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Author Topic: Confidence in Cryptocurrency  (Read 52988 times)
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April 04, 2019, 10:44:27 PM
 #241

I think the only way to restore investors confidence is totally wiping off scam in the system. A body should be set up to start with ICO projects, then go into existing ones.
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April 04, 2019, 11:06:34 PM
 #242

What can be done to restore and foster investors' confidence in cryptocurrency?

The only thing which can increase the confidence of cryptocurrency investors is when the crypto market becomes like in the later part of 2017 when bitcoin was about $20k and ethereum was also around $1k. A lot of investors lost huge sums of money in 2018 due to the present of scam crypto projects. But I think investors are gradually getting back into the crypto ecosystem due to the current state of the crypto market.


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April 05, 2019, 02:09:12 AM
 #243

Whose confidence? People who believed in Bitcoin were never left their space, so the thing you were talking about is new investors, mostly who caught in some ICO and too many shitcoins. If the system can stop creating new ICO/STO without proper evaluation of the legitimacy of the project, then new investors may get the confidence to stay here for a long time.
Cryptocurrency belief is the belief that crypto owners do not lose, because with optimism and trust that crypto provides great benefits for traders and investments, all will be proven.
If trust is not owned it will be very easy for panic, frustration or disappointment when trading predictions are not as expected, decisions taken are irrational because they are emotional which can result in losses.
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April 05, 2019, 02:43:58 AM
 #244

What can be done to restore and foster investors' confidence in cryptocurrency?

The only thing which can increase the confidence of cryptocurrency investors is when the crypto market becomes like in the later part of 2017 when bitcoin was about $20k and ethereum was also around $1k. A lot of investors lost huge sums of money in 2018 due to the present of scam crypto projects. But I think investors are gradually getting back into the crypto ecosystem due to the current state of the crypto market.
I also regret not selling when the price of bitcoin reaches $ 20k, but now is the right thing to buy again because we can get cheap and the market looks skyrocketing again.

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April 05, 2019, 02:46:26 AM
 #245

The way to restore confidence to investors is certainly not an easy thing, but it is important to do so that investors can believe that crypto will be a good potential for the future, the approach must continue to be done to investors to be able to restore their confidence

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April 05, 2019, 02:58:37 AM
 #246

Whose confidence? People who believed in Bitcoin were never left their space, so the thing you were talking about is new investors, mostly who caught in some ICO and too many shitcoins. If the system can stop creating new ICO/STO without proper evaluation of the legitimacy of the project, then new investors may get the confidence to stay here for a long time.
Cryptocurrency belief is the belief that crypto owners do not lose, because with optimism and trust that crypto provides great benefits for traders and investments, all will be proven.
If trust is not owned it will be very easy for panic, frustration or disappointment when trading predictions are not as expected, decisions taken are irrational because they are emotional which can result in losses.

We can't say we're 100% confident these days, sometimes crucial matters will affect our mode of decisions that could initiate uncertain decisions. To those people saying they had enough confidence in facing such circumstances nowadays on crypto, possibly it's their escape of the reality that has been sadly putting down crypto badly.

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April 05, 2019, 03:15:08 AM
 #247

I have tried to ask myself this question many times: What can be done to restore and foster investors' confidence in cryptocurrency?
There have been several incidences, most especially as regards the issues of hack of exchanges and several other forms of stolen funds, which has in turn cause down trend at some points in the crypto space.
These incidences have made a lot of people to be at their wit ends, not knowing what to do.

If I should ask everyone what can be done to foster confidence, we will all have different things to say. Nonetheless, suggestions are welcome, but before that, I just feel that regulation is part of the main language that can restore.
Aside that, if exchanges have not started the process of insuring the funds on users on their platform, it will be good they start that.


Why would you like to transfer all of your fund on an exchange that is not that really reputable? Why not to let your fund stay on your own wallet where you have your keys? I think the reputation and confidence that you are talking in crypto cannot be fixed unless we on ourselves is responsible enough in our decisions.

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April 05, 2019, 03:18:20 AM
 #248

There is nothing needed to be done to restore confidence in cryptocurrency because crypto always fix its problem in time now investors are more wiser and even the scared ones that leave ICOs behind took the IEO train instead so the puzzles are been set

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April 05, 2019, 09:12:40 PM
 #249

There is nothing needed to be done to restore confidence in cryptocurrency because crypto always fix its problem in time now investors are more wiser and even the scared ones that leave ICOs behind took the IEO train instead so the puzzles are been set
The more time the crypto-currency market has, the more firmly it stands on its feet, the problems are gradually solved, which is clearly seen in the example of ICO and IEO, there is no doubt in the crypto-currency and you should always work with full faith in a good future
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April 05, 2019, 09:52:13 PM
 #250

Well, the whole field is not in a best imaginable situation and institutional investors will come in just after regulations will kick in. I am not in their favour, especially when government "authority" tries to use its robust and merciless bureaucratic machine on decentralized systems- but it is fun to watch at the very least Grin. Unfortunately, I do not think that there are much people around to start an uprising trend without a help "from the outside." I hope that I am wrong, but it seems like it is not going to change in a short to medium-term.

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April 05, 2019, 10:28:15 PM
 #251

Confidence can be returned to the cryptoindustry only time and large volumes of trade. As soon as the volumes grow up, the people will not be able to deny the fact that it is in demand. And on this you need to do business.Now there is a big trend reversal - everyone already understands it. The cryptocurrency is again in value.More and more players are entering the market with the hope of making good money here.
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April 05, 2019, 10:42:13 PM
 #252

I have tried to ask myself this question many times: What can be done to restore and foster investors' confidence in cryptocurrency?
There have been several incidences, most especially as regards the issues of hack of exchanges and several other forms of stolen funds, which has in turn cause down trend at some points in the crypto space.
These incidences have made a lot of people to be at their wit ends, not knowing what to do.

If I should ask everyone what can be done to foster confidence, we will all have different things to say. Nonetheless, suggestions are welcome, but before that, I just feel that regulation is part of the main language that can restore.
Aside that, if exchanges have not started the process of insuring the funds on users on their platform, it will be good they start that.
The problem of hacking is only a small part, it cannot lose the trust of the majority of investors. The main problem here is BTC and the crypto market has come down too long. And it needs to stand up now to attract a host of new investors, and recall old investors who have given up.
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April 05, 2019, 10:52:10 PM
 #253

No matter how we put it, regulations have creeper in already to a Lil extent anyways. Some jurisdictions will go to any length to bring team members to book if they don't pass regulations. That aside, I think crypto is drawing more attention right now with the current market uptrend, vast product development from top projects , IEO, drawing concerns etc. So in essence, confidence is growing in this space right now.

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April 05, 2019, 10:54:47 PM
 #254

it will be good if the cryptocurrency will be accepted by the government and then confidence in these tools will appear from investors
before starting an investment investors already know all the risks that will be obtained and by knowing all the risks of course confidence and patience will become more developed of course
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April 05, 2019, 10:59:48 PM
 #255

it will be good if the cryptocurrency will be accepted by the government and then confidence in these tools will appear from investors
before starting an investment investors already know all the risks that will be obtained and by knowing all the risks of course confidence and patience will become more developed of course
But, whatever it is, if indeed the government has received it, at least investors will be more calm to invest. I know that big investors are those who always carry out more in-depth research so they know a lot of risks that might occur, but when they have a group that discusses it, it will make it easier and can invest according to the research they make.

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April 05, 2019, 11:02:40 PM
 #256

Like pointed out earlier, regulation is very important(atleast to a certain healthy level). Confidence boost can only return if investors see cryptocurrency as an avenue to make money and not loose it. The more scams or fraud are perpetrated in this space, the more potential investors evade the market.
but it won't be forever like that and of course there will be updates that make it better.
fraud will decrease and the project will run well so investors will come back again to start growing trust again.

optimistic and believe that Cryptocurrency will give good results so don't be easily discouraged from doing anything.

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April 06, 2019, 07:15:24 AM
 #257

What can be done to restore and foster investors' confidence in cryptocurrency?

The only thing which can increase the confidence of cryptocurrency investors is when the crypto market becomes like in the later part of 2017 when bitcoin was about $20k and ethereum was also around $1k. A lot of investors lost huge sums of money in 2018 due to the present of scam crypto projects. But I think investors are gradually getting back into the crypto ecosystem due to the current state of the crypto market.
Yes, I also think that, first of all, fraud should exclude projects, there are too many empty companies on the market, maybe this is related to the market, but I think that control will not hurt, people will begin to trust cryptography and new investments will come to the market.
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April 06, 2019, 07:32:32 AM
 #258

Cryptocurrency market is increasing day by day,has tested the $5,000 mark for the first time since November 2018.Reaching around $88 billion during the night peak, BTC market cap currently totals around $87.4 billion.i have a small deposits in bitcoin. I have strong confidence in cryptocurrency.      
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April 06, 2019, 07:39:30 AM
 #259

it will be good if the cryptocurrency will be accepted by the government and then confidence in these tools will appear from investors
before starting an investment investors already know all the risks that will be obtained and by knowing all the risks of course confidence and patience will become more developed of course
But, whatever it is, if indeed the government has received it, at least investors will be more calm to invest. I know that big investors are those who always carry out more in-depth research so they know a lot of risks that might occur, but when they have a group that discusses it, it will make it easier and can invest according to the research they make.
After studying and understanding the grounds, they will be more confident to invest their money, knowing that there's a big potentials that might bring them good opportunities, confidence came from knowledge, if you learn something that many businesses and government that will possibly adopt you'will also gained interest and start your own investigations, after that, you will freely decide to take  your part and invest your money.
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April 06, 2019, 07:57:20 AM
 #260

it will be good if the cryptocurrency will be accepted by the government and then confidence in these tools will appear from investors
before starting an investment investors already know all the risks that will be obtained and by knowing all the risks of course confidence and patience will become more developed of course

They have to go through it and know about the losses and benefits they will get late. but all of this doesn't go fast because there will be many roads they have to go through.

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