What Frustrates You Most When Using Bitcoin? - page 15.

drwhobox

full member

Activity: 756

Merit: 133

- hello doctor who box

Quote from: Imaginary Entity on February 04, 2017, 01:36:42 PM

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?

Mostly trading sites are making a fix when it comes to validating who you really are making the anonymity in to nothing. They know who you really are making the use of cryptocurrencies nothing when it comes to their true meaning why they made it.

sindikat

full member

Activity: 364

Merit: 106

What upsets me most is that bitcoin is not used as a currency. I am sure that if the main trading platforms on the Internet took bitcoin for payment, it would give a very big impetus to the development of bitcoin's popularity and the development of the entire cryptocurrency market as a whole.

vladaziya4

jr. member

Activity: 238

Merit: 1

I earn on stock exchanges, I'm looking forward to raising and selling, I like it, it's very interesting. You can read and study - it's interesting.

fokinflor

jr. member

Activity: 116

Merit: 3

Quote from: Imaginary Entity on February 04, 2017, 01:36:42 PM

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?

well the most problematic one is, when I want to buy BTC and deposit cash, It takes at least 3-4 days for verification before getting added to my wallet and by that time, the price of BTC will be way higher!

shadowdio

sr. member

Activity: 1876

Merit: 289

Zawardo

Trying to withdraw my bitcoin to send another wallet, but slow when verifying withdrawal my bitcoin in some exchange and I already paid high transaction fee it takes hour or two to process my bitcoin it's really frustrate.

Elmughni

newbie

Activity: 140

Merit: 0

Quote from: Imaginary Entity on February 04, 2017, 01:36:42 PM

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?

Yes, I think the main problem nowadays is transaction costs and transaction delays. I hope they have found a way to fix it.

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: Wahyud11 on June 21, 2018, 06:37:37 AM

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

sometimes this makes me frustrated too but so far, I can handle my emotion to not become panic. I know that this will always happen with bitcoin but as long as I can manage my emotion, then I don't have any problem but I still have a question in myself, when bitcoin price can increase higher again so I can make a lot of profit like the last year.

Wahyud11

member

Activity: 84

Merit: 10

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

judel_2018

newbie

Activity: 87

Merit: 0

Quote from: erpbridge on February 04, 2017, 03:05:25 PM

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.

dmty.0809

sr. member

Activity: 756

Merit: 250

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.

RoftheN

full member

Activity: 546

Merit: 100

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

vladish425

newbie

Activity: 33

Merit: 0

its price)

youdacapt

sr. member

Activity: 1876

Merit: 295

GOD is TRUE

Quote from: KuromaYoichi on February 26, 2017, 03:34:48 AM

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.

Quote from: rajasumi3 on February 26, 2017, 03:47:26 AM

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.

rajasumi3

full member

Activity: 266

Merit: 100

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 .

wisqo

newbie

Activity: 14

Merit: 0

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!

KuromaYoichi

sr. member

Activity: 756

Merit: 251

Sovryn - 300-500% APY on USDT Deposit

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

jovs

sr. member

Activity: 672

Merit: 250

Quote from: leps on February 04, 2017, 01:58:16 PM

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.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

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.

Mometaskers

hero member

Activity: 1764

Merit: 584

Quote from: deisik on February 07, 2017, 11:42:44 AM

Quote from: MadGamer on February 04, 2017, 01:39:37 PM

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.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: MadGamer on February 04, 2017, 01:39:37 PM

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

Topic: What Frustrates You Most When Using Bitcoin? - page 15. (Read 7797 times)