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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
arwin100
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April 06, 2016, 12:28:40 PM
 #1501


Biggest is its anonimosity because if we GEt scam by hyip investment we cant do nothing.  Its very nice if bitcoin wallets have disputes to counter measure the scam problems. And here in my country is no problem converting it to peso its easy just like walking.

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The trust scores you see are subjective; they will change depending on who you have in your trust list.
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April 06, 2016, 12:53:46 PM
 #1502


Biggest is its anonimosity because if we GEt scam by hyip investment we cant do nothing.  Its very nice if bitcoin wallets have disputes to counter measure the scam problems. And here in my country is no problem converting it to peso its easy just like walking.
is decentralized and anonymous of bitcoin! welcome! you should know the risk of what will happen in bitcoin. will be a lot of scams that will happen. so when you want to trade safely. you can use the escrow
many online escrow bitcoin.
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April 06, 2016, 03:28:36 PM
 #1503


Biggest is its anonimosity because if we GEt scam by hyip investment we cant do nothing.  Its very nice if bitcoin wallets have disputes to counter measure the scam problems. And here in my country is no problem converting it to peso its easy just like walking.

Bitcoin anonymous nature can't be indicated as the problem of bitcoin. More people had got attracted by its anonymity and had been a part of it. Scam can be overcome if we were more active.

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InsideBjorn
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April 06, 2016, 03:36:23 PM
 #1504

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 
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April 06, 2016, 03:43:13 PM
 #1505

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 

Patience is must in bitcoin if you want to earn good profits from it but if you lack patience then bitcoin is not the right place for you to invest your money.
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April 06, 2016, 03:59:59 PM
 #1506

Software development team here.
We would like to hear from the community what are the most annoying\frustrating stuff you have with Bitcoin and would love to get a solution for ?
Feel free to talk about any problem, even if it seems unsolvable or too abstract (e.g. Bitcoin is not safe enough for the average user)
Edit:
After reading all the replies, I feel confident summarizing that the #1 problem of Bitcoin is probably lack of adoption.
And the main reasons of lack of adoption are probably ease of use and insufficient security.
We are a team of entrepreneurs and software developers that are going to spend the next following months-year on developing a new product.
One of the most appealing markets for us is the Bitcoin market.
We will try to learn us much as possible from your replies and try to tackle the problems head on.

my only problem with bitcoin is that it is used in black market usually so people don't trust it and probably won't ever use it

also problem is that newbies won't learn how to ue it very fast, they need to learn about it, because wallet creation and codes saving isn't easy for newbies
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April 07, 2016, 04:54:59 AM
 #1507

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 

IMO, the price is moving fast, it's just that it is not moving to the direction we want, which is to the moon.. The volatility is very much important for traders...maybe now we can't appreciate it, but maybe later on we will..
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April 07, 2016, 06:02:16 AM
 #1508

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 
I think the current situation is stable and I also know. it knows how long this price movement will continue to be stable?
but I'm sure the prices will return to normal "fluctuations"

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April 07, 2016, 08:28:08 AM
 #1509

my only problem with bitcoin is that it is used in black market usually so people don't trust it and probably won't ever use it

also problem is that newbies won't learn how to ue it very fast, they need to learn about it, because wallet creation and codes saving isn't easy for newbies
Bad news always could be spread easier than good news by mass media, thats why most people just know about bitcoin that related to black market instead of all advantages by bitcoin itself.
My problem is still same, there is none of shop or cafe in my city that accepting bitcoin.

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uname
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April 07, 2016, 09:20:35 AM
 #1510

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 

Patience is must in bitcoin if you want to earn good profits from it but if you lack patience then bitcoin is not the right place for you to invest your money.
yeah I think you have to be patient. I believe bitcoin will again be volatile. What you've missed when bitcoin could fall 20% and rose more than that in one day? but I'm sure a lot of people who are not happy with it?

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April 07, 2016, 09:33:40 AM
 #1511

I don't faced big problems with bitcoins before. everything in bitcoin is really great and compatible. but now I am in trouble. I earned some bitcoins, I want to cashout them in my local currency. but unfortunately I failed to find any exchanger and trader who take my btc and give me currency.

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April 07, 2016, 09:52:02 AM
 #1512

My biggest problem is to wait for confirmation, I would like to pay little extra but instant confirmation but seems not possible
I agree here as the blocksize is really an issue and most of the transactions take over 5 hours to confirm if the amount is more. I think the miners need to increase the blocksize and see how it works rather than making bitcoiners wait for their transactions to get confirmed.
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April 07, 2016, 11:14:57 AM
 #1513

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 

IMO, the price is moving fast, it's just that it is not moving to the direction we want, which is to the moon.. The volatility is very much important for traders...maybe now we can't appreciate it, but maybe later on we will..
I think it should not be a problem about massive bitcoin price movement it is a bitcoin characteristics and make bitcoin unique also loved.
If bitcoin price fixed I think it will be weird and broke bitcoin feature.
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April 07, 2016, 02:57:29 PM
 #1514

My biggest problem is to wait for confirmation, I would like to pay little extra but instant confirmation but seems not possible
I agree here as the blocksize is really an issue and most of the transactions take over 5 hours to confirm if the amount is more. I think the miners need to increase the blocksize and see how it works rather than making bitcoiners wait for their transactions to get confirmed.

Just add some of the default fees. It's still penny even at 50,000 satoshis. And besides make some transfer in a bulk type so that you can save transaction fees. And if you dont want a fees better use online web wallets to transfer the coins. The fees they are using are vary but for a hours confirmation that is really unbelievable when using them.
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April 07, 2016, 05:46:37 PM
 #1515

My biggest problem is limited options to use them.
Another problem that I face at times is transactions takes too long even with high priority.
I had waited for 3 hours to get net pack on phone !!
That day I regret using that option because I had to mail things urgently.
And another problem is that it is less secure as compare to fiat.
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April 07, 2016, 05:49:48 PM
 #1516

my biggest problem in bitcoin? too long transaction thats why i hate sometimes bitcoin.

Solving blocks can't be solved without my rigs.
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April 07, 2016, 06:09:38 PM
 #1517

Lots of Wallets ..and each wallet with long Private keys.. Danger of losing  coins in Web wallets are the things which sometimes cause problem in using bitcoins.
But these issue  are none as  compared with the benefits of  Bitcoins .
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April 07, 2016, 06:12:41 PM
 #1518

Lots of Wallets ..and each wallet with long Private keys.. Danger of losing  coins in Web wallets are the things which sometimes cause problem in using bitcoins.
But these issue  are none as  compared with the benefits of  Bitcoins .
yes, I've been like that.I lost my wallet in blokchain address, and I do not know how to restore it. I also have not had time to save address my wallet wallet so that my wallet was missing along bitcoin therein


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April 09, 2016, 02:08:21 PM
 #1519


Biggest is its anonimosity because if we GEt scam by hyip investment we cant do nothing.  Its very nice if bitcoin wallets have disputes to counter measure the scam problems. And here in my country is no problem converting it to peso its easy just like walking.

Bitcoin anonymous nature can't be indicated as the problem of bitcoin. More people had got attracted by its anonymity and had been a part of it. Scam can be overcome if we were more active.
anonymity makes people easier to cheat. should you need to know more about the risks of anonymity. you will not be able to bring this case in the police because bitcoin is anonymous the police will not be able to help you
I agree with you. This scam can be overcome if you could be more careful again
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April 10, 2016, 08:38:50 AM
 #1520

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 

IMO, the price is moving fast, it's just that it is not moving to the direction we want, which is to the moon.. The volatility is very much important for traders...maybe now we can't appreciate it, but maybe later on we will..
agree with you bitcoin is actually very volatile price movement is very fast possible for now only pricing in a more stable state than usual. as is common in bitcoin dude. bitcoin sometimes for some time become more stable
but not for long time. bitcoin will be back to normal please patient
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