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Author Topic: what are the common challenges for bitcoin user?  (Read 2035 times)
Astermony
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May 12, 2018, 12:16:10 PM
 #441

The most important challenge faced by bitcoin users is the bitcoin price fluctuation that is so active every time that they must have the skills to read the charts if investing in the short-term. As for other challenges is the rise of negative news about bitcoin and bitcoin users should have confidence that bitcoin can survive from FUD news that is likely to affect the movement of bitcoin prices in the market. I also learned from friends who have long experience in this crypto and the key to facing the challenge is to be patient and wait for the right time to benefit from the investment we do on bitcoin.
Yes I strongly agree with you. I think the common challenge that users are facing is the connection to internet because sometimes the wifi or data is so poor and we can't log in to our account. I think also the rules in every campaign because sometimes rules are not clear that's why other users are have doubt but it is not a big problem.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Fakrull
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May 12, 2018, 12:17:17 PM
 #442

Challenge for bitcoin users
1. New born technology
Troubleshooting challenges such as transaction speed, data limits will be crucial in making widely applicable blockchains.
2. Regulatory status is uncertain
modern currency (bitcoin and bloklckchain) which are always created and regulated by national governments that will face obstacles to the problem of adoption / adoption by existing financial institutions if the status of government regulations has not been established.
3. The emergence of its new virtual currency
with you its new virtual currency then it will be a competition on the market, could be cause low bitcoin prices down .
Raidal
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May 12, 2018, 01:54:48 PM
 #443

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?

One of the bitcoin’s challenges is the fluctuation of bitcoin price suddenly. This is because of no official government controling the movement of bitcoin itself. In addition, bitcoin doesn’t provide consumer protection insurance. A simple way, we can monitor the development of bitcoin news every day so we can take decisions from past bitcoin development. Actually,
there are many more bitcoin’s challenges because bitcoin is a new thing in currency technology.

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Piggymonster
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May 12, 2018, 03:47:23 PM
 #444

The most common challenges of bitcoin that I can think of the security from the hackers, it is because they are always finding ways to steal our hard earned coins. And the hardest challenge is the mass adoption of bitcoin, there are some countries who banned bitcoin because they are just afraid of it, the see its big potential to influence the financial system.
Bitcoinbitcoin0909
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May 12, 2018, 03:54:04 PM
 #445

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 already faced a lot of changes all over its existence but all of it was surpassed by it after a long wait. Many people thought bitcoin will not make it big today but they've eaten all their prediction as bitcoin arises still on the top. As long as we are supporting bitcoin, nothing bad will happen on it so let us keep up with it through all the challenges it is facing.

joykulot
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May 12, 2018, 04:06:20 PM
 #446

Being involved in bitcoin is a challenge by your patience, the risk to invest and buy. And you have to accept if its value drops and learn to hold and do not hurry.
kangbasir
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May 12, 2018, 04:14:57 PM
 #447

Opportunities and Challenges The tremendous technological development for me from the advantages of using this online taxi lies in the fee fee being a promising market for a small company for one, through Bitcoin pioneered by blockchain technology.
safarabela
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May 12, 2018, 04:23:17 PM
 #448

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 challenge for bitcoin users is the value of an unstable bitcoin so we must have the patience to profit from it.
pantheraio
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May 12, 2018, 04:28:02 PM
 #449

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 as a means of investment or speculation sees its extraordinary fluctuations. Buying Bitcoin at a low value and selling it at a higher value is definitely more promising in the short run than using it as a tool to buy a digital object. Maybe that's one of the challenges i can explain for bitcoin users.

Maybe skill and communication will also be tested if we use bitcoin.
dificanovi
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May 12, 2018, 05:21:10 PM
 #450

the challenge often encountered by bitcoin is a very long price reduction. if there is a decrease in the price of bitcoin then all we have to do is hold the bitcoin we have until the bitcoin price recovered. we should be able to control our emotions if bitcoin prices decrease because we can get huge losses if we can not wait for the bitcoin prices to recover.

Escan0r
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May 12, 2018, 05:40:53 PM
 #451

The challenge you must take for bitcoin users is that you must be prepared because bitcoin prices are often unstable and not predicted for the future.
AjithBtc
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May 12, 2018, 05:43:29 PM
 #452

the challenge often encountered by bitcoin is a very long price reduction. if there is a decrease in the price of bitcoin then all we have to do is hold the bitcoin we have until the bitcoin price recovered. we should be able to control our emotions if bitcoin prices decrease because we can get huge losses if we can not wait for the bitcoin prices to recover.
In simple terms user should have a clear understanding and next thing is the patience to hold the assets while the market is not good. Very few has the mentality to keep hold of it, while most of the users fear on experiencing the price fluctuations. Here newcomers were the most suffered people of all time.

wasaisisisi
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May 12, 2018, 05:53:52 PM
 #453

The challenge for bitcoin users in my opinion is that you have to be ready for the future in bitcoin because the bitcoin price is never stable as I see it.
Sandijoee
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May 12, 2018, 06:05:11 PM
 #454

Quite a lot of challenges from bitcoin. Starting from investing the challenge must be brave and not afraid to lose if bitcoin down. And 1 more that I know the challenge of bitcoin is following a signature campaign.
Kambal2000
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May 12, 2018, 06:09:34 PM
 #455

Quite a lot of challenges from bitcoin. Starting from investing the challenge must be brave and not afraid to lose if bitcoin down. And 1 more that I know the challenge of bitcoin is following a signature campaign.
We are lucky enough because we have found out bitcoin already established, imagine it during its first three years for sure a lot of people are making negative thoughts against it but look at how bitcoin has come so far right now where in a lot of opportunities it brought in the community.
Nitnit13
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May 12, 2018, 06:10:12 PM
 #456

Quite a lot of challenges from bitcoin. Starting from investing the challenge must be brave and not afraid to lose if bitcoin down. And 1 more that I know the challenge of bitcoin is following a signature campaign.
Maybe it's true that you have to be brave when bitcoin prices are falling and keep bitcoin in the long run. And I hope the bitcoin users will withstand the fears that often haunt when bitcoin prices go down.
charlotte04
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May 12, 2018, 06:12:43 PM
 #457

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 for us people that are now inside the community of cryptocurrencies are those people that are not with cryptos, they will likely not support it until they realize that true use of cryptos.
Kildin11
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May 12, 2018, 06:13:31 PM
 #458

risk of losing their money invested in bitcoin. all other problems are secondary. I would single out the second problem: the lack of an innovative proposal.
anti76
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May 12, 2018, 08:45:18 PM
 #459

the challenge often encountered by bitcoin is a very long price reduction. if there is a decrease in the price of bitcoin then all we have to do is hold the bitcoin we have until the bitcoin price recovered. we should be able to control our emotions if bitcoin prices decrease because we can get huge losses if we can not wait for the bitcoin prices to recover.
I agree with you, but this is not just a problem of bitcoin, but of all other coins.) Also I think that it's worth learning to determine the moment and selling your bitcoins and not to be in the red, then you will not have any problems)
ogini
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May 12, 2018, 08:55:24 PM
 #460

Transfer confirmation, hackers,they are the major challenge with bitcoin holders,if these challenges can be met than there will be less fear of how to handle wallet.
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