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Author Topic: What's your biggest problem with Bitcoin  (Read 135040 times)
Jet Cash
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February 24, 2016, 08:48:54 AM
 #1201

My biggest problem was finding a Bitcoin domain name. It seems all of the decent .coms were already registered. I've just managed to pick up BitcoinUncovered.com though.

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hasiramasenju
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February 24, 2016, 09:23:20 AM
 #1202

my biggest problem with Bitcoin currently i can't spend it for buying my daily needs because not many stores adopt bitcoin as a payment in my country
chaser15
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February 24, 2016, 09:31:53 AM
 #1203


My biggest problem with Bitcoin is that I dont know when to sell it. If you think it is the right value and you want to sell it. You never know of the price will rise after that.
It is very hard to predict for what is going to happen. And buying is easier than sell.

And the value is now rising slowly so what to do ? Just wait ?

That kind of problem is always repeated here.

Of course there's no person who can predict the price. But others getting a big earnings everytime there is an price increase so how they did that?

That's the challenge to you. There's no easy money but there's a effective way to have it.

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doctor877
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February 24, 2016, 10:16:37 AM
 #1204


My biggest problem with Bitcoin is that I dont know when to sell it. If you think it is the right value and you want to sell it. You never know of the price will rise after that.
It is very hard to predict for what is going to happen. And buying is easier than sell.

And the value is now rising slowly so what to do ? Just wait ?

That kind of problem is always repeated here.

Of course there's no person who can predict the price. But others getting a big earnings everytime there is an price increase so how they did that?

That's the challenge to you. There's no easy money but there's a effective way to have it.

Yes, if everyone would be knowing when to buy and sell, everyone would have become rich, you need a good knowledge and good strategy to when to sell and when to buy.
goinmerry
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February 24, 2016, 10:38:03 AM
 #1205

my biggest problem with Bitcoin currently i can't spend it for buying my daily needs because not many stores adopt bitcoin as a payment in my country

This kind of problem have been a problem for a quite a time now. There are many who opens stores that accepts bitcoin but I dont think it also last for a long time. Risk in accepting bitcoin may be a problem for this kind of business.
ampere
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February 24, 2016, 10:40:21 AM
 #1206

my biggest problem with Bitcoin currently i can't spend it for buying my daily needs because not many stores adopt bitcoin as a payment in my country

This kind of problem have been a problem for a quite a time now. There are many who opens stores that accepts bitcoin but I dont think it also last for a long time. Risk in accepting bitcoin may be a problem for this kind of business.

The problem is users don't find shops that accepts bitcoins, and merchants finds it difficult to receive payment in terms of bitcoins.

gilangIDR
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February 24, 2016, 03:43:17 PM
 #1207

the problem I faced when using bitcoin is not all places that sell my needs every day accept bitcoin as a medium of payment. still need time to be able to accept bitcoin globally in their daily lives.
elizabethqueen
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February 24, 2016, 04:01:20 PM
 #1208

I think transaction confirmation and the competition of mining
its major problem,you can solve this,mining competition is miner and block rules,wait for consensuse,

Imoote
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February 25, 2016, 04:57:55 AM
 #1209

the problem I faced when using bitcoin is not all places that sell my needs every day accept bitcoin as a medium of payment. still need time to be able to accept bitcoin globally in their daily lives.
Yes now the deployment of bitcoin is still not evenly distributed, not all places provide bitcoin payments. Maybe it takes time for bitcoin be known throughout the world and can be recognized by everyone.
goinmerry
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February 25, 2016, 07:23:14 AM
 #1210

the problem I faced when using bitcoin is not all places that sell my needs every day accept bitcoin as a medium of payment. still need time to be able to accept bitcoin globally in their daily lives.

Been a problem for quite some time. But give it some time. Bitcoin is still a child that is growing. And someday those stores will accept it and you will find yourself in a mall full of bitcoin accepted signs.
agustina2
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February 25, 2016, 07:42:28 AM
 #1211

the problem I faced when using bitcoin is not all places that sell my needs every day accept bitcoin as a medium of payment. still need time to be able to accept bitcoin globally in their daily lives.

Been a problem for quite some time. But give it some time. Bitcoin is still a child that is growing. And someday those stores will accept it and you will find yourself in a mall full of bitcoin accepted signs.

And yes expect some nice development while future aheads with bitcoin.

There are persons here who are having a hard time too finding some stores that directly accepts bitcoin but they managed to get some ways to solve that problem. Maybe you can ask your bitcoin community there.
Kalder
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February 25, 2016, 10:12:38 AM
 #1212

the problem I faced when using bitcoin is not all places that sell my needs every day accept bitcoin as a medium of payment. still need time to be able to accept bitcoin globally in their daily lives.

That is the problem for now. It will be solved when bitcoin become more popular and more accepted in the future.

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February 25, 2016, 10:22:37 AM
 #1213

My biggest problem with it is how difficult it is to keep it secure. Any slight human error could mean losing your Bitcoins either via an incorrectly created backup, or a security breech.
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February 25, 2016, 10:58:07 AM
 #1214

I got a new problem in gambling, this time I often lost the gamble, but despite losing I always keep playing with the hope to win, and in the end my money ran out, but now I try to stay away from gambling   Sad

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February 25, 2016, 12:02:27 PM
 #1215

I got a new problem in gambling, this time I often lost the gamble, but despite losing I always keep playing with the hope to win, and in the end my money ran out, but now I try to stay away from gambling   Sad

Good decision, stay away from gambling, you would win at the initial stage, but at the end of the day you turn  up loosing, so its better not to gamble with your hard earned coins.

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February 25, 2016, 12:18:06 PM
 #1216

my biggest problem with Bitcoin currently i can't spend it for buying my daily needs because not many stores adopt bitcoin as a payment in my country
You have to move to Netherlands,  it was heaven of bitcoin, you can find many merchants like coffee shops accepting bitcoin.
There a lot of online store accepting bitcoin too, all you need are make your own research which one trusted and you might spend there.
Don't worry in a couple years the world would welcoming to bitcoin and this shouldn't be a big deal to find a place to spend your bitcoin.
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February 25, 2016, 12:21:17 PM
 #1217

I got a new problem in gambling, this time I often lost the gamble, but despite losing I always keep playing with the hope to win, and in the end my money ran out, but now I try to stay away from gambling   Sad

Well that is not the problem with bitcoin. The problem here is you.

Learn new things to make you stay away from gambling but that will become only effective if you are eager to change.

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February 25, 2016, 01:38:17 PM
 #1218

The biggest problem is with Bitcoin that you never know what to do. I always think when should I buy it or sell it.
Because you dont know how it will happen later in the future and that is not good. You should just have to take the risk if you do something.
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February 25, 2016, 02:39:43 PM
 #1219

My biggest problem with it is how difficult it is to keep it secure. Any slight human error could mean losing your Bitcoins either via an incorrectly created backup, or a security breech.

And that what it makes secure because hackers have to move carefully when infiltrating bitcoin wallets. And that is why many hackers now are using ransomware because they do not bother decrypting a well encrypted bitcoin wallet.

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February 25, 2016, 02:45:20 PM
 #1220

My biggest problem was finding a Bitcoin domain name. It seems all of the decent .coms were already registered. I've just managed to pick up BitcoinUncovered.com though.
You are right. Finding a bitcoin related domain is pretty tough task. Because there are millions of bitcoin related domains have been registered and the more bad thing is almost 40% of these domain are don't have websites or don't have regular updates.
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