Topic: What is the obstacle of Bitcoin？ - page 10. (Read 22448 times)
I think that now all to this and goes. Bitcoin is gaining popularity, its community is growing, in some places are already beginning to accept payment in bitcoins. Soon it will be accepted everywhere. But for this bitcoin has to solve some problems and people need to learn how to use it.
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
Stability of the value of BTC is really important but to happen
The idea must be spread among the masses and increased liquidity in the market
Which will lead to the maturity of the market and access to fair and steady prices.
One of the problem of the bitcoin is the high fees in every transaction, there are many people who are not satisfy on using bitcoin due to its high transaction fee. If the transaction can be more lowered, then many more people will attract to use bitcoin.
yes, maybe if the transaction costs are reasonable because there is a reason that the transaction is expensive. Expensive transactions can be caused by the fact that Bitcoin is not yet legal / illegal or indeed has been stipulated and rules. I never complained about it and I considered it normal. 
to be able to find out the exact cause of the decline in bitcoin prices, of course no one will know for sure, and someone's panic caused by various negative news that leads to bitcoin in my opinion also affects the decline, especially for people who are new to bitcoin, and when they suddenly see a sudden drop in the price of bitcoin, and without them thinking long, they immediately sell the bitcoin they have without thinking about the losses they suffer, because what they are worried about is the greater the loss they will suffer.
One of the problem of the bitcoin is the high fees in every transaction, there are many people who are not satisfy on using bitcoin due to its high transaction fee. If the transaction can be more lowered, then many more people will attract to use bitcoin.
I think that the issue of stability will be resolved soon. Indeed, for the mass acceptance of bitcoin, it lacks stability in price. But it is too early to talk about its large-scale use. We're only going to that, we're just spreading the word about bitcoin. Because first you have to teach people how to use it.
Very many obstacles that occur in bitcoin (BTC) starting from market price fluctuations that are very fast and are considered dangerous for investment in bitcoin. so some countries forbid it.
the problem with bitcoin is very much but what really needs to be addressed is that security and market prices have dropped dramatically, we have to overcome if bitcoin is destroyed
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
The volatility of the bitcoin is one of the obstacle that bitcoin facing. People can use properly their bitcoin in their transaction because the price of the bitcoin is always changing due to its characteristics which is unstable price. 
- UI/UX/user-friendliness: Bitcoin might be easy enough to use for most of us here, but it's definitely not for non-tech savvy people(e.g. our grandparents). Especially with the handling of private keys; I don't think we can expect true global adoption if people needs to backup their recovery seed on pieces of paper.
maybe it is just me but i think this is no longer the case with bitcoin. it used to be a lot more complicated to use it before but nowadays there are just too many wallet alternatives and many of them are pretty easy to use specially the web accounts such as coinbase are very newbie friendly and they can even buy bitcoin through them.
It has definitely improved A LOT compared to how it used to in the past. But I personally think(and I'm pretty sure other people agree too), that the current state of bitcoin wallet's isn't enough for true global adoption. People forget their passwords all the time, what more their private keys? Using exchanges like Coinbase as a wallet is definitely not a good solution.
I believe using a web wallet is a bad practice for security. but it is really practical for some regular user to use cryptocurrency. Nevertheless, those UX design is yet still cannot reach for mass adoption. The whole UX design needs to be improved to make bitcoin ecosystem easier to use for the non-techy user.
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
Stable value isn't a must, if it has a variance but a big value at the same time it can work fine i mean if it's up and down between 100,000 and 200,000 dollars, then people can speculate and make a profit with trading, and other people can use it as a spendable coin.
I think the real obstacles are only two, first of them are gobs who want to add taxes to anything, and second is the banks who don't want to lose their power over money.
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
For me the popularity of the bitcoin is the main obstacle. The bitcoin is still not popular all over the world. In my community, there are only some people who are aware to what it is. The bitcoin will have more support from its community if its popularity is now high. the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
The instability of the price of Bitcoin is the main obstacle to its use in everyday life and widespread use throughout the world. Nevertheless, many people use it for trading and some popular companies are starting to accept them as payment for goods and services. 
On the top of my head, here's a few.
Misinformation/Misunderstandings are one of the obstacles of the bitcoin. Like in my country, if they hear bitcoin; they are always thinking that it is using in a bad way like crime and other illegal activities. The misinformation is keep spreading and it is the reason why the image of the bitcoin is becoming more worse. - Liquidity: As liquidity is low, big market orders are expected to significantly move the price of bitcoin or cryptocurrencies in general. This is something that will be "fixed" as more money goes into the bitcoin markets.
- UI/UX/user-friendliness: Bitcoin might be easy enough to use for most of us here, but it's definitely not for non-tech savvy people(e.g. our grandparents). Especially with the handling of private keys; I don't think we can expect true global adoption if people needs to backup their recovery seed on pieces of paper.
- Misinformation/Misunderstandings: There are so much misinformation spreading about bitcoin. Namely, "bitcoin is not scarce, people can create forks", "bitcoin is only used for drugs", and many more. There's so much misunderstandings of people in social media and on television; and what's worse, is that they're spreading their misinformation! Causing a sort of domino effect on people's impressions of bitcoin.
On the top of my head, here's a few.
Misinformation/Misunderstandings are one of the obstacles of the bitcoin. Like in my country, if they hear bitcoin; they are always thinking that it is using in a bad way like crime and other illegal activities. The misinformation is keep spreading and it is the reason why the image of the bitcoin is becoming more worse. - Liquidity: As liquidity is low, big market orders are expected to significantly move the price of bitcoin or cryptocurrencies in general. This is something that will be "fixed" as more money goes into the bitcoin markets.
- UI/UX/user-friendliness: Bitcoin might be easy enough to use for most of us here, but it's definitely not for non-tech savvy people(e.g. our grandparents). Especially with the handling of private keys; I don't think we can expect true global adoption if people needs to backup their recovery seed on pieces of paper.
- Misinformation/Misunderstandings: There are so much misinformation spreading about bitcoin. Namely, "bitcoin is not scarce, people can create forks", "bitcoin is only used for drugs", and many more. There's so much misunderstandings of people in social media and on television; and what's worse, is that they're spreading their misinformation! Causing a sort of domino effect on people's impressions of bitcoin.
the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.
Yeah I agree. People knows more about Bitcoin as an investment not as a new form of currency. People join the industry these days beacuse of profits they don't even tried to understand the true purpose of Bitcoin's existense as written on the whitepaper by the legendary founder Satoshi Nakamoto. Prices will be affected due to big players that manipulate the market against weaker hands with a mindset of only investments purposes.
I think it is the people who are not open to new possibilities like Bitcoin or the people who are afraid of trying out new things like Bitcoin.
I think it's the approval of the public. Most people aren't open to it. 
Crypto is a transaction bridge for every company that uses blockchain technology, certainly different from legitimate money in a country, and I think, this factor makes the price of Bitcoin and Altc always changing
In my opinion the obstacle of bitcoin is only one and the biggest, is legality, if bitcoin has got legality in all countries the price will be more stable, and the users will also be more comfortable and will not be affected by panic sell.
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