What is the obstacle of Bitcoin？

[geyayy]

There are always obstacles that against the Bitcoin and it will always be. So tomorrow when Bitcoin will 100k and if falls to 99k, you will think there is a problem again, which obstacle for BTC. Anyway decrease should have been and the current price is our joint decide so we can not blame anybody or anything.

How reactive the people are, they just thinking for a short period of time then coming up with a conclusion. Specially  to those who are new here and want an easy money. They simply invest and believe without knowing what it is hoping that the invested money will grew for just a short period of time. This kind of doings make the whole cryptocommunity bad in front of  government which leads to ban and a hindrance to a mass adoption.

[Pattart]

There are always obstacles that against the Bitcoin and it will always be. So tomorrow when Bitcoin will 100k and if falls to 99k, you will think there is a problem again, which obstacle for BTC. Anyway decrease should have been and the current price is our joint decide so we can not blame anybody or anything.

That's right, bitcoin is not the only cryptocurrency, bitcoin is not the only commodity, bitcoin is not the only currency, there are many competitors outside. of course from that we know that obstacles will always be there, they will say prices fall and will die, they will  say bitcoin is illegal and so on. we have to understand this as normal thing..

[treatWy]

For me the great obstacles of bitcoin are the following
Scammers
Fake news
Unstable system
And decentralized

Don't get me wrong about decentralized because sometimes I think of what bitcoin strength is also its weakness in some parts.

[coin8coin8]

I think Bitcoin is the biggest obstacle to novices. It is hindering the further popularity of Bitcoin. Many newcomers feel very tricky when they first start to contact Bitcoin. They don't even know how to receive and send Bitcoin. And now many exchanges do not have the cash to buy Bitcoin directly, which will make it difficult for novices to buy bitcoin.

[Shiversnow]

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

There is no problem about publicity of bitcoin simply because many people already know what bitcoin is. I think the real obstacle of bitcoin is the unstable price on market and the government who still against cryptocurrencies.

[abhi777]

I think the obstacle of bitcoin is very much the main thing is that market prices that rise and fall rapidly are very disappointing obstacles. and as for hackers who are getting smarter in a way that can break into our account to get profits easily

[ngusmin]

Bitcoin barriers are greedy human nature, and from greed that makes mass adoption and when there is growth they will sell in large scale to earn profits, and that makes the price of bitcoin very volatile.

[Oasisman]

I think the obstacle of bitcoin is very much the main thing is that market prices that rise and fall rapidly are very disappointing obstacles. and as for hackers who are getting smarter in a way that can break into our account to get profits easily

How does volatility becomes an obstacle, when its the main reason why majority of investors engaged in crypto space? And hackers cant easily access our wallets unless if you leaked your essenstial infos over the internet or if you create a wallet in an untrusted exchange, or downloaded something that could expose your private keys.

[enjotan]

In my opinion the obstacle of bitcoin is only one and the biggest, is legality, if bitcoin has got legality in all countries the price will be more stable, and the users will also be more comfortable and will not be affected by panic sell.

[Bitkoplak]

Crypto is a transaction bridge for every company that uses blockchain technology, certainly different from legitimate money in a country, and I think, this factor makes the price of Bitcoin and Altc always changing

[sscarletmzileni]

I think it's the approval of the public. Most people aren't open to it.

[mmaxswellmurugan]

I think it is the people who are not open to new possibilities like Bitcoin or the people who are afraid of trying out new things like Bitcoin.

[0t3p0t]

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.

Yeah I agree. People knows more about Bitcoin as an investment not as a new form of currency. People join the industry these days beacuse of profits they don't even tried to understand the true purpose of Bitcoin's existense as written on the whitepaper by the legendary founder Satoshi Nakamoto. Prices will be affected due to big players that manipulate the market against weaker hands with a mindset of only investments purposes.

[Boysen]

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.

Misinformation/Misunderstandings are one of the obstacles of the bitcoin. Like in my country, if they hear bitcoin; they are always thinking that it is using in a bad way like crime and other illegal activities. The misinformation is keep spreading and it is the reason why the image of the bitcoin is becoming more worse.

[TitanGEL]

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.

Misinformation/Misunderstandings are one of the obstacles of the bitcoin. Like in my country, if they hear bitcoin; they are always thinking that it is using in a bad way like crime and other illegal activities. The misinformation is keep spreading and it is the reason why the image of the bitcoin is becoming more worse.

It is true. Actually in my community I changed the perspective of the people who saying that bitcoin is scam and a ponzi scheme. I told them all of the knowledge that I learned about bitcoin and I found out that the misinformation about bitcoin is now bad because it keep spreading in our society.  

[nicko122]

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.

The instability of the price of Bitcoin is the main obstacle to its use in everyday life and widespread use throughout the world. Nevertheless, many people use it for trading and some popular companies are starting to accept them as payment for goods and services.

[Rebisco]

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.

For me the popularity of the bitcoin is the main obstacle. The bitcoin is still not popular all over the world. In my community, there are only some people who are aware to what it is. The bitcoin will have more support from its community if its popularity is now high.

[seoincorporation]

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.

Stable value isn't a must, if it has a variance but a big value at the same time it can work fine i mean if it's up and down between 100,000 and 200,000 dollars, then people can speculate and make a profit with trading, and other people can use it as a spendable coin.

I think the real obstacles are only two, first of them are gobs who want to add taxes to anything, and second is the banks who don't want to lose their power over money.

[vv181]

• 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.

It has definitely improved A LOT compared to how it used to in the past. But I personally think(and I'm pretty sure other people agree too), that the current state of bitcoin wallet's isn't enough for true global adoption. People forget their passwords all the time, what more their private keys? Using exchanges like Coinbase as a wallet is definitely not a good solution.

I believe using a web wallet is a bad practice for security. but it is really practical for some regular user to use cryptocurrency. Nevertheless, those UX design is yet still cannot reach for mass adoption. The whole UX design needs to be improved to make bitcoin ecosystem easier to use for the non-techy user.

[GrayFullbuster]

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.

The volatility of the bitcoin is one of the obstacle that bitcoin facing. People can use properly their bitcoin in their transaction because the price of the bitcoin is always changing due to its characteristics which is unstable price.