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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
ajun96
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March 03, 2016, 07:09:10 AM
 #1301

My biggest concern is its unpredictable fluctuation rate. For investors or people buying bitcoin, it can be a major drawback. I do not want to see value of my investments goes down basically.
Fluctuating prices are one of my favorite thing about bitcoins. It gives me to earn big profits by trading either as a day trader when I see some bigger movements. I do not see that changing prices of bitcoin as a problem for myself, on the other hand I love it.
for most of them traders prefer fluctuations. because they can earn a lot of profit from it. but for many people using bitcoin to buy something. and ordinary users like me. of course I would prefer a stable price bitcoin
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unixs_26
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March 03, 2016, 07:13:11 AM
 #1302

so many problem with BTC ,
- transaction delay  Angry
- advertise for bitcoin  Angry
- legality
- trust exchange
- merchant

and much more.
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March 03, 2016, 09:25:07 AM
 #1303

so many problem with BTC ,
- transaction delay  Angry
- advertise for bitcoin  Angry
- legality
- trust exchange
- merchant

and much more.

- transaction delay
.. well it's normal and for now just deal with it.

- advertise for bitcoin
.. what do you mean by here? spreading bitcoin to anyone? well adoption stats today are better than the past years. Smiley

- legality
.. bitcoin legality? what country you from?

- trust exchange
.. just don't put all your eggs in one exchanges.

- merchant
.. depends on the location.

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mkg96
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March 03, 2016, 09:48:13 AM
 #1304

My problems with BTC:

- It is hard to get a decent amount of BTC! Either I have to spent so much time in the forum or doing services/faucets or play a dangerous game called trading which im not prepared to.
- It is a bit hard to get into it because so much information out there is kinda "technical" and there are some things I cannot understand even reading them thousands times  Cry
bitcoinbing
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March 03, 2016, 09:51:07 AM
 #1305

Problems:

- Recent (classic/core) problems where transactions are hanging for more than expected - I can no longer and will no longer recommend bitcoin to anyone.
- Need to be very technical to use.
HarryKPeters
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March 03, 2016, 09:57:36 AM
 #1306

The biggest problem is that you can never know what is going to happen in the future. And that is hard to predict for what you are going to do.
You must take risks and that is the problem. But you can now see that the value is slowly rising.

DeDordtenaar
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March 03, 2016, 11:29:36 AM
 #1307

My biggest concern is its unpredictable fluctuation rate. For investors or people buying bitcoin, it can be a major drawback. I do not want to see value of my investments goes down basically.

it seems that the fundamental problem in bitcoin. before you join in bitcoin Surely you must know this risk. as they may be fluctuations will continue to happen during life bitcoin


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JAyThaRevo
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March 03, 2016, 11:36:38 AM
 #1308

My biggest concern is its unpredictable fluctuation rate. For investors or people buying bitcoin, it can be a major drawback. I do not want to see value of my investments goes down basically.

it seems that the fundamental problem in bitcoin. before you join in bitcoin Surely you must know this risk. as they may be fluctuations will continue to happen during life bitcoin

Yeah, fluctuations will always follow bitcoin, but I don't see it as a problem, I think fluctuations are good to make some quick money, as price fluctuations allows us to do that.
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March 03, 2016, 11:37:49 AM
 #1309

Problems:

- Recent (classic/core) problems where transactions are hanging for more than expected - I can no longer and will no longer recommend bitcoin to anyone.
- Need to be very technical to use.

I will add to this:

-Stress test where transactions hang for days.
-Network attack like this one we having right now.
-Price fluctuacion.
-Variety of wallets that can make one get dizzy.
-Many occasions to get scamed.
-Trouble of finding good income source

randy8777
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March 03, 2016, 11:49:07 AM
 #1310

Problems:

- Recent (classic/core) problems where transactions are hanging for more than expected - I can no longer and will no longer recommend bitcoin to anyone.
- Need to be very technical to use.

I will add to this:

-Stress test where transactions hang for days.
-Network attack like this one we having right now.
-Price fluctuacion.
-Variety of wallets that can make one get dizzy.
-Many occasions to get scamed.
-Trouble of finding good income source

some things that you mention aren't related to bitcoin to be honest. for example "getting scammed" you can get scammed everywhere with fiat currency as well. not sure why you point out bitcoin. if you use common sense then you reduce the chances of being scammed with 90%. also, "finding income source" not sure why you think this issue is related to bitcoin as many people that offer coding work and design work have no problems at all. you just need to make sure you offer quality services. then people will come to you and offer you a job.
quentincole32
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March 03, 2016, 11:57:06 AM
 #1311

Problems:

- Recent (classic/core) problems where transactions are hanging for more than expected - I can no longer and will no longer recommend bitcoin to anyone.
- Need to be very technical to use.

it's just temporary problem, soon or later it would solved slowly, you can't just judge to stay away from bitcoin because of that.
not really need "technical to use" , common people understand how real money work , so do if they use bitcoin it's same as real money but bitcoin is digital version which untouchable.
not big problem i think your reason above.

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agustina2
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March 03, 2016, 01:52:57 PM
 #1312



-Stress test where transactions hang for days.
-Network attack like this one we having right now.
-Price fluctuacion.
-Variety of wallets that can make one get dizzy.
-Many occasions to get scamed.
-Trouble of finding good income source

Price fluctuation is normal mate. If the price is not fluctuating then say goodbye to prise rise.

Variery of wallet that can make one dizzy. Come on mate. It's your problem not with bitcoin.

Being scammed? Come on again mate. It's your responsibility. You like bitcoin will adjust for you?

And lastly, you have trouble finding good income source. Go find a real life job and don't depend forever on internet if you found it hard.
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March 03, 2016, 02:05:35 PM
 #1313

Wouldn't say my biggest problem with Bitcoin but rather something that annoys me to an extent, Confirmation time and how slow it is sometimes to reach 5-6 confirmations which is the number multiple sites ask for.
wadili89
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March 03, 2016, 04:50:15 PM
 #1314

My problems with BTC:

- It is hard to get a decent amount of BTC! Either I have to spent so much time in the forum or doing services/faucets or play a dangerous game called trading which im not prepared to.
- It is a bit hard to get into it because so much information out there is kinda "technical" and there are some things I cannot understand even reading them thousands times  Cry

bitcoin is money and money is always hard to earn, is this a problem with bitcoins ?

yes the 2nd part is true most of the people explain things is their own writing which can confuse a new comer who dont know anything about the bitcoins

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March 03, 2016, 08:54:48 PM
 #1315

The biggest problem is that you can never know what is going to happen with Bitcoin in the future and that is quite scary and very risky.
You must to take risk and that is hard. But you an now see that the value is a little bit stable so you can make maybe an investment.
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March 04, 2016, 07:34:20 AM
 #1316

It's the confirmation time atm, today even some article about it popped on my news feed called "bitcoin's nightmare scenario has come to pass"..

The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes.  This is not paid AD!

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March 04, 2016, 08:48:12 AM
Last edit: April 06, 2016, 02:00:42 AM by dhimasnk
 #1317

my biggest problem, which until now worries me is price problem

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March 04, 2016, 08:57:11 AM
 #1318

Probably the long and exhausting confirmation time, I really sometimes need to wait for hours to get confirmations when there is a spam attack on the network... The volatility is part of the system so don't find it that annoying.
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March 04, 2016, 12:51:06 PM
 #1319

The biggest problem is that you can never know what is going to happen with Bitcoin in the future and that is quite scary and very risky.
You must to take risk and that is hard. But you an now see that the value is a little bit stable so you can make maybe an investment.

Yeah keep that in your head. Others are making profit now because of that risk.

There's no investment even in real world that you will know quickly the result unless you try. You will not succeed if you have a mindset like that.
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March 04, 2016, 12:57:44 PM
 #1320

Probably the long and exhausting confirmation time, I really sometimes need to wait for hours to get confirmations when there is a spam attack on the network... The volatility is part of the system so don't find it that annoying.

Just pay bigger fee. The more you pay, the less chance of delays you will have.

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