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Author Topic: what are the common challenges for bitcoin user?  (Read 2035 times)
Jingjess
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April 25, 2018, 11:46:04 PM
 #121

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?


The common challenges of bitcoin users is the dumping of price and we don't how far or  long we can  hold and wait until the price will become stable.

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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April 25, 2018, 11:46:29 PM
 #122

I think the most common challenges for bitcoin users is a time..
It is very hard to manage your time when you are in bitcoin industry because we all know that majority of bitcoin users
Are having different responsibilities in life .. So we must have a good managing of time.
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April 26, 2018, 02:10:31 AM
 #123

Here are my challenges being a bitcoin user:

* Patience
* Time management
*  Strong Determination
* Acceptance
Those are based on my experience being a user .
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April 26, 2018, 03:31:46 AM
 #124

I think the most common challenges for bitcoin users is a time..
It is very hard to manage your time when you are in bitcoin industry because we all know that majority of bitcoin users
Are having different responsibilities in life .. So we must have a good managing of time.

The most common challenges for butcoin users are the unpredictable market fluctuations because the market value could pump and down anytime. Another thing is when bitcoin users joined on scammed campaigns.

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April 26, 2018, 03:36:52 AM
 #125

I think there are some challenges that must be faced bitcoin, the most noticeable is the challenge of Government in some countries prohibiting the circulation of bitcoin if bitcoin can be used across the country without any restrictions the Government has certainly the price of the bitcoin became very expensive and increasingly difficult to be obtained.

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April 26, 2018, 03:39:01 AM
 #126

In my opinion, here are some of the challenges that I experienced.

1. Sometimes, I easily get hyped or get FUD on some news which aren't really confirmed yet.

2. Time / Time Management - I am not a full-time trader because I am currently working. I have some tasks in office which prevents me from focusing on trading, bounties, etc.

3. Lack of knowledge regarding Technical Analysis and Fundamentals - I still need  to learn more about it,

Btw, I am thinking of quitting my work and become a full-time bounty hunter or trader. Who knows.
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April 26, 2018, 03:44:47 AM
 #127

For me is the law in our country.
josephpogi
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April 26, 2018, 03:47:44 AM
 #128

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
For me theres a lot of challenge in bitcoin people should need to be calm even the money that they invest decreased so much because panic is the enemy in trading and if you want to become success learn so much lesson and thunk always amd dont panic
Casey7
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April 26, 2018, 03:52:07 AM
 #129

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?

Everyone can support BTC and criptocurrency at all. Even registering and participating at this forum you also can help criptocurrency development. Tell about criptocurrency your friends, tell about blockchain technology - the more people will know about cripto the more people will be interested in it
The challenge is only for spreading more word about bitcoin to make bitcoin is used for daily paymnet in offline market specially.
Bitcoin already accpeted in many market in online but now we need offline market which can accpet bitcoin in generally.
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April 26, 2018, 03:58:11 AM
 #130

The issue is security measures
SingAlong
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April 26, 2018, 04:02:12 AM
 #131

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
Bitcoin was a not a fully developed system and there are possibilities that we may encounter some as a bitcoin holder. Some of that is the bitcoin price not all the times we can experience high price, being hacked was also a common challenge we just be more careful on what we are doing and avoid opening suspicious document and file.

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April 26, 2018, 11:21:16 AM
 #132

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?


The common challenges of bitcoin users is the dumping of price and we don't how far or  long we can  hold and wait until the price will become stable.

For me, it is also the great challenge. It is almost impossible to predict when the price of Bitcoin will go up and when it can fall. You should also be very lucky and have a sense of feeling the market to sell BTC with the profit.
Sar elok
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April 26, 2018, 11:42:55 AM
 #133

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
1. A major challenge is bitcoin legalize bitcoin.
2. Pelegalan bitcoin can be prevented by selecting a head of State who support the bitcoin.
3. Endorses the decision of the head of State to legalize bitcoin.
bitcoinjasensatom
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April 26, 2018, 12:09:58 PM
 #134

First is that it is risky to go into. At times, it goes down but sometimes it bounces back. None of us know what will happen in this cryptocurrency and I think that is the biggest challenge every btc user faces.

We all know that Bitcoin has been volatile since its inception, but as the days go by Bitcoin achieves mainstream adoption as a currency. There are challenges  that we are facing  as user , the misinformation from the wel known network site, they keep spreading thier FUD that maybe some new investor will backout. Forget private key which can never retrieve anymore .
leimzdyh
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April 26, 2018, 12:12:25 PM
 #135

For me, the common challenges for bitcoin user is the different or the  undefined emotions  everytime bitcoins value is fluctuating. But that is the challenge of bitcoin. Once  you become a bitcoin  user probably you are a great risk-taker.

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April 26, 2018, 12:17:55 PM
 #136

I think one of the common challenges of bitcoin holders is that you can't predict if the price of bitcoin will rise or crash AGAIN

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airdnasxela
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April 26, 2018, 12:28:29 PM
 #137

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?
The first problem that you'll gonna face is adopting to it since you are a new user.  You need a great source of information for you to understand well bitcoin so that you will have that much problem adapting. Another problem is that bitcoin is very volatile,  and having lack of patience and easy to panicked mentality will literally take you down in this activity.
damrianto
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April 26, 2018, 12:28:54 PM
 #138

a very common challenge for bitcoin users is to run all the rules about bitcoin always post every week. what and always keep the rules provided by the respective bounty managers. and do not forget we have to keep the private key
sneeze11
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April 26, 2018, 12:48:59 PM
 #139

As we all know bitcoin has come long way in the eight or so years its been in existence, but their's still long way to go before the digital currency becomes a widely used method of paying for goods and services.
we should know.
1.what challenges are facing bitcoin?
2. how we can prevent it?
3. how we should face those challenges?




I think the common challenges for bitcoin user is the price of it. For me it is because the price of it is unpredictable sometimes the price of it will goes down or sometimes when you didn't expect it will rise. Other challenges is that when you our tired of waiting that's the time that you think to stop working on it so just like what the expert said you need your patience here so that you can earn a large amount of money.
teejayrichard2
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April 26, 2018, 02:06:42 PM
 #140

One of the challenges of bitcoin is that the price of bitcoin is not stable, the price will definitely rise and fall from time to time


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