Bitcoin Forum
May 12, 2024, 06:08:45 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: What are some common challenges in bitcoin;and how can they be addressed?  (Read 176 times)
Frankolala
Hero Member
*****
Online Online

Activity: 700
Merit: 523


Leading Crypto Sports Betting & Casino Platform


View Profile
May 23, 2023, 07:01:01 PM
 #21

I'm actually referring to the learning aspects of bitcoin
You need to learn about the wallet aspect so that you don't store or keep your coins in a centralized exchange like Binance which is the most popularly used. You can use electrum wallet, since is a non custodial wallet which you are in total control of your keys. If you store your coins in exchange or in a centralized platform,you are no longer in full control of your bitcoin anymore but they are because they are keeping your bitcoin in their own custody and not in your custody and don't forget these centralized platform are not to be trusted for so many reasons. They can give out your information to government or sell out your information to whoever is ready to pay for it. Bitcoin was created for maximum privacy for you to be anonymous as an identity.

If you have a wallet,the next thing is  to back up your seed phrase and keep them in different location away from where people can have easy access to,if not if someone sees your seed phrase he can use it to get full access to your wallet and will steal all your bitcoin


I believe you have a trust wallet as it is the most commonly used wallet for holding funds and assets.
If you have already put your  amount of BTC you want to withdraw the you click on continue, it would take you to the next page which is where you would see the settings at the upper right corner facing you. To set the fee, you will have to click it and reduce or adjust the fee yourself as it suits you for your transaction
Trust wallet is not advisable to use,it is vulnerable to attack and can be compromise. We have seen reports on this in the forum that trust wallet platform is responsible for the return of stolen funds from the victims wallets .You can use any of these wallets electrum or blue wallet.

Everybody have their own different challenges in their bitcoin journey,my challenge might be different from yours but it is how we understand bitcoin that we will also be faced with the challenges.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
1715537325
Hero Member
*
Offline Offline

Posts: 1715537325

View Profile Personal Message (Offline)

Ignore
1715537325
Reply with quote  #2

1715537325
Report to moderator
The forum was founded in 2009 by Satoshi and Sirius. It replaced a SourceForge forum.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715537325
Hero Member
*
Offline Offline

Posts: 1715537325

View Profile Personal Message (Offline)

Ignore
1715537325
Reply with quote  #2

1715537325
Report to moderator
1715537325
Hero Member
*
Offline Offline

Posts: 1715537325

View Profile Personal Message (Offline)

Ignore
1715537325
Reply with quote  #2

1715537325
Report to moderator
drwhobox
Full Member
***
Offline Offline

Activity: 756
Merit: 133

- hello doctor who box


View Profile
May 23, 2023, 10:41:30 PM
 #22

Bitcoin comes with many challenges because it is not legalized worldwide and bitcoin is not adopted by a majority number. Bitcoin comes with a change, but everyone welcomes the change and they refused to adopt bitcoin.

My great challenge with bitcoin is when I try to sell them. I don't use my bank card to buy or sell bitcoin. So the only way to buy and sell bitcoin is p2p. P2p trading is quite risky, and with that risk, we sell our bitcoins. But I was never got scammed by anyone selling or buying bitcoin.
Pandu Geddon
Hero Member
*****
Offline Offline

Activity: 840
Merit: 590


Bons.io Telegram Casino


View Profile
May 23, 2023, 10:55:03 PM
 #23

Bitcoin comes with many challenges because it is not legalized worldwide and bitcoin is not adopted by a majority number. Bitcoin comes with a change, but everyone welcomes the change and they refused to adopt bitcoin.

My great challenge with bitcoin is when I try to sell them. I don't use my bank card to buy or sell bitcoin. So the only way to buy and sell bitcoin is p2p. P2p trading is quite risky, and with that risk, we sell our bitcoins. But I was never got scammed by anyone selling or buying bitcoin.

fortunately, you get a trader who can indeed be trusted to transact. there are many scammers around us, when we are too hasty and make wrong transactions with scammers, then we can lose our Bitcoins.
the more popular Bitcoin is, the more scammers will become part of the risks we have to face in the future. be careful and always be alert.


        █████████████████      ███████████████    ██████████  ████████    █████████████
    █    ███████   ███████  ████████      █████  ███████████ ████████    ██████   ██████ 
        █████████   ███████  ████████      █████  ████████████████████  ████████   ▀▀▀▀▀▀
   ▅▅  ████████   ███████  ████████      █████  ████████████████████  ████████
  █  ▀▀  ████████████████    ████████      █████  ████████████████████    ██████████████
     ▅▅████████   ███████  ████████      █████  ████████████████████              █████   
       ▀▀████████   ███████  ████████      █████  ████████████████████  ▄▄▄▄▄▄      █████
▅▅▅▅▄ ████████   ███████  ████████      █████  ████████ ███████████  ▀▀██████████████
        █████████████████     ████████████████   ████████ ███████████    ▀▀▀██████████


Your Intro
Telegram Casino
to Fun & Entertainment
The Next-Gen
Gaming Space
     ▃▃▃▃▃▃▃▃▃▃▃▃▃
  ▄▄█████████████▄▄
██▀               ▀████▄
                       ██
   ██            ■■    ██
 ██████        ■■  ■■  ███
   ██    ▀ ▀     ■■    ███     
     ▃▃▃▃▃▃▃▃▃▃        ██
    █████████████      ██
    ██          ████████▀
████▀           ▀█████▀
FiveG
Newbie
*
Offline Offline

Activity: 26
Merit: 1


View Profile
May 24, 2023, 04:19:25 AM
 #24

Nothing special about the challenges but the most important thing is to have knowledge and understands how market works, but when open newly sure is secure platform or blockchain. Everybody in one way or other experience bearing period when prices doesn't favor like this season. And also keep your private keys to yourself, don't discuss with people to join when you yourself do not know much.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!