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Author Topic: What's your biggest problem with Bitcoin  (Read 135034 times)
shinratensei_
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March 01, 2017, 12:09:03 AM
 #2201

My biggest problem in bitcoin is the transaction sometimes it took so long before you received the bitcoin. I experienced that many times when the time I really need money i transfer my bitcoin from blockchain to local wallet to cash out it but that day is not good. I received the bitcoin after 2 days.
https://blockchain.info/unconfirmed-transactions
Because we are on the stable network with low blocksize and a lot of the demands. So, i wasn't expecting the fast confirmation by the bitcoin network. The block have a limit to take the transaction.

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March 01, 2017, 12:28:07 AM
 #2202

My biggest problem is that when bitcoin will be very popular and the government will see this as a threat to replace their currency they might ban bitcoin and all our hard work will be gone.
of course, the government will always see that bitcoin is a threat to them. because the government see that the potential is very large bitcoin currency to be populr and threaten local currency of each country?
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March 01, 2017, 01:17:53 AM
Last edit: March 01, 2017, 01:50:15 AM by delliaerd
 #2203

My biggest problem is that when bitcoin will be very popular and the government will see this as a threat to replace their currency they might ban bitcoin and all our hard work will be gone.
of course, the government will always see that bitcoin is a threat to them. because the government see that the potential is very large bitcoin currency to be populr and threaten local currency of each country?
some already provide feedback about bitcoin, but not all countries reject the use bitcoin in their country. some developed countries even accept bitcoin, bitcoin I think it will help the economic growth of a country. so I do not agree on the opinion that bitcoin is a threat to any country. in fact there was nothing I disliked ( problem ) about bitcoin, maybe if there is something that should be developed is the speed of the transaction. Current transaction is already quite fast but during high traffic so more slowly. Although we can still make it faster by paying a few more fee.

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mornabo
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March 01, 2017, 01:25:39 AM
 #2204

For me, probably the transaction confirmation times.  That is one the biggest wow or attractive factors with bitcoin for myself personally.  It is getting too long.

Many of the members here dude! are experiencing the same thing like yours, So I think its not the real problem. So for me my problem in bitcoin is investing in cloud mining.

If you already know that cloud mining is a problem for you then why you still prefer to invest in it, and once you are aware about it then it should not be a problem.

many people here seem so desperate to invest their bitcoins in anything they can get their hands on. so since there is not much investment plans available for people to invest their money they choose cloudmining scams and also hiyps scam and lose their money!
I think it was because of their limited knowledge about where a profitable investment? so that they know just trading, gambling, or hyip
actually many other investment
ICO INVESTOR
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March 01, 2017, 03:59:59 AM
 #2205

sometimes the confirmation process is too lengthy
Watanabe1505
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March 01, 2017, 04:17:52 AM
 #2206

Any advice in BTC security problem? If I have large amount of BTC in my address I would be afraid hacking disasters.
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March 01, 2017, 05:31:40 AM
 #2207

Any advice in BTC security problem? If I have large amount of BTC in my address I would be afraid hacking disasters.
If you have trust issue on your online wallet , Maybe Try to buy a Physical wallet , or try using paper wallet , The security will be high but if you make it wrong it is your fault like losing your wallet.

Maybe you can try to split your bitcoin into different wallets in order to have less casualties if your wallet has been hacked.

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Gembul
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March 01, 2017, 05:51:39 AM
 #2208

Any advice in BTC security problem? If I have large amount of BTC in my address I would be afraid hacking disasters.
If you have trust issue on your online wallet , Maybe Try to buy a Physical wallet , or try using paper wallet , The security will be high but if you make it wrong it is your fault like losing your wallet.

Maybe you can try to split your bitcoin into different wallets in order to have less casualties if your wallet has been hacked.

I also would suggest it is better to divide your bitcoin wallet into several, to avoid the risk of losing all of your bitcoin wallet if one day you hacked.

My advice use wallet providers who provide the private key from the wallet to you, blockchain I think one of the great online wallet. You need to remember to never save your bitcoin with large quantities in exchanger wallet with a long period of time, because in addition prone to hack the exchanger can also take away your money. Thank you
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March 01, 2017, 06:16:46 AM
 #2209

Any advice in BTC security problem? If I have large amount of BTC in my address I would be afraid hacking disasters.
I think you just need to add authentication in the wallet that you use it really very safe. for 3 years I use bitcoin and put authentication in the wallet. during that time I have never hacked or stolen
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March 01, 2017, 06:17:17 AM
 #2210

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.

For now, I do not have a problem with bitcoin. So far so good, especially fast transaction, fluctuation of the value, which is normal in stock market, etc. Maybe if I could encounter  any problems in the future I will share it. Good thing is I already knew the major problem of bitcoin from the others at least I am aware now.
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March 01, 2017, 06:25:20 AM
 #2211

Exchanger, in my country not many exchangers that accepted bitcoin. I think this is difficult, because after we collect bitcoin cannot directly withdraw funds to my bank account.
hisuka
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March 01, 2017, 06:45:26 AM
 #2212

The biggest problem I encountered in bitcoin was it took too long to confirm in blockchain. I encountered this everytime I received a btc, it took more than 48 hours to confirm in my wallet. I dont know what to do then but I just waited to received in my wallet. So far, this is the biggest problem I encountered in bitcoin.
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March 01, 2017, 06:50:24 AM
 #2213

My biggest mistake, that is not looking for bitcoin since 2009. Well, I belatedly realized that bitcoin really give you an advantage. Well, I always think, if I'm looking for bitcoin when the price is still very low, maybe this time I have become rich.

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March 01, 2017, 06:56:05 AM
 #2214

Mi biggest problem with bitcoin has to do with transactions, the fees can be very high and the confirmation time can be very long even when you send a good fee, I hope segwit fixes those problems.



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March 01, 2017, 07:05:26 AM
 #2215

My biggest mistake, that is not looking for bitcoin since 2009. Well, I belatedly realized that bitcoin really give you an advantage. Well, I always think, if I'm looking for bitcoin when the price is still very low, maybe this time I have become rich.

All people would think like that. We regret not know bitcoin when prices are still low. As an example of someone buying pizza with 10.000 BTC. Yeah, no one can predict it. And regrets will certainly come on the end. even I know bitcoin in 2013 when the price reaches $1000, but I was lucky this time price back to $1000 and I already have enough bitcoin

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ASHLIUSZ
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March 01, 2017, 07:13:35 AM
 #2216

My biggest mistake, that is not looking for bitcoin since 2009. Well, I belatedly realized that bitcoin really give you an advantage. Well, I always think, if I'm looking for bitcoin when the price is still very low, maybe this time I have become rich.

All people would think like that. We regret not know bitcoin when prices are still low. As an example of someone buying pizza with 10.000 BTC. Yeah, no one can predict it. And regrets will certainly come on the end. even I know bitcoin in 2013 when the price reaches $1000, but I was lucky this time price back to $1000 and I already have enough bitcoin
Yeah  people who don't have the understanding about bitcoin regrets everything same as the time when a single pizza was bought for 10000 btc. This time people know about it but as everything is uncertain with bitcoin people have hesitation to invest much on bitcoin and other cryptocurrencies.
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March 01, 2017, 07:21:01 AM
 #2217

My biggest mistake, that is not looking for bitcoin since 2009. Well, I belatedly realized that bitcoin really give you an advantage. Well, I always think, if I'm looking for bitcoin when the price is still very low, maybe this time I have become rich.

All people would think like that. We regret not know bitcoin when prices are still low. As an example of someone buying pizza with 10.000 BTC. Yeah, no one can predict it. And regrets will certainly come on the end. even I know bitcoin in 2013 when the price reaches $1000, but I was lucky this time price back to $1000 and I already have enough bitcoin
Yeah  people who don't have the understanding about bitcoin regrets everything same as the time when a single pizza was bought for 10000 btc. This time people know about it but as everything is uncertain with bitcoin people have hesitation to invest much on bitcoin and other cryptocurrencies.

People always need fast transaction with bitcoin, even they can pay the higher amount for the transaction. But people should understand bitcoin is completely developed from scratch, to resolve minor problems it will take some time. Nowadays many people are showing interest towards bitcoin investment and people are not showing any interest towards altcoin investments.


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April 03, 2018, 07:29:10 PM
 #2218

The never ending story of block size debate. Everytime the same sh**. While we argue with each other and slow down is progressing the network the banks start to get bigger devilish grin and will find ways to overtake us.
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April 03, 2018, 08:00:21 PM
 #2219

I'm upset about the very slow proliferation of bitcoin as a currency. This is a big disadvantage for him, which, in my opinion, hinders his development.
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April 03, 2018, 08:18:03 PM
 #2220

I do not understand the reaction of the States of the world to it. Will it be accepted? Will it be taxable? These are very important questions to which I do not yet know the answers.

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