Quote from: SteelLiver on August 13, 2018, 04:00:00 PM

Quote from: researcher194 on August 11, 2018, 03:57:47 PM

Real background of crypto market losses

- hundreds of non-performing crypto-based companies
- hundreds of fake icos with high-faluting marketing promoting promises (for example Worldcore)
- a lot of crypto scams
- a lot of payment problems in shops with certain cryptos (I suspect most of widely unknown ones - like Worldcore)

>> heavy loss of confidence in cryptos

Hundreds if not a couple of thousands...

The problem is the market is regulated barely - no proper legislation, no any formalized professional standards, no professional associations. This makes a wide range for any sort of swindlers to opearte pesudo crypto currencies and also makes some weaker market players easy preys to black-PR campaigns and various speculations (i.e the Worldcore case).

I agree completely with your comment regarding the industry legislation and professional association membership. It lacks it a lot. If you're a member of an association and conduct in accordance with a professional code you're defended against any fake news, rumours and attacks with your association protection - i.e. official statement confirming you're a trustworthy company and not a scam. Of course this overweights easily any private (or paid) opinions on any forums. On the other hand, it's up the your association colleagues to decide if you're a scam or not, and if a scam to expel you from the association. But once again, it'll be an official prodecure performed by market professionals and can not be based on any forums discussion. Sadly, the market palyers are not ready to cooperate this way yet, which makes them very vulnerable to any sort of attacks and regulatory risks as well.