Post
Topic
Board Altcoin Discussion
Re: Confidence in Cryptocurrency
by
emberbekas
on 16/05/2019, 19:22:57 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.

Exchange sites need to strengthen their security systems especially in terms of the security of customers' money. If this can be corrected and hacking cases of exchange sites decreases, it will certainly help to increase investor confidence.