Topic: what are the common challenges for bitcoin user? - page 25. (Read 2086 times)
Being an active user of bitcoin has significant benefits and minimal struggles too. Maintaining the appropriate way of doing the business in every aspects is like a trial-and-error if you don't know what you are doing for. So in return, it might shut off your access to continue.
The most important challenge faced by bitcoin users is the bitcoin price fluctuation that is so active every time that they must have the skills to read the charts if investing in the short-term. As for other challenges is the rise of negative news about bitcoin and bitcoin users should have confidence that bitcoin can survive from FUD news that is likely to affect the movement of bitcoin prices in the market. I also learned from friends who have long experience in this crypto and the key to facing the challenge is to be patient and wait for the right time to benefit from the investment we do on 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?
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
The biggest challenge for bitcoin holders is the frequent drop in value. If this continues probably many people will panic and dump their bitcoins and settle for a much better cryptocurrency. This is one of the biggest threat in the market. The only way for us to help bitcoin is to keep promoting bitcoins and to fight fake news which demoralize bitcoin holders especially newbies.
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 biggest challenge nowadays doesn't come from Bitcoin itself, but rather from the outside (external source). Bitcoin has been used widely by people all around the world. The ease of use is already far better than years ago. The confirmation time is much faster since Segwit take effect. The transaction fee is back to very very cheap like it used to, ranging in the cents USD. The only problem is the government. Most government, especially in third world country, still not allowing their citizen to use Bitcoin as a means of payment.
How do we face it? By continously education people in power about Bitcoin, advocating it, lobbying them and of course by continue using it.
Some of the challenges that a person must overcome is facing the truth that bitcoin's price will never stay the same and will definitely rise and fall from time to time. Another is that bitcoin can be earned easily but not considered "sure money". It is not preventable and the only way to face those challenges is to just research more about bitcoin to gain knowledge and accept the reality that they are risking their money in 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?
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
The challenges of facing bitcoin Is have a potential
For theft it exist that make bitcoin virtually is impossible to steal
But require significantly more effort on the part of users
And with online bitcoin wallets there some chance
That the currency could be stolen and its happened.
I think national policy is the biggest challenge for bitcoin.
The second is the emergence of quantum computers, which in the future may be able to crack bitcoin's private keys.
The second is the emergence of quantum computers, which in the future may be able to crack bitcoin's private keys.
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.
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.
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.
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?
Jump to: