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Author Topic: The most frustrating thing about crypto  (Read 4319 times)
BlueBobbins1
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June 14, 2018, 12:45:21 PM
 #41

For me, the most unpleasant thing in the cryptocurrency industry is price instability.But this of course unpleasantly but I cannot say ,that this is bad.Vedt would be a stable price ,it would be possible to carry out sezde calculations of any coin,but we would not be able to earn at the races of course!
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Moiyah
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June 15, 2018, 12:48:08 AM
 #42

And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.

Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...

Whew! Can't believe it will took up to 30days and that is inefficient. My longest days for my transactions was just 1 day and a half for an exchange. If they can improve their transactions for withdrawing and depositing btc and other altcoins, then it will surely be majority to be voted in adopting cryptocurrency.
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June 15, 2018, 04:26:05 PM
 #43

The instability that's why I started to invest in Tokens

From my personal experience, I can highly recommend Socratus. The main aim of this project is to create a win-win insurance as you can get instant claim payment, fair dealing and what is more very pleasant prices. You can invest in this project with no doubt and the result would be just a matter of time!
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June 15, 2018, 04:39:24 PM
 #44

the most frustrating thing in the world of cryptocurrency is when the price drops and I am afraid of even greater losses and I end up selling the token, and when I have sold it suddenly in hours the token goes straight up the price in general.
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June 17, 2018, 03:49:04 AM
 #45

I think you are using GAS or GWEI too low in terms of transactions in Ethereum, so the network you use is slow for the transaction. I understand with Ethereum token network but not with other coin.

so the higher the GAS you use for the transaction, the faster your token transaction will be sent to the Exchange in the go.
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June 17, 2018, 04:10:53 AM
 #46

For me, the most unpleasant thing in the cryptocurrency industry is price instability.But this of course unpleasantly but I cannot say ,that this is bad.Vedt would be a stable price ,it would be possible to carry out sezde calculations of any coin,but we would not be able to earn at the races of course!

It is very frustrating when you have investnents on failed ICO projects and the very low value of tokens that cannot break even with the cost you have spent. The time and effort you have given is not being compensated.
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June 17, 2018, 04:30:59 AM
 #47

I think it's because blockchain technology still new and need some upgrade before it can adapted became real payment. I think very frustrating thing about crypto is when your coin dump after Bounty and Airdrop Hunter sell immediately sell their coin.
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June 17, 2018, 04:43:38 AM
 #48

And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.

Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...

Frustrations is part of the business. Sometimes failed ICO  occurs and there are a lot of scammer that are circulating. But for me we have to go on an keep motivated because there are still good profits that awaits us.
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June 17, 2018, 04:51:41 AM
 #49

I think the main problem still block the jam problem, so this is what the current problems of  blockchain, throughput is not enough to satisfy such a large volume, so I think it limits the development of encryption the money market.

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June 17, 2018, 05:17:36 AM
 #50

things like that can still look for the way out. simply find the exchange other than idex can make withdrawals and transactions quickly. the most into the minds of many people even make crypto is frustrating in itself a very fluctuating so much makes people feel the loss even broke to lead to suicide.



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June 17, 2018, 11:02:58 AM
 #51

For me, the most unpleasant thing in the cryptocurrency industry is price instability.But this of course unpleasantly but I cannot say ,that this is bad.Vedt would be a stable price ,it would be possible to carry out sezde calculations of any coin,but we would not be able to earn at the races of course!
What's normal for the spider can be chaos for the fly; Perhaps for a hodler it would be stressful to watch bitcoin's price go up and down but price instability is a trader's friend as they profit from the volatility. I personally like this trait of cryptocurrencies, what I don't like however is the greediness of people when they shill a coin they are bag holding that causes newbie investors loose money. This ultimately hinders crypto adoption and needs to stop immediately.

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June 17, 2018, 11:06:21 AM
 #52

In my opinion, the most frustrating thing is fact that only a few governments decide to regulate cryptocurrency
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June 23, 2018, 02:00:02 AM
 #53

And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.

Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...

these is true, i tried  to make my first  deposit  on Binance exchange site,  taking 10 hours to arrive in my deposit wallet. personally, i think that was ok but not fast enough, So, if Binance adapts a faster way ,it will be great to investors.In my opinion  Binance is different, and has more space for improvement.
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June 23, 2018, 02:17:04 AM
 #54

in my experience, the most frustrating thing I had encountered was that after I had finished my ICO from my signature campaign, we were left without a word from the bounty manager as to what happen with the ICO. No token calculations were sent as if nothing happens, I guess the one I had joined last time was a scam ICO.

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June 23, 2018, 02:36:44 AM
 #55

I agree with you, crypto is not ready for mass production, with a small number of users of the world population, crypto must offer a reliable system for investors,Idex, Cryptopia, and other exchanges still often experience system failure, this should be handled and repaired.
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June 23, 2018, 02:50:53 AM
 #56

Most of users want to earn that's why they here i think that's good still the better is not rely your life here like treat crypto for past time and basics knowledge for business that's the real then good about crypto remember that always if your here another thing the knowledge here are so many like with different ideas here in forum and that's good like we can use some of that in real life we can also take some risk sometimes in gambling here then it so easy here to play not like in real life gambling and this is affordable because we can play with just a little money here in crypto so no need to feel bad
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June 23, 2018, 03:03:29 AM
 #57

And that is exchanges who are keeping coins/tokens hostile for a long period of time. When I deposit or withdrawal from an exchange often times it just keeps it in pending status. Now I'm waiting for an idex deposit, 4 hours passed. My worst case was a withdrawal at cryptopia which took 30 days.

Crypto is not ready to be adopted by the masses. Lots of suicides would be the result...

Such cases mentioned above are very frustrating because there is emotional trauma of waiting for your deposits or withdrawals to go through in crypto exchanges. The worst case is that of waiting for several days especially when the amount involves is very huge. One other frustrating area about crypto is when price refused to grow for a very long period and you have invested heavily on a particular coin.

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June 23, 2018, 03:07:02 AM
 #58

Most of users want to earn that's why they here i think that's good still the better is not rely your life here like treat crypto for past time and basics knowledge for business that's the real then good about crypto remember that always if your here another thing the knowledge here are so many like with different ideas here in forum and that's good like we can use some of that in real life we can also take some risk sometimes in gambling here then it so easy here to play not like in real life gambling and this is affordable because we can play with just a little money here in crypto so no need to feel bad

I think that's what all people want when they enter the crypto space, to earn money or profit from their investment. You just need to be patient cause crypto is not a quick rich thing, like what others think because of what happened in the past years that those who bounty btc on 1k below and when btc sore very high. That's what people thinking of that if you are into crypto after  month or a year you'll multiple your money. Crypto is frustrating if you can't hold your assets and panic sell when market goes bad.
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June 23, 2018, 03:28:20 AM
 #59

Yes indeed, crypto is not ready for mass production and we have to understand about it, but we still have to be sure that investment in crypto still make good opportunity for future

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June 23, 2018, 03:34:37 AM
 #60

Crypto indeed could not fully be adopted by the masses. There are still many considerations and improvements to be made, but even so the now crypto can already provide considerable results. on the Exchange and withdrawal, it takes time because it doesn't just focus on one transaction only and this should certainly be made fair.

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