What is the main problem with the crypto market at the moment?

[PowerofYggdrash]

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

According to me the answer is simple. People from the general public treats crypto as a new style high risk gambling. They don't take it seriously.
Why?
I think the main reason is the moonboys and Fudsters. According to my experience as an admin (Yggdrash admin, we got over 20400 telegram member..)
unnecessary Fud and also shouting 100x and expecting 100x within weeks also does make lot's of harm to every project.
Also quite often the Fudster people who shout 0 one day next day they will be the moonboys.
This type of behaviour very harmful and misleading for new investors. Also it leads to only many disappointed new investors who will leave the crypto world entirely mainly. This will also hinder any sort of adoption at the end of the day.
As administrators and opinion influencers we should have and we have a responsibility to bring more sanity into the crypto world. What we lack of is sanity and balanced view in the crypto world. A coin either must go to the moon or must go to 0. Come on, this is so ridiculous and predictable. If someone shout fud and say this coin go to 0, this means those people want to get the coin at the cheapest possible price level. If their fud operation was successful, suddenly a week later, new people will appear who will be the classic example to the moonboys. So in Crypto everything can change and turn into upside down only within weeks or less. This is not normal and not really helpful for wider adoption at all.
As an investor since I have invested a lot into Yggdrash and other projects as well of course I believe that my investments will go to moon but it will take years for sure and also the team must deliver and this won't happen due to a magic mushroom. So I think you get what I am saying.

What is your opinion?
I think this is an important topic, and very broad topic as well.

[cabron]

Its the wild west as they say. Even with the regulations coming its going to stay that way and the only solution that has to be done by investors is to research which project they support. You will not mind the fud if you knew the team can deliver. So much project had been created in the past and if they survived the great crypto winter of 2018, they will survive til the adoption is realized.

[PowerofYggdrash]

Its the wild west as they say. Even with the regulations coming its going to stay that way and the only solution that has to be done by investors is to research which project they support. You will not mind the fud if you knew the team can deliver. So much project had been created in the past and if they survived the great crypto winter of 2018, they will survive til the adoption is realized.

That is true. If the team will deliver then everything is fine. If we survive this deadly Crypto Winter then nothing can stop us.

[milewilda]

Its the wild west as they say. Even with the regulations coming its going to stay that way and the only solution that has to be done by investors is to research which project they support. You will not mind the fud if you knew the team can deliver. So much project had been created in the past and if they survived the great crypto winter of 2018, they will survive til the adoption is realized.

That is true. If the team will deliver then everything is fine. If we survive this deadly Crypto Winter then nothing can stop us.

Survival of the fittest in short. On this current market condition we have seen which coin stood strong and those who die or almost hits its price to the floor.
Main problem of crypto is adoption but eventually no matter how hard we do think off we cant really go to a point that we can able to go on full scale. Cryptomarket would just retain into its
place and as part of the cycle we would really able to see between bearish and bullish scenarios.

[PowerofYggdrash]

That is true. If the team will deliver then everything is fine. If we survive this deadly Crypto Winter then nothing can stop us.
[/quote]
Survival of the fittest in short. On this current market condition we have seen which coin stood strong and those who die or almost hits its price to the floor.
Main problem of crypto is adoption but eventually no matter how hard we do think off we cant really go to a point that we can able to go on full scale. Cryptomarket would just retain into its
place and as part of the cycle we would really able to see between bearish and bullish scenarios.
[/quote]

I have strong faith in full market adoption, hence I have invested hard and took big risk in my investment decisions. I have lost already more than £15000 due to two scams which I have invested in. At least £15000 maybe £16000.

[blockman]

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

Hello.

The main problem is educating the whole world of what crypto really is. And we can't stop those people that are educating the people the wrong way and gives wrong perspective about crypto. This creates confusion for those aspiring investors who wants to get started to crypto's. Instead of being encouraged and confident about crypto's adoption in real life, those FUDs and negative perspective and opinions gives them the reason of not pursuing it. So in short, it is the FUD and fake news that comes out.

[Sadlife]

The problem is the mainstream media they somehow easily influence the general public that bitcoin is a ponzi scheme and even gets worse when some big names spread FUD like jp morgan CEO of goldman sach's who was telling people crypto is a scam but recently bought and heavily invested in btc. So i think this whole thing is just a show to bring down the price for institutional investors to buy in cheap. Haven't you heard blockchain is getting mass adopted, facebook crypto token is coming, bakk and fidelity is investing in crypto. So I think there's a big adoption coming.

[PowerofYggdrash]

The problem is the mainstream media they somehow easily influence the general public that bitcoin is a ponzi scheme and even gets worse when some big names spread FUD like jp morgan CEO of goldman sach's who was telling people crypto is a scam but recently bought and heavily invested in btc. So i think this whole thing is just a show to bring down the price for institutional investors to buy in cheap. Haven't you heard blockchain is getting mass adopted, facebook crypto token is coming, bakk and fidelity is investing in crypto. So I think there's a big adoption coming.

Yes exactly. Big money want this to get the cheapest possible way. Cheaper than 3130. However I doubt whether they can have this even maybe at 2900. BTC won't go to 1500. If yes, I go all in at that point.
Yes, the media and Jamie Dimon and all the big company happy to use all the nasty tricks, and fake news and so on just to get it cheap.

[PowerofYggdrash]

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

Hello.

The main problem is educating the whole world of what crypto really is. And we can't stop those people that are educating the people the wrong way and gives wrong perspective about crypto. This creates confusion for those aspiring investors who wants to get started to crypto's. Instead of being encouraged and confident about crypto's adoption in real life, those FUDs and negative perspective and opinions gives them the reason of not pursuing it. So in short, it is the FUD and fake news that comes out.

I agree. We have a responsibility to bring some sanity and balanced view and create some clarity instead of confusion and unnecessary Fud.

[jonemil24]

Moonboys and FUDsters ain't the only problem, most of it are ICOs with unicorn promises. If I have the money, I won't care about the price, I would just need to know the technology behind cryptocurrencies and tokens. Some newbie investors ain't asking for ROI, these people are the true futurists. But the majority of newbies wants to hear 1000x and the convenience of using it.

[PowerofYggdrash]

Moonboys and FUDsters ain't the only problem, most of it are ICOs with unicorn promises. If I have the money, I won't care about the price, I would just need to know the technology behind cryptocurrencies and tokens. Some newbie investors ain't asking for ROI, these people are the true futurists. But the majority of newbies wants to hear 1000x and the convenience of using it.

Well yeah, I am a futurist for sure, however if something is useful that will be successful and eventually this will mean also a very good ROI isn't it? Which is good.

[PowerofYggdrash]

Many newbies are really the problem here like they fall in the trap of manipulation here in crypto then of course the scam or hack about some site like trading site so market can drops by that and usually FUD also kill the mind of some users still there's a way in that just wait because the longer will crypto stay then many veterans here will combine like in the end we all know how investment here works

Sure, yes once I was a beginner and for me to pay the beginners mistake cost me at least around £15000 loss straight away. I have invested into two scams. Once was maybe only a failed project and not a scam, but it is hard to decide what was it:)

[syamster]

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

Hello.

The main problem is educating the whole world of what crypto really is. And we can't stop those people that are educating the people the wrong way and gives wrong perspective about crypto. This creates confusion for those aspiring investors who wants to get started to crypto's. Instead of being encouraged and confident about crypto's adoption in real life, those FUDs and negative perspective and opinions gives them the reason of not pursuing it. So in short, it is the FUD and fake news that comes out.

I agree. We have a responsibility to bring some sanity and balanced view and create some clarity instead of confusion and unnecessary Fud.

Everything is clear and everything is fair in crypto currency only those who got less information are little confuse and they are not sure about their thinking about investments. We need to be confidence and we need to learn skills and we should invest as much as we can. The market move will be upward if we will keep on investing.

[PowerofYggdrash]

Everything is clear and everything is fair in crypto currency only those who got less information are little confuse and they are not sure about their thinking about investments. We need to be confidence and we need to learn skills and we should invest as much as we can. The market move will be upward if we will keep on investing.

[/quote]

Yes, especially if we invest into the right projects even if they are risky investments. Yes, obviously invest into more than one project. Diversification is super thing even if you got one main project like I do have one main investment as my name suggests that:)

[exstasie]

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

According to me the answer is simple. People from the general public treats crypto as a new style high risk gambling. They don't take it seriously.
Why?
I think the main reason is the moonboys and Fudsters.

Mass adoption takes time. Even cell phones aren't ubiquitous after all this time. It took more than 20 years to reach 80-90% world market penetration.

We can't just instantly get to worldwide adoption, especially since Bitcoin is still so new and experimental. Think about it, Bitcoin was bootstrapped from nothing! It began with one online pseudonym publishing the software on a mailing list. The rate of cryptocurrency adoption is quite astonishing when you think about that. Its use has spread across the world and supposedly 5%+ of all people in developed countries like the U.S. now own some.

The moonboys are just a byproduct. The limited supply of Bitcoin and other coins means that as adoption increase, price increases. You can't have massive investment gains in crypto markets and then expect people not to chase those gains. It's human nature, greed.

[Morpexmorpex]

Its the wild west as they say. Even with the regulations coming its going to stay that way and the only solution that has to be done by investors is to research which project they support. You will not mind the fud if you knew the team can deliver. So much project had been created in the past and if they survived the great crypto winter of 2018, they will survive til the adoption is realized.

in many projects it is not necessary to believe as half of it is a Scam...solid Scam. if you now participate in many ico then what some and shoot one hundred percent) do not even think to stop there)if you stop everything and nothing in the wallet and will not be replenished)

[PowerofYggdrash]

 
The moonboys are just a byproduct. The limited supply of Bitcoin and other coins means that as adoption increase, price increases. You can't have massive investment gains in crypto markets and then expect people not to chase those gains. It's human nature, greed.
[/quote]
I think you are right.

[bitbunnny]

To my opinion at the moment the biggest problem at the crypto market is lack of new investors. On the other hand there is a problem with existing investors who often have too big expectations and are to greedy for unreal profit. Also, after a huge progress of Bitcoin and other cryptocurrencies and increasing number of users it looks now like this process started to slow down and we are still far away from mass afoption. Cryptocurrencies still have a long way to go.

[el kaka22]

To my opinion at the moment the biggest problem at the crypto market is lack of new investors. On the other hand there is a problem with existing investors who often have too big expectations and are to greedy for unreal profit.

I guess bitcoin must be doing now also its magic of attracting new investors but selling pressure from whales and other bitcoiners seem bigger than new investors. It means we need more new investors or few billionaires need to start adopting bitcoins to overcome those selling pressures.

Also, after a huge progress of Bitcoin and other cryptocurrencies and increasing number of users it looks now like this process started to slow down and we are still far away from mass afoption. Cryptocurrencies still have a long way to go.

Mass adoption may not start at one particular day. It is a long and continuous progress and I guess it has already started some years back itself. One of the main problem of bitcoin and bitcoiners must be, lack of merchants accepting bitcoins for our life's daily needs. I guess that problem will find its solution when more people start using bitcoins as a currency rather than using bitcoins as an investment assets.

[reactorjuno]

Hi,
According to you what do you think is the main problem at the moment in the crypto world?
So why we don't see real life adoption yet and so on.

According to me the answer is simple. People from the general public treats crypto as a new style high risk gambling. They don't take it seriously.


What is your opinion?
I think this is an important topic, and very broad topic as well.

Talk about Bitcoin with any newbie, most of the time they will ask you this: what can I actually buy with Bitcoin?

And the answer for now is: very few things, unless you are in a country such as Japan. .. so for me this is the major issue with crypto currencies (in general) nowadays. Very few adoption for using it in daily life. But we will get there.