Bitcoin Forum

From a technical point of view.

the crew that controls core that are keeping it slow and expensive to use

they have killed it really

The biggest one is that a lot of people started to take BTC as store of value , It is not bad thing but at the same time very risky , Soon people will start move to other coins to transfer small transaction . It is already happening most my friends going for zcash and ether  to cut the fee down .

Coins being bought and taken out of circulation by the central bankers.

The big blockers, trying to take the power of full validating nodes from users and putting it into the hands of government-controlled corporations, so they can control both the mining and the validation of transactions.

Bitcoin can never work with big blocks, it opens a can of worms you don't want to open. Peter R and Andrew Stone, Craig Wright and Roger Ver... all scammers.

Core added segwit, which you can ignore if you don't like, but you can't ignore big blocks. Good luck with that.

Big guys giving up on bitcoin. That’s the biggest risk

I don't think banks buy bitcoins. They need very large money to do this and they also cause the bitcoin price to be higher.
They also know that Bitcoin is not the only cryptocurrecy.

Futures are now proving to be a nightmare for Bitcoins (maybe) and that they might even take it to worst than expected.
15k was the least we expected to see this year alone, but the levels broke down to even 13500 and 11500 levels which amplified the whole correction and it slipped down further. Still, we can call it a "crash" only if we take that "20x" into consideration that it started to rise from - $1000. And if we see it falling from $20k to $11k, it isn't a crash but "correction" that corrected it almost 50% but in less time. This is how it's all about, everyone here has a different viewpoint and so, some panicked while some survived this.

Too many stuck transactions will cause the network to be really slow. That would lead to less people wanting to use Bitcoin.

Obviously that the most critical thing that bitcoin has at the moment are the fees, they are outrageous at the moment.
Only those who are paying more than $40 worth of fees for sending a few bucks are ridiculous people, who the fuck would be able to pay that amount of money just for a single tx?

That is why transactions should get confirmed faster. If you try to look at why the transaction fee is so high it's because there is a lot of unconfirmed transactions.

When bitcoin starts to get down, people will debute to leave it and find another cyrptocurrencies that's the biggest risk. We hope bitcoin won't shut down, people need to remain using it.

With these types of currencies the technical and financial and all the aspects can't be separated IMO. Everything heavily influences everything else. The biggest risk is probably brand dissolution through fork confusion. Bitcoin development seems to implicitly have adopted a "one coin to rule them all" philosophy. That raises the stakes and risks because now if Bitcoin's market cap is superseded by another coins it will be seen partly as a failure. This is likely to happen although that would probably cause more radical changes to be introduced bye core in order to compete with the new network.

I think the issue of unconfirmed transaction is a major threat to bitcoin's sustainability. It is a big risk as Bitcoin users begin to lose confidence due to long delays in having their transactions processed and confirmed and also paying high fees. The inconvenience is just too much for the average user and only a matter of time people get frustrated and start looking for other convenient alternative.

often being hacked, nothing is more serious than that.

I don't think its 100% technicality that has cause bitcoin to crash rather i would say it is politics which has been the reason.According to me this politics was played to create panic situation between small traders and they have succeeded in that.This scenario wouldn't have been like this if small traders wouldn't have panic.So i would say the biggest risk that bitcoin is facing today is lack of panic control and that can make bitcoin go down further too if not controlled in time.

The government are really on the neck of bitcoin in other to take full control of it and the mining process itself ,this is not good news for investors and not the concept of cryptocurrency

This is already happen, Bitcoin it's not comfortable for small transaction, current tx fees priority are doesn't make sense.
Additional when network chain are getting busy, many tx stuck.  We need to find way to send fast transfer, solution is convert it to other altcoin such as zcash or xml that can send instantly with cut fee very low.

Yes it's awful situation when you need pay such high gas price or wait 10 years because it to expensive with crazy hype and low speed

It's too expensive and slow to be used as a real currency.

Risky? why? Most people who are saying that their bitcoin wallets are a store of value are very smart, in fact,
they are holding their money while they earn a + interest each time that the price goes up.


Yes, but that is what is happening right now.. all those who are tired of the fees are just switching to bitcoin cash. The only problem with this is that they are killing bitcoin, and they are using a new "coin" that is absolutely useless.


Tell your friends that zcash is a shit, the best thing that they can do is just buy PIVX, if they want privacy (zcash)

The biggest risk may be the sudden crash in price value. If this happens, a lot of people will surely be pissed off! May be not in the system or Bitcoin per se, but mainly in themselves .

Technically bitcoin risk is the fix number of supply it has and the development on its block chain. It is very obvious that many alts today offers a much better coins something that is more faster and reliable while bitcoin remain on it's position without any development. Now the value of bitcoin drops and people starting to shift into alts and if this thing continue to happen bitcoin may lost its current market

I think when it comes to technical view, the most important to fix by bitcoin is the number of supplied coins and they should improve how their blockchain works. A lot of new cryptocurrency and altcoins existing today with has the quality features unlike bitcoin but for me bitcoin always be the one. Many altcoin can surpass bitcoin and I think it will be the greatest enemy of bitcoin to success. Bitcoin forks also be dominated the cryptocurrency, as of now, bitcoin cash is the most promising coin. I think if the bitcoin will not enhance its system, many investors will move to other forks or altcoin.

I see only 1 big problem that may lead to the death of bitcoin. It will die only if people will loose all of the coins (like users will give up on some dust on their wallets and delete them) so sooner or later there won't  be enough satoshies for everyone and someone will have to make a new bitcoin. The other problem (like transaction fees) could be (and will be) solved pretty soon.

The biggest risk for me is the legalisation in my country, if my country decided to banned bitcoin then there will be more challenge to cash out or using bitcoin, but the most dangerous now is coming from bitcoin itself, many people complain that transaction fee is too high and the speed is too slow, and slowly people shifting to other coin

I would say the high transaction fee is the pain right now when it comes to the Bitcoin. The fees that network requires to confirm the transaction is much higher than that of it should be and it is a serious obstacle to the growth of the network and hence the risk of slowing down the growth. There is a tremendous scope for the growth of Bitcoin across the globe but someone will definitely give a second thought unless the fee is reduced.

Day by day stupid coins are entering in field of cryptocurrency but few of them.are much better by technology , So I think bitcoin is making attention towards such type of new new technology and trying to improve bitcoin blockchain technology more and more improved with fork experiment ( making network more faster ) , but here another big issue that we are facing is transaction speed that is not much faster that what we should have , we need to pay high amount fee but still confirmation of bitcoin transaction have no gaurranty that we can have faster confirmation with high fee , Because already with fee of 0.002btc my transaction is stuck and no confirmation since 4 days .
So may be new change will be in bitcoin , otherwise bitcoin has no risk in any way .

I think the biggest risk to bitcoin is now the cost. Bitcoin transactions have to pay a high fee. That's not fair .. and payment transactions are slower

Technically that is really the biggest problem that bitcoin is facing right now, the technical issue of transaction being process at a longer period of time and fees for miners to confirm a single transaction.

This will cause people to abandon or find other alternative coin (top 10 in the market) to process their transaction.

The transaction fees taken from the user has become very high and the processing time of the transaction is very high which is a problem for the users.
Bitcoins are not yet legal in most of the countries so again thats an issue for trading.

For me the biggest risk is that a lot of BTC wallets will be lost in the future. And I don't know these "dead" could be withdrawn. In 10-20 years it will be a lot of "dead" wallets.

For me, much of it is psychological.   I know that deep down, the btc holdings I have now were at one time worth only a few thousand US$.   So it's always at the back of my mind that maybe I should just sell it all to take the money and run.   I don't do that of course (instead of opting for small cash ins and long term gains), but I think a lot of early and middle adopters sometimes participate in a heard mentality kind of thinking.   Like watching the wildebeests in Kusini.   If something minor spooks the heard, they all start running (and cashing in in this case).  

there are a lot of risks that bitcoin is facing.
the most important one is losing the decentralization that it has because it is one of the main attributes of bitcoin and it needs to keep it in order to stay strong.
the other important one which is often forgotten these days and sometimes even by some bitcoin developers! is that bitcoin should be able to work as a currency and be able to compete with them at the same time. this requires reasonable fees and that requires scaling. sadly some people are only considering bitcoin as a "store of value" and unknowingly want to kill bitcoin by doing that.

Literally the transaction is too expensive I mean miners fee are killing the users right now even though we don't have a tax here but man talk about a huge amount of transaction fee just to send your bitcoin to other people. Its like your money is being tax with much higher cost no offense sirs but these transaction fees are killing the users right now.

The biggest risk facing bitcoin these days is the uncomfortable system and the many sales that the bitcoin owner does. and become down. but, I think this is only temporary.
I am sure that bitcoin will go back up and pull back trust.

Risk of being obsolete due to a scaling solution being too long to arrive. Alts are doing it alot better to be honest.

I think the biggest risk facing bitcoin today is the system. a system that I think bitcoin needs to correct and upgrade the system for the better and faster.

The risk is that way too many people are now using bitcoin and the transactions they generate are clogging the network, making fees and confirmation times skyrocket. The result is that people might move on to another BTC contender like bitcoin cash, which is rising currently. This will greatly devaluate btc.

it is not a risk, at least not a long term risk.
because even if they do switch to another alternative cryptocurrency such as bitcoin cash, in the end they all will end up in the same place as bitcoin. it may take a longer time before bitcoin cash reaches the same amount of usage that bitcoin has and has full blocks but it eventually will get there and when it does the same congestion and high fees will be the result of it. and the dump the said altocin will experience will be so much harder because it is an altcoin.

for me the biggest risk facing at the moment is the huge transaction on blockchain, too many unconfirm, high fees, bitcoin prize dropping so quickly, and not only facing for bitcoins even other crypto has the same issue..

For me, the greatest risk is about the new currencies made. If there are a lot of currencies made, some investors may move to whoever has the highest value. In the meantime maybe bitcoin will lose investors that may cause it's value to drop.

the risk of bitcoin when bitcoin is not received in the market and can not be a legitimate means of payment will make the bitcoin price down and the investors stuck at a very expensive price.

This year the perspective about bitcoin has dramatically changed . The initial idea to be a currency used in daily activities seems increasingly far.
Besides that, all these forks taking place in very short period certainly has introduced new questions and uncertaines about Bitcoin.

Bitcoin need more trust because not all the world believ in bitcoin...if people stop beliving in crypto the bitcoin will fall

The biggest risk is competition of other cryptocurrencies people will start switching for things that are more stable

The biggest risk of bitcoin is the bitcoin's price will be more down because the problem on the bitcoin's transaction, today the cost of bitcoin to sending for other wallet is very expensive and slow confirmation, it can makes the user's bitcoin goes to the another alternative coins for ignore the fees transactions, but i am sure in the future this problem will be fixed by the developers team, let's wait and see about the activation of lightning network on bitcoin's blockchain, we hope it is the best solution for bitcoin.

I don't know but one thing is for sure that people are the ones facing the fear. They are fearing that what if they invest all their money, but bitcoin will fail? Or it will just be gone in a single snap.

The risk of people getting tired of the slow transactions and high fees. This think is pretty dangerous for Bitcoin's reputation at the moment.

All it means is that there will be a boom in other currencies.   Not BCH or Ripple though, just my opinion. 

Been using ETH as much as BTC in the past few weeks.   

Honestly, the biggest risk that bitcoin disappear when we holding the big value of it. In fact, the current fees are very high and that's the big problem because there are many transactions in small period and always there is a development of this transactions (unconfirmed and confirmed too).

From my point of view. The biggest risk that bitcoin is facing now are the people who want to put bitcoin down. They are now making a move slowly. They want to destroy bitcoin to change it with another one.

The biggest risk of bitcoin if many people gives up do btc business it make  slow down of circulation btc

I think the uncertain transaction is a major threat to Bitcoin stability. This is one of the main threats currently, because investors have begun to lose trust on Bitcoin due to long delays in the transaction process. In addition to paying high fees and transactions very slow speed is very complete.