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Author Topic: The most frustrating thing about crypto  (Read 4328 times)
kliown
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November 02, 2018, 11:43:23 AM
 #401

Recently, I have not had any problems with the transfer or withdrawal of funds. Previously, quite often transactions could take a long time, now in the region of 5 - 10 minutes.
rltim555
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November 02, 2018, 11:45:22 AM
 #402

As for me it is double standards. Today idex announced verification,but did you know that they were decentralized exchange?
Now they are becoming centralized exchange!
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November 02, 2018, 12:40:01 PM
 #403

The thing that made me disappointed was when I joined the ICO project. And the project I'm working on is 2 to 3 months according to the duration of the project. But when they will make payments and be delayed, of course, this frustrates me. Because we definitely need money for living expenses.
I would advise you to think about participation in the ICO as an opportunity to earn some money, you can’t hope for a steady income in this area, because there is too much chance to earn nothing at all.
There is no point in getting mad about Crypto, just trade to make the money you need then get out.

Absolutely right, most people make the mistake of being too emotional about crypto, fall in love with projects and blindly believe that some kind of coin can make them rich. Crypto is just a tool for making money, and the sooner you understand this, the less emotion you will experience from failures or victories.

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November 02, 2018, 12:40:38 PM
 #404

The most frustrating part in crypto is when those news, articles and especially  youtubers that give false hope that promises that the market will pump again. I've got tired of that. It's like every week or month, they have another clickbait for desperate traders like me to feel positive then will found out that nothing really happened.
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November 02, 2018, 12:52:02 PM
 #405

The thing that made me disappointed was when I joined the ICO project. And the project I'm working on is 2 to 3 months according to the duration of the project. But when they will make payments and be delayed, of course, this frustrates me. Because we definitely need money for living expenses.
I would advise you to think about participation in the ICO as an opportunity to earn some money, you can’t hope for a steady income in this area, because there is too much chance to earn nothing at all.
I guess he's a bounty hunter, and the ICO is not so great for investors now, it makes so many bounties unsuccessful and bounty hunters will not be able to pay, or delay . I see you have nothing to disappoint, just work hard and wait for the market to recover, bounty only good when the market recovers
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November 02, 2018, 12:58:55 PM
 #406

yes I agree the high wait time in centralized exchange is The most frustrating thing about crypto right now i think in the near future people will use more and more decentralized exchanges Smiley
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November 02, 2018, 10:20:08 PM
 #407

For me I don't have any problem with an exchanges sites because it works perfectly to me, it only needs patience and if you encounter problem then try to contact with the support, it is very frustrating if you can't handle this things because here in crypto we can encounter a lot of things and it is very risky as well.

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November 02, 2018, 10:24:40 PM
 #408

It also seems to me that there is a very big problem with the scalability of cryptocurrency and at the same time the exchanges cannot serve the number of users that they currently have. What growth are we talking about?

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November 02, 2018, 10:45:18 PM
 #409

Maybe you have chosen the wrong market so that it takes a very long time to make a withdrawal, so far I have entered a large market and buying and selling assets there does not take a long time to just withdraw some assets to be transferred to the wallet or market, for you better choose a proven market and avoid a less obvious market.

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Kristina3456
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November 03, 2018, 09:22:41 PM
 #410

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...

Doing cryptocurrency, I realized that the main thing in it is patience . Patience with the faults in the system waiting for a transaction token exchanges. Either educate yourself in it, or drink sedatives
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November 04, 2018, 12:34:44 PM
 #411

I don't know... I think that my main investment in Cointroops will be a failure. That's the worst idea of cryptocurrency, which I comprehend.
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November 04, 2018, 12:38:06 PM
 #412

The trouble today depends on the fact that the market situation has changed and many people simply cannot understand that today most of the investors are in a serious bad situation. I hope that in general the trend will change sooner or later
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November 04, 2018, 12:40:52 PM
 #413

I must agree, crypto needs to develop, so average people can also use it comfortable, and safely. Exchanges are one of the weak points, especially the centralized ones, which do not neceserely bring the benefits of cryptocurrencies.


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Caelanpelley
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November 04, 2018, 12:53:21 PM
 #414

The most annoying thing about cryptography is that the market is unstable, prices are erratic. The transaction is only done on the machine but not face-to-face, we will not know who that person is. It's like playing a game of chance. May will make a lot of money, will be rich. Luckily, money is lost.
Slash61
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November 04, 2018, 01:01:13 PM
 #415

I must agree, crypto needs to develop, so average people can also use it comfortable, and safely. Exchanges are one of the weak points, especially the centralized ones, which do not neceserely bring the benefits of cryptocurrencies.
until now the function of money indeed cannot yet crypto is felt by many people. still around specific community, that the use of crypto investasi as an asset not used as money and means of payment. It will be but I think progress can certainly bring crypto crypto will increasingly be enjoyed by many people.

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November 05, 2018, 03:04:00 AM
 #416

Your issue regarding on the Idex deposit, is that the idex completely relies on the ethereum network. It may take some time when the ethereum network is clogged. Especially when you have a low gas deposit upon sending. But rest assured you will get the tokens soon. You just have to wait for it.

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fortelen
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November 05, 2018, 06:18:21 AM
 #417

I think it is a common problem faced by everyone in Exchange. When wanting a fast transaction necessarily could but just maybe this will take a fee for doing so. Crypto is indeed still had many flaws because the Exchange not only responds to the request of one individual but I think it is reasonable to happen and not the disadvantages that too should be in question.

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November 05, 2018, 04:48:45 PM
 #418

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...

It is really unpleasant but I think soon many exchanges will be able to solve this problem. I try to choose those who produce fast withdrawal and do not keep all my coins in one place.
Chomsy
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November 07, 2018, 08:02:48 PM
 #419

Your experience is quite bad and I feel your pain. So many things going on in the crypto space. The most important is your assets security. I suggest you write to the support of such exchanges, don't panic. Happened to me once or twice but it got resolved immediately I wrote to the support.
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November 09, 2018, 12:11:06 PM
 #420

I did not have such cases, usually the Deposit is normally credited and withdrawn too quickly, see how much you have gas, I just hate that some exchanges have large restrictions and can not be withdrawn

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