Although we are currently experiencing a (healthy) correction and less attention to the crypto markets, there is still an increase in new traders in the market compared to last years numbers.
With all these new members flooding towards the exchanges, many platforms are forced to disable registration of new members. This is bad news for all “wanna-be” traders given the remarkable capitalization of the total market being measured by trillions of dollars in it’s height, with all sign pointing up.
An average day in the crypto markets boast a daily trading volume in the trillions of dollars. The most incredible part of all this is the fact the the market itself is less than a decade old.
These massive market numbers can be a bit misleading. Actually, they can be massively misleading, but nobody really understands how far off they actually are. Relying on these figures exclusively would undoubtedly provide us with a ‘false case scenario’.
Since the space is so new, we really don’t understand it enough to place an accurate value on the structure of the ecosystem itself or take into account the basic problems affecting the crypto market.
This article will extract some of the current challenges the market faces, and how ThinkCoin aims to ease the ailments. For more information on ThinkCoin, visit the website at https://www.thinkcoin.io/
This is a huge obstacle that all investors need to understand, regardless of their previous experience in crypto or fiat trading marketplaces. Initial Coin Offerings (ICOs) have become huge in the last couple years, and the cost to develop a brand new cryptocurrency, market it, and launch have been cut drastically. This means that anyone can do it whether or not the coin has any actual value or solves any real problems.
An unfortunately common occurrence is known as a Pump-and-Dump scheme, where the development/marketing team behind a particular coin will create a lot of hype and publicity around their project, driving up the price of the coin once it’s officially on the exchanges.
Once the coin is live and the price is inflated, the development team will sell their shares, leaving thousands of investors holding bags worth approximately nothing.
The current state of the market usually means you’ll be waiting on some sort of delay almost every step of the way, which is ironic considering the supposed speed of transactions in the cryptosphere.
Although the problem delays bring to the table is temporary, and improving everyday, it’s something that actively needs to be taken care of.
You’ll experience delays setting up new accounts to trade currencies, because you’ll need to have your identity confirmed for the most crucial step in the transaction: withdrawal and deposit.
This doesn’t even take into account the bugs and delays still present in some of the exchanges being used today. Again, it’s something that will be smoothed out undoubtedly over time.
What’s needed is an all-in-one, streamline process that ensures it’s users an delay-free procedure from start to finish, and that is what ThinkCoin (https://www.thinkcoin.io/) aims to create.
Not only that, they aim to integrate it with the fiat marketplace to deliver a truly streamline structure for FOREX and crypto traders alike.
This is still one of the biggest issues with crypto today, and it’s not exclusive to the crypto markets either. Since the space is so new and largely unregulated, it’s easier to get away with fraudulent ICOs and market manipulation.
With volatility so high in the crypto market, investors with massive holdings are able to effect the market in a (somewhat) predictable manner, allowing them to accumulate even more tokens, and giving them even better odds of reproducing the manipulations.
This is another issue ThinkCoin could potential assist the market with. By integrating the fiat and crypto markets, stability could be introduced to the market, decreasing the potential for market manipulation to occur.
Disclaimer: As with all investments, you should do your own research. The information provided in this article is focused primarily on bringing the facts out of the white paper to supplement your due diligence. Please do your own research and make up your own mind.
Links:
https://www.thinkcoin.io/
