One obstacle are the newbies that thinks that bitcoin is a real quick rich scheme investment. We can't prevent these people to keep on thinking that bitcoin is working that way.
And on top of that, those promoters that are into scams that leads newbies to the wrong way.
Topic: What is the obstacle of Bitcoin？ - page 9. (Read 22463 times)
I think the energy consumption to mine Bitcoin is the biggest obstacle in this 21st Century. We are running into a world the excess energy consumption materials will be hated. So the very long term success of Bitcoin , this should be solved.
How can the long term of mining of Bitcoin be better? Do you even know that the longer the Bitcoin is being mined the more harder it gets? And while the mining gets harder, the more energy is needed and that will be bad for that. If solar panels are just the one being used by miners, there will be no problem. For me the obstacle of Bitcoin this year is the fees and the few acceptance at platforms.
High Volatility in bitcoin can be considered as an obstacle for its growth in the financial sector because major companies hesitate to combine there businesses and allow customers to use it as a major means of payment specially during online transactions but we should understand bitcoins volatility is a significant reason why majority of investors and traders have chosen to invest in it because the profit margin is much higher than any other investment asset so there are both pros and cons that we should consider when discussing its value stability
There are plenty of obstacles. Development of technology is still not mature enough. So-called decentralization is way off, especially in actual world. Government's prohibition. People have no enough confidence in it. So many.
Nothing was wrong in all of our opinion. If we want to support bitcoin we need to used bitcoin in daily life as a real fiat money. That way bitcoin can be more stable being used in daily life. The biggest obstacle for me is ourselve. How we want to support bitcoin so it can be more grow up.
I think the energy consumption to mine Bitcoin is the biggest obstacle in this 21st Century. We are running into a world the excess energy consumption materials will be hated. So the very long term success of Bitcoin , this should be solved.
In my opinion the obstacle of bitcoin is the government that has not been able to accept bitcoin and the price of bitcoin which often goes up and down, so that bitcoin users become worried about the future of the bitcoin.
Well the point is indeed one of the things that's easily influenced by various things including anything that's done by many people to bitcoin, especially in terms of investing and not to be used in everyday life in general because it's not really legal as a whole.
The constant problem of bitcoin small/independent investors is the volatile system. As far as I know it is always possible to earn big and at the same time to lose. It is necessary to play the game with proper strategy and enough patient to handle trading or investment. Sometimes the obstacles are also the opportunity to gain something from within.
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 obstacle of bitcoin is when the price of it is going down that is the big obstacle of it no more. legendary
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I think one obstacle of Bitcoin is its complexity. If you will try to understand everything about Bitcoin, you will see that it is very complex that it is hard for an average person to understand it, how it works etc. Because of this, people don't want to put their money into something they can't understand or know. Because of this, people tend to misunderstood Bitcoin.
Being complex of Bitcoin probably affects the adoption of it. How can people use a currency that they can't understand how it works. I think this is one of the obstacle of Bitcoin.
Being complex of Bitcoin probably affects the adoption of it. How can people use a currency that they can't understand how it works. I think this is one of the obstacle of Bitcoin.
This is why bitcoin is used together with altcoins. Tether was the first one to show the value of stable coins but now there are many jumping on the bandwagon e.g. USDT and the gemini variant. These will help bitcoin to prosper if you trade it properly
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 think its hard to make bitcoin price stable because its depend on market. With limited and fixed total supply, people must be want having a coin and its make the price always fluctuating. I think bitcoin obstacle right now is on government regulation, many government in the world still not accepting bitcoin and prohibit it
In my opinion, the obstacle of bitcoin is that there are some governments that disagree and cannot accept bitcoin for fear that the country's economy will have problems. Bitcoin prices are also up and down which makes users feel worried.
You cannot change the government's view about bitcoin because they are referring on their existing law. But, we should not allow it to be an obstacle because with the increasing adoption and the support of the believers, the power of the government will decrease, they will eventually make a law which are pro crypto.
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 obstacle of bitcoin is the one who prevent bitcoin and cryptocurrency to be used as a currency in real world.
They are scammers, fraudsters, or maybe some governments that prohibiting their peoples to using crypto.
Volatility of bitcoin and cryptocurrency is one of obstacles, but not the main obstacle.
I think they arent obstacle because its normal even on other things , there will always be haters and criminals or thefts . volatility for bitcoin isnt also an obstacle but its a feature that gives us advantage to earn huge profits .
The word obstacle isnt real on my opinion but if other people thinks that obstacles are real , they should not worry at all because obstacles can make them stronger . in order to achieve the success in life , one must face alot of obstacles and he/she must not give up if he/she really want to pursue his dreams
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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 obstacle of bitcoin is the one who prevent bitcoin and cryptocurrency to be used as a currency in real world.
They are scammers, fraudsters, or maybe some governments that prohibiting their peoples to using crypto.
Volatility of bitcoin and cryptocurrency is one of obstacles, but not the main obstacle.
In my opinion, the obstacle of bitcoin is that there are some governments that disagree and cannot accept bitcoin for fear that the country's economy will have problems. Bitcoin prices are also up and down which makes users feel worried.
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.
The obstacles of bitcoin which i saw this year 2018 is the influence of political views of different countries,
the laws the passed and implemented, the demands of the public and the technology as well which not all countries afford that privilege.
the laws the passed and implemented, the demands of the public and the technology as well which not all countries afford that privilege.
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