What is the obstacle of Bitcoin？ - page 11.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: abhi777 on December 27, 2018, 08:22:49 AM

I think the obstacle of bitcoin is very much the main thing is that market prices that rise and fall rapidly are very disappointing obstacles. and as for hackers who are getting smarter in a way that can break into our account to get profits easily

How does volatility becomes an obstacle, when its the main reason why majority of investors engaged in crypto space? And hackers cant easily access our wallets unless if you leaked your essenstial infos over the internet or if you create a wallet in an untrusted exchange, or downloaded something that could expose your private keys.

ngusmin

copper member

Activity: 497

Merit: 0

Bitcoin barriers are greedy human nature, and from greed that makes mass adoption and when there is growth they will sell in large scale to earn profits, and that makes the price of bitcoin very volatile.

abhi777

full member

Activity: 457

Merit: 100

I think the obstacle of bitcoin is very much the main thing is that market prices that rise and fall rapidly are very disappointing obstacles. and as for hackers who are getting smarter in a way that can break into our account to get profits easily

Shiversnow

full member

Activity: 688

Merit: 106

Quote from: vedderpeterson on December 25, 2018, 02:07:31 AM

I think the very main obstacle Bitcoin is facing is the fact that the public isn't recognizing it.

There is no problem about publicity of bitcoin simply because many people already know what bitcoin is. I think the real obstacle of bitcoin is the unstable price on market and the government who still against cryptocurrencies.

coin8coin8

member

Activity: 168

Merit: 47

False Moon

I think Bitcoin is the biggest obstacle to novices. It is hindering the further popularity of Bitcoin. Many newcomers feel very tricky when they first start to contact Bitcoin. They don't even know how to receive and send Bitcoin. And now many exchanges do not have the cash to buy Bitcoin directly, which will make it difficult for novices to buy bitcoin.

treatWy

jr. member

Activity: 308

Merit: 5

For me the great obstacles of bitcoin are the following
Scammers
Fake news
Unstable system
And decentralized

Don't get me wrong about decentralized because sometimes I think of what bitcoin strength is also its weakness in some parts.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: Xardasim on December 26, 2018, 07:21:13 AM

There are always obstacles that against the Bitcoin and it will always be. So tomorrow when Bitcoin will 100k and if falls to 99k, you will think there is a problem again, which obstacle for BTC. Anyway decrease should have been and the current price is our joint decide so we can not blame anybody or anything.

That's right, bitcoin is not the only cryptocurrency, bitcoin is not the only commodity, bitcoin is not the only currency, there are many competitors outside. of course from that we know that obstacles will always be there, they will say prices fall and will die, they will say bitcoin is illegal and so on. we have to understand this as normal thing..

geyayy

full member

Activity: 588

Merit: 100

Quote from: Xardasim on December 26, 2018, 07:21:13 AM

There are always obstacles that against the Bitcoin and it will always be. So tomorrow when Bitcoin will 100k and if falls to 99k, you will think there is a problem again, which obstacle for BTC. Anyway decrease should have been and the current price is our joint decide so we can not blame anybody or anything.

How reactive the people are, they just thinking for a short period of time then coming up with a conclusion. Specially to those who are new here and want an easy money. They simply invest and believe without knowing what it is hoping that the invested money will grew for just a short period of time. This kind of doings make the whole cryptocommunity bad in front of government which leads to ban and a hindrance to a mass adoption.

Crafts12

full member

Activity: 405

Merit: 105

Quote from: Clearstream on December 24, 2018, 11:19:32 PM

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.

My point of view for that topic which is the obstacle of bitcoin is that the main challenge of it is the mass adoptation. There are still a massive number of people who aren't recognizing the bitcoin which is a cryptocurrency. It is still not being adopted by many and just neglecting its existence. Although there are a lot of obstacle bitcoin may face, this one should be the heaviest among them.

Xardasim

sr. member

Activity: 1624

Merit: 250

There are always obstacles that against the Bitcoin and it will always be. So tomorrow when Bitcoin will 100k and if falls to 99k, you will think there is a problem again, which obstacle for BTC. Anyway decrease should have been and the current price is our joint decide so we can not blame anybody or anything.

Frederick16

newbie

Activity: 1

Merit: 0

Most of them in the world are not aware of what is bitcoin. it's usages. http://eminentengineers.com/chemical-plant-equipment-manufacturers

kalstarzz

full member

Activity: 770

Merit: 100

in my opinion the obstacle of bitcoin is only one, namely a legality, if the legality has been bitcoin get maybe the price will be more stable. because there will be no people selling bitcoin with panic.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

Quote from: BrewMaster on December 25, 2018, 09:29:33 AM

there are two obstacles that comes to mind.
the volatility which has been a nuisense for a long time now and it is the most harmful one in my opinion specially when it is an unpredictable volatility looking more like manipulation.
the other is all the FUD about bitcoin in the media. the first obvious damage is misleading people but the secondary damage is when this misled people do irrational things such as investing in bitcoin when it is too late because they feel cheated and missed out the rise. they become the weak hands.

The market is crazy and unpredictable, with high market volatility create unpresendented uneasyness to crypto investors. In some reacts with Panic dumping as the market goes up and down until this period. With the only few days left with 2018 the positive rebound on the market as everyone are expecting yet to be realized. And this are just some obstacle in crypto market. Good luck.

cetald

member

Activity: 434

Merit: 10

Quote from: Clearstream on December 24, 2018, 11:19:32 PM

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.

I believe that at the moment the market can not be stable. Due to the lack of regulation, there are a lot of speculators on the market who can pump and dump cryptocurrency.

speeder

hero member

Activity: 966

Merit: 501

PredX - AI-Powered Prediction Market

Well yes, an important obstacle of Bitcoin is its instability, but people still are joining this market.I think that BTC has different benefits that people prefer, like working from home and working for yourself , but this cryptoworld isn't just about this.You have to take some critical risks and that's because of the volatility and instability of BTC and other Altcoins, so yes we can somehow say these are obstacles for BTC to grow up.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: Clearstream on December 24, 2018, 11:19:32 PM

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.

Maybe the obstacle is a way to attract many people to know bitcoin, without any profit being made, I don't believe bitcoin will become popular as it is now. This popularity will make some people persuade each party that can manage and use bitcoin so as can be well received by everyone. This is a process and maybe every regulator will believe in bitcoin, and assume that bitcoin is worth using widely.

Hasansat

copper member

Activity: 295

Merit: 1

There are many obstacles for Bitcoin, for example, it still does not have the legitimacy in all the countries of the world, I also think that its price is a destabilization and a barrier. I also think that Bitcoin will one day reach its desired destination,over all the obstacles.

jeremyscott

newbie

Activity: 54

Merit: 0

not everyone understands it. some think they do but really don't.

cybernetik7

sr. member

Activity: 560

Merit: 250

Since BTC is a decentralized currency, it is open to manipulations and there is no authority to punish them or prevent BTC from speculators. While the community wait for professional investors and institutions, fluctuations caused by manipulators mop up the trust to BTC and more gamblers break into the market.

ralle14

legendary

Activity: 3346

Merit: 1914

Shuffle.com

Quote from: Indrawan77 on December 25, 2018, 04:46:46 AM

I think with the mass adoption the price could be more stable, when we able to balance the supply and demand volume then the price will be more stable, but I think the largest obstacle is the permit, regulation from the government from all countries, if they can allowed the usage of bitcoin then I think bitcoin can grow really well

The amount of buy and sell orders from hundreds of Bitcoin exchanges will never be balance the price will always move one way or another. Regulating Bitcoin from all countries is impossible when there are countries that doesn't want to be involved with cryptocurrencies. The biggest obstacle here is the price rather than the regulation because once you're in you can't avoid the risk no matter what happens and that discourages others from trying out Bitcoin.

Topic: What is the obstacle of Bitcoin？ - page 11. (Read 22438 times)