What is big problem in using of bitcoin - page 15.

richardsNY

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Quote from: justspare on September 10, 2016, 09:27:13 PM

Quote from: CloudStrife on September 08, 2016, 06:38:40 PM

Perhaps the biggest problem in using bitcoin is in price instability, this is a factor that is stopping many companies and important investors to use it. It is clearly an advantage for the traders though.

That is definitely one of the reasons that companies don't want to accept Bitcoin as a payment method. Another problem is that the transaction times are way too long compared to credit or debit cards.

Merchants don't care about the volatility. Merchants accepting Bitcoin as payment tool, are using a third party payment provider to convert all their Bitcoin related sales directly to fiat. They never see a single Satoshi in the entire process.

justspare

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Quote from: CloudStrife on September 08, 2016, 06:38:40 PM

Perhaps the biggest problem in using bitcoin is in price instability, this is a factor that is stopping many companies and important investors to use it. It is clearly an advantage for the traders though.

That is definitely one of the reasons that companies don't want to accept Bitcoin as a payment method. Another problem is that the transaction times are way too long compared to credit or debit cards.

delliaerd

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Quote from: socks435 on September 10, 2016, 01:58:05 PM

Quote from: DimidoffVany on September 10, 2016, 01:40:06 PM

Quote from: guddu raj on August 24, 2015, 04:01:32 AM

what problem do you have in bitcoin.

The real problem with bitcoin I did not. But some time ago, I lost a lot because of his inexperience. I bought a little money and wanted to try to make a profit, but did not calculate the forces.

The problem i think are those who making a ponzi sites that can affect our personal information also the image of bitcoin..
But bitcoin still good to invest.

the ponzi and scam site of investment is so cause resentment for every people whom put a money on that. maybe we can avoid the probmlems by using bitcoin in security aspect by do safe ways earning bitcoin , like signature campaign. it would be like good idea i think.

socks435

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Quote from: DimidoffVany on September 10, 2016, 01:40:06 PM

Quote from: guddu raj on August 24, 2015, 04:01:32 AM

what problem do you have in bitcoin.

The real problem with bitcoin I did not. But some time ago, I lost a lot because of his inexperience. I bought a little money and wanted to try to make a profit, but did not calculate the forces.

The problem i think are those who making a ponzi sites that can affect our personal information also the image of bitcoin..
But bitcoin still good to invest.

DimidoffVany

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Quote from: guddu raj on August 24, 2015, 04:01:32 AM

what problem do you have in bitcoin.

The real problem with bitcoin I did not. But some time ago, I lost a lot because of his inexperience. I bought a little money and wanted to try to make a profit, but did not calculate the forces.

ekoice

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The main problem is Bitcoin is not familiar to all sections of people.

Only a few commercial organisations have accepted it as a means of payment.

Having money in bitcoin as savings is highly risky due to large fluctuations in its price.

techfm86

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Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good . It does not happen very often but still. And Bitcoin is still not accepted everywhere , so that can be an obstacle to.

doomistake

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Quote from: guddu raj on August 24, 2015, 04:51:18 AM

if you have no problem,then no problem but i have problem that is how to change bitcoin address it is my biggest problem any one can solve this.
thanx in advanvce if u solved my problem.

First let me answer you first question. The only problem about BTC is that it changes it's range or currency but no one knows when. But I recommend you to save your BTC cause you know it might hit a high rate someday. Second, if your problem is changing your BTC address, you can create another wallet account so that you can have another BTC address. Then go to your profile, click forums profile information. You can see a box there for your BTC address then you just need to replace your old BTC address of your new one then save it and you're done.

MinerHQ

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Quote from: JessicaSe on September 10, 2016, 07:57:20 AM

Quote from: marleybobthedog on September 10, 2016, 07:53:32 AM

The biggest problem is the fear of losing all bitcoin because many country banned bitcoin and if the same our government does with bitcoin then definitely my all 0.03 bitcoin will go in water. And I would not be about to earn bitcoin again.

Which country you belong to? As I think not many countries have banned bitcoins, and even if it gets banned people will continue to use it using VPN services as in many countries even gambling is banned but people are easily gambling with bitcoins.

Yup, there are a lot of countries decided that Bitcoin is an illegal currency. And only a few number of countries is accepting direct Bitcoin as their payment. But if you don't have a chance to spend your Bitcoin means sell it to any 3rd party site or sell any trusted member and make it fiat currency. That's it.

randy8777

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Quote from: marleybobthedog on September 10, 2016, 07:53:32 AM

The biggest problem is the fear of losing all bitcoin because many country banned bitcoin and if the same our government does with bitcoin then definitely my all 0.03 bitcoin will go in water. And I would not be about to earn bitcoin again.

it all depends on what kind of ban your country has forced through. that's very important to know. if it is only restricted to companies, then you as person has nothing to worry about. also important, certain countries banning bitcoin doesn't mean you will lose your coins. there are many ways to either sell your coins, or keep simply using bitcoin.

JessicaSe

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Quote from: marleybobthedog on September 10, 2016, 07:53:32 AM

The biggest problem is the fear of losing all bitcoin because many country banned bitcoin and if the same our government does with bitcoin then definitely my all 0.03 bitcoin will go in water. And I would not be about to earn bitcoin again.

Which country you belong to? As I think not many countries have banned bitcoins, and even if it gets banned people will continue to use it using VPN services as in many countries even gambling is banned but people are easily gambling with bitcoins.

marleybobthedog

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The biggest problem is the fear of losing all bitcoin because many country banned bitcoin and if the same our government does with bitcoin then definitely my all 0.03 bitcoin will go in water. And I would not be about to earn bitcoin again.

co5hike

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Quote from: J Gambler on September 10, 2016, 04:56:28 AM

Quote from: guddu raj on August 24, 2015, 04:01:32 AM

what problem do you have in bitcoin.

I dont have problem using bitcoin why? coz bitcoin helps me on weekly expenses where i always get money from bitcoin and here in my country bitcoin are legal where many people are now have interest on bitcoin hoping that bitcoin will grow more 😊

Yes I don't find any problem in using bitcoin at a moment, no doubt we cannot spend them at physical place but we can convert them to fiat any time for spending.

pakitz

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long minutes of waiting confirmation.. Cheesy

PanZerrr

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Quote from: Gilf on September 10, 2016, 06:35:03 AM

Problems with using bitcoin virtually none. That's just there are fears for the course cryptocurrency so worried not to lose, and because of this you need to constantly monitor the exchange of sales.

Actually bitcoin it involves working with him constantly. You can not leave the matter to chance. If given destiny, then earn not get anything.

Gilf

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Problems with using bitcoin virtually none. That's just there are fears for the course cryptocurrency so worried not to lose, and because of this you need to constantly monitor the exchange of sales.

J Gambler

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Quote from: guddu raj on August 24, 2015, 04:01:32 AM

what problem do you have in bitcoin.

I dont have problem using bitcoin why? coz bitcoin helps me on weekly expenses where i always get money from bitcoin and here in my country bitcoin are legal where many people are now have interest on bitcoin hoping that bitcoin will grow more 😊

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Quote from: lionheart78 on September 09, 2016, 10:38:49 PM

Quote from: CloudStrife on September 08, 2016, 06:38:40 PM

Perhaps the biggest problem in using bitcoin is in price instability, this is a factor that is stopping many companies and important investors to use it. It is clearly an advantage for the traders though.

I agree the high volatility of bitcoin make it a bit hard for the merchants to adopt it. But it enable investors to speculate in price and get profit from the volatility of bitcoin. another problem with bitcoin is the confirmation. There are times that the confirmation takes more than an hour even if you pay the right tx fee.

I can't see and don't think about the confirmation of bitcoin to be a problem. Because in everything what we are going to do there are always time table just to be able to finish it. And besides it is only taking some few minutes before your transaction is going to be confirmed in the network. So for me it is not a big problem.

lionheart78

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Quote from: CloudStrife on September 08, 2016, 06:38:40 PM

Perhaps the biggest problem in using bitcoin is in price instability, this is a factor that is stopping many companies and important investors to use it. It is clearly an advantage for the traders though.

I agree the high volatility of bitcoin make it a bit hard for the merchants to adopt it. But it enable investors to speculate in price and get profit from the volatility of bitcoin. another problem with bitcoin is the confirmation. There are times that the confirmation takes more than an hour even if you pay the right tx fee.

Cast12

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A big problem with using bitcoin is that using it won't protect you from fraud since there is no chance of chargebacks. There is also the fact that is easy to accidentally send your bitcoin to another wallet then the one that you intended if you aren't careful.

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