Post
Topic
Board Altcoin Discussion
Re: Confidence in Cryptocurrency
by
neonshium
on 07/05/2019, 08:33:54 UTC
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.



To restore the full confidence of investors in Crypto, I think a lot needs to be done but first we need to start from full adoption of crypto by the government and regulated. I believe when a project is fully registered and regulated, investors will be able to invest having that ease that their money is safe
This confidence is also building up by the newly launched projects like IEO on the Binance Launchpad that has assured the users to start with it without worrying about they will get scammed. It was ICO where developers got the authority to control these projects but here the super exchanges have taken the responsibility to act as counterparty medium between the user and the developer that sounds safe and help build confidence.