what are the common challenges for bitcoin user?

[Genamant]

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 adaptation and work with the market flow. Do not force stuff and just be patient. You also need to learn to let go. IF you got left behind the market do not try and make profit as you will lose money. If yo sold at profit and the market is still going up then let go. Chances are you might lose your profit if you go after it.

[1715036664]

1715036664

[kalstarzz]

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?

Today's bitcoin challenge I think is a difficult permission to get, we can get permission by never using bitcoin for crime, for that reason many governments have not yet authorized the permission to use bitcoin.
so let us first name the bitcoin.

[AntonGrishko]

Bitcoin is not used by the users what is meant for we are using as money making product buy just dumping and bumping so if the user want to spend his bitcoin without converting it into fiat is not possible yet.

[dianepot]

There is always challenges. It makes us more stronger and measures how long our patience will be. Some of the challenges I have known for having a bitcoin is
1.FUD. It is everywhere.
2.Goverment policies. We all know that there are some countries who didnt accept bitcoin as a currency. I feel pity for those people who wants to invest in bitcoin.
3.Hackers. They are also everywhere. As cryptoworld grows bigger, more hackers already been looking for targets. Your money/ assets relies on your hand. Just make sure your doing the right thing to secure all your assets to avoid those hackers.
4.High fees.
These are only few of my opinions. Patience is virtue. Have more and more patience.

[ArkiCrypto]

The common challenges for a bitcoin user are;

Legalization of the Digital Currency: Bitcoin and Altcoins. It is a fact that cryptocurrencies are not accepted and legalized by the government. Thus, it can be a hindrance to a bitcoin user if the government of the country where the user lives suddenly bans the use and being involved to cryptocurrency.

Fluctuating Bitcoin Prices. It is one of the toughest struggle of a bitcoin user could ever face, especially if that user is also an investor who put a huge amount of capital or everything they have. It's hard to get by and convince yourself to be patient if you see the price of bitcoin fall off more as time goes by and even harder to make decisions whether or not make investments during a time of hope considering in mind that it might be  only for a short term. However, if you're a firm believer of the potential of Bitcoin to produce huge profits then facing this problem can be tolerable to you than others.

Insufficient Knowledge and Troubles regarding Policies of the Forum. Being a beginner or newbie in this industry requires you to do a lot of catching up. Enthusiasm and hard-work are essential values for an user to be able to gain knowledge and preventing the user to be left behind. Given the fact that the are changes to the policies of the forum like the merit system makes it more challenging for the users of different ranks to get to the next level of their ranks.

Personally, the common challenges of a bitcoin user that may encounter within thyself is time management, patience and dedication.

[monir34]

Common challenge for Bitcoin us unstable price. Bitcoin price always fluctuate. We can't control it. But we can prevent and face this problem.  Don't sale it on down price. It's main solution is hold. You you worry and sale then you will on loss. So keep calm during fluctuate.

[BennyK]

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 has brought innovation in the world of financing  yet being faced with threats from the banks and some governments. One of the challenges is that in the absence of internet, one cannot access his wallet to make a transaction especially during an emergency. Anyway, Bitcoin is still being developed each day. We hope to see an era when Bitcoin can be used offline.

[De Suga09]

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. One of the challenges that bitcoin is facing right now is its legalization. Bitcoin cryptocurrency have no legal boundaries so some people are also hesitant to invest in it.
2. Although it is hard and seems to contradict the real sense of bitcoin, there must be a law providing some legal boundaries and legal matters about it.
3. I think if bitcoin is within the law, some people will be more comfortable in joining and/or investing.

[conceivedspoon2]

Several sites and businesses have started surrounding their businesses with bitcoin and altcoins. Funds transferred reflects immediately and it’s an open source transaction. I supposed that it’s just the usage that may be the challenge but more importantly, the volatility of the currrencies is really a challenge because it can go for or go against the investor. So, the price variation is usually a challenge for most cryptocurrency users.

[AliMan]

Several sites and businesses have started surrounding their businesses with bitcoin and altcoins. Funds transferred reflects immediately and it’s an open source transaction. I supposed that it’s just the usage that may be the challenge but more importantly, the volatility of the currrencies is really a challenge because it can go for or go against the investor. So, the price variation is usually a challenge for most cryptocurrency users.

The common challenges of bitcoin now and in the future are regulation and control or the power of government to rule out bitcoin not bitcoin will rule out the world. Maybe its a challenge to bitcoin if the government is trying to control and manipulate the whole system of bitcoin and make it favorable only to them not for its countrymen. We can prevent it to happen if we will support bitcoin and make it more powerful than people so that it the authority is on the people not in the government.

[irenegaming]

The most common challenges for a new user is finding out which wallet to use and how to use. And the most common fear for them is what if they send their bitcoins to the wrong address or lose their private keys. I think if a general tutorial was made for newbies and stickied than it would be great.

[hualangktsld841]

The biggest challenge should be the growth of the encrypted community. We all know that the price of bitcoin has changed a lot more than a few years ago, and many people say there is a huge bubble in bitcoin now, and if the community does not continue to expand but often appear FUD, it can not support the progress of bitcoin.

[AquaVitae]

High volatility, high fees and slowness make Bitcoin challenging for me. Lightning network has potential to improve coin and make it much better for everyday use.

[mangkanor]

1.what challenges are facing bitcoin?  - fully adoption i guess? because if there will be no progress bitcoin will eventually going to fade the hype it has,and most of the investors will soon lose their interest to bitcoin and cryptocurrencies
2. how we can prevent it? - spreading good words to others,help the others to start adopting the cryptocurrencies,so that there will be more people that are going to be educated.
3. how we should face those challenges? - support bitcoin and other cryptocurrencies so that the fully adoption will be much easier .

[Esteler]

I think many of the challenges / problems we face when we use bitcoins. I am sure that there is a lack of awareness among the general public and Bitcoin users. In some cases most people believe that it is illegal to use Bitcoin or it is a kind of scam or MLM scheme and the guise of other scams. In other cases, we know what happened recently after the rally, there was a wave of panic sales in the market and most newcomers experienced it.
 Actually We should build more understanding and raise awareness about Bitcoin and crypto on the ground to instill the habit of using it as a payment system. I believe that we must work on a priority on our individual level. All of these things we have to build but need a process.

[michellee]

1.what challenges are facing bitcoin?  - fully adoption i guess? because if there will be no progress bitcoin will eventually going to fade the hype it has,and most of the investors will soon lose their interest to bitcoin and cryptocurrencies
2. how we can prevent it? - spreading good words to others,help the others to start adopting the cryptocurrencies,so that there will be more people that are going to be educated.
3. how we should face those challenges? - support bitcoin and other cryptocurrencies so that the fully adoption will be much easier .

I agree with all of these answers because until now, we have a big problem to spread bitcoin in everywhere because people still don't trust with bitcoin and they only think that bitcoin will finally scam them. although we are giving an explanation about bitcoin and we tell them that bitcoin will be our new way to search a new income, they still don't believe in bitcoin and only a few people that open their eyes to accept bitcoin as a new way. but soon, after the price increase higher, I am sure that many people will realize about this and they will come to the bitcoin and do like what we did so far and bitcoin will be worldwide.

[Mateo123]

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 only challenge facing to all bitcoin users is that, the ups and downs of the price in which we cant help about it and the only thing we can do is to take a RISK, we can face and prevent it by accepting the fact and thats the reality ,dont lost hope and not giving up to take the challenge.

[muyizz]

The challenges bitcoin users faces include
1. Hacking a payment gateway
2. User address error
3. Loss of a wallet file
4. Insecure ICOs

[atutay]

Here are my answers and opinions regarding your question.

1.What challenges are facing bitcoin?
- In my opinion, acceptance is one of the challenges that bitcoin is facing. Yes. there are many retailers, particularly online, through which consumers can pay for transactions in bitcoin, but the digital currency still isn't anywhere close to being widely accepted.
Next is, volatility. I believe the price is going to need to become much more stable.
And third, Tax issues. Bitcoin and other digital currencies is considered to be "intangible property," which means they're subject to capital gains taxes. Which we all know, it is one the issue of every government worldwide.

2. How we can prevent it?
- To prevent it. we, the current bitcoin users and community must promote, support and continue to prove that bitcoin has a high potential as a digital currency and has good usage among the community and it will benefit all people.

3. how we should face those challenges?
- As I have mentioned above, we must continue to support and promote bitcoin and other cryptocurrency for its complete acceptance.

[bitcoinskyrocket09]

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 challenges that the bitcoin faces are safety of their account because there have a risk that your account can be hacked by someone. Bitcoin users should be careful all the time. And the up and down of bitcoin value is also a risk to every bitcoin users.