ahilees palu son
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April 29, 2018, 10:07:57 AM |
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i see the main challenge for bitcoin user is hacking of wallets that the major threat every bitcoin user face
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Bellator
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April 29, 2018, 10:14:49 AM |
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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 main challenge on bitcoiners facing everyday is the fears of losing investments..or bitcoin and other altcoins would eradicate.We know that there were risk involve in investing in cryptos but we're all here to profit.To overcome this fears we must have strong hands to hold investments.We must be strategic and wise inorder to profit for our famikies brighter future. |
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putrisa
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April 29, 2018, 10:21:47 AM |
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I think the challenge shown by bitcoin is whether bitcoin could be a solution in the future and another challenge is from the increasingly expensive shipping cost if the bitcoin price becomes expensive then the shipping cost also becomes very expensive.
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cyriljundos
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Bitfresh - iGaming with 90s UI
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April 29, 2018, 10:26:56 AM |
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the common challenge we have for bitcoin users is that the bitcoin price drops suddenly but we still do not quit as a bitcoiners we do not give up. the singers do not win the winner does not shout that the bitcoiners are just patience
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emath7
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April 29, 2018, 10:37:42 AM |
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The biggest obstacle in front of Bitcoin is that some people make unknowable comments and misguided people. The first fruit of Blockchain, Bitcoin, has some features. These features can be seen as negative. People criticize Bitcoin for these features. But with these features many things will change. The days, the trading times, which finds months, will shorten. Unnecessary costs will come to an end. It has many features like this. We should know the digital money well. We should not give importance to unconscious interpretations. Do your own research. Your comments belong to you. Do not be influenced by others...
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Liternyy
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April 29, 2018, 10:42:29 AM |
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the only problem at this time, I think so this is only a limitation in some countries, but this is not prolonged by people and there are ways to invest in bitcoin. and besides all these restrictions are just a matter of time, these two countries will not prohibit bitcoin in the meantime, as practically all over the world the crypto currency is already used, they will understand that this prohibition hinders the development of their economy, which will affect negatively ... so that this is in principle not so much a problem as a matter of time.
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kjnfmplm
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April 29, 2018, 10:48:19 AM |
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1. What challenges are facing bitcoin?
I think the main challenge that Bitcoin is facing right now is the number of people who uses it. Since Bitcoin is not really widely used in the whole world. So, I think that it is the main challenge in the long run. Another is the reputation of the Bitcoin. Because of the issues, banning, and scams involved in Bitcoin, it is a problem to attract the upcoming investors.
2. How we can prevent it?
Well, we can't prevent it now since it is existing today, the best we can do is to have a solution to these problems.
3. How should we face those challenges?
I think that for the whole world to use Bitcoin, we need to establish the reputation of Bitcoin. And have a lot of improvements. Like, the fees and transaction speeds.
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clairdelune
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April 29, 2018, 10:53:03 AM |
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The common challenges of the BTC that I know is the price then the adoption in one country. Then if BTC will be legalized it will be used to pay online transactions.
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arienna23
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April 29, 2018, 11:17:17 AM |
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Scalabilty. The problem of scalability arises due to Bitcoin’s nature of essentially having a limit on the number of transactions that can occur within a certain time frame. This limit is placed in order to prevent the blockchain size from spiralling out of control. As of now, the network has never hit this limit, but it will happen eventually if Bitcoin becomes a mainstream form of payment.
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gabbie2010
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April 29, 2018, 11:35:35 AM |
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As a bitcoin user I have faced many challenges of scalability most often when I want to send a bitcoin from a cross platform especially from blockchain wallet to paxful wallet due to delays, as a trader most of my fellow users always demands for a swift transaction which is hardly achieved without increasing the transaction fee.
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zynan
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Staker.network - POS Smart Contract ETH Token
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April 29, 2018, 11:42:53 AM |
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The common challenges that we can face for holding bitcoin is of course the every price drops that happens all the time and also the banning of bitcoin in some countries. It is very frustrating to see that you bought a bitcoin in high price then you're assuming to get a profit but unfortunately after you bought it, the price goes down. But as a holder you need to face this challenges with patience and trust for bitcoin.
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coinmaster241
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April 29, 2018, 12:17:03 PM |
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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 biggest bitcoin challenge is the government policy in the world related to security issues of a country, if all governments in the world don't receive the bitcoin physically or nonphysically it will be bad for bitcoin / crypto. To prevent this from happening I think back to the holders of the crypto itself. want to make crypto as the future or for profit now only. if view of the holders of crypto in the future it will be preserved usefulness and value. |
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simpleholmes
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April 29, 2018, 12:18:34 PM |
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i think the main challenge that btc is facing are the greedy investors who want huge returns in a small time period thus making the price even more volatile and using it as an asset or way of income.
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venlo
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April 29, 2018, 12:28:50 PM |
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The common challenge for all bitcoin users is: the tremendous amplitude of bitcoin volatility is unstable. The government does not recognize bitcoin and other types of digital money as a means of payment and therefore, all Bitcoin payments in the economy are presumed to violate the law and may be subject to criminal proceedings. The electronic money market is degraded as multi-level.
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kirito1614
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April 29, 2018, 12:38:02 PM |
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The most essential test looked by bitcoin clients is the bitcoin value change that is so dynamic each time that they should have what it takes to peruse the outlines if putting resources into the here and now. With respect to different difficulties is the ascent of negative news about bitcoin and bitcoin clients ought to have certainty that bitcoin can get by from FUD news that is probably going to influence the development of bitcoin costs in the market. I additionally gained from companions who have long involvement in this crypto and the way to confronting the test is to be patient and sit tight for the perfect time to profit by the speculation we do on bitcoin.
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Theonethatgotaway
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April 29, 2018, 01:28:16 PM |
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The common challenge for all bitcoin users is: the tremendous amplitude of bitcoin volatility is unstable. The government does not recognize bitcoin and other types of digital money as a means of payment and therefore, all Bitcoin payments in the economy are presumed to violate the law and may be subject to criminal proceedings. The electronic money market is degraded as multi-level.
The common challengers that a bitcoin user faces is the volatility of bitcoin and its very risky as we all know that not all people are risk taker. Potential for theft not by hacking because bitcoin is build through blockchain technology but it is when you left or lose your private key. Also using bitcoin in illegal practices like buying illegal guns and drug or paying for an illegal services. |
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PINAGPALA
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April 29, 2018, 01:36:04 PM |
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I think the ups and down of market the si the common challenges for me when i have bitcoin the market price is going down and when i dont have the market price is goin up
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cryptokath19
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April 29, 2018, 02:07:02 PM |
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Being a holder of bitcoin, these are my answer in my own opinion regarding to your questions
1.What challenges are facing bitcoin?
For my opinion, bitcoin have many uses especially in paying bills, sending bitcoin to another bitcoin users but the one thing is, some people dont know the importance of bitcoin and some are saying that bitcoin is a scam. Yes bitcoin is risky but after that you will gain especially when bitcoins rise
2.How we can prevent it?
Any problems has a solution, but it has a prevention. We need to promote, tell to our social media that bitcoin has a potential cryptocurrency and it helps us in everyday lives.
3.How should we face those challenges?
As my answer in question number two, we need more to improve and continues to promote it so that bitcoin will be soon completed acceptable for all the places and countries, and also other cryptocurrency
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mxyzptlkof6th
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April 29, 2018, 02:14:10 PM |
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For me, i think the common challenges for us is the ups and down of market and the scability arises due to bitcoin's nature of essentially having a limit on number of transaction.
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yesyes18
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April 29, 2018, 09:53:14 PM |
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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?
pertaining to the first part of the question, I think the main problem still remians to be the volatility along with massive FUD, that realky affects Bitcoin to a great extent |
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