Topic: What is big problem in using of bitcoin - page 10. (Read 38684 times)
one big problem that I often face is, the time problem in sending bitcoin. confirmation time sometimes takes quite a long time.
The biggest problem that I have with using bitcoin is the fact that you can't chargeback in case you got scammed. For that same reason, I also hate bitcoin's pseudo-anonymity as it makes it harder to catch scammers.
There are no really big problems, the only thing I hate and what is already mentioned on here are the confirms of the transactions.
With low fee's the confirmation takes sometimes ages and that is just so annoying...
With low fee's the confirmation takes sometimes ages and that is just so annoying...
So why don't you go for higher fees, if you add higher fees then that problem can be solved and even if there is delay in confirmation time we need to compromise with as bitcoin is giving us best benefits.
Perhaps for many it is not a problem, but this way you can answer one more question about the convenience of bitcoin payments for purchase of and in general for his popularity as cash. The fact that the confirmation time is always very high. It always builds a negative impact on the user.
For me, the biggest problem is the fact that the confirmations are taking too long these days. This can be really bad for some people.
There are no really big problems, the only thing I hate and what is already mentioned on here are the confirms of the transactions.
With low fee's the confirmation takes sometimes ages and that is just so annoying...
With low fee's the confirmation takes sometimes ages and that is just so annoying...
The big problem for me using bitcoin is confirming sometimes it takes 4-hrs and above to confirm my transaction..
Like others 48hrs before confirm ..
Like others 48hrs before confirm ..
Sometimes when a large number of transactions take place then it take a large time to confirm your transaction but normally it take only a few minutes to confirm your transaction.
Certainly the fact there is a few places where people accept the currency, and this is one of the causes of the high volatility.
There are no problem with bitcoin even the wallets and i love using blockchain wallet where you can sign message now with blockchain wallet the problem in bitcoin is theres a lot of scMmer who still creating ponzi scheme wesbite to scam peopele
Yes and the fact is those people will keep on scamming its users until they will keep on entertaining them, if people won't invest them then those sites will never survive.
There are no problem with bitcoin even the wallets and i love using blockchain wallet where you can sign message now with blockchain wallet the problem in bitcoin is theres a lot of scMmer who still creating ponzi scheme wesbite to scam peopele
Much like the general was terrible deal bitcoin m. But nothing bad happened. Any errors that occurred was my fault. Because of limited experience and lack of knowledge.
The big problem for me using bitcoin is confirming sometimes it takes 4-hrs and above to confirm my transaction..
Like others 48hrs before confirm ..
Like others 48hrs before confirm ..
Still faster than international wire transfer though. PayPal would be faster they have a $10,000 single transaction limit so for large amounts Bitcoin is the best choice. Not to mention that you would be paying nearly $300 in fees when transferring $10,000 via PayPal compared to a few cents when using Bitcoin.
But yea I agree that it is a problem if you are pressed for time. Since you don't know exactly how long it will take whether a few minutes or a few hours, you can't plan ahead or promise someone to deliver at an exact time.
Right, PayPal is best to transfer the amount, and also safe sound, no problem in it, i always prefer PayPal whenever i want to transfer the amount of bitcoins.
But if we transfer our amount with any other ways, all ways need some time to transfer the amount, if we wait some hours, so nothing bad thing, we should see that our amount has come with safely.
I believe the biggest problem is the time of confirmation. This is not something serious if the seller or service does not require many confirmations, but in general it is not the case these days.
Adding extra fees to your transaction will solve your problem of waiting for confirmation time, just put some extra fees and your transaction will get confirmed in maximum 15 to 20 minutes.
I believe the biggest problem is the time of confirmation. This is not something serious if the seller or service does not require many confirmations, but in general it is not the case these days.
I believe that the biggest problem at the moment is that I cannot spend it more widely, the usage of bitcoin is limited to a few places, I wish that I could be able to spend it physically to buy things that I need.
No big deal, if you are eager to spend your bitcoins then convert it to fiat and spend, and if you do so then you are ultimately helping the economy by circulating the coins.
Along with many advantages bitcoin holds lot of risk factor. Because we buy and sell bitcoin to unknown person and we don't know what type of guys they are May be they are criminal or scammer. Still with traits we sell them btc and second risk factor it's that in bitcoin site we have to invest without any hope of getting back our invested money they could run anytime.
I believe that the biggest problem at the moment is that I cannot spend it more widely, the usage of bitcoin is limited to a few places, I wish that I could be able to spend it physically to buy things that I need.
The big problem for me using bitcoin is confirming sometimes it takes 4-hrs and above to confirm my transaction..
Like others 48hrs before confirm ..
Like others 48hrs before confirm ..
Still faster than international wire transfer though. PayPal would be faster they have a $10,000 single transaction limit so for large amounts Bitcoin is the best choice. Not to mention that you would be paying nearly $300 in fees when transferring $10,000 via PayPal compared to a few cents when using Bitcoin.
But yea I agree that it is a problem if you are pressed for time. Since you don't know exactly how long it will take whether a few minutes or a few hours, you can't plan ahead or promise someone to deliver at an exact time.
The big problem for me using bitcoin is confirming sometimes it takes 4-hrs and above to confirm my transaction..
Like others 48hrs before confirm ..
Like others 48hrs before confirm ..
i feel security of bitcoin is not very good. i mean security for some wallet providers. cause i have been almost lost my money.
and i think synchronization of blockchain is too slow.
and i think synchronization of blockchain is too slow.
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