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Author Topic: Biggest challenges of bitcoin...  (Read 525 times)
ethereumhunter
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May 19, 2023, 09:14:56 AM
 #21

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.

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May 19, 2023, 10:47:27 AM
 #22

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
To be honest, I wouldn't say no to invest in Bitcoin. It has proven to be a profitable long-term investment and in my opinion it ranks among the top successful investment options available at least for me. I'd say investing in bitcoin, gold or real estates are top tier but let's just talk about bitcoin.

Since when it was released in 2009, Bitcoin reached a peak of $69,000 in 2021. This growth is truly insane especially when considering its initial value of just a few cents. Now, let's think about the future, let's say 5 to 10 years from now as our world continues to develop and technology further dominates our lives. In this scenario, it's highly likely that Bitcoin will witness even greater adoption and usage. The potential for widespread use is huge, and I wonder what price Bitcoin might hit during this time.
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May 19, 2023, 01:52:29 PM
 #23

What cryptocurrency are you talking about,  there are thousands of cryptocurrencies, and many of them can produce more than one block within 100 seconds, and therefore using them will enable anyone in the world to conduct a transaction whenever they want.

Some protocols are centralized, so if we take Ripple (XRP) as an example, there is no problem of scalability as it is specially designed to process thousands of transactions continuously, but it is centralized and has one point of failure.

When you search for investment, daily use is not a criterion to determine whether this service is good as an investment or not, and the evidence for that is gold. It can be used as a currency, and yet we do not pay transactions with it daily.

I definitely agree with you.

Any investment is worth the risk because you will make profits if you win, and if you lose you will learn. There's no successful investors that didn't take any risk, we all do that because we need a result, we need to know what's waiting for us after we took a risk. Risking is to know the answers to all of our "what ifs", and without risking, you will left thinking all the what ifs, and that is so stressful because of regrets.
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May 20, 2023, 03:37:27 PM
 #24

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Generally when try to invest in anything, you need to have a proper understanding of what you are about to invest in. Blindly investing because everyone is investing can be a dangerous to you even if the investment is on something good. Bitcoin is good to invest in but you should have a reason to invest in it. The high transaction fee and waiting time if bitcoin is to be used for transactions can be a challenge, but it should not be enough to discourage you from stopping to invest in it. The pros of having bitcoins far outweigh the cons.

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May 20, 2023, 03:55:14 PM
 #25

What has scalability got to do with bitcoin investment, trading volume and future flourishness?

What you call a problem is the reason bitcoin is unique and can not be tampered with. No other project can challenge it since in place of decentralization and integrity of the system. The lack of much scalability is the price bitcoin it is paying and it will always stay that way and still be the most demanded for.

It has created the road, others are only enjoying it.

Hence there is institutional traders involving and doing heavy swings on market retail traders are avoiding trade confidently as this market makers. New traders loss their bags and removing from market with empty hand after every heavy swing on market, As I think,If this situation stabilize by market makers there be more dealers involving btc market.
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May 20, 2023, 08:16:55 PM
 #26

To be honest, I wouldn't say no to invest in Bitcoin. It has proven to be a profitable long-term investment and in my opinion it ranks among the top successful investment options available at least for me. I'd say investing in bitcoin, gold or real estates are top tier but let's just talk about bitcoin.

Since when it was released in 2009, Bitcoin reached a peak of $69,000 in 2021. This growth is truly insane especially when considering its initial value of just a few cents. Now, let's think about the future, let's say 5 to 10 years from now as our world continues to develop and technology further dominates our lives. In this scenario, it's highly likely that Bitcoin will witness even greater adoption and usage. The potential for widespread use is huge, and I wonder what price Bitcoin might hit during this time.
Who wouldn't want to invest in bitcoin now that they realize it's a potentially profitable coin with big profits? The world is changing, and we must prepare our minds for greater accomplishments to come, spending more time on solid projects and also anticipating to start gaining more knowledge and experience in the space. Bitcoin is a rock-solid project in the market, and its existence has been extremely helpful to investors who understand how the project operates. This was the foundation of top whales in the market in 2009, their roots traced back and made profitable with well-planned strategies.

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May 20, 2023, 09:26:38 PM
 #27


So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

Normally, with every investment, whether in crypto or another investment, there are some pros and cons that, if not properly understood, could lead to some regrets at the other end. I still remember when I first invested with one company, there were some cover papers they gave me that had boldly written on them "memorandum of understanding." That book contained all the terms and policies of the investment am venturing into, as well as the possible risk attached, but in the crypto world, everything is mistakenly understood by some people because there are no official rules for investing in Bitcoin or other shitcoins, but whoever is investing should be sure they understand what they are doing.

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May 20, 2023, 09:28:21 PM
 #28

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Dealing with Bitcoin is not easy at all, in fact cryptomarket is the most volatile market and its already exceeded the forex market. These challenges will make you stronger if you are able to overcome it, remember there’s a lot of opportunity with cryptomarket, all you have to do is to act right. Pros and cons if you invest with Bitcoin are more ok compare to the altcoins, if you want to be more safe in crypto then buy cheaper Bitcoin and hold it.

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May 21, 2023, 06:42:00 AM
 #29



So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.

Of course Bitcoin is worth investing in. There are many investors who have profited from their Bitcoin investments. And they share with us their experience that they have been able to earn profit by trading cryptocurrency. According to those investors advice and guidance attract us a lot to invest in Bitcoin. If you are willing to invest then definitely you can invest with your savings. and you need to understand when to invest and when to sell so you can get ideas. When you invest in Bitcoin, you must invest in a bear market. the market is in this position to invest right now so you make an investment and wait for Bitcoin to pump.

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May 21, 2023, 07:47:47 AM
 #30

I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.
Maybe what you mean is the problem of busy network transactions that occur in bitcoin as it is today and where bitcoin transactions are very expensive, but in normal cases this will return to normal and there are several exchanges and wallets that can manage transaction fees and you can adjust them to your needs you, so it's less fixed what you mean in this post.

So if you're asking yourself can I invest?
You can if you have money and obviously you can't when you don't have money.

Is bitcoin worth investing in?
Very decent and even one of the best at the moment compared to other cryptos.

Is it smart choice to invest?
There are many reasons that can convince us that bitcoin is a smart choice to invest, besides being able to maintain value and bitcoin also has the strength to survive when the economy is experiencing a crisis or recession.

Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
Knowledge can bring someone to believe and understand bitcoin, the challenges of pros and cons in life cannot be separated in any aspect, including when you try to invest in bitcoin so you can see other aspects of utilization when you choose bitcoin.

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May 21, 2023, 11:30:34 AM
 #31

I personal see that there are scalability difficulties with cryptocurrencies, which means they may not be able to process enormous quantities of transactions at once. This might make them difficult to utilize for routine transactions, since these transactions may take too long to process and complete.
(....)
I believe that this issue is very simple. This kind of problem will be managed in the future, there is a lot of technology or projects that are helping to solve this issue like Lightning Network.
Another thing is this is a much better problem than the problem of "decentralization", it's easier to solve.
About people trusting Bitcoin as an investment, yeah this kind of issue is also an issue for some people that's why some are afraid to invest in Bitcoin.

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May 21, 2023, 12:32:18 PM
 #32

When you invest in Bitcoin, you must invest in a bear market. the market is in this position to invest right now so you make an investment and wait for Bitcoin to pump.
for beginners, it is highly recommended to invest in Bitcoin. or maybe those who want to learn to trade can look for Bitcoin pairs. even though the value remains volatile and risky, Bitcoin will be a safer asset than investing with Altcoins.
when it comes to the right time, of course, a lot of people will talk about bull markets and bear markets. but we won't know when that happens. so anyone who wants to start investing, because there are doubts regarding market conditions. just buy whenever you are ready. it doesn't need to be too big to reach the ATH pump. determine profits in a short time first as a start. and when you already know the market situation well. investment or trading can be started with better planning.



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jeraldskie11
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May 21, 2023, 01:08:14 PM
 #33

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
If you're only investing in Bitcoin, I don't think scalability will be an issue. However, if you use Bitcoin on a regular basis, scalability will be an issue for you. If possible, conduct the transaction using the Bitcoin lightning network to save processing time and fees. The only issue was that people were unfamiliar with the lightning network. That is why, if you understand what a lightning network is and how it works, you can tell them everything you know.
Furthermore, of all cryptocurrencies, Bitcoin is the finest investment.

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Litzki1990
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May 21, 2023, 01:27:33 PM
 #34

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
When it comes to investing in cryptocurrencies I will definitely invest in Bitcoin because I always think Bitcoin is the best investment. Because other coins in the market depend on Bitcoin, we should always invest in coins that the market generally depends on. 
Investing in Bitcoin is relatively safe as the Bitcoin market does not experience as much volatility as other currencies, thus investing in Bitcoin can be done with confidence. And if the advantages and disadvantages are considered then the advantages will be more than the disadvantages. And those who like to take on the challenge usually invest in other crypto platforms, including Bitcoin

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darewaller
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May 23, 2023, 10:23:40 AM
 #35

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover. There are different types of investment instruments but indeed not all of them are affordable and easy to reach by a poor individual. Good thing is, cryptos are invented. Not only cryptos can be used as a currency, people can also treat them as an asset.

What is great on them is that we can be able to buy even at smaller quantities. Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.
arwin100
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May 23, 2023, 12:33:25 PM
 #36

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover.



Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.

People just need to have knowledge about past and current events so that they can determine that its still good to invest on bitcoin even if we are down with its past ATH. Although we can't blame other to think negatively on the bearish situation on bitcoin since this is normal and this is bit challenging scenario which newbie need to understand that this one really happen so that they will not get panic if the same like situation will occur.

Bitcoin for newbie is hard to learn but for consistent researching for sure newbie could understand its technicalities.

livingfree
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May 23, 2023, 01:19:52 PM
 #37

When it comes to investing in cryptocurrencies I will definitely invest in Bitcoin because I always think Bitcoin is the best investment. Because other coins in the market depend on Bitcoin, we should always invest in coins that the market generally depends on. 
Investing in Bitcoin is relatively safe as the Bitcoin market does not experience as much volatility as other currencies, thus investing in Bitcoin can be done with confidence. And if the advantages and disadvantages are considered then the advantages will be more than the disadvantages. And those who like to take on the challenge usually invest in other crypto platforms, including Bitcoin
It is the best investment on this generation. People may argue and may disagree but we're here and all of us know that this is the best asset that we've got.

It has changed a lot of lives and that's why even if people will decline to say and won't agree with us, it has changed our lives and that's it. Those that are asking to invest, the challenge is in you guys because you're thinking that people are discouraging you to invest.

But, with that, it's just all about what you can afford to lose on this very risky investment and Bitcoin is totally like that.

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ethereumhunter
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May 23, 2023, 01:27:29 PM
 #38

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover. There are different types of investment instruments but indeed not all of them are affordable and easy to reach by a poor individual. Good thing is, cryptos are invented. Not only cryptos can be used as a currency, people can also treat them as an asset.

What is great on them is that we can be able to buy even at smaller quantities. Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.
And in investing in crypto, people can choose bitcoin or altcoin and many of them have chosen bitcoin as their main investment. To invest in altcoins, they need to have the knowledge to choose the coin because there are many coins on the market and not all coins can be upgraded in the future. This requires further analysis to find the right altcoin so that it can provide benefits for them. But they can only invest in bitcoin without owning altcoins and that is enough for beginners who want to start investing in crypto. But it's not easy to be able to benefit from investing in bitcoin because they have to have the patience to wait for the bull run to come.

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Hamza2424
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May 24, 2023, 08:18:08 PM
 #39

Scalability is not that much bigger a problem with Bitcoin especially if you don't put scrap on the Bitcoin. Also with the problems there are numerous solutions available on the Blockchain L2 is the most successful example in front of you in the form of lightning network and ETH L2 projects. In blockcHAIN SPACE when you are talking about scalability then you should need t to consider that decentralization should not be compromised in the name of scalability especially when it's for the payment mode.

My take on it is current problems are self-generated we cant integrate the things for which blockchain was not designed and extra load will always cause problems so we need to develop a controlled and limited space for full efficiency.

dunfida
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May 24, 2023, 08:59:29 PM
 #40

So if you're asking yourself can I invest? Is bitcoin worth investing in? Is it smart choice to invest? Then you need to understand the challenges involved, the pros and cons, what makes it difficult to invest or not.
I can invest in bitcoin. That's what I told myself. I see bitcoin is worth investing in, even at the current price, bitcoin is still very worth investing in. For me, it was a smart choice to choose bitcoin as my investment because to invest in other things, I still can't afford it.

The challenges mentioned, namely the pros and cons or what makes it difficult to invest, come from you. If you are still hesitant to invest in bitcoin, it's best not to go ahead and think more so you find out what your reasons are for investing in bitcoin. At least, I advise other people or my friends to think and learn more about bitcoin.
Current price is lower than last ATH so it's not a bad idea if we can start investing even today. As long as we have some patience we can be able to earn once bitcoin starts to recover. There are different types of investment instruments but indeed not all of them are affordable and easy to reach by a poor individual. Good thing is, cryptos are invented. Not only cryptos can be used as a currency, people can also treat them as an asset.

What is great on them is that we can be able to buy even at smaller quantities. Bitcoin is not hard to learn. It is possible to buy and HODL it while continue learning on the side. Once we are equipped with knowledge, challenges will only be overcome.
And in investing in crypto, people can choose bitcoin or altcoin and many of them have chosen bitcoin as their main investment. To invest in altcoins, they need to have the knowledge to choose the coin because there are many coins on the market and not all coins can be upgraded in the future. This requires further analysis to find the right altcoin so that it can provide benefits for them. But they can only invest in bitcoin without owning altcoins and that is enough for beginners who want to start investing in crypto. But it's not easy to be able to benefit from investing in bitcoin because they have to have the patience to wait for the bull run to come.
When it comes to investment then it would be always boiling down into your choice because not all would really be that choosing Bitcoin because they cant able to get easy 2x or 10x with it and this is why they would
considering on touching up altcoins.It not bad since we could neither have both as long your money or investment permits you out. Challenges are common because we cant just deal with off easily without having those challenges but the main key on here is that we could certainly make out adjustments on whatever lapses or cons it does have. This is one of the risks taking factor which we should really be needing to deal off with once you do step your foot into this market. When we do speak about recognition and adoption then it is really that on process and we should really be that normally be progressing as years
passing by and this is why we shouldnt really worry that much.

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