BITCOIN AND CRYPTOCURRENCY( Why New Investors Are Scared To Invest In Cryptocurrency)

in #bitcoin3 years ago (edited)

Hello steemians its vishal singh chauhan here . I m going to share u my thoughts on bitcoin .

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What is bitcoin doing?
When bitcoin goes up then it faces resistances and resistances are very strong and we dont have much support to break these resistance but when bitcoin goes down its breaks supports again and again and breaks every support very smoothly.

Bitcoin has to stop this and stand stable in market otherwise no new investor and firms will buy bitcoin because of its unstability the reason behind this is if bitcoin is unstable then its price will go up and down then there is a chance to loose money and this fear of loosing money will stop new investors to invest in money.

Everyone want to invest their money in safe place in which he or she can earn some money so that they can live their life well if they will invest their money in unstable thing whose price goes up and down then why they should invest their money in this thing.

HACKING
There are toooo many cases happened in 2018 of hacking exchanges etherium wallets and many others wallets.There are so many people who lost their money in hacking .These hacking cases are growing day by day .
The rapid growth of hacking in our crypto industry is stopping new investors to invest in bitcoin and other cryptocurrencies.

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TOP 5 CRYPTO HACKS

  1. MT. GOX
    Hacked year - 2011/2014
    Hacked amount - 2609/750,000

  2. BITFINEX
    Hacked date - August 2016
    Hacked amount - 120,000

  3. POLONIEX
    Hacked date - 4 March 2014
    Hacked amount - 12.3% of all btc on poloniex (93btc)

  4. BITSTAMP
    Hacked date - 4 January 2015
    Hacked amount - 19000btc

  5. THE DAO
    Hacked date - 18 June 2016
    Hacked amount - 3.6 million etherium

BIGGEST BITCOIN DROPS IN HISTORY

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WE HAVE TO IMPROVE SECURITIES OF OUR EXCHANGES ,WALLETS ETC. SO THAT NEW INVESTOR CAN FEEL SAFE TO INVEST IN CRYPTO CURRENCIES IF THIS WILL HAPPEN THEN NO DUMP ONLY PUMP PUMP PUMP.
BECAUSE IF THEIR IS NO HACK THEN NEW INVESTORS WILL FEEL SAFE TO INVEST AND START INVESTING AND IF NEW NEW MONEY WILL COME TO CRYPTO MARKET THEM ONLY WE CAN SEE UPTREND IN OUR CRYPTOCURRENCY MARKET

#TrevonJB
#CraigRant
#upfundme

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How can a new invester dare to get enter into crypto market after watching the downfall after Dec 2018? And the action of Indian govt. On crypto...

New investor will think about it after legalisation of bitcoin in india and when bitcoin will be on its peak tjen new investors will enter into the market but they dont know this is the time to enter in this market

its a unique topic .nice info thanks you are good working

Thanks for apprecitation

Nice information. ..
@vishalchauhan748 Keep sharing with us. ...

Thanks for ur apprecitation

Crypto will sky rocket just hold

Bro already holding and i know the power of crypto

Yeah really because this kind of hacking .the new investors are not coming in the market and also who lose a lot this type of hacking they disappear in it

Yeah thats why we need to improve our security in blockchain

I really like this post. Very valid points you have here. These creates room for more innovation. Hopefully, solutions that cater to these needs will be put up

Thanks man hope securities will be improved

BTC price is going to remain sideways from $6000 to $11000 till December 2019. Sooner or later you will realize my views.Mind it.

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Corrections and uptrend are part of a trading market. However the point here is the Indian Government has not discussed about the importance of blockchain and cryptos on the whole

Correction is a trend of trading market but not hacking

@vishalchauhan , If you see the history of the normal stock markets , you will notice there have been fraudulent activities done by many companies inorder to manipulate the market.

It is the same here, they will mention a lot of stuff to manipulate the market, and then change it again since the media is in their hands.

@vishalchauhan all crypto currency exchange was hacked once due to some interior fault of exchanges but some where solve their error smoothly and some exchanges brought the price down

They have to improve their securities

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