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Author Topic: what are the common challenges for bitcoin user?  (Read 2035 times)
Btcmarmipp2
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April 29, 2018, 10:03:06 PM
 #181

The common challenges for bitcoin users:

1. Holding bitcoin in long term.
2. Expecting the bitcoin value will go high that will surpass the value last year.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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April 29, 2018, 10:07:04 PM
 #182

Volatility will always be a problem. Bitcoin sometimes has a bubble issue so I think it can be considered as well. Being accepted world wide is an issue as well. We need more useful way on how to spend bitcoin.

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April 29, 2018, 10:15:06 PM
 #183

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. Learning the basic trading skilss? Technical analysis and fundamentals.
2. You can prevent it by doing a lot of research because the more you read the more knowledge you will get.
3. Fearlessly,the experience will give you a certain accuracy  when it comes in trading because the  more experienced you are the more money you can make with trading.

Coin-1
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April 29, 2018, 10:39:01 PM
 #184

I guess that it is almost impossible to prevent challenges Bitcoin faced. The situation in this new economic space is very unstable. Day by day we hear a negative news about the new restrictions conducted by governments. I think that Bitcoin and other crypto currencies should adapt very fast. The main goal is that this payment technology is decentralized and can't be turned off by governments too easy.
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April 30, 2018, 02:39:42 AM
 #185

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 Common Challenges of bitcoin are those people use bitcoin to scam people.
2. We can prevent this thing if we educate Newbies and discourage them to HYIP and Ponzi Scheme.
3. Better to report also those people to the authority to have some action.

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dillpicklechips
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April 30, 2018, 03:21:33 AM
 #186

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 users was facing a challenges in this system like for a newbie the concept of bitcoin was really hard to understand and it takes time to learn the world of crypto, bitcoin price is unpredictable sometimes price is falling and rising, and lastly bitcoin was transparent for everyone that's why scammers are everywhere.
chalbinov
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May 01, 2018, 07:47:42 AM
 #187

Agreed that BTC still has a long way to go on as far as establishing itself as a strong currency. The majority of coin holders are in for the investment. Most have accepted it as the crypto gold, while comparing Ethereum to oil. Some think that the success of BTC is in the hands of the whales. Others would prefer to ignore their looming threat to the volatility of the coin. Surely further adoption, with mined coins in ownership as well as healthy usage to stimulate even further vitality and success. 

sgenuine
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May 02, 2018, 11:47:51 AM
 #188

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.

You can add to this list an extremely high Bitcoin volatility. It becomes a real problem to many users. A newbie can panic when he sees the price is falling.
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May 02, 2018, 12:15:27 PM
 #189

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?
yup you right if bitcoin still need many time before used as paying method for goods and services. bitcoin have to accepted in the world with clearly regulation to protect it, and making stable and strong position in the economy and the challenge that bitcoin has to deal with today is convincing many people if the bitcoin is safe and promising a better future, what we can do? I think make a trading be bigger and grow the bitcoin impact to economy in every country is one of the way to make bitcoin show the power and the potential so many people will more aware about it.

Paka1
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May 02, 2018, 12:33:30 PM
 #190

For me, one of the common challenges that a  bitcoin users encounter is that the price movements or its value in the market.  It changes everyrime, that prompts the user to panic buying or selling.  Another thing is that,  some users are impatient when it comes to gaining profit.  In order to prevent this issues, one must keep calm and be patient. Be calm when the prices fluctuates so that you can better understand and decide what to do.  Be patient enough because all your hardwork will be paid off when time comes.
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May 02, 2018, 12:36:25 PM
 #191

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?

There are still a myriad of challenges that are still besetting bitcoin. One of this and most notable is its inability to be stable thus proving some of the fears of most of the countries and institutions that have looked this up. As a result they have closed down on bitcoin. How we can prevent it sounds simple enough but still it needs for us to have an exerted effort and be able to raise an information drive so that we can have the people make a sound decision on the state of bitcoin

tony kurniawan
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May 03, 2018, 01:26:08 PM
 #192

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 challenge for bitcoin users is the fall of the bitcoin price itself and it can create panic for those who own, sell or hold also include challenges for bitcoin users.
elbimbo012
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May 03, 2018, 01:32:43 PM
 #193

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?
there are so many challenges for bitcoin users and to name the few are government legsl acceptance ay digital currency we all know that lot of countries still not encouraging their citizen to invest in bitcoin. another one is regulatory rules,  as of now there are no conrete regulation for every country how to regulate bitcoin and protect their investors. and so many others.

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May 03, 2018, 01:37:26 PM
 #194

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 challenge in bitcoin is trust, trust is one of the mist important tool that you can use to be successful in bitcoin, if you dont have trust and bitcoin then you cant take the risk and you cant be a successful person in bitcoin. To prevent it, just give and build your trust to bitcoin so that you are not afraid on what is happening to it.

qwerty12
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May 03, 2018, 01:50:50 PM
 #195

I think the challenge for bitcoin is the adoption of payment systems. Although some online retailers have made the move to integrate bitcoin payments on their platforms, however, it seems the mainstream adoption is still a big challenge to bitcoin.
Drakula
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May 03, 2018, 01:54:39 PM
 #196

The common challenges for bitcoin users:

1. Holding bitcoin in long term.
2. Expecting the bitcoin value will go high that will surpass the value last year.
I agree with you! The most common challenge of bitcoin user is holding. We all know that not everyone in cryptocurrency world are patient, so it is really challenging for them to wait their coins to grow.
DPrillio
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May 03, 2018, 01:58:47 PM
 #197

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 challenge in bitcoin is trust, trust is one of the mist important tool that you can use to be successful in bitcoin, if you dont have trust and bitcoin then you cant take the risk and you cant be a successful person in bitcoin. To prevent it, just give and build your trust to bitcoin so that you are not afraid on what is happening to it.
Yes, trust can be a challenge for bitcoin user to avoid panic selling since bitcoin is very volatile that greatly affect its value. Security is also a challenge for every bitcoin holder as being a decentralized system then there is no other party to take charge if ever there is a problem in any transaction and lastly every holder must always be aware against internet hacker.

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May 03, 2018, 01:59:38 PM
 #198

The most common challenges that bitcoin users usually happen is the poor internet connection. If you have transaction it is delay because of the poor internet. We can prevent it if we have a good signal in our home but if you use on the internet cafe you have no choice.
ZNAQ Index
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May 03, 2018, 02:03:42 PM
 #199

Bitcoin has come a long way in the eight or so years it's been in existence, but there's still a long way to go before the digital currency becomes a widely used method of paying for goods and services. Here are some of the biggest challenges facing mainstream adoption of bitcoin.
Volatility
Ease of use
Widespread acceptance
Potential for theft
Reputation for criminal activity
Tax issues
Scalability...

The bottom line is that bitcoin and the general concept of a digital currency is still very much in its infancy, and several problems need to be solved before bitcoin achieves mainstream adoption as a form of currency. It's also important to point out that this isn't an exhaustive list - there are other challenges facing bitcoin. As one example, there's always the lingering threat of government regulation that could render bitcoin illegal in certain areas of the world.
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May 03, 2018, 02:07:13 PM
 #200

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 when the price of bitcoin is decreasing and we don't know where it will rise again. Maybe it can take two or more months to increase again. I think we cannot prevent it because it is part of the bitcoin, to decrease or increase its value. All we need to do is just trust bitcoin and wait for it to rise again. And we were happy again.
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