Bitcoin Forum

Economy => Trading Discussion => Topic started by: MTNNET on May 16, 2023, 12:46:57 PM



Title: Biggest challenges of bitcoin...
Post by: MTNNET on May 16, 2023, 12:46:57 PM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

https://www.google.com/url?q=https://mint.intuit.com/blog/investments/pros-and-cons-of-bitcoin/&sa=U&ved=2ahUKEwiZqMKO7fn-AhULUcAKHXi7CvYQFnoECAQQFA&usg=AOvVaw0WbZ-GFopDbGQkRs7kS0nf


Title: Re: Biggest challenges of bitcoin...
Post by: Call_Me_Guru on May 16, 2023, 01:12:45 PM
What has scalability got to do with bitcoin investment, trading volume and future flourishness?

What you call a problem is the reason bitcoin is unique and can not be tampered with. No other project can challenge it since in place of decentralization and integrity of the system. The lack of much scalability is the price bitcoin it is paying and it will always stay that way and still be the most demanded for.

It has created the road, others are only enjoying it.


Title: Re: Biggest challenges of bitcoin...
Post by: zanezane on May 16, 2023, 02:55:35 PM
https://www.google.com/url?q=https://mint.intuit.com/blog/investments/pros-and-cons-of-bitcoin/&sa=U&ved=2ahUKEwiZqMKO7fn-AhULUcAKHXi7CvYQFnoECAQQFA&usg=AOvVaw0WbZ-GFopDbGQkRs7kS0nf
I agree @OP that Cryptocurrencies, such as Bitcoin, face scalability challenge that can result in slower and more expensive transactions, potentially hindering their use for routine transactions. Additionally, Bitcoin's high volatility makes it a risky investment, as its price can fluctuate significantly. Before considering investing in Bitcoin, it's important to understand these challenge, as well as the potential benefits and drawbacks associated with cryptocurrencies.


Title: Re: Biggest challenges of bitcoin...
Post by: Rupok on May 16, 2023, 05:01:28 PM
Of course everything should be justified before investing. A few days ago Bitcoin faced scalability challenges due to high transaction volume.  This makes Bitcoin transactions slower and more high transaction fee.Everyone is now worried about the high transaction fees of Bitcoin.  We have not faced such scalability challenges in any other year except this year 2023.  Bitcoin will overcome scalability challenges very soon.  I'm not too worried about Bitcoin scalability, because the demand for Bitcoin will be higher day by day.


Title: Re: Biggest challenges of bitcoin...
Post by: Husires on May 18, 2023, 03:05:38 AM
What cryptocurrency are you talking about,  there are thousands of cryptocurrencies, and many of them can produce more than one block within 100 seconds, and therefore using them will enable anyone in the world to conduct a transaction whenever they want.

Some protocols are centralized, so if we take Ripple (XRP) as an example, there is no problem of scalability as it is specially designed to process thousands of transactions continuously, but it is centralized and has one point of failure.

When you search for investment, daily use is not a criterion to determine whether this service is good as an investment or not, and the evidence for that is gold. It can be used as a currency, and yet we do not pay transactions with it daily.


Title: Re: Biggest challenges of bitcoin...
Post by: Sebas.tian on May 18, 2023, 03:43:05 AM
Quote from: MTNNET
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest?

Yes, Bitcoin worth investing in because we saw many investors that came to share their cryptocurrency income experience that is attracting other people to start making Bitcoin their choice so that they will enjoy what investors are enjoying in the community. If you can make up your mind and save enough capital in this season and wait for the price of Bitcoin to decrease back to $20,000 before you can buy, I think it will really help you to solve many challenges that will make you believe that Bitcoin remain the king among other cryptocurrencies. Since the price of Bitcoin has increased to $27,481, showed that the bullish season is very close for those that invested in Bitcoin some months back to get prepare for massive pumping.


Title: Re: Biggest challenges of bitcoin...
Post by: aylabadia05 on May 18, 2023, 04:23:40 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.
Bitcoin in a few days ago did experience a little obstacle at a high transaction fee than usual. In determining how long the transaction process, everyone may determine themselves. There are so many types of crypto that have been tried by traders, investors and who are the best of them, no one has said that thousands of crypto are better than the Bitcoin transaction process.

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Can and Bitcoin are very feasible for investment because Bitcoin is a smart choice compared to choosing crypto that was born in the crypto room quite a lot at any time but it is not yet clear the future.


Title: Re: Biggest challenges of bitcoin...
Post by: SamReomo on May 18, 2023, 07:41:48 AM
You are wrong scalability issues aren't present with all cryptocurrencies, but with some unique ones and for a valid reason. Many cryptocurrencies can process enormous quantities of transaction within short duration, if we take the example of XRP (Ripple), it can process thousands of transactions every minute without any delays or need of high fees.

You can easily use XRP for routine transactions as it is the fastest and most secure cryptocurrency for the purpose. The transactions made with XRP are very fast and the process won't take longer to complete. I know that with the current situation of Bitcoin there are delays in transactions and the fees are higher but that issue will be fixed soon.

Investing in Bitcoin is another thing than the transaction speeds because you can invest in Bitcoin even if the network is congested and the transaction speeds are slow. There are many exchanges that have listed Bitcoin on their platforms and you can easily purchase Bitcoin from those exchanges with any other cryptocurrency and fortunately some exchanges allow you to purchase with fiat currencies. Even with congested network investment isn't an issue, and in fact in such times investing in Bitcoin could be a better decision.

I know that you'll have to wait for the network to get less congested again and after that you can withdraw your bitcoins into your personal wallets without any issues. The fees will be fixed soon and the higher fee issue won't stay for a long time.


Title: Re: Biggest challenges of bitcoin...
Post by: irhact on May 18, 2023, 08:13:41 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

When you're investing in Bitcoin, you're doing so for the gains you'll get in the future and not because you want to use it in transactions. Bitcoin investing and adoption are two different things. Bitcoin will keep giving future gains without it be used for transaction because of how it was built. Bitcoin has a limited supply and will keep having high demand.

The high demand of Bitcoin will keep increasing the price and since there'll always been a scarcity of Bitcoin because of the block reward been halved every four years. There's more chances the price will keep increasing and the gains will keep on coming by just holding.


Title: Re: Biggest challenges of bitcoin...
Post by: Mr. Magkaisa on May 18, 2023, 08:32:23 AM
The only thing that worries other bitcoin holders right now is that the fees to make a bitcoin transaction may still be high. Now, if you ask if it is still a wise decision to invest in bitcoin, my answer is yes.

Although there are some things that I still consider that should be considered in the risks that can be faced with Bitcoin, but still, of course, it is still up to us. What do we really want?

Pros and cons of Bitcoin https://www.cointree.com/learn/pros-and-cons-of-bitcoin/


Title: Re: Biggest challenges of bitcoin...
Post by: hugeblack on May 18, 2023, 10:45:06 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.
Scalability is one of the problems that have been studied and tried to reduce its risks since the early days of Bitcoin, and it is almost the reason for the emergence of most altcoins that promised to provide better solutions than Bitcoin to this problem, but failed to do so or at least were unable to provide a good price model compared to Bitcoin.

There is no wisdom in fear as long as there are many solutions that have been devised to end this problem. You have the sidechains and LN.


Title: Re: Biggest challenges of bitcoin...
Post by: Johnyz on May 18, 2023, 11:23:05 AM

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

I can say Bitcoin is worth it because of my personal experience with Bitcoin, yes it might be risky but its volatility will make more profit for you if you know how to utilize it. There might be issues when it comes to the value of Bitcoin but if  you see a big picture for a longer time frame, you can see what's the real worth of Bitcoin.

Trading will make it more challenging, so if you don't have much time then play longer and deal with Bitcoin.


Title: Re: Biggest challenges of bitcoin...
Post by: jrrsparkles on May 18, 2023, 11:32:57 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

https://www.google.com/url?q=https://mint.intuit.com/blog/investments/pros-and-cons-of-bitcoin/&sa=U&ved=2ahUKEwiZqMKO7fn-AhULUcAKHXi7CvYQFnoECAQQFA&usg=AOvVaw0WbZ-GFopDbGQkRs7kS0nf

7 is the actual TPS of Bitcoin which will never be enough if more people started to use Bitcoin for every transaction they make cause the incoming transaction will be 2K and the network can only manage 7 to 8 so all the remaining will stuck and the people will keep pushing the fee higher to get their transaction to get included in the block.

But from investors point of view its different, they are not going to look at the challenges they will look at the track record and what bitcoin produced to the investors over the years so long term investors don't bother the short term clogs but if it persist for long term then bitcoin will stuck with its current system.


Title: Re: Biggest challenges of bitcoin...
Post by: Patrol69 on May 18, 2023, 11:35:49 AM
The only thing that worries other bitcoin holders right now is that the fees to make a bitcoin transaction may still be high. Now, if you ask if it is still a wise decision to invest in bitcoin, my answer is yes.

Although there are some things that I still consider that should be considered in the risks that can be faced with Bitcoin, but still, of course, it is still up to us. What do we really want?

Pros and cons of Bitcoin https://www.cointree.com/learn/pros-and-cons-of-bitcoin/
Bitcoin transaction fees have come down to a somewhat normal level now that it is possible to make transactions in Bitcoin if desired. And those who invest I don't think the transaction fees for investing are huge. Investing in Bitcoin is always a good decision because Bitcoin can be trusted more than other currencies. If the advantages and disadvantages of Bitcoin are discussed then the advantages of Bitcoin will be more in comparison. Most people think that investing in Bitcoin is very risky but investing in Bitcoin is not only risky but investing in any other platform is very risky. All things considered, investing in Bitcoin is wise.


Title: Re: Biggest challenges of bitcoin...
Post by: yudi09 on May 18, 2023, 11:59:31 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
There are many differences that should not be equated between crypto and Bitcoin before you discuss the issue of scalability because in the past many cryptos have tried to be better than Bitcoin but could not start from the ICO era.
Bitcoin doesn't promise like the promises offered by crypto from Ethereum to crypto we don't know the name but Bitcoin provides proof.

High Bitcoin transaction fees have occurred and can be resolved successfully.
I personally am no longer at the stage of asking whether it is worth investing in Bitcoin because Bitcoin is indeed the coin of choice.


Title: Re: Biggest challenges of bitcoin...
Post by: michellee on May 18, 2023, 12:09:44 PM
What makes investing difficult for you is that you don't know where to start because if you don't, you can go into the market and buy a few satoshis or even 1 BTC right away and save it for the long term. We all know BTC is worth investing in and we have seen the future potential of BTC through its history.

So if you are still confused about whether to invest in BTC or not, you should read more about BTC to be sure. People who invest in BTC think it is the smartest choice they can make and they are already benefiting from investing in BTC.

So it depends on you whether to invest in BTC or not, it is each person's choice and there is no compulsion to participate in investing in BTC.


Title: Re: Biggest challenges of bitcoin...
Post by: Popkon6 on May 18, 2023, 12:46:34 PM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

https://www.google.com/url?q=https://mint.intuit.com/blog/investments/pros-and-cons-of-bitcoin/&sa=U&ved=2ahUKEwiZqMKO7fn-AhULUcAKHXi7CvYQFnoECAQQFA&usg=AOvVaw0WbZ-GFopDbGQkRs7kS0nf

I think scalability is the problem that Bitcoin used to de-risk but failed. But investing in Bitcoin is a smart move because gas fees are not that much of an issue. All transactions increase the gas fee amount. So you can invest in Bitcoin without fear. Of course, Bitcoin is a worthy platform to invest in. Investing in altcoins is risky. But investing in Bitcoin is a trustworthy so it's easy solution.


Title: Re: Biggest challenges of bitcoin...
Post by: rozak on May 18, 2023, 01:18:25 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

people who just keep asking how Bitcoin works, without taking action to explore the market. clearly they were full of doubts. people like that that will be difficult to invest. even people like that will not do anything after getting an explanation from anyone because they have in their minds are doubts and read too much negative news related to Bitcoin.
when we see how Bitcoin is hit by negative issues and also the market falls and then rises again. it happened not just once. the decision lies with everyone. want to take a risk, or will just be a listener and comment when they are late to join.


Title: Re: Biggest challenges of bitcoin...
Post by: carlfebz2 on May 18, 2023, 10:53:24 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

people who just keep asking how Bitcoin works, without taking action to explore the market. clearly they were full of doubts. people like that that will be difficult to invest. even people like that will not do anything after getting an explanation from anyone because they have in their minds are doubts and read too much negative news related to Bitcoin.
when we see how Bitcoin is hit by negative issues and also the market falls and then rises again. it happened not just once. the decision lies with everyone. want to take a risk, or will just be a listener and comment when they are late to join.
Just let those doubtful or critics would really be indulging themselves on what are those ideas they do have in mind because sooner or later they would really be able to realize on whats the truth and would realize

that they had wasted up so much time and opportunity to know and accumulate while its still cheap.They wont really be that get convinced if they wont really be able to see those proofs but of course everything would really be goes in time because recognition and adoption isnt something that would really be fasten up.It would really be surely taking up some time but well it isnt really that guaranteed because
there's no such thing about assurance on this crypto world. There's no really assurance that we would be flying out to the sky on upcoming years to come.
Challenges would be mainly about against government which is usual stuff but somewhat could be handled out as long there's a strong community who is backing it up.


Title: Re: Biggest challenges of bitcoin...
Post by: irhact on May 19, 2023, 05:37:04 AM
Of course everything should be justified before investing. A few days ago Bitcoin faced scalability challenges due to high transaction volume.  This makes Bitcoin transactions slower and more high transaction fee.Everyone is now worried about the high transaction fees of Bitcoin.  We have not faced such scalability challenges in any other year except this year 2023.  Bitcoin will overcome scalability challenges very soon.  I'm not too worried about Bitcoin scalability, because the demand for Bitcoin will be higher day by day.

2023 isn't the first time we're experiencing Bitcoin scalability problems. It's because of this problems has happened in the past that's why we have the developers working on solutions. Bitcoin lightening network has been introduced but lacks adoptions. If more business adoption the lightening network, we'll begin to have less congestions.

Also business should use more of segwit address instead of the legacy address. It won't eliminate the problem totally but it'll reduce it and we can have more transactions been confirmed by the miners and this confirmation are done in faster times to keep the network fast.


Title: Re: Biggest challenges of bitcoin...
Post by: ethereumhunter on May 19, 2023, 09:14:56 AM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.


Title: Re: Biggest challenges of bitcoin...
Post by: Aikidoka on May 19, 2023, 10:47:27 AM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
To be honest, I wouldn't say no to invest in Bitcoin. It has proven to be a profitable long-term investment and in my opinion it ranks among the top successful investment options available at least for me. I'd say investing in bitcoin, gold or real estates are top tier but let's just talk about bitcoin.

Since when it was released in 2009, Bitcoin reached a peak of $69,000 in 2021. This growth is truly insane especially when considering its initial value of just a few cents. Now, let's think about the future, let's say 5 to 10 years from now as our world continues to develop and technology further dominates our lives. In this scenario, it's highly likely that Bitcoin will witness even greater adoption and usage. The potential for widespread use is huge, and I wonder what price Bitcoin might hit during this time.


Title: Re: Biggest challenges of bitcoin...
Post by: AicecreaME on May 19, 2023, 01:52:29 PM
What cryptocurrency are you talking about,  there are thousands of cryptocurrencies, and many of them can produce more than one block within 100 seconds, and therefore using them will enable anyone in the world to conduct a transaction whenever they want.

Some protocols are centralized, so if we take Ripple (XRP) as an example, there is no problem of scalability as it is specially designed to process thousands of transactions continuously, but it is centralized and has one point of failure.

When you search for investment, daily use is not a criterion to determine whether this service is good as an investment or not, and the evidence for that is gold. It can be used as a currency, and yet we do not pay transactions with it daily.

I definitely agree with you.

Any investment is worth the risk because you will make profits if you win, and if you lose you will learn. There's no successful investors that didn't take any risk, we all do that because we need a result, we need to know what's waiting for us after we took a risk. Risking is to know the answers to all of our "what ifs", and without risking, you will left thinking all the what ifs, and that is so stressful because of regrets.


Title: Re: Biggest challenges of bitcoin...
Post by: Bananington on May 20, 2023, 03:37:27 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Generally when try to invest in anything, you need to have a proper understanding of what you are about to invest in. Blindly investing because everyone is investing can be a dangerous to you even if the investment is on something good. Bitcoin is good to invest in but you should have a reason to invest in it. The high transaction fee and waiting time if bitcoin is to be used for transactions can be a challenge, but it should not be enough to discourage you from stopping to invest in it. The pros of having bitcoins far outweigh the cons.


Title: Re: Biggest challenges of bitcoin...
Post by: rahulzx on May 20, 2023, 03:55:14 PM
What has scalability got to do with bitcoin investment, trading volume and future flourishness?

What you call a problem is the reason bitcoin is unique and can not be tampered with. No other project can challenge it since in place of decentralization and integrity of the system. The lack of much scalability is the price bitcoin it is paying and it will always stay that way and still be the most demanded for.

It has created the road, others are only enjoying it.

Hence there is institutional traders involving and doing heavy swings on market retail traders are avoiding trade confidently as this market makers. New traders loss their bags and removing from market with empty hand after every heavy swing on market, As I think,If this situation stabilize by market makers there be more dealers involving btc market.


Title: Re: Biggest challenges of bitcoin...
Post by: Josefjix on May 20, 2023, 08:16:55 PM
To be honest, I wouldn't say no to invest in Bitcoin. It has proven to be a profitable long-term investment and in my opinion it ranks among the top successful investment options available at least for me. I'd say investing in bitcoin, gold or real estates are top tier but let's just talk about bitcoin.

Since when it was released in 2009, Bitcoin reached a peak of $69,000 in 2021. This growth is truly insane especially when considering its initial value of just a few cents. Now, let's think about the future, let's say 5 to 10 years from now as our world continues to develop and technology further dominates our lives. In this scenario, it's highly likely that Bitcoin will witness even greater adoption and usage. The potential for widespread use is huge, and I wonder what price Bitcoin might hit during this time.
Who wouldn't want to invest in bitcoin now that they realize it's a potentially profitable coin with big profits? The world is changing, and we must prepare our minds for greater accomplishments to come, spending more time on solid projects and also anticipating to start gaining more knowledge and experience in the space. Bitcoin is a rock-solid project in the market, and its existence has been extremely helpful to investors who understand how the project operates. This was the foundation of top whales in the market in 2009, their roots traced back and made profitable with well-planned strategies.


Title: Re: Biggest challenges of bitcoin...
Post by: Dr.Bitcoin_Strange on May 20, 2023, 09:26:38 PM

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

Normally, with every investment, whether in crypto or another investment, there are some pros and cons that, if not properly understood, could lead to some regrets at the other end. I still remember when I first invested with one company, there were some cover papers they gave me that had boldly written on them "memorandum of understanding." That book contained all the terms and policies of the investment am venturing into, as well as the possible risk attached, but in the crypto world, everything is mistakenly understood by some people because there are no official rules for investing in Bitcoin or other shitcoins, but whoever is investing should be sure they understand what they are doing.


Title: Re: Biggest challenges of bitcoin...
Post by: goaldigger on May 20, 2023, 09:28:21 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Dealing with Bitcoin is not easy at all, in fact cryptomarket is the most volatile market and its already exceeded the forex market. These challenges will make you stronger if you are able to overcome it, remember there’s a lot of opportunity with cryptomarket, all you have to do is to act right. Pros and cons if you invest with Bitcoin are more ok compare to the altcoins, if you want to be more safe in crypto then buy cheaper Bitcoin and hold it.


Title: Re: Biggest challenges of bitcoin...
Post by: Bitcoin_people on May 21, 2023, 06:42:00 AM


So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

Of course Bitcoin is worth investing in. There are many investors who have profited from their Bitcoin investments. And they share with us their experience that they have been able to earn profit by trading cryptocurrency. According to those investors advice and guidance attract us a lot to invest in Bitcoin. If you are willing to invest then definitely you can invest with your savings. and you need to understand when to invest and when to sell so you can get ideas. When you invest in Bitcoin, you must invest in a bear market. the market is in this position to invest right now so you make an investment and wait for Bitcoin to pump.


Title: Re: Biggest challenges of bitcoin...
Post by: ancafe on May 21, 2023, 07:47:47 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.
Maybe what you mean is the problem of busy network transactions that occur in bitcoin as it is today and where bitcoin transactions are very expensive, but in normal cases this will return to normal and there are several exchanges and wallets that can manage transaction fees and you can adjust them to your needs you, so it's less fixed what you mean in this post.

So if you're asking yourself can I invest?
You can if you have money and obviously you can't when you don't have money.

Is bitcoin worth investing in?
Very decent and even one of the best at the moment compared to other cryptos.

Is it smart choice to invest?
There are many reasons that can convince us that bitcoin is a smart choice to invest, besides being able to maintain value and bitcoin also has the strength to survive when the economy is experiencing a crisis or recession.

Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Knowledge can bring someone to believe and understand bitcoin, the challenges of pros and cons in life cannot be separated in any aspect, including when you try to invest in bitcoin so you can see other aspects of utilization when you choose bitcoin.


Title: Re: Biggest challenges of bitcoin...
Post by: GreatArkansas on May 21, 2023, 11:30:34 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.
(....)
I believe that this issue is very simple. This kind of problem will be managed in the future, there is a lot of technology or projects that are helping to solve this issue like Lightning Network.
Another thing is this is a much better problem than the problem of "decentralization", it's easier to solve.
About people trusting Bitcoin as an investment, yeah this kind of issue is also an issue for some people that's why some are afraid to invest in Bitcoin.


Title: Re: Biggest challenges of bitcoin...
Post by: rozak on May 21, 2023, 12:32:18 PM
When you invest in Bitcoin, you must invest in a bear market. the market is in this position to invest right now so you make an investment and wait for Bitcoin to pump.
for beginners, it is highly recommended to invest in Bitcoin. or maybe those who want to learn to trade can look for Bitcoin pairs. even though the value remains volatile and risky, Bitcoin will be a safer asset than investing with Altcoins.
when it comes to the right time, of course, a lot of people will talk about bull markets and bear markets. but we won't know when that happens. so anyone who wants to start investing, because there are doubts regarding market conditions. just buy whenever you are ready. it doesn't need to be too big to reach the ATH pump. determine profits in a short time first as a start. and when you already know the market situation well. investment or trading can be started with better planning.


Title: Re: Biggest challenges of bitcoin...
Post by: jeraldskie11 on May 21, 2023, 01:08:14 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
If you're only investing in Bitcoin, I don't think scalability will be an issue. However, if you use Bitcoin on a regular basis, scalability will be an issue for you. If possible, conduct the transaction using the Bitcoin lightning network to save processing time and fees. The only issue was that people were unfamiliar with the lightning network. That is why, if you understand what a lightning network is and how it works, you can tell them everything you know.
Furthermore, of all cryptocurrencies, Bitcoin is the finest investment.


Title: Re: Biggest challenges of bitcoin...
Post by: Litzki1990 on May 21, 2023, 01:27:33 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
When it comes to investing in cryptocurrencies I will definitely invest in Bitcoin because I always think Bitcoin is the best investment. Because other coins in the market depend on Bitcoin, we should always invest in coins that the market generally depends on. 
Investing in Bitcoin is relatively safe as the Bitcoin market does not experience as much volatility as other currencies, thus investing in Bitcoin can be done with confidence. And if the advantages and disadvantages are considered then the advantages will be more than the disadvantages. And those who like to take on the challenge usually invest in other crypto platforms, including Bitcoin


Title: Re: Biggest challenges of bitcoin...
Post by: darewaller on May 23, 2023, 10:23:40 AM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover. There are different types of investment instruments but indeed not all of them are affordable and easy to reach by a poor individual. Good thing is, cryptos are invented. Not only cryptos can be used as a currency, people can also treat them as an asset.

What is great on them is that we can be able to buy even at smaller quantities. Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.


Title: Re: Biggest challenges of bitcoin...
Post by: arwin100 on May 23, 2023, 12:33:25 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover.



Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.

People just need to have knowledge about past and current events so that they can determine that its still good to invest on bitcoin even if we are down with its past ATH. Although we can't blame other to think negatively on the bearish situation on bitcoin since this is normal and this is bit challenging scenario which newbie need to understand that this one really happen so that they will not get panic if the same like situation will occur.

Bitcoin for newbie is hard to learn but for consistent researching for sure newbie could understand its technicalities.


Title: Re: Biggest challenges of bitcoin...
Post by: livingfree on May 23, 2023, 01:19:52 PM
When it comes to investing in cryptocurrencies I will definitely invest in Bitcoin because I always think Bitcoin is the best investment. Because other coins in the market depend on Bitcoin, we should always invest in coins that the market generally depends on. 
Investing in Bitcoin is relatively safe as the Bitcoin market does not experience as much volatility as other currencies, thus investing in Bitcoin can be done with confidence. And if the advantages and disadvantages are considered then the advantages will be more than the disadvantages. And those who like to take on the challenge usually invest in other crypto platforms, including Bitcoin
It is the best investment on this generation. People may argue and may disagree but we're here and all of us know that this is the best asset that we've got.

It has changed a lot of lives and that's why even if people will decline to say and won't agree with us, it has changed our lives and that's it. Those that are asking to invest, the challenge is in you guys because you're thinking that people are discouraging you to invest.

But, with that, it's just all about what you can afford to lose on this very risky investment and Bitcoin is totally like that.


Title: Re: Biggest challenges of bitcoin...
Post by: ethereumhunter on May 23, 2023, 01:27:29 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover. There are different types of investment instruments but indeed not all of them are affordable and easy to reach by a poor individual. Good thing is, cryptos are invented. Not only cryptos can be used as a currency, people can also treat them as an asset.

What is great on them is that we can be able to buy even at smaller quantities. Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.
And in investing in crypto, people can choose bitcoin or altcoin and many of them have chosen bitcoin as their main investment. To invest in altcoins, they need to have the knowledge to choose the coin because there are many coins on the market and not all coins can be upgraded in the future. This requires further analysis to find the right altcoin so that it can provide benefits for them. But they can only invest in bitcoin without owning altcoins and that is enough for beginners who want to start investing in crypto. But it's not easy to be able to benefit from investing in bitcoin because they have to have the patience to wait for the bull run to come.


Title: Re: Biggest challenges of bitcoin...
Post by: Hamza2424 on May 24, 2023, 08:18:08 PM
Scalability is not that much bigger a problem with Bitcoin especially if you don't put scrap on the Bitcoin. Also with the problems there are numerous solutions available on the Blockchain L2 is the most successful example in front of you in the form of lightning network and ETH L2 projects. In blockcHAIN SPACE when you are talking about scalability then you should need t to consider that decentralization should not be compromised in the name of scalability especially when it's for the payment mode.

My take on it is current problems are self-generated we cant integrate the things for which blockchain was not designed and extra load will always cause problems so we need to develop a controlled and limited space for full efficiency.


Title: Re: Biggest challenges of bitcoin...
Post by: dunfida on May 24, 2023, 08:59:29 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover. There are different types of investment instruments but indeed not all of them are affordable and easy to reach by a poor individual. Good thing is, cryptos are invented. Not only cryptos can be used as a currency, people can also treat them as an asset.

What is great on them is that we can be able to buy even at smaller quantities. Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.
And in investing in crypto, people can choose bitcoin or altcoin and many of them have chosen bitcoin as their main investment. To invest in altcoins, they need to have the knowledge to choose the coin because there are many coins on the market and not all coins can be upgraded in the future. This requires further analysis to find the right altcoin so that it can provide benefits for them. But they can only invest in bitcoin without owning altcoins and that is enough for beginners who want to start investing in crypto. But it's not easy to be able to benefit from investing in bitcoin because they have to have the patience to wait for the bull run to come.
When it comes to investment then it would be always boiling down into your choice because not all would really be that choosing Bitcoin because they cant able to get easy 2x or 10x with it and this is why they would
considering on touching up altcoins.It not bad since we could neither have both as long your money or investment permits you out. Challenges are common because we cant just deal with off easily without having those challenges but the main key on here is that we could certainly make out adjustments on whatever lapses or cons it does have. This is one of the risks taking factor which we should really be needing to deal off with once you do step your foot into this market. When we do speak about recognition and adoption then it is really that on process and we should really be that normally be progressing as years
passing by and this is why we shouldnt really worry that much.


Title: Re: Biggest challenges of bitcoin...
Post by: Ojima-ojo on May 24, 2023, 09:43:45 PM
Bitcoin to me have no problem with scalability at the moment and the only noticeable problem is with bitcoin user who failed to gain the necessary knowledge to push through the various ways and means of getting things done with using bitcoin as a speculative asset or daily user.

Bitcoin has been built as all one project that can be properly utilised e ed in whatever form but also must accept the fact that the availability of various tool that aids scalability and clear transactions make it clear that we must have built up enough knowledge that will enhance a stable-dealings with bitcoin.


Title: Re: Biggest challenges of bitcoin...
Post by: benalexis12 on May 24, 2023, 11:55:46 PM
It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.


Title: Re: Biggest challenges of bitcoin...
Post by: JeffBrad12 on May 25, 2023, 12:04:37 AM
bitcoin always such a good investment for long term seeing from the chart of year by year you could see its growth is linear but biggest challenge that i've seen that is really essential is its scalability.
even though its not as bad as ethereum because maybe it's not some smart contract blockchain but regardless it still have scalability concern.
added with the fact that there are ordinal that gonna make a loophole of bitcoin into some full fledged way of deploying some BRC-20 token protocol.
i'm sure this should be concern in the future since its scalability still requires some further development.


Title: Re: Biggest challenges of bitcoin...
Post by: LogitechMouse on May 25, 2023, 03:28:25 AM
I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.
Well, there's a solution for that. Increase the transaction fee for your transaction to be processed faster.
Just so you know, there are still some Bitcoin investors who are willing to pay higher transaction fees just to push up their transaction. There will always be investors who are willing to add more transaction fee just so the process of their transaction will be faster. Right now, the only solution that for the scalability issue of Bitcoin is the Lightning Network, but not that much investors are using it right now unfortunately.

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Sometimes, it depends on the mindset of the investor.

If they don't care about the pros of it like the scalability or whatever it is, they will still buy it because they believe that they will earn from investing into Bitcoin. These mostly are the newbie investors. Now if you have been investing into Bitcoin for quite some time, I guess pros and cons don't matter at all especially if you are holding it for long term. I've been investing into Bitcoin for years already, and I didn't saw the scalability issue of it as a problem for me.

Now to answer your question, it's always worth it in investing into Bitcoin as long as you know what are the risks of it.


Title: Re: Biggest challenges of bitcoin...
Post by: Lorence.xD on May 25, 2023, 05:03:01 AM
Bitcoin to me have no problem with scalability at the moment and the only noticeable problem is with bitcoin user who failed to gain the necessary knowledge to push through the various ways and means of getting things done with using bitcoin as a speculative asset or daily user.

Bitcoin has been built as all one project that can be properly utilised e ed in whatever form but also must accept the fact that the availability of various tool that aids scalability and clear transactions make it clear that we must have built up enough knowledge that will enhance a stable-dealings with bitcoin.

Same thought, it's scalability haven't been an issue to me plus it's normal for Bitcoin since it's a volatile system which it's literally changing of it's value. With it's value its true that there's a lot of methods or ways to take action to the scalability of the Bitcoin. But the only problem that I've faced is that some of that transactions literally took a lot of days before finishing the transactions itself. Sometimes it took weeks, but I think it's also normal in Bitcoin but so far that's the only problem I have faced. For sure there's people that are still learning and finding some solutions to problems that we are facing rn in Bitcoin.


Title: Re: Biggest challenges of bitcoin...
Post by: rojan on May 26, 2023, 04:19:11 PM
It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.
I think the number of Bitcoin usage is increasing day by day. Through Bitcoin we can now do almost all the different things starting from payment. Bitcoin usage is increasing day by day. It seems that at some point all people will use Bitcoin.  .But it will take a few more years. Everything is getting smarter as the days go by.


Title: Re: Biggest challenges of bitcoin...
Post by: CarnagexD on May 27, 2023, 12:22:19 PM
It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

this is true with the sector of technology booming, there is no doubt that the advancement of asset classes especially Bitcoin will rise its value significantly. I am telling this in a long term perspective. However, just be wary that anything can happen in the market. Global factor affects the price of any risky assets in the market, it could be war, inflation, or another pandemic. Bitcoin is very scalable and can be accessed in very convenient way. There is a great challenge in bitcoin, but there is also a great reward.


Title: Re: Biggest challenges of bitcoin...
Post by: Chainsmokers on May 27, 2023, 02:35:22 PM
It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.
I think the number of Bitcoin usage is increasing day by day. Through Bitcoin we can now do almost all the different things starting from payment. Bitcoin usage is increasing day by day. It seems that at some point all people will use Bitcoin.  .But it will take a few more years. Everything is getting smarter as the days go by.
The development of Bitcoin is truly amazing and I think maybe 10 years ago I never thought it would be like this,
what is certain is that the number of Bitcoin users will continue to grow and that is also inseparable from the information circulating more and more,
This is interesting and we just follow its development.


Title: Re: Biggest challenges of bitcoin...
Post by: beerlover on May 27, 2023, 08:58:15 PM
It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.
I think the number of Bitcoin usage is increasing day by day. Through Bitcoin we can now do almost all the different things starting from payment. Bitcoin usage is increasing day by day. It seems that at some point all people will use Bitcoin.  .But it will take a few more years. Everything is getting smarter as the days go by.
I agree, bitcoin will be used a lot more in the future even still, which means that we need to handle all of this transaction fee situation before we get there. I have no idea how that will be done, better minds than me are on the subject working on finding a solution to it, but I can testify that we have been late already and need to come up with something.

If we want to have more people in the bitcoin world, that requires us to have something that will make it more expensive to trade and move money around. People could do that for free in the fiat world for most cases, why would they want to prefer something that would cost them 10+ dollars to do when they can do it for free in fiat? In order to grow, we need to figure that part out.


Title: Re: Biggest challenges of bitcoin...
Post by: rby on May 28, 2023, 11:15:27 AM
At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;
  • Lightening Network
  • SegWit addresses
  • Taproot

So, this us no longer a pressing issues in bitcoin as the network has been able to process transactions very fast of not for the recent ordinals attack.
Besides, the scalability you mentioned has no relationship with bitcoin investment. Because a long term investor might only withdraw twice in 4yrs.


Title: Re: Biggest challenges of bitcoin...
Post by: erixter on May 29, 2023, 11:31:43 AM

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.


I agree with your options and opinions, and have been trading since last year. But in the coming times when the internet advancements and the technology advancement and many other web related projects come into the market, some factors must affect on to the values of BTC like, its Scalability, Volatility and market maturity, Security and hacking risks etc and will face several challenges that may impact its future while Bitcoin has gained significant popularity and recognition. In view of the comparative assessment of the market and the prevailing conditions, BTC will face some challenges till now, and I will not hesitate to say here that there is already a very good and secure system is in Place.


Title: Re: Biggest challenges of bitcoin...
Post by: Nrcewker on May 29, 2023, 05:05:07 PM
Everything has pros and cons. And for some people the cons acts like pros and vice versa. To be honest for me Bitcoins are like a boon. Bitcoins has many advantages than the traditional banks for which it gained so much popularity in short period of time. Banks are centralised and have lots of rules and regulations to follow. Moreover there are also many hidden taxes and fees. But due to the decentralised nature of Bitcoins, it gets a point here. Yes I know Bitcoin network is too slow, but to be honest, for the other advantages I am getting here, it is worth waiting.


Title: Re: Biggest challenges of bitcoin...
Post by: Dollar_Hunter on May 29, 2023, 05:46:06 PM
I can say the government, because the government is the biggest challenge for bitcoin,
if the bitcoin problem in the government is resolved then Bitcoin will really live in that country,
we know that China has given permission to Bitcoin and of course this is a good thing for Bitcoin in China,
but unfortunately in the USA it has not materialized.


Title: Re: Biggest challenges of bitcoin...
Post by: milewilda on May 29, 2023, 09:21:46 PM

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.


I agree with your options and opinions, and have been trading since last year. But in the coming times when the internet advancements and the technology advancement and many other web related projects come into the market, some factors must affect on to the values of BTC like, its Scalability, Volatility and market maturity, Security and hacking risks etc and will face several challenges that may impact its future while Bitcoin has gained significant popularity and recognition. In view of the comparative assessment of the market and the prevailing conditions, BTC will face some challenges till now, and I will not hesitate to say here that there is already a very good and secure system is in Place.
We havent seen any exploit or security issues in Bitcoin but somewhat most competitors would really be point out out about its scability issue which most projects are trying out to patch up and resolved  that kind of problem, but it did really make out such changes or kicking out Bitcoin into its place? None of them did succeed on which it did really still able to sit on the top of the markets despite of those flaws and this does really prove out that community support would be always the biggest consideration about on projects success. Also if we do speak about that irreversible transaction is already that something revolutionary and this is why
its not really that surprising that it is really that mainly been loved by those people who are engaging into crypto. Challenges is there but doesnt mean that it would really be over for Bitcoin
to fly with colors even into the future.


Title: Re: Biggest challenges of bitcoin...
Post by: bettercrypto on May 29, 2023, 11:28:14 PM
The only thing that worries other bitcoin holders right now is that the fees to make a bitcoin transaction may still be high. Now, if you ask if it is still a wise decision to invest in bitcoin, my answer is yes.

Although there are some things that I still consider that should be considered in the risks that can be faced with Bitcoin, but still, of course, it is still up to us. What do we really want?

Pros and cons of Bitcoin https://www.cointree.com/learn/pros-and-cons-of-bitcoin/
Bitcoin transaction fees have come down to a somewhat normal level now that it is possible to make transactions in Bitcoin if desired. And those who invest I don't think the transaction fees for investing are huge. Investing in Bitcoin is always a good decision because Bitcoin can be trusted more than other currencies. If the advantages and disadvantages of Bitcoin are discussed then the advantages of Bitcoin will be more in comparison. Most people think that investing in Bitcoin is very risky but investing in Bitcoin is not only risky but investing in any other platform is very risky. All things considered, investing in Bitcoin is wise.

I pretty much agree with what you said that investing in Bitcoin is a smart choice because it's really proven. I have not seen anything over time that its value has decreased, instead every time there is an upcoming bitcoin halving there is always a rally in the price of Bitcoin in the market.

      Especially now that the halving is coming up next year where many bitcoin communities hope that its value can reach 100k$ or more depending on the demand. And for now, everything is back to normal when it comes to transaction fees.


Title: Re: Biggest challenges of bitcoin...
Post by: awik p on May 30, 2023, 02:56:15 AM
The only thing that worries other bitcoin holders right now is that the fees to make a bitcoin transaction may still be high. Now, if you ask if it is still a wise decision to invest in bitcoin, my answer is yes.

Although there are some things that I still consider that should be considered in the risks that can be faced with Bitcoin, but still, of course, it is still up to us. What do we really want?

Pros and cons of Bitcoin https://www.cointree.com/learn/pros-and-cons-of-bitcoin/
Bitcoin transaction fees have come down to a somewhat normal level now that it is possible to make transactions in Bitcoin if desired. And those who invest I don't think the transaction fees for investing are huge. Investing in Bitcoin is always a good decision because Bitcoin can be trusted more than other currencies. If the advantages and disadvantages of Bitcoin are discussed then the advantages of Bitcoin will be more in comparison. Most people think that investing in Bitcoin is very risky but investing in Bitcoin is not only risky but investing in any other platform is very risky. All things considered, investing in Bitcoin is wise.

I pretty much agree with what you said that investing in Bitcoin is a smart choice because it's really proven. I have not seen anything over time that its value has decreased, instead every time there is an upcoming bitcoin halving there is always a rally in the price of Bitcoin in the market.

      Especially now that the halving is coming up next year where many bitcoin communities hope that its value can reach 100k$ or more depending on the demand. And for now, everything is back to normal when it comes to transaction fees.
to support that belief we must have knowledge of bitcoin, so that we have a foundation in holding bitcoin as an investment. with good knowledge, if the schedule or prediction for the increase in bitcoin is not as expected, then we don't give up, and can relax in dealing with it. it seems simple, but it's hard for everyone to do considering that there are still many people who experience losses in investing, that means a lack of knowledge and psychological stability, or even the initial goal is to get big profits in a short time


Title: Re: Biggest challenges of bitcoin...
Post by: irhact on May 30, 2023, 08:04:56 AM
At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;
  • Lightening Network
  • SegWit addresses
  • Taproot

Scalability is still a problem as it hasn't been totally eliminated, the solution you listed has done well to fasten the confirmation rate of Bitcoin but it hasn't brought about a permanent solution and they aren't been adopted because of the complexity of the solution. We haven't reached the full capacity of transaction that other online payment processors make and how fast those transaction are been done

I'm not saying those payment system are better than Bitcoin but when Bitcoin will start processing transaction in those number it'll become a problem as the network will become congested and the price for fees will start to rise again as individual increase fees for faster confirmation.


Title: Re: Biggest challenges of bitcoin...
Post by: danherbias07 on May 30, 2023, 08:37:57 AM
"What makes it difficult to invest with Bitcoin?"

Maybe I am too old at watching Bitcoin because recently I don't see anything difficult about it. It's the easiest way to invest. You don't need any broker, you don't need to fill out a lot of forms, TOS, contracts, or whatever they will make you write just to approve your investment.
Go to a trading site, P2P, or other legal ways and then buy Bitcoin. That's it. You are the owner, the manager, and you will have the right to sell it whenever you want, trade it, or just store it if you feel like there's a chance it could make better profits in the future.
What is so difficult about that?
When it comes to reputation, there's nothing to be scared about anymore. A lot of people are buying it continuously while some are holding it long-term which means the value could not depreciate that fast giving an opportunity for others to sell if they feel like a dump will happen.
About transactions, well there are bumps about the fees but it goes back to normal when the heavy traffic subsides.


Title: Re: Biggest challenges of bitcoin...
Post by: bitgolden on May 30, 2023, 09:09:53 AM
I can say the government, because the government is the biggest challenge for bitcoin,
if the bitcoin problem in the government is resolved then Bitcoin will really live in that country,
we know that China has given permission to Bitcoin and of course this is a good thing for Bitcoin in China,
but unfortunately in the USA it has not materialized.
This is both true and wrong at the same time and not many people realize what you realize. I mean it is not a problem because government can't really change much about bitcoin itself, but it is a problem because they could ban you to use it, that alone is a huge problem right there. Doesn't mean they will, looking at most nations they are fine with it so I do not think that it will have anything big anytime soon, but it also doesn't mean that it will stay neither.

I personally believe that the best thing about the current situation is that they are not meddling with crypto all that much, they find it just too far away as a threat so they are fine with it. But what happens when we grow even bigger? What happens when people start to prefer crypto over stocks?


Title: Re: Biggest challenges of bitcoin...
Post by: Bitcoin_people on May 30, 2023, 11:50:27 AM

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

By investing in Bitcoin you can make transactions very easily and quickly which will benefit you a lot. If investing in bitcoins, you must be tolerant of bitcoins. You can invest in Bitcoin as you will definitely have it as a future asset. Currently, various transactions can be done very easily with Bitcoin, due to which various banks pay in Bitcoin for transactions. So you can invest and hold bitcoins by looking at the market position with confidence. There are no particular challenges to be faced in investing in Bitcoin as there is no risk of loss. If you invest in Bitcoin, you don't have to go through hard times, you will definitely get profit.


Title: Re: Biggest challenges of bitcoin...
Post by: xSkylarx on May 30, 2023, 12:02:49 PM

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

By investing in Bitcoin you can make transactions very easily and quickly which will benefit you a lot. If investing in bitcoins, you must be tolerant of bitcoins. You can invest in Bitcoin as you will definitely have it as a future asset. Currently, various transactions can be done very easily with Bitcoin, due to which various banks pay in Bitcoin for transactions. So you can invest and hold bitcoins by looking at the market position with confidence. There are no particular challenges to be faced in investing in Bitcoin as there is no risk of loss. If you invest in Bitcoin, you don't have to go through hard times, you will definitely get profit.

But still, it is not for everyone, like the soft-hearted or faint-hearted, because the price is very volatile, meaning it goes up and down, and for those who tend to get emotional, there is a possibility that they will sell it off early and can't get hold of it. Also, it doesn't mean that if you invest in it, you will gain 100% profit because you still need to learn a lot about it before investing, and mostly those who gain profit are those who hold it for a couple of years and not those who easily get panicked when the price drops.


Title: Re: Biggest challenges of bitcoin...
Post by: DiMarxist on May 30, 2023, 12:38:58 PM
There are several platforms out there that offer services to this bunch of risk receptive crypto traders. In case of the growing options of platforms available to traders that fall under this category, we have decided to do a comprehensive review of crypto margin trading, what it means, and all you need to know before adopting it. In light of this, you should gauge your propensity to take risks, as well as the platform's offerings, before choosing the one that is the most suitable. Also, it doesn't mean that if you invest in it, you will gain 100% profit, because you still need to learn a lot about it before investing.


Title: Re: Biggest challenges of bitcoin...
Post by: rby on June 01, 2023, 07:23:13 PM
At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;
  • Lightening Network
  • SegWit addresses
  • Taproot

Scalability is still a problem as it hasn't been totally eliminated, the solution you listed has done well to fasten the confirmation rate of Bitcoin but it hasn't brought about a permanent solution and they aren't been adopted because of the complexity of the solution. We haven't reached the full capacity of transaction that other online payment processors make and how fast those transaction are been done
Yea, and there will never be a time that bitcoin will be 100% scalable and its transaction very seamless or as fast as xrp. Again, the complexity of the network and the solution it profers is for the security of the network.
However, the developers are tiredlessly working to improve the system and there is a remarkable improvement over the decade. Before, bitcoin will click another decade, many things will change for good.


Title: Re: Biggest challenges of bitcoin...
Post by: darewaller on June 02, 2023, 09:55:16 AM
There are several platforms out there that offer services to this bunch of risk receptive crypto traders. In case of the growing options of platforms available to traders that fall under this category, we have decided to do a comprehensive review of crypto margin trading, what it means, and all you need to know before adopting it. In light of this, you should gauge your propensity to take risks, as well as the platform's offerings, before choosing the one that is the most suitable. Also, it doesn't mean that if you invest in it, you will gain 100% profit, because you still need to learn a lot about it before investing.
So that is what you consider the biggest challenge of Bitcoin?
I think that is only one of the challenges of a Crypto/Bitcoin trader but not totally the Bitcoin itself. Although there are other bigger challenges than that, and that is on how to analyze or read the market properly so that they can be able to benefit greatly from the market swings.

Choosing a platform is only easy because we can just read the reviews of it, if not we can also test it by a few amount. That's it. Investing is different from trading. It is less risky so earning 100 percent of profit is possible as long as the investor is willing to wait for the coins value to pump large enough.


Title: Re: Biggest challenges of bitcoin...
Post by: ShowOff on June 02, 2023, 06:30:37 PM
In terms of investment, the biggest challenge faced by investors is how to keep their assets safe even though many people consider them to be quite safe. Even a big investor is unsure of his own security measures without involving an expert to provide him with the best security measures. Some of them also have to trust in a centralized platform due to uncertainty about the security of the wallet they control when the number of bitcoin they own is worth millions of dollars.

I don't think the transaction fee will really interfere with their investment plan because this fee can always fluctuate. Even I can say that $16 as transaction to move 127,351 btc is verry low fee for big investors.

Check out this tx: https://blockchair.com/bitcoin/transaction/6345aad1147bee45c9b35c58e043459d45c122a52de57ee596dad5917a0c5855


Title: Re: Biggest challenges of bitcoin...
Post by: Faisal2202 on June 02, 2023, 09:48:51 PM
So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I know i am replying late but your main concerns seem to be about the ordinals problem which had congested the network with so many transactions that the BTC blockchain is taking days to clear that congestion and in the period more transactions keep coming and increasing the congestion. Well, you are totally right about one thing that BTC has some scalable issue that needs upgradation one is processing/validation of transactions at a faster level so that mass adoption of it could occur. For example, i have talked about it a few times (https://bitcointalk.org/index.php?topic=5446752.msg61997848#msg61997848) before but let's talk again If El-Salvador uses BTC and makes many transactions in a day like if 90% of their total population makes transactions on the BTC blockchain then it will take 10 to 12 days to process those transactions which means if we currently watching congestion on BTC mempool explorer 12 days and it will become 22 days then.

I had talked about it earlier too, when the ordinals are not released yet but many there was news going around on many news websites that developers are working on deploying tokens onto the BTC blockchain. (Source (https://bitcointalk.org/index.php?topic=5446752.msg61997591#msg61997591))

Now coming back to your query about investing in BTC then it is a totally different thing from an ordinal issue because for some people it is a problem or loophole or issue from which other people no wonder are earning a lot but they hate it and then there is another group of people who supports ordinals it includes many devs too. The point is, BTC is here to stay long and ordinals is just an upgradation that will bring more improvements in BTC no matter how it is impacting it now because, for those it is an error, they will try to come up with solid solutions that will make it better then before.


Title: Re: Biggest challenges of bitcoin...
Post by: ningrum on June 04, 2023, 04:25:31 AM
At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;
  • Lightening Network
  • SegWit addresses
  • Taproot

Scalability is still a problem as it hasn't been totally eliminated, the solution you listed has done well to fasten the confirmation rate of Bitcoin but it hasn't brought about a permanent solution and they aren't been adopted because of the complexity of the solution. We haven't reached the full capacity of transaction that other online payment processors make and how fast those transaction are been done
Yea, and there will never be a time that bitcoin will be 100% scalable and its transaction very seamless or as fast as xrp. Again, the complexity of the network and the solution it profers is for the security of the network.
However, the developers are tiredlessly working to improve the system and there is a remarkable improvement over the decade. Before, bitcoin will click another decade, many things will change for good.
especially when the BRC-20 token arrived on the Bitcoin network and caused transactions on the Bitcoin network to slow down,
I used to like trading on Bitcoin because the fees were small but now the fees from Bitcoin are very large and it's even the same problem on the Ethereum network.
and the other biggest challenge is in the government of a country because if Bitcoin is banned then of course it will have an impact on the price of Bitcoin itself.


Title: Re: Biggest challenges of bitcoin...
Post by: phantailaptopbl on June 07, 2023, 06:27:53 PM
At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;
  • Lightening Network
  • SegWit addresses
  • Taproot

Scalability is still a problem as it hasn't been totally eliminated, the solution you listed has done well to fasten the confirmation rate of Bitcoin but it hasn't brought about a permanent solution and they aren't been adopted because of the complexity of the solution. We haven't reached the full capacity of transaction that other online payment processors make and how fast those transaction are been done
Yea, and there will never be a time that bitcoin will be 100% scalable and its transaction very seamless or as fast as xrp. Again, the complexity of the network and the solution it profers is for the security of the network.
However, the developers are tiredlessly working to improve the system and there is a remarkable improvement over the decade. Before, bitcoin will click another decade, many things will change for good.
especially when the BRC-20 token arrived on the Bitcoin network and caused transactions on the Bitcoin network to slow down,
I used to like trading on Bitcoin because the fees were small but now the fees from Bitcoin are very large and it's even the same problem on the Ethereum network.
and the other biggest challenge is in the government of a country because if Bitcoin is banned then of course it will have an impact on the price of Bitcoin itself.


At now we discuss about investing BTC and then it is a totally different thing from an ordinal issue because for some people it is a problem or loophole or issue from which other people no wonder are earning a lot but they hate it and then there is another group of people who supports ordinals it includes many devs too , And this is a mistake and find out to make a correction and before having do correctly done .


Title: Re: Biggest challenges of bitcoin...
Post by: Lanatsa on June 07, 2023, 09:47:09 PM
At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;
  • Lightening Network
  • SegWit addresses
  • Taproot

Scalability is still a problem as it hasn't been totally eliminated, the solution you listed has done well to fasten the confirmation rate of Bitcoin but it hasn't brought about a permanent solution and they aren't been adopted because of the complexity of the solution. We haven't reached the full capacity of transaction that other online payment processors make and how fast those transaction are been done
Yea, and there will never be a time that bitcoin will be 100% scalable and its transaction very seamless or as fast as xrp. Again, the complexity of the network and the solution it profers is for the security of the network.
However, the developers are tiredlessly working to improve the system and there is a remarkable improvement over the decade. Before, bitcoin will click another decade, many things will change for good.
especially when the BRC-20 token arrived on the Bitcoin network and caused transactions on the Bitcoin network to slow down,
I used to like trading on Bitcoin because the fees were small but now the fees from Bitcoin are very large and it's even the same problem on the Ethereum network.
and the other biggest challenge is in the government of a country because if Bitcoin is banned then of course it will have an impact on the price of Bitcoin itself.


At now we discuss about investing BTC and then it is a totally different thing from an ordinal issue because for some people it is a problem or loophole or issue from which other people no wonder are earning a lot but they hate it and then there is another group of people who supports ordinals it includes many devs too , And this is a mistake and find out to make a correction and before having do correctly done .
I do have also the feeling on the time that BRC-20 would be the next narrative then pretty sure it would be flooding out in the market and would really be the main reason on why it would clogged up the network again but just like on what mentioned above those LN approach then we might not be able to worry up such condition or situation.We've seen on how the network had been completely affects out the entire chain tx confirmations on which the fees made up high once again which we havent seen for a while on previous years.

Challenges and other criticisms which do really focuses out on Bitcoins flaws is never been new. They do keep on elaborating those flaws but still ends up on seeing Bitcoin sitting on that #1 spot just
because the community is really that mainly been supporting int. There's no way that it could be easily be replacen on the top spot. Challenges would really be neither on the technical side of things
and next would really be that regulation and legality aspect which it is really the main problems thats needs to be faced up.


Title: Re: Biggest challenges of bitcoin...
Post by: blockman on June 07, 2023, 10:27:26 PM
Regardless of those challenges, speaking of my experience, it's always been worth it to invest in Bitcoin. But this do require a lot of patience and a lot of work in progress before you can finally see that it's worthiness.

It seems to me that bitcoin itself is a challenge. One has only to remember how many times the price has changed over the past year, for example. I think traders understand this))
Even investors understand that but it's nature of Bitcoin that can't change. The volatility itself is one of the best qualities of bitcoin for which many are seeing how one can earn from it and use it as an investment or asset.


Title: Re: Biggest challenges of bitcoin...
Post by: Lida93 on June 08, 2023, 11:14:33 AM

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

https://www.google.com/url?q=https://mint.intuit.com/blog/investments/pros-and-cons-of-bitcoin/&sa=U&ved=2ahUKEwiZqMKO7fn-AhULUcAKHXi7CvYQFnoECAQQFA&usg=AOvVaw0WbZ-GFopDbGQkRs7kS0nf
It's due to these associated challenges and difficulties about bitcoin that's why newcomers are enjoined to get to have good understanding of how bitcoin works the pros and cons of it. Particular the volatility and the irreversibility of the coin are key issues most entrants into the industry ain't giving the awareness about by those that introduce them to it. All you mostly hear is invest, invest and hodl. A proper way to start with should be about the scalabilities and challenges involved first.