Topic: What Frustrates You Most When Using Bitcoin? - page 10. (Read 7779 times)
I only have one problem with Bitcoin, which is so slow in completing transactions. It is something that they need to solve right now. I know that implementing lightning network is on its way, but we will see how it goes if it is going to solve the one problem that I am preferring right now.
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 have investment we must be carefull of all ways so that we cannot encountered scammed because if we can experience this kind of situation that's the time we can fell frustrated. So it's better we double check all the time because it is not easy to us to recover when we will get into scammed because scammers are anywhere in this world.
no, it's just when the process of making a wallet that requires photo id, and also the verification process that reaches 1 day. the rest I am very comfortable.
The inability to buy or sell my bitcoin directly for my local fiat.
The thought alone that I can't use bitcoin like the way I use fiat currency is a nightmare.
It gives me migraine , when I remember that I will have to convert my bitcoin first to the USD before converting to my fiat currency.
The thought alone that I can't use bitcoin like the way I use fiat currency is a nightmare.
It gives me migraine , when I remember that I will have to convert my bitcoin first to the USD before converting to my fiat currency.
The lack of opportunities to exchange bitcoins for goods and services is the most frustrating thing for me! Still the businesses are not that aware of bitcoins and other cryptocurrencies and not really adopting them as a currency per se. I do not want to just convert my bitcoins to fiat but rather waiting till there is mainstream adoption where we can use it frequently on a daily basis. Many are into bitcoin as a get rich quickly method where they try to flip them for fiat. But I want accumulate bitcoins and use them as a currency to purchase goods and services.
What frustrate me a lot is when I am asked to submit documents on some exchanges or point of withdrawal before I am allowed to withdraw my coins in fiat. Crypto/bitcoin is anonymous so there shouldn't be all these things.
I have never been frustrated with bitcoin during my time using it. I find bitcoin to be profitable in all forms compared to bankers. Sometimes frustration happens when I experience huge losses through gambling.
In my opinion,many people pay little attention to transaction costs,they only care about the quality and speed of the transaction because if you are an investor or trader,you will definitely receive high fees during your transaction process quickly and conveniently,delaying a few minutes to an hour is enough for you to lose a lot of things.
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?
I'm having a trouble transferring my money into cash because I have seen one number on the screen and eventually when I rub money into my hand it turned out to be quite less because of the transaction fees the commissions and all that crazy stuff that is mandatory however. Do you think it will it ever be fixed?
When I sign up for Exchange where I have to be asked for data (KYC).
It's okay to ask for information to me but not necessarily when I upload the data myself should wait for long to confirm.
Do not we eat every day, right? So why wait for weeks for KYC to be verified.
It's okay to ask for information to me but not necessarily when I upload the data myself should wait for long to confirm.
Do not we eat every day, right? So why wait for weeks for KYC to be verified.
Hello everybody. I do not like commissions on transactions and sometimes the speed of moving a deposit. I always just buy LTC, - solving the problem of the commission. I do not know if this problem will be solved with time, but I think almost everyone here faced problems with BTC, but still Bitcoin remains at the main place of the crypto-currency market.
One thing that actually frustrates me much ever since i started with bitcoin is the transaction fee of which i know something could be done about it.
well, ofcourse the most frustrating or annoying is that when you sell your bitcoin in a small amount of it but you have no choice because you need money and the only way is to sell your bitcoin. I believe that this is one of the annoying one.
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?
Do you think it will it ever be fixed?
of course I think it is common to all of us who are involved in this industry. even more so in trading, because that's what technical analysis is needed. even more so in any adverse speculation will make other experiences that we can revise to be wiser in every decision.
If I have to pay a higher price than fiat.
For me, if you use Bitcoin, the price must be the same, or better, cheaper.
For me, if you use Bitcoin, the price must be the same, or better, cheaper.
I was frustrate when i invested my .70 bitcoin in a Revenue share company after 2 to 3 months that guy scam us and collect our bitcoin and run also one thing happen with me when i deposit bitcoin in gambling site then this happen because of my Greediness and i loose my money but still i love bitcoin because that was my mistakes not of bitcoin how we use our investment depends on us.
barrier to entry = depressed price. just think of it that way and be happy that you were one of the folks who was willing to jump through hoops to get your BTC. That's worth something.
It is frustrated when bitcoin market price falls that much that we could not be able sell when market price relatively good. So the process of waiting again to reach the target market price where we could be able to earn on it but for now as of this moment waiting and holding is the best thing to do.
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?
Do you think it will it ever be fixed?
Well, I get frustrated or annoyed when the bitcoin price is suddenly goes down and I really need a money, and I have no choice but to convert it. That is so annoying for me, you know when you need really need your money and when you check the bitcoin price it is in downfall. So, to avoid this kind of situation my strategy is while the price of bitcoin is in high peak I started to convert so that if ever I need a money I do not need to be annoyed if it is in low price.
For me, sometimes it take sometimes of waiting/ delays due to heavy traffic in transaction but somehow it will overcome my frustration when it pump successdully traded. But hoping sooner or later that the developher blockchain technology will discover the easiest way to fastened the quick confirmation by means of adding manpower to their technology, fast verification and validation will quickin the confirmation of the transaction.
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