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Author Topic: What problems cryptocurrency will face in the near future?  (Read 2397 times)
ict
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October 10, 2018, 02:56:21 PM
 #61

In my opinion. the main problem faced by the crypto currency is security in the transaction. at present, there are a lot of problems about security, especially dealing with hackers. many crypto exchange sites have experienced hacking, making investors feel scared and have an impact on investors and selling to secure assets from hackers. and another problem is about price stability.
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October 10, 2018, 08:30:43 PM
 #62

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 the main problem that cryptocurrency will face in the near future will be the extreme greed of people who are not contented on what they have and earn. Due to the limited supply of Bitcoin and more people will know about Cryptocurrencies. The number of people versus that limited supply will somehow affect the market. I think some will be thinking of some inappropriate moves to gain more Bitcoins. Some hackers will somehow find a way to hack those wallets and Blockchain Technology as well. So I am really encouraging all Crypto people that as early as now, we support those projects that promote more security layer aside from the Blockchain Technology itself so we may strengthen the security features of every platform based on Blockchain Technology.

Speaking of AI, I am quite confident that it will make life easier using this technology to all the things we do when we use it properly.
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October 10, 2018, 08:38:08 PM
 #63

The biggest challenge it's going to face is the issue of people being properly sensitised and knowing really well what cryptocurrency is all about and not the bubble every other person thinks it is. Another big issue is vulnerability, we see so many forms of successful hacks on crypto exchanges and this issue alone can stop new investors from coming in.
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October 10, 2018, 09:16:09 PM
Last edit: October 10, 2018, 09:45:52 PM by Diana2
 #64

I think cryptocurrencies shouldn't face serious problems in the nearest future! More that the branch is developing and in the nearest time it should become more improved and more functional. More people begin trusting in it and they would investigate it. To my mind the cryptocurrencies wouldn't face any serious problems and nothing could stop their development nearest years.
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October 10, 2018, 09:24:55 PM
 #65

As the cryptos are unpredictable so the problems will be. The bigger the cryptos will be the bigger the problems will. Like the government can create problems because of the politicians, the central banks can create problems, the transaction security can create the biggest problem. Everything is unpredictable. Hope it dosen't face any of it.
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October 10, 2018, 09:34:48 PM
 #66

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,the greatest challenge or problem that the crypto market will face if it become centralized in which there are new regulations to follow and a lot of changes in crypto market if ever. Maybe adpotion and cooperation with the government will lead to a better future of cryptocurrency if ever it will happen to become centralized.

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October 10, 2018, 10:02:03 PM
 #67

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?

we never know, the problem that will be faced by crypto in the future, because the movement does not always improve. so the down times are always there.
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October 10, 2018, 10:04:45 PM
 #68

Honestly it might be facing the biggest problems right now, but in future I think most of these things will be fixed and there wont be that much of problems anymore, thats what I think, and about AI's I don't really know what to say.
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October 10, 2018, 10:15:26 PM
 #69

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?

Even without going into the future as we speak we face problems like shitcoins/tokens running around the CRYPTO atmosphere and also lots of scam activities happening around we are already facing those problems. We need proper regulations let every ICOs project be properly investigated.

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October 11, 2018, 12:11:43 AM
 #70

Most of the cryptocurrency now has scaling problems. If it is struggling now with present population in this crypto space, what more if more people joined in  after 5 years? Besides, there is the issue of mining that is more power consuming than bank operations.

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October 11, 2018, 01:26:11 AM
 #71

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?

Why cryptocurrency have to face more problems in a near future? It has already enough problems. I don't like such a negative statement. Let's be more positive. Most probably the main problems will stay the same: government issues, scammers, and hackers attacks. Unless something new will come up.

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October 11, 2018, 03:01:55 AM
 #72

I ca only think of is the possibility of that hoarders are still saving a lot of bitcoins even we are already succeed in adoption stage. They won't even sell a portion of it even it has even reach the dream price which is $100k. And now because of that limited supply, it's price just keep rising until there is no more balance anymore.
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October 11, 2018, 05:33:13 AM
 #73

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?


Crypto currency will face of some complaint from other member and users if they do not have enough fully security for individual wallet to avoid from hacking, fully service is really tested and trusted  specially  bitcoin. for about security it needs to have additional strict to prevent a victim of the person with bad intention.
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October 11, 2018, 07:51:27 AM
 #74

Actually crypto has bright future. But we need to protect crypto from being hacked.If more and more hacking occur in future, the number of investors and people interest will be go down which results in crypto market down.
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October 11, 2018, 08:24:17 AM
 #75

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 that in the future, constantly moving forward, the cryptocurrency market will adapt to solve all the problems that will be on its way. And I hope that in 5 years there will be no problem that would be hard to solve.
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October 11, 2018, 09:02:38 AM
 #76

The biggest problem cryptocurrency will face in the next year is how we can attract more people come into cryptocurrency especially with people who are lost in this year because I think they are very disappointed with the crypto and sad to see the price. It is difficult to ask them to come back to the cryptocurrency, and I think they are trauma to come again in this business. The mass adoption will be a problem for cryptocurrency if the situations still like this and people only think that the cryptocurrency will make them get lost more money. It is homework for us to attract people to join in the cryptocurrency so they can realize that the cryptocurrency is not as bad as they think.

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October 11, 2018, 09:04:30 AM
 #77

i think we need face our fear in our near future. we dont need to expect to much in all cryptocurrency that we seen in the market all of them has a possible to increase/decrease or maybe they will gone too long.
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October 11, 2018, 09:33:17 AM
 #78

I think the biggest problem in five years is cryptocurrency still would not accepted and used as a currency. There is no government accept it, cryptocurrency is still illegal in most country, we still can not use cryptocurrency to buy a cup of coffee or a bread.   

Some of the countries are bringing to life the possibility of using cryptocurrencies to pay bills and everyday useful stuff. However, the government cannot control cryptos themselves, but they can control financial institutions and have an impact by doing it on cryptocurrencies.
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October 11, 2018, 09:54:52 AM
 #79

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 people will also get the possibilities of "borrowing credits" something just what you borrowed from a friend. I think many business will be establish relying in crypto world we can't predict the future, so I think it may be in a progressive or in case a slow permanent services.

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October 11, 2018, 09:58:00 AM
 #80

I think one problem that the world of crypto would be faced with in the long run would be proliferation on the larger market by weaker hands who would always dump the price of bitcoin. Governments all over the over would also continue to oppose bitcoin as blockchain technology becomes popular.
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