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 adoption is one of the problem of the bitcoins. Many people are still not aware to what is bitcoin and it is the reason why they are still not adopting it. If we keep our spreading our knowledge to other people. I am sure that the people will become interested to patronize it. 
Topic: What is the obstacle of Bitcoin？ - page 4. (Read 22438 times)
in my opinion the common obstacles in bitcoin are security issues and self-confidence in crypto currencies that are a problem in bitcoin
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)
I think you are absolutely right that manipulation is common, and a huge problem. But I think with Bitcoin it takes huge sums, and coordinated efforts from teams of very knowledgeable people. But the smaller coins, even ETH, are very vulnerable. I read that for $4000 an hour you can harness enough energy to dominate ETH (51%)
If we really want to replace FIAT, we need more BTC real usage and adoption, education it’s probably one of the fundamentals, as if people don’t understand the value, how can they even star to use it?
There’s still a lot of work to be done, we’re at the very beginning, we have to work united to overcome all the obstacles
There’s still a lot of work to be done, we’re at the very beginning, we have to work united to overcome all the obstacles
Main obstacle of Bitcoin I see is the energy consumption of it in the process of mining. This amount of electricity is almost unbearable in the 21st century where we live. But Alts have very addressed this case very efficiently.
I think the very main obstacle Bitcoin is facing is the fact that the public isn't recognizing it.
I think it would be very true if we say bitcoin's main obstacle is nonrecognition of some part of the public because as we know even bitcoin got so many threats from many significant sources still it has survive remarkably and that is due to the continuation of endless potential investors and holders because there is a considerable percentage that see the potential of bitcoin but we can expect this to change in the future do to modernization of everything and increase demand of digital currencies in both technical and financial fields
the only obstacle is - stupid and greedy people, sorry to say. these people are pushing BTC to become an investment which BTC is not, and BTC is actually a currency.
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 very obstacle of the bitcoin is the fact that most in the government and banks hate bitcoin for a reason that bitcoin avoids graft and corruption among people in a certain area. Theyre trying to get rid of the bitcoin so that they will still continue to control the flow of the people and its need.
Bitcoin is innovative and a revolutionary way of payment especially across borders. However, there are still many people around the globe with limited or no internet accessibility which makes it very difficult for them to patronize Bitcoin. Other shortcomings like the high transaction fees and slow transaction speed are being worked on with the initiation of the Lighting Network.
Users that are doing fraud may be consider as obstacle in bitcoin. Because of the likes of this people investors may not going to feel comfort in doing transactions with the mindset that the possible scam or any fraud activities will going to happen. This is why a law is need for this people so that this kind of activities will be minimized.
I think the obstacle of bitcoin is all the forks going on such as BitcoinSV and BCH. This is confusing new investors that go to Bitcoin.com to buy bitcoin when in reality its BCH they are purchasing. Also the ICO phase that happened during 2017-2018 (and still ongoing) really damaged the cryptocurrency image. Many turned out scams and lots big money. On top of this Social influencers in Youtube, Twitter, Reddit and other social medias need to give positive news. Right now the majority are all negative and this does have an impact.
Bitcoin cannot move from this mark for many reasons. I think a large role in this is played by various state regulatory institutions. In addition, not enough demand. If the demand for some reason increases dramatically, then the price will increase too. This, in my opinion, is the main reasons for ending bitcoin growth at the moment.
the obstacle of bitcoin at the moment is the problem of how to stop hackers and the falling market prices, how to restore bitcoin like it used to
what do you think was bitcoin before ? High price and cant be hacked ? No . bitcoin before was the same as bitcoin today . the price maybe lower than the past years but that is normal because bitcoin is unstable and even before bitcoin first came out , the value started too low .
Bitcoin cant also be hack . what can be hack is the wallets/accounts/exchanges because they store the cash of users but thats normal because even on other sites there are also hacking incidents .
Price volatility is also normal because this is the true nature of cryptos including bitcoin . thats why we cannot call them obstacle .
I think the main obstacle of bitcoin is acceptance in the government, that they allow bitcoin to operate in all countries, specially in developing ones.
the obstacle of bitcoin at the moment is the problem of how to stop hackers and the falling market prices, how to restore bitcoin like it used to
what do you think was bitcoin before ? High price and cant be hacked ? No . bitcoin before was the same as bitcoin today . the price maybe lower than the past years but that is normal because bitcoin is unstable and even before bitcoin first came out , the value started too low .
Bitcoin cant also be hack . what can be hack is the wallets/accounts/exchanges because they store the cash of users but thats normal because even on other sites there are also hacking incidents .
Price volatility is also normal because this is the true nature of cryptos including bitcoin . thats why we cannot call them obstacle .
As they said that information is power, i think one of the major problem as obstacle of bitcoin is wrong information. There has been wrong information about bitcoin since it onset and mostly after the bull run in 2017 which left many investors with looses even uptil now, those investors have wrong information concerning bitcoin when it come to price stability. Let us be positive and this will be solve.
Information can make many investors frightened if the information is bad and negative. the result is that many invetsors will panic? but of course information depends on the object right? if the object is like a ban it will certainly give a obstacle to bitcoin
Of course, the desire to make money on Bitcoin has a strong influence on its price. And the lack of appropriate regulatory laws allows major players to manipulate price with impunity.
But with all this, it's hard for me to blame people for this. Money is the source of modern life. Each of us has to pay for almost everything, and it makes people look for ways to make money.
So it is time to introduce regulatory laws into the world of crypto currencies, only in this way can prices be made more stable, which will help the mass adoption of crypto currencies.
But with all this, it's hard for me to blame people for this. Money is the source of modern life. Each of us has to pay for almost everything, and it makes people look for ways to make money.
So it is time to introduce regulatory laws into the world of crypto currencies, only in this way can prices be made more stable, which will help the mass adoption of crypto currencies.
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.
It is an obstacle if you let it become one, there are many people that have been here for a long time and they do not really care at all about the fiat price of bitcoin, and people will have learn to think in that way as well, you need to stop caring so much about the price of bitcoin in fiat and just concentrate on using your bitcoin whenever is convenient for you just like you would use your fiat.
The biggest problem with cryptocurrencies as payment systems is and will be volatility. To be secure and widely acceptable as payment method it needs to create security for the businesses first
Bitcoin will always recover. Even if drops with 50% .Traders are still using it to get rich and theyll take advantage and buy . Volatility doesn't mean that bitcoin can go down to $50
) Bitcoin will never go lower than $2000 ( which might be its real price) as long as it is an alternate payment method in real life first, then on internet.
Bitcoin will always recover. Even if drops with 50% .Traders are still using it to get rich and theyll take advantage and buy . Volatility doesn't mean that bitcoin can go down to $50
) Bitcoin will never go lower than $2000 ( which might be its real price) as long as it is an alternate payment method in real life first, then on internet.
for me, are the following:
-scaling: right now it cannot replace our old transactions technologies, like Visa and Mastercard, it’s used mostly as digital gold alternative and not for day to day transaction
-adoption: connected to the first problem, not many people understand the incredible leap forward in terms of transparency compared to traditional solutions and so adoption is still very behind
-scaling: right now it cannot replace our old transactions technologies, like Visa and Mastercard, it’s used mostly as digital gold alternative and not for day to day transaction
-adoption: connected to the first problem, not many people understand the incredible leap forward in terms of transparency compared to traditional solutions and so adoption is still very behind
The major obstacle of bitcoin is it's price volatility ...which has made it extremely discouraging as an investment by potential investors and this has hampered it's growth in terms of general acceptability in recent times.
The volatility has made it not to be suitable as a payment medium for the exchange of goods and services as well.
The volatility has made it not to be suitable as a payment medium for the exchange of goods and services as well.
Jump to: