Biggest challenges of bitcoin...

[Ojima-ojo]

Bitcoin to me have no problem with scalability at the moment and the only noticeable problem is with bitcoin user who failed to gain the necessary knowledge to push through the various ways and means of getting things done with using bitcoin as a speculative asset or daily user.

Bitcoin has been built as all one project that can be properly utilised e ed in whatever form but also must accept the fact that the availability of various tool that aids scalability and clear transactions make it clear that we must have built up enough knowledge that will enhance a stable-dealings with bitcoin.

[benalexis12]

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

[JeffBrad12]

bitcoin always such a good investment for long term seeing from the chart of year by year you could see its growth is linear but biggest challenge that i've seen that is really essential is its scalability.
even though its not as bad as ethereum because maybe it's not some smart contract blockchain but regardless it still have scalability concern.
added with the fact that there are ordinal that gonna make a loophole of bitcoin into some full fledged way of deploying some BRC-20 token protocol.
i'm sure this should be concern in the future since its scalability still requires some further development.

[LogitechMouse]

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.

Well, there's a solution for that. Increase the transaction fee for your transaction to be processed faster.
Just so you know, there are still some Bitcoin investors who are willing to pay higher transaction fees just to push up their transaction. There will always be investors who are willing to add more transaction fee just so the process of their transaction will be faster. Right now, the only solution that for the scalability issue of Bitcoin is the Lightning Network, but not that much investors are using it right now unfortunately.

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.

Sometimes, it depends on the mindset of the investor.

If they don't care about the pros of it like the scalability or whatever it is, they will still buy it because they believe that they will earn from investing into Bitcoin. These mostly are the newbie investors. Now if you have been investing into Bitcoin for quite some time, I guess pros and cons don't matter at all especially if you are holding it for long term. I've been investing into Bitcoin for years already, and I didn't saw the scalability issue of it as a problem for me.

Now to answer your question, it's always worth it in investing into Bitcoin as long as you know what are the risks of it.

[Lorence.xD]

Bitcoin to me have no problem with scalability at the moment and the only noticeable problem is with bitcoin user who failed to gain the necessary knowledge to push through the various ways and means of getting things done with using bitcoin as a speculative asset or daily user.

Bitcoin has been built as all one project that can be properly utilised e ed in whatever form but also must accept the fact that the availability of various tool that aids scalability and clear transactions make it clear that we must have built up enough knowledge that will enhance a stable-dealings with bitcoin.

Same thought, it's scalability haven't been an issue to me plus it's normal for Bitcoin since it's a volatile system which it's literally changing of it's value. With it's value its true that there's a lot of methods or ways to take action to the scalability of the Bitcoin. But the only problem that I've faced is that some of that transactions literally took a lot of days before finishing the transactions itself. Sometimes it took weeks, but I think it's also normal in Bitcoin but so far that's the only problem I have faced. For sure there's people that are still learning and finding some solutions to problems that we are facing rn in Bitcoin.

[rojan]

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

I think the number of Bitcoin usage is increasing day by day. Through Bitcoin we can now do almost all the different things starting from payment. Bitcoin usage is increasing day by day. It seems that at some point all people will use Bitcoin.  .But it will take a few more years. Everything is getting smarter as the days go by.

[CarnagexD]

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

this is true with the sector of technology booming, there is no doubt that the advancement of asset classes especially Bitcoin will rise its value significantly. I am telling this in a long term perspective. However, just be wary that anything can happen in the market. Global factor affects the price of any risky assets in the market, it could be war, inflation, or another pandemic. Bitcoin is very scalable and can be accessed in very convenient way. There is a great challenge in bitcoin, but there is also a great reward.

[Chainsmokers]

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

I think the number of Bitcoin usage is increasing day by day. Through Bitcoin we can now do almost all the different things starting from payment. Bitcoin usage is increasing day by day. It seems that at some point all people will use Bitcoin.  .But it will take a few more years. Everything is getting smarter as the days go by.

The development of Bitcoin is truly amazing and I think maybe 10 years ago I never thought it would be like this,
what is certain is that the number of Bitcoin users will continue to grow and that is also inseparable from the information circulating more and more,
This is interesting and we just follow its development.

[beerlover]

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

I think the number of Bitcoin usage is increasing day by day. Through Bitcoin we can now do almost all the different things starting from payment. Bitcoin usage is increasing day by day. It seems that at some point all people will use Bitcoin.  .But it will take a few more years. Everything is getting smarter as the days go by.

I agree, bitcoin will be used a lot more in the future even still, which means that we need to handle all of this transaction fee situation before we get there. I have no idea how that will be done, better minds than me are on the subject working on finding a solution to it, but I can testify that we have been late already and need to come up with something.

If we want to have more people in the bitcoin world, that requires us to have something that will make it more expensive to trade and move money around. People could do that for free in the fiat world for most cases, why would they want to prefer something that would cost them 10+ dollars to do when they can do it for free in fiat? In order to grow, we need to figure that part out.

[rby]

At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;

• Lightening Network
• SegWit addresses
• Taproot

So, this us no longer a pressing issues in bitcoin as the network has been able to process transactions very fast of not for the recent ordinals attack.
Besides, the scalability you mentioned has no relationship with bitcoin investment. Because a long term investor might only withdraw twice in 4yrs.

[erixter]

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

I agree with your options and opinions, and have been trading since last year. But in the coming times when the internet advancements and the technology advancement and many other web related projects come into the market, some factors must affect on to the values of BTC like, its Scalability, Volatility and market maturity, Security and hacking risks etc and will face several challenges that may impact its future while Bitcoin has gained significant popularity and recognition. In view of the comparative assessment of the market and the prevailing conditions, BTC will face some challenges till now, and I will not hesitate to say here that there is already a very good and secure system is in Place.

[Nrcewker]

Everything has pros and cons. And for some people the cons acts like pros and vice versa. To be honest for me Bitcoins are like a boon. Bitcoins has many advantages than the traditional banks for which it gained so much popularity in short period of time. Banks are centralised and have lots of rules and regulations to follow. Moreover there are also many hidden taxes and fees. But due to the decentralised nature of Bitcoins, it gets a point here. Yes I know Bitcoin network is too slow, but to be honest, for the other advantages I am getting here, it is worth waiting.

[Dollar_Hunter]

I can say the government, because the government is the biggest challenge for bitcoin,
if the bitcoin problem in the government is resolved then Bitcoin will really live in that country,
we know that China has given permission to Bitcoin and of course this is a good thing for Bitcoin in China,
but unfortunately in the USA it has not materialized.

[milewilda]

It is proven and tested that Bitcoin is a good investment in the long-term and that cannot be denied, and Bitcoin has many features that other cryptocurrencies do not have, even if it is used as a payment option online it is a big deal how much more even with the opportunity it gives to people. In addition to this it also provides savings in the future, so the scalability that you are talking about is only a low percentage of the problem that a bitcoin holders will face honestly in my opinion.

I agree with your options and opinions, and have been trading since last year. But in the coming times when the internet advancements and the technology advancement and many other web related projects come into the market, some factors must affect on to the values of BTC like, its Scalability, Volatility and market maturity, Security and hacking risks etc and will face several challenges that may impact its future while Bitcoin has gained significant popularity and recognition. In view of the comparative assessment of the market and the prevailing conditions, BTC will face some challenges till now, and I will not hesitate to say here that there is already a very good and secure system is in Place.

We havent seen any exploit or security issues in Bitcoin but somewhat most competitors would really be point out out about its scability issue which most projects are trying out to patch up and resolved  that kind of problem, but it did really make out such changes or kicking out Bitcoin into its place? None of them did succeed on which it did really still able to sit on the top of the markets despite of those flaws and this does really prove out that community support would be always the biggest consideration about on projects success. Also if we do speak about that irreversible transaction is already that something revolutionary and this is why
its not really that surprising that it is really that mainly been loved by those people who are engaging into crypto. Challenges is there but doesnt mean that it would really be over for Bitcoin
to fly with colors even into the future.

[bettercrypto]

The only thing that worries other bitcoin holders right now is that the fees to make a bitcoin transaction may still be high. Now, if you ask if it is still a wise decision to invest in bitcoin, my answer is yes.

Although there are some things that I still consider that should be considered in the risks that can be faced with Bitcoin, but still, of course, it is still up to us. What do we really want?

Pros and cons of Bitcoin https://www.cointree.com/learn/pros-and-cons-of-bitcoin/

Bitcoin transaction fees have come down to a somewhat normal level now that it is possible to make transactions in Bitcoin if desired. And those who invest I don't think the transaction fees for investing are huge. Investing in Bitcoin is always a good decision because Bitcoin can be trusted more than other currencies. If the advantages and disadvantages of Bitcoin are discussed then the advantages of Bitcoin will be more in comparison. Most people think that investing in Bitcoin is very risky but investing in Bitcoin is not only risky but investing in any other platform is very risky. All things considered, investing in Bitcoin is wise.

I pretty much agree with what you said that investing in Bitcoin is a smart choice because it's really proven. I have not seen anything over time that its value has decreased, instead every time there is an upcoming bitcoin halving there is always a rally in the price of Bitcoin in the market.

      Especially now that the halving is coming up next year where many bitcoin communities hope that its value can reach 100k$ or more depending on the demand. And for now, everything is back to normal when it comes to transaction fees.

[awik p]

The only thing that worries other bitcoin holders right now is that the fees to make a bitcoin transaction may still be high. Now, if you ask if it is still a wise decision to invest in bitcoin, my answer is yes.

Although there are some things that I still consider that should be considered in the risks that can be faced with Bitcoin, but still, of course, it is still up to us. What do we really want?

Pros and cons of Bitcoin https://www.cointree.com/learn/pros-and-cons-of-bitcoin/

Bitcoin transaction fees have come down to a somewhat normal level now that it is possible to make transactions in Bitcoin if desired. And those who invest I don't think the transaction fees for investing are huge. Investing in Bitcoin is always a good decision because Bitcoin can be trusted more than other currencies. If the advantages and disadvantages of Bitcoin are discussed then the advantages of Bitcoin will be more in comparison. Most people think that investing in Bitcoin is very risky but investing in Bitcoin is not only risky but investing in any other platform is very risky. All things considered, investing in Bitcoin is wise.

I pretty much agree with what you said that investing in Bitcoin is a smart choice because it's really proven. I have not seen anything over time that its value has decreased, instead every time there is an upcoming bitcoin halving there is always a rally in the price of Bitcoin in the market.

      Especially now that the halving is coming up next year where many bitcoin communities hope that its value can reach 100k$ or more depending on the demand. And for now, everything is back to normal when it comes to transaction fees.

to support that belief we must have knowledge of bitcoin, so that we have a foundation in holding bitcoin as an investment. with good knowledge, if the schedule or prediction for the increase in bitcoin is not as expected, then we don't give up, and can relax in dealing with it. it seems simple, but it's hard for everyone to do considering that there are still many people who experience losses in investing, that means a lack of knowledge and psychological stability, or even the initial goal is to get big profits in a short time

[irhact]

At this stage of bitcoin is not when someone will be talking about scalability problems. I agree that scalability is one of the issues that bitcoin has faced and the developers are not folding their hands about it. The following and more technologies have been introduced to enhance scalability;

• Lightening Network
• SegWit addresses
• Taproot

Scalability is still a problem as it hasn't been totally eliminated, the solution you listed has done well to fasten the confirmation rate of Bitcoin but it hasn't brought about a permanent solution and they aren't been adopted because of the complexity of the solution. We haven't reached the full capacity of transaction that other online payment processors make and how fast those transaction are been done

I'm not saying those payment system are better than Bitcoin but when Bitcoin will start processing transaction in those number it'll become a problem as the network will become congested and the price for fees will start to rise again as individual increase fees for faster confirmation.

[danherbias07]

"What makes it difficult to invest with Bitcoin?"

Maybe I am too old at watching Bitcoin because recently I don't see anything difficult about it. It's the easiest way to invest. You don't need any broker, you don't need to fill out a lot of forms, TOS, contracts, or whatever they will make you write just to approve your investment.
Go to a trading site, P2P, or other legal ways and then buy Bitcoin. That's it. You are the owner, the manager, and you will have the right to sell it whenever you want, trade it, or just store it if you feel like there's a chance it could make better profits in the future.
What is so difficult about that?
When it comes to reputation, there's nothing to be scared about anymore. A lot of people are buying it continuously while some are holding it long-term which means the value could not depreciate that fast giving an opportunity for others to sell if they feel like a dump will happen.
About transactions, well there are bumps about the fees but it goes back to normal when the heavy traffic subsides.

[bitgolden]

I can say the government, because the government is the biggest challenge for bitcoin,
if the bitcoin problem in the government is resolved then Bitcoin will really live in that country,
we know that China has given permission to Bitcoin and of course this is a good thing for Bitcoin in China,
but unfortunately in the USA it has not materialized.

This is both true and wrong at the same time and not many people realize what you realize. I mean it is not a problem because government can't really change much about bitcoin itself, but it is a problem because they could ban you to use it, that alone is a huge problem right there. Doesn't mean they will, looking at most nations they are fine with it so I do not think that it will have anything big anytime soon, but it also doesn't mean that it will stay neither.

I personally believe that the best thing about the current situation is that they are not meddling with crypto all that much, they find it just too far away as a threat so they are fine with it. But what happens when we grow even bigger? What happens when people start to prefer crypto over stocks?

[Bitcoin_people]

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.

By investing in Bitcoin you can make transactions very easily and quickly which will benefit you a lot. If investing in bitcoins, you must be tolerant of bitcoins. You can invest in Bitcoin as you will definitely have it as a future asset. Currently, various transactions can be done very easily with Bitcoin, due to which various banks pay in Bitcoin for transactions. So you can invest and hold bitcoins by looking at the market position with confidence. There are no particular challenges to be faced in investing in Bitcoin as there is no risk of loss. If you invest in Bitcoin, you don't have to go through hard times, you will definitely get profit.