Post
Topic
Board Altcoin Discussion
Re: Cryptocurrency industry challenges and impact on Bitcoin?
by
krishnaverma
on 11/02/2023, 13:49:20 UTC
What are the current challenges faced by the cryptocurrency industry, and how are they affecting the growth and adoption of Bitcoin?


You are asking question related to Bitcoin and have posted this in altcoin section by mistake. So , please move this thread to correct section.

Here are some challenges being faced by the cryptocurrency industry which are affecting the growth and adoption of Bitcoin

1) Scams : A lot of people are doing scams related to bitcoin and crypto which has reduced the trust of people in crypto. Some people are still scared to use crypto because of fear of these scams.

2) Price fluctuations: Imagine investing in bitcoin when prices where $60000 and it reducing to 1/3rd in just few months. That can also affect the trust and faith of common people in bitcoin. This will however get solved in future with mass adoption. There will be less fluctuations when there are more users.