What is the obstacle of Bitcoin？

[RareFortune]

This is just one of the factors why bitcoin is not yet implemented as a full-fledged currency on a global scale. Of great importance is the level of people's trust in the cryptocurrency, and skepticism on the part of the government to it and the imperfection of the technology itself today. But bitcoin is developing, which means it can be implemented as intended.

I can't argue with that because government are very slow on adopting modern technologies like Bitcoin and sometimes the news came from the government make other potential investor or users to doubt in cryptocurrency so I think that government is one of the big obstacle.

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[Ava Duvall]

I think it's miss-information !! people only hear what's been going on with bitcoin. they for their own opinions based on tabloid information, so soon enough bitcoin gets a bad rep. With the right information and explanation of the the current situation - the problem would be some what solved.

[Ezenwanyi1]

I agree that the scalability of Cryptocurrency is an obstacle to the wide. Adoption rate of bitcoin but that's not the major obstacle as the volatility is one core feature of Cryptocurrency so I do not think that it would ever change so to say.
The price of bitcoin can never be stable like that of fiat as it would defeat the purpose of it's creation .

[Sebas.tian]

It's biggest obstacle imo is the government. People will probably believe what the government say so if it deemed crypto to be a bad thing, people will assume it as such without actually verifying the information.

[jabrix]

This is just one of the factors why bitcoin is not yet implemented as a full-fledged currency on a global scale. Of great importance is the level of people's trust in the cryptocurrency, and skepticism on the part of the government to it and the imperfection of the technology itself today. But bitcoin is developing, which means it can be implemented as intended.

The main bitcoin obstacle is the wrong understanding of bitcoin, where bitcoin is considered money laundering or terrorist funding. Besides that the price is also not stable.
It is necessary to educate the public that bitcoin is digital money that is very supportive of the future, because the progress of the age of all uses digital technology.
Besides that there are still countries that don't accept bitcoin for payment. All takes time, because bitcoin will sooner or later be used throughout the world.

[mich]

This is an very easy question to answer, price prediction
When to buy, sell and just hold
Any other obstacles, leave it up to the devs

[dr.hopkins]

You cannot predict the price of Bitcoin. Here many factors play their part.
If we try to think about why bitcoin is not rising now - probably because it takes some time for the price to stabilize at this point and only then go up (or down).

[Disaster435]

The only real obstacle for btc is market cycles. The history almost repeats. A little longer time needed to enter the next bull run.

[Dudeperfect]

I would say that the biggest obstacle in front of Bitcoin is all about the responsibility that comes with the benefits of using cryptocurrency. As we all know that, Bitcoin and every blockchain based cryptocurrency is based on the principle of decentralization that gives tremendous power to the user but at the same time it also delegates the responsibility to use it wisely and maintain adequate security measures in order to protect the values associated with it. Not everyone is capable to handle that responsibility and we have the scammers and hackers to take mis-advantage of that weakness. However, I am optimistic about the growth of cryptocurrencies among the new generation in the coming decades along with the growth in awareness.

[rollingstorm45]

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.

actually if a lot of people who are infesting in bitcoin can be a good news.
because more and more business people use bitcoin, it can be ascertained that the value of bitcoin will move up, so businesses should be willing to use the various facilities offered by bitcoin, because things like this can make progress in the field of payment in all countries .

[arifteguhr]

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.

It is an obstacle if you let it become one, there are many people that have been here for a long time and they do not really care at all about the fiat price of bitcoin, and people will have learn to think in that way as well, you need to stop caring so much about the price of bitcoin in fiat and just concentrate on using your bitcoin whenever is convenient for you just like you would use your fiat.

if in my opinion, the obstacle of bitcoin is the frequent ups and downs of market prices that are relatively fast and cannot be known. and many ganv campaigns that don't get maximum results. in addition there are also the most pathetic, namely the arrival of hackers.

[BeGoods]

This is not the main reason why bitcoin is not accepted by society. The main problem in the government's attitude to cryptocurrency. It really creates a big obstacle for its full development.

This problem will be overcome by time. technological developments will make the world community more sophisticated. technological innovations such as blockchain or cryptocurrency will not be able to be detained. the government will adjust this. they will not be able to stop cryptocurrency.

[nizamcc]

Try to buy bread at a supermarket for your BTC.
You can not.
Here is the main problem of the popularity of BTC. Whoever says this is all a complicated and outdated way to transfer money. Private keys, exchanges, etc.
Usual people don't need and don't want it. BTC should be as easy to use as fiat money. Only then can we talk about the global use of BTC.

[munareal]

The main obstacle in Bitcoin is the security in the cyber world. Hacking and scamming are penetrated in the crypto space and the security of one's funds lies in his own hands. A lot of people have lost funds and the mainstream society are indeed skeptical about cryptocurrency because of its high volatility.

[kalel18]

the amount of obstacles on Bitcoin should only be prepared for it bacause similar to the price fluctuations not permament in the market and for the security of your acount should be safe always  because Bitcoin always threaten by the scamers.

[shrey singh]

The main issue which bitcoin is facing is that bitcoin is still mostly used for trader rather than transaction .

Bitcoin was created to buy sell and send money abroad without any interference of any third party .

For bitcoin to become stable you we have to increase the use of bitcoin for transaction rather than treating is like just an investment .

[Bagaji]

As they said that information is power, i think one of the major problem as obstacle of bitcoin is wrong information. There has been wrong information about bitcoin since it onset and mostly after the bull run in 2017 which left many investors with looses even uptil now, those investors have wrong information concerning bitcoin when it come to price stability. Let us be positive and this will be solve.

[jademaxsuy]

There were so many obstacles in bitcoin and to mention the biggest obstacle where investors probably does not like are those Scammers and fraudsters that bring bitcoin image down. Another thing is the anonymity which boost scammers and hackers in their activity for they are anonymous.

[jpnl0006]

I think the most and the biggest obstacle  bitcoin is facing is the fact that people do not understand the way its functions and the advantages its possess bitcoin has been perceived from the negative side of it, if its can be handled then every other thing would be some kind of a minor challenge

[Bitkocha]

I think that a big obstacle in the large-scale use of bitcoin is its strong volatility. And another reason is that people still know little about the benefits of bitcoin over the official banking system.