Topic: what are the common challenges for bitcoin user? - page 13. (Read 2086 times)
A portion of the difficulties that a man must overcome is confronting reality that bitcoin's cost will never remain the same and will rise and tumble every now and then. Another is that bitcoin can be earned effortlessly yet not considered "beyond any doubt cash". It isn't preventable and the best way to confront those difficulties is to simply look into additional about bitcoin to pick up information and acknowledge the truth that they are taking a chance with their cash in bitcoin.
The everyday challenges for Bitcoin users are likely to be market fluctuations that are very rapid and unstable, with many claiming that Bitcoin offers excellent returns to investors. The likelihood of these risks is also very high, and this can be a challenge for many.
Bitcoin has come a long way in the eight or so years it's been in existence, but there's still a long way to go before the digital currency becomes a widely used method of paying for goods and services. Here are seven of the biggest challenges facing mainstream adoption of bitcoin, and what would need to happen for consumers to start using the digital currency on a large scale.
1. Volatility
2. Ease of use
3. Widespread acceptance
4.Potential for theft
5. Scalability
1. Volatility
2. Ease of use
3. Widespread acceptance
4.Potential for theft
5. Scalability
The commons colleges that bitcoin user is they get panic when the value goes down and sell for higher value. Someone hacked the wallet of user. User did not how to protect their wallet from steeling of someone.
Yeah when you say common, that means a lot of these happen most of the time. The volatility is a challenge for newbies not used to the sometimes extreme ups and downs of btc. It can move with even the smallest fud and inexperienced traders would be prone to panic. Most challenges actually dwindle down when people become more experienced
The commons colleges that bitcoin user is they get panic when the value goes down and sell for higher value. Someone hacked the wallet of user. User did not how to protect their wallet from steeling of someone.
This can be said "Patience" and "Time management" is the most challenging in bitcoin. I can not prevent it, I have to bear it. Why? If I do not have patience, I can not survive to benefit from BTC, and also without proper time management it's hard to get bitcoin, it's a challenge for me to always get Bitcoin.
I think it's a good thing because if you increase your usage of Bitcoin, you will get a lot of benefits because we all know that the use of Bitcoin is prohibiting the use of many countries, they have not been able to use Bitcoin, when monopoly uses Bitcoin in every country, the market price will increase
I think the general challenge is that the value is very volatile, and very vulnerable if there is an accident or ban that involves several countries. surely it can not make bitcoin crumble. only the price can change direction and become lower. well here we must be more alert and able to address any difficulties that facing.
The common challenges of bitcoin now and in the future are regulation and control or the power of government to rule out bitcoin not bitcoin will rule out the world. Maybe its a challenge to bitcoin if the government is trying to control and manipulate the whole system of bitcoin and make it favorable only to them not for its countrymen. We can prevent it to happen if we will support bitcoin and make it more powerful than people so that it the authority is on the people not in the government.
I think one of the challenges for bitcoin users is the way bitcoin rises and drops from time to time....
As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
Well, there have been 2 major challenges bitcoins are facing right now. These are the expensive transaction fees and slow transfer rates. We can prevent it at least by incorporating bitcoins to the lightning network. We should face these challenges head on without fail.
Agreed that BTC still has a long way to go on as far as establishing itself as a strong currency. The majority of coin holders are in for the investment. Most have accepted it as the crypto gold, while comparing Ethereum to oil. Some think that the success of BTC is in the hands of the whales. Others would prefer to ignore their looming threat to the volatility of the coin. Surely further adoption, with mined coins in ownership as well as healthy usage to stimulate even further vitality and success.
Well, since bitcoin is gaining too high value in the market, it tends to banned in some countries because of imbalance in the economy. It will be hard to transact since there are some regulation that prohibits its existence.
one of the common challenges that a bitcoin users encounter is that the price movements or its value in the market., bitcoin have to accepted in the world with clearly regulation to protect it, To fight against this, we should share our positive experiences on social media.
dealing with fluctuations, avoiding scams.
The speed of processing blocks, the high cost of transactions.
As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
the challenge is the unstable price issue and the bitcoin legality problem in the eyes of the government because it is too far away with the green light for bitcoin in official currency as my country we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
I will name at least one huge challenge facing Bitcoin. It is the fact that Bitcoin needs internet as it is an online currency. A lot of areas in the world are still considered blind spots, meaning no internet connections. And a lot of countries in the world are still far from reaching the digital era. Bitcoin is going to be very limited due to this problem. It might thrive in developed countries but may not in underdeveloped ones. How to face it? Well, advanced countries reaching out to the ones left behind will be of big help.
Since Bitcoin has reached its tenth year of existence there is a long run to go before the digital money to be widely used method to buy goods and services. One of the common challenges of Bitcoin facing is acceptance ,and the next one is volatility that is Bitcoin price is fluctuating and not stable and another is some countries are trying to ban Bitcoin ,and lack of privacy in public blockchain is the major challenge of Bitcoin .The biggest problem is the unawareness of the people about Bitcoin.
i see the main challenge for bitcoin user is hacking of wallets that the major threat every bitcoin user face
Jump to: