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Author Topic: "We asked people what is the biggest problem in the crypto market"  (Read 287 times)
EvaGC (OP)
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June 15, 2018, 12:17:56 PM
 #1

GLOBCOIN did a recent poll on Twitter, asking people what was the biggest problem in the crypto market, in their opinion.

"Even though all of the options are REAL problems right now, the results were a bit surprising: there is ONE concern that seems to surpass the rest"

Read more on their Medium: https://medium.com/@globcoin_io/we-asked-people-what-is-the-biggest-problem-in-the-crypto-market-a1ecdacbcde3
kevoh
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June 15, 2018, 01:39:54 PM
 #2

Price volatility, uncertainty, stability, lack of adoption are basically functions of price manipulation. If the price was not heavily manipulated the other four problems will not exist or at least be insignificant.

Meanwhile, EvaGC the globcoin link you inserted in the posted medium article is not opening. Try to rectify it.
dinoloverpete
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June 15, 2018, 01:58:50 PM
 #3

No real surprise to see price manipulation come out on top. It's heavily linked to many of cryptocurrencies issues around volatility and lack of adoption, even regulation in some way as it shows that there's not enough regulation in place to put a stop to these practices.

dealung
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June 15, 2018, 02:05:37 PM
 #4

Often experienced a long decline in prices, falling rapidly and rising slowly. Unlike the SHARE market where the price always updates every second of it.
Endikadija
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June 15, 2018, 02:36:01 PM
 #5

GLOBCOIN did a recent poll on Twitter, asking people what was the biggest problem in the crypto market, in their opinion.

"Even though all of the options are REAL problems right now, the results were a bit surprising: there is ONE concern that seems to surpass the rest"

Read more on their Medium: https://medium.com/@globcoin_io/we-asked-people-what-is-the-biggest-problem-in-the-crypto-market-a1ecdacbcde3
Because all of them have seen so many price manipulation at the moment. This is not the first pool i have seen it before. There is a lot of popular experts among the crypto traders has created a similar pool like this one and they said that the majority of people are voting the price manipulators always become the big problem in the cryptocurrency. And that's it.
bttmember
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June 15, 2018, 07:53:33 PM
 #6

I think the biggest issue for the investors is volatility and only because of that very reason crypto is categorized as high risk investment, for live example just have a look at bitcoins chart last year it went from around $1000 to all time highs of around $20000, similarly from the start of this year it has been declining from the highs and now trading around $6000 mark, all crypto coins have such volatility and that is why big investors are still hesitant to enter this market, but sooner or later they will enter because profit factor is huge in crypto market.

adroitful_one
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June 15, 2018, 08:13:12 PM
 #7

The biggest problem in crypto right now is safety. There's no way to gurantee that your coins will remain on an exchange for more than a few minutes. It's what's hurting crypto currencies the most. People are afraid to invest into something that can so easily be stolen. Manipulation is probably a good 2nd though.
EvaGC (OP)
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June 15, 2018, 08:31:28 PM
 #8

Price volatility, uncertainty, stability, lack of adoption are basically functions of price manipulation. If the price was not heavily manipulated the other four problems will not exist or at least be insignificant.

Meanwhile, EvaGC the globcoin link you inserted in the posted medium article is not opening. Try to rectify it.

Hi, it works perfect for me
lucakun
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June 15, 2018, 08:38:58 PM
 #9

In my opinion, the main issue is the high instability and volatility. Most of people are currently afraid of investing his savings in something they don’t know enough and plus with this up and down price. Allright, we are at the beginning of a new market and it takes time to stabilise.
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June 15, 2018, 08:54:46 PM
 #10

Price manipulation? That's really strange, 68% answered? Very suspicious to me. Maybe what we should be concerned about in crypto statistics is manipulation of statistics like in this one. Ask users of cryptocurrencies and they will be concerned about use. Ask bitcointalk users and of course they think about volatility and manipulation.

Seek out things scientifically. Tell us your sample size, tell us your methodology. This is what, poll? And you expect to base stablecoin on this?

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AlisaWhishie
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June 15, 2018, 09:06:44 PM
 #11

I also find it really strange that people have chosen price manipulation, it's not so crucual for a simple ICO investor, as a price volatiliy for example.
It would be even more abnormal if I suggested that a poll about price manipulation is also some kind of a manipulation, so let's just check everything.
This project, that posted this article in their blog, is creating a stablecoin, so the results of this poll may be fake, just to create an illusion of a high demand for their product.

28days_ever
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June 16, 2018, 06:03:01 AM
 #12

GLOBCOIN did a recent poll on Twitter, asking people what was the biggest problem in the crypto market, in their opinion.

"Even though all of the options are REAL problems right now, the results were a bit surprising: there is ONE concern that seems to surpass the rest"

Read more on their Medium: https://medium.com/@globcoin_io/we-asked-people-what-is-the-biggest-problem-in-the-crypto-market-a1ecdacbcde3
The main thing, as for me, is the volatility of prices and the non-acceptance of technology. The placement takes place very slowly, and I do not want to even introduce the implementation. Plus, such protracted bear trends are only frightening. There are many problems that over time will not be solved.
CryptoBry
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June 16, 2018, 06:32:41 AM
 #13



I have been following GlobCoin since I also promoted for the project when it was still doing its ICO and lately they have been doing some poll on many questions relative to cryptocurrency. In my opinion all of the reasons enumerated are connected in one way or another. Manipulation is a big issue because this is one factor that can undermine confidence and trust in the market and without them growth will be stifled and will be difficult. I can also add the fact that there are now many scammers doing business in the world of cryptocurrency as it is now easy to hide and to get resurrected from one project to another. We are hoping that as time goes on and the market of cryptos is getting matured, these things can be addressed properly not by outside regulators but primarily by the industry itself.
okala
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June 16, 2018, 07:05:58 AM
 #14

We are living in dynamic world and everything around us has one problem or another.  If we said bitcoin has no problem then we make ourselves a liar.  Cryptocurrencies are decentralized and therefore many evils people that want to commit evils with a hidden identity do used bitcoin and others cryptocurrencies to do that.
haryatiposton01
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June 16, 2018, 07:45:48 AM
 #15

The biggest problem of crypto is the unstable price, crypto is full of uncertainty, the rise and fall of crypto only based on the price of Bitcoin, crypto is an investment full of speculation and full of risk, there is no guarantee you will get a lot of profits, the problem of unstable crypto value next problem is security.
sunsilk
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June 16, 2018, 08:06:39 AM
 #16

Price manipulation isn't the biggest problem in the crypto market. It has been volatile so it's easy for whales to do manipulation.

But admit it or not, we small holders and traders are also riding those manipulations. When the market goes up, we are able to sell and take profit out of it.

One of the biggest problem in the crypto market is the number of shitcoins, they are growing and it should be stopped.

limtjoehua
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June 16, 2018, 08:07:14 AM
 #17

perhaps the main problem of crypto is education or understanding to the whole society in the world is uneven and the government has not fully know the advantages possessed by crypto and blockchain.

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Klovezio
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June 16, 2018, 08:28:41 AM
 #18

The biggest problem in crypto right now is safety. There's no way to gurantee that your coins will remain on an exchange for more than a few minutes. It's what's hurting crypto currencies the most. People are afraid to invest into something that can so easily be stolen. Manipulation is probably a good 2nd though.
Safety is really big problem, especially safety of exchange. Have heard of exchange hacked many times. And every time one exchange is hacked, the market gets red. People have doubt keeping bitcoin is really safe.
dinoloverpete
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June 16, 2018, 01:36:29 PM
 #19

Price manipulation? That's really strange, 68% answered? Very suspicious to me. Maybe what we should be concerned about in crypto statistics is manipulation of statistics like in this one. Ask users of cryptocurrencies and they will be concerned about use. Ask bitcointalk users and of course they think about volatility and manipulation.

Seek out things scientifically. Tell us your sample size, tell us your methodology. This is what, poll? And you expect to base stablecoin on this?

Why do you think that crypto users would have different concerns to bitcointalk users? I think volatility is one major concern for everyone and that tends to stem from manipulation.

TreXzar
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June 16, 2018, 01:51:37 PM
 #20

Price manipulation is easily done by whales, theres no getting away from that fact. Until the market cap increases to dilute their holdings, we the little fish can only swim in the currents of the whales. Good luck find more fish to join you, outsiders who are wary of crypto always find reasons to stay out of it

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