Confidence in Cryptocurrency

[LUCKMCFLY]

I think the first thing is that those Exchanges that have not yet been Hacked, every month give reports of their achievements with security, since recently one of the best Exchanges, better positioned in CMC was hacked and stole more than 7k of bitcoins, this I think in my way of seeing it unforgivable and that their confidence is greatly reduced, which, for many investors is synonymous with insecurity. If we take into account that the Exchanges provide in their tweets reports that have been strengthened with their security, it will not only attract investors, but also speculators, because they all look for the best platform that guarantees that their money is well taken care of.

Now there are many ways to follow that the world of cryptocurrencies are seen with greater confidence and is simple, the fact that the market is changing at the moment, when we are in small bullish rally attracts a lot more people, and only with seeing the news begin to increase investments, operations and volumes begin to increase, only to wait until some kind of confirmation can be given in the market to continue betting up.
Already now many precautions have been taken on the issue of the investors with respect to the ICO, Mucha have already passed from ICO to STO guaranteeing much more confidence to the investors that in some way they have imposed many rules and regulations based on the main component of the KYC which turns out to be for many unpleasant, but it is necessary.

[Samkol26]

Restoring confidence in cryptocurrency will take a long time.  Most of the government nowadays and the regulation about cryptocurrency are trying to do the opposite.  It won't be easy but it will happen sooner or later because crypto is the next money technology.

[aemma]

To bring about more confidence in this space while attracting more investors there is urgent need for cryptocurrency to go mainstream, get incorporated into existing platforms, payment systems etc.
When people starts seeing or using more of cryptocurrency in their day-to-day activities they will believe more.

[Perfect35]

The progressive uptrend in the market is a good factor to awaken the faith of people on cryptocurrency.
The resultant effect of this is the increase in market capitalization and the eventual pump in prices of coins, most especially bitcoin.
I just have the urge to continue as well.

[Genrix]

I have certain confidence in crypto currency, but you know, it is fluctuating, so I should have balanced portfolio if I want to invest really big amount.
So, don't invest only in 1 coin with low capitalisation

[mr_random]

Restoring confidence in cryptocurrency will take a long time.  Most of the government nowadays and the regulation about cryptocurrency are trying to do the opposite.  It won't be easy but it will happen sooner or later because crypto is the next money technology.

BAKKT news is used for next manipulating the markets with regulation threats. Technology evolves every day and governments want to control this system with their own devices. Price drops after the negative news about the crypto futures.

[jcarlo]

There are too much people that have turned to be extremely confident in the bullish market and in the future of crypto currencies after BTC rally. Where were those people as BTC was around 3k USD and nobody wanted to buy it?

When market in bear, most people afraid and smart people being greed and buying a lot bitcoin at cheap price. And when bullish run, many people trying to ride the market. Its natural because most of us just want make quick profits and not for long term

[asepsetiawan1990]

Trust in cryptocurrency does take time. This is because so many negative things have happened in the world of cryptocurrency,
and that can make a bad mindset. But if you look at it from a different perspective, Cryptocurrency has a lot of good potential,
for example is the number of useful projects that can be developed here.
Indeed, for now it is difficult for guarantees regarding asset security to recover if something happens.
It can all be anticipated with various ways and countermeasures that have been discussed in this forum.
There is also trading in cryptocurrency even though market conditions are very volatile,
but not a few who are experts in the field of trading get maximum results.

[stadus]

Restoring confidence in cryptocurrency will take a long time.  Most of the government nowadays and the regulation about cryptocurrency are trying to do the opposite.  It won't be easy but it will happen sooner or later because crypto is the next money technology.

BAKKT news is used for next manipulating the markets with regulation threats. Technology evolves every day and governments want to control this system with their own devices. Price drops after the negative news about the crypto futures.

News after news, a lot of big news that will come in the future but the manipulation will still remain because of the whales who have the power to manipulate. It will only stop with a fair regulation but IMO, the confidence of the people are getting stronger as we are seeing more money from big investors or institutions are investing in the space, and that gives a simple message, if these big investors can risk, why can't we do it, when the market is open for all.

[TechComputer]

I don't think that there will be so many futures in the cryptocurrency because you know what, people just going to buy crypto again and again due to the purpose of the crypto is to get quick profit.

[okala]

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.

Confidence is build with time and progress if bad incidence keep happening the confidence of investors will lost and at that there is need to work out ways to revive the confidence of the whole community. And regulations is the sure thing to do at this point but you know how government work and the process of law making and regulatory framework's.

[Jpt]

If you believe in something and someone, it will help to generate confidence in you. The same will happen in cryptocurrency world. There are many people who have given up or sought alternatives after they suffer losses in cryptocurrency. I think they do so just because they do not have any faith in themselves and cryptocurrency. Just in my case, I have also suffered a loss, but I have still hope in cryptocurrency and have the hope that one day my losses will be recovered. 

[TheHas]

Restoring confidence in cryptocurrency will take a long time.  Most of the government nowadays and the regulation about cryptocurrency are trying to do the opposite.  It won't be easy but it will happen sooner or later because crypto is the next money technology.

Not all governments and regulators are against cryptocurrency. Take places like Cyprus, Estonia or even Singapore or HK as examples. Plenty of locations out there are taking advantage of the interest in cryptocurrency and creating open but still somewhat regulated spaces for new blockchain companies, projects and start ups to incubate.

[kangkilokang]

Restoring confidence in cryptocurrency will take a long time.  Most of the government nowadays and the regulation about cryptocurrency are trying to do the opposite.  It won't be easy but it will happen sooner or later because crypto is the next money technology.

Not all governments and regulators are against cryptocurrency. Take places like Cyprus, Estonia or even Singapore or HK as examples. Plenty of locations out there are taking advantage of the interest in cryptocurrency and creating open but still somewhat regulated spaces for new blockchain companies, projects and start ups to incubate.

believe in Cryptocurrency, indeed people who don't like or oppose Crypto are clearly not sure about Crypto.
restoring trust does take time so it's not as fast as lightning for Crypto.
Cryptocurrency will provide many benefits so that many who participate in various projects and good projects will benefit.

[Chuky92]

To bring more confidence in the crypto space, there is need to offer outstanding services and products to the world at large.
Imagine ordering for goods online with crypto or paying for monthly subscription with crypto etc; these are the services which investors will see and get involved. Although it will take time, I believe we will get there one day.

[r32godzilla]

In the good times when the whole market is raising, experts are afraid and predicting another dip, for example Tone Vays left trading for few days.

[axel2078]

Once there people start using cryptocurrencies in their daily lives, then the confidence will return 100 folds; this is what is called mass adoption.
There is need to enhance transactio confirmation of cryptocurrencies as I believe it is one of the issues limiting cryptocurrencies from going mainstream. People won't like paying for goods while waiting for hours to get it confirmed; therefore once this is done mainstream adoption will set in and there will be confidence in this space at the same time attracting more institutional investors.

[Coffeehot]

With some big events happening. many people will naturally invest in encryption. such as. some countries have been sanctioned. people are converted into encryption by assets. i am very confident about this.

[Astvile]

Mass adaptation,if they saw that bitcoin is developing and spreading through government association and government or simply just tons of people adopting bitcoin im pretty sure that they will feel confident investing again since it is developing

[Gabmot]

Trust issues is such that must be sorted out individually. Although, one's conviction can help a fidgeting fellow, but then only that person can have a kind of conviction which no other person may have. To trust crypto 100% may be too risky,  however, 80% level still cool.