Topic: What will Bitcoin's main challenges be for January? (Read 405 times)
Biggest challege of bitcoins is right the moment of time that it reches its lowest price that actually many investors or users doubt the capability of bitcoins.but for me it is a challenge only that we should bear and we a practice that we should keep on holding our btc and the pay off will soon to come.
The main challenge will be, I think, not crashing further because of various banning and regulatory news. Whether it will overcome that challenge remains to be seen.
Now main challenge is stabilization of price 
Main challenge is regulatory and banning news
I think bitcoin's main challenge for this month is getting itself shake to get the rust which prevented its market price to rise. Bitcoin is constantly in an up and down motion as what can be seen on the graph. I think that's also the main challenge other people wanted bitcoin to surpass one of these days.
I think our main goal should be to get SegWit fully implemented, early in 2018 and to make sure that the path is smooth for the implementation of the Lightning Network, when it is 100% tested and secure. The scaling of Bitcoin must be our main concern now, because this is driving adoption away from Bitcoin to the competitor coins.
Many first time users are turning their back on Bitcoin, because they had a bad first experience with scaling problems and high fees. ^grrrrrrr^
Many first time users are turning their back on Bitcoin, because they had a bad first experience with scaling problems and high fees. ^grrrrrrr^
It's very early to predict January. We are going to give them long to see how the coin breaks this year. It will be very surprising but we must study it
We will see a stable 25k the 1st quarter of 2018 I think. Looking historically back at the past performance I think it's safe to say. I mean it is either that or it breaks my expectations and hits over 25k$ that's one thing I like about bitcoin. It's value is a mystery.
The main challenge, and therefore biggest goal for Bitcoin in 2018 should be: Adoption, Adoption, Adoption.
How do we do that?
We hope for a stable price. We don't need giant gains (although hitting $25k would be cool), we just need to stay steady. Why? To prove that this isn't some bubble to be popped and forgotten.
We, as in all of us that believe in this project, need to start talking to more people about it. It's easy to talk to merchants about it. When you buy something, ask "do you accept Bitcoin?"...and if they say yes, be ready to pay in Bitcoin! That way you don't annoy your friends and family with the same talk AND incite interest among the people who have a broader connection to people in your community.
How do we do that?
We hope for a stable price. We don't need giant gains (although hitting $25k would be cool), we just need to stay steady. Why? To prove that this isn't some bubble to be popped and forgotten.
We, as in all of us that believe in this project, need to start talking to more people about it. It's easy to talk to merchants about it. When you buy something, ask "do you accept Bitcoin?"...and if they say yes, be ready to pay in Bitcoin! That way you don't annoy your friends and family with the same talk AND incite interest among the people who have a broader connection to people in your community.
Adoption? not so fast! We all knew that the main cause of all networks congestion is adoption, so let's take easy on that thing. For me, bitcoin's biggest challenge this year 2108 is it's adoption to mass adoption. People won't accept bitcoin if transactions takes an hour or even a day sometimes. And that should be done first in able for bitcoin to be adopted by masses.
The main problems of bitcoin for elimination in January, and if they will not be eliminated - then for the whole year, are generally known: sluggish bitcoins, low throughput of its transactions, relatively large amounts of fees for transactions. The way out of this may be different - the introduction of a network of lightning, the introduction of SegWit. This is the work of the bitcoin development team, which, to my surprise, have been passive for too long. If these problems are solved, there will be no barriers to bitcoin to develop and grow further in price.
We've had a lot of things happen in 2017, and now that it's 2018.. What will the main challenges be for January? And for the whole year be? Will we meet a goal like $25K, or will we have multiple forks this year again to crush the qualms?
I don't think bitcoin will continue to rise if there are no big powers to limit bitcoin or Wall Street's influence on bitcoin. We've had a lot of things happen in 2017, and now that it's 2018.. What will the main challenges be for January? And for the whole year be? Will we meet a goal like $25K, or will we have multiple forks this year again to crush the qualms?
The continued rise of altcoin will have some impact on bitcoin, but policy is the biggest factor affecting cryptocurrencies.
The challenges of bitcoin this january are mostly some banks warned about bitcoin investment. As what banko sentral ng pilipinas said, that when we invest bitcoin, it results to possible losses. It is because, bitcoin price is so risky or rise and fall.
But for me as a bitcoiner, it is normally happened that price of bitcoin will rise and fall, even the price of bitcoin unstable but i still benifited from bitcoin by joining campaign.
But for me as a bitcoiner, it is normally happened that price of bitcoin will rise and fall, even the price of bitcoin unstable but i still benifited from bitcoin by joining campaign.
We've had a lot of things happen in 2017, and now that it's 2018.. What will the main challenges be for January? And for the whole year be? Will we meet a goal like $25K, or will we have multiple forks this year again to crush the qualms?
I think we still have a big problem in transaction fees because when we want to send some amount, the fees are too high and some of us cannot accept this. maybe the fees can reduce a little but I think if we want to make sure the network is work properly then we need to pay some fees to give support the network. but I am sure that in the future, there will be another solution for this so we can send the amount with a good fee. for the fork, I think we can see much of hardfork that will happen in this year and I think we can get another free "bitcoin" like before and I think we can prepare for this so we can get free coin again.
there are always lots of challenges ahead of bitcoin. but since you are focusing on the price so i will tell you the main price-related-challenge!
it is the weak hands that keep coming in bitcoin. whenever bitcoin price rises, which has been every single months lately, people see it as a good investment and mostly as a "get rich quick" thing. and so many of them are idiots with money at hand who want to become rich just because they bought bitcoin at some arbitrary price and whenever there is the smallest FUD saying the words "bubble", "Fraud", "crash",... they start thinking all their dreams are shattered and start dumping causing havoc on the market where only whales benefit.
it is the weak hands that keep coming in bitcoin. whenever bitcoin price rises, which has been every single months lately, people see it as a good investment and mostly as a "get rich quick" thing. and so many of them are idiots with money at hand who want to become rich just because they bought bitcoin at some arbitrary price and whenever there is the smallest FUD saying the words "bubble", "Fraud", "crash",... they start thinking all their dreams are shattered and start dumping causing havoc on the market where only whales benefit.
We've had a lot of things happen in 2017, and now that it's 2018.. What will the main challenges be for January? And for the whole year be?
With the high price increase that bitcoin has, bitcoin call attention to many governments
Wall Street Buzz: Merrill Lynch Bans Bitcoin For Its Clients
Egypt's Top Cleric Declares Bitcoin Trading 'Unlawful'
South Korea Law Firm Fights New ‘Unconstitutional’ Crypto Trading Regulations
Will we meet a goal like $25K
We will probably exceed this price
or will we have multiple forks this year again to crush the qualms?
People are losing interest in these hard forks because they do not bring anything useful. Bitcoin Cash (although I do not like Bcash) was the one that attracted the most attention, but Bitcoin Gold and Bitcoin Diamond were a joke, not to mention the other hard forks
I think we are experiencing the challenge in bitcoin right now, we felt the high price and slow transaction process. Investors are little afraid about this situation and it may affect the bitcoins economy.
I think in 2018 we will get many advantages to invest in bitcoin from rising prices that will soar in 2018 as the increase in 2017 is experiencing a multiply increase, be patient to face the bitcoin price increase in 2018.
We've had a lot of things happen in 2017, and now that it's 2018.. What will the main challenges be for January? And for the whole year be? Will we meet a goal like $25K, or will we have multiple forks this year again to crush the qualms?
At the last days of December 2017, we experience continuous deflation of value of bitcoin. The said deflation of bitcoin value might associated with the holiday season. Unfortunately, many investors who bought bitcoins while its value increases above $17,000 experience a great lost. This deflation of value might give impact on the first quarter of 2018. Those people who experienced great lost might loose hope and confidence in bitcoin and winning back their trust is a challenge. The good thing about this is during the first week of January, the bitcoin value start to recover. Will we meet the goal of $25,000? Of course it is possible. If we trace the bitcoin milestone last year, the value between the first quarter compared to the bitcoin value on its last quarter shows a great difference. The value increases for about 700%. If the bitcoin community will grow this year (2018), it is also possible to increase its value 700%. Meaning, it will hit even more than $25,000.00
Scaling, Transaction fees. One of their Main challenges for 2018 would be giving out solutions to the current and existing problems that the Bitcoin Community faces. If they will not give enough solutions or fork updates on how to handle these problems, some-just a guess of course- , Some might jump to another crypto which gives a better user experience than Bitcoin, but let's have faith and trust to the Bitcoin Developers, they will not let this happen and they will surely give solutions to these problems.
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