what are the common challenges for bitcoin user?

[jhache]

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.

[bmirror83]

For me , it is its ambiguity of the what it is exactly. It started more like it was a tradeable tool but has become an investment tool mostly. People i think wait for it to be used totally available as tradeable option.

[pabpete]

I think instability is the major challenge here, because you can just wake up one morning to find out that your 100 BTC has fallen down to 10 BTC, when you must have made plans for it.

If I choose to store money in bitcoin, its buying power could climb or fall significantly by the time I leave. Most people simply don't want to deal with that level of currency risk. Before bitcoin achieves mainstream adoption as a currency, I believe the price is going to need to become much more stable.

[SingAlong]

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?

These are the list of common challenges that bitcoin may encounter:
1. Low security level, scammers are everywhere that's why it is very risky to invest a huge money in bitcoin.
2. Slow transaction and high charging fees
3. Use it for illegal doingds
4. Unpredictable price
The only way to prevent and face those challenges are we should be more careful on what we are doing and accept yge fact that bitcoin is too risky.

[upinros]

Some challenges you have to face the fact that Bitcoin prices will never remain the same and will surely rise and fall from time to time. Another is that Bitcoin can be obtained easily but not considered money. Over time more and more people are finding out about Bitcoin and more of them are starting to use it. some traders and some users and they all make the ecosystem grow.

[jovs]

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?

In that almost a decade of existence, bitcoin has already faced and eventually survived numbers of challenges, including attacks from the government who claimed that bitcoin is a treat to the economy. Bitcoin has become a target of prejudice and fake news, People who are greedy tried to use bitcoin to persuade other people to get money from them illegally. They are riding the popularity of bitcoin to fool other people. Let us be more aware of the true purpose of bitcoin and how it actually works. In a way, it will protect the entire system including us who are into the bitcoin community.

[davison2]

I think instability is the major challenge here, because unlike the regular bank you can just wake up one morning and find out your supposed 1000 BTC has reduced to 100 BTC, when you must have made plans for it.

[jake zyrus]

First is that it is risky to go into. At times, it goes down but sometimes it bounces back. None of us know what will happen in this cryptocurrency and I think that is the biggest challenge every btc user faces.

In every investing have risk but if we think that risk we cannot be successful in the future. The challenge of bitcoin is the value we can't predict when it down or up but all investors are optimistic that bitcoin will win and rise and brings happiness to all his investors.

[karamanacar]

Well, since bitcoin is gaining too high value in the market, it tends to banned in some countries because of imbalance in the economy. It will be hard to transact since there are some regulation that prohibits its existence.

[Kimbohh]

Every bitcoin user has faced the price wherein it goes up or down so rapidly every single day. It may gives us headache to think too much when is the good time to trade or just hold.

[saiful1234]

The most challenges for bitcoin user that need to face is when the price is moving higher and lower with fast.They cannot control their emotion to see the price.We all know that bitcoin is not us freely accepted all over the world.More people are finding out about bitcoin and more of them are starting to use it.

[mkcube]

I think the most common challenge if a bitcoin user is to face the price market is going down or high as fast as they can. You cannit predict when or how ut works. You cannot control and also our emotions for seeing the price gies up and up. I couldnt imagine myself when the price last time goes to up faster.

[Daniel91]

I think that common challenge for bitcoin user is how to report tax from bitcoin income.
In the most countries bitcoin is not recognized as money or financial asset
So, how to report tax is really very difficult question.

[Khupeha]

the most acute problem is mentality and loyalty, people have stopped trusting new technologies, especially when when it comes to finance

[Jessy Mediola]

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 many challenges that every users has experienced one of this is the volatility of bitcoin. Volatility of bitcoin is good when you perform it in smart way. You will buy at a low value and wait until it reach your satisfaction. But today the value is not that good since 5 months straight the value is always in low. To prevent it, don't always look for the value, instead trust bitcoin.

[ram64GB]

For me the challenges that Bitcoin is still facing is  widely acceptance. Bitcoin isn't still widely used and some countries are even banning it. If some major online retailers will accept Bitcoin to be one of its payment system, it could be a big help on adoption of Bitcoin.

[ngusmin]

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 most common challenge for bitcoin users is the bitcoin price movement where bitcoin can go up and down, and for that bitcoin users have to prepare for bitcoin price movement.

[rockerzofIco]

I think most common challenge is Security, CloudFish developed a security platform that enables companies and individual users to secure their assets stored in the cloud using blockchain technology. it use machine learning algorithms to automate threat detection and control before it becomes a risk to the security of users’ assets.

[Tang lancip]

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 of facing bitcoin Is have a potential
For theft it exist that make bitcoin virtually is impossible to steal
But require significantly more effort on the part of users
And with online bitcoin wallets there some chance
That the currency could be stolen and its happened.

What you say is not wrong, there are often errors about theft and security hacking that occur in different exchanges and businesses.
but security systems have evolved quickly, such as wallet encryption, offline wallets, hardware wallets, and some signature transactions.

[parlerm]

There is no big challenges of BTC. The only challenge is price drop. It's such problem if people do panic sell and it's will make profit when the price recover. I know it's hard and need some patience but we must try that.