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Author Topic: What is big problem in using of bitcoin  (Read 38679 times)
Bit_Happy
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July 06, 2016, 06:55:07 PM
 #301

The problems that can appear are related to the Bitcoin volatility. So, sometimes you win, sometimes you lose, dependong on the current price...

Price volatility is a challenge for some people, and a huge opportunity for others.
Much of this year has been way too stable, imo.

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July 06, 2016, 07:06:07 PM
 #302

Price volatility is a problem sometimes, but usually bitcoin usage has no problems at all. I love when sending payments in bitcoin and love for example when the price of it is high about 700 dollars so I can send 15 dollars with a mere 0.022 bitcoin. Bitcoin has no problems until now , maybe the confirmation time if you are about to gamble but even this problem is solved by many gambling companies which accept it with 0 confirmation and right after you deposit it it shows on your balance.
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July 06, 2016, 07:06:51 PM
 #303

The problems that can appear are related to the Bitcoin volatility. So, sometimes you win, sometimes you lose, dependong on the current price...

Price volatility is a challenge for some people, and a huge opportunity for others.
Much of this year has been way too stable, imo.
it is more like an opportunity for me, to be honest i really like the fact that bitcoin price is not stable and is constantly changing, to be honest i dont have any problems with bitcoin i think

 
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Akupuniard
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July 06, 2016, 07:07:33 PM
 #304

For me personaly it is my poor knowledge about bitcoin and other stuff linked with bitcoin, i should learn more, read different literature and watch usefull vids.

Vikingr
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July 06, 2016, 07:28:27 PM
 #305

The only problem i think is some times it takes a lot of time for the transaction to get confirmed in blockchain.Despite that bitcoin is the best.And if we pay the recommended fee then we dont have to face this problem as well.
i got this problem too, i sometimes have to wait a lot of time until my transactions get confirmed and they appear on the website, it would be really cool to be honest if we didnt have to wait

The developers should have to work on it for remove that problem, and I think they may be busy in planning for that so that public are in convenience in sending and receiving their coins to any person.
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July 06, 2016, 07:54:11 PM
 #306

what problem do you have in bitcoin.
For me there are two quite big issues with Bitcoin:

First of all, is the increased transaction confirmation time.

Secondly, the fact that Bitcoin isn't widely used in the world.

Only time will tell if these issues will go away.  Smiley

Low level of confidence, awaiting 6 confirmations and bla bla bla.  I have friends who had experienced more than 24 hour delay in the transaction.  This is one big problem to be hurdled.

Yes, consider you are in grocery shop standing in a queue of people at a bill counter and waiting for the confirmations. Thats way too long for a real time processing. This can be a big problem in the future.
Bitcoin isn't designed for immediate transactions like a retail shop just yet. That is indeed a problem.
However, as of my experience, it takes roughly 10 minutes for a transaction to be confirmed and that's actually a lot better than those money transfers which takes roughly half a day to confirm.
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July 06, 2016, 08:11:42 PM
 #307

what problem do you have in bitcoin.

main problem in my opinion is lack of a universal adoption and ease of understanding by the public en mass.

Coinbase and Shift Visa are helping a lot to alleviate that.
yeah, thats a little bit sad to be honest that bitcoins have really small adoption nowadays but i hope that the situation in the future will be much better and more people will be using bitcoins

 
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bitcoin-hunter
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July 06, 2016, 09:26:29 PM
 #308

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!
Chrismeister
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July 06, 2016, 09:35:12 PM
 #309

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!
I also do not like it but keep in mind its all about the fee's so its your own choice if you are using high fee's or low fee's.
I think that its not a very big problem but that it is annoying.
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July 06, 2016, 09:43:05 PM
 #310

My biggest problem with btc is exchange rates, and merchant acceptance. It's a nightmare to use an ATM or local bitcoin to convert btc; the fees are outrageous although the service is swift. With comes to the reason you have to convert bitcoin in the first place, real life companies (mortgage, utilities, the government) don't directly accept bitcoin. Only fiat.
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July 07, 2016, 07:58:13 AM
 #311

I think the biggest problem of using it is miner commision,at least for me.Of course you cant step through it without paying it
but well that's the life.Security is fine if you know how to do it.Big problem is also BTC usage to illegal activities (money laundering,drugs etc.)

We all know that the popularity of Bitcoin is growing daily, daily new member comes to bitcoin community..., I think it all depend on how we use our Bitcoins, if we decided to use as a illegal payment source then its bad, but if we use and teach others to use as a good way then its good.... And for the security reason Bitcoin wallets are more safe than others,,,
If people keep using bitcoins for illegal transactions, it can become a problem for us too but we can not deny the fact that over 80% of the users are using bitcoins for gambling and ponzi schemes and hence we all are facing this issue. We need to bring this to an end and then only bitcoins can get recognized as a legal currency.
Maesters1-
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July 07, 2016, 11:53:10 AM
 #312

I think the biggest problem of using it is miner commision,at least for me.Of course you cant step through it without paying it
but well that's the life.Security is fine if you know how to do it.Big problem is also BTC usage to illegal activities (money laundering,drugs etc.)

We all know that the popularity of Bitcoin is growing daily, daily new member comes to bitcoin community..., I think it all depend on how we use our Bitcoins, if we decided to use as a illegal payment source then its bad, but if we use and teach others to use as a good way then its good.... And for the security reason Bitcoin wallets are more safe than others,,,
If people keep using bitcoins for illegal transactions, it can become a problem for us too but we can not deny the fact that over 80% of the users are using bitcoins for gambling and ponzi schemes and hence we all are facing this issue. We need to bring this to an end and then only bitcoins can get recognized as a legal currency.
but i think this not a big problem. do you think that all the terrorist activities are due to the use of bitcoin no it  is not so. they may be using Dollar or any other local currency. i think the big problem in using bitcoin is that where to use the bitcoin. we have no such opportunities in our area. how can we do shopping using bitcoin. people do not have even any idea about bitocin . and i think that is the real problem.
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July 07, 2016, 11:58:59 AM
 #313

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

I didn't encountered any problems with bitcoin yet it is okay when it comes to transactions even though it is delayed for sometime . but the only thing that bitcoin has to complain about is the fluctuation because we do not notice that the bitcoin price is suddenly became down...
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July 07, 2016, 12:09:52 PM
 #314

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

I didn't encountered any problems with bitcoin yet it is okay when it comes to transactions even though it is delayed for sometime . but the only thing that bitcoin has to complain about is the fluctuation because we do not notice that the bitcoin price is suddenly became down...


Yes, compare to Bank transaction I think this is very easy. Yes if we transfer any amount to Bank account they will take some minimum time. Suppose if we use any Nationalized bank they will take 24 hours. And banks will not work holidays. But Bitcoin is not like that you can transfer any amount of coins at any time and anywhere from the world. It will reach with in few min. So as of now, i have not faced any issues in transaction.
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July 07, 2016, 12:10:39 PM
 #315

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

I didn't encountered any problems with bitcoin yet it is okay when it comes to transactions even though it is delayed for sometime . but the only thing that bitcoin has to complain about is the fluctuation because we do not notice that the bitcoin price is suddenly became down...

i also dont have any problems, those transaction delays sometimes get me irritated though i dont pay too much attention to that, to be honest bitcoin is nearly perfect for me

 
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Bokelka
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July 08, 2016, 08:29:51 AM
 #316

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

I didn't encountered any problems with bitcoin yet it is okay when it comes to transactions even though it is delayed for sometime . but the only thing that bitcoin has to complain about is the fluctuation because we do not notice that the bitcoin price is suddenly became down...

i also dont have any problems, those transaction delays sometimes get me irritated though i dont pay too much attention to that, to be honest bitcoin is nearly perfect for me

The transaction might be OK for now, but when the bitcoin users increase, it is not fast enough for so many more users.
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July 09, 2016, 09:51:40 AM
 #317

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

I didn't encountered any problems with bitcoin yet it is okay when it comes to transactions even though it is delayed for sometime . but the only thing that bitcoin has to complain about is the fluctuation because we do not notice that the bitcoin price is suddenly became down...

i also dont have any problems, those transaction delays sometimes get me irritated though i dont pay too much attention to that, to be honest bitcoin is nearly perfect for me
I would say the same. I don't really have any problems with the transaction confirmation times because I get them confirmed as soon as in a few minutes, sometimes in an instant. I guess some people just don't know the principles of transaction confirmation priority. Sometimes, they just send too low fees that's why they are having problems.
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July 09, 2016, 11:15:43 AM
 #318

My main problem is I can't transfer it to fiat currency without going to identification process it kind a weird, and I can only transfer a large amount of BTC if I verified all the requirements with my local wallet.
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July 09, 2016, 01:30:13 PM
 #319

I was complaining about transactions speed,i mean they are still really fast compared to the bank transfers,but
i think that we need to step forward right?
I dream about instant btc transaction's,but it will never happen probably :/
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July 09, 2016, 02:11:44 PM
 #320

I was complaining about transactions speed,i mean they are still really fast compared to the bank transfers,but
i think that we need to step forward right?
I dream about instant btc transaction's,but it will never happen probably :/
What are you doing, do you can understand about bitcoin? i never think the transaction speed is has a problem, maybe you complaining about the confirmation. The transaction is instant no needed a long time for this but for confirmation anytime can getting a problem.

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