Topic: what are the common challenges for bitcoin user? - page 15. (Read 2086 times)
One of the common challenges I think is that it is hard to convince parents for bitcoin investments. Older generations likes to go for safer options like gold.
The common challenge in bitcoin is it's volatility. Because of unpredictable prices.
The common challenge of bitcoin is unpredictable price cause we don't know when it up or down it is so unpredictable it is so risky to do. We know investing in bitcoin is a good choice cause you earn unlimited income and brings you happiness but when it is low it's full of stress and sometimes your money are losing. 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?
Many people forget the password or the password they encrypted for the Bitcoin wallet. we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
As a bitcoin user some of the common challenges that i'm encountering is the volatility of the price, i know that the cyrpto currency always moves and unstable its just that i am hoping that it will always in a good place of value. And also the other challenge for me is how to keep safe my wallet from scammers, i ensure that im only dealing with the right legal persons .
the common challenge for bitcoin user is how to protect their wallet safely.
it is recommended for you to use hard wallet to avoid being stolen or hacked.
it is recommended for you to use hard wallet to avoid being stolen or hacked.
It depends really.
Right now, the biggest challenge for me is how to report my income from bitcoin to the authorities in my country.
In my country, bitcoin is not recognized as currency (money) or financial assets.
So, how to prove my earning, my income and how to pay local tax?
Very difficult situation really.
Right now, the biggest challenge for me is how to report my income from bitcoin to the authorities in my country.
In my country, bitcoin is not recognized as currency (money) or financial assets.
So, how to prove my earning, my income and how to pay local tax?
Very difficult situation really.
I personally do not see any problems, I have studied everything and perfectly understood the whole system, so I do not observe any difficulties
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?
I think the most challenge that bitcoin might face is when all of the governments around the world ban it from their country because they see that it might cause a threat especially when it is not transparent, in terms of its transaction. Bitcoin might be used in illegal things like buying drugs and weapons and I think it is already happening so I think government will prevent this by banning bitcoins. we should know.
1.what challenges are facing bitcoin?
Our main challenge as a Bitcoin user is price. The rise of prices makes us restless and joyful. The way to prevent this challenge is not to hold Bitcoin for too long. How to overcome the price of the coin we are holding is to be patient and wait for the price to rise again.
I think now the challenge for bitcoin is in the fee for delivery. as small as possible to send on a small scale must spend quite a lot of money. and also I think nowadays to watch out for is a political game that interferes
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 think the common challenges for bitcoin user is when the price of bitcoin is decreasing and we don't know where it will rise again. Maybe it can take two or more months to increase again. I think we cannot prevent it because it is part of the bitcoin, to decrease or increase its value. All we need to do is just trust bitcoin and wait for it to rise again. And we were happy again.
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 some of the biggest challenges facing mainstream adoption of bitcoin.
Volatility
Ease of use
Widespread acceptance
Potential for theft
Reputation for criminal activity
Tax issues
Scalability...
The bottom line is that bitcoin and the general concept of a digital currency is still very much in its infancy, and several problems need to be solved before bitcoin achieves mainstream adoption as a form of currency. It's also important to point out that this isn't an exhaustive list - there are other challenges facing bitcoin. As one example, there's always the lingering threat of government regulation that could render bitcoin illegal in certain areas of the world.
Volatility
Ease of use
Widespread acceptance
Potential for theft
Reputation for criminal activity
Tax issues
Scalability...
The bottom line is that bitcoin and the general concept of a digital currency is still very much in its infancy, and several problems need to be solved before bitcoin achieves mainstream adoption as a form of currency. It's also important to point out that this isn't an exhaustive list - there are other challenges facing bitcoin. As one example, there's always the lingering threat of government regulation that could render bitcoin illegal in certain areas of the world.
The most common challenges that bitcoin users usually happen is the poor internet connection. If you have transaction it is delay because of the poor internet. We can prevent it if we have a good signal in our home but if you use on the internet cafe you have no choice.
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 common challenge in bitcoin is trust, trust is one of the mist important tool that you can use to be successful in bitcoin, if you dont have trust and bitcoin then you cant take the risk and you cant be a successful person in bitcoin. To prevent it, just give and build your trust to bitcoin so that you are not afraid on what is happening to it.we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
The common challenges for bitcoin users:
1. Holding bitcoin in long term.
2. Expecting the bitcoin value will go high that will surpass the value last year.
I agree with you! The most common challenge of bitcoin user is holding. We all know that not everyone in cryptocurrency world are patient, so it is really challenging for them to wait their coins to grow. 1. Holding bitcoin in long term.
2. Expecting the bitcoin value will go high that will surpass the value last year.
I think the challenge for bitcoin is the adoption of payment systems. Although some online retailers have made the move to integrate bitcoin payments on their platforms, however, it seems the mainstream adoption is still a big challenge to bitcoin.
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 common challenge in bitcoin is trust, trust is one of the mist important tool that you can use to be successful in bitcoin, if you dont have trust and bitcoin then you cant take the risk and you cant be a successful person in bitcoin. To prevent it, just give and build your trust to bitcoin so that you are not afraid on what is happening to it. 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?
there are so many challenges for bitcoin users and to name the few are government legsl acceptance ay digital currency we all know that lot of countries still not encouraging their citizen to invest in bitcoin. another one is regulatory rules, as of now there are no conrete regulation for every country how to regulate bitcoin and protect their investors. and so many others. 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?
The common challenge for bitcoin users is the fall of the bitcoin price itself and it can create panic for those who own, sell or hold also include challenges for bitcoin users.
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?
There are still a myriad of challenges that are still besetting bitcoin. One of this and most notable is its inability to be stable thus proving some of the fears of most of the countries and institutions that have looked this up. As a result they have closed down on bitcoin. How we can prevent it sounds simple enough but still it needs for us to have an exerted effort and be able to raise an information drive so that we can have the people make a sound decision on the state of bitcoin
Jump to: