Bitcoin Forum

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?

Boredom, alt pump hangovers, tax season in the US. I expect it'll be a pretty dull month more down than up. January has rarely been a juicy month.

The forks are becoming ever more scammy and brazen. It's now last year's piss take.

The main problems of bitcoin for January of the already begun year is the elimination of its shortcomings: it is slowness and high cost of transactions. These problems must be solved by bitcoin before developing and growing further in price. Without solving these problems, bitcoin will have to be very difficult.

I am sure that the year 2018 will be so challenging for Bitcoin and the whole cryptocurrency community. Will Bitcoin surge or die this year...am sure many people have been asking that same question especially if they have a stake in Inhibitor and wishing that it can continue on growing in value after the Big Dip we experienced in December. I think the main challenge for Bitcoin this January is coming up with a blueprint on what to do with the scalability issue so that transaction fees can go down. We will see what will really transpire in the Bitcoin scene. Right now, we can only hope and speculate.

Main challenge for bitcoin is lightning network. If it will be done, we easily seen price at 20k again

Looking at bitcoin challenges in a month is a very short window. Bitcoin is a long term thing and a month will come and go and be forgotten. The challenges will be sorted out - eventually - they always have - and as far as I can tell they always will. I wouldnt bet against bitcoin.

I think that Bitcoin's main challenges for January will be the heavy processing time of the transactions. After that, the sky is the limit for bitcoin. It would be nice if we could go back to a time where transactions could be sent within a few minutes for a few cents.

Also, the price really needs to stabilize before anything rational decisions can be made by companies to adopt it as a payment method.


I too can agree on this and I see this as the only option for bitcoin to grow.

The main problems while at bitcoin are two - slowness, transaction hanging and the high cost of commission fees for their conduct. If bitcoin manages to solve these problems, then he will easily achieve the predicted many rates at the end of this year 2018 at 35 000 - 40 000 dollars. If these shortcomings are not eliminated, bitcoin may lose the leader of the crypto currency in the near future.

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.

I think the main challenge that BTC will face in 2018 is the recovery to back up. and that's hard, because some users have lost confidence. then many good altcoins are expected to catch up with bitcoin. and many more.
but I am sure, it can all be solved. and bitcoin will reach over $ 25k.
about fork, I do not know. but probably more fork this year

i want to emphasize the slowness and high cost of transactions. It just got worse, sad thing is no one does the regulation. And it just got out of control. I feel disappointed with what just happened. From being the ideal cryptocurrency it has become hard to use.

Main thing on bitcoin is it is reached record high level , now it is the correction period for bitcoin, And also main challenges from alternative coins , alt coins also growing up faster , people are more interested now a days on alt coin as bitcoin transaction fees is very high now a days compared to earlier , but still there is hope as bitcoin is the main crypto currency and has gained more popularity globally than alt coins.

last night I read somewhere that five worst things that marked bitcoin technology in 2017 were: 1. bitcoin cash creation 2. Segwit rolled out  3. Bitcoin forked again 4. Segwit2x cancellation 5. transaction fees went too expensive........from all stated here high transaction fees affect me and my business most. I guess that all of us *small players* suffer lot from high fees. Buying a regular coffee with btc nowadays is scary (fee around 40$).

These challenges can negatively impact bitcoin. It can cause the bitcoin to go down instead of moving up. I think it's hard to get a bitcoin up to $ 25,000 because it's a difficult target to achieve.

I think in this year bitcoin will handle all its challenges because all the challenges will be same like last year and it’s also confirm that bitcoin will also fact it soon because bitcoin know that thousands of people are waiting for bitcoin so bitcoin will not only accept them but a lot it will start to give them a profit bitcoin have now learned a lot of things from market and it know very well how to handle the situation so no need to worry about anything.

The answer to this is pretty obvious if you have been following the news surrounding Bitcoin, one word: scaling.
I imagine we'll soon see some more implementations of Lightning Network popping up.

Another thing I'm personally interested in are Schorr signatures, I think it's the best next thing to implement after Segwit.
Schorr signatures will further reduce transaction sizes by more than 25%

Here's a pretty good article that explains it:
https://medium.com/@SDWouters/why-schnorr-signatures-will-help-solve-2-of-bitcoins-biggest-problems-today-9b7718e7861c

Probably the biggest challange thjat bitcoin faces this jaunanry and this year in general is transactions and altcois, since bitcoin became so popular after its recent grolwth the transaction time has started to become much slower, and that is due to the fact that the number of miners in the bitcoin network has decreased and this lead eventually to the fees going up as well, with the other cryptocurrencies having a much lower fee and price, a fast transaction time and minor fee price, investors finds them better than bitcoin at the moment and a huge future profit, so if the bitcoin does not adapt to these new challanges, we might see it starting to fall.

Indeed, hopefully this 2018 bitcoin will solve this problems because as I have observed that there's a lot of transactions being stuck and I even have a stuck transaction as well,being accelerated twice yet still didn't received it. Hopefully bitcoin transaction will be sent smoothly with lower fees starting this year.

I think 2018 is the year of crypto, everyone will be running around trying to find the next big coin, bitcoin will steadily rise up to an amount that would have seemed unimaginable only a year ago.

If you are in crypto now there should be no reason why you should not profit in 2018.

To battle volatility and maintain the support by people to prevent a major downfall in the price. Bitcoin will also need to help other crypto's to grow as well so as to battle peak points and continue breaking boundaries.

Fees are to high  :-\

Well, the main problems that i see as of now is the increasing number of altcoins that pump and dump. Which attracts a lot of investors more since this can give these greedy bastards a lot of profit. Also, the high fees and transaction confirmation time frames are major players in the negative side of bitcoin. But if the lightning network fixes these problems, then i think that this may really pull in a massive number of investors this year and make bitcoin break records again faster than before. That's just my opinion though.

The main challenge for Bitcoin in January is not to give way to the bears who are betting it would tank. It should resume to rise, instead, reversing this short time bearish trend.

I think it will be both an exciting and nerve-wracking year. Prices are going to continue to increase, but we will see more regulation and taxation come down from most countries.

What problems can be in bitcoin? The main problem will be if he very much loses in value, which is unlikely

I am confident that 2018 will be very challenging for Bitcoin and the cryptocurrency community as a whole. The major challenge for Bitcoin in January is with a blueprint of what to do with scalability issues so that transaction costs can go down. We'll see what's going to happen in the Bitcoin scene. we can only hope and speculate.

Bitcoin haven't hit a high price for this month as compare to what we have experienced last nov. And dec of 2017. Maybe this isn't a good.month for bitcoin considering also the high charges. But let's not lose hope and stay optimistic this is just the start of the year, bitcoin have a long way to go. Surely it will recover from all of this.

this January will probably still be as usual but for the whole bitcoin will eventually exceed $ 30K and it will happen maybe at the end of 2018 so now you buy it is an appropriate step

in this january i think the market is very bullish and it can go to any of the two altcoins and king bitcoin if bitcoin rallies again and gain momentum alts may go with bitcoin or it may go down depending on the trend of news and fuds that is happening, many challenge is ahead and i think there will be more fud this time and a lot of threat against bitcoin like forking and a lot of disagreement about bitcoin

Not only in january, in general in 2018, the main challenge will be about other altcoins ruining bitcoin's dominance of market. Bitcoin will give an important examination to show it's the king of the market, nobody else.

For 2018 the bitcoin can get to Bend your price and reach 40k $ but it can also suffer fall pronounced reaching less than 10k $ having a great volatility

January is a new beginning for bitcoin and all cryptos I'm sure fluctuations should be expected there's maybe a lot of hardfork that will happen but surely bitcoin value will continue to appreciate. The popularity of bitcoin will surely help the demand to increase much higher with will result to lack of supply in the future and with this value needs to be adjusted

Some experts say that it is a bubble waiting to burst because its supply and demand is not equal. There is a huge demand for it and it lacks money to supply it. Another thing is the rise of other cryptocurrencies like Rippler.

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.

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

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.

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.

With the high price increase that bitcoin has, bitcoin call attention to many governments

Wall Street Buzz: Merrill Lynch Bans Bitcoin For Its Clients (https://cointelegraph.com/news/wall-street-buzz-merrill-lynch-bans-bitcoin-for-its-clients)

Egypt's Top Cleric Declares Bitcoin Trading 'Unlawful' (https://cointelegraph.com/news/bitcoin-violates-sharia-law-says-egypts-highest-religious-official-issues-fatwa)

South Korea Law Firm Fights New ‘Unconstitutional’ Crypto Trading Regulations (https://cointelegraph.com/news/south-korea-law-firm-fights-new-unconstitutional-crypto-trading-regulations)




We will probably exceed this price



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

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.

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.

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.

The continued rise of altcoin will have some impact on bitcoin, but policy is the biggest factor affecting cryptocurrencies.

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.

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.

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.

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.

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

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^

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.

Main challenge is regulatory and banning news

Now main challenge is stabilization of price  ::)

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.

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.