What are the main problems bitcoiners face?

[poplolnman]

Right now the main problem i face is that the transaction takes too much time and it is really annoying , i do know what the real issue is but it has being an issue for a long time and i hope the developers will settle the issue as soon as possible.

Yes, the transaction is so competitive, who pay higher fee can complete the transaction faster. We need to wait atleast 10 minute for normal transaction. But I still loves bitcoin anyway. It is the best cryptocurrency.

the stakeholders should really take this matter seriously, people would just leving to use bitcoin as currency as a payment processor if the transaction take time longer , even if we compare to another online payment processor bitcoin are the fastest among them , it's still causing a bad impression for those people who just know bitcoin.

[Adelajda]

With the advent of commercial mining casual miners had no part in the mining process and this is the problem we are going to face in the future.Right now the transactions are really getting delayed and corporate style mining is going on in many parts of the world.

[malekbaba]

People have nearly no knowledge about btc. In my country 99% people do not even know , what bitcoin is !!! But now a days, bitcoin is being introduced locally and people are showing interest too. Underlying block chain tech is a awesome invention. Soon, btc will be adopted in wide range. But it will take time for Asian countries. Although btc is too popular in India, already

[Zadicar]

People have nearly no knowledge about btc. In my country 99% people do not even know , what bitcoin is !!! But now a days, bitcoin is being introduced locally and people are showing interest too. Underlying block chain tech is a awesome invention. Soon, btc will be adopted in wide range. But it will take time for Asian countries. Although btc is too popular in India, already

I do live also on an Asian country which i could really say that bitcoin adoption is really slow and also a small portion of current population is only aware on bitcoin existence thats why i do really like for people to have knowledge about this coin since its really helpful for people not only on its benefits but also to its earning capabilties that it gives.

[Mastsetad]

the main problems I face :
1. how to explain what bitcoin really is in a simple way people can understand it easily.
2. there are some stuff I do not know exactly about bitcoin.
3. I am not sure if I spend bitcoin, who are helped.
4. do not have much time to earn bitcoin because I am a college student.

Same here, i also feel like how to explain bitcoin to someone who asks about it in a simple way because it is quite complicated for someone to understand who has never been in such business, and i also face the problem of time like you as i'm a student too and i'm also teaching kids in academy so i get really less time.

[rajasumi2]

The main problems that bitcoiners face that
-they have to show their income to their income tax department
-they are in a dilemma of too many options that in which place will they be selling their bitcoins
-bitcoins is not being adopted at all in india .people would have not heard about it till now.

[tee-rex]

The main problems that bitcoiners face that
-they have to show their income to their income tax department
-they are in a dilemma of too many options that in which place will they be selling their bitcoins
-bitcoins is not being adopted at all in india .people would have not heard about it till now.

Correct me if I'm wrong on this, but you don't need to report your income unless you decide to withdraw cash to your bank account. As long as you trade bitcoins and your Bitcoin stash grows, you should be safe in this regard. Because Bitcoin is considered as a commodity in many countries, you often don't have to pay the capital gains tax, especially if you held your bitcoins for longer than a certain period of time. I heard about 1 year period after which capital gains are not taxed.

[zoose]

Everyday adoption & the strong competition with Apple Pay, PayPal etc

[susila_bai]

The main problems that bitcoiners face that
-they have to show their income to their income tax department
-they are in a dilemma of too many options that in which place will they be selling their bitcoins
-bitcoins is not being adopted at all in india .people would have not heard about it till now.

I accept that your first two options are correct but showing in income tax should be good as you can generate capital income, about adoption in India, it is true that adoption is not their in india but i can see that lot of them are knowing about bitcoin as their are so many exchanges running in india which are going very good and even on november fiat currency crisis bitcoin gained very much interest from users.

[RajaJudi]

Probably adoption. In some countries, government even ban Bitcoin for no reason at all and they tend to arrest people if they are found out using Bitcoin illegally. Well, in some other luckier countries, they can still keep their Bitcoin, but it is very hard to find someone who accept Bitcoin as a type of payment and there is no exchange around. Only in developed countries, people can freely and easily use Bitcoin daily without any difficulty

[skyway1]

i think bitcoin is very much stable crypto currency and i do not face any problem with bitcoin and i want to buy more bitcoin for the future because bitcoin technology will be more improve in the future and i am sure bitcoin future will be more rise .

[Greenenergy]

The main above all is to agree eachother. That's frightening how now, with a very small community, we're facing big dramas and monthly crisis with developpers wanting to turn Bitcoin Core to its advantage. Satoshi should be desperated seeing what's happening...

[numismatist]

the main problems I face :
1. how to explain what bitcoin really is in a simple way people can understand it easily.
2. there are some stuff I do not know exactly about bitcoin.
3. I am not sure if I spend bitcoin, who are helped.
4. do not have much time to earn bitcoin because I am a college student.

Same here, i also feel like how to explain bitcoin to someone who asks about it in a simple way because it is quite complicated for someone to understand who has never been in such business, and i also face the problem of time like you as i'm a student too and i'm also teaching kids in academy so i get really less time.

The biggest hurdle. Justifying dat stuff against oneselfes in the mirror. I recognized to have absolutely no single purpose for Bitcoins. Just dabbling in it.

[Taki]

I don't have any big problems with bitcoin. Maybe I would call that payments are not so high that I would like to, but it depends from me and my activity also. I had only the one problem that I faced to in the most beginning - me and my boyfriend used our home wi-fi for commenting and we both were blocked on this site cause of too much comments from one place with different accounts.

[dhampir-D]

Right now the main problem i face is that the transaction takes too much time and it is really annoying , i do know what the real issue is but it has being an issue for a long time and i hope the developers will settle the issue as soon as possible.

Yes, the transaction is so competitive, who pay higher fee can complete the transaction faster. We need to wait atleast 10 minute for normal transaction. But I still loves bitcoin anyway. It is the best cryptocurrency.

the stakeholders should really take this matter seriously, people would just leving to use bitcoin as currency as a payment processor if the transaction take time longer , even if we compare to another online payment processor bitcoin are the fastest among them , it's still causing a bad impression for those people who just know bitcoin.

That's why I agree with the implementation of improvements like segwit, which will allow Bitcoin to scale efficiently, making life easier for users. With this implementation, different applications, such as lightning network, will also be possible, which will also make things better for users.

[20kevin20]

The main problem, in my opinion, is the confirmation time. For example if you want to trade with anyone, you cannot trust that person because even if he sends you money, that amount can get unconfirmed and the trader gets both the money and the items you traded.

[virtualkeybuyer]

The main problem, in my opinion, is the confirmation time. For example if you want to trade with anyone, you cannot trust that person because even if he sends you money, that amount can get unconfirmed and the trader gets both the money and the items you traded.

But I think now the timing of confirmation is not a problem because people often believe on first confirmation and that confirmation often occur within a few seconds so people do not face any problem while doing any trade or other transaction. Only a few times in the last year I faced a little delay in the first confirmation.

[danherbias07]

Numbers 1 and 2 are the very much seen problems. Accepting payments thru the means of bitcoin is not that easy to find.
A while back I am getting problems to how I will put my Paypal, Skrill or Neteller funds to bitcoin. There is no option of just sending it but you could buy which will again give you a transaction fees. I have too much fees to put it there and now I am paying again.
Scam sites all over facebook are all there with just different fronts.

[hakanbalta577]

The problem i usually face with bitcoin is the lack of good bitcoin exchange in my country.There are some but have some bad things in each of them,some only accepts high amount of bitcoin and some are that only work in android like zebpay.So buying and selling bitcoin is the problem i face.

[Wandering Soul~]

Probably adoption. In some countries, government even ban Bitcoin for no reason at all and they tend to arrest people if they are found out using Bitcoin illegally. Well, in some other luckier countries, they can still keep their Bitcoin, but it is very hard to find someone who accept Bitcoin as a type of payment and there is no exchange around. Only in developed countries, people can freely and easily use Bitcoin daily without any difficulty

Even if its not bitcoin, If its use illegally then its natural for that to happen, And governments don't ban it for no reason . Don't forget that the nature/concept of bitcoins is enough reason for the government to be wary of it .

If there is no bitcoin to fiat exchanges there then trade peer to peer there are many platforms you can use like local bitcoins or even here . For now that bitcoin is not fully adopted yet that's all we can do but surely it will get better in the next years .