What is big problem in using of bitcoin

[Nowl1935]

what problem do you have in bitcoin.

The hyips, the scammers, the late transactions, etc. For me, that's the biggest problem i ever had in using of bitcoin, because I always got scam, or the transactions are late. I hate when the transactions is late because i need the money in time but it's delay because of traffic in blockchain.

[opossum]

what problem do you have in bitcoin.

The hyips, the scammers, the late transactions, etc. For me, that's the biggest problem i ever had in using of bitcoin, because I always got scam, or the transactions are late. I hate when the transactions is late because i need the money in time but it's delay because of traffic in blockchain.

If you already know that they are scammers then it doesn't make any sense to invest your money into it, try to stay away from them and its better to hold your coins instead of investing it anywhere.

[owm123]

The main problem of Bitcoin is its vulnerability .. by that i mean it is too easy for a skilled hacker to take out coins from people who are new to it or even average users too and when looking from the other side it is also vulnerable as the rates literally fuctuates about 40% every month ..this is something that is beneficial for the people who are into trading but for the rest of the people who use it for other purposes rather than trading might have to face the worst circumstances.

^^ This! Security is still the main problem and the biggest challenge for the mainstream adoption in my opinion. People just suck in online security, that is proven numerous times. We need to progress a lot in this field if we want the average Joe to put his hands on bitcoins. I mean, Bitcoin is not bank that they will reimburse you if you get hacked. Here, when you screw over you have screwed and lost your coins.

In the cotrary, in Bitcoin you are your own bank. If you lose your coins, its only your fault as you are fully resposbile for your own money.

[cambda]

The main problem of Bitcoin is its vulnerability .. by that i mean it is too easy for a skilled hacker to take out coins from people who are new to it or even average users too and when looking from the other side it is also vulnerable as the rates literally fuctuates about 40% every month ..this is something that is beneficial for the people who are into trading but for the rest of the people who use it for other purposes rather than trading might have to face the worst circumstances.

^^ This! Security is still the main problem and the biggest challenge for the mainstream adoption in my opinion. People just suck in online security, that is proven numerous times. We need to progress a lot in this field if we want the average Joe to put his hands on bitcoins. I mean, Bitcoin is not bank that they will reimburse you if you get hacked. Here, when you screw over you have screwed and lost your coins.

In the cotrary, in Bitcoin you are your own bank. If you lose your coins, its only your fault as you are fully resposbile for your own money.

If bitcoin wallet is our own bank then we will surely take care of it in the best way, and its not easy for any hacker to hack our wallet and steal our coins.

[harizen]

The only problem i face is sometimes it takes alot of times many hours for the transaction to be confirmed.The recommended fee is sometimes really high if we are sending small amount of bitcoins then there is a bit problem...also btc price has increased so the fee value has become more as well..otherwise i love bitcoin

Then always try to make a transaction in bulk form as much as possible.

In that way you can save transaction fees rather than doing a regular small amount transaction.

[StoreBit]

I think I have no big problem related to bitcoin. but the little ones are that of the transection problem and the wallet security problem. one more problem is that of the legalization problem of bitcoin by the states. i think if these problems are resolved i think bitcoin will become the king of crypto currencies.  

[posternat]

Well I got no problem in using bitcoin. I easily convert it to real cash, and use it for other purposes. Well for me it's not a problem its a problem solver.

About the transaction confirmation? You doesn't experience a problem in transaction confirmation? For me transaction confirmation is the most problem  in bitcoins

I think so, this transaction confirmation and delays causes a lot of concerns. Some time it takes days  to clear the funds and if you need it immediately you have nothing to but be patience and wait. BUT they say you can increased the fee so that your transaction will be given high priority in the blockchain to confirm.

Yes true I also have experienced transaction was delayed and it was very boring. Perhaps the problem that must be overcome to bitcoin users more comfortable.

Delay in transactions sometimes can be frustrating on the part of the user  but apart from it, there is no drawback in bitcoins

[rphk]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

[hermanhs09]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

[SquallLeonhart]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

[Dewi Aries]

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

ya, i think now even with some high fees, bitcoin still need time for transaction to get confirmed. when i try with 2 different fees, both of my transaction need same time to get confirmed even used different fees

[neochiny]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

[eddyubachs]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

Majority of people will not love price stability in bitcoins as it will never allow them to grab profits on  tiemly basis, and if gets stable then  many people will stop using bitcoins.

[Cyaren]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

Majority of people will not love price stability in bitcoins as it will never allow them to grab profits on  tiemly basis, and if gets stable then  many people will stop using bitcoins.

Yes!  you know it! people love the major fluctuations to get their emotions going haha, it's that rush of euphoria that brings all members of btc back again again and again to the same feeling. It's the same feeling that people say when they get arrested "it was the thrill that got me caught" well i know it isnt the exact same but it's pretty close to that you know?

[sobsitesearch]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

Majority of people will not love price stability in bitcoins as it will never allow them to grab profits on  tiemly basis, and if gets stable then  many people will stop using bitcoins.

Thats true bitcoin give us profit when its price is fluatuational the trading method is good on that, as of now i do not encounter some problem while using bitcoin in my online transaction only the delay on transaction but i think this is normal in online.

[novemberwoah]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

Majority of people will not love price stability in bitcoins as it will never allow them to grab profits on  tiemly basis, and if gets stable then  many people will stop using bitcoins.

Thats true bitcoin give us profit when its price is fluatuational the trading method is good on that, as of now i do not encounter some problem while using bitcoin in my online transaction only the delay on transaction but i think this is normal in online.

Yes there is no serious problem in bitcoin. Just be one that I think may be quite annoying that when disruption of transactions. It may need to be addressed because it may be a little annoyed users.

[neochiny]

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

Majority of people will not love price stability in bitcoins as it will never allow them to grab profits on  tiemly basis, and if gets stable then  many people will stop using bitcoins.

those majority of people will probably traders(im also a trader) but if bitcoin achieve stability it will have more opportunity to be an option of investment of other people and businesses even for those who are not that familiar with bitcoin yet. that way bitcoin might be able to go mainstream and become more popular than hiding in the shadow and being known as a currency used by criminals.

[pandalion98]

what problem do you have in bitcoin.

I like the fact that transactions are anonymous and irreversible, but that's also the problem with bitcoin.

No one can really tell who stole your bitcoins (if it gets stolen) and you can't really get it back except when you have the private key/if it's given back.

[shinratensei_]

what problem do you have in bitcoin.

I like the fact that transactions are anonymous and irreversible, but that's also the problem with bitcoin.

No one can really tell who stole your bitcoins (if it gets stolen) and you can't really get it back except when you have the private key/if it's given back.

For it's not and anonymous because people can see your wallet, and seemed to publish your financial to common people. because bitcoin is decentralized it's can make difficult to take a step, if you getting crime activities to your wallet.

[Daniel91]

I think that biggest problem with Bitcoin is that we are not recognized by law in the most countries in the world.
It means, if someone stole my Bitcoin, I can't report it as crime because in my country Bitcoin isn't money or financial asset.
Even if I will try to explain someone what is Bitcoin, I'm not sure if they will understand or care.