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ricardobs
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February 17, 2016, 01:39:47 PM |
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my biggest problem is probably the fact that it is a currency that isnt accepted by many or most stores and businesses.
This may be a problem but not too big. You can easily exchange your bitcoin in paypal balance in Currency Exchange Section. My problem is not with bitcoin, my problem is bitcoin wallets.. I am still confused which wallet is better to use.. |
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nanonymousx
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February 17, 2016, 01:46:09 PM |
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My main problem with bitcoin is confirmation time, many sites are asking for 4-6 confirmations and this is taking allot of time sometimes "sometimes even hours in slow confirmations time".
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Jemzx00
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February 17, 2016, 02:03:09 PM |
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Well the biggest struggle on Bitcoin is that it is not available in most sites .. And another is that they're transaction confirmations .. And Safety on bitcoin wallet especially now that I heard people lose bitcoin on they're bitcoin wallet from which thiefs just only need bitcoin wallet address
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tn211
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February 17, 2016, 05:25:54 PM |
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Well the biggest struggle on Bitcoin is that it is not available in most sites .. And another is that they're transaction confirmations .. And Safety on bitcoin wallet especially now that I heard people lose bitcoin on they're bitcoin wallet from which thiefs just only need bitcoin wallet address
Yes it is hard to find some websites that you can pay with Bitcoin. But my problem is that I dont know when I must sell it. But the value is now quite low so I dont will sell it for a long time. I have patience and I will wait quietly. |
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BTCdoctor
Member
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Activity: 112
Merit: 10
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February 17, 2016, 05:42:10 PM |
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The transaction fees are rather high for my liking.
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elloco4ever
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February 17, 2016, 05:49:41 PM |
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Well the biggest struggle on Bitcoin is that it is not available in most sites .. And another is that they're transaction confirmations .. And Safety on bitcoin wallet especially now that I heard people lose bitcoin on they're bitcoin wallet from which thiefs just only need bitcoin wallet address
Yes it is hard to find some websites that you can pay with Bitcoin. But my problem is that I dont know when I must sell it. But the value is now quite low so I dont will sell it for a long time. I have patience and I will wait quietly. Just make sure you dont wait too much start analyzing the bitcoin market and try to trade it when the price is high sell it and buy in bulk when the price is low. just dont wait too much and lose patience because you might end up selling it at low price |
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Cuidler
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February 18, 2016, 12:05:31 AM |
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My main problem with bitcoin is confirmation time, many sites are asking for 4-6 confirmations and this is taking allot of time sometimes "sometimes even hours in slow confirmations time".
The first confirmation is most important and unfortunatelly takes most time especially in peak times when there is a lot of new transactions - might take even hours. Although next confirmations come in about 10 minutes on average each, Bitcoin companies should want 4-6 confirmations only for high valued taransactions, definitively only 10+ BTC. |
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trinaldao
Copper Member
Legendary
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Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
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February 18, 2016, 12:31:46 AM |
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The transaction fees are rather high for my liking.
i think the bitcoin is lowest fee if you compare it with other payment method like paypal, visa, etc. the current normal fee only $0.01 its very very low fee |
INVALID BBCODE: close of unopened tag in table (1)
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elite3000
Legendary
Offline
Activity: 1073
Merit: 1000
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February 18, 2016, 12:51:08 AM |
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Problem is the battle between transaction fee and transaction time and network spam, sometimes the waiting time is too big and/or the transaction fee is too big
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blackmachinegun
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February 18, 2016, 02:17:45 AM |
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The transaction fees are rather high for my liking.
lol transaction fee is around 0.0001 btc dude. its just $0.04, its not expensive dude. look in other payment procesor like bak or western union, they take more transaction fee, probably about $ 1, so I think the fee for bitcoin transactions are still very small |
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mrflibblehat
Sr. Member
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Activity: 350
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
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February 18, 2016, 02:41:01 AM |
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The bitcoin transaction fees are actually very acceptable. More than acceptable. Let's hope they remain this way.
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neonshium
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February 18, 2016, 05:58:04 AM |
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With respect to my countries trend, bitcoin is still new and the the e-currency market has to travel more miles and yet has to be established for several more years before people can really trust it here. But till then I will be saving bitcoins.
I am also saving my bitcoins for the same reason. But I am happy I got a reason to save it for longer period. I believe when I have more value of bitcoins I will not need to convert it into fiat, just spending bitcoins for everyday life would be amazing at that time. Yes, when more widely bitcoin getting adopted then it becomes standardized the more it's value will become stable. Right now the best option we have is saving it. I too ignore all my problems and I just focus on saving more bitcoins. |
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goinmerry
Legendary
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Activity: 2940
Merit: 1083
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February 18, 2016, 07:04:01 AM |
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The bitcoin transaction fees are actually very acceptable. More than acceptable. Let's hope they remain this way.
Transaction fees are really low except for other website where they cut your withdrawal with a lot of satoshis. Example is one gambling site I saw where you will pay a lot to withdraw what you have won. That seems to be hard but it is gambling so what can we do. |
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trinaldao
Copper Member
Legendary
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Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
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February 18, 2016, 07:16:05 AM |
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Im no have big problem with bitcoin, because bitcoin help me to collect some money and bitcoin change my life to utilize my free time.....
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INVALID BBCODE: close of unopened tag in table (1)
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diegz
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February 18, 2016, 08:52:12 AM |
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I have no problem with bitcoin, except for shops to spend it, the only way I use my bitcoin is when I put it in my wallet in a exchange site and convert it to fiat...  |
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BowYang
Newbie
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Activity: 40
Merit: 0
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February 18, 2016, 09:03:11 AM |
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I dont know about you, but i hate the need for confirmations and with that, the confirmation time.
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pogress
Member
Offline
Activity: 96
Merit: 10
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February 18, 2016, 10:08:28 AM |
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I have no problem with bitcoin, except for shops to spend it, the only way I use my bitcoin is when I put it in my wallet in a exchange site and convert it to fiat... Some accept only Bitcoin payments, this is very rare so far but when it happens usually there is not better alernative to choose from like trezor hardware wallet and some mining ASICs as well. So there are products where you need Bitcoins only actually. |
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russian_pete
Member
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Activity: 66
Merit: 10
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February 18, 2016, 12:53:19 PM |
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I don't also like Bitcoin's price volatility due to the fact that you could lose your investments quickly. This is a disadvantage but it also serves as an advantage since you could take advantage of price's instability (volatility) and make profit if you know how to do it well. Over the past weeks, I have been doing this and have made a decent amount of profit.
I also think that there aren't much merchants accepting BTC but if you take a look, it is slowly gaining its adoption over time and I think it would take 5 to 10 years to see true mainstream adoption.
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martinacar
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February 18, 2016, 01:46:19 PM |
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The biggest problem with Bitcoin is that it is so unpredictable. You dont know when you should buy it or sell it
I think now that is a good moment to invest in Bitcoin, because the value is now quite low.
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LoyceV
Legendary
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Activity: 3304
Merit: 16599
Thick-Skinned Gang Leader and Golden Feather 2021
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February 18, 2016, 01:57:01 PM |
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So far i don't have big problem with bitcoin, the only one my problem is so long waiting confirmation when i transfer something. This problem is in the design of Bitcoin. I'm familiar with Doge and LTC, both have much faster confirmations. I don't know if it would be possible to increase the number of blocks in Bitcoin, say from 1 per 10 minutes to 1 per minute on average. That would also increase the number of transactions it can handle, but the block reward must go down with it. |
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