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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
Labumi
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May 17, 2016, 01:37:57 PM
 #1601

My biggest problem in was bitcoin has no physical appearance. It is my biggest problem what if bitcoin has no physical appearance how to use it? If it have physical wallet what if the internet gone how we use it? Thats all my problem about so i convert it to fiat so that if that happen i have my money.

Indeed the biggest problem in the Bitcoin is Bitcoin doesn't have a physical display that can be taken anywhere and can be exchanged anywhere. Keep in mind that the purpose of the bitcoin not for it but to help deal with way better than other currencies, so it doesn't matter. And future payment systems will surely be using Digital
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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SquallLeonhart
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May 17, 2016, 01:43:20 PM
 #1602

The biggest problem with bitcoin is that we don't know where it will land in future and also what would be the price of bitcoin in future.
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May 17, 2016, 01:47:41 PM
 #1603

I do not have many problems with Bitcoin but there is one thing that is bugging me some times. My biggest problem with Bitcoin is that whern the price is stable it can sometimes take forever for the price is get back up again.
I also have the same problem with Bitcoin whenever the price is stable it just takes way to long for the price to finally move again. There where some times that I almost quit with Bitcoin because of this.

I consider this not as a real problem to be honest I even think its just the bitcoin that has this, its normal in my eyes.
I hate that confirmations takes sometimes so long because of the stupid fees...
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May 17, 2016, 02:00:44 PM
 #1604

Trying to use it as a currency.  Very few places accept it and it's way easier to use fiat to buy things.  There's no reason to buy bitcoin just to spend it unless it's on the darkweb. 

Oh yeah, confirmation times.  I agree with that.

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May 17, 2016, 02:19:18 PM
 #1605

Trying to use it as a currency.  Very few places accept it and it's way easier to use fiat to buy things.  There's no reason to buy bitcoin just to spend it unless it's on the darkweb. 

Oh yeah, confirmation times.  I agree with that.
it was not a big problem, because fiat is still able to cover it. maybe in the future bitcoin can be used as a means of payment in the world.
honestly indeed bitcoin will be easier for online shopping transactions, if all the stores already accept bitcoin.
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May 17, 2016, 06:02:16 PM
 #1606

Though I currently don’t have many issues with bitcoin, and I happen to have a reasonable income; I remember when I first got introduced to bitcoin; I was low on cash and I had to start earning it from ground zero. Running those faucets was a pain; losing to gambling was heartbreaking, joining sites that scammed was really frustrating. But experience has really helped and I’m actually happy I went through all that.
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May 17, 2016, 06:08:07 PM
 #1607

As of now i dont have biggest problem with bitcoin but my problem is many people are still destroying bitcoin image more ponzi sites are releasing month by month..

Solving blocks can't be solved without my rigs.
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May 17, 2016, 06:19:17 PM
 #1608

As of now i dont have biggest problem with bitcoin but my problem is many people are still destroying bitcoin image more ponzi sites are releasing month by month..

That problem will always follow bitcoin, but you need to smart before investing, and if people around you don't care about bitcoin they you should do the same with them.
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May 17, 2016, 10:59:57 PM
 #1609

As of now i dont have biggest problem with bitcoin but my problem is many people are still destroying bitcoin image more ponzi sites are releasing month by month..
agreed, to prevent it by not using sites Ponzi, invest and so on. increasingly being used will appear more and more other sites.
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May 17, 2016, 11:02:15 PM
 #1610

As of now i dont have biggest problem with bitcoin but my problem is many people are still destroying bitcoin image more ponzi sites are releasing month by month..
agreed, to prevent it by not using sites Ponzi, invest and so on. increasingly being used will appear more and more other sites.

Yeah majority of sites are ponzis and it creates negative impression of bitcoin in the minds of the people but you need research before you invest your coins in any site.
sempak
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May 17, 2016, 11:15:52 PM
 #1611

transaction times slow when using a small fee. I do not understand . I use a third party service. and the transaction does not go in for some time.

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Evildrum
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May 17, 2016, 11:18:12 PM
 #1612

I think something that has happened with me is I can visit this thread every other month and claim something new.
Maybe thats my issue that I keep running into issues and nothing is ever stagnant long enough to breathe.
Always something happening in bitcoin.

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May 17, 2016, 11:21:41 PM
 #1613

A lot of people are reporting they are having their computers hacked and their bitcoins stolen.
This is becoming a regular occurrence now a days. Are people just not taking the proper actions to not have this done to them or are the hackers becoming more prevalent at what they do?  
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May 18, 2016, 12:20:01 AM
 #1614

transaction times slow when using a small fee. I do not understand . I use a third party service. and the transaction does not go in for some time.

More often now then ever, blocks are reaching its 1MB size:
https://tradeblock.com/bitcoin/

Thus, there is no space for all transactions. So you need to pay higher fee to have a greater chance of being included in the next block.

Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com
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May 18, 2016, 12:34:58 AM
 #1615

A lot of people are reporting they are having their computers hacked and their bitcoins stolen.
This is becoming a regular occurrence now a days. Are people just not taking the proper actions to not have this done to them or are the hackers becoming more prevalent at what they do?  

I have never faced this issue in my life, you need to take proper care at initial stage, and I think bitcoin wallet are very safe and its not that easy to steal your coins.
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May 18, 2016, 01:15:57 AM
 #1616

I've only transferred my BTC from one address to the other several times, and the only problem seems to be the slow transaction time. Something could be done to make it faster, so you wouldn't feel nervous if you did something wrong during the transaction process. That's one thing that needs some improvement.
dotajhay
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May 18, 2016, 01:17:07 AM
 #1617

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 problem is the hyip sites or other investment sites that scamming again and again  Sad but i love bitcoins  Grin

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May 18, 2016, 01:27:55 AM
 #1618

My biggest problem with Bitcoin would have to be that there's a lot to learn with it. It's not as easy as sending an email or spending/receiving fiat. It can't help with user adoption.
VanDeinsberg12
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May 18, 2016, 01:30:17 AM
 #1619

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 problem is the hyip sites or other investment sites that scamming again and again  Sad but i love bitcoins  Grin
You need to be carefull and giving more attention for this. Not to easy believe with HYIP sites or etc. HYIP and Scammer site offer how easy to earn some bitcoin with full amount,non risk and other offer to make their potential victims believe with it.

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blackmachinegun
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May 18, 2016, 01:51:35 AM
 #1620

As of now i dont have biggest problem with bitcoin but my problem is many people are still destroying bitcoin image more ponzi sites are releasing month by month..
agreed to prevent it by not using sites Ponzi, invest and so on increasingly being used will appear more and more other sites.
yeah there is a lot of investment that grows in bitcoin. there are many kinds of investments. any ponzi, hyip etc.
I think that's not a problem because all of the bitcoin is been allowed. you know bitcoin is decentralization. so all the risk is on yourself
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