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Author Topic: What is big problem in using of bitcoin  (Read 38650 times)
shinratensei_
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September 21, 2016, 12:57:53 AM
 #761

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.
I ever add more fees and it takes more than 10 minutes.... and after I seeing the clock and calculating about how many the time is I wasted just for waiting for the confirmation is more than 16minutes for every confirmation and fees just impacting in the priority...?

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dhampir-D
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September 21, 2016, 01:34:13 AM
 #762

I believe it is the number of  places where you can use  it as a currency, there is still a relatively  low number of options  to do so. But I understand  that it takes  time for the ecosystem  to develop itself.
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September 21, 2016, 06:29:34 AM
 #763

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.
yeah a speedy confirmation will be required for all users. because the tag line of bitcoin is sending money quickly with a low fee.
and this time I could not find a quick transaction. because quite a long time confirmation
icecube45
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September 21, 2016, 06:45:29 AM
 #764

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.
yeah a speedy confirmation will be required for all users. because the tag line of bitcoin is sending money quickly with a low fee.
and this time I could not find a quick transaction. because quite a long time confirmation


Yes bitcoin transactions correctly in my opinion is still very long. Because in bitcoin transaction still requires a few minutes and not rare disorder that delivery is delayed for several days. It was very disturbing to me and I hope it must be addressed properly so that delivery can be faster bitcoin.
blackmachinegun
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September 21, 2016, 07:20:56 AM
 #765

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.
yeah a speedy confirmation will be required for all users. because the tag line of bitcoin is sending money quickly with a low fee.
and this time I could not find a quick transaction. because quite a long time confirmation


Yes bitcoin transactions correctly in my opinion is still very long. Because in bitcoin transaction still requires a few minutes and not rare disorder that delivery is delayed for several days. It was very disturbing to me and I hope it must be addressed properly so that delivery can be faster bitcoin.
yeah it does not matter if the transaction were not too urgent or not very important, but what about when a person is in need of a transaction that quickly but instead you have to wait a few minutes until the transaction get a confirmation? I thought it would upset you
salmanahmedone
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September 21, 2016, 02:14:06 PM
 #766

Too long for confirmation of operations. I do not know what it was. But this is a rather tired.

The very long time for conformation is the only problem to use BTC on daily basis. Thats the only problem i face while using bitcoins. I have no other kind of problem in using cryptocurrency
ZlaiaZaia
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September 21, 2016, 05:22:27 PM
 #767

If we take into account all that relates to the bitcoin, the currency itself does not cause problems, but the equipment for mining and mine operation reach very high prices. Therefore, if you do not earn the cost will not be returned.
crairezx20
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September 21, 2016, 05:32:09 PM
 #768

Too long for confirmation of operations. I do not know what it was. But this is a rather tired.

The very long time for conformation is the only problem to use BTC on daily basis. Thats the only problem i face while using bitcoins. I have no other kind of problem in using cryptocurrency

This is the only problem before i experience few minutes that the bitcoin will confirmed your transaction .. but now it takes a long time before your transaction will confirmed. it wil stay as pending or confirming even you are increase the default fee..
haankoammu
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September 21, 2016, 06:48:48 PM
 #769

I don't have any specific complaint.. other than the slow confirmation time WHEN there are spending attacks or people trying to complaint about BTC weakness, Other than that I think the system is great, even the confirmation time is not an issue in normal conditions though.
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September 21, 2016, 09:43:59 PM
 #770

I believe it is the number of  places where you can use it as a  currency, there is still a relatively low number  of options to do so. But I understand  that it takes time for the  cryptocurrency space to develop.
YTBitcoin
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September 21, 2016, 09:54:31 PM
 #771

Too long for confirmation of operations. I do not know what it was. But this is a rather tired.

I think it do not take too long for getting your bitcoins in the targeted address you only have to wait for 3 confirmations and it take only a few minutes which you can spend by reading some posts at here or browsing some of your interesting sites or continuing your work at where you are.
resilientknight
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September 22, 2016, 01:18:56 AM
 #772

For me, the biggest problem atm is that  I cannot spend it  more widely, the usage of bitcoin  is limited to a few places, I wish  that I could be able to spend it  physically to buy  things that I need.
Nowl1935
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September 22, 2016, 02:10:45 AM
 #773

what problem do you have in bitcoin.

As my experience, i never had found any big problem in using bitcoin.
But my real concern is the transaction of confirmation, it takes to long time before the transaction being confirm.
I hope it will be fix soon..
lanslans
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September 22, 2016, 03:04:03 AM
 #774

i feel security of bitcoin is not very good. i mean security for some wallet providers. cause i have been almost lost my money.
and i think synchronization of blockchain is too slow.  Undecided
SourThunder
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September 22, 2016, 03:37:34 AM
 #775

The big problem for me using bitcoin is confirming sometimes it takes 4-hrs and above to confirm my transaction..
Like others 48hrs before confirm ..

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September 22, 2016, 05:16:47 AM
 #776

The big problem for me using bitcoin is confirming sometimes it takes 4-hrs and above to confirm my transaction..
Like others 48hrs before confirm ..

Still faster than international wire transfer though. PayPal would be faster they have a $10,000 single transaction limit so for large amounts Bitcoin is the best choice. Not to mention that you would be paying nearly $300 in fees when transferring $10,000 via PayPal compared to a few cents when using Bitcoin.
But yea I agree that it is a problem if you are pressed for time. Since you don't know exactly how long it will take whether a few minutes or a few hours, you can't plan ahead or promise someone to deliver at an exact time.
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September 22, 2016, 07:35:14 AM
 #777

I believe that the biggest  problem at the moment is that I cannot spend  it more widely, the usage of bitcoin is  limited to a few places, I wish  that I could be able  to spend it physically  to buy things that I need.
marleybobthedog
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September 22, 2016, 07:53:37 AM
 #778

Along with many advantages bitcoin holds lot of risk factor. Because we buy and sell bitcoin to unknown person and we don't know what type of guys they are May be they are criminal or scammer. Still with traits we sell them btc and second risk factor it's that in bitcoin site we have to invest without any hope of getting back our invested money they could run anytime.
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September 22, 2016, 07:55:45 AM
 #779

I believe that the biggest  problem at the moment is that I cannot spend  it more widely, the usage of bitcoin is  limited to a few places, I wish  that I could be able  to spend it physically  to buy things that I need.

No big deal, if you are eager to spend your bitcoins then convert it to fiat and spend, and if you do so then you are ultimately helping the economy by circulating the coins.
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September 22, 2016, 11:54:00 AM
 #780

I believe the biggest problem  is the time of confirmation. This is not something  serious if the seller or service does  not require many confirmations, but in general it is  not the case these days.
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