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Author Topic: The most frustrating thing about crypto  (Read 4319 times)
biogesic
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August 14, 2018, 08:10:51 PM
 #181

The most frustrating thing for me is that when I lost my private key, my portfolio stored there is lost forever. If only I could ask a copy from a dev or admin team  Cry
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August 14, 2018, 08:11:19 PM
 #182

I believe that the most unpleasant thing about crypto is to see the red market and wait for growth. For me, it's very unpleasant because I'm not very patient.
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August 14, 2018, 08:14:45 PM
 #183

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...
for now the situation is bad but if we want to wait and give another opportunity to crypto by investing I am sure everything will go well because if most people are frustrated and even leave the crypto will die and more people will lose

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biddicoin
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August 14, 2018, 08:16:53 PM
 #184

the most frustrating is now. many coins are down and my portofolio down too. i lose more than 90%
this is my biggest lose ever. i hope can recover as soon as possible

 
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Krezi777
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August 14, 2018, 08:17:10 PM
 #185

The most unpleasant thing about crypto is its instability. We do not know how much the cue ball will cost tomorrow. Here in this and weighing the beauty of the world of crypt. Today you are rich, and in the past you are bonkroth. This is the most unpleasant thing.
developer101dev
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August 14, 2018, 08:23:37 PM
 #186

The most unpleasant thing about crypto is its instability. We do not know how much the cue ball will cost tomorrow. Here in this and weighing the beauty of the world of crypt. Today you are rich, and in the past you are bonkroth. This is the most unpleasant thing.

Volatility of the market is the reason why bitcoins price is unpredictable but the volatile market is necessary in order to have huge amount of profit not unlike stock markets and banks that the profit takes a lot of time before your investments can grow.
Samtob4
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August 14, 2018, 08:33:01 PM
 #187

The most frustrating things am experiencing here in cryptocurrency is about are the delay in ico and exchange, and how to know scam project
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August 14, 2018, 09:23:07 PM
 #188

Personally i will say this idea of Kyc is really frustrating, because the outcome of it am yet to understand, you invest your money no kyc now time for you to withdraw they say u have to pass a kyc test
Another frustrating thing about cryto is the longer time it takes for token to get valued and also many scam activities in crypto
CryptoRama
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August 14, 2018, 09:42:19 PM
 #189

Well, your problem if you use shitty/shady exchanges like hitBTC, off course it'll be like they are directing, because who doesn't want to have money? And if you kill yourself because of money, then maybe money isn't for you to handle. Or you just lack the intelligence to know that it's just a tool. Also you should check the exchange, not just barge in like a train wreck just to have account on some exchanges, well you can barge in, but don't put all your money in, start with 100usd if you don't know the basics. And also, if you sended etherium from contract to contract, like from: online exchange to another online exchange, then it's just your fault for not reading the instructions, so I think the biggest problem here is this, people want only tha money, but if they would hear something about crypto, safer use, security in crypto or on internet/computer, then it would probably save their lives?

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sevenonetwo
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August 14, 2018, 09:51:34 PM
 #190

I think the most frustrating thing in crypto currencies is when the price of a coin that I have doesn't go well. I have held a few coins but the price is not as I expected even though as a fighter in the crypto currency I want to sell the coin immediately. I can't wait to buy a house for my stay. I'm sad when the crypto currency market is unstable because it makes me more frustrated. I honestly can't wait to wait because I need the money.

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August 14, 2018, 09:54:50 PM
 #191

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...
I think it is not the worse thing about crypto when it comes on adopting it by the masses. Moreover, volatility is the main issue which would stress the lives of people especially whenever the market value of their chosen crypto is falling. Ofcourse they are not into investment, let's say they only bought a particular crypto to use it, but what wouls happen is that loss of profit will still be observed by them unlike in fiat.
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August 14, 2018, 10:11:54 PM
 #192

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...

Yes, you are right that many exchanges do not normally transfer funds and withdraw them to their personal wallets. They constantly require proof of documents and personal photos. But this is our security, which we desperately need.
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August 14, 2018, 10:38:59 PM
 #193

Both my withdrawal and deposit has never been delayed on idex. I think it depends  on the amount of gwei you have set for that. Most of those who have ethereum are now dumping.
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August 15, 2018, 06:44:29 AM
 #194

When they hold your buy in que for so long that the value changes so much that you need to drop your buy and get it again on the grounds that on the off chance that you need that coin, they don't give you the choice of getting it at your unique price tag. They do a similar when you are offering your coin. They clutch it until the point that the value drops so much that you need to change the cost on the off chance that you need to dispose of the coin that miracles me.
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August 15, 2018, 06:48:09 AM
 #195

I joined here to get more information!
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August 15, 2018, 06:52:00 AM
 #196

my problem with this market is that its so fluating, mostly because most investors are youngster who doesn't really understand the market.
Whenever there's a sign of dips, they all sell so ruthlessly, causing massive market dump.
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August 15, 2018, 09:47:40 AM
 #197

This idea seems to be quite logic but fron the other side crypto has enough advantages to get over these problmes and to countinue its common spreading.

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August 16, 2018, 08:48:21 PM
 #198

Trades are not set up for moment exchanges yet, but rather it is reasonable now. What baffles me more are individuals that are settling on choices in view of their feelings instead of rationale which results in pointless FOMO and FUD, yet this is impermanent issue also. At the point when crypto will develop, it will be less unpredictable and these choices won't influence the market so intensely. It is about time, give it some space and later we will have faces brimming with grins.
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August 16, 2018, 08:51:21 PM
 #199

Sometimes it could be the clogging of the Ethereum network for erc20 based tokens or error in withdrawal. My withdrawal got stuck for weeks on one occasion from poloniex because my IP changed at the time
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August 16, 2018, 08:54:10 PM
 #200

This idea seems to be quite logic but fron the other side crypto has enough advantages to get over these problmes and to countinue its common spreading.
Yes, the challenges are not perculiar to crypo-currencies, other markets have similar or even worse problems, imagine for stocks, you may need some registered broker to help you liquidate you asset at significant commission
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