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Author Topic: What Frustrates You Most When Using Bitcoin?  (Read 7742 times)
arsyah18
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February 07, 2017, 03:06:56 PM
 #101

when he lost gambling bitcoin, it frustrated me Grin
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February 07, 2017, 03:15:38 PM
 #102

Its irritating to wait for a day for confirmation to take place. its going to become almost 24 hours since my last payment and its still under confrimation . I hope that this type of frustrating error and problems would be resolved very soon and in future we will be out of these sorts of problems. may be more miner could do the task. and its is only possible only when miner get more award per block minner to upgrade their system for faster working.
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February 07, 2017, 03:17:28 PM
 #103

   Nothing is frustrating about bitcoin, everything is working fine, we are making some little profit on a side. Some of us saving for huge price one day, and members here complain just on confirmation time. I do not have such problems and for me everything is working fine.
when he lost gambling bitcoin, it frustrated me Grin

   I feel the same way when I lose money on sports betting, but that doesnt have nothing with bitcoins.
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February 07, 2017, 03:21:45 PM
 #104

The time take to confirm a transaction which has been initiated has increased drastically compared to past years and this is what that frustrates me the most. Now we will have to pay higher fees to get a transaction confirmed and it has become very expensive. I usually use ethereum to do most of the transaction as it is quick and cheap for the time being.

I am sure there are other people with the same thoughts and if bitcoin need to go to the next level of adoption, then it has to fix this problem ASAP!


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February 07, 2017, 03:26:50 PM
 #105

The time take to confirm a transaction which has been initiated has increased drastically compared to past years and this is what that frustrates me the most. Now we will have to pay higher fees to get a transaction confirmed and it has become very expensive. I usually use ethereum to do most of the transaction as it is quick and cheap for the time being.

I am sure there are other people with the same thoughts and if bitcoin need to go to the next level of adoption, then it has to fix this problem ASAP!

Yes feeling the same nowadays and actually shifting to ETH for small payments as it is fast enough yet and cheap too. Paying an extra transaction fee to the miner is like giving bounty and also a very short term solution for the frustration. Need a solution for the faster confirmations problem, may be segwit. Roll Eyes

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February 07, 2017, 03:30:44 PM
 #106

I personally think, the most disturbing thing of bitcoin is when you get the confirmation process transactions with a long time. I made several transactions with confirmation that a long time, but it only happens some time. And I think this will not be fixed, because bitcoin always takes confirmation in every transaction by miners. Thank you
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February 07, 2017, 03:41:18 PM
 #107

Confirmation time, and fees are approaching to high values in the near future

I don't think fees will be that high in the future that we should worry about it. But the confirmation time is something that frustrates me too sometimes, especially if you have to wait hours for the first confirmation.

mike77777, which fees are too high in your opinion? Do you think the fees might exceed $1 in the nearest future? (personally I don't think so).
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February 07, 2017, 04:42:44 PM
 #108

While buying or selling , I hate the fact that I need to use exchanges that asks us for personal info and If I decide to trade with individuals the process is simply not fast enough , hopefully BitSquare.io will solve this issue in the future and when using bitcoin , I guess I'm like everybody else , the confirmation times are just annoying but that's something else that could be solved with Lightning network

This is in fact a lesser of evils

While discouraging, it is no more than a minor inconvenience that can't itself cause money loss (unless you are caught money laundering or doing something else rather nasty). Much more frustrating is when an exchange gets hacked (or just outright scams), and you like your fellow traders lose your money. I think the introduction of Lightning Network will allow to set up truly distributed decentralized exchanges where your money can't be parted with you without your consent

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February 11, 2017, 03:50:31 PM
 #109

While buying or selling , I hate the fact that I need to use exchanges that asks us for personal info and If I decide to trade with individuals the process is simply not fast enough , hopefully BitSquare.io will solve this issue in the future and when using bitcoin , I guess I'm like everybody else , the confirmation times are just annoying but that's something else that could be solved with Lightning network

This is in fact a lesser of evils

While discouraging, it is no more than a minor inconvenience that can't itself cause money loss (unless you are caught money laundering or doing something else rather nasty). Much more frustrating is when an exchange gets hacked (or just outright scams), and you like your fellow traders lose your money. I think the introduction of Lightning Network will allow to set up truly distributed decentralized exchanges where your money can't be parted with you without your consent

Thankfully this has not happened to our local exchange. Things can get confusing sometimes when looking for a way to grow bitcoins that it's hard to tell which is legit or not. Recently my cousin started convincing me to invest some bits into btcriver.com. I just deposited a tiny amount since I've always been skeptical of such claims of large interests (mainly just to stop him trying to convince me). Sure enough, it stopped working for him... he can no longer withdraw his earnings. I just left mine there, redepositing the earnings. From what I heard other users were able to withdraw at least once. I don't know what criteria their system is using to determine who stops getting money but if it's the withdrawal then I might still have a chance to get some bits back.
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February 12, 2017, 05:17:36 PM
 #110

No seriously no i have no frustration with bitcoin. Even whenever i start my work with bitcoin, i really enjoy it because bitcoin is my part time job, and if i have frustrates so only my day job, and when i feel boring, than i start bitcoin and my first step always to see the bitcoin price. 

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February 26, 2017, 08:19:55 AM
 #111

The transaction fees keep getting to me.
Yesterday I sent some bitcoin now when I try to send the exact same amount it says I can not send with the same transaction fee that I used yesterday.
It is asking me for double the amount now. What the heck is that?
Instead of twelve cents to send it is asking me for twenty two cents to send it.
I am using blockchain.info wallet so it is modifiable within the wallet what you want to use as the "minimum" amount of a transaction fee you would like to use and I use the absolute minimum all the time. And they have all completed successfully so I do not know what the heck is with the increase all the sudden of nearly double the amount.
Transaction fee is sure one of the problem of bitcoin. But for me the answer for your problem is for you to find a better wallet. Because there are some wallet that has a convertion where you can convert bitcoin and send them to others with no fees. You may also do paying bills and buying loads. Blockchain for me is just a secondary wallet usually used for gambling. I suggest you not to consider gambling anymore.
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February 26, 2017, 08:34:48 AM
 #112

It's annoying that i have to validate my account at exchange with photo of idcard  and other personal info. The other thing is the transaction time and fee. Even if i increase the fee, sometimes it still take a long time for confirmation. The confirmation time is not fixed, sometimes fast and the other time it took a long time  Cry

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February 26, 2017, 08:37:27 AM
 #113

Two things mostly. I'd love to see wider adoption as there aren't as many businesses accepting bitcoin as there should be. The second would be this latest trend of slow confirmation times and higher fees!
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February 26, 2017, 08:47:26 AM
 #114

The most hating part of using bitcoins is that it snatches away ur anonymity during the process of selling or buying bitcoins.
Unconformed transaction is another phase that makes me hate it so much or waiting for the transaction to be completed .
Bitcoins is being used in the dark market as their currency. Well it is not related to me but still i hate it a lot .
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February 26, 2017, 12:17:32 PM
 #115

It's annoying that i have to validate my account at exchange with photo of idcard  and other personal info. The other thing is the transaction time and fee. Even if i increase the fee, sometimes it still take a long time for confirmation. The confirmation time is not fixed, sometimes fast and the other time it took a long time  Cry

There are some countries that use verification id for bitcoin exchange market in that country, it's a requirement that must be done to keep company become legal. Government requires valid user data for transparency, and prevent possible problems that arise, including crime. It's good for you, if things happen that are not desirable, you can sue exchange market to court. About unconfirmed transactions is a problem that's still looking for solutions and development. Blockchain still continue to do maintenance to resolve this issue.

Bitcoins is being used in the dark market as their currency. Well it is not related to me but still i hate it a lot .

Not only in bitcoin, a similar thing was also experienced by Fiat, we must open our eyes that balance occurs because there is good and bad. Our choices for which side, that we need to support all-out.
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June 20, 2018, 11:04:14 PM
 #116

its price)
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June 21, 2018, 10:45:48 AM
 #117

The problems I have encountered with bitcoin when using it that frustrated me the most was when the transaction volumes increased and the time that it took to carry out transactions increased drastically. The fees were so high that if you needed to transfer just a small amount of bitcoin, then you would be paying more in fees than the amount of bitcoin that you wanted to send which was not good
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June 21, 2018, 11:12:11 AM
 #118

The most annoying thing that I buy bitcoin at a low price, a minute later the price goes down, and every sell is up in market price, the coin goes up higher than expected, lol
All are full of puzzles, always wrong predictions, remain grateful that we can.
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June 21, 2018, 11:19:29 AM
 #119

Blockchain/transaction delays. Don't know why, but everytime I send a transaction, it is the only time the blockchain speeds were slow and it takes hours to confirm even with the right fees. Apart from that the risk of double spending etc. which forces people transacting to wait for 2-3 confirmations also is a put off.

When we can encountered scammers or hackers of our Bitcoin. we fell it frustrated  of our life because we miss our effort and task of being bitcoin users. In order that we cannot happened to us, we keep our Bitcoin password in a safe place or avoid sharing of othets about that matters.
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June 21, 2018, 11:37:37 AM
 #120

the most excited of bitcoin is when bitcoin prices go up and down drastically, that's the most horrendous of bitcoin.
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