Bitcoin Forum

I am conducting a sort of survey on what we all see as problems in the bitcoin community.

I hope to spark an open discussion that eventually reaches a consensus.

We should probably focus on only the top 7, or maybe top 10, 5 etc...

What are the MAIN problems you face, or you have seen others face, with bitcoin?





I will list what I think are the top problems. NOTE that these are my personal opinions...
1. Still not adopted by enough of the masses to appear in local businesses
2. Too many god damn scam websites,
3. Coinbase closed my account for no reason, a law should exist to prevent businesses denying individuals key services
4. Coinbase currently is the only way to automatically send RECURRING bitcoin payments - recurring transactions a must
5. no transparent, openly white hat bounty hacker police for problem #2 - an internet police white hat hacker network would be nice

"Identifying problems leads to solutions to those problems.
I have the passion and drive to find people who can solve said problems.
Thank you for any input you may have to offer. Long live Bitcoin!"
~ The King

The main problems I face with bitcoins are:

1. Lack of adoption (like you mentioned): In other countries, there are still ATMs and online websites that accept bitcin payments but we have no online shopping website in India accepting bitcoin payments.
2. Bitcoin Debit cards: Indian exchange websites do not offer us any bitcoin debit card and other websites do not ship their debit card internationally. Even Coinbase does not allow Indian users to buy/sell our coins.
3. Bitcoin legality: Due to bitcoins being irreversible and not legal, there is no way for any bitcoin user to complain or file an FIR and get their money back in bitcoins.
4. Bitcoin users: I've noticed that many bitcoin users (not mentioning anyone specifically) are using this currency for scamming and illegal purposes and many who contact me share those methods which shocks me as they are associating bitcoins with their illegal trades which is creating difficulties for genuine users.
5. Government issues: Recently, Coinbase was asked to share the details of its users to the Government for tax purposes. This will become an issue in the long run if we need to give an account for each penny we earn in bitcoins.


These are some of the problems I have faced.

maybe i will list this :

1. the confirmation needs a time and can not be fast
2. i can't trying to mining bitcoin because its need big hashrate to get profit
3. still a few store online that accept bitcoin as payment
4. i am not yet found a institution or any related bitcoin in offline or my city
5. i can not get more reward from faucet because its too low for now
6. i am having difficulty when i want to explain about bitcoin and i don't know how i can started

i think that is the main problem that i have until now.

My main problem is the fact that I cannot pay my utility bills with Bitcoin directly to those companies and acceptance in stores is still low. Other than that, I don't think I have issues using Bitcoin at the moment. Eventually the lack of space in a block may be a small nuisance, periodically, but we haven't been hit hard with that so far.

1. Adoption can't be quick like all have speculated, even to see small changes in worldwide scenario it will require really long time and regarding bitcoin it is really new way to do financial transaction so people will need really long time to understand and start using bitcoin all over the world.

2. There are many scam websites which also use other payment methods, so i don't think bitcoin should be blamed on this.

3. Coinbase is centralized platform so they are not more than like paypal, bitcoin is designed to be used without any third party downloading own bitcoin wallet or electrum like desktop wallet will remove this types of problems with using coinbase.

4. Why recurring payments is must?  ::)

5. Bitcoin transaction is transparent, better to say its untraceable which is one of the feature which add more value to use of bitcoin. It can't be removed or replaced.  

The main problems I have faced while using Bitcoin are:

1. The acceptance of Bitcoin among some of the biggest online retailers is nowhere near enough. Online retailers and brick and mortar shops need to step up their game and move with the times.
2. Too many Bitcoin exchanges have been hacked as of late and the inside job excuse is present in almost all the of cases. Shady as hell.
3. Bitcoin has become the favorite tool of online thieves and scammers. Unfortunately I don't know how this could be fixed or ameliorated.
4. Bitcoin is volatile as hell. This is a double-edged sword and it can both make you win more money and make you lose more money. A mute point but still.

in my opinion one of the biggest problems nowadays is lack of consensus. we are clearly facing a block size issue now, before it was not yet this big but these days the problem with it is becoming more obvious (and i am not only talking about today's exceptional large mempool).

and the solutions that are available are accepted by some and others deny it,

Personal problems? Lack of places to spend it. There are a handful in the UK but nothing like the options Americans have.

Wider issues? Scaling and the strife it has stirred up.

Worrying about adoption is premature. If the entire world did suddenly decide it all wanted in at once it would be a total disaster.

1. In many countries the transferexchange between Bitcoin and fiat is far from easy. Spending directly is even more "funny"...
2. The network gets overloaded pretty often (big mempool), but I hope that SegWit will help on decreasing this.
3. People need to get a bit technical, understand how the wallet works (and fees), protect their computer/device.

Edit: wording.

1. Yes, the acceptance of bitcoin is not big, like media always mentioned on their headlines, maybe sellers are just too lazy or scared for accept bitcoin as their payment option.
2. I might say all of the sites especially exchanger and investment sites have possibility to scam, so it's depends on you to manage and protect your funds.
3. why do you still using coinbase while there are so many wallets better than coinbase out there, i think better to controll your own private key.
4. i just don't get it with this one.
5. Bitcoin transaction is transparent actually, maybe it's little hard to track who's behind that address moreover if they used mixing service. However i really love this feature "the Pseudonym"
As for me maybe bitcoin's volatile nature, it's ok if the price is pumped, so bad when the price is being dumped.

for me the adoption , my btc worth zero in my country cause no one is using it
in general most of my problems aren't related to btc , it's more to do with my country cause we don't have visa , master , paypal , neteller , payza ...etc they all don't offer services for my country
so I can't use my bitcoins in my real life and also I can't exchange them , but hopefully this will change in the next year or so

In my country Bitcoin is not widely accepted and there are no many retail stores where you can spend Bitcoins. Some people have never heard of it, some think it's illegal.
In general there are many fraudulent web sites who offer fast and easy Bitcoins but actualy scam people. Bitcoin is becoming less and less anonimous.

I will also list the problems I have been facing as in order of importance to me

1. The irreversible nature of Bitcoin in the case of scam transactions and one cannot even do anything about it and no one to even report to for necessary follow-up. This I have fallen victim and I know quite a number of people would have as well.

2. Another germane is the issue of acceptance in buying basic needs especially in this part of the world where I have to go through the hurdles of exchanger in other to get to FIAT after that get basic things I need...

people are ignorant, dumb and lazy.
they are to lazy to check bitcoin for themselves if you tell them, that they should do it.
they are to dumb to understand it and prefer to hear some promising make believe from a scammer to take their money.
they are to ignorant if you tell them honestly about bitcoin and don not forget to tell them that there are risks and also learning involved.

block size which has lead to fee wars :D


yeah, this is the second biggest issue for me and it has forced me and I think majority of users to only think of bitcoin as an investment not a currency.


scams happen everywhere.
in bitcoin since there are too many newbies the scammers have a better time at finding victims who are too gullible to fall for a 40% profit daily scheme!


I don't agree with this two because mostly Coinbase is a third party and it should not be even in the list when you are talking about bitcoin.


there is no need. as I said earlier it is only because newbies are gullible and fall for scams, while all of them have been a clear scam and a simple google search would have clarified that for them.

my main problem is number 1. Because when i want to buy something, it will be perfect if i can use bitcoin to pay, but not much shop or place in my country that accept bitcoin.

scams, sites that are unprofessional, software fault, in general because the user is dumb, etc

In my opinion, there are to many Bitcoin SCAM sites, Revshare and HYIP, with false promises for high return.
Also, in my country, very few people accept Bitcoin offline, no so many users in my local area, no legal regulations etc.
I also don't like to much exchange fees connected with Bitcoin.

I think the most important problem is " Why do I need to use Bitcoin, over other payment options " Most people in the first world countries are

swamped with payment options and we need to compete with these options. They want SPEED and CONVENIENCE and SECURITY .... Does

Bitcoin tick these boxes, or are we simply another option? Do they understand the benefits of a decentralized network, over the centralized

options out there?

In a world where people are fully aware of what Facebook and friends are doing to their privacy, and indeed their users actively aid in shredding it, I think that's more of a don't care than a don't know.

This is a good initiave by you, Bitcoin Is yet not easy to understand and newbies are confused by the huge amount of information. Secondly the issue is of long time waiting for a payment to happen at times. The fluctuations that the currency causes, is a boon and curse for some. There's a always a sword on all the users head what if it is banned or suddenly the mining stops. The ever uncertain future, that keeps people away. People often don't end up understanding it's true use and they loose interest.

Having to pay a 20% fee every time i send small amount of bitcoin?  we need to sort this out, or the average user is bever going to use bitcoin.  i think it has to do with block size, as it costs more to get included in a block.

I agree with this. I often have to send very small payments with fees that are sometimes the same amount as the transaction, I have tried to use services like Xapo where there are no fees but it involves trusting a third party with my bitcoins.

My list of current bitcoin problems is following,

# 1. Low Adaption by Merchants – There are almost no offline merchants in my city or even in state and country. I don’t have any idea, how to spend my bitcoins on offline level.

# 2. Scams, Scams, Scams – Almost 40% of my gmail inbox are filled with spam offers/websites regarding bitcoin. Yes scam sites offering bitcoin are actually destroying goodwill of bitcoin.

# 3. Bitcoin Address – Yes, call me crazy but still bitcoin address is almost impossible to remember (I know, it’s for security but still). How if we can have feature on blockchain.info like unique url for blockchain holder profile with custom alias like blockchain.info/dudeperfect and one can simply send bitcoins using that personalized link?

The infrastructure is super weak, at least for now. People aren't going to give a shit about bitcoin until they can buy their Starbucks with it.

If Satoshi granted me one wish it would be a way for small businesses to run an ATM network. Right now the laws are to onerous or expensive, and there is not enough certainty to invest the capitol needed. But if we could just go the the corner store and buy a bitcoin it would transform adoption.

The few problems I face when it comes to using Bitcoins:

1) No Brick and Mortar store in majority of my country accepts Bitcoins. I've found a couple of restaurants that do, but they're in another state and very far aware. Would be nice to be there once and try to spend some of my Bitcoins to have lunch or dinner with family.

2) No easy means to spend my Bitcoins. Bitcoin debit cards are not shipped to my country due to Government restrictions on usage of cards by authorized Banks within the country only. So it's tough or near impossible to spend my Bitcoins at other stores. High fees for withdrawals and transactions on these debit cards. Debit card in my country have just a small yearly fee and no other transaction or ATM fees.

3) Tough to lure strangers into Bitcoin cause of the disadvantages of points 1 and 2.

4) I feel Bitcoin is used more as a commodity by exchanging and holding for a long term. I feel it needs to be transacted a lot more so gain more circulation.

5) Very tough for the old and poor to use Bitcoins. Mostly due to the technology gap for the old and availability of technology for the poor. Also, the poor can't risk the volatile price of Bitcoin. This is where they'd take a step back even if remittances would in a way be benefited due to low fees.

6) Loss of value when an exchange gets hacked. There's no top of the line security or investments on security made by all exchanges. Even popular exchanges are prone to being hacked. Probably appoint white hat hackers and give them bounty's for finding vulnerabilities and threats on the system and platform.

7) Unconfirmed transactions and usually slow confirmations when there's urgency to make a payment due to clogged blocks.

8 ) Risk of centralized mining power by Chinese miners.

People are not informed about pros and cons of bitcoins
Legislation on most countries is prohibitive to use it
Is difficult to be learned by elderly people
Needs internet everywhere
People trust this which can hold and see

I don't know about others but in my country bitcoin is not something that is even discovered so few people know about it,and my biggest problem is the lack of trust in bitcoin by the internet community so u can't find much paces to spend it , i mean there are few but not as much as to consider it equivalent to real money

As of now, These are the problems that that I encountered as a bitcoin user

1). There are a very limited merchants/businesses who accepts bitcoin that's why you need to use a third party site like purse.io (online shopping)

2). Traffic transactions, We all know that miners usually picks up a transaction with a high miners fee so if you pay low your transaction might get confirmed after a few hours or so (Normally it takes less than an hour)

3). Too many people trying to scam you .  I know that everything that has a money involved, there will always be a scam but in cryptocurrencies it is two time annoying and disturbing .

4). Freelancing jobs that pays well often includes computer -related services ex. programming, graphic design etc. In sites that pays in paypal even the easy jobs pays well .

My main problems with bitcoin at the moment are the increasingly long times for confirmations. In the past with the recommended fees it would usually be included within one or two blocks. Now it often takes more than 5 blocks.

Depending on how you want to use bitcoin, those 5 blocks may be way too long.

Adoption is picking up as far as I can see around me. More and more people are getting interested and started buying small parts of bitcoin to be sure they are not completely left out if it takes off.

The issue I have face and that have been a bother to me are as follows:

The issue of scam everywhere which no one can do anything about it once you send your funds whether knowingly or out of trust, you coin is gone no one to address the issue and even reprimand the scammer. Nothing

The number of confirmations for transactions could be annoying which should really be looked into.

Another is the popularity which is at the low point over here. Hopefully, it will improve.

My main problems are

1. the transaction speed is quite slow some of my transaction need to wait until 8 hours to be confirmed, i think because of this problem, only few stores want to adapt bitcoin

2. the reputation of bitcoin is really tainted, most of the people used bitcoin anonymity to do illegal and bad things like buying drugs or scamming other people

3.. the adoption in my country, there is no bitcoin store around here, so if i want to spend my bitcoin i need either searching the things from internet and change it to fiat and the buy the things

In my opinion; lack of vendors, long transaction times compared to other forms of payment (however a necessary means of validation) which make it challenging to buy things in person over a decent time frame, and too much centralization; referring to the development of the blockchain and the other means of value confirmation or generation, such as mining.

I would say number one is probably one of the biggest problems. I noticed that most complaints come from the lack of places to spend Bitcoins.
This has different consequences, some of them are fewer users in the market, lower trading volume, lower liquidity in the market and more price instability.

Long time for transaction confirmation is most common problem here as I can notice, except that people are talking about scammers and reputation of bitcoin. For me this problems are same as problem's that other currencies have as well, its not problem just in bitcoin to be clear about it.
Adoption will come over the time, its not something that we can speed up. It is important for bitcoin, but let's be honest who invest in promotion of bitcoin out of bitcoin world. Except we see mentioning bitcoin in some movie or news we don't see bitcoins in real world.

I have notice that the main problem about security issue whether that scam or hacker, all of it would bring negative effect to bitcoin.
Another problem such as less option to spend bitcoin as there are no merchants accepted bitcoin as payment in my city and volatile of bitcoin price are not really matter for now which these will resolve as the time ticking away.

Ok everyone: You need to pay the correct fees to get included in the next block. And No, you did not include the correct fee if your transaction took more than 1 block


You can literally choose roughly how long you want to wait, by changing the fee. Today, 70 satoshis per KB gets you into the blockchain in somewhere less than 6 blocks. 80 satoshis per KB would get your transaction in in 1 block.


If you're having problems paying too much for a transaction that's small and needs to be confirmed fast, you're gonna have to wait until effective micro-payments layers are working. There's always been recognition that lower bounds are needed to protect against people spamming the network, that's not going to change until micro-payments have a working solution. Bitcoin is a bad fit for micropayments, the design is not strong in that area.

I personally think that a lot of the issues we see are coming from... well, nothing really. Just people sitting there and saying X or Y isn't good enough for them really. The only technical issues that exist, which even right now is a topic that isn't confirmed to actually be an issue, is the block sizes for the volume of transactions. That isn't even really proven to be an issue yet; it might just be a campaign for a power grab.

Mass adoption will never happen
Scammers you can see everywhere, don't matter the currency
Never used Coinbase

About the transparency... I think it's not our problem, if the police/government wants to know something, they have to do the job, not me, not you... For me is a plus, not a problem.

The number of bitcoin users is increasing nowadays mass adaption is on going process, Bitcoin becomes stable now more facilities , apps and features that bitcoin can offer we just really need to have extra care due to those scammers.

All very valid replies. Read them all. I agree with about 97%.

DO NOT WORRY ABOUT BLOCK SIZE. Think of bitcoin as gold savings, think of doge-lite-XYZ-123- etc... coin as the way you want to pay friends for even cheaper than bitcoin fees and relieve stress from the blockchain. It would work to our advantage if we had a united consensus of which coins "we" use (meaning all of us, everywhere) .... Block size can be made into an imaginary problem.

Also note that while transactions don't verify immediately, they DO appear on the blockchain immediately. If you have already traded with and trust someone, as a business you could accept payments immediately because the user cannot create the payment on the blockchain unless he has the coin in his wallet to send. Waiting for verification is not necessary between trusted parties and the wait time can be ignored.

I will tally the replies and formulate a summarized list of the problems soon, then find people I know who might can help. Changes will have to occur if crypto currency is to succeed.
Expert marketers and programmers will be employed, but even basic bitcoin users can help and we all will profit from the expansion of crypto. Godspeed and thank you all.
~ The King

There havemore scam websites than the real exchanges. And I've to pay m low then 30th fees nowadays when I use mobile wallets which is most comfortable for me. There should be even more adoption, so that I can directly spend bitcoin everywhere without exchanging it to my local currency.

The straight up number of mongoloid halfwits that comprise the bitcoin community,  an' there is aplenty.   Bitcoin users tend to be they own worst enemies.

the only problem that I've always complain is that bitcoin is not yet adopted by other local businesses and the only way to use and spend it is to cash it out  into fiat and so far nothing else aside from that. i do not bother myself to those scam websites as I am not F*ckin dealing with them.

you right, but I think bitcoin not yet adopted by other local businesses because many people or country assumption bitcoin is used to illegal activities, so many local businesses not yet adoption bitcoin. bitcoin is also not familiar in my country. I hope bitcoin always grow up and welknown and can be used in daily life.

same here in my country bro bitcoin is not yet adopted by local businesses and some people is not yet familiar with bitcoin as they are not aware of some new stuffs on the internet and only a few people here in my country uses it therefore i think this is the main problem .

The mass adoption we are hoping might take a while to materialize because bitcoin is still in its developmental stages. We, as early adopters, should just continue to spread the word and be like ambassadors of bitcoin by making more purchases with bitcoin, talking about it in social media and all other helpful things that will assist others in learning about bitcoin.

that is good but mass adoption is not really the main problem of bitcoin. it is something that needs time to resolve itself slowly.

and i see so many people talking about scams which takes place using bitcoin. and again that is the problem that people on the internet face not bitcoin itself. what we can say about bitcoin is mainly about its block size limit which is starting to get annoying.

Oh well in time mate it will be adopted by more and more people we just needed to help it as well by simply introduce how bitcoin works and attract them to try investing or try the good opportunity to earn from it and give them specific guides because purpose will add more value in investors mind.

Problems faced by bitcoiners are not limit to one. It may be governmental issue or it could be personal issue. Like government could ban bitcoin and all our money in wallet will go in vain. Other factors could be like family problem or any personal problem.

It's will not affect hugely even some countries will ban bitcoins, remember in every country there's one government while we are using bitcoin as a universal currency. We have freedom online and that is because of bitcoin, therefore we should be thankful that bitcoins was created so we will not rely on fiat.

There are no or almost no BTC ATMs,a lot of the shops or banks don't accept BTC which would be really useful if you had to pay a credit and instead of going to a place to give the cash,you could do it by BTC and that would be really great but instead you have to do it the hard way.Also it doesn't seem like anytime soon this is going to change and this is something which should be adressed.

I Think mass adaptation is not a problem, many people are now ready to accept Digital Currency, The development stage of bitcoins was already done. People are open minded to use other currency as long as it can help them. Exchanger is not a problem also because you can convert your bitcoins now into cash anytime and withdraw it using your atm card. I think the only problem that we can encounter was the fluctuation of Bitcoin price if ever.

I think this is not such a big problem; this problem will be solve with the passage of time. As the number of bitcoin users are not still so much people still need awareness about bitcoin and only then we can aspect a good service from bitcoin, as in my area when I start using bitcoin there was not a single shope who was accepting bitcoin they even not heard the name of bitcoin, but now there is one shop in which we can do shopping using bitcoin directly.

If we are really talking about problems and not about the things that should be there then i would say that delay in transactions is the major problem bitcoin users are facing these days, we can see a lot of threads about this as well on this forum, and i recently read a thread where it was mentioned that there are almost 30,000 unconfirmed transactions. So that is a big problem for now i guess.

Hello,

First of all getting a confirmation of bitcoin transaction requires a lot of patience. Sometimes it tests it to the core and the stress builds up.

Merchants are not showing much interest in other parts of the world, as they are showing in UK. This has to improve in true sense.

The conversion fee is too high. May be exchanging companies have to cut it by 50%

The problem is that people is simply not ready yet for bitcoin. First world people will not see a point in bitcoin until governments start pushing their ban on cash agenda, right now only the big bills are going to get removed, but eventually smaller bills wil lget removed too and this will cause people to start looking for alternatives, its then where bitcoin will shine since it will be the only way out to get around the government sick control over 100% of people's money.

While Bitcoin transactions are relatively cheap themselves, the percentage that many exchanges take for transferring fiat to them is insane. It may not matter that much if you just come to buy a few bitcoins with no intention of selling them any time soon, but if you are a trader, this may be very annoying and discouraging. Some people use exchange codes to get cheap rates, but I don't trust moneychangers.

Yes the biggest problem that I face is to find place,services and individuals that accept bitcoin and because of that I have to first convert it to my local currency before I could spend it.Another problem is indian exchanges to not offer conversion rate at par with international bitcoin rates

Bitcoiners to me  face quite a myriad of problems regardless of the country or location as mostly they are universal from my position I would rank in other of priority

1. The legality issue, this is a fundamental fact that I face and couple of guys faced and that has been a major concern as people outside Bitcoin perceive us to be doing something illegal for using Bitcoin since its not "Legal" after all. This has been the issue we have to face and has been a limiting factor in bringing other people to the family.

2. Inability to spend Bitcoin online as it is not popular, its even more expensive to buy abroad and import compared to changing over here and then buy. Another germane issue.

This is one of the two major problems that I can think of that we may face today and in future. As we know, that bitcoin is still not that mass adopted.

So we can't use bitcoin directly to our desired service providers, malls and groceries stores. But still there is an option for this, we can just simply convert it to cash.

And the other one that I indicated is the unconfirmed transactions, I haven't experience this yet. But maybe in the future this can be a flaws for us.

main problems for me
1. when the rate bitcoin drop This makes Restless
2. bitcoin which had no legal basis, even in a country prohibits the use bitcoin ,

I see to many people who are able to, try to send unconfirmed Bitcoin.  I think that this should not be allowed and I do not see any reason for them to do so.  I do not know if this slows down the confirmation or what, but it seems there are a lot of those complaining about not being confirmed are people who spent what is not confirmed.  Any opinions?

Hm, I'd have to say scammers atm. There are a lot,a lot of scam websites that try to steal btc from users and since bitcoin is anonimous, it's kind of hard to get them back or find out who has them.

Problem is that bitcoin is somewhat unheard of here in the philippines. I just learned about it through my co-worker and been studying it ever since. There is only one popular online wallet i know available here. So generally it is new here. Users i knew a few only. And knowledge not yet spread. Hope it will change in the future.

Most of bitcoiners encountered a scam online and also phising. Trusting to a stranger online is one of the reason they get into scammers who presented good ideas which lead to failure in reality as profit has nothing to gain specially when investing btc. In order to overcome it, don't trust immediately and seek assistance from an expert friend that you will not a victim of scam anymore.

Currently trending problem that bitcoiners are facing is unconfirmed transaction. Me and my friend both had faced this problem and our bitcoin reversed back to us this is first in history to face such problem.

Confirmation time is becoming more and more a problem especially if you keep the fees that come as default in some of the wallets.

These are the same problems i face exept coinbase,i don`t use them anymore.

I don`t think that these problems will be solved soon.

That's true but it's not a problem. Just pay the fee to keep your transaction fast. I think it's still justifiable in terms of amount.

One problem I see with bitcoin is that it's not resistant enough against FUD rumors.
Once a rumor is put into the world, there are still many people who immediately believe it. No matter how uncertain the source is.
That resolves in price drops. Fortunatelly I have noticed that these drops are becoming smaller and the price recovers faster.
So we are on a good way in that matter.

I think it is not such a big problem, I think there are a lot of trusted form who can provide you a good and trusted service, you just need to search for them and hope that when you will start using their service your trust and confident over them will also increase.

Currently the problems bitcoiners are facing is longer transaction confirmation time. Still 40k+ unconfirmed transactions.

The problem I would name are really different from those mentioned by the OP. Firstly, the problem is that you can't really do anything with your btc. I mean, you can't buy some stuff in your everyday life. Secondly, the price is a bit un stable, so you may pay for something and then the price of btc will drop and it's just as if you payed more for that stuff. The third problem is the legal status. There aren't many countries in which btc is legal, so it's a bit risky to use it sometimes.

The major thing problem about the bitcoiners face was, bitcoin is not that easy for the individual to understand it. Then once they pass through about it the problems was in the online bitcoin sites I think,

Since every new site or new services are coming to earn unlimited money without hardwork So most of them are scam .
But in bitcoin only very less number is sites are legit .
And in bitcoin , I think no problem that i faced  but sometimes confirmation makes me worry .

For a long time in my bitcoin experience. There no big problems ive been encountered so far. Other than big crashes, here are some minor problems i've been encounter until now.

1. Few people especialy in my country knows bitcoin.
2. Few local establishments or stores accepting bitcoin.
3. Weak popularity. I ask 10 people if they know something bitcoin. They said "whats that?".

I really hope next year will be a different story.

The main problem is that there's too much friction to convert Bitcoin to cash

I'm bit thinking about the new people who are getting to know bitcoins for the first time. Because these scam sites are keep on increasing.

So the people they are scamming and being there victims are becoming more and more as the day goes by.

This is I guess one of the problems that bitcoiners must be addressed.

Scam sites does have negative effects to bitcoin and makes user should be careful and do your own research before invest.
I think these kind of deception and hackers is the major problems that bitcoiners face. Moreover, another problems such as long confirmation wouldn't be matter as you can't cancel the transaction when it already sent.

They do but it's not bitcoin who told them to scam people. If fiat is use in illegal activities then bitcoin is also being use. It's normal, we can't control people.

I guess bitcoiners from the countries like mine face more problems than the ones from European or North American countries. Here even my friends don't know about bitcoin and if some of them do they don't take it seriously so I also find it difficult and have had a hard time finding referrals to the bitcoin programs which helped me earn whatever little bitcoin I earned I know this problem of mine might sound ridiculous to some of you but after all it's one of the problems which are faced by most of bitcoiners. Also there are problems like scam sites which I have also been victim of, not finding trustworthy people who I can exchange my digital money for my country's fiat currency etc etc. There are still more problems which I have personally experienced but above mentioned ones have been the biggest ones in my case.

Probably sending bitcoin to buy actual physical goods or grocery on a day to day basis? Bitcoin is viewed as an investment channel rather than an actual currency right now. This needs to change and needs input from the bitcoin community.

Also the transaction fees are getting higher... Obviously still lower than WU but getting higher due to full blocks as well as higher BTC price.

Surely it does have negative effects to the whole bitcoin ecosystem. For example, a newbie and aspiring bitcoin users wants to try bitcoin as his investments but he is lack of knowledge and suddenly gets invited to invest to a scam site. So what happened is that he gets disappointed and doesn't want to try to invest with bitcoin again after he got scammed.

well that was the problem of other people on their own and not their problem on using bitcoin. bitcoin is not responsible in any lost of people who got scammed because bitcoin doesn't want these people to be scammed and those fraud to deceive other people.

Even now there are still bitcoin users who knows how to transact with bitcoins but doesn't really know what it is .  Almost all of them thinks that bitcoin is a magic to make money fast, That's why the scammers are taking advantage of them .

Scamming is the thing that has existed for a long time ago but in bitcoins, it just keeps increasing to the point that it becomes disturbing and annoying .

So the main problem is the people joining scam sites, Scam sites can quickly close its business if it doesn't have a customer that get tricked .

Even if this is not the problem of bitcoin at first hand, it gives negative impact to bitcoin itself and eventually it gives bitcoin a negative thought and make new user avoid it because of false belief made by scam companies that uses bitcoin as bait to exploit people's greed.  This will somehow hinders bitcoin mass adoption.

For me, my main problem with bitcoin is bitcoin still lack of adoption. I can't spend bitcoin freely as for payment. There're not many online/offline stores that accept bitcoin as their payment, especially in my country.

This is mainly because scam sites are usually among the first to pick up various innovations. Unlike real merchants, they are not going to lose much, anyway, even if Bitcoin fails in the end. This is also true in regard to other illegal activities where Bitcoin is thought to be involved. Their profit margins are very high, for example, thousands of percentages for drug trafficking, while Bitcoin gives them enough anonymity as well as a lot of other benefits, and thus they don't particularly care it survives or not in the long term...

Legitimate vendors, on the other hand, don't need as much anonymity as stability and predictability of the coin

Legitimate vendors don't need stability or predictability of Bitcoin because they convert their Bitcoin profits back to fiat on the spot. I don't think Steam or Overstock or any other online vendor for that matter care much about how unstable Bitcoin is right now because they exchange these digital tokens for hard cash in their bank accounts. They use Bitcoin to get more paying clients and that's all.

The main problems for us is the difficulty of bitcoin to convert it to fiat. Like in my age under 18, it's difficult for me to convert it. I need to go to some remittances or have a credit card to convert it which is very bothersome at my age. If i really need some cash i ask my friend who is also a bitcoiner too(older than me) to give me some cash and i'll exchange it with bitcoin.

Correct, and same with fiat there are also investment scam in real life. Too bad that with bitcoin you can not run after the perpetrators after they scammed you. Unlike in fiat that you can have some documents etc.

Since bitcoin is as good as cash, like cash we must be very careful also when dealing with HYIP especially with internet.

Some big time scammers have been caught in the end. For example, Bernard Madoff (https://en.wikipedia.org/wiki/Bernard_Madoff) of the Wall Street fame ended up in prison sentenced to 10 years for allegedly stealing $65 billions from his clients, but many still managed to get away with it and their clients money. I haven't heard that anyone behind the notoriously known Nigerian e-mail scams had been caught and put behind the bars. That begs the question, namely, how often scammers in real life get caught to make such scams differ greatly from Bitcoin ones in this regard?

I guess the difference is inconsequential for the most part

Lot scamming websites coming into existence with the name of bitcoin. This doesn't make difference between the trusted website and the scam. Because of this lot has lost their hard earnings. Another thing is the acceptance, users feel convenient with bitcoin for all their transaction and shopping, but lot time and adoption is required to make it mainstream and get more acceptance among local businesses.

There are many problems that most bitcoiners face but the most common one is the very few number of companies who accepts bitcoin as a payment and also the people who are aware of it are also limited.

My prediction is in the future, bitcoin will be recognized by many people and many companies will accept it as a mode of payment.

It basically doesn't really matter whether or not a lot businesses are accepting Bitcoin as payment option. People don't have much incentive to spend their coins as they treat Bitcoin far more as an investment tool rather than a currency tool. In that regard, even if there is a huge influx of businesses accepting Bitcoin in the coming years, they will notice that this payment option will not see much usage. Especially when you consider that the average joe type of people mostly give the prefference to PayPal and Mastercard & Co when it comes to completing purchases. Demand will come from people looking to escape the governmental/banking system, people looking for an investment, store of value, etc.

This is only partially true

First, we don't know that for sure. Personally, I would rather keep my bitcoins than spend them on trifle things and food (and advise everyone to do the same). There is fiat and bank cards that I'm quite happy with for the most time as of now. But not all people are like me, though I heavily suspect that many are. Second, the first doesn't actually matter. Bitcoin as a means of payment used by merchants and businesses would make sense only if the loop is closed. So even if they start accepting payments in bitcoins but convert the proceeds later back to fiat, this won't change a thing in the end. On the other hand, if businesses start paying their own bills as well as wages with bitcoins, those who receive these bitcoins will most likely use them as a means of payment, not as an investment vehicle. And that seems to be the crux of the matter

i think decreasing of bitcoin price is the main reason because if someone buy bitcoin in huge amount and then hold it for high price and suddenly the bitcoin price drop to half value then they will be get a big lost.

People that associate bitcoin with easy money.

Other day I saw a scheme where the guys plotted a lot of cars with the bitcoin logo and they are a ponzi scheme that "sell" hair products or something like that, imagine it for a people that never saw bitcoin what, just weird.

One of the problems that I face (and maybe some of the bitcoiners here as well) is the availability of people willing to sell the items I need in exchange for bitcoins. Most of the people I asked to buy things from in exchange for bitcoins either believe that I'm a scammer or bitcoin itself is a scam. It's nuts, like before I could use my money, I would need to convert it to fiat first. :/

The main problem of bitcoiners is not the system but rather the greedy selfish people who will to try to rob you of your account and bitçoin. This issue is really big since scammers account hijackers profile stealers will not only steal your bitcoin but might also destroy your reputation and take out your source of income

Decreasing price? Where are you -- stuck in 2014? Bitcoin is up something like 150% in the past year. I haven't been watching the market too closely, but every time I check the price, my portfolio has risen in value.

Hoping this isn't just a correction to the 2014 bear market, and we continue on the march towards $1000....

Well in my experience i face some pending sending and receive like few days ago when i was receiving my signature payment for week for 0.0147 with fee of 0.0001 satoshi and it takes a day before i receive it. this is always happening because of some wallet like coinbase you can not edit or manuallypay a  fee for your transaction that can result sometimes of delay..
Also as a bitcoin user i am still not satisfied the fees this days because i experience to pay $1 in small transaction..  because the size of transaction is above 1mb,,
I hope it can be change in the future.. because we are using bitcoin because of low fee..

I agree,  that is the obvious problem of using bitcoin. Cutomers are need fast and practicaly transaction. People will not like to wait and stand in supermarket although only 10 minute. I hope this problem can be solve soon.

the merchant just need to accept the transaction by zero confirmation. simply checking out the fees given and be sure to be above minimum requirements. no double spend at the time by checking the address' transaction. everything would be fine and there's no need to wait since it's obviously zero confirmation

I hate to say this comparison because I make it a lot...Online Poker started to die once people started to learn how may of the regulars cheated and the issues stacked from there.
You look at bitcoin and the multitudes of scammers on here and in the bitcoin poker scene and you have a issue of perception. Till people see some good coming out of the scene it is destined to wallow in its filth till some one steps up.

Definitely... Bitcoin scammers are so plentiful out there in the bitcoin world that there is really sometimes no difference between a scammer and a legit user, and it is pretty hard to pick out whom is whom.

But anyways, this is because of bitcoin's irreversibility. Scammers love that.

One problem is that there are exchanges that scam customers or just go out of business. If they take our bitcoins, there is little recourse to go after the sites to get out bitcoins back. The authorities have a hard time finding the people guilty or recovering the bitcoins.

It's not a problem, there's a lot of exchange sites that are reputable and that is the only solution to your problem. Trust your money with them.

for me , i not yet having problems so far because i am new to in bitcoin .. my trouble when i first knew bitcoin is What should I do with bitcoin
but thanks for share your proplem this is add my knowlegde about bitcoin.

Most common problems are:

-Many investments sites like ponzis and hyip are showing up these days and still many people invest at that sites and few days after they get scammed.
-The difficulty of converting it to fiat.

They are not a problem IMO, and in the first place it's not an investment, there's no way it is and only people who are desperate enough of making quick money falls victim on that and it's not a big problem but an isolated cases.

Scammers certainly love that, but I still think the main cause why scammers are loving Bitcoin so much is mainly thanks to the ease of online payments made with it. You don't need to open a bank account and reveal your identity, therefore, it has more to do with Bitcoin anonymity, not so much with the irreversibility of payments as such. Once you get money transferred to your bank account, you can withdraw it immediately, but you can't withdraw your identity from the bank records.

Lots of scammers and hackers, slow adoption on many people and online businesses. Sometimes the confirmation to a wallet is slow and it takes a day or two before it fully confirmed.

It's our fault if we got scammed or our wallet was hacked. Adoption can take time and we should just collect bitcoin now while we can because in the future it will spike. But i agree with the confirmation takes a lomg time to finish. It is really a hassle if we really need that money right away.

For me, the top 10 problem is:

1. The price goes up and down too fast! It was at ~$700 when I first heard of bitcoin, once down to $200 (that's when I had lost confidence in bitcoin and started selling my old account) and now at $700+ again...

2. Negative exposure to the public. e.g. my computer have been hacked earlier this year for some BTC1.2 ransom or all data is lost... At least this incident made my family thinks that bitcoin is a really bad thing... (We haven't paid a satoshi to the hacker and recovered our data though)

3. Low adoption rate. In my city I have never see a shop accepting bitcoin, and I have only seen a shop with bitcoin symbol (bitcoin exchange shop?) outside when I travel to the next city...

4. Very expensive transaction fees. It was BTC0.0001 but now a higher fee should be paid or the tx will not be confirmed within few hours... For BTC0.0005 (~$0.4 now) can buy me a pack of candy but I'll now have to 'burn' it away as fees... Especially for my faucet payouts, this high fee already taken away a huge percentage of my earnings :(

5. Hard to memorize bitcoin addresses. If Peter told me he had BTC address 1ooo15cT8HTdBir1nKUnw4EDPsa2tkszK and Mary have address 1ooo2rqenMxrgXgz4JkcWs4cdhRBYdhQL, I would have remembered only the first 5 digits of them (because they looked like 10001 and 10002)... The rest of the digits looks like random so I cannot send BTC to them unless I can copy-paste them... (The address book in wallet can solve this, but what if I send from exchange?) (These 2 addresses are all owned my mine and they are vanity addresses so the first few digits are recognizable, other addresses have all 34 digits (or 33, BTC addresses with <32 digits are rare) almost random and even harder to memorize :( )

6. Very large blockchain. I have considered downloading the full bitcoin client but the blockchain size of even 10GB have scared me away from doing that back in 2014... Now the blockchin size is approaching 100GB and would have take up half of my C drive (in fact I have only 80GB of free space now and still decreasing!).

7. Long block time. Even I have paid enough fee so my transaction is going to be confirmed in the very next block, it still take an average of 5 minutes for 1 confirmation... For sites requiring few confirmations the time needed is even longer... I have once waited more than an hour before a network block is mined so my tx cannot be confirmed in that hour!

8. Mining difficulty is too high. For a practical computer, earning from faucets is much more faster than mining bitcoins (or even CPU-friendly altcoins). This makes the distribution of new bitcoins concentrated to those who invested for ASICs, which pollutes the environment while using electricity for mining...

9. Satoshi's 1 million 'premined' bitcoins. Although they are not in market yet, once they do, it will crash the price of bitcoin by a lot. Also if satoshi decided to sell his coins, others will think that he have lost confidence in BTC and hence dumping them too. By this Bitcoin will worth nothing but just a part of the history.

10. Crashing of private keys. Although this will not happen in the near future, this will happen a day. After this once can spend BTC belong to others, which will make the system insecure.

Right now the main problem i face is that the transaction takes too much time and it is really annoying , i do know what the real issue is but it has being an issue for a long time and i hope the developers will settle the issue as soon as possible.

Yes, the transaction is so competitive, who pay higher fee can complete the transaction faster. We need to wait atleast 10 minute for normal transaction. But I still loves bitcoin anyway. It is the best cryptocurrency.

the main problems I face :
1. how to explain what bitcoin really is in a simple way people can understand it easily.
2. there are some stuff I do not know exactly about bitcoin.
3. I am not sure if I spend bitcoin, who are helped.
4. do not have much time to earn bitcoin because I am a college student.

the stakeholders should really take this matter seriously, people would just leving to use bitcoin as currency as a payment processor if the transaction take time longer , even if we compare to another online payment processor bitcoin are the fastest among them , it's still causing a bad impression for those people who just know bitcoin.

With the advent of commercial mining casual miners had no part in the mining process and this is the problem we are going to face in the future.Right now the transactions are really getting delayed and corporate style mining is going on in many parts of the world.

People have nearly no knowledge about btc. In my country 99% people do not even know , what bitcoin is !!! But now a days, bitcoin is being introduced locally and people are showing interest too. Underlying block chain tech is a awesome invention. Soon, btc will be adopted in wide range. But it will take time for Asian countries. Although btc is too popular in India, already

I do live also on an Asian country which i could really say that bitcoin adoption is really slow and also a small portion of current population is only aware on bitcoin existence thats why i do really like for people to have knowledge about this coin since its really helpful for people not only on its benefits but also to its earning capabilties that it gives.

Same here, i also feel like how to explain bitcoin to someone who asks about it in a simple way because it is quite complicated for someone to understand who has never been in such business, and i also face the problem of time like you as i'm a student too and i'm also teaching kids in academy so i get really less time.

The main problems that bitcoiners face that
-they have to show their income to their income tax department
-they are in a dilemma of too many options that in which place will they be selling their bitcoins
-bitcoins is not being adopted at all in india .people would have not heard about it till now.

Correct me if I'm wrong on this, but you don't need to report your income unless you decide to withdraw cash to your bank account. As long as you trade bitcoins and your Bitcoin stash grows, you should be safe in this regard. Because Bitcoin is considered as a commodity in many countries, you often don't have to pay the capital gains tax, especially if you held your bitcoins for longer than a certain period of time. I heard about 1 year period after which capital gains are not taxed.

Everyday adoption & the strong competition with Apple Pay, PayPal etc

I accept that your first two options are correct but showing in income tax should be good as you can generate capital income, about adoption in India, it is true that adoption is not their in india but i can see that lot of them are knowing about bitcoin as their are so many exchanges running in india which are going very good and even on november fiat currency crisis bitcoin gained very much interest from users.

Probably adoption. In some countries, government even ban Bitcoin for no reason at all and they tend to arrest people if they are found out using Bitcoin illegally. Well, in some other luckier countries, they can still keep their Bitcoin, but it is very hard to find someone who accept Bitcoin as a type of payment and there is no exchange around. Only in developed countries, people can freely and easily use Bitcoin daily without any difficulty

i think bitcoin is very much stable crypto currency and i do not face any problem with bitcoin and i want to buy more bitcoin for the future because bitcoin technology will be more improve in the future and i am sure bitcoin future will be more rise .

The main above all is to agree eachother. That's frightening how now, with a very small community, we're facing big dramas and monthly crisis with developpers wanting to turn Bitcoin Core to its advantage. Satoshi should be desperated seeing what's happening...

The biggest hurdle. Justifying dat stuff against oneselfes in the mirror. I recognized to have absolutely no single purpose for Bitcoins. Just dabbling in it.

I don't have any big problems with bitcoin. Maybe I would call that payments are not so high that I would like to, but it depends from me and my activity also. I had only the one problem that I faced to in the most beginning - me and my boyfriend used our home wi-fi for commenting and we both were blocked on this site cause of too much comments from one place with different accounts.

That's why I agree with the implementation of improvements like segwit, which will allow Bitcoin to scale efficiently, making life easier for users. With this implementation, different applications, such as lightning network, will also be possible, which will also make things better for users.

The main problem, in my opinion, is the confirmation time. For example if you want to trade with anyone, you cannot trust that person because even if he sends you money, that amount can get unconfirmed and the trader gets both the money and the items you traded.

But I think now the timing of confirmation is not a problem because people often believe on first confirmation and that confirmation often occur within a few seconds so people do not face any problem while doing any trade or other transaction. Only a few times in the last year I faced a little delay in the first confirmation.

Numbers 1 and 2 are the very much seen problems. Accepting payments thru the means of bitcoin is not that easy to find.
A while back I am getting problems to how I will put my Paypal, Skrill or Neteller funds to bitcoin. There is no option of just sending it but you could buy which will again give you a transaction fees. I have too much fees to put it there and now I am paying again.
Scam sites all over facebook are all there with just different fronts.

The problem i usually face with bitcoin is the lack of good bitcoin exchange in my country.There are some but have some bad things in each of them,some only accepts high amount of bitcoin and some are that only work in android like zebpay.So buying and selling bitcoin is the problem i face.

Even if its not bitcoin, If its use illegally then its natural for that to happen, And governments don't ban it for no reason . Don't forget that the nature/concept of bitcoins is enough reason for the government to be wary of it .

If there is no bitcoin to fiat exchanges there then trade peer to peer there are many platforms you can use like local bitcoins or even here . For now that bitcoin is not fully adopted yet that's all we can do but surely it will get better in the next years .

Indeed in fact bitcoin is a digital currency that is too open or too easy to use as a place of crime or corruption in large numbers (the money exchanged in the bitcoin). Where they cannot be known and not all people know who the owner of the bitcoin (if they can know the addres adress). Indeed I think that all the Government is very careful in deciding on case or problems occurred in the bitcoin. For all countries not wanting to harm all those who knowing or using bitcoin

Quite a lot of questions, first of all, there is no one country to support BTC buy a house, ha ha ha, which requires the process

May be the biggest disadvantage is that  there are not many adopters in our country and most of them are using it only for hoarding. So buy/sell goods and services using bitcoin as payment system practically does not exist.

Stability and ease of use. Both will as BTC matures. I do not worry about it.

The main problem that ma country face (and think that is not the only) is the bought of bitcoin. Actually I have only one place when I can buy bitcoin (cex.io) and it would be better to have more than one. Then the second is the fact that bitcoin is not yet regulated at my country and I am always in doubt about the investments in crypto. And if my government or central bank ban bitcoin?

Bad thing about your country but there's good news about it. That bitcoin is not just basing on the cycle of bitcoin economy in your country.

Don't worry there are still other countries who do a lot of transactions daily and that is making the economy of bitcoin greater.

Hoarding is just normal for those people who are longing for bigger profit and I don't think that is a big disadvantage.

   I think bitcoin main problem is or will be banks, and who ever stand behind them. Adoption is not a problem as many people here says it is, that will happen eventually when people find out about bitcoin, I know many people that never heard about it.
   Scam websites are problem, they will push away many people, but there is scams with other currencies as well, so open minded person knows how to be protected in this time, stupid people will be scammed in any currency.
   Hackers are the problem, it will be difficult to solve that problem and create laws against that. There is always some 'paradise' where they working from, and nobody can do nothing about them.

For me the problem has to do with global acceptance and we'll get there one day. It needs to be accepted by world governments in order to erase the fear of usage from non users.

Exactly i am also looking for the same thing if our government will accept this Bitcoin as a legal currency. We can freely use bitcoin for all purpose. The main problem is we can not use Bitcoin directly in my country I have to exchange my BTC to fiat currency they will charge high currency this is the problem we are facing in our country.

yes but i think bitcoin is still new, and most of the people do no know any thing about bitcoin they need introduction about bitcoin and hope that we will receive a good response from the people.

i think stability is not a problem as people are entering in world of bitcoin therefore we can see the fluctuation, otherwise there bitcoin price is no so much stable as we can see that it is noncontinuous increasing and not coming down any more. hope that this strategy will continue for a long time.

In my experience about this matters, the commonly problem that I encountered in bitcoin world is that many of the scammer's appeared in this industry. They used bitcoin their own interest. and they found out that majority of the member here are innocents that's many became a victim's of them. Even in different mining sites about in bitcoin I found out that there is many scam sites also rise up here too.

This is mainly because people are using Bitcoin to earn profits and don't use it for real trade. They are looking for opportunities that would allow them to earn more but end up being used themselves by scammers. If Bitcoin wasn't itself promising quick profits, there would be less fraudulent schemes which employ it. And people are greedy too, but they have always been like that.

Yup, it's something that has indeed become a problem because most people use bitcoin only for investments and they have no desire to introduce bitcoin to everyone they know or to everyone. It is indeed something that could make growth bitcoin stalled, because something great comes from loyalty and growth or demand from everyone. If the request is bitcoin slightly and supplies stock a lot then it is the beginning of the bitCoin will be crushed

Bitcoin transfer time is too long - can be up to one hour or more. In Blockchain wallet you can not transfer small BTC volumes, send transfer do not go through. Bitcoin privacy can be much better like in altcoins, for example, Monero.

That would stop being a problem if you could just start learning about all those things. Scamming is a very easy thing to do. You just need to "bait the fish" and you'll get your money. You will always be a fish to the scammer's eyes even if you already know their gimmick. You just have to ignore the "bait" when you see one. If the deal's too good or even just slightly better than the usual deal, then you should start becoming suspicious. He either send first or you guys use escrow. If he passed, then that means he's a scammer. Never send anything first.

I also think that things need to improve, but it is a matter of time, the network will gradually receive improvements to increase the efficiency of transactions. And with respect to privacy, there are features that allow you to improve this, such as btc mixers.

Bitcoin is difficult to purchase through brokers, fears of scam. Etc.. Exchange fraud or direct deposit delays may lead to problems of dealing with the wrong people.

In no way is BTC a bad currency, it just surpassed the bubble phases after faucets opened more application opportunties not only with this coin, but with all alternative cryptocurrencies alike. There is still yet to come so if you're having too much trouble simply ignore it until fixes take place once the economy fully evolves.

Some  mor eproblems is just easy conversion

like, as a bitcoiner, i cant just go to an ATM and quickly convert my btc

it sucksssss

It is with no doubt that us bitcoiners face the difficulty of not being able to use our hard earned money on the daily needs like paying bills with bitcoin or going to the supermarket or restaurant and use our wallets to pay, but there are solutions we can always exchange it to fiat but that does not serve the purpose of bitcoin which is using it as a major currency just like fiat.

Bitcoin transfer doesn't take that much time as quoted. Based upon the network, the variation in the time of confirmation takes place. Once on transferring bitcoin, soon the send bitcoin comes under the notification of unconfirmed transactions, which itself serves as a confirmation.

But if bitcoin get huge much adoption the transaction can be slower. The transaction is really competitive who pay higher fees can comeplete the transaction faster. We need to wait atleast 10 minute, but it still faster than paper money transfer world widely.

currently, the only place you can go to buy and sell bitcoins is Coinbase which is under IRS investigation, if you ever bought or sold bitcoin there, IRS will audit your tax. Bitcoin users are completely screwed in the USA.

I assume you mean that Coinbase is the only place for you to buy your coins, right?

Nowadays there are so many other services where you can buy and sell Bitcoin. Best thing is that they offer a wide variety of options to make a deposit.

That being said, what happened with Coinbase regarding the IRS, is just a start. I wouldn't be surprised that at some point other exchanges will undergo the same treatment from the IRS.

Bitcoin is a growing industry where the government is (according to them) missing out on tens of millions in unpaid taxes. It's more than worthwhile for them to open the hunt on people through their exchanges.

That's not all the problems that bitcoiners face; there are just some that encounters it when transacting with people. Whether they can be trusted or not. Mainly, it's the application in the real world . Also, there are just some close minded people that don't want to adopt Bitcoin.

The main problem when knew about bitcoins, I want have much money from bitcoins by fast way.
But today i know it is immposible for get much money in it.
The fact not all of us getting money from bitcoins even just for a little money from bitcoins,
I just can make a little money from trading altcoins, but i am sure by the time itu will become large money.
So bitcoin is not fast way for looking for much money.

Bitcoin world wide transaction is still faster than banks transfer. I think there are nothing serious problem that bitcoiner face. Although bitcoin amount is limited but it is can be divided into 8 decimal.

That's true, it's more faster because there is not intervention by a third party, we are transacting a very faster way and decentralize way. People loving it since the fee is very cheap and there's no restriction on your status in life to be able to adopt with bitcoin. It's definitely the freedom we are looking.

Yes there are not serious problems that a bitcoin users will face. I guess the problem is that how we are going to get bitcoins very fast.

But the answer for that is we know already as there are a lot of source out there and it is just going to depend on how we are going to work hard for it.

Certainly there are no major problems I can see that we will face unless bitcoin is going to lost its value.

At first they were going to ban Bitcoin and now they are going to tax it? I don't think people will welcome this idea. It the IRS and their likes really start heavily taxing people in big numbers, people will simply stop using the exchanges that are reporting on them. Besides, because exchanges like web wallets are mostly online businesses, there will be a push to register their services in countries and jurisdictions with small tax burden.

its true and we know how hard to earning bitcoin by free unless we have money to buy directly from market exchanges or third party service. beside that, for now, if we want to buy 1 bitcoin, we need at least $900 in our hands but fortunately bitcoin can be bought for a little amount so we don't have to buy 1 bitcoin. the others main problems for bitcoiners is in the out side many people will consider that bitcoin is something that they have to avoid because bitcoin is ready to scam them but its wrong, this is because in out side, we know that many investment programs which using bitcoin as the payment has just make the people to loss their money in bitcoin so they called bitcoin is scam.