Topic: what are the common challenges for bitcoin user? - page 18. (Read 2101 times)

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.

Several sites and businesses have started surrounding their businesses with bitcoin and altcoins. Funds transferred reflects immediately and it’s an open source transaction. I supposed that it’s just the usage that may be the challenge but more importantly, the volatility of the currrencies is really a challenge because it can go for or go against the investor. So, the price variation is usually a challenge for most cryptocurrency users.

1. One of the challenges that bitcoin is facing right now is its legalization. Bitcoin cryptocurrency have no legal boundaries so some people are also hesitant to invest in it.
2. Although it is hard and seems to contradict the real sense of bitcoin, there must be a law providing some legal boundaries and legal matters about it.
3. I think if bitcoin is within the law, some people will be more comfortable in joining and/or investing.

Bitcoin has brought innovation in the world of financing  yet being faced with threats from the banks and some governments. One of the challenges is that in the absence of internet, one cannot access his wallet to make a transaction especially during an emergency. Anyway, Bitcoin is still being developed each day. We hope to see an era when Bitcoin can be used offline.

Common challenge for Bitcoin us unstable price. Bitcoin price always fluctuate. We can't control it. But we can prevent and face this problem.  Don't sale it on down price. It's main solution is hold. You you worry and sale then you will on loss. So keep calm during fluctuate.

The common challenges for a bitcoin user are;

Legalization of the Digital Currency: Bitcoin and Altcoins. It is a fact that cryptocurrencies are not accepted and legalized by the government. Thus, it can be a hindrance to a bitcoin user if the government of the country where the user lives suddenly bans the use and being involved to cryptocurrency.

Fluctuating Bitcoin Prices. It is one of the toughest struggle of a bitcoin user could ever face, especially if that user is also an investor who put a huge amount of capital or everything they have. It's hard to get by and convince yourself to be patient if you see the price of bitcoin fall off more as time goes by and even harder to make decisions whether or not make investments during a time of hope considering in mind that it might be  only for a short term. However, if you're a firm believer of the potential of Bitcoin to produce huge profits then facing this problem can be tolerable to you than others.

Insufficient Knowledge and Troubles regarding Policies of the Forum. Being a beginner or newbie in this industry requires you to do a lot of catching up. Enthusiasm and hard-work are essential values for an user to be able to gain knowledge and preventing the user to be left behind. Given the fact that the are changes to the policies of the forum like the merit system makes it more challenging for the users of different ranks to get to the next level of their ranks.

Personally, the common challenges of a bitcoin user that may encounter within thyself is time management, patience and dedication.

There is always challenges. It makes us more stronger and measures how long our patience will be. Some of the challenges I have known for having a bitcoin is
1.FUD. It is everywhere.
2.Goverment policies. We all know that there are some countries who didnt accept bitcoin as a currency. I feel pity for those people who wants to invest in bitcoin.
3.Hackers. They are also everywhere. As cryptoworld grows bigger, more hackers already been looking for targets. Your money/ assets relies on your hand. Just make sure your doing the right thing to secure all your assets to avoid those hackers.
4.High fees.
These are only few of my opinions. Patience is virtue. Have more and more patience.

Bitcoin is not used by the users what is meant for we are using as money making product buy just dumping and bumping so if the user want to spend his bitcoin without converting it into fiat is not possible yet.

Today's bitcoin challenge I think is a difficult permission to get, we can get permission by never using bitcoin for crime, for that reason many governments have not yet authorized the permission to use bitcoin.
so let us first name the bitcoin.

For me adaptation and work with the market flow. Do not force stuff and just be patient. You also need to learn to let go. IF you got left behind the market do not try and make profit as you will lose money. If yo sold at profit and the market is still going up then let go. Chances are you might lose your profit if you go after it.

One of the challenges of bitcoin is that the price of bitcoin is not stable, the price will definitely rise and fall from time to time

I think the common challenges for bitcoin user is the price of it. For me it is because the price of it is unpredictable sometimes the price of it will goes down or sometimes when you didn't expect it will rise. Other challenges is that when you our tired of waiting that's the time that you think to stop working on it so just like what the expert said you need your patience here so that you can earn a large amount of money.

a very common challenge for bitcoin users is to run all the rules about bitcoin always post every week. what and always keep the rules provided by the respective bounty managers. and do not forget we have to keep the private key

The first problem that you'll gonna face is adopting to it since you are a new user.  You need a great source of information for you to understand well bitcoin so that you will have that much problem adapting. Another problem is that bitcoin is very volatile,  and having lack of patience and easy to panicked mentality will literally take you down in this activity.

I think one of the common challenges of bitcoin holders is that you can't predict if the price of bitcoin will rise or crash AGAIN

For me, the common challenges for bitcoin user is the different or the  undefined emotions  everytime bitcoins value is fluctuating. But that is the challenge of bitcoin. Once  you become a bitcoin  user probably you are a great risk-taker.

We all know that Bitcoin has been volatile since its inception, but as the days go by Bitcoin achieves mainstream adoption as a currency. There are challenges  that we are facing  as user , the misinformation from the wel known network site, they keep spreading thier FUD that maybe some new investor will backout. Forget private key which can never retrieve anymore .

1. A major challenge is bitcoin legalize bitcoin.
2. Pelegalan bitcoin can be prevented by selecting a head of State who support the bitcoin.
3. Endorses the decision of the head of State to legalize bitcoin.

For me, it is also the great challenge. It is almost impossible to predict when the price of Bitcoin will go up and when it can fall. You should also be very lucky and have a sense of feeling the market to sell BTC with the profit.

Bitcoin was a not a fully developed system and there are possibilities that we may encounter some as a bitcoin holder. Some of that is the bitcoin price not all the times we can experience high price, being hacked was also a common challenge we just be more careful on what we are doing and avoid opening suspicious document and file.