What is big problem in using of bitcoin

[angaper]

My main problem is the usual volatility of bitcoin which makes very difficult to use it as a site of value, which is very important for me because I am using bitcoins as a long term investment and it has always been very difficult to foresee its future behavior because of the usual uncertainty that prevails in altcoins market.

[ivanst776]

what problem do you have in bitcoin.

Every service/coin or any other thing has its pros and cons, so is bitcoin too.

What is a big problem using bitcoin is that we should wait for many minutes or hours to get enough confirmation to be safe that the funds has been sent or received and there is no chargeback chance.

Bitcoin needs to have bigger blocks and needs to be integrated in more services/markets so people can use it more.

[richardsNY]

My main problem is the usual volatility of bitcoin which makes very difficult to use it as a site of value, which is very important for me because I am using bitcoins as a long term investment and it has always been very difficult to foresee its future behavior because of the usual uncertainty that prevails in altcoins market.

It's very important at what price you buy your coins for long term holding and store of value purposes. If I take myself as an example, I bought coins below $300 and below $400 last year. The coins I bought below $300 are being used as store of value for the long term. The coins I bought below $400 were just for investment purposes. I sold many of them around $750 in June, and bought back some at below $400 rates at the time Bitfinex was hacked. That's how I do it. This allows you to use the volatility in your advantage instead of seeing it as a bad thing.

[Tacalt]

what problem do you have in bitcoin.

Every service/coin or any other thing has its pros and cons, so is bitcoin too.

What is a big problem using bitcoin is that we should wait for many minutes or hours to get enough confirmation to be safe that the funds has been sent or received and there is no chargeback chance.

Bitcoin needs to have bigger blocks and needs to be integrated in more services/markets so people can use it more.

You know that given the networks current strengths the chance of someone mining the next consecutive 6 blocks is almost impossible? With typical transactions (if you're ignoring the size of the tx) and not an automated service 1 conf. is probably more than enough to suffice.

[purebitco]

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

thats true, it is basically the main reason why i hate banks that much and why i try to use their services as less as often, i just hate it to be honest

[JeffBrad12]

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.

That's why a lot of stores is not wanna for accepting bitcoin in their payment, they're will difficult to balancing the value of their goods into bitcoin rate because that is very volatility and always change for a short time.

[poplolnman]

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.

yeah as bitcoin decentralized , you have own your bank. also people always think that the big problem in bitcoin are the bitcoin transaction irreversible means "any transaction issued with Bitcoin cannot be reversed , they can only be refunded by the person receiving the funds" ! because that "you are own your bank" concept.

[beamforming2]

It is the transactions speed
i think that we need to step forward right?
I dream about instant btc transaction's,but it will never happen probably :/

[madwica]

I do not see any problem using bitcoin the transaction speed for me is good i do not encounter any delay, also my online wallet has more feature or services offer to the users of bitcoin that is why i am happy while using bitcoin.

[kulas]

My only problem of using bitcoin is that its sometimes very annoying that the bitcoin transaction takes some time for confirmations. That is the only thing I hate in bitcoin. Also the price fluctuation of bitcoin.

[Mr. Big]

I do not see any problem using bitcoin the transaction speed for me is good i do not encounter any delay, also my online wallet has more feature or services offer to the users of bitcoin that is why i am happy while using bitcoin.

Though sometimes there are delays in the transaction, but it is acceptable since it don't take more than 2 hours if there is a delay.. I too is using a online wallet and I am satisfied with bitcoin as there is still a way to use it, I hope one day we won't have to use exchanges frequently each time we need to use our bitcoin to purchase.. 

[Imoote]

My only problem of using bitcoin is that its sometimes very annoying that the bitcoin transaction takes some time for confirmations. That is the only thing I hate in bitcoin. Also the price fluctuation of bitcoin.

True, the problem of delayed transfers is very disturbing. I too have experienced the problem of transfer up to 5 days. I want it fixed so as not to interfere, because I think it's very disturbing. And the number of scam sites may also be a little annoying because it makes us uneasy to choose a good site.

[Supercrypt]

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, bitcoin has no fault in this issue, scammers are everywhere at every times and we can not avoid them so why do you blame bitcoin for that. And about the fact that bitcoin is still not accepted widely, I think things will change because bitcoin is new in compare with fiat money so it just simply needs times and I assure you the future is very potential.

[madwica]

I do not encounter any problem in bitcoin when i am using it that is why i am satisfied using my bitcoin wallet in every transaction i made like in online shopping, paying my bills, and loading my cellphone it is very easy and quick response of confirming the transaction.

[Mr. Big]

I do not encounter any problem in bitcoin when i am using it that is why i am satisfied using my bitcoin wallet in every transaction i made like in online shopping, paying my bills, and loading my cellphone it is very easy and quick response of confirming the transaction.

That's the usual things that we could do with bitcoin and have no problem about doing it except if the online shop or the website that you've visited is a fraud or have too many sellers that are not under the owners control... This coming days I have a plan to travel and I saw that my online wallet is offering that service, in short they are accepting payment for a bus travel, it's going to be cool... I hope that it won't be a problem or a conflict with other passengers if I bought a ticket online.. 

[Xenophoto]

In the buyer's perspective, the big problem with bitcoin is the anonymity and the inability to revert the payment. Once he sends the payment, he can never get it again nor can he cancel it. The same thing applies when he sends it to a wrong address.
If the seller scams him, he can't trace him because the bitcoin address doesn't give you any personal whereabouts unless the scammer has uploaded his real whereabouts.

[jonahmarieaton101]

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

Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it

[Kalamsid]

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

Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it

The price volatility is a problem for the bitcoin at the moment. But it is because the price is too low, and easy to manipulate.

[Danielzo]

Forks. Take the DAO for example. Yes, it happened in the case of Ethereum, but weren’t we close to a similar outcome few months ago?

[Imoote]

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

Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it

There may be problems such as transfer payments which sometimes takes a long time. I've sent bitcoin to more than 5 new day sent, and it was very frustrating to me. Besides possible problems of bitcoin is still number of scam sites and it struck me as being a problem. I think it's a problem to be solved by the bitcoin as very disturbing comfort.