What is big problem in using of bitcoin

[livinglegend]

I believe it is the number of places where you can use it as a currency, there is still a relatively low number of options to do so. But I understand that it takes time for the ecosystem to develop.

[1714826565]

1714826565

[1714826565]

1714826565

[1714826565]

1714826565

[Red-Apple]

what problem do you have in bitcoin.

Fluctuation is the main killer for bitcoin going mainstream. A daily swing of Thousand dollars would cause business to start and collapse daily thats why business use bitpay etc. All we need is small fluctuations when bitcoin goes mainstream. The only way bitcoin can take over is fiat dies or if fiat is around businesses would be hesitant to store profits in bitcoin.

I don't think that fluctuation is the main killer for bitcoin.  As far as I can see fluctuation is just a normal process for Bitcoin. For so many years from 2009 up to now the fluctuation still moving, does it kills bitcoin? of course not! why? It is because there are more community has being established now than before.

it doesn't kill bitcoin, and it is not even a big deal with bitcoin.
but it is a problem nonetheless. and the only effect it can have in my opinion is that people will think twice before wanting to buy and hold bitcoin to use it as a currency because of the possibility of price drop.

[knightkon]

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

I agree with the fact there is no trust and honesty in the system.  When it comes to bitcoin, there are not enough people using it to make it a norm in society.  Because of this, it makes it hard to spend it in public.  Then you have the scammers who are always setting up scam investment sites in which there is no one policing them.  Start up a USD scam site like some of these bitcoin investment sites and see how long it takes for the FBI to come knocking at your door!

[groll]

I cannot think of a big problem in using bitcoins.  Maybe the value of it always goes down or goes up it always like that, it is unstable.  Sometimes it is hard to think of if you should buy some or encash your bitcoin from your wallet since there is no guarantee about its price.  Aside from the price nothing more cause transfering and sending money is very much okay.

[Cuhua-hua]

I cannot think of a big problem in using bitcoins.  Maybe the value of it always goes down or goes up it always like that, it is unstable.  Sometimes it is hard to think of if you should buy some or encash your bitcoin from your wallet since there is no guarantee about its price.  Aside from the price nothing more cause transfering and sending money is very much okay.

It's not because you can think your needs are now met by a bitcoin always and you get no harm when using bitcoin. It is always felt by all users of the bitcoin and they all almost says what you are doing. So the place is very good bitcoin and very profitable

[Antonio G.]

Very unstable price is the main btc problem for me. I would like if btc price only go up

[passwordnow]

Very unstable price is the main btc problem for me. I would like if btc price only go up

That is not a problem because it is a crypto currency and don't expect that it is going to be a problem because it is one of the characteristic of bitcoin. I think there is no big problem at all as most of the problems are just light and I don't find it very big as it is still giving me convenience as I am using bitcoin daily in my life.

[Cuhua-hua]

Very unstable price is the main btc problem for me. I would like if btc price only go up

That is not a problem because it is a crypto currency and don't expect that it is going to be a problem because it is one of the characteristic of bitcoin. I think there is no big problem at all as most of the problems are just light and I don't find it very big as it is still giving me convenience as I am using bitcoin daily in my life.

Yeah, indeed it is not a problem for us. Because the increase or decrease in prices is bound to happen. from the unstable prices, we can get extraordinary things, especially on decreasing bitcoin. Because when prices drop bitcoin can we get tremendous advantage and can get a bitcoin with larger quantities when prices are high rise bitcoin

[btccashacc]

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

You can do research first before join or invest on some bitcoin site, by find some information or their thread on this forum, i usually check their thread before joining, just looking for any negative feedback or positive,but the most important is just dont invest on cloudmining or any ponzi site

[Spirit2016]

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

You can do research first before join or invest on some bitcoin site, by find some information or their thread on this forum, i usually check their thread before joining, just looking for any negative feedback or positive,but the most important is just dont invest on cloudmining or any ponzi site

Perhaps using bitcoin can get more hype, as the conduct of all operations in need of a serious inspection and control. Each transaction must be under control. I still do not understand all the aspects of the case, but in my state of knowledge, it is very difficult.

[mark coins]

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

You can do research first before join or invest on some bitcoin site, by find some information or their thread on this forum, i usually check their thread before joining, just looking for any negative feedback or positive,but the most important is just dont invest on cloudmining or any ponzi site

Even if its cloud mining or any other investment sites its really difficult to trust anyone in the online world as most of them are frauds and will scam you in long run.

[chaser15]

Really annoying to see some problems and concerns here about bitcoin's price fluctuation.

It's that really a problem to you? Can you open your mind that without price fluctuation you can't expect a price increase that will give you a profit for long term. Ups and down are normal and it's a must that price decrease should also happen so that we aren't force to buy at our considered high price.

[bitdumper]

in my country its hard to explain people about bitcoin they do not belive any of my words they are just like slaves of government and banks they don't belive that there can be something beside them

[socks435]

Really annoying to see some problems and concerns here about bitcoin's price fluctuation.

It's that really a problem to you? Can you open your mind that without price fluctuation you can't expect a price increase that will give you a profit for long term. Ups and down are normal and it's a must that price decrease should also happen so that we aren't force to buy at our considered high price.

yeah right its a normal thing that the price of bitcoin is changing high and low.. because the price of bitcoin is unpredictable and it will never be stable even in the future.. we are making a profit for the price increase so its not a big problem.. i think the big problem right now how we can ban those scammers online investment site and cloud mining site.. they are still getting leads and many people are still experience of scamming because of that schemes.

[crairezx20]

in my country its hard to explain people about bitcoin they do not belive any of my words they are just like slaves of government and banks they don't belive that there can be something beside them

Yeah same here thats why bitcoin is very hard to offer the bitcoin to others they are thinking that its a scam because they are forcing or offering it to them to buy bitcoin and hold it or teach them to earn with bitcoin but they are still not trusting it because they said its scam..

[Bestwishes745]

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

[swogerino]

The problem to me is the unpredictibility of the price from day to day.
I buy some then it either increases in the value or worst it decreases alot.

You are absolutely right the price of bitcoin always up and down but it is can be predict by activities and also halving bitcoin. But to have knowledge for predict bitcoin you must learn fluctuations of bitcoin for a long time enough.

Fluctuation should really not be a problem for the users of bitcoin because if the price drops sometimes then it rises even more later on so if you buy today and it drops a bit tomorrow but it would grow more in coming day so that should not be considered a problem i think.

This is the major problem with my daily activities in using bitcoin. It is always guess work when you are choosing to spend or choosing to buy. You never know the true actual value of how much you are paying for a service or product.

[bitdumper]

banks control all the money in a economical region and we are the one who creates the value/price of this currency by our demands and supply and bitcoin is also relative by this.and it is relative so it will take a long time to take actions like 400-500years minimum

[coindancer]

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

bitcoin has the goal of reducing the trust needed when transferring money. you don't need to trust your bank for example. but still people need to make good decisions to not just give their money away. scammers will take that with a smile.

[vero]

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

yes bad understanding has a lot going on, as he said that many btc sites...some are just scammers, clear from the statement in question is based Ponzi investment site and it certainly was one of her own. This is not a problem in bitcoin but how people are too greedy desire a great income without having to do anything which is mostly promoted by an investment site.