What’s needed to make cryptocurrency successful on long term?steemCreated with Sketch.

in #cryptocurrency7 years ago (edited)

TRUST! That’s the key.

But how?

Well, first of all the price fluctuation must be more stabilized.
Other ways we will still have a lot of speculation into the market and the currency will not be very useful for the daily life.
Nobody will exchange his FIAT-Money to a cryptocurrency, if tomorrow the money is worth the half…
I know, it's also possible to get the double; but… again, just speculation!

That’s why, from my point of view, the following points are the keys to get a stable and healthy cryptocurrency:

• Legal identification of all market participants
(At least the account must be assignable to an identified owner)

• Legal & tax regulations have to be followed

With only this two regulations, it wouldn’t exist a reason for a community to fight the cryptocurrency or to attract illegal trading.
All the other steps in the process of cryptocurrency trading are absolutely transparent already.

TRANSPARENCY and STABLE currencies, equals TRUST!

Let's know about your opinion... what do you think about?

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More buyer less sellerq more promotion and utility then done.

not sure, if that will be enough...