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Author Topic: What is big problem in using of bitcoin  (Read 38679 times)
coin_gambler
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September 17, 2016, 08:19:36 PM
 #741

there are no problem using bitcoins at the moment in my opinion the worst thing is that confirmations sometimes take a lot of time, but thats not terrible

 
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September 17, 2016, 08:55:01 PM
Last edit: September 17, 2016, 09:06:01 PM by deisik
 #742

In my view, the big problem of bitcoin is the news. Alot of people never heard of bitcoin or heard invalid news that didn't attract them enough to look after bitcoin and therefore have the chance to find the up to date and reliable bicoin news sources. We should tell people the truth about bitcoin.

Media outlets are doing a lot to harm bitcoin's reputation. It's like the bank lobby is winning which is not far. I know that we need better promotion but the media could help bitcoin a lot by reporting more objective news.
I guess some central banks are intentionally sponsoring for this kind of promotions against bitcoin. In order to they want to stay in their business, I believe they do not want bitcoin gets more popular. That is the reason medias are giving more importance to some news and programs which are not supporting bitcoin.

And how do you fancy that, namely, the Central banks intentionally sponsoring anti-Bitcoin promotions? I think that Bitcoin is too small a bird (though an angry one) for Central banks to be afraid of. It is well known that the mass media industry is giving preference to what most attracts their consumers and what arouses the mob. That is, blood, brains, and rock&roll, figuratively speaking...

So, Bitcoin is mostly portrayed as the established currency of crooks, while its users as committed criminals

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September 17, 2016, 10:03:23 PM
 #743

In my view, the big problem of bitcoin is the news. Alot of people never heard of bitcoin or heard invalid news that didn't attract them enough to look after bitcoin and therefore have the chance to find the up to date and reliable bicoin news sources. We should tell people the truth about bitcoin.

Media outlets are doing a lot to harm bitcoin's reputation. It's like the bank lobby is winning which is not far. I know that we need better promotion but the media could help bitcoin a lot by reporting more objective news.

In my point of view bitcoin was reported by online news, i think it is enough for nowadays although in the real life bitcoin is infrequently reported the news of bitcoin via television or another easier media communication.

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September 17, 2016, 10:15:20 PM
 #744

For me the big problem using bitcoin i think those only ponzi scams is one of the big problem using bitcoin and many scammers online..
They are abusing the anonymity of bitcoin anytime they can scam and use bitcoin mixer to be anonymous.
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September 17, 2016, 10:48:06 PM
 #745

I think one of the biggest problems  in using Bitcoin is the fact that the  confirmations are taking too long  these days... This can be a big problem,  in some situations.
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September 17, 2016, 10:53:12 PM
 #746

I think one of the biggest problem  in using Bitcoin is the fact that the  confirmations are taking too long  these days... This can be a big problem,  in some situations.

That is certainly true, but I think it will not be a problem if every transaction you do not need a confirmation. So, enjoy the rest of what is going on because it will give you a good spirit to create a bitcoin better.
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September 17, 2016, 11:44:39 PM
 #747

For me, the biggest problem is  not exactly in using it, but trying to mine  it. In these days, it is not an easy  task, mainly because the diff,  and the costs of the  mining equipment are really high..
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September 17, 2016, 11:56:05 PM
 #748

For me, the biggest problem is  not exactly in using it, but trying to mine  it. In these days, it is not an easy  task, mainly because the diff,  and the costs of the  mining equipment are really high..

What's the point of you wanting to mine Bitcoin in current times since all people know it's an impossible target for the average person. In general, buying Bitcoin is a much better option when it comes to obtaining coins compared to mining.
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September 18, 2016, 01:00:49 AM
 #749

For me, the biggest problem is  not exactly in using it, but trying to mine  it. In these days, it is not an easy  task, mainly because the diff,  and the costs of the  mining equipment are really high..
I think bitcoin mining is no longer profitable. maybe a few years ago you could still enjoy mining with ease. but as time passes. and stock bitcoin already thinned to the claim and halving that had occurred several times it makes it increasingly difficult to earn profits in the mining bitcoin
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September 18, 2016, 01:49:18 AM
 #750

what problem do you have in bitcoin.

The block is very slow only 30minute perblock, so usually im must waiting 30minute to get confirmed.
i think other cryptocurrency like ethereum/dogecoin is faster than it.
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September 18, 2016, 02:59:46 AM
 #751

what problem do you have in bitcoin.

The price Fluctuates  Cry Cry Cry

Aside from that when you forgot your wallet security code while computer or hard disk had crashed. I have experienced this several months ago in other altcoins. I never recover it. Now, I am very cautious to set aside a backup.

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September 18, 2016, 03:10:38 AM
 #752

My only problem when using bitcoins is the price of bitcoin that always changed every minutes, because my main job is with bitcoin and if the price of bitcoin going down, my payment also decrease.
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September 18, 2016, 04:39:51 AM
 #753

For me, my biggest problem is when I do transaction using bitcoin, the transaction can't be retrieved once it sent. So we have to be very careful when we do transaction and review everything before pressing the send button.
Well thats not the problem if the transaction can retrieved many people are going to get scammed because of this if you want to send it through bitcoin transaction then dont expect that you can retrieved what ever you send and there are second conformation and the system will ask you again if you really want to send it or not.
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September 18, 2016, 05:18:43 AM
 #754

My only problem when using bitcoins is the price of bitcoin that always changed every minutes, because my main job is with bitcoin and if the price of bitcoin going down, my payment also decrease.
But, your problem could be solved when you are going cash out immediately after your bitcoin payments. But, there are many practical hurdles you may face within your business, yes I am absolutely not aware of those and just suggesting from my view.
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September 18, 2016, 03:09:46 PM
 #755

Too long for confirmation of operations. I do not know what it was. But this is a rather tired.
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September 18, 2016, 03:14:59 PM
 #756

Too long for confirmation of operations. I do not know what it was. But this is a rather tired.
Add more fees and everything will be fine, as most of the users are complaining about the same but I always add more fees and my transactions gets confirmed within 10 minutes.
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September 19, 2016, 12:30:42 PM
 #757

One of the big problems, for many users, is certainly the price volatility, although it is advantageous to traders. But there is another problem, which is the confirmation time, since some merchants don't accept zero confirmation.
I think the fluctuation is not a problem. because you can take advantage of fluctuations into an advantage for you.
yeah you can benefit in a short time if you choose the right price. therefore before purchasing you should research first.

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September 20, 2016, 11:12:53 PM
 #758

For me, the biggest problem is  the confirmation time, especially  if the merchant does  not accept zero confirmation to make the sale.
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September 20, 2016, 11:37:02 PM
 #759

Too long for confirmation of operations. I do not know what it was. But this is a rather tired.
you are right, confirmations are really taking a very long time, i think they should be made shorter in the near future

 
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September 21, 2016, 12:03:22 AM
 #760

Too long for confirmation of operations. I do not know what it was. But this is a rather tired.
you are right, confirmations are really taking a very long time, i think they should be made shorter in the near future

As time goes buy and more bitcoin will be mined added by number of transactions being made from time to time, more time will be vonsumed as the ledger is getting too much transactions. I dont know if this can be fixed when the time comes.

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