If you’re not too familiar with the crypto world, you might be surprised to learn that Bitcoin has been on the market for more than a decade now. As the first cryptocurrency, Bitcoin has achieved a lot over the years and paved the way for others to rise after it. While Bitcoin might be doing incredibly well at the moment, it doesn’t mean that it hasn’t been through the wringer in the past. Bitcoin’s had to go through a lot of obstacles to reach the level of success it boasts today, and if you’re wondering what some of these challenges were, here are a few of the biggest.
The Novelty of Cryptocurrency
As you already know, Bitcoin was the first cryptocurrency the world met. Naturally, this novel technology piqued the interest of many that wanted to see what it was all about. While this brought a lot of attention to Bitcoin and the great things it had to offer, it also brought a lot of negative press. The issues with Bitcoin at the time mainly came from a lack of information. Not much was known about blockchain, cryptocurrencies, or Bitcoin, and information about this new tech was nowhere to be found.
As you can imagine, this led to a lot of misconceptions and rumors that affected Bitcoin’s reputation. People from all over the globe didn’t want to risk getting involved with something unknown and potentially dangerous, so they stayed away from it at all costs. Luckily, the crypto community managed to fix this over time. By learning more about Bitcoin and what it could do, the crypto community released their findings online so anyone could access them.
Complex Earning Methods
In the beginning, there weren’t as many methods to earn Bitcoin as there are now. Bitcoin trading and Bitcoin mining were the main go-to’s, but as you might know, getting started with these isn’t as easy as it seems. Today, there are plenty of different ways users can profit with Bitcoin that don’t require much effort. An excellent example of this is automated trading software like ImmediateEdge UK! By using automated trading apps, users can start their Bitcoin trading journey without needing any previous experience or knowledge of trading.
Thanks to the AI trading bots this software uses, users can take a more laidback approach to Bitcoin trading and let the trading algorithms find the best investment options for them! Of course, this isn’t the only new method newbies can try. Bitcoin freelancing offers users a chance to work for their Bitcoin, while the recent trend of Bitcoin games allows them to profit with Bitcoin while having some good old-fashioned fun!
Limited Shopping Opportunities
As a result of the bad reputation Bitcoin had in its early days, most shops weren’t keen on taking a risk and adding it to their payment systems. Naturally, this led to a severe lack of shopping opportunities for Bitcoin enthusiasts. While there were a few top-notch Bitcoin-friendly shops here and there, users were limited to certain items that not all of them were interested in. If you’re a modern Bitcoin user, you know that things right now are very different when Bitcoin shopping is in question.
Bitcoin is edging closer to the mainstream every single day, giving users a chance to shop at some of the biggest retailers worldwide. With information now widely available, many new shops and service providers are taking a more Bitcoin-friendly approach. Long-time users can now spend their Bitcoin savings on a cup of coffee at Starbucks, action-packed video games from the Microsoft Xbox Store, and a fun weekend getaway across the US! Bitcoin shopping opportunities today are nearly unlimited, so take advantage of them and treat yourself!