Cryptocurrencies are ruling the world without a doubt. People are stocking up their entire funds and investing in cryptocurrencies like Bitcoin. Bitcoin is the largest and most demanded cryptocurrency in the crypto space, but along with Bitcoin, the cryptocurrency that has attracted investors is Dogecoin. Although Dogecoin has only started to increase and cannot be compared with Bitcoin still its price has increased to a great extent that investors are impressed. In today’s time, both bitcoin and Dogecoin have become the common names that every investor knows.
The market of cryptocurrency is growing, but investors are facing issues with trading platforms nowadays. The trading platforms seem to be unequipped that make investors worry about investing in the crypto space. You can visit bitiq to become part of the latest digital currency. The reason behind trading platforms not providing a wide variety of services is because of lack of required infrastructure, inconsistent tie-ups with financial institutions and the inability to manage traffic on the website. All this have left investors frustrated because trading platforms are the only preferred platforms through which traders can trade cryptocurrencies.
The largest crypto trading platforms of specific states or countries are getting crashed because of the huge increase in value of Bitcoin and Dogecoin. The frustrated investors even post on social media platforms that they missed out on making huge profits by not being able to complete the transactions. Many investors were frustrated because they weren’t able to use bitcoin wallet and send bitcoins for transactions.
What are the issues, and who is responsible?
It is definitely wrong to talk about only a specific trading platform, as all the platforms have issues that annoy investors. The team of experts of trading platforms regularly work on making the user experience better, but still, there are many issues. Some people think that the issues of trading platforms only occur on busy investment days, but this isn’t the reality. The issues with trading platforms even arise on regular days also as people aren’t able to add their money to digital wallets.
Even there are only a few trading platforms that have restricted Int transactions which indicate that Indian users won’t be able to trade cryptocurrencies in INR. The reason that the trading platform stopped INR transactions is because of some issues with their partner bank. People are missing out on the opportunity to invest in the largest cryptocurrency like Bitcoin because there are only limited tokens of bitcoin, and every investor wants to earn massive profits.
The Indian government has already placed certain restrictions on the trade and use of cryptocurrency, and now, if the trading platforms will also not work properly, it will be a huge setback for the Indian crypto investors. Poor infrastructure and a minimum capability of the platforms to handle heavy traffic has made the investors furious and irritated. One of the biggest crypto platforms in India crashed when Dogecoin increased and reached its all-time high price. All the social media was full of angry investors complaining about the poor services and infrastructure as it made them miss a great chance to use the opportunity and make some gains.
The owners of the trading platform tweeted and told the users that the team is working on the issues and they will be resolved soon. However, the issues were faced in the Doge market only as other markets were working perfectly. Blames were made on some of the banking partners too.
Huge prediction for the bitcoin’s price
Bitcoin is already sitting at a high price, but if we believe the financial experts, it is nothing as compared to what bitcoin is hiding behind for the future. According to some news, there are massive changes that bitcoin may easily touch $250000 in the next five years. Experts believe that there is a lot more in bitcoins than what has been discovered. There are several things that investors are underestimating and overlooking. Bitcoin network is the fastest-growing network, and bitcoin is compared with digital gold. Bitcoin is the gold of the crypto world, and it will surely rise in the next few years and will reach a new high, which no one is able to predict currently. Bitcoin is already 98% up in a year, and there will be no shock if the claims of the experts turn out to be true in the future.