What is the obstacle of Bitcoin？

[passwordnow]

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

It is not an obstacle to bitcoin but I think the biggest obstacle for bitcoin is/are the politics that's happening inside and outside of it. If everyone is just united, we're definitely experiencing a greener pasture. Another thing are these news agencies that are spreading fake news and fuds. These things are really obstacles IMO. It stops the market and pressures everyone to sell,mostly the newbies that enforces the market to plunge.

[gendang_cinta]

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.

maybe they are just less open minded, especially if there is a lot of bad news about Bitcioin so that would make a lot of people think if Bitcoin is dangerous. but if they think openly they will try it and prove it for themselves whether it is true. I think they just don't want to try and feel comfortable in their zone so they don't give Bitcoin a chance.
but I'm sure if they give Bitcoin a chance, that will change their outlook.

[Nnedaddy1]

Personally , I do not agree with your assertion that the price instability of bitcoin poses an obstacle to it's large scale adoption.
As a matter of fact, what makes bitcoin what it is is it's high volatility.
Removehigh volatility and you will have defeated the purpose of it's creation.
I think the barriers to the wide adoption of bitcoin is it's  interoperability, security issues etc

[Artemis3]

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.

Perhaps if you think there will only be 21 million Bitcoin by 2140 (17.5 million right now) But, instead i think there will be 2,100,000,000,000,000 Satoshis. And if the price goes up a lot in the future, there is a big chance they will enable 16 decimals...

So there might not be enough bitcoins for everyone, but there sure are enough satoshis for everyone!

We are used by fiat to think merely of two decimals, but don't neglect those 8 numbers to the right of the dot
Right now 26k satoshis are 1 dollar. Compare to the world's worst coin, the Venezuelan bolivar, where 25 satoshis are 1 bolivar.

This fiat just "lost" (by presidential decree) 5 zeroes in September, so 1 VES would have been 100,000 VEF, which in turn in 2008 would have been 100,000,000 VEB; and after a million percent per year inflation, the gov printing (digitally because paper is too expensive) like there is no tomorrow; things are going to get much worse faster every day.

1000 satoshis can buy bread, literally. And there is 1,746,142,500,000,000 satoshis out there... If bitcoin prices doubles, then just 500 sats will buy the same bread... Don't neglect your satoshis.

[St4yInTh3D4rk]

The volatility makes the bitcoin more renowned but it also becomes an obstacle to use as a payment system.The volatility can be decreased when we stop trading and also avoiding whales interruption by holding your bitcoin when the prices fall will keep the bitcoin really decentralized and it will help the real adoption too.

[Olayinka225]

I think to me some of the obstacles of bitcoin are those of price manipulation by some of our exchanges and most time volume. Another one, is that of the hacking of some wallets and exchanges wallets

[jeryleen]

The obstacles is not everyone knows about bitcoin. You should spend a lot of time and be intelligent in reading and exert an effort and understanding so that you can understand well everything on it.

[Dr.Osh]

I think to me some of the obstacles of bitcoin are those of price manipulation by some of our exchanges and most time volume. Another one, is that of the hacking of some wallets and exchanges wallets

well, even though the development of bitcoin is rated so fast, but you're right, there are several obstacles for bitcoin, and one of them is price manipulation. however, these constraints make bitcoin better, because every obstacle that is found, will be corrected soon, even though it makes the price decrease slightly.

[kovacsgezu23]

One of the obstacles could be the high transaction fees. Not now, but when BTC was very expensive  (above 15K USD) and everyone wanted to buy and sell it at the same time we frequently faced with 10-20 USD fee / transaction which is incredibly high.

[Bonsaiav]

Until now, bitcoin still has too complex constraints, which include:

• Bitcoin can't be used to buy anything because of a ban made by the government, and it's still valid today especially in most countries.
• Media coverage especially those related to bitcoin ETFs turns out has had a negative influence on the development of bitcoin because this thing has made most users rely only on the positive decisions of the SEC, and without doing anything (buying). I think what they are doing is very funny because their actions cannot bring changes to the price of bitcoin towards a more positive one, other than by buying.
• Bitcoin Network Traffic. So far especially when bitcoin network traffic has reached its peak, bitcoin transactions have felt very long and often take up to hours, in this case it's clear that segregated-Witness (SegWit) is not yet capable of solve problems like this. However, Lightning Network (LN) is rumored to be coming soon, I personally certainly really hope that LN in the future, can be used as a solution and able to solve the problems that have occurred so far. Ok hopefully it's true.

[manfredmann]

Bitcoin market price volatility is not an obstacle of its client to buy bitcoin. There is no reason for an individual to afraid on buying it if the client or users understand how it works. Risk is part of it and you cannot earn profit without risking. However, here in cryprocurrency strategy is very important and a good prediction skills might also be one good factor to earn bitcoins in trading taking advantage of its market price volatility.

[piracy]

Bitcoin constraints are enormous but I will mention few, one of the major one is Hacker louring into people's account, another is the Manipulation of the market which affects the market at large and the is FUD which also create large impact on it volatile movements

[MrPeriklis]

Time. Innovations always takes time for it to be adopted. We're at the early adopter stage at the moment, look at the Law of Diffusion of Innovations (https://en.wikipedia.org/wiki/Diffusion_of_innovations) for further details

[Wellyan]

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.

indeed this is an obstacle in bitcoin. because now investors get cheap results, while they sometimes issue a big result. so sometimes they feel sad about all this. but it can't be helped, this is a condition.

[Lorin]

One of the obstacle of bitcoin are the people who are against on it and think it was a scam. This obstacle cause people for not adopting bitcoin despite of the good opportunity that bitcoin can give. When people really understand bitcoin the volume of bitcoin users will increase and maybe it can be the way for them to earn a good profit.

[basyang]

One of the obstacle of bitcoin are the people who are against on it and think it was a scam. This obstacle cause people for not adopting bitcoin despite of the good opportunity that bitcoin can give. When people really understand bitcoin the volume of bitcoin users will increase and maybe it can be the way for them to earn a good profit.

Yes you are totally right about that. The obstacle of bitcoin is not the volatility of it, its normal because its the nature of cryptocurrency. Indeed the obstacle of Bitcoin is the banning and rejecting of it without any reason if its have then its unfair but we can not do anything but to accept and respect it. We must continue to promote Cryptocurrency and lets proved the good usage of it.

[imstillthebest]

One of the obstacle of bitcoin are the people who are against on it and think it was a scam. This obstacle cause people for not adopting bitcoin despite of the good opportunity that bitcoin can give. When people really understand bitcoin the volume of bitcoin users will increase and maybe it can be the way for them to earn a good profit.

Yes you are totally right about that. The obstacle of bitcoin is not the volatility of it, its normal because its the nature of cryptocurrency. Indeed the obstacle of Bitcoin is the banning and rejecting of it without any reason if its have then its unfair but we can not do anything but to accept and respect it. We must continue to promote Cryptocurrency and lets proved the good usage of it.

they may have thier own valid reasons if they ban or reject bitcoin and yes we cant do anything about it because thats their own country and government . instead of stressing our self too much with them why cant we just foccus on our own business ?  we are the ones that can become succesful because we believe on bitcoin and they were the ones that will regret at the end  .    

In my own opinion the obstacle of Bitcoin that needs to be fix is the transaction speed of the network. But I think it will be covered up by the lightning network which will be done on the next few weeks or months.

i thought that lightning network has already been implemented last year  ?  but if its not then i think the transactions of bitcoin is already fast compared to previous years and the speed will  also improved if you put a higher fees during the transaction  .

[kouba01]

The main obstacle now is the relative stability of the political and economic system, most people being satisfied with the means of payment at their disposal (fast and simple).

But the situation will change when the population loses confidence in the financial system and the currency, which is sure to happen.

What will happen when Italian banks run out of cash? what will become of the euro if Italy is defaulting on its debt? Salvini having already warned that he would not accept a troika as with Greece.

In case of no-deal, will the Brexit drive the UK into a recession? what impact would this have on the rest of the already fragile euro area?

And, finally, perhaps most importantly, what does the reversal of the yield curve mean?

[Pattart]

One of the obstacle of bitcoin are the people who are against on it and think it was a scam. This obstacle cause people for not adopting bitcoin despite of the good opportunity that bitcoin can give. When people really understand bitcoin the volume of bitcoin users will increase and maybe it can be the way for them to earn a good profit.

This problem exists because they don't have an idea about what bitcoin is, because what they hear about bitcoin is the negative thing that is spread by mainstream media. I think the real key is legalization and regulation, I'm sure it will eliminate the negative stigma on bitcoin..

[BlackPanda]

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 of Bitcoin really depends on the demand of Bitcoin users. when more people join to use bitcoin then that will make the Bitcoin confidence level increase, so prices increase. But the problem is when more people use Bitcoin but they can't use Bitcoin as well as possible so that is a problem. Bitcoin must be able to be used on target and that is the main goal of using Bitcoin in the financial system at this time.