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Author Topic: What's your least favorite thing about Bitcoin?  (Read 43209 times)
lol3c
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October 23, 2016, 03:47:49 PM
 #741

One thing that i don't like  about bitcoin is that lots of people are afraid of bitcoins so not many stores wants to accept bitcoins, so i can't use it everywhere yet
Me too, I don't hate bitcoin itself but I really don't like it when it comes to using bitcoin in real life. I can't find a single shop that accept bitcoin, although I did see a coffee store which has a bitcoin sign but I don't quite trust it.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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BitHodler
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October 23, 2016, 03:54:19 PM
 #742

One thing that i don't like  about bitcoin is that lots of people are afraid of bitcoins so not many stores wants to accept bitcoins, so i can't use it everywhere yet
Me too, I don't hate bitcoin itself but I really don't like it when it comes to using bitcoin in real life. I can't find a single shop that accept bitcoin, although I did see a coffee store which has a bitcoin sign but I don't quite trust it.
Right now you're making a problem from something that isn't a problem at all. You can just continue using fiat as you always do. Wink

Merchant adoption is lacking because of the fact that they either don't know Bitcoin, or that they know it but don't like the risk of getting exposed to the volatility.

Services such as BitPay handle everything when it comes to Bitcoin transactions where stores just get the money in their bank accounts.

This takes away the risk of revenue losing value due to the price going down, but merchants don't know that as they have not taken any effort to educate themselves properly. It's pure ignorance.

BSV is not the real Bcash. Bcash is the real Bcash.
daarul50
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February 05, 2019, 07:42:44 PM
 #743

The one thing I don't like most about bitcoin is the limited freedom of using bitcoin so that I can't use it everywhere except only for crypto exchange services.
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February 05, 2019, 08:47:11 PM
 #744

Well, it's not really about Bitcoin. Rather, it's that people haven't figured out that physical bitcoins are legal inside a private membership association (PMA), and that transacting in physical bitcoins within a PMA makes for transactions that stand lawful once the members leave the PMA for the day.

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peter0425
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February 06, 2019, 06:25:13 AM
 #745

The one thing I don't like most about bitcoin is the limited freedom of using bitcoin so that I can't use it everywhere except only for crypto exchange services.
Adoption may come in the future but it's going to be a long road for us. I'm just lucky that I was able to used my bitcoin right now because our local wallets are very flexible and allow us to pay our bills without getting out of our home. But for those who are waiting to used their bitcoins to buy online, will take years before merchant starts to adopt it as mode of payment, there are lots of factors to consider first, like how are they going to deal with bitcoin's wild price swing.









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A_Green
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February 06, 2019, 11:30:06 AM
 #746

I just do not like the instability in price, and so I am even very pleased with this currency.
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February 07, 2019, 08:04:30 AM
 #747

What I don't like on 2018's bitcoin is that the price stabilize on much lower range and I lost my money on it leaving me only one option which is to pull back out. This is because of various cryptocurrency present in the market and potential coin competitors in the market. My investment last year went wrong as for my asset fell -70% and did not see roller coaster which is a must on bitcoin's environment. And because of this I found a solution for professional investments on a cryptofund form with lots of experts you can ask for advice called PantheonX.
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February 12, 2019, 06:44:22 PM
 #748

It has a freedom to use, it is anonymous and also it is traceable by its transaction from where anyone can check by the transaction id or btc address either payment made or not.
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March 19, 2019, 07:45:08 AM
Last edit: March 20, 2019, 02:00:48 PM by Onanana
 #749

My least favorite thing in Bitcoin is its market volatility over the years is still unpredictable, and that's the nature of a fiat currency that are run by miners and investors and now has already 800 competitors or also known as altcoins. Another thing is the scam ICO projects, which is hardly bitcoins fault, still the point is it still exist which is dangerous for beginner and newbies like me. I still suggests to choose ICO with a great potential on their project in the making like Files fm that is working on cloud storage and BITRUS on their upcoming exchange.
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March 19, 2019, 09:35:21 AM
 #750

I like the idea of bitcoin as a global currency, especially when I couldn't use my US bank account anymore after I return to my country. But I didn't like the price of bitcoin fluctuate crazily. I mean it might be a good investment, but not a good option for actually currency. At least for now.
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March 20, 2019, 02:08:00 PM
 #751

My least favorite thing in Bitcoin is its market volatility over the years is still unpredictable, and that's the nature of a fiat currency that are run by miners and investors and now has already 800 competitors or also known as altcoins. Another thing is the scam ICO projects, which is hardly bitcoins fault, still the point is it still exist which is dangerous for beginner and newbies like me. I still suggests to choose ICO with a great potential on their project in the making like Files fm that is working on cloud storage and BITRUS on their upcoming exchange.
I'm currently checking on Files.FM since they have a crazy support on over 30K people on their telegram and has a working software already. I will check that Bitrus since it is an exchange project.

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March 20, 2019, 06:41:15 PM
 #752

Tell me all about it
The most disturbing thing
I have not known him for a long time
Because I would buy large quantities.
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March 20, 2019, 06:43:39 PM
 #753

The least thing. Well, I think it's that there is no bitcoin-based credit card invented yet. Some developers should catch this issue, but perhaps the time isn't right for.
Maybe in the future there will be a card.
And may become its main work in some countries
I hope that.
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March 20, 2019, 06:47:21 PM
 #754

Each and everything associated with bitcoin seems to be the best. There are people who term bitcoin to be the asset for illegal needs. From my understanding I never consider bitcoin in such a way, it is all about users self interest. I use it for good and I spend it on good.
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March 20, 2019, 08:25:13 PM
 #755

A long transaction
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March 20, 2019, 09:04:47 PM
 #756

When the transactions last a long time and when Bitcoin is in the current phase of the market, the accumulation phase, because it is usually very long and only those who have a lot of money are those that take advantage of the prices that are really low now.

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Bitcoinsummoner
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March 26, 2019, 03:28:05 AM
 #757

I like the idea of bitcoin as a global currency, especially when I couldn't use my US bank account anymore after I return to my country. But I didn't like the price of bitcoin fluctuate crazily. I mean it might be a good investment, but not a good option for actually currency. At least for now.
I think it is already  global currency. But official it is not. Officially USD is the global currency. Bitcoin may take that place but it requires time for that.
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March 26, 2019, 09:13:18 AM
 #758

The fact that I haven't bought it at 300$/btc
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March 26, 2019, 11:09:30 PM
 #759

That I have missed the hype. I have known about Bitcoin too late:(
Bitcoinsummoner
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April 01, 2019, 06:20:49 PM
 #760

That I have missed the hype. I have known about Bitcoin too late:(
When you came to know about bitcoin from whom and how? Where you arelocated, anyway it is good that you have known about bitcoin atlast, thanks god.
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