Topic: What is the obstacle of Bitcoin？ - page 6. (Read 22448 times)
The only real obstacle for btc is market cycles. The history almost repeats. A little longer time needed to enter the next bull run.
You cannot predict the price of Bitcoin. Here many factors play their part.
If we try to think about why bitcoin is not rising now - probably because it takes some time for the price to stabilize at this point and only then go up (or down).
If we try to think about why bitcoin is not rising now - probably because it takes some time for the price to stabilize at this point and only then go up (or down).
This is an very easy question to answer, price prediction
When to buy, sell and just hold
Any other obstacles, leave it up to the devs
When to buy, sell and just hold
Any other obstacles, leave it up to the devs
This is just one of the factors why bitcoin is not yet implemented as a full-fledged currency on a global scale. Of great importance is the level of people's trust in the cryptocurrency, and skepticism on the part of the government to it and the imperfection of the technology itself today. But bitcoin is developing, which means it can be implemented as intended.
The main bitcoin obstacle is the wrong understanding of bitcoin, where bitcoin is considered money laundering or terrorist funding. Besides that the price is also not stable. It is necessary to educate the public that bitcoin is digital money that is very supportive of the future, because the progress of the age of all uses digital technology.
Besides that there are still countries that don't accept bitcoin for payment. All takes time, because bitcoin will sooner or later be used throughout the world.
It's biggest obstacle imo is the government. People will probably believe what the government say so if it deemed crypto to be a bad thing, people will assume it as such without actually verifying the information.
I agree that the scalability of Cryptocurrency is an obstacle to the wide. Adoption rate of bitcoin but that's not the major obstacle as the volatility is one core feature of Cryptocurrency so I do not think that it would ever change so to say.
The price of bitcoin can never be stable like that of fiat as it would defeat the purpose of it's creation .
The price of bitcoin can never be stable like that of fiat as it would defeat the purpose of it's creation .
I think it's miss-information !! people only hear what's been going on with bitcoin. they for their own opinions based on tabloid information, so soon enough bitcoin gets a bad rep. With the right information and explanation of the the current situation - the problem would be some what solved.
This is just one of the factors why bitcoin is not yet implemented as a full-fledged currency on a global scale. Of great importance is the level of people's trust in the cryptocurrency, and skepticism on the part of the government to it and the imperfection of the technology itself today. But bitcoin is developing, which means it can be implemented as intended.
I can't argue with that because government are very slow on adopting modern technologies like Bitcoin and sometimes the news came from the government make other potential investor or users to doubt in cryptocurrency so I think that government is one of the big obstacle.
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.
One obstacles of bitcoin is not accepted in some country it can't be legality they can't recognize and the value is unstable that's why many investor's think twice before they join. If cryptocurrency give them chance to prove themselves I think the value of it, it become more progressive and many investor's will comfortable to join and less panic to sell there coins. 
This is just one of the factors why bitcoin is not yet implemented as a full-fledged currency on a global scale. Of great importance is the level of people's trust in the cryptocurrency, and skepticism on the part of the government to it and the imperfection of the technology itself today. But bitcoin is developing, which means it can be implemented as intended.
This is not the main reason why bitcoin is not accepted by society. The main problem in the government's attitude to cryptocurrency. It really creates a big obstacle for its full development.
But I don't think that's the main obstacle. In addition, bitcoin will not be volatile all the time. This is only a kind of side effect of its development.
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.
I think your suggestion on what is an obstacle to bitcoin is very false.
In fact it's quite a positive attribute that bitcoin is have good interest from investors this would help in the growth and spread of bitcoin
In fact it's quite a positive attribute that bitcoin is have good interest from investors this would help in the growth and spread of bitcoin
The crypto currency market is still developing. There are still no regulators to reduce market manipulation.
But let's not forget that Bitcoin was not created at all in order to be stable. Bitcoin was supposed to be an alternative to our current financial system. And this doesn't mean that its price should be stable.
But let's not forget that Bitcoin was not created at all in order to be stable. Bitcoin was supposed to be an alternative to our current financial system. And this doesn't mean that its price should be stable.
One obstacle is that it requires internet, Hopefully BIP-174 will solve this. Next would be the smartphone/pc requirement, but as they get cheaper and cheaper, that might solve itself in time.
Perhaps someone will design some sort of dedicated "smart" wallet based on a raspi or something similar very cheap for poor countries. You don't need anything to receive bitcoins, but you need "something" (that can browse the blockchain) to confirm you got them, and to send them.
Perhaps someone will design some sort of dedicated "smart" wallet based on a raspi or something similar very cheap for poor countries. You don't need anything to receive bitcoins, but you need "something" (that can browse the blockchain) to confirm you got them, and to send them.
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.
According to my observation, the main obstacle of bitcoin that I found out is the misinformation. I observed that people in my community are laughing if they heard about bitcoin because they think it is a scam. If the bitcoin can overcome this obstacle, I am sure that many mlre people will become interested to buy it and use it.
The market is moving in cycles. We have seen Bitcoin being corrected so many times and every time it got back up stronger than ever to a new ATH. The blockchain and technologies associated with cryptocurrencies are used more and more by businesses and individuals. There is no doubt that cryptos are gaining momentum, but still the market stay pretty quiet and low. Personally I see this as a fundamental bullish divergence.
there are many obstacle for bitcoin, the effeiecent of bitcoin, the user furendly application, the security and the legalize of bitcoin, we should solve that problem one by one, so if you ask about the success of bitcoin in the future? it will be no ETA times
One of the obstacles Bitcoin faces is its increased volatility, but that's also the pleasure of investing. I think that if it solves a little with the volatility of the coin, many companies would choose to pay the salaries of the employees in Bitcoin. But Bitcoin also has advantages, the most important being the low cost of trading and the fact that he is the king of cryptocurrency.
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