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Author Topic: What's your biggest problem with Bitcoin  (Read 134994 times)
iamthesky
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February 01, 2016, 02:55:46 PM
 #921

The problem that I am facing with bitcoins at a moment is no one in my country is aware about bitcoins, and there are no merchants that are accepting bitcoins as a mode of payment, and that makes me worried, I hope it will change in future.
sishendaoye
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February 01, 2016, 03:26:24 PM
 #922

My biggest problem with bitcoin is that you can use it only on a few websites.
Its also that there are a lot of scammers around.
The third is that the bitcoin wallets are sometimes hacked.
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February 01, 2016, 03:49:11 PM
 #923

My biggest problem with bitcoin is that you can use it only on a few websites.
Its also that there are a lot of scammers around.
The third is that the bitcoin wallets are sometimes hacked.

There is no scammers if people will not let themselves to be scammed.

Preventing scammers is much easier than preventing hackers.

There are ways. The best defense against scammers are yourself. Learn to research, asked question to the community or any related thing.

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sempak
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February 01, 2016, 03:53:56 PM
 #924

online security wallet that always worries me when big bitcoin deposit funds there.

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MrGodMan
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February 01, 2016, 03:59:41 PM
 #925

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.
The price level will always go up and down and it will not affect the bitcoins prosperity. and I feel the way bitcoins price is increasing and its benefits people are knowing all around the world, criminal people will take advantage of it.

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February 01, 2016, 04:03:29 PM
 #926

online security wallet that always worries me when big bitcoin deposit funds there.

Then why putting big deposits in that kind of wallet?

Although it's trusted it's a nice thing if we aren't putting all our funds in only one wallet to minimize the risk and somehow the loss just in case of abnormality.

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doctor877
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February 01, 2016, 04:06:49 PM
 #927

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.
The price level will always go up and down and it will not affect the bitcoins prosperity. and I feel the way bitcoins price is increasing and its benefits people are knowing all around the world, criminal people will take advantage of it.

Yeah, and criminals are already into bitcoin I guess, but we cannot be sure as bitcoin is decentralized and we don't have control over it, but yes more and more people will start using bitcoins, it will become more popular across the globe and price will be more stable.
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February 01, 2016, 04:14:23 PM
 #928

Problem? The need for internet connectivity if you want to make transactions. Sms could be a great part of bitcoin (idk if something along the lines do exist) and be one of its killer app. There are many developing countries in which not all people could afford internet connection and sms is readily available into their infrastructures.
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February 01, 2016, 07:33:20 PM
 #929

online security wallet that always worries me when big bitcoin deposit funds there.

Wallets in general: A wallet that does currency conversion within... multi sig desktop... little things can make it more user friendly.
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February 01, 2016, 08:44:10 PM
 #930

online security wallet that always worries me when big bitcoin deposit funds there.
Then why putting big deposits in that kind of wallet?

Although it's trusted it's a nice thing if we aren't putting all our funds in only one wallet to minimize the risk and somehow the loss just in case of abnormality.
It's much safer to spread your bitcoins over multiple wallets. If 1 gets hacked, you won't lose everything.
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February 01, 2016, 09:34:29 PM
 #931

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.
The price level will always go up and down and it will not affect the bitcoins prosperity. and I feel the way bitcoins price is increasing and its benefits people are knowing all around the world, criminal people will take advantage of it.

Yeah, and criminals are already into bitcoin I guess, but we cannot be sure as bitcoin is decentralized and we don't have control over it, but yes more and more people will start using bitcoins, it will become more popular across the globe and price will be more stable.

exactly, for criminals it is very good way for transaction with each other. we cant find out who are sending money and who are receiving money, it is online to online working.

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February 01, 2016, 11:59:35 PM
 #932

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.
The price level will always go up and down and it will not affect the bitcoins prosperity. and I feel the way bitcoins price is increasing and its benefits people are knowing all around the world, criminal people will take advantage of it.

Yeah, and criminals are already into bitcoin I guess, but we cannot be sure as bitcoin is decentralized and we don't have control over it, but yes more and more people will start using bitcoins, it will become more popular across the globe and price will be more stable.

exactly, for criminals it is very good way for transaction with each other. we cant find out who are sending money and who are receiving money, it is online to online working.

I think its not only criminals, but the Government officials are also using bitcoins, as they are no more less then criminals, they are taking all benefits of bitcoins but don't want that people of their country should be benefited by bitcoins and that is the reason they are not making bitcoins legal.
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February 02, 2016, 03:30:15 AM
 #933

online security wallet that always worries me when big bitcoin deposit funds there.

Wallets in general: A wallet that does currency conversion within... multi sig desktop... little things can make it more user friendly.

Maybe if you guys worries in online wallet..try change to offline wallet.it will be secure..
For me i still comfort using online wallet like blockchain that help me transaction ..so far its secure and comfort using that wallet
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February 02, 2016, 04:31:39 AM
 #934

online security wallet that always worries me when big bitcoin deposit funds there.

Then why putting big deposits in that kind of wallet?

Although it's trusted it's a nice thing if we aren't putting all our funds in only one wallet to minimize the risk and somehow the loss just in case of abnormality.


my biggest problem with bitcoin what time is increase  rate and what time less I don,t know because when i want use bitcoin one day after already price bitcoin less and i think about it why very soon less price

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February 02, 2016, 08:16:48 AM
 #935

Namely the price really can differ and that's the most unpleasant.
So, you run a risk when you buy or sell it at the wrong time.

So I had a time that I had bought it for a lot, whereas it was much cheaper after three months. I was then really regret it.
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February 02, 2016, 08:17:09 AM
 #936

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.
The price level will always go up and down and it will not affect the bitcoins prosperity. and I feel the way bitcoins price is increasing and its benefits people are knowing all around the world, criminal people will take advantage of it.

Yeah, and criminals are already into bitcoin I guess, but we cannot be sure as bitcoin is decentralized and we don't have control over it, but yes more and more people will start using bitcoins, it will become more popular across the globe and price will be more stable.

exactly, for criminals it is very good way for transaction with each other. we cant find out who are sending money and who are receiving money, it is online to online working.

the fact that it favor criminal, it does not mean that is a tool for criminal, the real criminal are government that want to control everything and taxe you like no tomorrow, with unfair taxes, that i can pretty much call stealing
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February 02, 2016, 09:06:50 AM
 #937

The bitcoin price is too volatile. When I want to sell things, it is not possible to mark it in bitcoin price. I can easily make a loss.
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February 02, 2016, 09:30:34 AM
 #938

the only biggest problem is that the price is high right now and i can not buy cheap bitcoins as an investment that could bring me fast and easy money Cheesy

The price is not high any more. It is below $400 for some time. If the mining difficulty keep on rising, some miners will lose money.
The price level will always go up and down and it will not affect the bitcoins prosperity. and I feel the way bitcoins price is increasing and its benefits people are knowing all around the world, criminal people will take advantage of it.

Yeah, and criminals are already into bitcoin I guess, but we cannot be sure as bitcoin is decentralized and we don't have control over it, but yes more and more people will start using bitcoins, it will become more popular across the globe and price will be more stable.

exactly, for criminals it is very good way for transaction with each other. we cant find out who are sending money and who are receiving money, it is online to online working.
It takes a couple of hours to track your transaction down to your house, just depends on who is doing it and behind waht motives.It is killer switch for the criminals.

The bitcoin price is too volatile. When I want to sell things, it is not possible to mark it in bitcoin price. I can easily make a loss.
well in that case you could set the price to fiat a value and let it fluctuate with it
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February 02, 2016, 09:44:25 AM
 #939

my biggest problem with bitcoin what time is increase  rate and what time less I don,t know because when i want use bitcoin one day after already price bitcoin less and i think about it why very soon less price

I don't get your post but I think you are pointing about the ups and down in bitcoin price.

Well you can't take it as a biggest problem since that is the challenge for us. Make profit or make loss.

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February 02, 2016, 10:01:14 AM
 #940

My biggest problem with bitcoin is that you can not use it as real money.
I really hate it that stores do not accept bitcoins.
Also the wallets are getting hacked often that's another one.
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