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Author Topic: Your pain and problems in the bitcoin world  (Read 4704 times)
raphma
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December 21, 2016, 02:11:13 PM
 #21

As a trader, sometimes i need a fast transaction and bitcoin ruin my profits...
most of the times i dont have any problem, but there are days where i've to wait hours until a confirmation.

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December 21, 2016, 02:12:12 PM
 #22

Transaction time is the main problem for me. Sometimes, I have to wait for up to 2 hours to convert my Bitcoins to fiat in Localbitcoins. And logging in to the Blockchain.info wallet can be quite frustrating sometimes. There are instances when the email code never arrives.

Blockchain wallet seems to be a pain sometimes... I can't send funds from my phone, I always get an error and I hate it when I need to go to Chrome and try to send it from there... It's harder to do it, you can't even scan the QR code..

I'd recommend ditching blockchain wallet. It went pretty bad with the update (even the older version wasn't that good). Even exporting private keys is a pain because of the private key formats they default to.

Perhaps a better option would be BitGo if you prefer web wallets. I personally prefer Mycelium for everything though. Small amounts will be kept on mobile and larger amounts on Trezor (mycelium allows spending from hardware wallets too). It's the wallet I've had least problems with and you can even sign messages with it.

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December 21, 2016, 02:28:50 PM
 #23

As a trader, sometimes i need a fast transaction and bitcoin ruin my profits...
most of the times i dont have any problem, but there are days where i've to wait hours until a confirmation.



Well I think some securely transaction needs time to process you would have to have patients in attaining what you want sometimes and if you want your transaction to process more fast I think the solution is to get your transaction ahead of time because that most of the wallet works I think it is securely that way!
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December 21, 2016, 02:51:02 PM
 #24

Nothing looks to be a big problem with bitcoin. Same way started to use by sending and receiving bitcoin and later on knew about various other earning methods and started to take part into it. Now felt happy to be a user of bitcoin and haven't found something bad about it.

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December 21, 2016, 03:19:31 PM
 #25

My Biggest problem is that im a newbie. Being a newbie there are not many campaigns that would like to recruit newbie members . So its very hard for newbie members to find campaigns. Another this is that its very hard to understand everything about bitcoin.

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coynedterm
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December 21, 2016, 03:43:46 PM
 #26

I would like to know what is your pain and the problems that you face the most with the bitcoin technology?

For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.
For me it was very simple to understand about send and receive Bitcoin in Bitcoin startup but the main problem that I faced was the way of earning btc  with speedy  but I wondered about 5 month and at last I found every solutions for my problem in this forum . I found that this forum is like a newspaper Wink

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franky1
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December 21, 2016, 03:44:44 PM
 #27

My Biggest problem is that im a newbie. Being a newbie there are not many campaigns that would like to recruit newbie members . So its very hard for newbie members to find campaigns. Another this is that its very hard to understand everything about bitcoin.

bitcoin is not just this forum or a signature campaign

if you have skills then look at career sections of bitcoin businesses and apply for a job
if you prefer to run your own business, then find a product that people want to buy and price it in bitcoin
if you are more of a talker then watch video's of andreas antonopoulus and other bitcoin 'talks' and learn about bitcoin so you too can start your own conference tour

if your skills are coding and want to start your own business, then find a e-service you feel that is missing and provide it.

bitcoin is a real currency much like any other.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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December 21, 2016, 03:52:28 PM
 #28

My biggest problem and pain regarding on bitcoin is on how to earn it easily and could make decent money on it :)this is the thing that I face but regarding to bitcoin itself I don't have any problems since it really benefits me regarding on money transfer and online transactions.

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December 21, 2016, 05:01:10 PM
 #29

I would like to know what is your pain and the problems that you face the most with the bitcoin technology?

For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.

As many say perhaps the biggest problem are sometimes slow transactions,for some new users this can be big problem if they do not understand the importance of fees when sending BTC.Also for me security was the biggest question at the beginning of using BTC because we all know how easy is to lose everything you own in seconds.

Send and receive BTC was never my problem,but even today I check few times every address before click send, better to be safe because there is no correction.

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December 21, 2016, 05:12:26 PM
 #30

I would like to know what is your pain and the problems that you face the most with the bitcoin technology?

For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.
How Transaction takes place, tx fees, the technicalities and how tx'es get confirmed. These are few things to named that troubled in for few weeks in the start. Well its not too difficult to understand basic functions of bitcoin if you study about it for few days.
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December 21, 2016, 05:24:58 PM
 #31

I think the biggest problem I experienced back in the day, was to sort the facts from the myths and the lies. It took me some time to figure

out which of the resources were providing unbiased/legit information. I did most of my research on Youtube and news websites. Some of

these resources were being infiltrated by shills and they worked hard to spread FUD. Not to speak about Reddit.  Roll Eyes

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December 21, 2016, 05:26:24 PM
 #32

most of my problems would be fiat related. if i wanted to get rid of everything today i'd have to verify, worry about slippage and wonder whether my bank freaked out when the gains arrived.
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December 21, 2016, 06:59:45 PM
 #33

When I tell bitcoin to some people some find it cool but many of them find it as a negative thing . That it has many risks and potentially be a medium of illegal stuffs

Adoption, Using bitcoins directly is difficult which will prevent you from additional fees when using a third party site like exchanging it to fiat that requires additional fees


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December 21, 2016, 07:07:32 PM
 #34

I would like to know what is your pain and the problems that you face the most with the bitcoin technology?

For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.

I can't considered those problems I encountered throughout in my bitcoin life as a "pain" one since I used to learn on the things I didn't know with just self study with the help of people around me here in internet world or in real life without reaching to the point that I really having a hard time studying what I want.

For basics bitcoin knowledge, well it's basic so only took some short period of readings in knowing that kind of things. About the technology behind bitcoin, still not that much knowledge I have since Im learning new things while on progress but no doubt I have some decent knowledge about that in terms of, once again, basics and average. Only in trading I took some time to learn some things including some trading terms and fearless executions. Still building knowledge as of now with that thing.

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December 21, 2016, 08:33:12 PM
 #35

I could not understand the meaning of satoshi first of all .and the difference between them, its just too hectic .its better to leave them alone .

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December 21, 2016, 08:44:43 PM
 #36

I would like to know what is your pain and the problems that you face the most with the bitcoin technology?

For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.
I think that would be all of the newbie's problem they would definitely be confused between the satoshi and also one of my problem when I was just a newbie in this crypto currency is the bitcoin address where to send and how to receive

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December 21, 2016, 09:09:36 PM
 #37

My problem and i think for all the bitcoin users out there the problem is that we can't find a place that accepts bitcoin as a payment method , places like amazon , eBay and other shopping sites should start adopting bitcoin ,because i am tierd of always exchanging my hard earnd bitcoin with a low rate whenever i want to buy something, hopefully in the future we will be able to do so as many people will start using bitcoin
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December 21, 2016, 09:12:16 PM
 #38

My only problem with Bitcoin so far is that it is not really popular in my country and I do not really have friends that use Bitcoin so I can not exchange with them. I do not either have a credit card right now so my only choice is face to face or a BTC ATM and I do not have one in my surrounding.

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December 21, 2016, 09:47:19 PM
 #39

Well, the btc adress which changes from time to time and at first you are not sure whether you will recieve the money, because of being afraid that the old adress is false now. And yes, the price. I still use preev to convert money, because it is hard for me to understand it in btc or satoshis. Another thing is that you can't really use btc much in your life and you are sort of afraid the price will suddenly fall and you will lose a lot.

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December 22, 2016, 06:39:40 AM
 #40

Aside from slow transactions and slow adoption, hackers are also one of many nagging problems facing the users today. Hackers can use hacked emails and even mobile numbers to steals bitcoins from users who transacts using the cryptocurrency. The report of hackers that stole millions of dollars worth of bitcoins using only phone numbers has a chilling effect on every users fearing that one day their hard-earned bitcoins will be gone.
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