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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
Gyfts
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August 22, 2015, 07:20:58 AM
 #421

I don't think the software of Bitcoin is very user friendly to someone who doesn't have a computer background or knowledge or at the very least, use it frequently. People who stay away from "technology" of course wouldn't want to  adopt a "digital currency", but I think the challenge Bitcoin faces is appealing to the masses through simplicity. The workings behind Bitcoin can be very confusing which is something that I'm not sure is solvable confict.
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AGD
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August 22, 2015, 08:24:34 AM
 #422

At the moment, the most irritating point about Bitcoin is the XT discussion.

You know, a few month ago I was sitting there, drinking with my buddy in a bar and we all thought Beer was cool, until two jerks came in and tried to explain us, that our Beer will kill us eventually in a few years and if we don't want to die, we need to switch to this new BeerXT, which will safe our lives. We didn't like them and they were sent off the bar. Later they came back with a few paid guys and tried forcing us to drink their XTBeer.
We took them out to the parking lot and kicked their teeth out. They never came back ...

Bitcoin is not a bubble, it's the pin!
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August 22, 2015, 09:38:39 AM
 #423

my biggest problem with bitcoin is hard to earn bitcoin
but its okay though just be patient and wait for right time

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dollarneed
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August 22, 2015, 09:52:08 AM
 #424

my biggest problem with bitcoin is hard to earn bitcoin
but its okay though just be patient and wait for right time


Are you sure,is it hard to earn bitcoin ?
believe it or not when you posted this post you've earned amount of satoshi,
so i think its not hard to earn bitcoin,right?
Nikinger
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August 22, 2015, 10:05:00 AM
 #425

1. price volatility
I can't hold major stashes without fearing major losses.

2. bitcoin adoption
I can't use bitcoin whenever I want to.
It's hard to convert cash to bitcoin and bitcoin to cash because lacking supply&demand.

3. regulations
This discourages 2. (bitcoin adoption)

4. demonization the bitcoin as shady because of 1. (price volatility) and the pseudoanonymous nature using propaganda
This discourages 2. (bitcoin adoption)

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AtteJ
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August 22, 2015, 02:55:54 PM
 #426

There are not much places in my city where I can spend bitcoins. Just one bar.
Falconer
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August 22, 2015, 03:45:53 PM
 #427

Hey, everybody has to wait for the confirmation of transaction, so it's not a big problem.

As Bitcoin is not widely accepted in your country then you can use bitcoins online to buy the goods you want.
There are many websites which give us function to choose to pay in Bitcoin and there also are sites like purse.io through which you can buy goods from Amazon and Newegg offers fully Bitcoin interface and their user reviews are also good.
Its not that easy, although we could buy the goods from websites. It depends on what country we are living, so if the distance is very far, then we have to pay high shipping cost for that. It will be easier if we exchange our bitcoin to fiat, then find the goods we want and buy that directly instead of waiting the goods delivery and paying extra charge for shipment.

I dont think that way, most of them buy it online because they didnt have time to go there to get the items. Lets say you live far, at least they must have people that selling the items near your country so it will cost cheaper. This online site will make us buy things easily from them just add some cost, it will ship right away to you and now you using bitcoin I think it is much more easier

I think people prefer to buy their stuff by online because the stuff they need isnt available in their city. Beside that, there is a risk when you buy it in online shop, which you couldnt check the quality of stuff you want to buy directly. I guess you said its easier using bitcoin maybe because you are living in country that accept bitcoin as payment.

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aakashsangwan
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August 22, 2015, 04:57:51 PM
 #428

Hey, everybody has to wait for the confirmation of transaction, so it's not a big problem.

As Bitcoin is not widely accepted in your country then you can use bitcoins online to buy the goods you want.
There are many websites which give us function to choose to pay in Bitcoin and there also are sites like purse.io through which you can buy goods from Amazon and Newegg offers fully Bitcoin interface and their user reviews are also good.
Its not that easy, although we could buy the goods from websites. It depends on what country we are living, so if the distance is very far, then we have to pay high shipping cost for that. It will be easier if we exchange our bitcoin to fiat, then find the goods we want and buy that directly instead of waiting the goods delivery and paying extra charge for shipment.

I dont think that way, most of them buy it online because they didnt have time to go there to get the items. Lets say you live far, at least they must have people that selling the items near your country so it will cost cheaper. This online site will make us buy things easily from them just add some cost, it will ship right away to you and now you using bitcoin I think it is much more easier

I think people prefer to buy their stuff by online because the stuff they need isnt available in their city. Beside that, there is a risk when you buy it in online shop, which you couldnt check the quality of stuff you want to buy directly. I guess you said its easier using bitcoin maybe because you are living in country that accept bitcoin as payment.

If we don't like the quality of the product then we can also return it to the merchant. That's why return policy is present on most of the merchants.

Falconer
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August 22, 2015, 06:10:06 PM
 #429

If we don't like the quality of the product then we can also return it to the merchant. That's why return policy is present on most of the merchants.
It sounds complicated, although they could refund us back. And there is a possibility for scamming from online shop. Anyway, online transaction with bitcoin is easier than fiat, but it will be more comfortable to do transaction in real life.

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August 22, 2015, 07:10:53 PM
 #430

It is hard to assume when it peaked for sale Smiley

That's why others don't wait for the Sell time but rather buying bitcoins in a low price then just keep holding it. But with the recent general issue my statement somehow can't apply to that way.

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August 22, 2015, 09:52:13 PM
 #431

It is hard to assume when it peaked for sale Smiley

Everyone would be trillionaires if they knew.
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August 23, 2015, 12:09:49 PM
 #432

my biggest problem with bitcoin is hard to earn bitcoin
but its okay though just be patient and wait for right time


Are you sure,is it hard to earn bitcoin ?
believe it or not when you posted this post you've earned amount of satoshi,
so i think its not hard to earn bitcoin,right?
Maybe he want to earn bigger bitcoin, and by posting with signature campaign isn't really big money at the moment, still the fastest way to "earn" bitcoin is by buying it with fiat  Wink
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August 23, 2015, 01:04:17 PM
 #433

my biggest problem with bitcoin is hard to earn bitcoin
but its okay though just be patient and wait for right time


Are you sure,is it hard to earn bitcoin ?
believe it or not when you posted this post you've earned amount of satoshi,
so i think its not hard to earn bitcoin,right?

Agreed. It's not that hard to make bitcoins especially because of this forum, though if you want to earn a substantial amount you would have to put in a lot of effort but you don't get many things in life without working for them.

There are not much places in my city where I can spend bitcoins. Just one bar.

Then save them? Why would you want to spend them right now? I want to keep mine until it is possible to spend them at many places and by that time they should be worth much more.
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August 23, 2015, 01:13:18 PM
 #434

i think the biggest problem about it is that its price goes up and down really often instead it would be better if the price would go only up Cheesy
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August 23, 2015, 01:19:13 PM
 #435

i think the biggest problem about it is that its price goes up and down really often instead it would be better if the price would go only up Cheesy

Well it's that fluctuation that makes it a potentially good investment and I think it will go up and down for quite some time. If bitcoin hits the mainstream eventually though then it could keep rising and rising if enough people keep joining which would be cool hehe.
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August 23, 2015, 04:25:32 PM
 #436

My biggest problem with bitcoin is that the bitcoin core software is good but downloading the block chain is a very hefty task.
Isn't there any way that we can use Bitcoin qt but not download block chain.
I know there are many wallets out there but still none is comparable to the original.
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August 23, 2015, 04:33:54 PM
 #437

i have banned from the my account.
unti 3.. waaaa.. i cant believe it. why can do that?
cause i think i have post on subject not off-topic.
what else?
and i can to collected much more bitcoin cause the capaign rule must have 7 days post.
but, i just can post when i'm not bussy to study and working part time,
should i do 3 works at once?
when i'm not tired, i have post in bitcoin forum. is make me sad...
AtheistAKASaneBrain
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August 23, 2015, 04:51:36 PM
 #438

My biggest problem with bitcoin is that the bitcoin core software is good but downloading the block chain is a very hefty task.
Isn't there any way that we can use Bitcoin qt but not download block chain.
I know there are many wallets out there but still none is comparable to the original.

In the next version I think prunning method will be availible which means we will be able to use our beloved Core original wallet while not having to download the entire blockchain, only about 1GB and 1GB of past transactions should be solid and safe enough against any attacks.
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August 23, 2015, 05:45:24 PM
 #439

i have banned from the my account.
unti 3.. waaaa.. i cant believe it. why can do that?
cause i think i have post on subject not off-topic.
what else?
and i can to collected much more bitcoin cause the capaign rule must have 7 days post.
but, i just can post when i'm not bussy to study and working part time,
should i do 3 works at once?
when i'm not tired, i have post in bitcoin forum. is make me sad...
Do you mean that you have been banned three times? I think you should knew what your fault when you was banned in second times. Maybe the problem was you made too many posts in short time, but I'm not sure about this. Anyway good luck dude, hope you would be better when posting Smiley

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September 17, 2015, 05:39:45 PM
 #440

The biggest problem is, I can't spend my BTC in any shop that accept it in my city
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