Topic: what are the common challenges for bitcoin user? - page 3. (Read 2085 times)
the challenge often encountered by bitcoin is a very long price reduction. if there is a decrease in the price of bitcoin then all we have to do is hold the bitcoin we have until the bitcoin price recovered. we should be able to control our emotions if bitcoin prices decrease because we can get huge losses if we can not wait for the bitcoin prices to recover.
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?
Bitcoin as a means of investment or speculation sees its extraordinary fluctuations. Buying Bitcoin at a low value and selling it at a higher value is definitely more promising in the short run than using it as a tool to buy a digital object. Maybe that's one of the challenges i can explain for bitcoin users.we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
Maybe skill and communication will also be tested if we use 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?
I think the common challenge for bitcoin users is the value of an unstable bitcoin so we must have the patience to profit from it.
Opportunities and Challenges The tremendous technological development for me from the advantages of using this online taxi lies in the fee fee being a promising market for a small company for one, through Bitcoin pioneered by blockchain technology.
Being involved in bitcoin is a challenge by your patience, the risk to invest and buy. And you have to accept if its value drops and learn to hold and do not hurry.
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?
Bitcoin has already faced a lot of changes all over its existence but all of it was surpassed by it after a long wait. Many people thought bitcoin will not make it big today but they've eaten all their prediction as bitcoin arises still on the top. As long as we are supporting bitcoin, nothing bad will happen on it so let us keep up with it through all the challenges it is facing. 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 challenges of bitcoin that I can think of the security from the hackers, it is because they are always finding ways to steal our hard earned coins. And the hardest challenge is the mass adoption of bitcoin, there are some countries who banned bitcoin because they are just afraid of it, the see its big potential to influence the financial system.
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?
One of the bitcoin’s challenges is the fluctuation of bitcoin price suddenly. This is because of no official government controling the movement of bitcoin itself. In addition, bitcoin doesn’t provide consumer protection insurance. A simple way, we can monitor the development of bitcoin news every day so we can take decisions from past bitcoin development. Actually,
there are many more bitcoin’s challenges because bitcoin is a new thing in currency technology.
Challenge for bitcoin users
1. New born technology
Troubleshooting challenges such as transaction speed, data limits will be crucial in making widely applicable blockchains.
2. Regulatory status is uncertain
modern currency (bitcoin and bloklckchain) which are always created and regulated by national governments that will face obstacles to the problem of adoption / adoption by existing financial institutions if the status of government regulations has not been established.
3. The emergence of its new virtual currency
with you its new virtual currency then it will be a competition on the market, could be cause low bitcoin prices down .
1. New born technology
Troubleshooting challenges such as transaction speed, data limits will be crucial in making widely applicable blockchains.
2. Regulatory status is uncertain
modern currency (bitcoin and bloklckchain) which are always created and regulated by national governments that will face obstacles to the problem of adoption / adoption by existing financial institutions if the status of government regulations has not been established.
3. The emergence of its new virtual currency
with you its new virtual currency then it will be a competition on the market, could be cause low bitcoin prices down .
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.
Yes I strongly agree with you. I think the common challenge that users are facing is the connection to internet because sometimes the wifi or data is so poor and we can't log in to our account. I think also the rules in every campaign because sometimes rules are not clear that's why other users are have doubt but it is not a big problem. First is that it is risky to go into. At times, it goes down but sometimes it bounces back. None of us know what will happen in this cryptocurrency and I think that is the biggest challenge every btc user faces.
The biggest common challenge in bitcoin is the price cause is not stable it is risky for every investor's. We don't know what happen tomorrow when it down or up, all we need is patient and be optimistic that bitcoin will rise and shine again.
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
The biggest problem is that right now the financial infrastructure that exists to handle transactions for other things doesn't quite exist for bitcoin. If you send your money to a bitcoin exchange, how do you know that people won't run away with it? You can ask the same question about stock exchanges, and in the early days of stock exchanges, people *did* take the money and run. It took several decades of trial and error to figure out how to keep this from happening. Bitcoin is going through the same "learning curve" but it's going to happen a lot faster.
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 as many here do too that the main problem or barrier is adoption, locally and globally - it's not as if a whole new platform of hardware needs to be implemented, like with say chip and pin machines - anyone with a mobile phone or other smart devices can send, receive and generally use Bitcoin (And the Alts), even existing in store POS units could be very easily adapted to throw up a QR code to receive the payment.
It's not out of boundaries for many people, is not hard to use and the tech layer is there right now to utilize across differing devices.
The one challenge you can really think about is adoption. and it's not something you can fix, it's something that is self-determined with time. as time passes, more and more people find out about Bitcoin and more of them start using it. some traders and some users and they all make the ecosystem grow. This is unavoidable and the only way to deal with these challenges is to just research more about Bitcoin to gain knowledge and accept the fact that they are risking their money in 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.
Not all people can adopt to the bitcoin thing because they are digitally used unlike the fiat and besides there are limited stores that are accepting it as a payment so it is not that easy to use bitcoins in this time because they are not that accepted at all market. But as time goes by the people get to know it more and more people use it. But the temptation also is one challenges if you are a user because sometimes the price falls and you want to buy so you will lose money if you sell them you have to have a lot of patience
The common challenge that test the faith and skills of bitcoin users is how do they deal with loss. Through low market value, it test the bitcoin users what will be there actions in this type of situation.
exactly this is so much thing that we can actually see for that this currency need to have deal with it we can actually experience for everything that is for not to be expect for a lot of challenges here that in a real world you have to face this also.
the common challenge of bitcoin users is they can lose bitcoin if they are not careful, such as negligence in the privacy key known to people. and also anxiety when bitcoin prices go down, and also less usually read charts when bitcoin prices will rise high and for itula sell it at lace price people will be disappointed, this situation often happens by beginners.
The common challenge that test the faith and skills of bitcoin users is how do they deal with loss. Through low market value, it test the bitcoin users what will be there actions in this type of situation.
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 serious challenge that needs to be faced is the Bitcoin price movement that is very easy to change. I see this as a problem, but I also say this is the positive side. If we respond negatively then of course this is a problem. Though we can use it well, when we can take the opportunity to earn profits then it is worth saying as a positive thing. We must wait also how the reaction will be done by the government, support from the government will greatly help how bitcoin will grow in the future. we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
Jump to: