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Author Topic: What's your biggest problem with Bitcoin  (Read 135034 times)
23dzmaz
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March 27, 2016, 03:24:25 PM
 #1441

The biggest problem with Bitcoin is that you never know what will happen with the value of Bitcoin, so you must take risks with it.
And it is normal to take some risks if you want to make some profit with it, to make profit will be not that easy.

Yeah you are right. The price of bitcoin always change everytime, that's really big problem for me because it's always different when i sell or buy bitcoin.
bonski
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March 27, 2016, 03:29:05 PM
 #1442

The biggest problem with Bitcoin is that you never know what will happen with the value of Bitcoin, so you must take risks with it.
And it is normal to take some risks if you want to make some profit with it, to make profit will be not that easy.

Yeah you are right. The price of bitcoin always change everytime, that's really big problem for me because it's always different when i sell or buy bitcoin.

You are both right that bitcoin doesn't have stable value. And we don't know what will happen on the next years with bitcoin. But we just need to believe bitcoins, since many people now are using it has true  value, exchange and it is true online money.
Zuminest
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March 27, 2016, 05:44:35 PM
 #1443

bitcoins are still only accepted by small group of online merchants..
if a wallet file is corrupted, nothing is there to recover it...
bitcoin system could contain unexploited flaws...
bitcoin price has ups and downs...
Slowturtleinc
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March 27, 2016, 05:48:04 PM
 #1444

Speed of transaction and image. Speed of 1 confirmation is to slow,if I have to purchase something and hang out for 10 minutes its never going to reach enough people. Imagine a back log of customers waiting to leave in a store but needing to wait 10 minutes.
The image of pedophiles,drug dealers and terrorists is a public image disaster.
We need a group that helps push postive things in the community under a bitcoin umbrella that reflects in a postive manner.

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BitMaxz
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March 27, 2016, 06:00:39 PM
 #1445

I think the only and biggest problem that i experience in bitcoin is slow speed in transaction.. if i send bitcoin to other wallet it took to 20 minutes before i receive it.. than paypal that you can receive the funds fast..
I hope they can increase the speed transaction in the future..

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kurdisajo
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March 27, 2016, 06:42:59 PM
 #1446

I think the only and biggest problem that i experience in bitcoin is slow speed in transaction.. if i send bitcoin to other wallet it took to 20 minutes before i receive it.. than paypal that you can receive the funds fast..
I hope they can increase the speed transaction in the future..

biggest problem with bitcoin is its lack of a smart contract functionality.  It is too easy to send bitcoin off for some goods or services and not receive those goods or services in return.
RBF
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March 27, 2016, 06:49:16 PM
 #1447

I don't have problems with Bitcoin, however, I think that the modus operandi could be less complicated for people with limited knowledge of the digital world. This is the main reason for most of people not use bitcoins.
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March 29, 2016, 06:48:37 PM
 #1448

That would be probably the relatively slow confirmation time, it's just too annoying when there are spam attacks going and the network and blocks getting full, it's just too frustrating to wait for the 1st confirmation that can take even hours.
owm123
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March 29, 2016, 09:40:32 PM
 #1449

That would be probably the relatively slow confirmation time, it's just too annoying when there are spam attacks going and the network and blocks getting full, it's just too frustrating to wait for the 1st confirmation that can take even hours.

Just pay higher fee. Problem solved.

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2double0
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March 31, 2016, 08:13:16 AM
 #1450

That would be probably the relatively slow confirmation time, it's just too annoying when there are spam attacks going and the network and blocks getting full, it's just too frustrating to wait for the 1st confirmation that can take even hours.

Just pay higher fee. Problem solved.

it does not solve the problem every time as even with higher fee, I have seen many transactions taking lot of time to confirm.
blockchain is a good technology, but it sucks a lot these days, this ledger is an advantage on one side and on the other, a curse.
hejaes
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March 31, 2016, 03:19:08 PM
 #1451

That would be probably the relatively slow confirmation time, it's just too annoying when there are spam attacks going and the network and blocks getting full, it's just too frustrating to wait for the 1st confirmation that can take even hours.

Just pay higher fee. Problem solved.

it does not solve the problem every time as even with higher fee, I have seen many transactions taking lot of time to confirm.
blockchain is a good technology, but it sucks a lot these days, this ledger is an advantage on one side and on the other, a curse.

biggest problem is being a pioneer. When you are a pioneer, you feel a little bit alone sometimes, and misunderstood. But being ahead of the pack was never something easy, so I like to look at the positives and think that what im doing now will be understood long the line..
Blackmet
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March 31, 2016, 07:41:49 PM
 #1452

My bigest problem that i can't understand why i am always losing gambing it's so annoying  Grin
Also i want to learn how and when need to mine cause it's requrie a good timing

jethrorn99
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April 01, 2016, 10:05:28 AM
 #1453

That would be probably the relatively slow confirmation time, it's just too annoying when there are spam attacks going and the network and blocks getting full, it's just too frustrating to wait for the 1st confirmation that can take even hours.
Agreed. The slow confirmation time is annoying. It's making doing transaction harder.

That's the weakness of bitcoin than fiat. But the pros is a lot as well.
delliaerd
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April 01, 2016, 10:17:05 AM
 #1454

My bigest problem that i can't understand why i am always losing gambing it's so annoying  Grin
Also i want to learn how and when need to mine cause it's requrie a good timing

Just stay away from gambling , and you won't loses any bitcoin  in gambling. And about minning, Indeed whoever who play in minning should have experience for not lose money. One of the reason that people lose out is they are didn't know good time to mine.

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pocarime32
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April 01, 2016, 10:28:38 AM
 #1455

My biggest problem is when i need to travel to some place that no access for internet, and i need to open my bitcoin online wallet. Yeah, internet is the biggest problem for me.
randy8777
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April 01, 2016, 10:41:17 AM
 #1456

My biggest problem is when i need to travel to some place that no access for internet, and i need to open my uᴉoɔʇᴉq online wallet. Yeah, internet is the biggest problem for me.

you can also buy a cheap simcard with some data on it, just to have access to your mobile wallet. that's what i do when i'm on vacaction if there are no wifi spots. but then again, even if there are wifi spots, it's not really safe to use them in combination with your wallet as the network can be messed with.
Ubertroco
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April 01, 2016, 10:45:43 AM
 #1457

Its dependecy OF internet, the lack OF a hard currency AND the slowness ON its transfers

faridkifly
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April 01, 2016, 11:28:30 AM
 #1458

My biggest problem is when i need to travel to some place that no access for internet, and i need to open my uᴉoɔʇᴉq online wallet. Yeah, internet is the biggest problem for me.

you can also buy a cheap simcard with some data on it, just to have access to your mobile wallet. that's what i do when i'm on vacaction if there are no wifi spots. but then again, even if there are wifi spots, it's not really safe to use them in combination with your wallet as the network can be messed with.
internet?where do you live dude?i courious.
supposedly, today using or having the Internet is very easy.  Grin
lolgato1
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April 01, 2016, 11:30:33 AM
 #1459

The problem it is with me is the growing transaction times. It should only take 10-30 minutes keyword should but sometimes it takes 45+ minutes especially at slow times of the day where it can take over an hour. I just hope that some better asics come out help battle the difficulty.


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Daifotis
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April 01, 2016, 11:44:41 AM
 #1460

The problem it is with me is the growing transaction times. It should only take 10-30 minutes keyword should but sometimes it takes 45+ minutes especially at slow times of the day where it can take over an hour. I just hope that some better asics come out help battle the difficulty.

Just add some fees to prioritized it. If you want to default the fees then expect some long transaction times. Adjust to it as we are the users rather than bitcoin will adjust for us.
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