Imaginary Entity (OP)
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Activity: 33
Merit: 0
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February 04, 2017, 06:36:42 PM |
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What is the most Frustrating/Annoying thing that you come up against each time you use/but/sell bitcoins?
Do you think it will it ever be fixed?
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MadGamer
Legendary
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Activity: 1568
Merit: 1031
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February 04, 2017, 06:39:37 PM |
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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. |
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romero121
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Activity: 3164
Merit: 1213
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February 04, 2017, 06:52:10 PM |
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I have never felt frustrated with bitcoin during the time of using it. I find bitcoin to be advantageous in all form compared to the bankers. At times frustration occurs while I experience big losses through the gambling. This too can be minimized by changing of mind which is full of greed.
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Cashew
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February 04, 2017, 06:53:14 PM |
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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. I remember someone trusted explained something that made sense to me about why Lightning Network is something bad, so I would prefer that it is never implemented. |
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leps
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February 04, 2017, 06:58:16 PM |
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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.
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XXXXXXXXXXXXX
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Activity: 42
Merit: 0
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February 04, 2017, 06:59:19 PM |
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Checking like paranoid is there any mistake in bitcoin address, no one wants to lose 10BTC.
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soros017
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February 04, 2017, 07:06:35 PM |
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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. I'm sure most users also find this one of the biggest problems. We could be in a worse situation if there was no solution, but in this case we have, as you said, an alternative to solve this problem. I think if Bitcoin did not implement it this year, there's a good chance that Litecoin will get this feature. As far as I know, the only thing required is SegWit, and at the moment segwit sinalization is already working, now it all depends on the miners. |
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st0nefish
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February 04, 2017, 07:08:43 PM |
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In general, there's nothing to bother me. But it could have been better if we never paid the transaction fee. But we still charge transaction fees that are very low compared to existing payment systems.
I also check the amount of money I send and the address information a few times. We know that payments made with bitcoin can not be returned.
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terrate
Full Member
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Activity: 362
Merit: 100
Newbie in online currency , love learning
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February 04, 2017, 07:10:23 PM |
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for me is exchange bitcoin. btc atm fees quite high.
need to cash out from more bitcoin.
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erikalui
Legendary
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Activity: 2632
Merit: 1094
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February 04, 2017, 07:18:40 PM |
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Transactions not getting confirmed. I've faced this over 3-4 times when my transactions have not confirmed for over 12 hours and when I use other wallets like coinbase/xapo, they don't even appear on the blockchain network for 6-7 hours due to spam transactions on the network. Once my transaction was not confirmed for 2 days even though the fee was appropriate as per the size of the transaction.
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Raimonn
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Activity: 1456
Merit: 1001
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February 04, 2017, 07:24:57 PM |
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The biggest problem that I had is time confirming, it was my fault because I didn't look witch were the recommended fees and used a lower fee than expected, and it took some hours to confirm. And about buying bitcoins, the time that some exchanges take to confirm your documents.
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DomainMagnate
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February 04, 2017, 07:33:52 PM |
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What is the most Frustrating/Annoying thing that you come up against each time you use/but/sell bitcoins?
Do you think it will it ever be fixed?
What frustrates me sometimes is soon after I sell bitcoin,price goes up and sometimes price fall down after I have bought it.Another think of course is high fee that some exchange charge for selling and buying. Selling individual to individual is risky and finding a reliable escrow is not always easy. |
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Emoclaw
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February 04, 2017, 07:41:35 PM |
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Confirmation times when there are many unconfirmed transactions.
The fees that I am forced to use are sometimes higher than those of PayPal, depending on the amount of money.
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ifightformerkel
Legendary
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Activity: 1386
Merit: 1000
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February 04, 2017, 07:44:17 PM |
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Iam thought about this question a little bit,
but the only thing that i find negativ about bitcoin is the transfertime of bitcoins, it take too long.
Sometime i wait a few hours when i send bitcoin to some exchanges,
that is too long, the max. time imo should be 20 minutes.
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squatz1
Legendary
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Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
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February 04, 2017, 07:50:22 PM |
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Probably one of the most annoying things with using bitcoin is people requiring that one or two confirmations be made before accepting a transaction. I full understand the need for it but the network just takes an insane amount of time to go through one confirmation even when you set a high fee to be used.
This is the barrier which stops bitcoin from being massively adopted by people because of non-instant payments.
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mikehersh2
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February 04, 2017, 07:56:12 PM |
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For me, the only issue I find myself frustrated with when using bitcoin is the transaction confirmation time. I understand that there needs to be some delay in order for the payments to be confirmed.
However, the time it takes to confirm the transactions are very inconsistent. This is what frustrates me sometimes. The transaction time can take anywhere between 5 minutes to 5 hours, and there is no telling how
long it will take. Can this be fixed, I do not know. But it would be nice if there was some way to estimate how long it will take for your transaction to be confirmed, that way you are not caught off guard and
frustrated when your payment takes hours instead of minutes.
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Ritchy
Newbie
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Activity: 21
Merit: 0
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February 04, 2017, 07:59:19 PM |
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Confirmation time on some transactions..
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Clement Kaliyar
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February 04, 2017, 07:59:24 PM |
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The major issue right now is the transaction fees and the transaction delays.They have find a way to fix this up before it is too late.It is really frustrating to sit on your coins to get processed even to get alteast one confirmation while you are planning to purchase some alt coins and with the price blockchain is really slow and hope the core devs will come up with something for these issues.
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Hydrogen
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Activity: 2562
Merit: 1441
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February 04, 2017, 08:03:56 PM |
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Traders who want to devalue the worth of bitcoin thinking if the price declines, it'll immediately shoot back up again despite the loss of confidence in bitcoin's stability that comes with devaluation.
They make it hard to hold btc over the long term.
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erpbridge
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Activity: 954
Merit: 1000
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February 04, 2017, 08:05:25 PM |
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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.
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