What is big problem in using of bitcoin

[SquallLeonhart]

I find sometimes that the blockchain is really constipated and it can take ages for my payments to be confirmed so something needs to happen to get the blockchain moving faster and I don't know if developers are working on this or not but it would be nice to get a fix on it I think.

What was the longest time you waited for a conformation? I'm asking because it never was an issue for me: all the transactions were going almost immediately or were taking 20 minutes max. Just make sure you've included a decent transaction fee and then it should go fast. This doesn't mean you should pay big money to have a fast transaction, in most cases 10k sats (which is $0.06) is enough.

It really depends  on  what wallet are you using  , for me  im using  blockchain.info wallet  which automatically  deducts  fee from each transfer , as you said  confirmation/transfer times are  not too slow just  like what you said  20 mins would be the  max  but sometime i do experiencing  much longer  like  for  30-45 mins, i dont really  know why but the  most  important thing for me that  i could able  to recieve the money.

I think only few times it takes long for transaction to get confirmed but if we add additional fees then it won't take  longer time for confirmation, so I don't think its big problem at a moment.

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[randy8777]

I think the problem in using of bitcoin is the price of bitcoin that always changed every hours. It's good for a trader, but it's not good for me that always buying bitcoin every week.

it depends on what you are doing with your coins. if you are constantly spending them, then i can agree that a volatile price is not always wanted by you. but if you just save your coins for the long term, then simply ignore the volatility and try to use it in your advantage by trading from time to time. this is of course assuming you have at least a basic understanding of trading.

[Seansky]

For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.

[chaser15]

For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.

If you really need some bitcoins fast, then you can add some miners fee to make it to the priority. That is the only way "as of now".

Using web wallets that offers a coverage of transaction fees is not a good idea if people want's an instant transactions.

[deisik]

For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.

If you really need some bitcoins fast, then you can add some miners fee to make it to the priority. That is the only way "as of now".

Using web wallets that offers a coverage of transaction fees is not a good idea if people want's an instant transactions.

I can confirm that. Personally, I've never had any issues with Coinbase which I use occasionally (they cover the fees), but when I had been trading at Bitfinex slightly over a year ago, I ran right into this mess. Bitcoin withdrawals were free at Bitfinex back then, which meant that the exchange had been paying the fee for you. Needless to say that they were trying to minimize their expenditures as much as possible by paying minimal fees, and when I tried to withdraw around 1 BTC to grasp at an opportunity of making quick bucks through arbitrage, my (their) transaction got stuck for two days...

Ironically, when it eventually went through, the price had changed yet more in my favor, and I booked even greater profits at the end of the day

[gerXhonza]

For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.

Copy paste bitcoin address should not be a problem and if its a problem for you then that is really weird, those are the basic things in bitcoin and if we cannot take care then its better to leave the place.

[Noctis Connor]

the biggest problem is safe storing of our bicoins

What an a big problem if your problem is safe storing of our bitcoin it is safe in blockchain we all know that blockchain now if very safe and it can't hack anymore or maybe there having maintenance weekly or daily for the safest of our bitcoin for me it was easy to use blockchain nowadays.

[JessicaSe]

the biggest problem is safe storing of our bicoins

What an a big problem if your problem is safe storing of our bitcoin it is safe in blockchain we all know that blockchain now if very safe and it can't hack anymore or maybe there having maintenance weekly or daily for the safest of our bitcoin for me it was easy to use blockchain nowadays.

Yes saving bitcoins is not a problem as we have some good wallets with high level of security that keeps our bitcoins safe in wallet and won't be easy for any hacker to hack them.

[phreaky]

With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.

[Fatanut]

With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.

I have never encountered small transactions getting lost. Please post a proof or something. Because as I look at how Bitcoin works, almost everything is perfect especially when sending/receiving money. The exact amount that you sent minus the transaction fee will be received by the other person without losing any amount at all. There's no shady stuffs going on in blockchain that would cause losing small transactions.

[umaOuma]

With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.

I have never encountered small transactions getting lost. Please post a proof or something. Because as I look at how Bitcoin works, almost everything is perfect especially when sending/receiving money. The exact amount that you sent minus the transaction fee will be received by the other person without losing any amount at all. There's no shady stuffs going on in blockchain that would cause losing small transactions.

Yeah I have never faced any issue with the amount of bitcoins being sent or received, its perfectly fine and if that happens regularly then people will stop having faith in bitcoin transactions I guess.

[cloud69]

What's a big problem? People using bitcoins to buy illegal stuff 

[madwica]

I do not have any problem in using bitcoin, for me its have great services that people likes bitcoin, or it is depending on the bitcoin wallet services because all things can make easy by using our bitcoin online wallet.

[amacar2]

What's a big problem? People using bitcoins to buy illegal stuff 

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

[Shibashi Dogemoto]

What's a big problem? People using bitcoins to buy illegal stuff 

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

Well this cannot be treated as an problem, this are the basic precautions that every user should take to not loose their hard earned coins in such a silly way, and apart from that I don't see any problem in bitcoin.

[goinmerry]

What's a big problem? People using bitcoins to buy illegal stuff 

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

Well this cannot be treated as an problem, this are the basic precautions that every user should take to not loose their hard earned coins in such a silly way, and apart from that I don't see any problem in bitcoin.

Maybe we should stop thinking about it and focus on making some right things that cam be used to make bitcoin more good looking to new investors.

[deisik]

With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.

I have never encountered small transactions getting lost. Please post a proof or something. Because as I look at how Bitcoin works, almost everything is perfect especially when sending/receiving money. The exact amount that you sent minus the transaction fee will be received by the other person without losing any amount at all. There's no shady stuffs going on in blockchain that would cause losing small transactions.

It seems that you didn't read the post that you replied to very carefully. The question is not so much about losing money as about disappearance of unconfirmed transactions (this is not the same thing). Even if a transaction doesn't get confirmed, bitcoins cannot be lost. When the transaction gets dropped from the pool of unconfirmed transactions after some timeout (two days, I'm not mistaken), everything is essentially back to square one as if this transaction did exist at all. So it looks like the transaction just disappeared (got lost)...

Apparently, with no change to the balance of your wallet

[Mastsetad]

What's a big problem? People using bitcoins to buy illegal stuff 

Even fiats are being used by criminals or by people to buy illegal stuffs.

We have to be little carefull about putting recommended transaction fee as well as when copying bitcoin address where we gonna send out coin because as bitcoin is irreversible once we sended it to wrong address its gone.

Well this cannot be treated as an problem, this are the basic precautions that every user should take to not loose their hard earned coins in such a silly way, and apart from that I don't see any problem in bitcoin.

Buying drugs or any other illegal stuff with bitcoin is not the problem of bitcoin but it is a problem for the buyers, because such stuffs are bought with all the currencies all around the world so we cannot just say that the currency by which an illegal action is done has problems.

[newcoins1978]

The big problem in the use of bitcoin is actually using it. There's not alot of places that have heard about bitcoin yet or just don't accept it yet.
That's the worst thing for a currency cause then it becomes less valuable and useful.

[tygeade]

The big problem in the use of bitcoin is actually using it. There's not alot of places that have heard about bitcoin yet or just don't accept it yet.
That's the worst thing for a currency cause then it becomes less valuable and useful.

That's true but until people are using it digitally I don't think it will much affect its price, as at a moment very few people are spending it physically but still we are sitting at descent price level.