What is big problem in using of bitcoin

[eddyubachs]

Personally I think that one of the most problem is the difficult to spend in "real life" .
And I add as plus the difficult to exchange "small cash" XX fiat in btc without paying higher fees.
I see as a big problem this difficult to use btc/cash easily & without limits

Another big problem is related the speed of txs. Yes Credit card are reversible up to xx months, the same for other form of payment (Paypal!)
But when you go to a grocery o local shop, you need to wait for hypothesis that a tx is confirmed at least one time before say "ok it's payed". 

Well the issue of confirmation time while buying anything can be a big problem, as it would surely waste our time even if we have to buy small things and no one would like to wait for that long time.

[deisik]

Personally I think that one of the most problem is the difficult to spend in "real life" .
And I add as plus the difficult to exchange "small cash" XX fiat in btc without paying higher fees.
I see as a big problem this difficult to use btc/cash easily & without limits

Another big problem is related the speed of txs. Yes Credit card are reversible up to xx months, the same for other form of payment (Paypal!)
But when you go to a grocery o local shop, you need to wait for hypothesis that a tx is confirmed at least one time before say "ok it's payed". 

It has already been over a year since the Bitcoin payment cards got traction, but people still repeat the same old mantra about going to a grocery shop (whatever) and having to wait for transaction confirmations. Bitcoin payment cards solve this problem efficiently and effectively. Ultimately, the price of the goods can be denominated directly in bitcoins, thereby completely throwing fiat away from the equation...

Personally, I see no particular hurdles in implementing this (apart from limited Bitcoin usage among retailers)

[vantyzz]

Personally I think that one of the most problem is the difficult to spend in "real life" .
And I add as plus the difficult to exchange "small cash" XX fiat in btc without paying higher fees.
I see as a big problem this difficult to use btc/cash easily & without limits

Another big problem is related the speed of txs. Yes Credit card are reversible up to xx months, the same for other form of payment (Paypal!)
But when you go to a grocery o local shop, you need to wait for hypothesis that a tx is confirmed at least one time before say "ok it's payed". 

Well the issue of confirmation time while buying anything can be a big problem, as it would surely waste our time even if we have to buy small things and no one would like to wait for that long time.

While there will be such complexity for the operations in which the payment or bitcoin as money, neither of which cryptocurrency popularity can be no question. This is a big problem. How can we expect at least one confirmation in the store, when you have such limited time. Therefore, Bitcoin can not replace the real money.

[uname]

As an investor I consider about price fluctuations ( sometimes Btc is pumped and dumped ) or blocks problem that make my withdraw transactions in slowly.

I think the fluctuation is not a problem, just a lot of investors and traders who take advantage of the fluctuations to profit quickly. so do not underestimate the fluctuations

[Bitcoinbro]

Personally I think that one of the most problem is the difficult to spend in "real life" .
And I add as plus the difficult to exchange "small cash" XX fiat in btc without paying higher fees.
I see as a big problem this difficult to use btc/cash easily & without limits

Another big problem is related the speed of txs. Yes Credit card are reversible up to xx months, the same for other form of payment (Paypal!)
But when you go to a grocery o local shop, you need to wait for hypothesis that a tx is confirmed at least one time before say "ok it's payed". 

Well the issue of confirmation time while buying anything can be a big problem, as it would surely waste our time even if we have to buy small things and no one would like to wait for that long time.

While there will be such complexity for the operations in which the payment or bitcoin as money, neither of which cryptocurrency popularity can be no question. This is a big problem. How can we expect at least one confirmation in the store, when you have such limited time. Therefore, Bitcoin can not replace the real money.

It is not about bitcoin replacing fiat money, there is no way that can happen on such a short notice. Bitcoin growing and dominating the market of online payment is the most we should expect from bitcoin, but the wallet and address format, should be made much more user friendly. Idiot proof sending.

[boyptc]

As an investor I consider about price fluctuations ( sometimes Btc is pumped and dumped ) or blocks problem that make my withdraw transactions in slowly.

I think the fluctuation is not a problem, just a lot of investors and traders who take advantage of the fluctuations to profit quickly. so do not underestimate the fluctuations

Me too I don't think the fluctuation of price is not a problem because that is the main feature for having unstable value. As I am using bitcoin for a lot of months already. I can say that I don't have problems with bitcoin so far, because I am a complainer and I am satisfied with the service of bitcoin is giving so no problem with me big or small.

[mishra1994u]

Well i havent faced any such big problems while using bitcoin since i am using it almost 2 years.Yes there are some small issue which were resolved like some times it takes very long time for transaction to be confirmed but thats not a big problem.

[densuj]

Well i havent faced any such big problems while using bitcoin since i am using it almost 2 years.Yes there are some small issue which were resolved like some times it takes very long time for transaction to be confirmed but thats not a big problem.

Yes the confirmation of transaction is not too becoming big problem and it can be finished with increase the fees transaction before we send the bitcoin if we use bitcoin online wallet, although we still must wait until the transaction is done.

[Mr. Big]

Well i havent faced any such big problems while using bitcoin since i am using it almost 2 years.Yes there are some small issue which were resolved like some times it takes very long time for transaction to be confirmed but thats not a big problem.

Yes the confirmation of transaction is not too becoming big problem and it can be finished with increase the fees transaction before we send the bitcoin if we use bitcoin online wallet, although we still must wait until the transaction is done.

That's not a very big problem, besides if you are using it to buy something online, the site accepts it immediately...there is no greater problem than there is no where to use it in the locality or in real life... You always have to use exchanges to use your bitcoin to purchase or pay... 

[Sarthak]

No business accepts Bitcoin in my country and it's illegal to accept bitcoin in my country I suppose.
So that is my problem in using bitcoin. The problem is not with bitcoin but with my country IMO.

[ObscureBean]

Personally I think that one of the most problem is the difficult to spend in "real life" .
And I add as plus the difficult to exchange "small cash" XX fiat in btc without paying higher fees.
I see as a big problem this difficult to use btc/cash easily & without limits

Another big problem is related the speed of txs. Yes Credit card are reversible up to xx months, the same for other form of payment (Paypal!)
But when you go to a grocery o local shop, you need to wait for hypothesis that a tx is confirmed at least one time before say "ok it's payed". 

It has already been over a year since the Bitcoin payment cards got traction, but people still repeat the same old mantra about going to a grocery shop (whatever) and having to wait for transaction confirmations. Bitcoin payment cards solve this problem efficiently and effectively. Ultimately, the price of the goods can be denominated directly in bitcoins, thereby completely throwing fiat away from the equation...

Personally, I see no particular hurdles in implementing this (apart from limited Bitcoin usage among retailers)

This is far from being an ideal solution though, at least for now. I too was really excited when I heard about Bitcoin payment cards the first time. The problem is that the fees are quite bad, paying $2 - $4 per transaction is not something I would want to do, then you have loading fee and I think most charge a service fee every month too. Would be great if they implemented an NFC payment system like ApplePay while keeping the fees well under a dollar per transaction  

[deisik]

Personally I think that one of the most problem is the difficult to spend in "real life" .
And I add as plus the difficult to exchange "small cash" XX fiat in btc without paying higher fees.
I see as a big problem this difficult to use btc/cash easily & without limits

Another big problem is related the speed of txs. Yes Credit card are reversible up to xx months, the same for other form of payment (Paypal!)
But when you go to a grocery o local shop, you need to wait for hypothesis that a tx is confirmed at least one time before say "ok it's payed". 

It has already been over a year since the Bitcoin payment cards got traction, but people still repeat the same old mantra about going to a grocery shop (whatever) and having to wait for transaction confirmations. Bitcoin payment cards solve this problem efficiently and effectively. Ultimately, the price of the goods can be denominated directly in bitcoins, thereby completely throwing fiat away from the equation...

Personally, I see no particular hurdles in implementing this (apart from limited Bitcoin usage among retailers)

This is far from being an ideal solution though, at least for now. I too was really excited when I heard about Bitcoin payment cards the first time. The problem is that the fees are quite bad, paying $2 - $4 per transaction is not something I would want to do, then you have loading fee and I think most charge a service fee every month too. Would be great if they implemented an NFC payment system like ApplePay while keeping the fees well under a dollar per transaction 

I was considering the issue from a technical point of view, obviously. What you mention is not related to Bitcoin as such (high monthly payments, hefty transaction fees, etc). I think debit and credit plastic cards when they had been first introduced were also quite expensive to consumers until real competition kicked in. And now you can have payment cards with no fees altogether...

In my view, it is only a matter of time till the first totally free (free as beer) Bitcoin payment card is issued by some Bitcoin start-up

[TheUltraElite]

The big problem is the non-acceptance of something new. People work hard to earn money, its natural that they cannot accept some new cyberpunk money which floats in thin air. It will take a long time to get accepted properly. Other than that volatility of price is also a problem though price is to some extent stable these days.

[bitcoinmasterlord]

- Price Stability is not much
- If send wrongly then cannot get back
- Easily can be misuse

The unstable price of bitcoin is really not a problem at all because we can earn profits with that if we are traders, you should not just see it as a spender but you should see it as an investor too, if you are investing for trading purposes then stable prices wont work for you at all.
And misuse of a currency is not a problem occuring by a currency itself but it is because of the people using it in a bad way, so the currency does not have anything to do with that.

But most bitcoin investors is not good traders so they like prices growing slow and study. But for traders, as you said they could make a lot of money if prices fluctuate more. Because of its anonymous transaction facility, people are misusing it, but it 's hard to do with other fiat currency.

[crypto.james]

the biggest problem is safe storing of our bicoins

[deisik]

the biggest problem is safe storing of our bicoins

Storing bitcoins safely is not an issue if you spare some of your precious time to properly investigate available options. I refer to using so-called cold wallets (cold storage). To my knowledge, the safest way is to create the keys for your wallet offline and never bring this wallet online later. I mean the device which keeps the keys (personal computer, or whatever) should never be connected to Internet (at least, after you generate the keys). In this way, you can be 100% sure that your coins won't get stolen...

Unless someone brute-forces the wallet, of course

[Betwrong]

I find sometimes that the blockchain is really constipated and it can take ages for my payments to be confirmed so something needs to happen to get the blockchain moving faster and I don't know if developers are working on this or not but it would be nice to get a fix on it I think.

What was the longest time you waited for a conformation? I'm asking because it never was an issue for me: all the transactions were going almost immediately or were taking 20 minutes max. Just make sure you've included a decent transaction fee and then it should go fast. This doesn't mean you should pay big money to have a fast transaction, in most cases 10k sats (which is $0.06) is enough.

[relq]

I think the problem in using of bitcoin is the price of bitcoin that always changed every hours. It's good for a trader, but it's not good for me that always buying bitcoin every week.

[terman45x]

I think the problem in using of bitcoin is the price of bitcoin that always changed every hours. It's good for a trader, but it's not good for me that always buying bitcoin every week.

I think you should also start trading with small amount and start collecting small profits on regular basis and that will give you feeling of satisfaction and then it won't be problem for you anymore.

[Zadicar]

I find sometimes that the blockchain is really constipated and it can take ages for my payments to be confirmed so something needs to happen to get the blockchain moving faster and I don't know if developers are working on this or not but it would be nice to get a fix on it I think.

What was the longest time you waited for a conformation? I'm asking because it never was an issue for me: all the transactions were going almost immediately or were taking 20 minutes max. Just make sure you've included a decent transaction fee and then it should go fast. This doesn't mean you should pay big money to have a fast transaction, in most cases 10k sats (which is $0.06) is enough.

It really depends  on  what wallet are you using  , for me  im using  blockchain.info wallet  which automatically  deducts  fee from each transfer , as you said  confirmation/transfer times are  not too slow just  like what you said  20 mins would be the  max  but sometime i do experiencing  much longer  like  for  30-45 mins, i dont really  know why but the  most  important thing for me that  i could able  to recieve the money.