Top 5 Concerns About Bitcoin ?

[worldtraveller321]

Just like to ask everyone out there. What are your top 5 Concerns regarding more less Cryptocurrency? not just Bitcoin in General. But more in the whole area of Cryptocurrency?

This could from regulation? Adoption? uses?

What would be your main concerns and thoughts about cryptocurrency?

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[glenntalbot]

The possibility of being hacked of course I do not know how hackers are doing it but I have read some news that they actually are doing 

[HODL2090]

All cryptocurrencies are unique, and I can group them into, bitcoin, altcoins and ICOs. These three groups face different problems, ranging, from adoption limitation, acceptance, fund raising, competition.

-Bitcoin is the top digital asset, but I feel it is limited by the obvious loop sided distribution, where very few hands hold a very large percentage of the entire supply. And the larger percentage becomes the minority.
This derails the decentralization of bitcoin.
I also fear a hijack of the currency by the inner core team or the government.

-Altcoins have the general problem of having to follow bitcoins pattern, this is good for both altcoins and ICOs in a bull market but not so during a bearish season. There's also stiff competition with developers coming up with same use cases and better ways to improve it.

-ICOs have lots of problems, limited funds, no publicity, regulations. And scam ICOs which have become prevalent.

[demenBTC]

Just like to ask everyone out there. What are your top 5 Concerns regarding more less Cryptocurrency? not just Bitcoin in General. But more in the whole area of Cryptocurrency?

there is no need for anyone to worry about cryptocurrency and bitcoin, after this there is still a lot of hope towards a better future, indeed this is the saddest bitcoin history of the year before, but all must have passed
Slow but sure

What would be your main concerns and thoughts about cryptocurrency?

I think in the future cryptocurrency will be used from all fields in the real world

[Gloverwrt]

People are profit oriented, and the number one issue faced by most is market volatility and drop in price. And when the market falls tbis leads to panic among holders. And also holders of alternative currencies.

Possible centralization is also a potential problem.
With all the FUD flying around there's no reason highlighting problems of bitcoin.
We should be thinking positive.

[TBboys]

My biggest concern is that Bitcoin has encountered 5 bottlenecks：
1. Most people in the world are still skeptical about Bitcoin. They don’t think Bitcoin is a safe and reliable payment medium.
2. The basic technology of Bitcoin still has no breakthrough progress, the transaction speed is slow, and the high fee is still widespread.
3. Some merchants who are willing to accept bitcoin payments can only accept this way limited because of the instability of Bitcoin.
4. The law is very imperfect, there are many scams in crypto's business practices that exploit the loopholes in the law.
5. In addition to its limited use in the payment field, Bitcoin is difficult to penetrate into deeper commercial activities.

[btcluisdiki]

I think that btc is unpredictable and you'll never know what will happen next. In most cases especially for the people who happen to be investing with btc for years or the early investors probably  had been able to understand how btc works as compared to the new investors where they are easily affected with the big down trend of btc. People tend to panic selling which had contributed to the fast decline due to additional more supply of btc than to it's demand. My concern is the stability of btc in which the range in the decline is so abrupt where I find it difficult to recover immediately and will take a longer time to be back to it's normal state.

[ShadowBits]

Just like to ask everyone out there. What are your top 5 Concerns regarding more less Cryptocurrency? not just Bitcoin in General. But more in the whole area of Cryptocurrency?

This could from regulation? Adoption? uses?

What would be your main concerns and thoughts about cryptocurrency?

Everybody is just expecting a huge price for Bitcoin because they really want to get a lot of money from it and doesn't expect any other rather than gaining a lot of profit from it.

[Peacemaker1994]

My top concern of bitcoin is the price value, then the global adoption level,
Who controls the prices,
Government interference, and then what the future holds

[damar09]

I can't answer this, so much cryptocurrency keeps coming and maybe you have your own answer to that ICO ICO and ICO some are fraudulent and some benefit greatly

[131tc01n]

So far I am still thinking about the legality of cryptocurrency in my country, maybe now cryptocurence is still free here but of course I still feel worried if cryptocurence is considered illegal here, because cryptocurence has changed my life and my livelihood

[kaisa]

Most people use bitcoin as an investment, even some people don't understand the technology behind bitcoin. The main problem with bitcoin is scalability, this also happens to BCH networks and the solution is hardfork. Another problem is the regulation that varies from country to country. I think that is the main problem, while other problems can be overcome by strengthening communities and building extensive networks.

[Compiler]

There are many fears with Bitcoin, but no one is hacking anything that will end this revolution, just want money. What is legalized little by little is not bad, in fact the kyc that we do in the campaigns is noticed. That makes a campaign more serious.

[chenille]

Really good question. There are indeed some concerns about cryptocurrencies, but it's very different which cryptocurrency you refer to.

One of the most problematic issues is the distribution of the total supply. It's neccessary for a good cryptocurrency to be held of as many people as possible. We all know the current problems of the fiat system; a few people hold big amounts of money (and power). A good cryptocurrencies should avoid this and be held of many participants.

It would be very beneficial to have a widespread distrubution of the total supply. And this is also an argument for Bitcoin compared to competitors which are claiming to be better than Bitcoin, like the centralized XRP product from Ripple labs.
But I'm very positive that Bitcoin and some other valuable cryptocurrencies can solve this problem and the implemention of Bitcoin has the opportunity to improve it.

[QuestionAuthority]

None! Cryptocurrencies give me a raging hard-on. Bitcoin in general makes me shoot cum balls 30 feet.

Why is it always “concerns” about bitcoin? Why not, what do you love best about bitcoin?

[Lilmon]

For me, the things that most concern me are; First of all the stability, I consider that if we never reach a normal currency stability we will never achieve mass adoption, which is another very important thing when it comes to knowing bitcoin and cryptos in general, the more people use it the more beneficial is the system.

[pixie85]

Ma main concern would be the technology failing. Bugs, viruses, not enough security, 51% attacks, ddos attacks, spammed network. As long as the technology is doing fine I have no concerns. I don't care about the price too much. Adoption will happen eventually if the coin remains reliable.

[mrcash02]

Regulations: they can be very harmful to Crypto adoption and welfare of its enthusiasts when making use of the virtual currencies. No one wants to be forbidden of using Crypto-Currency or to have to give a 'big piece of cake" to the regulators to be allowed to make use of Crypto-Currency because governments greedy.

Volatility: it's part of the game and not a problem at all, but it's a concern anyway. Investors worry about losing their money value after a hard drop in price, taking too long to recover themselves from the depreciation. It makes the investments slow down and adoption to take more time to happen.

Lack of services: there aren't many different kinds of services accepting BTC yet. It's stagnant for now, generating bad speculations about how useful Bitcoin really is as currency. Sometimes enthusiasts may think how long it will still take to have more businesses adopting Bitcoin, promoting it as currency and not purely as speculative investment.

Security: as there aren't guarantees when investing in Crypto-Currency laymen stay away from it. There are security mechanism that can be used to protect our virtual currencies, but not everyone knows how to deal with them. Besides this option, they have to trust third party services to store their money, what isn't safe anyway. So, the government has an advantage point on this matter, as they give security guarantees that are null in Crypto world.

Fake News: this is a concern everywhere. These news are like gossips, they destroy reputations without even being truth and it can take a long time to rebuild what they destroyed. In a sensitive market like Crypto-Currency, fake news can cause a great damage, it's necessary to be alert about it all the time to not fall for them.

[Jet Cash]

My buiggest concern is that I don't have enough, and I may not be able to build my holding before the next bull run.

[socksserver3]

I worry only about the limited use of btc which is not used as the payment method everywhere I would like it to be used. So I hope that this situation will change in the nearest future