Bitcoin Forum

What are the biggest problems, hurdles, time consuming thing online which you face often in bitcoin world. Lets discuss them and try to solve!

Time-consuming can be considered creating the wallet, writing down the 24words and keep the private keys private.
If you need to send to an address which you get from the real world in paper then it is time-consuming writing the bitcoin address on your phone or in pc character by character.

I have the problem in obtaining bitcoin in a stable way. Usually trying to get them turns out on party or another gets scammed. Not everywhere has atm's to get bitcoin and localbitcoins is just the same about getting scammed out of your money.

Why can't you copy paste the address on your phone or PC? If you type the characters, there could be an error as well and since these transactions cannot be reversed, you could lose your coins.


@OP: My main problem is that many reliable bitcoin wallets are freezing accounts (eg: Xapo and Coinbase) while only blockchain seems reliable but I changed to other wallets when blockchain was having issues and facing donwtimes frequently.

Isn't that scenario possible? You want to send bitcoin to a friend that has in a paper only his address and not the QR code (to scan it) then you have no other choice rather than write/type the bitcoin address character by character. I know that it is not safe but IRL it can happen.
The problem is that bitcoin addresses are long and not easy memorable.

I am running Bitcoin Core with the entire blockchain downloaded, and switching from wallet file to wallet file is very time consuming as it can take nearly 30 minutes for the wallet to be loaded as blocks need to be checked, etc.

I'd too agree that the worst problem at the moment with Bitcoin online is indeed blockchain syncing.

The bigguest problem you can face using bitcoin is to get scammed because there is a lot of websites that take your money when you invest in them and there is also one more problem its a minor one that is the 6 confimation that take a lot of time specialy when trnx fee is not high

not problems though but rather some issues about transferring between a few accounts the small amounts and  having to pay 2 or 3 times fees which are often high for low amounts.

That's why you use a light wallet. There are many of those with bitcoin, like Electrum. The nodes you connect to do all the work for you. IIRC you can connect to multiple nodes to the same wallet to cross-reference blocks.

1. Scammers (mainly ponzi scheems) that are really time confusing though you can't do anything about them!
Even if you're warned bout it, it still feels like it may not be a scamas others have not reported it to be a ponzi.

Trying to remember a bitcoin address when you want to input it to a computer from a mobile wallet is also lots of effort (wehn you don't know how to share the information between them)!

A light wallet is of no help to the network. Some people run full nodes because they want to support the network. They spend disk space, CPU time and network traffic yet it makes them feel better.

Correct, however my wallet of choice on my desktop is based on a full wallet. Not that syncing bothers me, however it can probably be quicker.

Also, if nobody used full wallets, we'd have a bigger problem than long sync times :D

In my opinions, maybe is better for us if can made or change the bitcoin address of random character become the unique character is made by us, it's will be more symbolize about yourself in the address. maybe anyone having another idea for bitcoin address has become easy to remember.

big problem for Bitcoin ?

old people.

Bitcoin need a change/crash in the economy.
problem : retirement is based on old economy.

for me personally? I can't say I've experienced any major problems so far. I guess if I did have a significant amount of bitcoin then my biggest worry would be selling it if I had to. comes a time when you need to meet some bills.

there are so many horror stories about exchanges and selling services. even if the exchanges ain't dishonest, there's a good chance you fall foul of some weird condition of theirs and you're frozen.

even the top line exchanges seem to have a bad track record when it comes to solving problems and reading about the people with 2fa accounts that got emptied on kraken recently does not give me a good feeling. I have a weird sensation in my stomach any time someone else is in control of my coins.

buy a computer only for bitcoin.



simple.

It very time consuming but the best  way to transfer btc address  is just wrote down it  thru screenshot or textpad put it in your email then save drafts then open up in your computer then open again your email. Thats my method  unless you have a bluetooth reciever adapter on your pc it would be very easy as pie to transfer your btc address.

I think DLNA works well for android for copying data.
I used to upload them to google drive and do it that way instead!
But, when trying to copy 34 characters, no matter how you do it - if it is done manually, you're likely to make a mistake.  (However, that didn't happen with my dogecoin wallet though).

No matter on how to copy the wallet address just dont do it manually because  theres a high possibility  that you would make a mistake then you would send  you money to a different address even you   mistype "n" instead of "N". Btc addresses are unique in any way even  in 1 character mistakenly outputted then its definitely a mistake.

If you want to use bitcoins for small amount transactions without paying any transaction fee, then you can try online wallet offered by XAPO. They won't charge any transaction fee for all of your transactions. Since you worried for small amount transaction, then you can try this online wallet but for a larger amount it is better to have an offline wallet to secure your bitcoins.

Biggest problem? I think I can't consider any on my experience. For time consuming, maybe I can consider claiming on faucets. However, I don't actually have regrets of doing that before since my earnings there became really worth it as of today's bitcoin price. Another thing is to find services to make or search any other ways to earn bitcoins.

We have the same problem and the most problematic of all is that I cannot buy bitcoins somewhere in our are and worst I don't have the money to buy. So mine is much bigger than yours

But there is a solution, di not buy, and do not invest. Instead do some online jobs or signature campaign. You will earn actually from just your effort. Problem solved.

The biggest problem I've found is just the amount of scumbags in the bitcoin world--it's crazy.  I'm tempted to say that there aren't enough places to spend it, but I never considered bitcoin a great currency anyway.  Buying and selling bitcoin is easy with places like Circle and Coinbase, but if you want to do P2P, you have to pick and choose so carefully it's unreal, and then you usually need to use escrow--which is a pain in the ass.  People who are supposed to be trusted on this forum have ended up scamming, and nothing is as it seems usually.

My problems on bitcoin world is , when right time you must sell your bitcoin on high prices for good profit.
Yeah , if you sell on $650 , maybe on 1 day or 1 week the price changed to $700. But most of peoples , doesn't make problem if they sells on wrong time , because they can still sell their bitcoin on the other time.

Not spending my bitcoin is hard.
Lol. Wanna know a way around that, kid? Don't sell your bitcoin. It's a steady up trend. Bitcoin is extremely small right now. As the market for it gets bigger, the price will rise.

for me, i think its about feeling lazy after woke up and about time confusing. this is what i face when i am online. feeling lazy almost everyday come to me but i am grateful that this is not take too long. time confusing is about when i only chat with my group, while i am not used my time to trading or make some move on making bitcoin. i hope in the future i can hold and decrease this two things, so i can focus with my purpose.

I would say that the biggest problem that i face in Bitcoin world is that there are not many online stores and sellers who accept it as a payment method.Of course it's is much better than a few years ago and more people are getting familiar with cryptos and start using them as time goes by,lets hope one day BTC will be massive and we won't have to exchange our coins in fiat money in order to buy something.

the only problem that i have been facing online and offline in bitcoin world is the lack of places to spend bitcoin. and that is not a problem that can be solved here, it only requires time and a lot more adoption so that merchants also start accepting bitcoin.

The problem for me is the transaction fees. It is just too high especially if I wanted to send small amount to people and then there are several of them so I will pay higher transaction fee because there's a fee for each of them. Wish there was a way to send bitcoin to different transaction by bulk and then it might reduce the transaction fees.

I often encounter problems in the world bitcoin is malware, I've accidentally downloading the coin Stelar combined with PDF files. Because I am curious about the ebook offered me download it, without realizing it at the same time I download the malware. That where the malware is to change the bitcoin addresses which I copy, I was aware of it when it is wanted to send bitcoin,to address of my friend. Thank you

The lack of trust and the army of bitcoin scammers are the main problems,if you ask me.

Bitcoin will become more popular when there are better scam protection and prevention.

I can`t figure out any other problems.

even though the bitcoin ecosystem has evolved in the right direction, scams still crop up on a regular basis.
So sure some fire way to protect our holdings against technical attacks has to be made and these problems should be solved.

i haven't really had any serious problem with bitcoin that was time consuming. but looking at the new members i feel like using some wallets like core or armory that are full node is a hard because of the sync time which takes a lot.

and always making a secure cold storage especially if you have a considerate amount of BTC is streassfull.

My problem so far goes thus:
1. The issue of a newbie unable to join a campaign but didn't blame them because they know what they've witnessed in the past as a result of that but its still a challenge to me
2. Another is the issue of time one have to spend online as there is no free lunch anywhere and if one want to make money online you got to spend enormous time online as well but its still a challenge... My 2 cents..

There are no major problems do i encounter in bitcoin but the thing  that  bothers me is the  transaction/ transferring bitcoin to another wallet seems sometimes are too long to wait. Even if you send a small amount   but the waiting time is too long sometimes .I wish it would  be more faster sometimes  .

Issue of trust and security.

Problems for me when using Bitcoin is the time it takes to confirm transactions and the time it takes to download the whole blockchain. The blockchain problem can be avoided by using lightweight and online wallets however.

The transaction is kind of slow, so whenever i bought things or doing transaction, it takes a lot of time and there is too many people try to scam using bitcoin, but other than that bitcoin is superb digital currency, there are more positive things rather than negative if want to be compared

There is no shorter version of bitcoin addresses that we can easy memorize but what we can do is to save online somewhere like this one beetxt.com/OBi and it is enough memorable and easily accessible.

I don't think it is a problem since you can't transfer bitcoin without electronic devices, and with them you can store and remember any number of addresses.
What it would be neat, however, is implementing bitcoin transfers directly in popular messengers or social networks. But I guess it would be paradise for spying eyes of the government agencies.

It's better to have a longer address because you know that it is unique to others.

biggest problem for me is to finding a good paying and stable way of earning. a good full time or a part time job. where people can earn some bitcoins with no tension.
I know there are lots of ways to earn bitcoins but all are have risks and chance to close or chance to get scam, or chance to loose money. .


You can buy a computer for bitcoin from Good section of the forum. yeah. it is very time consuming and tiring.
in the future may we'll be able to shop live with bitcoin.

But if someone wants to send you bitcoin and you don't have any source to access your address then you can easily tell him check beetxt.com/OBi and here you go.
If bitcoin gets integrated on social media like the facebook did on messenger sending money to friends then yeah there is no privacy.


Bitcoin addresses can not be compressed as far as I know, so each address is unique.

I've never faced problems with Bitcoin, maybe it's just me not completing transactions too often. The only 'problem' I can think of now is the addiction to gambling this currency provides. It's the best currency to gamble and trade with at this moment.

The biggest problems are in bitcoin wallets like xapo and other wallets like xapo which asking you for private informations but bitcoin is anonymously cryptocurrency so that is not good for any bitcoin wallet.

This is actually not something serious for you, but sometimes I like to feel worried whether my bitcoin safety stay at wallet. this always comes when i want to open my wallet would my bitcoin gone cause someone was steal it.

I can't say I have any big problems with bitcoin. I don't spend much time for it, my weekly maximum is 35 comments and I am commenting very passive. I could spend more time online to make bigger money and I am just lazy to do that. Must be my laziness is my biggest problem about bitcoin.

i think one of the biggest concerns every bitcoin user shares is the concern about safety. and i think it is more in new users.
since with bitcoin you have to do everything yourself like being your own bank, handling all your transactions and keeping the coins safe, it is a little hard to begin doing this but after a while you can see how easy it is.

I think the biggest problem I've ever faced is the signature campaign didn't give me the payment, but it's not a big amount, only 0.035 btc. another problems are just little problems like the network takes too long time to connect to my wallet, there isn't idea to make new posts, etc.

anyway I have translated a text someone sent me, but I'm not paid yet. I hope it's not a scam.

I don't think I've experienced a single problem with BTC. I've had an issue with the Armory software which I found pretty terrible, but I uninstalled it straight away and now everything's fine. I've never typed any private key or password, we can copy and paste, can't we?

I wish there could be more places to spend BTC, but that problem comes from retailers, not BTC.

Yeah, it might be a problem. But I think it is only to protect users from unwanted things (theft). Indeed bitcoin is an anonymous currency, but if we're not protected from hackers then it could be detrimental to us. If you have problems to it, then you can use blockchain.info

getting scammed or investing in wrong scheams are the worst thing in online world. if you don't gamble then you can live a safe earnibg life and that is much stress free yoy have some perfect plans to earn money but there are many scammers we have to protect out money so it is a kind of obstacle

It's hard for me to  spend my bitcoin in real life, untill now i didnt't find any service or shop in my area accept bitcoin as payment method, but in online so far i can't complain.

I think this is not a biggest problem since there so many wallet out there that you dont need to upload your private information for verification purpose, the blockchain,info is a good one.

I didn't have experience in earning online before bitcoin. Before bitcoin I used internet just to play games, and download stuff. Bitcoin showed me new world, if I can say like that. Now I`m earning, spending, and playing with bitcoins. So I don't have some real problems with bitcoin, for me everything is working fine, and I have patience for little waiting transactions to confirm.
I just have problem with some people who using bitcoin community for scams, but that is not problem with bitcoin, its problem with some people. And there will always be evil people.

Laziness would be gone if you earn decent profits even only in signature campaigns someday you will realize that earning Bitcoin would be enjoyable. Signature campaigns does not only give you money but also knowledge about Bitcoin, you can interact with other people's ideas. Well we have different personalities in each very one of us. Maybe your lazy because you are already rich and doesn't need more money I guess.hahaha

I agree, interacting with other people is really fun.  Actually I enjoy it.  Well mostly for the beginner as me, the only problem i often face with bitcoin is the terminology and technical aspect of it.  Sometime our curiousity poke us and tend to look for stuff which is not intended for us.  Thus making  my life problematic LOL.  Like setting up vanity addresses.

I have joined the world of bitcoin some months ago and after learning about it and after knowing the value and benefits of bitcoin I started to work hard for bitcoin and so with that I started to earn a better amount per month and in that period I have not noticed any issue to me, there are some issues which everyone has discussed above but they are much more in other systems, in bitcoin they are relatively at lower level.

When i started using bitcoin i was so unexperienced and it was the biggest problem, but nowdays i'm okay with everything and have no any problems 8)

Everyone have different lives and spend their time differently and laziness have nothing to do with it my friend. If you have a 9 to 5 job or work even longer hours than that, you will not have much

time to spend on online forums and that is normal. On the other hand some people do not have jobs and they have more than enough time to spend on forums and with signature campaigns. I only

participate in signature campaigns as a extra bonus for something I love to do, and that is to talk about Bitcoin. The problem I have, is to get through to people, when they heard nonsense from other

sources. {misinformation}

As being new in this world my problems are terminologies.  Bitcoin then satoshis, then there comes blockchain and then open ledger, then peer to peer decentralize stuff.  algorithm and hashes,  anyway it is harder than setting up a wallet and jotting down all the seeds and then setting up priv  keys. 

actually i am living in hilly area where i mostly face the internet connectivity problem, it really wast my time, some time the internet become down for 4 to 5 days,the speed of internet is also an issue some some time the speed become so slow that it even cannot open a single page for me, in previous days it was down fro one 5 days, other wise i am not facing any problem related to bitcoin, now i am trying to get any other good connection of internet which have no problem of connectivity and have no speed issue.

The biggest problem i face using Bitcoin is that it's not easy to buy bitcoins in my country as it's not supported as payment method yet..So we have to buy it online with the extra high fees

Being limited where to spend the bitcoin is one of the main problem that I face everyday, another one is buying bitcoin at the real price not those with 10-15% fees which sucks thinking to use the bitcoin after.

How much that you are paying for fee. because here in my country there is no fee for depositing money into bitcoin they are using the same price from the market. so we are not worrying about depositing of bitcoin here in my country..

If you are forced to pay such an insanely high fee just to get yourself some coins, then yes, it's very annoying. In some countries it's very difficult to get your coins when an exchange isn't allowed to be active in your country. May I ask where you live?

Still not so much online and real life shops are not accepting Bitcoin. Also, the thing that some people think that Bitcoin is something only used by criminals and weird people and they are reluctant to take it. Bitcoin is still treated like the second class payment method, if you know what I mean.

Yes, some people actually think bitcoin closely related to the illegal and criminal activities. And not a little to make people feel uncomfortable to use it. But I think these people do not know the benefits of bitcoin, so if they have knowledge about the benefits of bitcoin might not think like that. It was like I had experienced before knowing bitcoin deeper.

For me bitcoin payment option has become the second after the fiat. Thank you

I think in my problem i still didnt solve my needs in bitcoin because i want to start my own dice game i am looking for a premade script for bitcoin.
Many premade in project development section but some script are not working and some script are working but it can drain almost all my deposit amount looks like there is a backdoor about the script.. also dice game in money pot.. but i dont want to use moneypot script..

My problem is i do not know some job in online with bitcoin as their salary because i want to boost my earnings in bitcoin because also i only earn in signature campaign which is very little income every day.

My biggest problem is time, Like any other people, I also have priorities here in the offline world and when things get hectic, Finding time to be active here will be tough for me. Sometimes I can't even reach the minimum posts every week for signature campaigns.

the only time consuming thing that i have faced so far in my years of using bitcoin is the confirmation time, which is part of the protocol and there is nothing we can do about it. besides it is not such a big deal if you are not it a rush to spend the coins.

but my biggest problem is that there aren't many places to spend my coins, especially offline where there is actually none to be found around me.

Although bitcoin is in evolution mode, I wouldn’t classify it as a problem but I think it would be better if we can find solution to slower transactions. It takes up to 1 hour to successfully transact bitcoin, although I find it faster and cheaper than wire transfer but still, can we boost the speed?

Alternatively, how can we promote merchants to accept bitcoins? We should have some concrete plan to build a global awareness plan not only about bitcoin but crypto currencies as a whole. We should focus on growth instead of other non important things.

Having to pay high fees depends on the seller. I often use localbitcoins so that I can somehow bargain the price in anyway I can but of course, it doesn't always work. When I am in hurry of doing either buying or selling, I have no other option other than paying higher fees usually.

Planning well in advance is not yet possible for me, but that may the right solution for this.

Any problems I have with Bitcoin are usually due to my own fault, like not adding enough miner fees when the network is saturated.
Happened to me a couple of times where I didn't add enough fees for a purchase and it was cancelled, I've learnt my lesson though and now I usually add a high fee when making a purchase.

Trying to remember a bitcoin address can be solved by getting an vanity bitcoin address.
You can find those services people offer getting the bitcoin address that you want in that section: services.

My biggest problem seems to be getting my transactions caught in the +1hr blocks when I need to get my transaction through quickly.  In fact, I'm beginning to think there's a conspiracy to slow my transactions down!  It's funny because there'll be several fast transactions before and after mine's published....but mine always gets stuck in the higher deviation blocks....Variance doesn't seem to be on my side here.

I think the transaction fee is a bit high. When you make transactions of higher amounts, there is not much problem, because the fee is proportionately low, but the fee should be lower for smaller amounts. With the increase in the price of Bitcoin, the value of the transacion fee, in dollar, became even higher.

My problems with bitcoin world are; Bitcoin transaction fees are a little bit higher (for smaller transactions), accumlating bitcoin becomes harder with its price rising, the blockchain size (~90GB) seems impossible for me to download with this third world internet and that's why I use an Android wallet (like "bitcoin" wallet or blockchain's wallet) and sometimes the transaction time takes longer than expected even with high fees.

And that's, of course, away from the problems related to bitcoin usage and scams.

No, the transaction fees are completely your own decision. If you're going to read carefully enough, you'll see that you do have a choice: you can go even for 1 satoshis in fees, or even 0. However, that doesn't guarantee the fast confirmation of your transactions. I'm sending them with 10k satoshis in fees, and they get confirmed in maximum 3 days. You have a choice!

I do not face any problem but only sometimes when an online wallet or exchange suddenly lock my account (i faced that issue one time) and ak for documents in order to get back the account. At that time I wonder that why they are asking for that documents as bitcoin is famous for its feature of anonymity.

Main problem was and if it will continues so, always will be confirmation of transactions. If you are going to make transaction of higher than 1 bitcoin with normal fee, than sometimes there is problem and you have to wait 1 week or in worst situation delete transaction in order to make it forgotten for networks. Another problem is that there is no chanse of returning sented bitcoin if you sent it in wrong place. All other thing are perfect.

Aside from the confirmation, the frequent problem when using bitcoin online is the deposit and withdrawal pending.  In rare cases, users experience deposit pending to some platform that uses Bitcoin such as exchanges and trading platform.  Another thing is the withdrawal pending. I often experience this thing and the only reason the support give me is that there are some security issue or the fund is in cold wallet which is really annoying especially when I really needed the BTC for other purposes.

The best way for try to fill your transaction fees with more money. Such the system was seeing your transaction be un-prioritized transaction. Spam can happen anytime and make your fees a higher than the first number was appearing.
But even if that will back to the previous place but it will take a long time and so boring.

Nothing.
You CAN NOT STOP THIS ... network.


http://imagizer.imageshack.us/a/img908/709/ia0JRO.gif


It's insane.
It's the futur.
And it is already here, now.

Biggest problem in my mind
1. Bitcoin mining is too hard for small miner
2. Blockchain security
3. Scam website, and can not refund if you got scammed