What is the obstacle of Bitcoin？

[Ucy]

Agreed that some currencies need to be stable in value. however, I do not think the inventors of Bitcoin wanted it stable. If they did, they wouldnt have  used  the words Deflationary Currency for Bitcoin.

The idea behind the Deflation is so that Bitcoin does not lose its value against the inflating prices of good and services in the future. .
In my opinion, Bitcoin cant be a good Store of Value if the price continues to remain stable

[blueteam09]

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.

If the value of Bitcoin is stable, it will abandon from Crypto, and that will be its end. Venture investors choose Bitcoin because it has a very high price and a large degree of agitation that motivates the exchange of daily profits from traders.

[Burogh]

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.

Government regulation is an obstacle for bitcoin. Without government regulation, merchant in many country must be wont accept bitcoin. If merchant afraid to accept bitcoin, its obstacle for bitcoin mass adoption. I think merchant is good entry if mass adoption want to happen

[kvipcn]

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 don't think the price of bitcoin has been its obstacle but the main obstacle of bitcoin is the wrong knowledge and understanding people have about it. If people really have the right knowledge of bitcoin, they will be less concern about the change in its market price. Bitcoin and its blockchain network introduced a decentralized platform where people can determine the price they want to sell or buy bitcoin and this nature of its network is the cause of the changes in its price. People don't understand this principle regarding bitcoin.

[jerry7788]

1. the ecology is not complete
2. over price fluctuation
3. limited users group
4. big companies control

[mornabo]

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.

in other words some users see fluctuations as obstacles? it is precisely the wrong idea, I think they should know that fluctuations will continue to exist in the bitcoin market, and look at it as an advantage, not as a obstacle, because fluctuations can give you a big profit

[Janation]

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.

Government regulation is an obstacle for bitcoin. Without government regulation, merchant in many country must be wont accept bitcoin. If merchant afraid to accept bitcoin, its obstacle for bitcoin mass adoption. I think merchant is good entry if mass adoption want to happen

I don't think government regulation will be a problem.

There are a lot of other countries that banned Bitcoin but I don't think that is the main problem. You see, even if there are a lot of countries that still regulates or accepts Bitcoin, a lot of people still don't use it since most of the time they don't know what Bitcoin and cryptocurrency is or they do know what they are but they don't want to use them.

[AAKODI]

Lack of trust worthiness regarding decentralized systems or networks can be consider as a major obstacle and its decentralized nature which cannot change but it has become the main reason why most governments and other organizations specially in the businesses field don't  trust to invest or to allow to continue expanding because no one is confidence enough to trust a digital currency specially a valuable one like bitcoin because there is no responsible party behind it and that is why I think it is a major obstacle for bitcoin even it is build nature

[Stargazer]

On the top of my head, here's a few.

• Misinformation/Misunderstandings: There are so much misinformation spreading about bitcoin. Namely, "bitcoin is not scarce, people can create forks", "bitcoin is only used for drugs", and many more. There's so much misunderstandings of people in social media and on television; and what's worse, is that they're spreading their misinformation! Causing a sort of domino effect on people's impressions of bitcoin.

In my view, I think Misinformation is the main obstacle of bitcoin. In our country, If random people know that someone is working for bitcoin, then they can complain to the Cop! Because most of them think that Bitcoin is illegal, It is only used in bad works like drugs, murder and so on in a negative way! Therefore bitcoin has the volatility nature, the price can be manipulated any time, it is one of the obstacles.

[traderethereum]

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.

That is why we need to introduce bitcoin to them, and maybe we can teach them about how to learn and use bitcoin with right and another else. So they can understand what the benefit of bitcoin that they can get is. Besides that, they can also use bitcoin as an investment that will give them a big profit in the future. But I realize that people right now still too afraid to invest or learn about bitcoin because they read about the news from the last year when bitcoin price is at the highest price and then in a few months later, the price drops too far. And now they think that bitcoin will never increase at the last highest price again in the future.

[949miner]

The obstacle of Bitcoin is basically the ignorance of people regarding how its system operates. People have problems with things or ideas when they don't really understand what causes some changes in the thing. Ignorance on the whole nature of how the decentralized system works is the leading cause of the spread of false speculations about Bitcoin. Due to how ignorant the world is about Bitcoin and its blockchain system, people easily accept false news regarding the use of Bitcoin. Ignorance has made people believe that Bitcoin is used by money launders or used to fund criminal activities, which is totally false.

[bce]

there are many obstacles that occur in bitcoin nowadays, but we cannot mention the obstacles in detail, only a few of which I can mention include many scam projects, and that makes investors over time become doubtful. the next negative news that is spread, namely the cause of negative news are those who do not like the development of bitcoin. but from the second I mentioned, there are still more obstacles in the development of bitcoin.

[coolcoinz]

The idea of ​​bitcoin as a rich quick scheme that becomes a bitcoin barrier, so the function of bitcoin as a currency is not so prioritized.

How can an idea be a barrier? The stock market has been a place where millionaires were made (and sometimes unmade), but it hasn't changed anything. Just like that penny stock trading scheme of Jordan B. It didn't stop people from playing on the market.
These silly little names like a bubble or a scheme aren't stopping adoption.

[Mr.grin]

there are many obstacles that occur in bitcoin nowadays, but we cannot mention the obstacles in detail, only a few of which I can mention include many scam projects, and that makes investors over time become doubtful. the next negative news that is spread, namely the cause of negative news are those who do not like the development of bitcoin. but from the second I mentioned, there are still more obstacles in the development of bitcoin.

well, for now, I think there are still some obstacles from bitcoin, moreover if the transaction is quite a lot, it will certainly slow down the transaction, and that happens when the bitcoin price is going up. however, I don't think there are so many obstacles from bitcoin in the countries that accept it.

[alina345]

Instability is the main obstacle.
I mean who would want to invest all of their hard earned money into something which is highly volatile?
Majority of people are still afraid to risk their money so I think bitcoin needs to be stable first. This way, more people will accept it as it has a lot of benefits. Also, most of the world population, especially, third world countries don't even know what bitcoin really is. They think of it as something fraud, which is not true.

[Daniel91]

Many factors, I think.
We have many rumors and speculations about Bitcoin.
SEC and other financial institutions still didn't approve futures or other financial instruments connected with btc.
Merchants still didn't accept Bitcoin as main payment alternative.
Also, who is legally responsible for bitcoin?
Who is owner of btc?
Many unsolved issues, really.

[Xising]

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 the biggest obstacle to Bitcoin is the acceptance of people to it. I mean, it has been around for years and years, but still, it has been on a decline after realizing its highest potential just a year ago. I think, the fault can be put on people who are promoting and using it, it has never took off as we have foreseen it to go because we lacked the promotion and the marketing to make it work for the masses. I mean, I know, many have profited to it for years and years,  but then, they wanted to in a way selfishly get all the gains without making other people understand what it is that would help to its acceptance and gain. And now, we see its decline and instead of convincing more people, we find more and more people pulling off their belief that it can prosper.

[Bosx1ne]

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 the laws and regulations are the problem that the bitcoin is currently facing. There are people in different countries who are afraid to use bitcoins because their government forbids them to use it. They will be sanction and receives penalties if they will use it. The users of the bitcoin will increase if all of the government will legalize it.

[xWolfx]

How can an idea be a barrier? The stock market has been a place where millionaires were made (and sometimes unmade), but it hasn't changed anything. Just like that penny stock trading scheme of Jordan B. It didn't stop people from playing on the market.
These silly little names like a bubble or a scheme aren't stopping adoption.

I agree. This is just one more argument in the list of many the clueless people happily use. It happens in the stock market anyways too and what? Is it a lie only because of that?

If big profits exists and it's legal i see no reason to try to stop someone from doing it at all. Especially if they are helping with a greater good here if they decide to invest long term and hold.

[juragane]

The biggest obstacle to bitcoin in our country is that the government does not want to provide supporting facilities, and the government does not want to recognize bitcoin as a currency, but our government is taxing bitcoin trading agents by classifying bitcoin as an asset and as a commodity.