naldal kaka25
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May 07, 2018, 04:49:34 PM |
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Bitcoin has been in the market for quite some time now. It has marked its name in the market. But some of the common challenges bitcoin is facing is how people adopt bitcoin
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Houseman
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May 08, 2018, 03:25:17 AM |
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The common challenges that bitcoin user facing now is the transaction time and also the transaction fee. It is hard to make decision also because the system is decentralized.
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rosepetals
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Financial aid for users: https://bit.ly/2SMY8gi
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May 08, 2018, 03:36:21 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 challenges that bitcoins are facing right now was the price votality in which if price falls holders and investors going crazy over it,most if them do panic selling inorder to cut their losses without having profit and as they dump the price continue to fall because panic selling contributes alot in the falling of bitcoins price continously.Another thing is bitcoin was being used by some fraudulent acts and illegal activities,it compromise alot on bitcoins credibility since it is a currency that has changed different lives to be wealthy. |
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cunguks
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Polkadog - Multi-Chain Defi Meme
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May 08, 2018, 03:54:58 AM |
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The most common challenge for new users is getting to know the various things of Bitcoin like which wallet to use, which trustable exchange to buy bitcoins from, how to receive bitcoins, etc. Another common challenge faced by everyone is how much transaction fees to pay so that they don't end up paying more while also getting the transaction confirmed faster.
Too many options available. Many options are not always a good thing, we may have trouble because we are confused about which one we should choose. Sometimes little choice will be better. But the facilities we want may not exist. For all these things, the solution is just one, we must learn a lot about all things related to bitcoin and still update the information in order to compare things one with another thing. |
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UchihaRukawa
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May 08, 2018, 04:02:11 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?
Cryptocurrency is rapidly being known in the whole world, that is a great news, but the real problem and what I think is the real problem is, how people would react about it, would they accept this new system?. Nowadays, many young people and young investors are accepting bitcoin and the cryptocommunity very well, but the problem is the older generation, having these new system is just too difficult for them to understand, but I believe, in time, everyone will accept this new system. |
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equoboy
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May 08, 2018, 04:18:13 AM |
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The biggest challenge here is how the government accept bitcoin and how we can do our task here and how to gain profit in spite of the value of btc now.
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melinda29
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May 08, 2018, 04:20:07 AM |
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The challenges for the users of bitcoin is the emotion. I think the emotion is the no. 1 enemy of a traders and thats how they loss money because of that. They will make greedy to sell for small amount of profit. Some users scared in news so they sell their holdings they dont know that is a fake news.
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lelylely
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May 08, 2018, 04:37:31 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?
I think the most common challenge for bitcoin users is they become panic when the value goes down, I think patience is the most challenging in bitcoin, because bitcoin users are faced with losses and profits, so time management is important. |
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wormgummy019
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May 08, 2018, 04:49:12 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?
I think the common challenges from bitcoin users is that they are in panic when the price is going down and they don't know what to do when the price is continuing to fall down. To overcome that challenge, we should stay calm and have patience and think positive that the price of bitcoin will rise again. And the other challenge is the users that believing in fake news. |
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Baby Dragon
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OWNR - Store all crypto in one app.
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May 08, 2018, 05:19:59 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?
Every bitcoin user fears the risk that they took. Surely they know the risks of any investment but there is still the fear of losing regardless how small. Even the most patient investors tends to panic sometimes. To counter this, most of them focus their attention to other things like work or family. So at least try to avoid over thinking about bitcoin and gather faith for this industry. |
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Geljames28
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May 08, 2018, 05:49:24 AM |
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There are 7 Biggest Challenges Facing Bitcoin:
1) Volatility
2) Ease of use
3) Widespread acceptance
4) Potential for theft
5) Reputation for criminal activity
6) Tax issues
7) Scalability
We can face those challenges by supporting bitcoin continuously.
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jeepuerit
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May 08, 2018, 06:53:38 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?
Emotion is the most common challenge to being able to use a bitcoin, many challenges we face when we use Bitcoin, one that we need to invest, and to wait for the right time. when using Bitcoin we also have a great time to wait for the right. |
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wishere jean
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May 08, 2018, 07:13:58 AM |
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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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mourinho hala 98
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May 08, 2018, 07:19:29 AM |
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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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enthusia
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May 08, 2018, 07:56:07 AM |
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Challenges in bitcoin is not about the threat that it might end as what prognosis of everyone. But for me the challenges everyday is the security. It is always the thing we really don't want to happen, that someone might get our virtuals real quick.
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jayarbillones
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May 08, 2018, 12:36:55 PM |
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for me 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, 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,Then if BTC will be legalized it will be used to pay online transactions.
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tanginamoo
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May 08, 2018, 12:56:34 PM |
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When I read “common challenges”, the first thing that comes in my mind is the dropping value of the bitcoin. There are some people who felt pressured and just sell their bitcoin because the value keeps goong down. But the real challenge occurs in the patience of the holder. If he/she can hold on and wait for the time for the value to rise up once again.
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Spontebob
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May 08, 2018, 01:09:32 PM |
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Some of the challenges that a person must overcome is facing the truth that bitcoin's price will never stay the same and will definitely rise and fall from time to time. Another is that bitcoin can be earned easily but not considered "sure money". It is not preventable and the only way to face those challenges is to just research more about bitcoin to gain knowledge and accept the reality that they are risking their money in bitcoin
The biggest problem faced by bitcoin user is probably the national policy that affects and may limit their usage of bitcoin. Bitcoin price that is very unstable which ncreases and decreases anytime. Risk and volatility of bitcoin prices and some of the campaigns are a scam. |
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Akupuniard
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May 08, 2018, 01:19:42 PM |
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I think that everyone who own bitcoins nowadays have many different chalanges. For me perosnaly it's high fees for transactions, in other cases need to wait a year...
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Stromspirit
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May 08, 2018, 01:42:31 PM |
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as time passes, more and more people find out about bitcoin and more of them start using it. some traders and some users and they all make the ecosystem grow. crypto is a challenge for the country's currency, is not polluted and stamped by government regulations and the biggest challenge for bitcoin holders is the frequent decline in value.
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