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

[PowerofYggdrash]

So you may just wait for solution of community.
[/quote]
Well right mate we are the people who are the main reason for high and low market ratting. If we will hold out coins and we will not sell them at panic then everything will again gets better too fast but as i said now is great time we can buy more coins to store and late on we can sell high at the same time the problem of panic selling will be resolved.
[/quote]

Sure, I agree. Community is crucial. Also hodl your coin. I am a big hodler and I did pay a huge price for my hodling strategy so far, but I will reap the rewards in the bull market:)

[fiomcorka]

Cryptocurrency is not physical and I don’t think people are ready to adopt it the way it is. Majority of the people are not ready to be using devices anytime they want to make payments in a store , they prefer to pay with cash. And there are lots of business that prefers the current system cause it works best than making use of crypto. Trying to explain this will be a very long story and I’m not going to do that right now.

[PowerofYggdrash]

Cryptocurrency is not physical and I don’t think people are ready to adopt it the way it is. Majority of the people are not ready to be using devices anytime they want to make payments in a store , they prefer to pay with cash. And there are lots of business that prefers the current system cause it works best than making use of crypto. Trying to explain this will be a very long story and I’m not going to do that right now.

Well in London people do pay min contactless. With their contactless visa card. So that visa card can be replaced by a Contactless Crypto card. Probably you live in a different country.

[cryptolab111]

Cryptolabs opinion:
We think the main interesting thing(problem) of Cryptomarket is lack of legal regulation, lack of security markets and permissiveness of big guys.
Of course you may say for protect about blockchain tech and more-more-more, but actually it is does not give safe position for crypto community.

|Cryptolaboratory team|

I got it. So what is the solution then?

So you may just wait for solution of community.

Well right mate we are the people who are the main reason for high and low market ratting. If we will hold out coins and we will not sell them at panic then everything will again gets better too fast but as i said now is great time we can buy more coins to store and late on we can sell high at the same time the problem of panic selling will be resolved.

Okay. That is your position. We cannot make community opinion better, but we may help to resolve some position about crypto.
|Cryptolaboratory team|

[Kayum10029]

The main problem with the crypto at the moment that the lackness of new investors because dumping situations new investors fear to invest.hence market volume will not increase then the main problem create.

[StarofBTC]

Cryptocurrency is not physical and I don’t think people are ready to adopt it the way it is. Majority of the people are not ready to be using devices anytime they want to make payments in a store , they prefer to pay with cash. And there are lots of business that prefers the current system cause it works best than making use of crypto. Trying to explain this will be a very long story and I’m not going to do that right now.

I don’t think adoption is really a problem to the crypto market and I also don’t think it was meant to be a currency like some people claim. All these people saying all that are just some cryptocurrency fans that never get their facts right before spitting it out lol.

The only thing might be a problem is the volatile nature of cryptocurrencies, but to me that’s not really problem as long as I’m investing in the best coins, especially the top coins like Bitcoin and ETH. Volatile nature will remain intact for near future too as this is how basic concepts of cryptocurrencies was designed. We need to accept and bear it if we decide to adopt cryptos.

[PowerofYggdrash]

The main problem with the crypto at the moment that the lackness of new investors because dumping situations new investors fear to invest.hence market volume will not increase then the main problem create.

I think , this is getting better. Have you witnessed the recent huge Agrello mega pump? I did sell mine at 4000 , It went up to 4549 as well in Bitcoin. Well I bought much higher than this ages ago but it was good anyway despite of my loss in fiat. Yeah the interest is not so great but it was even lower a few weeks ago. So all what I say is that the worst is behind and now we are getting into the bull market. This is already bull market, unless if we will see a lower low.

[PowerofYggdrash]

Cryptocurrency is not physical and I don’t think people are ready to adopt it the way it is. Majority of the people are not ready to be using devices anytime they want to make payments in a store , they prefer to pay with cash. And there are lots of business that prefers the current system cause it works best than making use of crypto. Trying to explain this will be a very long story and I’m not going to do that right now.

I don’t think adoption is really a problem to the crypto market and I also don’t think it was meant to be a currency like some people claim. All these people saying all that are just some cryptocurrency fans that never get their facts right before spitting it out lol.

The only thing might be a problem is the volatile nature of cryptocurrencies, but to me that’s not really problem as long as I’m investing in the best coins, especially the top coins like Bitcoin and ETH. Volatile nature will remain intact for near future too as this is how basic concepts of cryptocurrencies was designed. We need to accept and bear it if we decide to adopt cryptos.

Later on it will be less volatile and they will act more like a traditional asset such as stocks, once we are mainstream which will happen pretty fast. Next 5 years.

[MidKnight]

Regulations, bans and hack incidents. Regulations make it hard for our fellow traders who are obliged to pay a huge percentage of taxes from their profits. Bans from other countries slows the spread if info about btc in many countries. And finally, the hacks that makes crypto untrustworthy and unreliable by investors.

[PowerofYggdrash]

Regulations, bans and hack incidents. Regulations make it hard for our fellow traders who are obliged to pay a huge percentage of taxes from their profits. Bans from other countries slows the spread if info about btc in many countries. And finally, the hacks that makes crypto untrustworthy and unreliable by investors.

Capital gains tax? That is a nice problem to have. Well I have lost at the moment over £40k, so I need to get 40K profit just to be in 0. So I think, I look forward to this sort of problem once I got huge 1200x gains which will happen this year. My times have come, I have got huge positions and even bigger and bigger positions in altcoin projects, and will buy more. Best time to accumulate.
So sorry. I cannot feel sorry for anyone who made from 10000$ 1 million dollar in 2017 and early 2018 and they did cash out and now they face the tax office:)
Crypto exchange hack is a dangerous thing for sure. Regulation? Good luck to the governments:)
Try to regulate a DEX  , try to regulate Bitcoin:)
Bitcoin and any DEX and any blockchain project has the capacity to operate without the approval of the government if they would force to do that. We can operate anywhere where there is an internet and electricity basically. The internet is free. So far.

[Kemarit]

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.

I wouldn't say it like that. Everyone investors knows the risk involved, not just in crypto but the rest of other investments portfolio, stocks, golds, it involved risk. The problem is that investors think that crypto is a get rich scheme, specially what we witnessed at the end of 2017. And when they got burned in 2018, they all bitch around because they got burned easily and doesn't want to take that risk anymore.

Yes, I agree with the FUDster but you can go and counter them and not to listen and used your better judgement. Again, it boils down to investors, specially newbies you can jump in and FOMO'ed without analyzing or studying how the market functions.

Adoption may come eventually, but it will take like 5 years to fully grasp how everything works and maybe we can see people realized that, and start to embrace crypto in general, not just individually, but governments around the world slowly adopting it.

[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.

I wouldn't say it like that. Everyone investors knows the risk involved, not just in crypto but the rest of other investments portfolio, stocks, golds, it involved risk. The problem is that investors think that crypto is a get rich scheme, specially what we witnessed at the end of 2017. And when they got burned in 2018, they all bitch around because they got burned easily and doesn't want to take that risk anymore.

Yes, I agree with the FUDster but you can go and counter them and not to listen and used your better judgement. Again, it boils down to investors, specially newbies you can jump in and FOMO'ed without analyzing or studying how the market functions.

Adoption may come eventually, but it will take like 5 years to fully grasp how everything works and maybe we can see people realized that, and start to embrace crypto in general, not just individually, but governments around the world slowly adopting it.

I agree better to avoid any type of Fomo. That is always a bad move. Usually. Also I agree with your 5 years adoption prognosis. Unfortunately. I wanted to see mass adoption more rapidly but I think realistically we should expect around 5 years intervallum.

[Novajoensda]

I have my own opinion, crypto world is always mysterious. there always be unpredictable situation even for Bitcoin it self as "the father of coins" because cryptocurrency having less of public trust. Wait till whole country accepted cryptocurrency as a legal payment, thats the time you can invest your asset.

[bohr]

The main issue that I see is that people do not really see a reason to adopt cryptocurrencies, they see what they can do with them and they do not understand why they will need to use a cryptocurrency when they can use their fiat for the very same thing, they do not really understand what is the purpose of cryptocurrencies and until they do that adoption is still going to be as low as it is now.

I look forward for the times when I can pay my utility bills with my Yeed, which is our currency at Yggdrash. This time will come when the mainstream adoption has happened already.

The main problem that you are facing now is value down again and again for long time this year will not be the right here for Crypto user so many people will not continuing this journey for long time and it will not good for Bitcoin and cryptocurrency field.

That is definitely an issue, more and more people are giving up on cryptocurrencies and while this can benefits us in the short term since we can get cheap coins over the long term the bear market of 2018 has really slowed down adoption to the point that it will take a long time just to get back all the people that we lost and it is not a sure thing everyone will come back to the market.

[marketone]

I have my own opinion, the crypto world is always mysterious. there always be unpredictable situation even for Bitcoin itself as "the father of coins" because cryptocurrency having less of public trust. Wait till the whole country accepted cryptocurrency as a legal payment, that's the time you can invest your asset.

That is right, However, I want to have big positions before the next bull run/ mass adoption huge price explosion.

Yes, for that you need to grab low valued potential in the market in order to accumulate them when their price drop in the market. Many people failed to grab many coins in the market when their prices are very low in the market due to market fluctuation.

[imstillthebest]

The main problem with the crypto at the moment that the lackness of new investors because dumping situations new investors fear to invest.hence market volume will not increase then the main problem create.

we have enough investors and the problem is not with them but the problem is from small time hodlers who keeps on panicking and as a result they will sell and sell which can also lead for the dumping of the price  .

 pro investors will not always do this because they can controll themselves  . potential investors are also aware with the situation but they still doubting on whether they invest or not  . maybe they need more time to think  ,   lets wait for them  .

[PowerofYggdrash]

Yes, for that you need to grab low valued potential in the market in order to accumulate them when their price drop in the market. Many people failed to grab many coins in the market when their prices are very low in the market due to market fluctuation.
[/quote]


Which coins are you looking at waiting for a drop?
I have my main holding in Yggdrash , and currently we are extremely undervalued 0.04x also Seele might be interesting, they are at 0.1x also there are couple more interesting target.

[PowerofYggdrash]

The main problem with the crypto at the moment that the lackness of new investors because dumping situations new investors fear to invest.hence market volume will not increase then the main problem create.

we have enough investors and the problem is not with them but the problem is from small time hodlers who keeps on panicking and as a result they will sell and sell which can also lead for the dumping of the price  .

 pro investors will not always do this because they can controll themselves  . potential investors are also aware with the situation but they still doubting on whether they invest or not  . maybe they need more time to think  ,   lets wait for them  .

These type of investors will fomo in, when the price is on the rise. Probably that is the worst thing what you can do. This is mass psychology. Always the same story. Most of the people love to buy in the green when everything is expensive and not when everything is cheap:) I have learnt my lesson already, it cost me a lot.

[whirlcoin]

The main problem with the crypto at the moment that the lackness of new investors because dumping situations new investors fear to invest.hence market volume will not increase then the main problem create.

we have enough investors and the problem is not with them but the problem is from small time hodlers who keeps on panicking and as a result they will sell and sell which can also lead for the dumping of the price  .

 pro investors will not always do this because they can controll themselves  . potential investors are also aware with the situation but they still doubting on whether they invest or not  . maybe they need more time to think  ,   lets wait for them  .

These type of investors will fomo in, when the price is on the rise. Probably that is the worst thing what you can do. This is mass psychology. Always the same story. Most of the people love to buy in the green when everything is expensive and not when everything is cheap:) I have learnt my lesson already, it cost me a lot.

We all know the problem is this but we don't know the solution for that to change or make it more stronger than making that things in our market to be more stable but it will be easy also when you have think about that people are the main problem so people will be the solution for that.

[PowerofYggdrash]

We all know the problem is this but we don't know the solution for that to change or make it more stronger than making that things in our market to be more stable but it will be easy also when you have think about that people are the main problem so people will be the solution for that.
[/quote]

True. The market is getting more mature. I can feel that. So I am mega optimistic towards our future and we are having at the moment an alt season, which is awesome, best time to buy more and accumulate your favourite altcoin, for me it is Yggdrash and other coins too.