when bank is much more steady and regulated.

If you own your private key and you keep it safe, you are the only person in the world who can access these funds.
If your money is in the bank they take it from you anytime. They can revert ANY transaction. There is no 6 blocks confirmations in the fiat system. Even if the transaction is 10 years old it can be reverted.
If you don't have funds in your bank account, the bank can give you a negative balance. Summary: If your money is on the bank, it's not yours.

With crypto you own the funds, nobody can touch it.
All transactions in crypto are irreversible and nobody without the private key can touch them.

5. The restriction to cryptocurrency is far not enough. First, crypto is not a local case but the global what indicates a difficulty of control.

Crypto is not there to be controlled. It was designed to be uncontrollable.

Second, government will not give up on the currency issued.

Government can issue all the currency they want, that will not stop crypto.

[jasonkirbi]

Cryptos qre a lot more convenient to handle. Day by day, more people are getting involved with this market and there is a possibility that cryptocurrency becomes the major currency. Let's see what the future brings us!

[jasonhart]

Thanks alot for your post but i don't think that way actually. you are right cryptocurrency is more about investment. but it is helping us to go to future. day by day people are engaging with crypto curency raptily. we can hope that in 10 years it will be the future of curency.BTC

[drmilind2004]

Fiat currency is backed by the brute power of the nation-state.  Until any virtual currency can command a similar (militarised) backing, (which means it will inevitably be either founded or underwritten by a nation-state); most virtual currencies, even Bitcoin for that matter, remain hyped up versions of in-game currency.  Just because they are the flavour of the month today, doesn't mean they'll be in vogue another day. Think Lindens and Second Life, maybe you'll need to Google that one  

[Aleshia696]

The post is rwally long and mentioned many negative facts about bitcoin. This made me extremely sad but I still wanto hope for the best and believe that this condition will not sustain long and hope that the crypto market will take care of this facts and thus contribute in crypto development.

[salinaangel]

Every invest have some negative sites. Investors must have to careful about this. Day by day cripto currency’s popularity are increasing. For this reason if people are aware about these six reasons they earned lots of profit.

[Crown1]

Blockchain and bitcoins are inseparable.
So bitcoin has value, so I'm bullish on the whole market.

[_Apollon_]

Crypto currency is a completely new direction, it is still at the stage of development. Belief in it is still based only on supporters. Many people are still afraid of everything new, and that is why they are simply watching from the outside.

[linkybit]

Fiat currencies used for criminal activities so we can't stop using fiat currencies, same way cryptocurrencies used by both bad guys and good guys and we can't stop using it for bad people.

[sourish]

Caution and awareness are both good, but unnecessary hype and fear, retard growth of any kind. Crypto prices are volatile and investments risky, but have proven lucrative to a lot of people. The fear of flights crashing does not keep people from flying or sailing or any other such activity. Cryptos are gaining global recognition and slowly there will be acceptance and adoption too, with the changing faces of crypto reflecting from every part of our lifestyle.

[Elcapsono]

I can say only one thing everyone knows about it or at least guesses, but as a result of the changes it does not happen. Why till now crypto-currencies are limited and there is no their distribution, are not supervised and are not taken seriously, these problems stop many investors.