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Author Topic: Your pain and problems in the bitcoin world  (Read 4708 times)
noictib
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December 28, 2016, 03:47:32 PM
 #101

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 your problem was not big Because the matter was of unit of Bitcoin .
But my problem was big than anyone . When in the starting I created a blockchain wallet when the send option ask for Bitcoin address then I always put my home address , this problem was big to understand but one facebook guy explained me about basic Bitcoin send and receive .
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December 28, 2016, 05:37:51 PM
 #102

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.

That can not be considered a real problem, it was just lack of experience and knowledge. While it is true that the problems of the bitcoin economy are multiple, my personal problem here is the terrible volatility the we can eventually see in the price of bitcoin, because many times this has meant significant losses to me when making the exchange to fiat.
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December 28, 2016, 06:04:36 PM
 #103

Luckily, I never had a problem with bitcoin even the transaction processing seems fair in my opinion.
I always cautious and read (learn) from others experiences to avoid same mistakes.
My only concern about hold my self not to sell and keep my bitcoin still in wallet instead of sell it whenever the price increase, hopefully I can saving until the time I need money for something.
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December 28, 2016, 06:10:35 PM
 #104

I only care about the transaction times and the pain in the ass it can be waiting for up to 3 hours for a transaction to go through. If we were able to fix that and get it faster than that we're going to be able to become more popular and Bitcoin will be more useful in everyday life for anyone who wants to use it (assuming the stores also start accepting it).
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December 28, 2016, 06:13:42 PM
 #105

   Read the manual when ever there is one around, here there is for everything. Its hard to find it in all this mess that spammers are creating, but I like challenges.
    I didnt have any problems, I'm very carful person and I'm trying to pay attention on tthingsngs around. I hope I will not have problems in future, problems always cause pain and I dont like that, I work on prevent.
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December 28, 2016, 06:18:10 PM
 #106

I read bitcoin.org in the beginning and bitcoin.com  2 very good educational websites about bitcoin. Also I started reading about the difference between wallets and for the difference between satoshi and bitcoin I immediately used google for a converter and learned their difference since my first days. No pain for me, but I know many had trouble in the beginning.
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December 28, 2016, 07:39:49 PM
 #107

The only pain i had with bitcoin world happened with my electrum wallet, and my previous computer that had burned and i havent stored anywhere the keys because i had thinked i werent going to need them, but well lost my bitcoins and i had learned from there. Nowadays i do have all my information stored outside the computer, soo im preventing any issue with my computer. The only lesson i have from the time before bitcoin, is dont invest into something which has a fast return from your investment, as dont invest more then afford to loose, if you follow those guidelines you will be ok at crypto world.
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December 28, 2016, 08:08:47 PM
 #108

My problem with bitcoin is that it is not what it ment to be. It was not be speculative tool. Because if it cant be used properly as a currency. Becuase price fluctuate to widely and the transfer speed choke up.
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December 29, 2016, 01:23:05 AM
 #109

My concern are not that big deal but it always annoys me.
I withdraw a bitcoin on a site and it takes a lot of hours of confirmation before i fully receive my withdrawn bitcoin.
But i hope this next few months bitcoin will be upgraded especially on doing transaction so i can save up more time in transferring or receiving bitcoin.
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December 29, 2016, 03:06:52 AM
 #110

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.
When I first learn about bitcoin world, I see my self like a cave man. Because I really really blind for this technology, blockchain.
And when I started earn bitcoin with doing faucet jobs, I see my self is like a fool to waste my time and internet quotation limit just for $0.003 per day.

But in the end, I learn trading. And I fixed all of the confusion problems with earning more bitcoin by trading.

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December 29, 2016, 03:26:05 AM
 #111

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.
When I first learn about bitcoin world, I see my self like a cave man. Because I really really blind for this technology, blockchain.
And when I started earn bitcoin with doing faucet jobs, I see my self is like a fool to waste my time and internet quotation limit just for $0.003 per day.

But in the end, I learn trading. And I fixed all of the confusion problems with earning more bitcoin by trading.

It's normal at the beginning to fell lost on this world, takes some time to learn what to do, what each code means (deposit code, wallet ID code, alt coins deposit codes...). At first impression it's confuse to know what is satoshi, blockchain, scam investments (most people lose money with this kind of investment at least once, thinking it's a legit method to earn money).

Wow, what kind of faucets were you using? Only $0.003 daily? You could earn at least $1 daily with faucets.  Cheesy

 
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December 29, 2016, 04:04:32 AM
 #112

My problem in bitcoin would be the transaction speed, I sent payment for the things I bought and it took more than 10 hours to confirm and in that 10 hours I am very worried and I keep checking the confirmation, the other one is when I send the payment to the wrong address and the coin I sent was gone forever, the address is too long for someone to remember

Actually, the address is too long to remember so I am not sure if such service from wallet providers would work or not but I think, wallet providers like blockchain.info, coinbase.com can create a mutual database of addresses they have and allot a custom unique alias so that one can send payment using that custom alias of recipient and the payment will go to the default wallet associated with that alias (defined by recipient).

Programmers, is this possible?
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December 29, 2016, 04:10:46 AM
 #113

My problem in bitcoin would be the transaction speed, I sent payment for the things I bought and it took more than 10 hours to confirm and in that 10 hours I am very worried and I keep checking the confirmation, the other one is when I send the payment to the wrong address and the coin I sent was gone forever, the address is too long for someone to remember

Same here goes with me, i'm getting worried if the payment is cancelled or void due to lack of confirmations. My last transaction confirms at approximately 32 hours. That's a long confirmation for a 0.05 BTC lmao. I hope blockchain will improve this transaction speed. And also i hope they will make a faucet that is not automatically when you click claim it wont automatically send to the bitcoin add. But there will be a storage on a faucet site that needs a 0.001 amount to be withdrawn.


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December 29, 2016, 04:17:19 AM
 #114

My pain in using bitcoin is it is not widely accepted in stores. Another thing is having bad connection for making purchases. Bitcoin still has a long way to go.
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December 29, 2016, 04:43:39 AM
 #115

My pain in using bitcoin is it is not widely accepted in stores. Another thing is having bad connection for making purchases. Bitcoin still has a long way to go.
Not worldwide accpetance is the problem for most of us and i have the same as well.Making use of bitcoin specially in my country i really difficult and also even buying and selling them at good rate is not that easy in my country and there are not many buyers and sellers in my country.
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December 29, 2016, 05:02:00 AM
 #116

My pain in using bitcoin is it is not widely accepted in stores. Another thing is having bad connection for making purchases. Bitcoin still has a long way to go.
Not worldwide accpetance is the problem for most of us and i have the same as well.Making use of bitcoin specially in my country i really difficult and also even buying and selling them at good rate is not that easy in my country and there are not many buyers and sellers in my country.
are you come from turkey? if then nobody or just a little number only using bitcoin , then you can start from yourself or even you can be the first person who make bitcoin famous around your place by introduce it slowly, why not?

a low number of merchant adopting bitcoin recently always be the most problem that people have.

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December 29, 2016, 10:34:19 AM
 #117

One of the biggest problems for me is the time of the transaction and usually the barter and the biggest problems in waiting and not trusting the bitcoin. Someday I had a problem with the wallet had not had a Btc account at that time I was very afraid of this situation.

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December 29, 2016, 11:56:02 AM
 #118

Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.
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December 29, 2016, 12:45:55 PM
 #119

Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.

(1) I also hate Bitcoin confirmation time if this time can be reduced than Bitcoin price will go to the moon. Now days banking transaction getting more faster day by day and Bitcoin transactions taking more times day by day.
(2) But I always check Bitcoin address tow or three times before sending my bitcoin usually I copy paste BTC wallet address so there is less chance of losing Bitcoin on wrong address. But if a wrong entered BTC address does not exist than I have doubt that transaction will be performed by the network .

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December 29, 2016, 12:53:51 PM
 #120

Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.

(1) I also hate Bitcoin confirmation time if this time can be reduced than Bitcoin price will go to the moon. Now days banking transaction getting more faster day by day and Bitcoin transactions taking more times day by day.
(2) But I always check Bitcoin address tow or three times before sending my bitcoin usually I copy paste BTC wallet address so there is less chance of losing Bitcoin on wrong address. But if a wrong entered BTC address does not exist than I have doubt that transaction will be performed by the network .

Same problem. Seems like it will get more worst when users gets bloated in this industry. Perhaps there are some moves that are being taken to clean this problem.

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