Topic: What Frustrates You Most When Using Bitcoin? - page 20. (Read 7816 times)
Is when I want to be a member to a specific site but cant use my bitcoin because they are not accepting it thats frustrates me somehow but it will come in the future and another thing will frustrate me again. I am aware of the fee but not minding about its price going higher as is it needed when you do transaction bitcoin is still better than paypal actually its just paypal is the most common way to transact.
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 had issues like that too with a lot of personal information needed to be provided and lots of confirmations of a transaction and me doing it as well. But now I came to know a great website where they ask only your e-mail and then you have to send some amount of btc on some adress when you want to sell them. The fee they take is around 5% and you recieve the money on a credit card in local currency within half an hour. But I guess this site of only for people from Ukraine. Checking like paranoid is there any mistake in bitcoin address, no one wants to lose 10BTC.
I know this feeling, one of the first transactions I made was for about $400 and I typed in the address by hand
However, I feel relaxed using copy and pasted addresses and QR codes....
I wouldn't call them frustrations but downsides.
1. Trading volatility (i.e price movements very often) which can make you lose a lot of money if you do trading
2. Transaction delays although this is solved from the most famous wallets like Electrum, Ledger etc where when you pay with high fees it confirms very soon in the majority of the cases.
Apart of such downsides , everything is perfect with bitcoin itself.
1. Trading volatility (i.e price movements very often) which can make you lose a lot of money if you do trading
2. Transaction delays although this is solved from the most famous wallets like Electrum, Ledger etc where when you pay with high fees it confirms very soon in the majority of the cases.
Apart of such downsides , everything is perfect with bitcoin itself.
I think there is no frustration in bitcoin transaction, just disappointed when we transact the devices we use, infected with trojan virus from the actions of criminals hecker sometimes result in failure of the transaction we even suffer losses
for me, it is getting more expensive to do a transaction, the fee is getting higher.
Sometimes, takes more than 24 hours to confirm.
Sometimes, takes more than 24 hours to confirm.
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.Do you think it will it ever be fixed?
Selling individual to individual is risky and finding a reliable escrow is not always easy.
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.
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.
They make it hard to hold btc over the long term.
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.
Confirmation time on some transactions..
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.
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.
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.
This is the barrier which stops bitcoin from being massively adopted by people because of non-instant payments.
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.
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.
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.
The fees that I am forced to use are sometimes higher than those of PayPal, depending on the amount of money.
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.Do you think it will it ever be fixed?
Selling individual to individual is risky and finding a reliable escrow is not always easy.
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.
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.
for me is exchange bitcoin. btc atm fees quite high.
need to cash out from more bitcoin.
need to cash out from more bitcoin.
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.
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.
Jump to: