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Author Topic: can cryptocurrency succeed?  (Read 3216 times)
motun01 (OP)
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September 14, 2018, 10:08:35 PM
 #1

Cryptocurrencies have proven that we Can transact anonymously without a centralized interference.
The Blockchain has proven that data can be stored in a decentralized public ledger against any form of manipulation.
Smart contracts has proven that two or more people can trust a system in which the assigned contract managing it will be fair to all parties...

When speed, simplicity and efficiency is added to all of this I think decentralization and blockchain technology can go far in the real world as regards adoption.

What do you think of the chances of cryptocurrencies to succeed?.

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September 14, 2018, 10:14:12 PM
 #2

indeed, this is true, but we have to see from the other side, there are many obstacles to this crypto, one of which is a regulation that does not yet exist from government agencies, and there are some people who see the negative side of this crypto.
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September 14, 2018, 10:17:13 PM
 #3

Cryptocurrency has already succeeded and there is no point doubting if it will succeed or not. The market is down, that does not mean crypto has not succeeded.
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September 14, 2018, 10:18:24 PM
 #4

Crypto currency is already succeeding and it's just waiting to take over and boom, it becomes the new method of transaction. Many may not see it as this now but in the end, it will surely happen. Crypto is sure the answer.
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September 14, 2018, 10:20:57 PM
 #5

indeed, this is true, but we have to see from the other side, there are many obstacles to this crypto, one of which is a regulation that does not yet exist from government agencies, and there are some people who see the negative side of this crypto.

Yeah, Regulation is the major hurdle in the path of crypto and also many scared to adopt it due to hig up and down. Majority crypto used like as an investment more instead of solving real problems more. But with the time all the things are changing. Like investors not dumps like in the old days. And also projects with not much innovative ideas gets to failed. It's just beginning of crypto hope to see at good level in the coming years.  Cheesy

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September 14, 2018, 10:26:27 PM
 #6

Surely, cryptocurrency can succeed and will succeed. People may not know the value and importance of cryptocurrency now but eventually, they will realize it is truly the answer and they will embrace it. It's only a matter of time.
Rrtt
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September 14, 2018, 10:27:40 PM
 #7

Cryptocurrencies have proven that we Can transact anonymously without a centralized interference.
The Blockchain has proven that data can be stored in a decentralized public ledger against any form of manipulation.
Smart contracts has proven that two or more people can trust a system in which the assigned contract managing it will be fair to all parties...

When speed, simplicity and efficiency is added to all of this I think decentralization and blockchain technology can go far in the real world as regards adoption.
With regards to blockchain technology i think it will be adapted worldwide because of it's advantageous features like transparency and fast. It would reduced the time of transactions which is very favorable to any agency may it be private or public institution.

What do you think of the chances of cryptocurrencies to succeed?.
With regards to cryptocurrency i think they need to make this less volatile for everyone to adapt to it.
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September 14, 2018, 10:27:46 PM
 #8

Cryptocurrencies have proven that we Can transact anonymously without a centralized interference.
The Blockchain has proven that data can be stored in a decentralized public ledger against any form of manipulation.
Smart contracts has proven that two or more people can trust a system in which the assigned contract managing it will be fair to all parties...

When speed, simplicity and efficiency is added to all of this I think decentralization and blockchain technology can go far in the real world as regards adoption.

What do you think of the chances of cryptocurrencies to succeed?.

The crypto gives a simple method right now to store our value. But sadly there was no developer can even try to implement the crypto and blockchain in our real life.
crypto is good but so many incompetence developers are working for nothing right now and it's just to raise the money.
crypto has a lot of chance to be succeed but i don't know when that will be happened.

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September 14, 2018, 10:28:38 PM
 #9

Cryptocurrency have been succeed and will always be, so let look forward for great achievement in life of crypto, and we should aim the best for it
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September 14, 2018, 10:29:14 PM
 #10

I believe it will but it is only a matter of time. So many sector will fight against it because they know with its approval, they may lost their jobs. While other people don't have proper understanding of how it works. They still see it as ponzi scheme.
motun01 (OP)
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September 14, 2018, 10:32:37 PM
 #11

indeed, this is true, but we have to see from the other side, there are many obstacles to this crypto, one of which is a regulation that does not yet exist from government agencies, and there are some people who see the negative side of this crypto.

Yeah, Regulation is the major hurdle in the path of crypto and also many scared to adopt it due to hig up and down. Majority crypto used like as an investment more instead of solving real problems more. But with the time all the things are changing. Like investors not dumps like in the old days. And also projects with not much innovative ideas gets to failed. It's just beginning of crypto hope to see at good level in the coming years.  Cheesy

Yes definitely, you are right. However I think regulations are going to be a welcomed addition to this space because a lot of criminal activities ate going on in the crypto space which i think needs to be curbed. The ICO scams  for example ate too rampant in our time and also different kinds of market manipulation which may qualify as irregularities in a regulated system.
Regulations will only be a thing to stand against if it goes against the core values of the Blockchain which ate privacy and anonymity.

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September 14, 2018, 10:48:43 PM
 #12

Crypto can succeed only if the regulation process, scaling process and adoption really takes place because these are the main concern about the crypto and the government want some piece of it that's why they are fighting to conquer it if they can not gain any tax dues and that's why they call it illegal because of some non-government compliance.
dablatair
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September 14, 2018, 11:00:02 PM
 #13

We need time to have better confidence in this new world of crypto. Also it will probably come with more regulations, even if it is in contradiction with some projects, but without this trust could not fully come from people who dont know the market.
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September 14, 2018, 11:04:15 PM
 #14

of course, because cryptocurrency is a digital currency that will succeed in the future because it has a very good function.

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September 14, 2018, 11:06:05 PM
 #15

I believe that in the future cryptocurrency will become more and more popular but also from the States will be imposed restrictions because they do not like the anonymity of cryptocurrency
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September 14, 2018, 11:30:20 PM
 #16

Blockchain has been into the real world and there are companies and industries that already adopted it.

Adoptions are coming.

Have you read this? Antonopoulos: Crypto Success Is not Measured by Price, but by Adoption.

motun01 (OP)
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September 14, 2018, 11:32:49 PM
 #17

The real value if cryptocurrency and Blockchain technology is not in what the market value or the total market cap is. The real value is in its adoption and how it is been used in thw read world by companies, individuals and businesses.
I think we are already approaching this adoption and although there would not beuch to be done if the regulations ate not in favor of cryptocurrencies, there is no reason to be skeptical.

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September 15, 2018, 08:34:36 AM
 #18

If crypto becomes close to human life then this is unlikely to happen, so I think the market will hardly be able to recover, but we keep patience and wait for opportunities. will come to us
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September 15, 2018, 08:46:59 AM
 #19

Definitely yes,, crypto is taking over all sectors now...
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September 15, 2018, 09:08:15 AM
 #20

bitcoin as a cryptocurrency has already succeeded in performing in a way that was expected of it. which is as a decentralized global payment system without any restrictions or censorship for those who use it.

don't be disheartened just because you keep seeing a lot of useless altcoins that are getting pumped and dumped every day without any purpose. they are merely the side product of a successful project.

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