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Author Topic: What is the obstacle of Bitcoin?  (Read 22448 times)
Amevalentine
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December 28, 2018, 03:31:48 PM
 #61

the problem with bitcoin is very much but what really needs to be addressed is that security and market prices have dropped dramatically, we have to overcome if bitcoin is destroyed
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December 28, 2018, 03:38:05 PM
 #62

Very many obstacles that occur in bitcoin (BTC) starting from market price fluctuations that are very fast and are considered dangerous for investment in bitcoin. so some countries forbid it.

CryptoToxicAvenger
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December 28, 2018, 04:05:27 PM
 #63

I think that the issue of stability will be resolved soon. Indeed, for the mass acceptance of bitcoin, it lacks stability in price. But it is too early to talk about its large-scale use. We're only going to that, we're just spreading the word about bitcoin. Because first you have to teach people how to use it.
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December 28, 2018, 05:16:19 PM
 #64

One of the problem of the bitcoin is the high fees in every transaction, there are many people who are not satisfy on using bitcoin due to its high transaction fee. If the transaction can be more lowered, then many more people will attract to use bitcoin.

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December 28, 2018, 06:53:18 PM
 #65

to be able to find out the exact cause of the decline in bitcoin prices, of course no one will know for sure, and someone's panic caused by various negative news that leads to bitcoin in my opinion also affects the decline, especially for people who are new to bitcoin, and when they suddenly see a sudden drop in the price of bitcoin, and without them thinking long, they immediately sell the bitcoin they have without thinking about the losses they suffer, because what they are worried about is the greater the loss they will suffer.

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December 28, 2018, 07:04:31 PM
 #66

One of the problem of the bitcoin is the high fees in every transaction, there are many people who are not satisfy on using bitcoin due to its high transaction fee. If the transaction can be more lowered, then many more people will attract to use bitcoin.
yes, maybe if the transaction costs are reasonable because there is a reason that the transaction is expensive. Expensive transactions can be caused by the fact that Bitcoin is not yet legal / illegal or indeed has been stipulated and rules. I never complained about it and I considered it normal.
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December 28, 2018, 07:21:32 PM
 #67

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.

Stability of the value of BTC is really important but to happen
The idea must be spread among the masses and increased liquidity in the market
Which will lead to the maturity of the market and access to fair and steady prices.

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December 28, 2018, 08:05:50 PM
 #68

I think that now all to this and goes. Bitcoin is gaining popularity, its community is growing, in some places are already beginning to accept payment in bitcoins. Soon it will be accepted everywhere. But for this bitcoin has to solve some problems and people need to learn how to use it.

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December 31, 2018, 02:09:17 PM
 #69

The obstacles of bitcoin which i saw this year 2018 is the influence of political views of different countries, 
the laws the passed and implemented, the demands of the public and the technology as well which not all countries afford that privilege.
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December 31, 2018, 02:46:10 PM
 #70

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.
Volatility may be a problem after being accepted, but now it is the reason why so many people believe in Bitcoin. So, if there is no volatility, it is not possible to expect bigger price move.
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December 31, 2018, 03:14:01 PM
 #71

In my opinion, the obstacle of bitcoin is that there are some governments that disagree and cannot accept bitcoin for fear that the country's economy will have problems. Bitcoin prices are also up and down which makes users feel worried.
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January 02, 2019, 02:03:49 AM
 #72

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 obstacle of bitcoin is the one who prevent bitcoin and cryptocurrency to be used as a currency in real world.
They are scammers, fraudsters, or maybe some governments that prohibiting their peoples to using crypto.
Volatility of bitcoin and cryptocurrency is one of obstacles, but not the main obstacle.

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January 02, 2019, 02:16:22 AM
 #73

I gree
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January 02, 2019, 02:39:15 AM
 #74

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 obstacle of bitcoin is the one who prevent bitcoin and cryptocurrency to be used as a currency in real world.
They are scammers, fraudsters, or maybe some governments that prohibiting their peoples to using crypto.
Volatility of bitcoin and cryptocurrency is one of obstacles, but not the main obstacle.

I think they arent obstacle because its normal even on other things , there will always be haters and criminals or thefts  . volatility for bitcoin isnt also an obstacle but its a feature that gives us advantage to earn huge profits .

The word obstacle isnt real  on my opinion but if other people thinks that obstacles are real   , they should not worry at all because obstacles can make them stronger . in order to achieve the success in life , one must face alot of obstacles and he/she must not give up if he/she really want to pursue his dreams
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January 02, 2019, 05:31:23 AM
 #75

In my opinion, the obstacle of bitcoin is that there are some governments that disagree and cannot accept bitcoin for fear that the country's economy will have problems. Bitcoin prices are also up and down which makes users feel worried.
You cannot change the government's view about bitcoin because they are referring on their existing law.
But, we should not allow it to be an obstacle because with the increasing adoption and the support of the believers, the power of the government will decrease, they will eventually make a law which are pro crypto.

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January 02, 2019, 09:35:54 AM
 #76

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.

I think its hard to make bitcoin price stable because its depend on market. With limited and fixed total supply, people must be want having a coin and its make the price always fluctuating. I think bitcoin obstacle right now is on government regulation, many government in the world still not accepting bitcoin and prohibit it

kelz1
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January 02, 2019, 11:41:15 AM
 #77

This is why bitcoin is used together with altcoins. Tether was the first one to show the value of stable coins but now there are many jumping on the bandwagon e.g. USDT and the gemini variant. These will help bitcoin to prosper if you trade it properly

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January 02, 2019, 12:42:26 PM
 #78

I think one obstacle of Bitcoin is its complexity. If you will try to understand everything about Bitcoin, you will see that it is very complex that it is hard for an average person to understand it, how it works etc. Because of this, people don't want to put their money into something they can't understand or know. Because of this, people tend to misunderstood Bitcoin.

Being complex of Bitcoin probably affects the adoption of it. How can people use a currency that they can't understand how it works. I think this is one of the obstacle of Bitcoin.

 
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January 02, 2019, 01:34:07 PM
 #79

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 obstacle of bitcoin is when the price of it is going down that is the big obstacle of it no more.
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January 02, 2019, 01:56:33 PM
 #80

The constant problem of bitcoin small/independent investors is the volatile system. As far as I know it is always possible to earn big and at the same time to lose. It is necessary to play the game with proper strategy and enough patient to handle trading or investment. Sometimes the obstacles are also the opportunity to gain something from within.
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