What's your biggest problem with Bitcoin

[Falconer]

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up  

Thanks for your information, but that's not useful for me. Do you want me to visit your city for just spend my btc or use ATM machine? If you can build one in my city, it sounds better then 

[Jeff Chang]

Biggest issue for me is lack of merchants accepting it though I think this will grow over time. Personally I don't mind as I'd rather hold onto my bitcoins for a couple of years then spend them when they're hopefully worth a bit more.

[pooya87]

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

But the opposite is also true. You can lose a lot of money and profit not at all. Trading or investments always carry risks and are not always profitable.

Nope if you know how to maintain your trading and try to see the situation too, I think you can minimalize your loss when you really have that bad luck

i agree.
every kind of investment has its own risks and profits. the important thing is the "total" amount of profit that you have earned at the end of the week (or any period that you prefer). not a couple of losses in one day.
as long as the total profit is an acceptable amount by your standards you did well in your tradings.
but if you are losing money every week in your trades and your total profit is negative, then "you" are doing something wrong.

[oxiyusuf]

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = more secure
 

I'm wondering, how to solve this problem without making any problem even worse.

Lol, let's make this ideal. Faster transaction = More secure, isn't it possible?
Check other coins and you will see

I'm not actually really understand about other coins, but these was the Biggest problem of all time.

I do not think this problem will be resolved, since confirmation is part of the bitcoin itself, but everything may change someday

[hasmukhrawal]

I just love to do work with bitcointalk.
But one thing i hate is they just ban our accoubt without any prior notice or with reason
It may be good if they specify and them ban.

[BTCevo]

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up  

Thanks for your information, but that's not useful for me. Do you want me to visit your city for just spend my btc or use ATM machine? If you can build one in my city, it sounds better then  

I didnt mean it that way, because there are some country that build bitcoin ATM and I think in some few years later if there is a mass adoption of bitcoin or bitcoin becoming mainstream may be your goverment will try to build one of it. Because from my research there are quite good of adoption in this past years in some countries http://cointelegraph.com/news/114093/seven-cities-leading-bitcoin-adoption-in-2015. This will make bitcoin fast to grow in number of adoption and its price too

[oblivi]

Biggest problem with bitcoin is the time.
It takes hours to confirm a transaction so it can be better like other coins to process faster.

You have the opposite of my problem
[IMO]
Faster transaction = Less secure
Slower transaction = More secure
 

I'm wondering, how to solve this problem without making any problem even worse.

you simply do not solve it, because it isn't a problem, merchants should just go ahead and accept 0 confirmations

but if you really want a solution sidechain are what you are looking for

0 confirmations should be enough, but accidents can happen like the one we saw yesterday, where the blockchain split happened.
We need these to be solved before we can have mainstream adoption and merchants being careless about confirmations.

[Blawpaw]

The biggest problem with Bitcoin is still security! Wallet security still needs to be further developed! I'm still waiting for someone who introduces a local wallet with 2FA security + additional factors (email confirmation, trading question, biometrics etc).

I also believe that people running full client nodes should be compensated, and that's an issue that should be addressed.

[johnyj]

The biggest problem is that price development is lackluster, if you could improve the exchange rate performance, make it rise 4x in a year, then the community will expand like supernova, all the other problem will be solved automatically 

[afriezalie]

The first confirmation can take 30 minutes - 1 hour. Also many providers need many confirmation like 3 or even 6. I think 1 confirmation is enough in normal condition ( when split doesn't happen ). Also about security, i can't say anything about this because i lost my 2FA key and i forgot to backup when i re-flash my phone . Some users complain about security. Security is important thing for bitcoin

[scarsbergholden]

I still have this big problem with bitcoin and my self, i had a chance to buy thousands of bitcoin when price was under 50 usd and i passed the offer because i thought mining was going to be good enough.

[oxiyusuf]

Some problems in bitcoin might be resolved if you frequently update the software, and update information as well. because although it has designed a variety of security features and others when not in use will be the same result

[ifightformerkel]

For me its also the confirmation time.

It took nearly 40 minutes or more, that is too long imo.
They coin we see fast in a few minutes, the confirmation 

[jt byte]

a better platform for wallet management could making a killing!

[ransomer]

a better platform for wallet management could making a killing!

Yeah, I heard a bank CEO mention that if Bitcoin becomes dominating, the banks new role might be as custodians of private keys.

Seems plausible.

However, I see some challenges with that. The benefit of having custodians would be to make the bitcoin system as trusted as it is in most western countries today (despite what some in here think). This would include the posibility of a guarantee that the money are safe, and that the bank will reimburse if anything happens. So far so good.... but in order to provide such a guarantee it seems the bank will need to know how many btcs are in the wallet. And then that knowledge has tax implications etc. And that is where many people won't like it so much anymore.

I guess we need a new Satoshi to come up with another revolutionary and simple idea for guarding btcs safely easily. So far I can only think of the banks.. and that again has some nasty side-effects.

[Falconer]

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up 

Thanks for your information, but that's not useful for me. Do you want me to visit your city for just spend my btc or use ATM machine? If you can build one in my city, it sounds better then 

I didnt mean it that way, because there are some country that build bitcoin ATM and I think in some few years later if there is a mass adoption of bitcoin or bitcoin becoming mainstream may be your goverment will try to build one of it. Because from my research there are quite good of adoption in this past years in some countries http://cointelegraph.com/news/114093/seven-cities-leading-bitcoin-adoption-in-2015. This will make bitcoin fast to grow in number of adoption and its price too

Don't you know these countries has legalized bitcoin and their governments let it grow rapidly? Actually I really wish the shop and ATM will be built in my city. Maybe just wait until 2-3 years later.

[JJB]

The first confirmation can take 30 minutes - 1 hour.

Really? Are you sure your sending a decent enough fee? My first confirmations usually happen around ten minutes. I once sent without a fee by accident and it took a very long time, though.

[SISAR]

#1 problem of Bitcoin is probably lack of adoption.

No, it is whales. People who obtained insane amount of bitcoins one way or another and then removed them from economy, reducing exchange liquidity and causing price to swing wildly. There won't be mass adoption unless liquidity improves big time. But you tell that to someone who sits on 10,000+ BTC and does not have to sell any of those coins unless price suits him (1 million dollars or so).

[BTCevo]

The biggest issue is the volatility and I think that's what scares a lot of people off, but at the same time its that volatility that is very attractive to speculators and thus the potential for profit. For the average user who may wish to use it as a currency though it can be scary for them.

This is what I thought for the first time Im doing trading bitcoin, I scare about the volatility but at last I think without any volatility I dont think I can get good profit. With this volatility we can earn every time and get much profit from it

The biggest problem is, I can't spend my bitcoin in any real shop that accept it in my city, so I must exchange it to fiat before if I want to buy a stuff. I hope there will be real shop that accept bitcoin sooner.

I dont know about your city but there are plenty shop that accept bitcoin as their payment out there and from what I heard they also build some ATM machine for some people to get their bitcoin too from a mall so I guess some shops will open in no time. Cheer up  

Thanks for your information, but that's not useful for me. Do you want me to visit your city for just spend my btc or use ATM machine? If you can build one in my city, it sounds better then  

I didnt mean it that way, because there are some country that build bitcoin ATM and I think in some few years later if there is a mass adoption of bitcoin or bitcoin becoming mainstream may be your goverment will try to build one of it. Because from my research there are quite good of adoption in this past years in some countries http://cointelegraph.com/news/114093/seven-cities-leading-bitcoin-adoption-in-2015. This will make bitcoin fast to grow in number of adoption and its price too

Don't you know these countries has legalized bitcoin and their governments let it grow rapidly? Actually I really wish the shop and ATM will be built in my city. Maybe just wait until 2-3 years later.

Thats why Im saying to you that if there is a mass adoption in your country, your government will notice it and may be they will legalized it and build  bitcoin ATM to let you guys spend it. We will see it later how are these things going in another few years  

[Xiaoxiao]

How could bitcoin possibly handle the type of traffic the modern day world demands or even a small fraction of it?