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Author Topic: What is big problem in using of bitcoin  (Read 38679 times)
bravehearth0319
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August 16, 2016, 01:26:50 PM
 #401

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now
I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved
i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

I agreed, as far as I can see also I don't see any problem at all when it comes to bitcoin. Only the main problem is I think is the individual itself in the bitcoin community, Just wanna make it clear not all community in bitcoin world but some of them is the problem actually. Like Fluctuation in bitcoin is just a part of it, and about the confirmation transactions is also the same a part of it. We just really need to be patient. We patiently waited for the price high of bitcoin/altcoins for a couple of weeks and some are months then when it comes for encashment of bitcoins we became impatient for the transaction confirmation, of course commonse only. Smiley
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August 16, 2016, 01:46:43 PM
 #402

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.

I think you should take advantage of price volatility by making quick profits, because traders loves this situation and they keep on grabbing profits even with small fluctuations.


Exactly, I am a trader and I make best use of price fluctuations, and if bitcoin gets stable in future then I would be really not interested in investing my money into it as it will never give me quick profits.

Yes with like a calm sea in bitcoin not moving anymore, I would not stay too. There will be no excitement anymore. This risks that are happening and the patience in waiting if it will go up is what makes me feel good and monitoring it.
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August 16, 2016, 02:26:05 PM
 #403

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.
it is not that big of a problem, the fact that it is fluctuating wildly all the time means that there are a lot of traders attracted to bitcoin

 
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Yutikas_11920
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August 16, 2016, 02:28:43 PM
 #404

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.

I think you should take advantage of price volatility by making quick profits, because traders loves this situation and they keep on grabbing profits even with small fluctuations.


Exactly, I am a trader and I make best use of price fluctuations, and if bitcoin gets stable in future then I would be really not interested in investing my money into it as it will never give me quick profits.

Yes with like a calm sea in bitcoin not moving anymore, I would not stay too. There will be no excitement anymore. This risks that are happening and the patience in waiting if it will go up is what makes me feel good and monitoring it.

Yeah, it's not going to be an advantage for us for now, because I can be sure that prices will be stable and now bitcoin will experience rising high on the 1 year into the future, right now we just do a simple trading
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August 16, 2016, 02:29:05 PM
 #405

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.

I think you should take advantage of price volatility by making quick profits, because traders loves this situation and they keep on grabbing profits even with small fluctuations.


Exactly, I am a trader and I make best use of price fluctuations, and if bitcoin gets stable in future then I would be really not interested in investing my money into it as it will never give me quick profits.

Yes with like a calm sea in bitcoin not moving anymore, I would not stay too. There will be no excitement anymore. This risks that are happening and the patience in waiting if it will go up is what makes me feel good and monitoring it.

Majority of users are investing their money in bitcoin only because its allowing them to earn quick profits in trading, and I don't see any problems with price fluctuations.
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August 16, 2016, 02:33:01 PM
 #406

I think the biggest problem for me using Bitcoin right now is the unstable price. It's just way too unstable (compared to usual currencies like EUR or CHF) for me to keep a big amount of it. I'd actually love to use Bitcoin and even getting paid in BTC but yeah.

Another problem right now is that it's not accepted everywhere but that problem would be solved if the main issue would be gone.
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August 16, 2016, 03:05:12 PM
 #407

the bit problem that i am facing using bitcoin, is that i cannot use bitcoin in daily life in our markets.
prtty2gal2
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August 16, 2016, 06:19:11 PM
 #408

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.

I think you should take advantage of price volatility by making quick profits, because traders loves this situation and they keep on grabbing profits even with small fluctuations.


Exactly, I am a trader and I make best use of price fluctuations, and if bitcoin gets stable in future then I would be really not interested in investing my money into it as it will never give me quick profits.

Yes with like a calm sea in bitcoin not moving anymore, I would not stay too. There will be no excitement anymore. This risks that are happening and the patience in waiting if it will go up is what makes me feel good and monitoring it.
Just as long as I am still making profits with bitcoin, I am staying. I will only leave if ever I feel like I would not profit from it anymore now, or in the future.
The biggest problem for me with bitcoins right now is the number of physical stores available in our area since there is actually none close.
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August 16, 2016, 06:31:10 PM
 #409

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.

I think you should take advantage of price volatility by making quick profits, because traders loves this situation and they keep on grabbing profits even with small fluctuations.


Exactly, I am a trader and I make best use of price fluctuations, and if bitcoin gets stable in future then I would be really not interested in investing my money into it as it will never give me quick profits.

Yes with like a calm sea in bitcoin not moving anymore, I would not stay too. There will be no excitement anymore. This risks that are happening and the patience in waiting if it will go up is what makes me feel good and monitoring it.
Just as long as I am still making profits with bitcoin, I am staying. I will only leave if ever I feel like I would not profit from it anymore now, or in the future.
The biggest problem for me with bitcoins right now is the number of physical stores available in our area since there is actually none close.

Yup bitcoin is not widely accepted at a moment and that is a big problem that we all are facing at a moment but may be things will change in future.
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August 16, 2016, 06:37:26 PM
 #410

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.

I think you should take advantage of price volatility by making quick profits, because traders loves this situation and they keep on grabbing profits even with small fluctuations.


Exactly, I am a trader and I make best use of price fluctuations, and if bitcoin gets stable in future then I would be really not interested in investing my money into it as it will never give me quick profits.

Yes with like a calm sea in bitcoin not moving anymore, I would not stay too. There will be no excitement anymore. This risks that are happening and the patience in waiting if it will go up is what makes me feel good and monitoring it.
Just as long as I am still making profits with bitcoin, I am staying. I will only leave if ever I feel like I would not profit from it anymore now, or in the future.
The biggest problem for me with bitcoins right now is the number of physical stores available in our area since there is actually none close.

Yup bitcoin is not widely accepted at a moment and that is a big problem that we all are facing at a moment but may be things will change in future.
It should be change because bitcoin is always changing and more companies are accepting bitcoin as payment..  more adoption more price value will come in bitcoin..

Decided to end it with zer0 profit.
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August 16, 2016, 06:43:40 PM
 #411

Biggest problem in using bitcoin is in price instability, this is factor that is stopping many companies and big investors to use bitcoin.if price become stable then more players will join bitcoin.

I'm very agree with you. The price of bitcoin is really big problem for bitcoin, because the price can easily increase and decrease. For some people it's not good for investment.
thats true, a lot of people are afraid to use bitcoins at the moment because they think that the price of the bitcoin is going to drop and they will lose money

 
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Bitcoinsummoner
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August 16, 2016, 06:47:57 PM
 #412

I still haven't any problem using bitcoin,, so i think there is no big problem only exchange site and investment ponzi site is our problem using bitcoin many scammers out there.. so protect your self or ignore them dont deal to someone like that..

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chaosknight
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August 16, 2016, 07:13:26 PM
 #413

I still haven't any problem using bitcoin,, so i think there is no big problem only exchange site and investment ponzi site is our problem using bitcoin many scammers out there.. so protect your self or ignore them dont deal to someone like that..

That's not a problem I guess and that is only a problem if you invest your money in it, and if you stay away from it and prefer to save bitcoins for future then I don't think that there would be any problem.
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August 16, 2016, 07:23:41 PM
 #414

I think the biggest problem for me using Bitcoin right now is the unstable price. It's just way too unstable (compared to usual currencies like EUR or CHF) for me to keep a big amount of it. I'd actually love to use Bitcoin and even getting paid in BTC but yeah.

Another problem right now is that it's not accepted everywhere but that problem would be solved if the main issue would be gone.
i think the main problem is the availability of accepting bitcoin in local shops, i think if this problem solved then the value of bitcoin will increase too much.
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August 16, 2016, 07:27:24 PM
 #415

I think the biggest problem for me using Bitcoin right now is the unstable price. It's just way too unstable (compared to usual currencies like EUR or CHF) for me to keep a big amount of it. I'd actually love to use Bitcoin and even getting paid in BTC but yeah.

Another problem right now is that it's not accepted everywhere but that problem would be solved if the main issue would be gone.
i think the main problem is the availability of accepting bitcoin in local shops, i think if this problem solved then the value of bitcoin will increase too much.

That will be done in future so no need to worry about that and if people will find places that accepts bitcoin then it will create an curiosity in the their minds to know about bitcoins.
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August 16, 2016, 07:50:50 PM
 #416

What kind of problems can someone have with using bitcoin, only one thing fall on my mind, lack of places where we can spend this coins. But its going in good direction, can anyone notice that? Also lack of good promotion for online shopping with bitcoins. In my experience things I wanted to buy with btc was much cheaper with fiat.
I agree with people who said that price is very unstable, and that is big problem. How we can plan anything if price can fall in any moment, about going up I don't wish to say anything cause everyone like when price is rising.

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August 16, 2016, 11:15:50 PM
 #417

what problem do you have in bitcoin.

So far I've here here for less than a week only, so by now I'm not in that stage of having a problem in bitcoin. But most I read in this forum that I found problem here according to the experience of the member is the fluctuation and the confirmation transactions. Maybe later I will encounter that too. Smiley
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August 16, 2016, 11:47:06 PM
 #418

what problem do you have in bitcoin.

So far I've here here for less than a week only, so by now I'm not in that stage of having a problem in bitcoin. But most I read in this forum that I found problem here according to the experience of the member is the fluctuation and the confirmation transactions. Maybe later I will encounter that too. Smiley
The problem can appear for anytime, but I think the fluctuation of price is normal, but I think the serious problem is in the confirmation because if you'll see the companies applied the 3 confirmation or above you need to take a more time just for waiting because the time for getting a confirmation is can't be predicted.

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Mastsetad
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August 18, 2016, 05:21:05 PM
 #419

what problem do you have in bitcoin.

So far I've here here for less than a week only, so by now I'm not in that stage of having a problem in bitcoin. But most I read in this forum that I found problem here according to the experience of the member is the fluctuation and the confirmation transactions. Maybe later I will encounter that too. Smiley

Fluctuation is not something that any bitcoin user would say is a problem because that is the reason why people earn profits through so how that can be a problem, maybe transactions take a little long sometimes but that is really not a big problem i guess.
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August 18, 2016, 05:49:03 PM
 #420

what problem do you have in bitcoin.

So far I've here here for less than a week only, so by now I'm not in that stage of having a problem in bitcoin. But most I read in this forum that I found problem here according to the experience of the member is the fluctuation and the confirmation transactions. Maybe later I will encounter that too. Smiley

Fluctuation is not something that any bitcoin user would say is a problem because that is the reason why people earn profits through so how that can be a problem, maybe transactions take a little long sometimes but that is really not a big problem i guess.

Yeah it is true.  Invesotors see this king of feature of bitcoin as beautiful because it enable them to have profit in short to medium range of time.  The only problem with bitcoin is that, their confirmation sometime is really slow even with the proper amount of transaction fee it still confirm too sloow.  Like what happen to me last week. I sent bitcoin to a site from my multibit wallet.  It took me more than 3  hours before it confirm.  That really is annoying.

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