Trust, High Profile ICO Scams, and Difficulty to Deal with Exchanges are the Bitcoin’s Biggest Problems to Reach Masses

Bitcoin is still in the red zone as it is trading around $3400. It is quite surprising that almost all of the top cryptocurrencies have shown slight increase in their values. Instead, Bitcoin has recorded a fraction decrease in its value. It is also important to mention that Bitcoin had started week at $3655.

Ethereum and Ripple the second and the third rank cryptocurrencies have shown a little increase. Ripple’s value has increased a half percent and touched $0.29 while Ethereum has shown 1.7 percent increase. There is no wonder that both these cryptocurrencies have started their week at higher prices.

If we check the total market cap of all the cryptocurrencies, it has also decreased from $120.1 billion in the last week to $113.2 now. This shows that bad time for cryptocurrencies is not over yet.

On the other hand, we have also heard that Iran is going to ban unapproved cryptocurrencies and planning to launch its own. Different financial experts and crypto analysts are putting forward different reasons for this decrease in the values of Bitcoin and other cryptocurrencies. All agree to the fact that unable to reach masses is one of the biggest reasons of their failure.

It is also a reality that Bitcoin showed a great buzz in 2018. It had changed the lives of many people. This is because sudden bullish signs in its value made hundreds of people rich. There are also many who have lost all their investment because they wanted to earn more.

Advantages of Autopilot trading robots

• Complete control of robots

When you create or get custom robots, traders get complete control over these robots. You can set the parameters you want for the robot to act. With this power, you can also set profit targets and set loss limits.

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• Error free

As long as the code on these robots is error-free, traders have a chance of making huge profit margins. The code usually is set on certain actions and rules to follow on the market. And this gives less chances of making losses.

• Dependable

The robots you will get from us are tested and proven to work. Dependable robots will furnish traders with the right tools when trading.

Get dependable robots that showcase how best to take advantage of the market by placing informed trades.

• Ease of use

Using the robot is another aspect every trader must learn. And that’s why these robots come with a user-friendly appeal.

The robots have what it takes to offer some of the best in terms of reliability and accuracy.

• Fun to use

Trading doesn’t have to be all that serious, with a fun forex trading robots, you get to enjoy manipulating the market.

Traders who are happy at their job often furnish others with the best in terms of fun times.

• Setting aggressive and passive trading parameters

With the trader having complete full control, you can set the best in terms of how aggressive or passive you want the bot to trade. If you want the bot to be more market specific, it will act according to the input settings.

• Deals with the routine you don’t need

Robots make trading routines simpler as they help navigate the volatile markets to make wise decisions. Algorithmic trading means you don’t have to place each trade manually as the bot can execute trades for you.

Still, Bitcoin is an attractive and exotic cryptocurrency for those who believe that technological advancement will revolutionize the world economics in near future. There are three main reasons why Bitcoin is unable to reach masses and get wide acceptance.

The Hurdles in Bitcoin Mass Adoption

The very first reason behind Bitcoin failure is the lack of people’s trust in this digital currency. This is because people do not understand the true technology at the back of the cryptocurrency. They only keep an eye on erratic movement in its values. Most of the people want to invest in it to become rich. Moreover, wild swings in Bitcoin prices have also created negative environment for the cryptocurrency. We can overcome this hurdle by educating people about the blockchain technology and its benefits in real life.

The second hurdle behind Bitcoin wide acceptance in masses is the ICO scams around the world. Even, the Bitcoin enthusiasts are fearful about these scams. Once again this is lack of understanding because most people link Bitcoin with ICO’s. They do not understand the differences between cryptocurrencies and Initial Coin Offerings (ICO).

It is also a reality that Bitcoin and other cryptocurrencies are not free of scams. Many exchanges have to face hacking and theft issues regarding these currencies in the past. Some analysts believe that this hacking takes place on daily basis. Similarly, the use of Bitcoin and other cryptocurrencies in illegal activities is also creating fears in the mind of people. Holding Bitcoin has become much more difficult than holding cash and other assets because of these scams.

The third and the last hurdle is the difficulty in dealing with Bitcoin exchanges. The thing that makes this dealing difficult is the switching back and forth between digital and fiat currencies. About 35% people seem complaining of not receiving their funds timely during this switching process.

This is why exchanges are working day and night on facilitating customers to buy digital assets with their respective fiat currencies. Also, some companies have launched their crypto apps to make this process further easy.