What is the obstacle of Bitcoin？

[Clearstream]

the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.

[1715149544]

1715149544

[1715149544]

1715149544

[1715149544]

1715149544

[1715149544]

1715149544

[mk4]

On the top of my head, here's a few.

• Liquidity: As liquidity is low, big market orders are expected to significantly move the price of bitcoin or cryptocurrencies in general. This is something that will be "fixed" as more money goes into the bitcoin markets.
• UI/UX/user-friendliness: Bitcoin might be easy enough to use for most of us here, but it's definitely not for non-tech savvy people(e.g. our grandparents). Especially with the handling of private keys; I don't think we can expect true global adoption if people needs to backup their recovery seed on pieces of paper.
• Misinformation/Misunderstandings: There are so much misinformation spreading about bitcoin. Namely, "bitcoin is not scarce, people can create forks", "bitcoin is only used for drugs", and many more. There's so much misunderstandings of people in social media and on television; and what's worse, is that they're spreading their misinformation! Causing a sort of domino effect on people's impressions of bitcoin.

[Gloverwrt]

The top obstacle to Bitcoin being mainstream is mass adoption. Bitcoin now is mainly purchased off an exchange.
If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.

[vedderpeterson]

I think the very main obstacle Bitcoin is facing is the fact that the public isn't recognizing it.

[Wind_FURY]

On the top of my head, here's a few.

• Liquidity: As liquidity is low, big market orders are expected to significantly move the price of bitcoin or cryptocurrencies in general. This is something that will be "fixed" as more money goes into the bitcoin markets.
• UI/UX/user-friendliness: Bitcoin might be easy enough to use for most of us here, but it's definitely not for non-tech savvy people(e.g. our grandparents). Especially with the handling of private keys; I don't think we can expect true global adoption if people needs to backup their recovery seed on pieces of paper.
• Misinformation/Misunderstandings: There are so much misinformation spreading about bitcoin. Namely, "bitcoin is not scarce, people can create forks", "bitcoin is only used for drugs", and many more. There's so much misunderstandings of people in social media and on television; and what's worse, is that they're spreading their misinformation! Causing a sort of domino effect on people's impressions of bitcoin.

There are also many more misinformation, and gaslighting being spread, like "Bitcoin bilaterally split into Bitcoin Core and Bitcoin Cash, and therefore Bitcoin Cash is Bitcoin because Satoshi's vision", which was started by Roger Ver.

There are also others who post the misinformation, followed by a long post of techno-babble which would make them look very smart for a newbie. I was once a victim of this, until I did the research. Haha.

[margueritabarrutti]

Maybe the close-minded people that aren't giving Bitcoin a chance to prove itself.

[Pursuer]

many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle.

you pointed out one of the problems that bitcoin has been facing, it shows itself as volatility but at its heart it is this. bitcoin is being adopted, and as that grows the price grows and with it comes big profits. as a result it attracts a certain type of people who want that profit and nothing else. this group increase the volatility of bitcoin which was supposed to be a currency and that damages the adoption and slows it down dramatically and also makes bitcoin harder to be used as a currency.

[SnapDown22]

The top obstacle to Bitcoin being mainstream is mass adoption. Bitcoin now is mainly purchased off an exchange.
If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.

Bitcoin constraints are now a lot but I will mention only 2, namely the unstable market price and the many hackers in this world and that inhibits bitcoin and damages the bitcoin image I think that's the main problem I feel in this coin

[otong]

The top obstacle to Bitcoin being mainstream is mass adoption. Bitcoin now is mainly purchased off an exchange.
If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.

Bitcoin constraints are now a lot but I will mention only 2, namely the unstable market price and the many hackers in this world and that inhibits bitcoin and damages the bitcoin image I think that's the main problem I feel in this coin

I agree with there I also think about it so we must be responsive to the problem do not be careless in all the problems we can learn from there we must be adults also face problems

[KingScorpio]

the price of bitcoin has been changing dramatically, and many people have invested in bitcoin. And they get a generous return. these stories attract more people to join Bitcoin. in my opinion, this is precisely an obstacle. It is an obstacle for Bitcoin to be used on a large scale. It requires a stable value for a currency that is used on a large scale.

you dont want to know that, its in front of your eyes and you dont see its.

its just pumped up pow trash, world needs completely update of its financial system not marketed "crypto gems"

[dothebeats]

Worth noting is the lack of actual use-case for bitcoin since there aren't much places to spend your lovely bitcoins. Should there be a lot of places to spend, see how the amount of market growth follows and volatility reduced. We need to at least spread bitcoins to a lot of people too, so that the risk of manipulation is lessened and not easily be gamed by whales and opportunist traders.

[Indrawan77]

Its kind of true bitcoin need to be more stable if it wants to be used in a large scale, but somehow I think with the mass adoption the price could be more stable, when we able to balance the supply and demand volume then the price will be more stable, but I think the largest obstacle is the permit, regulation from the government from all countries, if they can allowed the usage of bitcoin then I think bitcoin can grow really well

[acholagi]

The top obstacle to Bitcoin being mainstream is mass adoption. Bitcoin now is mainly purchased off an exchange.
If there was an option to use bitcoin as a currency for paying salaries, and calculating how many bitcoins is worth an hour's job. This would increase circulation.
As long as BTC is pegged on Fiat currencies, it will keep being used as a speculative tool.

With or without an exchange, actually we can pay someone's salary using bitcoin, even though the rate changes, if the policy you take is an instant buy and use bitcoin only for media transfers, it's safe
Employees can get bitcoin, and sell it directly to FIAT, it is very unlikely, but surely there is a service that allows this to happen

[shursight]

The main problem that bitcoin is facing right now, is the huge manipulation that can be done by just a little group of people. I mean, someone with a few million dollars can easily move the market upsides or downsides.

It is easier to manipulate than the other markets (like the stock market, commodities, or any other thing)

[Screamshot]

The major obstacles bitcoin is facing now are low adoption, government trying to interfere, whales manipulation anr price instability

[BitcoinHodler]

• UI/UX/user-friendliness: Bitcoin might be easy enough to use for most of us here, but it's definitely not for non-tech savvy people(e.g. our grandparents). Especially with the handling of private keys; I don't think we can expect true global adoption if people needs to backup their recovery seed on pieces of paper.

maybe it is just me but i think this is no longer the case with bitcoin. it used to be a lot more complicated to use it before but nowadays there are just too many wallet alternatives and many of them are pretty easy to use specially the web accounts such as coinbase are very newbie friendly and they can even buy bitcoin through them.

[Maestro75]

The only obstacle bitcoin has is HUMANS! If only we see the good in it and work towards utilizing the blockchain technology and stop the fud and pull it down struggle bitcoin will be superb.

[yesyes18]

In my opinion I think the major obstacle we face in the space is the number of scam people have introduced into the ecosystem. During the early days, things were moving on fine until scammers thought about the malicious use of the technology and that led to people losing trust and then subsequently the bear market also came to being.

[BrewMaster]

there are two obstacles that comes to mind.
the volatility which has been a nuisense for a long time now and it is the most harmful one in my opinion specially when it is an unpredictable volatility looking more like manipulation.
the other is all the FUD about bitcoin in the media. the first obvious damage is misleading people but the secondary damage is when this misled people do irrational things such as investing in bitcoin when it is too late because they feel cheated and missed out the rise. they become the weak hands.

[TIDOVEE]

Bitcoin obstacles are more of human,the scam and the hackers especially, who has been trying to make life difficult for people who diligently worked for their reward.
Bitcoin would not be a problem of itself if people do not manipulate its specifics.
Another is about the government interference. Government trying to enforce tax on users.