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 the main restriction on the use of bitcoin is the public. She is not ready to accept this new technology. Plus the state put a spoke in the wheel. For further introduction into public life, cryptocurrencies and their technology must go through many stages of development. No good technology is not implemented immediately. Look at the history of cars, phones, computers, etc. Will be 3-5 years and we will see the results of the implementation of cryptocurrency into public life. I think these results will be positive. 
Topic: What is the obstacle of Bitcoin？ - page 12. (Read 22448 times)
You are fairly right I must say, however, for it to have been named digital gold attracts people and that's the bane of it. That pure gold is used on a large scale isn't an obstacle for it even though it's virtually stable.
The top obstacle to Bitcoin being mainstream is mass adoption. Bitcoin now is mainly purchased off an exchange.
If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.
for employee salaries every hour I think this is impossible, bitcoin is not fiat that has a real physical form, but if bitcoin can be used as a reasonable shopping tool and can increase the price of bitcoin, bitcoin cannot be pegged to fiat prices, because bitcoin does not price rules of all countries If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.
Bitcoin constraints are enormous but I will mention few, one of the major one is Hacker louring into people's account, another is the Manipulation of the market which affects the market at large and the is FUD which also create large impact on it volatile movements
in my opinion the constraints of bitcoin are very much the main ones are rampant hackers and unstable prices. and there are obstacles from the government that are difficult to pass bitcoin as a currency.
One major obstacle to bitcoin is the inability for the governmnet to control it together with the brutal capitalist. So they are trying to see any way out to making money from it inform of tax. So what they can't control, they fight it in the name they are protecting the public against wrong finacial moves.
Maybe the close-minded people that aren't giving Bitcoin a chance to prove itself. 
In this case you could find two kind of people. On one hand, you have people that think that it's too much of hassle to understand how bitcoin works, the volatility, fluctuation, and also how to handle a bitcoin wallet, private keys, fees, etc, to them it's probably not worth the time to get into all that since fiat currency is way easier to use. On the other hand, you have the people who simply don't trust a decentralized system like bitcoin since people are used to having a central authority in control of their money, like the banking system.I think they'll change their minds once the adoption phase gets going, they'll be willing to try bitcoin if more merchants start accepting it as a form of payment, and as demand increases, the volatility will decrease, and as OP mentions, we could end up with a more stable price.
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.
Therefore since bitcoin is indeed a very unstable price and in my opinion it is impossible to keep it stable. Then we can't carry it on a large scale. But the funny thing is there are still industries that need this, in my opinion that's the reason why there are still many people interested in bitcoin at this time. This is no longer an obstacle, this is a lack of bitcoin
- 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.
IMO, it can stable only if all country start to implement and legalize crypto so the value can't change drastically.
Of course it's require some time to happen because crypto still new and there are still many flaw that need to be resolve because this is internet currency where anything can be hack if they want to !
Of course it's require some time to happen because crypto still new and there are still many flaw that need to be resolve because this is internet currency where anything can be hack if they want to !
Bitcoin constraints are enormous but I will mention few, one of the major one is Hacker louring into people's account, another is the Manipulation of the market which affects the market at large and the is FUD which also create large impact on it volatile movements
Bitcoin obstacles are more of human,the scam and the hackers especially, who has been trying to make life difficult for people who diligently worked for their reward.
Bitcoin would not be a problem of itself if people do not manipulate its specifics.
Another is about the government interference. Government trying to enforce tax on users.
Bitcoin would not be a problem of itself if people do not manipulate its specifics.
Another is about the government interference. Government trying to enforce tax on users.
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 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.
In my opinion I think the major obstacle we face in the space is the number of scam people have introduced into the ecosystem. During the early days, things were moving on fine until scammers thought about the malicious use of the technology and that led to people losing trust and then subsequently the bear market also came to being.
The only obstacle bitcoin has is HUMANS! If only we see the good in it and work towards utilizing the blockchain technology and stop the fud and pull it down struggle bitcoin will be superb.
- 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.
Bitcoin has a lot of trouble which prevents us from many ways like its level up or many types of manipulation.
https://www.perfactmedicalhealth.com/2018/07/types-for-usefull-tablets.html?m=1/
https://www.perfactmedicalhealth.com/2018/07/types-for-usefull-tablets.html?m=1/
The major obstacles bitcoin is facing now are low adoption, government trying to interfere, whales manipulation anr price instability
The main problem that bitcoin is facing right now, is the huge manipulation that can be done by just a little group of people. I mean, someone with a few million dollars can easily move the market upsides or downsides.
It is easier to manipulate than the other markets (like the stock market, commodities, or any other thing)
It is easier to manipulate than the other markets (like the stock market, commodities, or any other thing)
The top obstacle to Bitcoin being mainstream is mass adoption. Bitcoin now is mainly purchased off an exchange.
If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.
If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.
With or without an exchange, actually we can pay someone's salary using bitcoin, even though the rate changes, if the policy you take is an instant buy and use bitcoin only for media transfers, it's safe
Employees can get bitcoin, and sell it directly to FIAT, it is very unlikely, but surely there is a service that allows this to happen
Its kind of true bitcoin need to be more stable if it wants to be used in a large scale, but somehow 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
Jump to: