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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
Ceizer54
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October 02, 2015, 08:19:19 PM
 #481

Just one issue bith bitcoins sometimes the confirmations take a little time to br completed and thus this annoys me because whenever i am in a hurry to trade bitcoin for some altcoin at an exchange and i deposit,then it doesn't come instantly and by the time it comes,the rate at which i wanted to trade has already gone..that's the only problem i have
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October 02, 2015, 08:20:57 PM
 #482

Just one issue bith bitcoins sometimes the confirmations take a little time to br completed and thus this annoys me because whenever i am in a hurry to trade bitcoin for some altcoin at an exchange and i deposit,then it doesn't come instantly and by the time it comes,the rate at which i wanted to trade has already gone..that's the only problem i have

One of the solutions available to get faster confirmation times is to increase the miner's fee with a certain transaction. Higher transaction fee means that your transaction is put to 'high priority' in the network.

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bitbollo
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October 02, 2015, 08:26:43 PM
 #483

my personal biggest problem with bitcoin it's the possibility to exchange small quantities of fiat currency (like dimes) into fraction of bitcoin...
I think that this can be the best way to spread this currency into the daily use... Like pay a coffee... a pizza...

Some times another problem was the long transaction time... yes if you need quickly validation, it become so lazy wait a couple of confirmation to spend again the BTC...

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October 02, 2015, 08:40:46 PM
 #484

Just one issue bith bitcoins sometimes the confirmations take a little time to br completed and thus this annoys me because whenever i am in a hurry to trade bitcoin for some altcoin at an exchange and i deposit,then it doesn't come instantly and by the time it comes,the rate at which i wanted to trade has already gone..that's the only problem i have

One of the solutions available to get faster confirmation times is to increase the miner's fee with a certain transaction. Higher transaction fee means that your transaction is put to 'high priority' in the network.

That's right, especially recently blockchain got some issue with a transaction. rise a miner fees little bit is not make you to be a poor.
for reference to get "high priority": https://en.bitcoin.it/wiki/Transaction_fees
dhimasnk
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October 02, 2015, 09:10:43 PM
 #485

What I'm concerned about is the security of the wallet, I've lost a lot of my bitcoin wallet. I am also worried about the price of BTC were down a lot

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Minecache
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October 02, 2015, 09:41:36 PM
 #486

The 7 transactions per second limit and the inability of any Bitcoin developers to form a strong consensus to problem solving for the better good of the currency.

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October 02, 2015, 09:55:18 PM
 #487

Simply don't understand why a bitcoin has any value at all. who was the first person that decided a bitcoin was worth trading for real cash?
popovicbit
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October 02, 2015, 10:16:09 PM
 #488

That I don't own 1000BTC...but seriously I wish this thing would blow up sooner<-----patience grasshopper
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October 03, 2015, 01:02:30 AM
 #489

which is still an issue for me is the security of my data. especially if it saves me money in the wallet website
DieJohnny
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October 03, 2015, 01:05:24 AM
 #490

i need a place to deposit my bitcoin hoard where i can trust someone else to guard it for me.

I will fail myself i know it, i don't want to buy any more coins because it just creates more anxiety for me. too much risk.....

Those who hold and those who are without property have ever formed distinct interests in society
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October 03, 2015, 04:28:51 AM
 #491

Simply don't understand why a bitcoin has any value at all. who was the first person that decided a bitcoin was worth trading for real cash?

The first people were just playing around with bitcoins. They believed that it could succeed, as a means to transfer value.
Bitcoin now has the trust of a large community, and so it's price has risen (ignore the last 2 year time frame) from the initial stages.


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October 03, 2015, 07:21:22 AM
 #492

The price, can't it just stay there at $1000? Or at least just change every month, but not too significant.
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October 03, 2015, 07:24:16 AM
 #493

What I'm concerned about is the security of the wallet, I've lost a lot of my bitcoin wallet. I am also worried about the price of BTC were down a lot

if this is because of thief, you need to work mor eon your cold storage, if it's because of your fault, you need to do more backup, simply solutions that cna avoid big problem
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October 03, 2015, 07:31:53 AM
Last edit: October 03, 2015, 07:44:32 AM by codishmumu
 #494

My problem with bitcoin is that I still to this day don't understand the point of it. I'm trying my best to understand it though, and that's why I'm here. I'm also here to break the barrior between creative people and technological people to remind them that we can work together to make both of our industries grow.
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October 03, 2015, 11:43:41 AM
 #495

The price, can't it just stay there at $1000? Or at least just change every month, but not too significant.

A lot of people would have loved the price to stay at $1000.  Wink
Seems like you got your wish now though (relative price stability)
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October 03, 2015, 01:05:51 PM
 #496

My problem with bitcoin is that I still to this day don't understand the point of it. I'm trying my best to understand it though, and that's why I'm here. I'm also here to break the barrior between creative people and technological people to remind them that we can work together to make both of our industries grow.

Yes unlike physical money system, bitcoin needs at least internet knowledge to understand to send money and receive money. Many people round the world still illiterate, so bitcoin may need it's own time to make people to understand it's core basics.
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October 05, 2015, 08:30:02 PM
 #497

the biggest problem for me is it is very hard to earn it.also requires so much time.

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October 05, 2015, 09:32:32 PM
 #498

I once waited so long for a transaction to be confirmed. Everything about bitcoin to be is pretty fantastic, but if transaction would happen instantly, or faster, bitcoin would be on another level than it is right now.

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October 05, 2015, 09:40:34 PM
 #499

My biggest problem that i am faced with bitcoin is the transaction.
Recently many transaction does not get confirmed, because of these kind of stress test.
Also after around 2 days it gets back to the sender, another problem is the double spent.
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October 05, 2015, 09:42:10 PM
 #500

The biggest problem is that you must download all existing transactions and blocks if you want an offline wallet.

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