What is the obstacle of Bitcoin？

[Onuohakk]

Bitcoin obstacles are many and might vary form nation to nation
*poor internet connection
*religious belief
*government involvement
*skepticism and ignorance e. T.c

[Bobby 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.

A lot of obstacles that bitcoin is confronting right now. There are many investors withdrawn their investment due to the fact that they are fear to be lose. Bitcoin needs development, it needs liquidity wherein all people can use it simultaneously without having a problem. Gas fees are still high and there is a congestion to the bitcoin network once many people are sending BTC. We need a stable coin and can be used in everyday life. I hope bitcoin adopt it someday.

[Godric-Gryffindor]

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 would like to agree on the last part, it's true that bitcoin's main obstacle found on its underlying value, on top of this is the fact that most trader now is getting more aware of the extreme price action that is happening almost every week now. This would translate to newcomers and generally effects public understanding.

[SIDDHI777]

Bitcoin price stability might not need for investors but from merchants perspective it is mandatory  because with high volatility and price fluctuations merchants can face many losses for there goods or services which can be also a disadvantage for clients who use bitcoin as a payment method so in order for merchants to accept bitcoin I think volatility should be low and that is the main obstacle now bitcoin have that has reduce its adoption and acceptance by companies and small businesses

[shoreno]

Bitcoin don't need to be stable in price to sustaine it position in the market

Every people loves stability as much as being volatile because this can lessen the risk of loosing big  while we can still earn sufficient income because bitcoin is already indemand and will become more indemand in the future . thats why i believe that if bitcoin is stable many people will become more attractive with it but even today where bitcoin is still volatile ,bitcoin has always be on the number 1 spot  .

[kingpin4321]

You are right that it requires a stable currency to be used on a large scale but the question is that is bitcoin already been used on a large scale yet?  Well I would say bitcoin is still developing

[AAKODI]

Yes when considering some facts we would agree that Bitcoin is still developing to become a mainstream currency because because still there is no considerable stability in Bitcoins price fluctuation even it is used large scale which has become a major problem in the business world to combine it with core business payments and processes but this trend should change for the betterment of the future of Bitcoin and its users

[Vaskiy]

More users have mentioned the volatility as an obstacle. From my understanding volatility is the attraction of bitcoin. No currency is this volatile, people come towards bitcoin as it has got the potential to give the biggest profit. When that isn't possible anymore automatically it'll lose its importance. Now the earnings access is provided as it is volatile. If it is stable, then there is no difference between common currency and bitcoin.