Problems in Bitcoin

[Eugenar]

We have few critical problems in bitcoin also that need special attention and cant be ignored. BTC still has no mechanism to recover/restore stolen/lost coins, which in my view is a serious one. One more critical problem is speed of BTC transactions.

This missing mechanism is quite destructive or not pleasant for the owner of the cryptocurrency or bitcoin. But the main advantage of this is to teach the hodlers to become responsible enough to their investment particularly in managing their funds through their account stored in a safe and self-accessible place. In addition, the missing cryptocurrency will contribute to the worlds market cap that will make the market price of bitcoin quite higher. Imagine, forever hodlers because of the lost coins in a lost wallets.

[Wind_FURY]

OP, I have the best solution to your problem. Buy the dip, and HODL. Then take all the time away from Bitcoin, this forum, and everything that has something related to cryptocurrencies.

In 5 years, thank me.

[Cherylstar86]

You will have to understand that this space is highly unregulated, hence you are made to agree when signing up for crypto exchanges that cryptocurrencies are very volatile and the prices are not been controlled or regulated. The market is still at its infancy stage still finding its ground in the mainstream, until then, things will continue the way it's now, there is actually nothing the SEC can do about this.

Decentralized, right? we must understand all the risks when joining cryptocurrency, including the risk of hacking, losses when trading or investing, market manipulation and the influence of certain "groups". If we have to really take into account every decision we make, we must also understand the law and how it works well.

Yes, it is often found in cryptocurrency, manipulation, hacking, losing valuable coins. All that must be prepared with all the risks. Investment and trading in accordance with what we often hear from investors because that's where we have to know how to optimize well. even investing without what we know is high risk.

Risking our money is worth for our investments once you're part of a trusted projects, or a coin that could change your motives in the future. Those things that makes cryptocurrency hard to obtain a good increase, is just a part of its growing process. We need to be more patient on things that frustrates us while watching our asset decline at bigger percentage value. Learn how to control yourself in order to survive.

Having a good profit comes first by trying to do such risk but somehow needs more time to do it. As being part here in crypto currency community, we can't deny the fact that we may experience some losses from the capital of our money and time in which may lead for our problems here and base on my experience it may give us to learn our different mistakes and will able to learn us in the end.

[Twentyonepaylots]

You will have to understand that this space is highly unregulated, hence you are made to agree when signing up for crypto exchanges that cryptocurrencies are very volatile and the prices are not been controlled or regulated. The market is still at its infancy stage still finding its ground in the mainstream, until then, things will continue the way it's now, there is actually nothing the SEC can do about this.

Decentralized, right? we must understand all the risks when joining cryptocurrency, including the risk of hacking, losses when trading or investing, market manipulation and the influence of certain "groups". If we have to really take into account every decision we make, we must also understand the law and how it works well.

Yes, it is often found in cryptocurrency, manipulation, hacking, losing valuable coins. All that must be prepared with all the risks. Investment and trading in accordance with what we often hear from investors because that's where we have to know how to optimize well. even investing without what we know is high risk.

Risking our money is worth for our investments once you're part of a trusted projects, or a coin that could change your motives in the future. Those things that makes cryptocurrency hard to obtain a good increase, is just a part of its growing process. We need to be more patient on things that frustrates us while watching our asset decline at bigger percentage value. Learn how to control yourself in order to survive.

It is indeed a matter of a good coin and project to invest with, especially with this kind of market which is speculative and volatile where anything can happen expectedly and unexpectedly. Risk is always worth when it aligns the time that is should be harvested. Cryptocurrency as an open industry, what you can really do about the manipulation, price speculation etc. is to influence more. You can't just tell people do this, and do that, work your ass off and show them. Be hard to gain hard as they said.

[target]

Its not someone else fault if a trader can't sleep nor wash his cloths al;l because he is monitoring the market every minute of the day. That trader must be very excited all his life that he couldn't close his eyes are forget to take a bath while waiting for the price to moon.

The fake news has been around even before BTC actually, a lot of Jaime Dimon gave up now and even have their own coins too but before that they spread crazy news.

[Hypnosis00]

I don't think it was good to blame others because of your losses. You are accountable for it, you made your own decision that you think is right but sadly it was wrong then blame to a certain person or company because you've listened to them. Just like many say, nobody is forcing us to be in trading and yet, we are the ones is doing this, only we did is not right and suffer the consequences of losing.

[error08]

Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.

[TheUltraElite]

OP, I have the best solution to your problem. Buy the dip, and HODL. Then take all the time away from Bitcoin, this forum, and everything that has something related to cryptocurrencies.

I think the OP needs to take a short but fruitful break from bitcoin.

They may have had a loss and thus sulking about their choice but as we have seen in the past and present buying low and selling high is the way to make profit from the market. Just look into the price charts 10years back and today. The price rise has been huge if you compare. Not that I expect anybody to hold for such a long period even 3x - 5x price at selling would have been a decent profit.

Trading should be kept to the extent of something that you would enjoy doing, not something that becomes a stressful job.

[Yamifoud]

Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.

If OP knows exactly the risk that he facing with he probably knows what he does. He already fooled by fake volumes of a certain exchange. It is actually tempting to see a huge market volume but it can't just simply sneak to it without taking some precautions to know exactly the things behind. Cause if that only with hypes, it absolutely will make him lose in the end.

[bettercrypto]

Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.

It's a matter of risk.
No one in this world is a genuine. And not all that we see is truth. Exchanges are earning because of traders. Manipulation of the market is always happening. There is no profits if they would not make fake volumes, buy-sell walls, high fees and bot. Yes, everyone is allowed to enter and exit to the market. But once you step in, there is a probability that you will lose.

[Karmakid]

Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.

It's a matter of risk.
No one in this world is a genuine. And not all that we see is truth. Exchanges are earning because of traders. Manipulation of the market is always happening. There is no profits if they would not make fake volumes, buy-sell walls, high fees and bot. Yes, everyone is allowed to enter and exit to the market. But once you step in, there is a probability that you will lose.

We cannot deny that there is always a risk of losing money and ending up as a broke if you will try to make money in cryptocurrency. I believed that not all the time, there is a manipulation in the market. The fluctuation for cryptocurrencies are now mature compare before. You can still make profit by doing a pure clean trade, just make sure that you know how to do technical analysis.

[Wind_FURY]

OP, I have the best solution to your problem. Buy the dip, and HODL. Then take all the time away from Bitcoin, this forum, and everything that has something related to cryptocurrencies.

I think the OP needs to take a short but fruitful break from bitcoin.

They may have had a loss and thus sulking about their choice but as we have seen in the past and present buying low and selling high is the way to make profit from the market. Just look into the price charts 10years back and today. The price rise has been huge if you compare. Not that I expect anybody to hold for such a long period even 3x - 5x price at selling would have been a decent profit.

Trading should be kept to the extent of something that you would enjoy doing, not something that becomes a stressful job.

His/her problem is using Bitcoin for his desire of fiat wealth. Bitcoin should be viewed as something else that, invalidates the government from seizing your property, Bitcoin. Invalidates the government from stopping you in buying whatever you want to but, censorship-resistance. Invalidates the government from reducing the value your money through inflation, immutable capped supply.

Those properties make Bitcoin the ideal store of value.

Buy the dip, and?

[Soots]

Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.

It's a matter of risk.
No one in this world is a genuine. And not all that we see is truth. Exchanges are earning because of traders. Manipulation of the market is always happening. There is no profits if they would not make fake volumes, buy-sell walls, high fees and bot. Yes, everyone is allowed to enter and exit to the market. But once you step in, there is a probability that you will lose.

We cannot deny that there is always a risk of losing money and ending up as a broke if you will try to make money in cryptocurrency. I believed that not all the time, there is a manipulation in the market. The fluctuation for cryptocurrencies are now mature compare before. You can still make profit by doing a pure clean trade, just make sure that you know how to do technical analysis.

If you're not having a strong and courageous stand for cryptocurrency you won't be able to survive in the end. When frustrations comes after, I guess you can't handle the pressures behind the risk. Once you determine the good market, technical analysis is useful in pursuing your motives in trading in order to gain better profit from your holdings.

[bettercrypto]

Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.

It's a matter of risk.
No one in this world is a genuine. And not all that we see is truth. Exchanges are earning because of traders. Manipulation of the market is always happening. There is no profits if they would not make fake volumes, buy-sell walls, high fees and bot. Yes, everyone is allowed to enter and exit to the market. But once you step in, there is a probability that you will lose.

We cannot deny that there is always a risk of losing money and ending up as a broke if you will try to make money in cryptocurrency. I believed that not all the time, there is a manipulation in the market. The fluctuation for cryptocurrencies are now mature compare before. You can still make profit by doing a pure clean trade, just make sure that you know how to do technical analysis.

If you're not having a strong and courageous stand for cryptocurrency you won't be able to survive in the end. When frustrations comes after, I guess you can't handle the pressures behind the risk. Once you determine the good market, technical analysis is useful in pursuing your motives in trading in order to gain better profit from your holdings.

+1
You won't be able to stand here in cryptocurrency if you can't afford to lose. If you be depressed of losing your capital. But if you are courageous to fight, you will never become pliant. Trading is really hard work. If you not tough, you will easily go down. Specially when there are lots of frustration from plan, selecting coins up to execution. Trading requires a strong mind, physical and financial.

[TheUltraElite]

His/her problem is using Bitcoin for his desire of fiat wealth.

Maybe. But if that is the case then they will get burnt out very soon. A good example would be this rant thread and thus it is very likely.

Bitcoin should be viewed as something else that, invalidates the government from seizing your property, Bitcoin. Invalidates the government from stopping you in buying whatever you want to but, censorship-resistance. Invalidates the government from reducing the value your money through inflation, immutable capped supply.

Properties that bitcoin have making it different from other modes of transaction. I still think many people dont really understand the meaning and importance of these words. They think of everything to be either on one pole vaporware and another pole as get-rich-quick. Those who go with either of these mentalities will fail in future in any attempt at making money.

Those properties make Bitcoin the ideal store of value.

I wont call anything ideal. It a good store. But nothing can be ideal.

Buy the dip, and?

HODL or sell, whatever anyone wishes.

[binhvo1505]

Trading has become financial slavery and it really has to change.
Everyday there's something out there there tries to lie to people and abuse them with fake information, trolls, and fake volume nearly on every website but mostly on Binance.com trying to make them buy bitcoin literally everyday, harassing them with constant buy trades and fake volume as if doing anything else is wrong.

It gets so wrong and abusive that traders hardly have time to sleep let alone take a shower or clean their own home.
I'm not sure how many people speak out about this but it's going to have to start to be discussed eventually more.

I think this is a common problem for traders and it is not related to the law. Perhaps as you think this is an incident involving manipulation but this is called freedom of speech. anyone can speak and say anything as long as no damage to anyone.
so the urging of many sharks to be seen as their strategy and only the sheep will be trapped.

[Spaffin]

Trading has become financial slavery and it really has to change.
Everyday there's something out there there tries to lie to people and abuse them with fake information, trolls, and fake volume nearly on every website but mostly on Binance.com trying to make them buy bitcoin literally everyday, harassing them with constant buy trades and fake volume as if doing anything else is wrong.

It gets so wrong and abusive that traders hardly have time to sleep let alone take a shower or clean their own home.
I'm not sure how many people speak out about this but it's going to have to start to be discussed eventually more.

I think this is a common problem for traders and it is not related to the law. Perhaps as you think this is an incident involving manipulation but this is called freedom of speech. anyone can speak and say anything as long as no damage to anyone.
so the urging of many sharks to be seen as their strategy and only the sheep will be trapped.

In fact, if we take into account the manipulations in the cryptocurrency market, then this is completely different, and not freedom of action or freedom of speech.  Many traders really do their best to get good results, but some people still manipulate the market and earn income at the expense of others.  Of course, this is not a matter of legalizing cryptocurrency, because even in the stock market, prosecutors always prosecute those who play against the rules.

[iv4n]

Post is long, and after reading it I didn't find anything about problems with bitcoin or in bitcoin, like OP said. People and what people do can be a problem, in some ways, but bitcoin is not responsible for peoples actions.

Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.

Great post! Trading is a competition, its you against others, and there's nothing new about it. People can try to make money, but when you are trying to make money there are chances to lose money too, people often forget about that side, and when they lose money they are surprised. They blame everyone and everything around, but they forget they had a choice to try or to stay away.

[Asmonist]

There's always a risk in every trading we engaged in. Only trust and confidence is our weapon and we really never know who's telling the truth. Maybe all we can do is just trust in the process and trade what you can afford to loose. It really sounds cliche but its really the reality about it. Of course we always hope for the best outcome in every trade we do. We just be ready for whatever problem bitcoin may lead at least we have some extra fund to continue our living.

[adzino]

Trading has become financial slavery and it really has to change.
Everyday there's something out there there tries to lie to people and abuse them with fake information, trolls, and fake volume nearly on every website but mostly on Binance.com trying to make them buy bitcoin literally everyday, harassing them with constant buy trades and fake volume as if doing anything else is wrong.

Do you even know what harass means? I don't know whats up with Binance since I haven't used that exchange for while, but I am pretty sure they aren't "harassing" anyone or else we all would have heard about it. So you are saying people that they are using those fake information to force (since you said harass which means they are making putting pressure on them) people to buy bitcoin? Nope, I didn't hear anyone complaining yet. If people sees those faux information and falls for it, they are to be blamed first!