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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
Leonard2016
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September 03, 2016, 10:32:18 AM
 #2121

I think my biggest problem with bitcoin is the unstable price. The price fluctuates drastically when there are some events that are happening like hacking and then the price will dive and then if I bough when it was still high then I would be at a loss. There are other people or companies also that holds a significant amount of bitcoin and if they decided to buy or sell in bulk then it would have a big impact in the bitcoin price.

i agree with this.
the unstable price is a bad thing.
although it is only good for speculation and making a lot of money when trading bitcoin but if you want to use it as a currency or not good at trading you may lose money.


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SquallLeonhart
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September 03, 2016, 10:33:03 AM
 #2122

I think my biggest problem with bitcoin is the unstable price. The price fluctuates drastically when there are some events that are happening like hacking and then the price will dive and then if I bough when it was still high then I would be at a loss. There are other people or companies also that holds a significant amount of bitcoin and if they decided to buy or sell in bulk then it would have a big impact in the bitcoin price.

Unstable price cannot be considered as an problem but its an opportunity to make profits, buy when price goes down and wait for the right time to sell to make good profits.
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September 03, 2016, 10:34:49 AM
 #2123

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley
greBit
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September 03, 2016, 10:50:00 AM
 #2124

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.
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September 03, 2016, 11:06:01 AM
 #2125

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley

You're here long enough to know that the current price is far from low as you call it. You don't see what kind of effort is required just to keep the price at current levels. If you knew, then you wouldn't call the current price low. 2MB blocks will surely come, it's just a matter of "when" this year, or next year. The current 0.13.0 client has segwit implemented, but it's just sitting in the background without doing anything yet. We can only wait for the day this feature get triggered.
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September 03, 2016, 12:59:39 PM
 #2126

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.

well, the whole bubble and big crash afterwords can be very profitable if you are a trader and know what you are doing. but more price stability is for most people a big thing and it would be fore sure a big improvement for bitcoins adoption. 

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September 03, 2016, 01:02:47 PM
 #2127

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.

well, the whole bubble and big crash afterwords can be very profitable if you are a trader and know what you are doing. but more price stability is for most people a big thing and it would be fore sure a big improvement for bitcoins adoption. 

Something profitable is something we have a requirement to be met. In the bitcoin, if we are to profit or benefit from what you're talking about, then you have to have a lot of bitcoin. without the bitcoin, then all the things you are talking about would be something stories or fairy tales. Stay focused on how to get a lot of bitcoin and don't ever give up
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September 03, 2016, 01:51:02 PM
 #2128

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.

well, the whole bubble and big crash afterwords can be very profitable if you are a trader and know what you are doing. but more price stability is for most people a big thing and it would be fore sure a big improvement for bitcoins adoption. 

Yeah people who wants to invest their money in bitcoins will be satisfied if they see stable price, as they will not hesitate in investing and will have a feeling that their money is safe.
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September 03, 2016, 01:51:16 PM
 #2129

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley
Are you waiting for the bitcoin to going decrease the price so that you can buy more bitcoin to use and you can wait until the bitcoin price will increase again well it gonna take long waiting to that happen because if many investors are going to quit well that probably gonna happen but many investors are using bitcoin now and bitcoin are becoming famous.
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September 03, 2016, 02:10:29 PM
 #2130

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley
Are you waiting for the bitcoin to going decrease the price so that you can buy more bitcoin to use and you can wait until the bitcoin price will increase again well it gonna take long waiting to that happen because if many investors are going to quit well that probably gonna happen but many investors are using bitcoin now and bitcoin are becoming famous.

I don't think that price will fall in next few weeks, as price is stable and I think it will remain stable in coming days too, and even if it falls it won't go below $500.
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September 03, 2016, 03:13:07 PM
 #2131

Biggest problem of bitcoin i encounter is when my wallet got empty that is my biggest problem but in the transaction nothing bad i can say all is great, fast and very convenient to use it.
Yeah that’s the problem I usually have and I think that’s is the thing that most of us suffer. Beside that, I do not have anything to complain about bitcoin, I know nothing is perfect and bitcoin still have some issues but it’s still young so I don’t expect much from it. It has so many benefits and I believe it will become more and more popular in the future.
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September 03, 2016, 03:28:14 PM
 #2132

My biggest problem with bitcoin was to find a 100% legit and trusted traders because initially i had to buy bitcoin to deal with but fortunately Now I found a trader which is more than honest. I can trust him more than my left hand.
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September 03, 2016, 03:45:41 PM
 #2133

My biggest problem with bitcoin was to find a 100% legit and trusted traders because initially i had to buy bitcoin to deal with but fortunately Now I found a trader which is more than honest. I can trust him more than my left hand.

I think it was not a biggest problem of bitcoin. I thought about many reliable traders exchanger that you can use to buy bitcoin
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September 03, 2016, 04:23:56 PM
 #2134

The problem with Bitcoin that the fees are becoming higher, mining is now truly centralized. I think when Nakamoto planned for Bitcoin, he didn't plan for pool, only Solo mining. The good old days when you could mine with your CPU, GPU and still make a profit  Cry Undecided
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September 03, 2016, 04:26:05 PM
 #2135

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok Smiley

Price should not be a problem for anyone as the price of bitcoin is never the same, today it is low, tomorrow it is high, that is the reason why bitcoin is so popular because people earn profits with that fluctuation and it attracts people to invest into it.
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September 03, 2016, 04:26:21 PM
 #2136

My biggest problem with bitcoin was to find a 100% legit and trusted traders because initially i had to buy bitcoin to deal with but fortunately Now I found a trader which is more than honest. I can trust him more than my left hand.

I think it was not a biggest problem of bitcoin. I thought about many reliable traders exchanger that you can use to buy bitcoin

I never faced any problem in buying bitcoins online as every time I buy it from localbitcoins and all traders there are genuine and trusted people and they will surely not cheat you.
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September 03, 2016, 05:18:14 PM
 #2137

My biggest problem with bitcoin was to find a 100% legit and trusted traders because initially i had to buy bitcoin to deal with but fortunately Now I found a trader which is more than honest. I can trust him more than my left hand.

I think it was not a biggest problem of bitcoin. I thought about many reliable traders exchanger that you can use to buy bitcoin

I never faced any problem in buying bitcoins online as every time I buy it from localbitcoins and all traders there are genuine and trusted people and they will surely not cheat you.

Yes me too.  I never encountered any problem when buying bitcoin as I deposited it on the bank.  For just five to ten minutes, my bought bitcoin was already in my wallet.   As for people, I never also had a problem before.  Just be sure that you know the person yoi are trading with. 
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September 03, 2016, 05:23:29 PM
 #2138

My biggest problem with bitcoin was to find a 100% legit and trusted traders because initially i had to buy bitcoin to deal with but fortunately Now I found a trader which is more than honest. I can trust him more than my left hand.

I think it was not a biggest problem of bitcoin. I thought about many reliable traders exchanger that you can use to buy bitcoin

I never faced any problem in buying bitcoins online as every time I buy it from localbitcoins and all traders there are genuine and trusted people and they will surely not cheat you.

Yes me too.  I never encountered any problem when buying bitcoin as I deposited it on the bank.  For just five to ten minutes, my bought bitcoin was already in my wallet.   As for people, I never also had a problem before.  Just be sure that you know the person yoi are trading with. 

That's true that its safe to trade with familiar person to avoid risk, but a person who is buying for first time will not know anyone and he would hesitate in buying online.

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September 03, 2016, 06:57:46 PM
 #2139

big problem bitcoin when I bought at a high price after a few days the price drop,perhaps a little surprised bitcoin withstand a few days and wait for prices to rise again little benefit I will sell knowing the price rise and fall of a risk,I no longer buy in large quantities to date.
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September 03, 2016, 07:02:47 PM
Last edit: September 04, 2016, 02:58:02 AM by magemist
 #2140

The delays in sending your bitcoins.
And with the Falcon 9 not following threw with it's mission it will be take even longer now. Embarrassed
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