Topic: what are the common challenges for bitcoin user? - page 22. (Read 2086 times)
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.And the price volatility is the big problem with bitcoin so no one want s to use it as a currency.
As in G20 summit announced cypto currencies are not currencies its like asset because of huge volatility. I think major challenge with bitcoin is volatility where no one can predict actual value . Like currency which i having value . Wher while buying anything we know the exact value in any country in terms of local currency. But we cant fix the price for anything using crytpo currency or bitcoin.
Well for me.. I see some other countries dont accept what bitcoin is, they need to take a look beyond crypto/digital currency in a future how they can help thier economy, and we can faced it by trying to encourage those people who didnt understand it or try to motivate them
Motivation is not a key for them, it is the knowledge of what the system can do in the market is the most important foundation of not making people sell their bitcoin. If we could distribute the information with the trusted influencers that is well known from that country, it would be a great impact not also the society but in the market.
Through the years of being a bitcoin user, the fast changes in the price of bitcoin is the only thing that i think that is a common challenges because you can lose hope and just quit in doing bitcoin because of the volatility that might piss you off since you can really lose money because of that. Just like what is happening for the past few days that the price of bitcoin dump so hard and the other people already lose some of their money by panic selling.
The common challenge in bitcoin is it's volatility. Because of unpredictable prices.
1. Since crypto is a challenge to government fiat currency, not being squashed and stamped out by government regulation and FUD will be a huge challenge. Until governments can control it completely, they will claim that it serves no purpose, is only for terrorists to wash their money, etc. Since Bitcoin is the most popular crypto, it will take the brunt of the attack.
2. By educating people and/or electing people who know better.
3. See above. Also, older people tend to be more distrustful of crypto and young people tend to embrace it more because they understand it. I think a healthy distrust of government and an understanding of the technology are the keys to mass acceptance for Bitcoin.
i like your take on things and i think also like everything in this life is evolving over time like phones tv.pcs etc...2. By educating people and/or electing people who know better.
3. See above. Also, older people tend to be more distrustful of crypto and young people tend to embrace it more because they understand it. I think a healthy distrust of government and an understanding of the technology are the keys to mass acceptance for Bitcoin.
also will the crypto market and there will a lot of changes that will benefit the community and the holders when we find more ways to get crypto widely accepted as a form of payment
One of the main challenge that i felt that a btc user has to face is that they should be ready to take up any kind of risk while being a btc holder .The price of the btc market depends on the market trend and the btc holder has to be updated about the market trends or else they will end up in loss. Another thing which can affect a btc holder can be the unexpected ban that can come up in their nation if any government but ban on btc investment they will no longer be able to use btc in their nation and it can also affect the investor as they will be in huge loss and it is not everyone's piece of cake to afford btc these days.Apart from that it is the best investment decision one can do in this scenario.
my opinion is :
1. On the bitcoin challenge is the fall in market prices (bitcoin prices are being destroyed)
2. saving electricity usage, do not sell bitcoin at a price that adds down to the price of bitcoin or other coin
3. By saving electricity and holding the bitcoin sale price at the price it should be in order to raise the sale price of bitcoin. as well as for other coins
1. On the bitcoin challenge is the fall in market prices (bitcoin prices are being destroyed)
2. saving electricity usage, do not sell bitcoin at a price that adds down to the price of bitcoin or other coin
3. By saving electricity and holding the bitcoin sale price at the price it should be in order to raise the sale price of bitcoin. as well as for other coins
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?
Everyone can support BTC and criptocurrency at all. Even registering and participating at this forum you also can help criptocurrency development. Tell about criptocurrency your friends, tell about blockchain technology - the more people will know about cripto the more people will be interested in it
Every one in this forum will faces some challenges.It will vary based on the people mind.Even I had some challenges in bitcoin.I had try to save one bitcoin in my wallet from long.But still now,it was my day dream.Once the price increase to certain value,I will sell my certain part of bitcoin to enjoy my life.
When the price increases ,I will get excited.
When the price increases ,I will get excited.
We should reduce the criminal elements within our community. We should be the driving force behind this to weed out these criminals. By doing this, we will show that we as a community, do not support criminals and that we are not criminals as suggested by many of the mainstream media.
We have a lot of talented developers and white hat hackers to help us with this. They should help us to expose these criminals.
We have a lot of talented developers and white hat hackers to help us with this. They should help us to expose these criminals.
the only challenge that i can think of which really matters is adoption. and that is not something you can fix, it is something that is fixed on its own with time.
as time goes by more people find out about bitcoin and more of them start using it. some are merchants and some are users and they all make the ecosystem grow.
as time goes by more people find out about bitcoin and more of them start using it. some are merchants and some are users and they all make the ecosystem grow.
I agree with you. Even though the bitcoin is becoming more popular currency around the world but not all countries are accepting it as legal currency that could be used for paying goods and services. Another challenge is that bitcoin isn't user friendly. If only bitcoin is very easy to use, with just touch of a button, more less tech-savvy consumers will be interested in the world of bitcoin.
The greatest test that Bitcoin will confront is the direction of governments and the individuals who spread FUDs. How to anticipate it? nobody can avoid it, in light of the fact that there are nations that would prefer not to about Bitcoin being a strategy for installment or make it legitimate cash. Another test is the unpredictability, as long as Bitcoin cost are not steady, there will be just couple of organizations and administrations that will need to acknowledge it as an installment. How we would it be a good idea for us to confront those difficulties? I don't feel that Bitcoin will turn into a cash that is by and large broadly utilized for purchasing merchandise, since individuals will dependably consider Bitcoin a venture as opposed to utilizing it as a medium of installment and we need to acknowledge that.
For me is the security issue is the most and common challenges that ever encounter in every bitcoin holders, if your account will be hack or you forgot and lost the key then your holding will be lost forever.
A common challenge merit me after I feel joining in the world of good crypto trading and so forth.
.1 # the price is not stable that sometimes makes me have to lose if I sell when the price drops like now .
2 # sometimes when I get a pretty big profit in my opinion and I spend this and that people around me sometimes say and accuse me of doing business that is banned by the state like gambling and so forth .
3 # which is this last number which always make my little heart ask questions maybe bitcoiners too.
I am afraid and worried the world of crypto sometime in the cap and without any news in advance while the assets we have not deep inside we take .
or when we exchange with our country currency there is no market or people who serve it.
.# but hope i hope the crypto world will go ahead and many countries join and support the world of cryiptocurrency #
.1 # the price is not stable that sometimes makes me have to lose if I sell when the price drops like now .
2 # sometimes when I get a pretty big profit in my opinion and I spend this and that people around me sometimes say and accuse me of doing business that is banned by the state like gambling and so forth .
3 # which is this last number which always make my little heart ask questions maybe bitcoiners too.
I am afraid and worried the world of crypto sometime in the cap and without any news in advance while the assets we have not deep inside we take .
or when we exchange with our country currency there is no market or people who serve it.
.# but hope i hope the crypto world will go ahead and many countries join and support the world of cryiptocurrency #
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 most common problem faced by bitcoin users are still bitcoin cannot be used as a currency because it is not accepted as a means of payment.This is due to the people think bitcoin as an investment not a currency so the prices are keep bumping and dumping.We need to adopt to the system as soon as possible if we want that bitcoin to be used as currency. 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 only challenge that exist is how to accomodate those who decided to hate it in the first place. For they will always hope that it will fail. That the world will not learn how to use it. Once Bitcoin persists and dominates they will have no recourse but to hate themselves for convincing themselves that Bitcoin will never flourish just because they hate nerds and geeks that made it successful.
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 that the transaction time is something that should be worked upon. It should be made instant if bitcoin has to compete with payment options like PayPal.
Although Bitcoin's payment system protects user privacy, it also brings some problems. For example, after the end of the transaction, some miners have put together computers to jointly search for Bitcoin. This model is called "mine pool."
I think the challenge facing Bitcoin should be the attitude of various countries. Now that many countries have not yet accepted Bitcoin, they even started to ban Bitcoin. This is a very bad phenomenon.
Well for me.. I see some other countries dont accept what bitcoin is, they need to take a look beyond crypto/digital currency in a future how they can help thier economy, and we can faced it by trying to encourage those people who didnt understand it or try to motivate them
I think the number one challenges that Bitcoin facing out today is the country that didn't allow or support Bitcoin to use by their countrymen, cause even though some people hold some Bitcoin it would hard for them to find an exchanger we're they can convert their Bitcoin into Fiat currency, second is investment in Bitcoin, It really test your ability on how to monitor your alt coins just to make sure that you wouldn't missed the right time when Bitcoin gets pump up.
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