What is the obstacle of Bitcoin？

[Rajamuda]

Well the point is indeed one of the things that's easily influenced by various things including anything that's done by many people to bitcoin, especially in terms of investing and not to be used in everyday life in general because it's not really legal as a whole.

[MTNAX]

In my opinion the obstacle of bitcoin is the government that has not been able to accept bitcoin and the price of bitcoin which often goes up and down, so that bitcoin users become worried about the future of the bitcoin.

[Rambukwelle]

I think the energy consumption to mine Bitcoin is the biggest obstacle in this 21st Century. We are running into a world the excess energy consumption materials will be hated. So the very long term success of Bitcoin , this should be solved.

[soulripper]

Nothing was wrong in all of our opinion. If we want to support bitcoin we need to used bitcoin in daily life as a real fiat money. That way bitcoin can be more stable being used in daily life. The biggest obstacle for me is ourselve. How we want to support bitcoin so it can be more grow up.

[Blocktopian88]

There are plenty of obstacles. Development of technology is still not mature enough. So-called decentralization is way off, especially in actual world. Government's prohibition. People have no enough confidence in it. So many.

[johnny508]

High Volatility in bitcoin can be considered as an obstacle for its growth in the financial sector because major companies hesitate to combine there businesses and allow customers to use it as a major means of payment specially during online transactions but we should understand bitcoins volatility is a significant reason why majority of investors and traders have chosen to invest in it because the profit margin is much higher than any other investment asset so there are both pros and cons that we should consider when discussing its value stability

[FlightyPouch]

I think the energy consumption to mine Bitcoin is the biggest obstacle in this 21st Century. We are running into a world the excess energy consumption materials will be hated. So the very long term success of Bitcoin , this should be solved.

How can the long term of mining of Bitcoin be better? Do you even know that the longer the Bitcoin is being mined the more harder it gets? And while the mining gets harder, the more energy is needed and that will be bad for that. If solar panels are just the one being used by miners, there will be no problem. For me the obstacle of Bitcoin this year is the fees and the few acceptance at platforms.

[boyptc]

One obstacle are the newbies that thinks that bitcoin is a real quick rich scheme investment. We can't prevent these people to keep on thinking that bitcoin is working that way.

And on top of that, those promoters that are into scams that leads newbies to the wrong way.

[Artemis3]

Bitcoin is maturing, and pieces are slowly falling into place. It is volatile because its free and decentralized, so the market acts on it, but the price has a historical trend and slowly or quickly returns back to it. Every day mining becomes less attractive, but at the same time more (minted) coins are in hands of people. This makes manipulation more and more expensive. Mining will become completely unprofitable someday, and then only enthusiasts and people doing business with Bitcoin will keep the network alive. As this moment comes the volatility will naturally slow down. I think Canaan creative got the right idea but started too soon: Home appliances with some hashrate would keep the network alive at that point because it benefits everyone (holders and users).

At that point people more and more will be using it as a currency rather than an asset. The world will have a solid coin to back itself on, and the time for the chicago school of economy will have to cede their way to the austrian ideas of (slow) growth by true savings rather than (quick) growth by debt that ends blowing up later in eternal bubble/crash cycles.

[pixie85]

Dependence on technology and many people are technological newbies. Especially older people don't use online banking with many not having Internet access. It looks like an obstacle now but really isn't. When the new smartphone generation matures it will find using cryptocurrencies as natural as registering for an email account.

[mahibul49]

bitcoin is maturing and obstacles are also reducing as you know every negative news come and after somedays they are vanished.i think bitcoins main obstacles are govt and use of this technology.you have to use bitcoin.

[jessyj48]

Presently I think the obstacle of bitcoin is still lack of getting more mainstream ,people needs to embrace it ,with support it will make price stable atleast ,that's what bitcoin needs

[sscarletmzileni]

A lot of people in the public are not even giving Bitcoin some chance to be known and what are the advantages of having Bitcoin.

[Periodik]

Stability of Bitcoin's value has been an issue for a long time. Well, if its goal is to become the world's main currency. People are calling its ultimate achievement the replacement of the US Dollar as the topmost currency of the globe. However, as for me, it will just be an offshoot. If Bitcoin's price will reach a stable point then it might grow to be a strong contender of the USD. And coupled with a wide circulation and actual utility, it will organically grow as the primary currency. But until then, it will mostly serve as a form of investment, which is not really its true purpose.

[ghislain1giraud]

 Starting with Bitcoin’s release in 2009, cryptocurrency has gone from humble beginnings as a niche technology to the successful currency that it’s become today.
As a whole, developers, entrepreneurs, and big businesses have all been hesitant to use cryptocurrency in their day-to-day operations because of four main reasons:

Volatility
Security issues
Legal uncertainty
Practical usage

[Teamfearless]

We  all know  stability of Bitcoin's value has been an issue for a long time , the major obstacles of bitcoin  is the those who  call them self crypto gurus and experts they are manipulating the market from behind .  they are behind everything happen right now , institutions and business investors consult them when they want to  buy bitcoin , so  they risk few bitcoin at cheap price on big exchange like binance as soon  as the the price drop then they go small exchange to buy from the weak holder.

[mmaxswellmurugan]

Close-minded people who always judge Bitcoin as useless and hard to understand.

[piracy]

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.

[South Park]

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 price can become more stable but it will never be like fiat, you need to understand that the fact the supply of bitcoin is so small means that when the demand goes up there is simply not enough bitcoin for everyone and this makes the price to skyrocket but as soon as the demand is gone the price will crash and as we know the markets have a tendency to keep going in the same direction, so the crash is even harder than it should be, all of that will make very difficult for the price to become stable and it will be an obstacle to adoption for some time.

[syamster]

A lot of people in the public are not even giving Bitcoin some chance to be known and what are the advantages of having Bitcoin.

They are not aware of the actual worth and value of bitcoin that why they are not giving it a chance. Since long bitcoin is working in the market and it has the amazing value as a currency as well as an asset. I think people should give bitcoin another chance so that it will surely give them future benefits.