What is big problem in using of bitcoin

[ranochigo]

The major problem is it is utterly useless for 99.99999% of retail transactions. "Accepted Nowhere" wouldn't be 100% true but for all intents and purposes it is an accurate statement.

Begs the question - what is it useful for and why are people paying $330 per BTC? Seems like a bit of a Tulip-mania where most users are just chasing returns rather than use the coins for conducting commerce.

When you're talking about online retail, there is many big companies accepting Bitcoin with a rebate .

Begs the question - what is it useful for and why are people paying $330 per BTC? Seems like a bit of a Tulip-mania where most users are just chasing returns rather than use the coins for conducting commerce.

Supply and demand, my friend. And it's a free market.

Synchronization too slow. It's definitely not safe to be in an online wallet.

Use a SPV client, it literally takes only minutes to finish synchronization.

[Amph]

My problem when using Bitcoin is, something it takes a long time to confirm my transaction.
I don't know whether it's because I didn't send much Bitcoin or...

it's because of the fee very low not appropriate, or because the previous transaction has no fee also

usually you don't need more than 500 satoshi or 1k for any small transaction below 1 btc

[dearbesz]

for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..

[X-ray]

for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..

Not only the changing price is become the main problem on bitcoin , in my opinion, another main problem is block confirmation. Yeah, take a long time just to wait for a block confirmation although I spend a more amount to fee.

[dearbesz]

My problem when using Bitcoin is, something it takes a long time to confirm my transaction.
I don't know whether it's because I didn't send much Bitcoin or...

it's because of the fee very low not appropriate, or because the previous transaction has no fee also

usually you don't need more than 500 satoshi or 1k for any small transaction below 1 btc

i also encountered that problem before.. the confirmation is delayed sometimes but not all the time
but its not the issue for what matters most is they must send the confirmation...

[novemberwoah]

what problem do you have in bitcoin.

I do not have many problems with bitcoin. I have only ever experienced a problem transfer into my wallet purse over many days.

[Piltover]

I don't have much problem with bitcoins...except the waiting time,,, it takes a little time in transferring your earning to your account and when processing your cashouts into dollars...

 

Everyone is having the same problem but it is acceptable as bitcoins is giving us so many other benefits, sometimes confirmations takes time but it is not everytime sometimes the transactions are confirmed in fraction of minutes, The problem I am facing with bitcoins is no one is aware about the bitcoins where I live and no merchants accepts bitcoins as a mode of payment.

There are not that many problems but the bad thing of Bitcoin is that you cant spend it everywhere and that is really bad because you have to know that it must be more acceptable.
So it will be also more used and also more popular and maybe it works perfect when the value is also going to rise.

[hermanhs09]

for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..

Well, yes. I think a lot of people have problems with the changing value of bitcoin that prevents them from doing day to day business with bitcoin. However, this is also good because it means that bitcoin is completely separate from the fiat network.

Also bitcoin prices can go up by a lot like shown in the period of time. So really, that's not a valid concern

[btcltccoins]

what problem do you have in bitcoin.

For me, bitcoin is best seriously i have no problem with it,
Only one think that where i m living in my country, mostly people have no awareness about bitcoins, even my family don't know about it. I wish, bitcoin will get topest place like the dollar has a top place in a fiat currencies.
I wish in all over the world people know about it and use it in trading and investment like us.

[BitsandBites]

what problem do you have in bitcoin.

Nothing much , IMO We just need bigger blocks to go mainstream and with going mainstream the price will increase logically ... also more anonymity won't hurt (Hopefully developpement of Darkwallet will finish) .

Nothing Much! Bitcoin has big scalability issues. Even Gavin Andersen, the guy who proposed ininially 20mb blocks saying they will be fine,
admited;

Scheduling an increase to the maximum block size now is a s
hort-term, “kick the can down the road” fix. It is ugly, but necessary.

Bitcoin isn't backed by any kind of big corporation, and this is why it has slow development, along with the consensus-first policy.
However, bitcoin needs an industry-grade developer team to catch up with consumer needs.
Many proposals aim to improve scalability, like Lightning Network, but they are way too far from implementation stages. So a block increase is required and as there are infinite ways to increase the limit, there are infinite many different opinions, making consensus almost infeasible.

So don't tell me bitcoin doesn't have it's issues. If you think it doesn't, you can freely buy some "incredibly cheap coins" at 220$ per coin right now.

I think it is an big problem becasue why would we use bitcoins if we can use gold you know i dont see the point what is the problem i dont want to use the bitcoin,

[vero]

for me the main problem of bitcoin i think is the changing price value of it
its very unstable,second is the security of the coins particularly if people are newbies
only, so the result is sometimes the hacker comes in because the account is not being secure..

Due we can get a profit from these price changes that currently make people interested investing in bitcoin if the price has been determined the range specified price is certainly at this time we will not be able to see bitcoin stay at the high prices.

[Rizky Aditya]

what problem do you have in bitcoin.

Nothing much , IMO We just need bigger blocks to go mainstream and with going mainstream the price will increase logically ... also more anonymity won't hurt (Hopefully developpement of Darkwallet will finish) .

Yeah that is pretty much the only problem. We also need to have more consistent blocks. They are either very close to each other or very far from each other. Other than that, the only other problem is that you have to pay transaction fees. But it is only a very small amount.

[betohell]

what problem do you have in bitcoin.

I do not have many problems with bitcoin. I have only ever experienced a problem transfer into my wallet purse over many days.

yeah I also did not experience any significant problems in bitcoin. probably only a matter of time at the time of the transaction confirmation in bitcoin. but I still can understand this issue may be quickly resolved

[peta4e]

what problem do you have in bitcoin.

I do not have many problems with bitcoin. I have only ever experienced a problem transfer into my wallet purse over many days.

yeah I also did not experience any significant problems in bitcoin. probably only a matter of time at the time of the transaction confirmation in bitcoin. but I still can understand this issue may be quickly resolved

Confirmation time is not a big deal for me as I never faced any major issue with it, the only problem with bitcoin for me is that I cannot use it physically at a moment, the spendings are limited digitally.

[GermanFoobla]

what problem do you have in bitcoin.

There is really no problem I have with Bitcoin the only thing that I do no like as much is waiting a long time before the price comes by that I like and that I want to sell my coins for.

[universe_]

what problem do you have in bitcoin.

There is really no problem I have with Bitcoin the only thing that I do no like as much is waiting a long time before the price comes by that I like and that I want to sell my coins for.

i cannot agree with you that bitcoin has no drawbacks at all because there are some disadvantages

first of all i think that bitcoin price fluctuation is not good also it takes a lot of time to get confirmations on transactions

[MWesterweele]

One things of it is ofcourse slow confirmations on transactions takes too long sometimes specially on rush hour.And one thing also is i cant use it when im at school because i dont have internet on school so i felt hard being on school

[dinda22]

One things of it is ofcourse slow confirmations on transactions takes too long sometimes specially on rush hour.And one thing also is i cant use it when im at school because i dont have internet on school so i felt hard being on school

yeah lately big problem is transaction delays. bitcoin really are facing a big problem because of the time needed for processing transactions has increased dramatically.

[Shibashi Dogemoto]

As of now I don't have any problem with bitcoin, I am enjoying each and every moment at this stage, as I have earned huge profits from it, so I am not thinking of anything else.

[wintermeasures]

what problem do you have in bitcoin.

My problem is that a large fee for bitcoin transfer to my bank account, in other words I sell bitcoin and accept my country currency. too expensive withdraw these are my problem. Thank you