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Ultimist
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October 21, 2018, 11:48:53 PM |
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I think that over time the number of scams will be more and more and this will be the main problem of crypto. People will be afraid to invest and it will be necessary to solve this problem. To spread the crypto to the masses, we need to show that it is safe.
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SlickMoTwoToe
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October 21, 2018, 11:55:30 PM |
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Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
If it will became the universal currency in next 5 years then we should have a fast internet connection, a lot of power supply so that we will not have a power shortage, but when it comes to a project then many scam project will be born because they will use advantage when the investor are newbie, then make sure you have strong security on your wallet so that you will not hack. |
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xp.rie
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October 22, 2018, 02:10:43 AM |
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Specifically in the next 5 years, what do you think will be the greatest challenge or problem that the crypto market will face, and how do you think the market will overcome this problem? I also wonder if AI can help crypto trading safer and free from hacking and scamming?
I think for now it is a serious problem in the level of decline, almost a full year the market is always dominated by the red trend, so there is no need to think for the next 5 years, until now we still have no picture for recovery or stability |
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Nurshazwani
Newbie
 Offline
Activity: 21
Merit: 0
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October 22, 2018, 02:23:14 AM |
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In the near future, I think cryptocurrency will face lost in trust in government-backed, or fiat, currencies, a cryptocurrency future could come about by default. That may be a risk not only in places like Venezuela but also in the U.S where federal deficits are spiraling.
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ClassyDancer
Jr. Member
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Activity: 126
Merit: 1
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October 26, 2018, 05:36:26 AM |
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I think the biggest challenges for crypto in the future would of course be adoption. Then there’s law/regulation, plus the anarchy or anti-government mindset. I think most crypto supporters are afraid of government power, correct?
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bigbosma
Member
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Activity: 378
Merit: 10
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October 26, 2018, 02:06:43 PM |
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In addition to the fact that most authorities prevent the development of bitcoin, we may face the problem of low technological development of people, which also complicates the adoption of bitcoin as a currency. Absolutely not all people have smartphones, computers and not all possess basic computer skills. This means that they can not use bitcoin as a means of payment.
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shoreno
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October 26, 2018, 02:12:22 PM |
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In addition to the fact that most authorities prevent the development of bitcoin, we may face the problem of low technological development of people, which also complicates the adoption of bitcoin as a currency. Absolutely not all people have smartphones, computers and not all possess basic computer skills. This means that they can not use bitcoin as a means of payment.
if a person is trully obssed to learn and to use a crypto , he will alwyas find a way to work on it . most us ( including me ) were also came from poor families and most of us dont also have the talent or skill to learn cryptos but look at us now ! we are now using a crypto and we are now owning a high end gadgets because of the help of cryptos . see ? for sure anyone could also do what we already did , only if they are really dedicated and passionate about thier dreams and goals in life . |
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kenel
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October 26, 2018, 03:30:24 PM |
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the main problem for everyone is the entry of large investors into the market, who are currently waiting for an ETF solution
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MAJICOIN
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October 26, 2018, 04:16:14 PM |
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I think the major problem for bitcoin is the acceptance issue in different countries and the government opposition due to this the bitcoin is not flourishing at all and it is true that crypto market is rising for a good purpose once you buy bitcoin just try to make a way or trade it for the profit now people are buying different coins for future profit and most of the ICO are high in demand for the public and for investors, like crypto is the key for entering into online casino and online games.
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FlightyPouch
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October 26, 2018, 04:23:59 PM |
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the problem is regulation.
I think this will be a problem, not because governments will not accept or regulate Bitcoin or other crypto currencies in the future but becausw it will lead to something that will or may end up Cryptos. With a lot of regulation, there will be a lot of transaction and I don't think crypto currencies are readt for that. Bitcoin has a problem with massive of transactiona in the past so I think this might be the problem in the future. |
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yulionoo
Sr. Member
Offline
Activity: 756
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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October 31, 2018, 05:40:31 AM |
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the biggest challenge in my opinion has always been the large number of shitcoins that keep being created and all the scams that they are performing so that they can make more money by scamming the newcomers. this in general is making the whole market look worse.
right I agree with you that more shift coins are created. so there will be a lot of ICO fraud because now many bounty projects are scam. so you should study and analyze before deciding to invest or work in an ICO project. and also negative issues or FUD is a problem that is often faced by cryptocurrency. FUD can influence people to sell or buy cryptocurrency. if most people are affected, this will make the coin price movements change. |
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thinkright
Copper Member
Jr. Member
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Activity: 280
Merit: 1
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October 31, 2018, 05:48:54 AM |
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There are a whole lot of scam and shit projects entering each day and the number is bound to increase as time goes on. They are making it unsafe to invest in crypto for most especially novice and even veterans. As the crypto sphere enriches as it evolves, it will attract more of these bad guys in the coming years
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Callanta787
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October 31, 2018, 10:08:34 AM |
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More shitcoins and scam projects will make bitcoin lose face in the future,this is why I want something to be done about shitcoins and scammers out there,and we might see new hackings but only newbies will keep falling for such
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Pan Troglodytes
Member
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Activity: 392
Merit: 39
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October 31, 2018, 10:15:34 AM |
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More shitcoins and scam projects will make bitcoin lose face in the future,this is why I want something to be done about shitcoins and scammers out there,and we might see new hackings but only newbies will keep falling for such
No, it doesn't affect bitcoin much, do you think that dumb people all around affect the respect that is paid to a retired proffessor? Not by much. What exactly do you want to be done about scammers and shitcoins? Everybody is free to reuse the publicly available code the way they want. I have a solution for you. Just don't pay attention to the shitcoins all around you and they will magically ... disappear! |
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Yusuf77
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October 31, 2018, 11:25:34 AM |
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More shitcoins and scam projects will make bitcoin lose face in the future,this is why I want something to be done about shitcoins and scammers out there,and we might see new hackings but only newbies will keep falling for such
I think that scam or crime is the nature of crypto from the past that is difficult to eliminate, if we work here that is our biggest risk if we are not careful and careful. the future of crypto no one can predict it right, so just look at what will happen in the near future. |
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mensahkkofie
Jr. Member
Offline
Activity: 280
Merit: 1
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October 31, 2018, 11:58:51 AM |
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Some of the negative effects, bitcoin would suffer in the near future includes continuous government interference and more negative news from people who don't believe in the dream of bitcoin and cryptocurrency as a whole. These are some of the few issues I forsee in the very near future.
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voron777voron
Newbie
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Activity: 8
Merit: 0
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October 31, 2018, 12:38:18 PM |
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I think the main obstacle is legalization.  Also interaction with the religions of the world. Islam doesn't recognize cryptocurrency fraud. for Muslims it is haram.  But for example I heard that Stellar recognized halal. |
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Juliedarwin
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October 31, 2018, 02:32:17 PM |
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Bitcoin maybe suffering in the near future and to accept the negative effects from the bad thing that the government would not really accepted the pretty good finance proven and given by bitcoin.
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pat4cryptoreal
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October 31, 2018, 02:52:57 PM |
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If bitcoin is accepted by a large number of people in future the problem we may encounter is transaction speed, if the issue of scalability is not solve now it will be difficult to handle in future.
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mace15
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October 31, 2018, 03:08:24 PM |
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The adoption of cryptocurrency by the masses will likely happen in the near future but the problem of irreversible transactions and hacking of wallets by holders of crypto who compromise their wallets are some of the problems we are likely to face in the future.
This is one of the things that can be the problem in the future the transactions of hacking issues but it must be solved. Many things could be the problem about crypto just like the legalization, adaptions in other country and others but we cannot really predicts the future of crypto. |
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