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Author Topic: What is big problem in using of bitcoin  (Read 38651 times)
jostorres
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August 27, 2016, 05:28:38 PM
 #521

Its risk when im converting btc in real money Smiley

It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin

I don't think there is any risk in converting btc in real money, I am successfully doing it since I am into bitcoins, it easily gets transferred to my bank account, btw can you tell me what is the risk in it?

Ya it is true that converting btc in fiat currency is easy, i am living in india and i am converting my bitcoins to fiat currency through localbitcoins site and i get directly to my bank account, so if you tell which country you are residing their will surely be some local exchanges or you can get online exchanges also to convert it.
I think the risk he is talking about is that when he converts it to fiat, the value of bitcoin then goes up. Well, that's just pretty normal if it happens. We can not predict accurately the value of bitcoin.

The biggest problem for me on using bitcoin is that there aren't much of a physical store that accepts bitcoins. That's just a shame and I can't spend my coins directly. I need to cash them out first before I would be able to use them.

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August 27, 2016, 07:50:30 PM
 #522

For me, the biggest problem is the fact that the confirmations are taking too long these days. This can be really bad in some situations.
well yeah to be honest in my opinion it is still too slow, i hope that in the future we will actually be able to make them way faster




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August 28, 2016, 03:00:53 AM
 #523

Bitcoin is my opinion on privacy and trust
warwar
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August 28, 2016, 03:13:58 AM
 #524

Its risk when im converting btc in real money Smiley

It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin

I don't think there is any risk in converting btc in real money, I am successfully doing it since I am into bitcoins, it easily gets transferred to my bank account, btw can you tell me what is the risk in it?

Ya it is true that converting btc in fiat currency is easy, i am living in india and i am converting my bitcoins to fiat currency through localbitcoins site and i get directly to my bank account, so if you tell which country you are residing their will surely be some local exchanges or you can get online exchanges also to convert it.
I think the risk he is talking about is that when he converts it to fiat, the value of bitcoin then goes up. Well, that's just pretty normal if it happens. We can not predict accurately the value of bitcoin.

The biggest problem for me on using bitcoin is that there aren't much of a physical store that accepts bitcoins. That's just a shame and I can't spend my coins directly. I need to cash them out first before I would be able to use them.

Same ! here in our country no store as of now and that i know that accepts bitcoins but there is a store that you can buy only bitcoin but they cant accept bitcoin as payment . The value or the price of bitcoin that is unstable is not a challenge for me sometimes because that is bitcoin we accept it. The only problem is you cant spent your bitccoin directory to the stores of yu buy something.
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August 28, 2016, 09:56:14 AM
 #525

The big problem is that you guys keep talking about the weakness of Bitcoin instead of thinking about the advantages and use it for a better purpose.
Because if we keep talking about bad things about something, then that something will keep being bad.

Yep, And even if that does not get bad because we discuss the bad things about it but it would surely make new people coming towards it feel that is has too much negativity and that can stop them to come to it.
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August 28, 2016, 10:01:32 AM
 #526

It is amount of dark marketplaces and lack of stores that accepts them. I know only 2 local stores in my town that accepts them, and my town is pretty large so 2 is not enough for sure
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August 29, 2016, 10:00:27 AM
 #527

Its risk when im converting btc in real money Smiley

It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin

I don't think there is any risk in converting btc in real money, I am successfully doing it since I am into bitcoins, it easily gets transferred to my bank account, btw can you tell me what is the risk in it?

Ya it is true that converting btc in fiat currency is easy, i am living in india and i am converting my bitcoins to fiat currency through localbitcoins site and i get directly to my bank account, so if you tell which country you are residing their will surely be some local exchanges or you can get online exchanges also to convert it.

Right, i also convert my fiat currency into bitcoins and most of the time, and no problem in it, thats all are trust-able, no risky in it. If we want do online investment or business and trading and something other than we should take risk and trust to others. Otherwise how can we do work on online?
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August 29, 2016, 11:17:28 AM
 #528

I dont have big problem with bitcoin
sometimes the confirmation is too late, but its no problem for me.

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August 29, 2016, 01:14:23 PM
 #529

Bitcoin is my opinion on privacy and trust
yeah, bitcoin is really good because it is private money of the people that are not regulated by any kind of governments or banks

 
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August 30, 2016, 08:09:37 AM
 #530

Its anonymus behaviour is a advantage and a problem too.for example hd wallets in mycelium wallet they offer a new address after every transaction and some people actully find it creazy and uses a fixed address with a single private key but for some whales or who has balance over 5btc are dying for this type of security
It will always be a problem if we not enough careful. The only thing we can do is crack down on it’s illegal use or simply avoid any such scenarios. I think if they found a way to streamline the way you receive your bitcoin address it would make it make harder to use for illegal activity.

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August 30, 2016, 08:21:15 AM
 #531

It is amount of dark marketplaces and lack of stores that accepts them. I know only 2 local stores in my town that accepts them, and my town is pretty large so 2 is not enough for sure

You are lucky you have 2! It's my dream any store in my town accepts Bitcoin and my town is the capital of the largest country in Europe (Ukraine, yeah it's funny, just learned this yesterday  Smiley  ). Zero stores accepting Bitcoins is not enough for sure.

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August 30, 2016, 10:03:48 AM
 #532

the only problem that we are facing in bitcoin is the we have no local shops where we can use bitcoin directly for shopping.
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August 30, 2016, 10:16:09 AM
 #533

to me the begist problem in using bitcoin is the transaction coformation, some time it really take such a long time to conform.
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August 30, 2016, 10:23:56 AM
 #534

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way
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August 30, 2016, 01:36:19 PM
 #535

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

It is indeed the case in the last few months, since there is a fairly high growth. now it is increasingly the case, but I am sure that this will soon be resolved if there is some definite solution will be given by the dev, bitcoin.
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August 30, 2016, 02:13:15 PM
 #536

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

Yeah, sometimes it very long and boring and better to go to sleep, but about scammers it's only your fault if you was scammed, usually scammers are bad.

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August 30, 2016, 02:36:39 PM
 #537

what problem do you have in bitcoin.
My problem in bitcoin is too slow synchronization in bitcoin core (since my PC specs is not much high) also so many scammer bitcoin users and illegal transaction if you look in deep web you can saw a lot of selling guns, drugs and anything illegal transaction that accept bitcoin as a payment.

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August 30, 2016, 02:50:27 PM
 #538

what problem do you have in bitcoin.
My problem in bitcoin is too slow synchronization in bitcoin core (since my PC specs is not much high) also so many scammer bitcoin users and illegal transaction if you look in deep web you can saw a lot of selling guns, drugs and anything illegal transaction that accept bitcoin as a payment.

That selling thing have been a problem for quite some time. We know it buy we cannot do anything about it. You wont even want to have a problem with them. It will be risky.

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Legasean
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August 30, 2016, 02:55:51 PM
 #539

The biggest problem in using bitcoins is that there are so many people who dont know exactly what to do with the bitcoin and i know for sure that the security of the bitcoin is that bad that we all have to know that your coins are not save not even in a wallet.
kaomaxx
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August 30, 2016, 02:56:52 PM
 #540

The problem associated with bitcoins is the lenthy process of acquiring the digital currency as identification will be required and and certain limitations to newbies
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