What is the obstacle of Bitcoin？

[sham100899]

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 very obstacle of the bitcoin is the fact that most in the government and banks hate bitcoin for a reason that bitcoin avoids graft and corruption among people in a certain area. Theyre trying to get rid of the bitcoin so that they will still continue to control the flow of the people and its need.

[bitfocus]

the only obstacle is - stupid and greedy people, sorry to say. these people are pushing BTC to become an investment which BTC is not, and BTC is actually a currency.

[AAKODI]

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

I think it would be very true if we say bitcoin's main obstacle is nonrecognition of some part of the public because as we know even bitcoin got so many threats from many significant sources still it has survive remarkably and that is due to the continuation of endless potential investors and holders because there is a considerable percentage that see the potential of bitcoin but we can expect this to change in the future do to modernization of everything and increase demand of digital currencies in both technical and financial fields

[Rambukwelle]

Main obstacle of Bitcoin I see is the energy consumption of it in the process of mining. This amount of electricity is almost unbearable in the 21st century where we live. But Alts have very addressed this case very efficiently.

[goldexp83]

If we really want to replace FIAT, we need more BTC real usage and adoption, education it’s probably one of the fundamentals, as if people don’t understand the value, how can they even star to use it?

There’s still a lot of work to be done, we’re at the very beginning, we have to work united to overcome all the obstacles

[BigDippr]

The main problem that bitcoin is facing right now, is the huge manipulation that can be done by just a little group of people. I mean, someone with a few million dollars can easily move the market upsides or downsides.

It is easier to manipulate than the other markets (like the stock market, commodities, or any other thing)

I think you are absolutely right that manipulation is common, and a huge problem.  But I think with Bitcoin it takes huge sums, and coordinated efforts from teams of very knowledgeable people.   But the smaller coins, even ETH, are very vulnerable.  I read that for $4000 an hour you can harness enough energy to dominate ETH (51%)

[sirminesalot]

in my opinion the common obstacles in bitcoin are security issues and self-confidence in crypto currencies that are a problem in bitcoin

[SkustaClee]

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 adoption is one of the problem of the bitcoins. Many people are still not aware to what is bitcoin and it is the reason why they are still not adopting it.  If we keep our spreading our knowledge to other people. I am sure that the people will become interested to patronize it.

[jabrix]

Users that are doing fraud may be consider as obstacle in bitcoin. Because of the likes of this people investors may not going to feel comfort in doing transactions with the mindset that the possible scam or any fraud activities will going to happen. This is why a law is need for this people so that this kind of activities will be minimized.

The main obstacle to bitcoin is the price that is not stable, so many are afraid of losing
Legal certainty in some countries is also uncertain.
Scam information that occurs in several countries as well as state policies that consider bitcopin illegal.

[EXtremeAEX]

If we want the cryptocurrencies to be accepted by all, then we need to develop appropriate laws that will regulate cryptocurrencies markets. These laws will have to eradicate market manipulations that so attract those who want to get rich quickly and discourage those who would like to use Bitcoin as a means of payment in daily life.
I agree that if we want Bitcoin to be accepted for use on a large scale, then its price should be relatively stable.

[Akoldi_ibk]

I think the obstacle of bitcoin is all the forks going on such as BitcoinSV and BCH.  This is confusing new investors that go to Bitcoin.com to buy bitcoin when in reality its BCH they are purchasing.

Yes, the division and different ideology in the bitcoin community is biggest obstacle of bitcoin coupled with unending market manipulation by the whales. These are slowing bitcoin in many ways.

[Accounting87]

I believe that one of the obstacles to bitcoin mass adoption and development is first its high volatility based on the nature of the crypto itself and second, absence of appropriate government regulations, so people feel that whatever happens with their funds, nobody will be there for them. That's my opinion as a newbie, don't be too judgemental

[Thanasis]

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.

Its an obstacle for using as currency but it is making more adoption and imagine if everyone in this world started to use bitcoin the value will get maximised so which causes the price to be more stable than now,just see positive and make the decentralised coin as our payment options.

[.cryptokiller]

It seems to me that there are no obstacles for Bitcoin, except for the regulation of prices by the states. I don’t know if these regulations are there or not, but this is the only thing that could prevent Bitcoin from following its development path.
Although if the state gives Bitcoin such conditions with full security and impossibility of price manipulation, then Bitcoin will have no obstacles at all.
This is only my opinion of course.

[dongyi17]

Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.

[Savemore]

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 main problem in the bitcoin is the adoption and misinformation. There is a connection between adoption and the misinformation. There are people who are afraid to use and buy bitcoins because of the misinformation that keep spreading through internet. They are always thought that bitcoin is a scam or it is always using in illegal activities.

[Sithawaka]

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.

High volatility can be definitely point out as an obstacle for bitcoin progress because it makes majority of Organizations and clients hesitate to combine there businesses or make payments with bitcoin because in a little time it can do a big profit loss but we should know high volatility of btc is the main reason why many investors are attracted to invest in it and that is why even with many other obstacles from the out side world bitcoin still valuable but I agree that we need more stability when considering the price of bitcoin

[DevilSlayer]

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.

We do not have enough education for the people in our society to become aware to what is bitcoin and that is the obstacle that the bitcoin currently facing. The mass adoption will not happen if many people are still not educated to what is bitcoin.

[zee11225]

Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.

The main bitcoin obstacle is the regulation of the government in each country that is different, so that there are still many users who are worried that they will be considered illegal transactions.
Besides that the constraints of the price are unstable, rising or falling very sharply so that small capital investors have fear.
The third is the image of bitcoin as a place for money laundering and funding for terrorists.

[BennyK]

Bitcoin does not have any impregnable obstacle because it is working as it was intended to. The problem is with the mass adoption which is still not yet accomplished. Most of the governments are against the idea of Bitcoin and as such the people are bound to listen to them in the view of abiding the laws. But definitely, this issue with the governments will end one day and Bitcoin will meet the mainstream adoption.