What is big problem in using of bitcoin - page 17.

co5hike

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Quote from: chaser15 on September 08, 2016, 03:59:47 AM

Quote from: TheUltraElite on September 08, 2016, 12:40:59 AM

Another problem is the volatility of the price which can go up or down sharply causing a huge loss/profit for the traders.

Bitcoin price volatility should not be taken as a problem but rather an opportunity to make a decent profit.

Without it no active traders today are doing such big trades.

Exactly, price fluctuations allow us to make profits in quick time, so I don't think that is a problem for most of us and if price of bitcoin gets stable then traders would surely hate that.

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Quote from: TheUltraElite on September 08, 2016, 12:40:59 AM

Another problem is the volatility of the price which can go up or down sharply causing a huge loss/profit for the traders.

Bitcoin price volatility should not be taken as a problem but rather an opportunity to make a decent profit.

Without it no active traders today are doing such big trades.

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So anyway, I applied as a merit source :)

Big problem in Bitcoin is the popularity in every part of the world. Several underdeveloped and developing countries have never heard of e-currencies let alone use it.

Another problem is the volatility of the price which can go up or down sharply causing a huge loss/profit for the traders.

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Quote from: boyptc on September 07, 2016, 11:28:54 PM

Quote from: Wandering Soul~ on September 07, 2016, 11:23:54 PM

Definitely the fluctuation and the fact that many countries doesn't recognize bitcoin as a currency. It will be nice if some online shop like amazon or ebay will accept bitcoin as a payment.

About the fluctuation I think that is not a big problem in bitcoin as it is a good characteristic of bitcoin. As we know that crypto's doesn't really have good stable price. But with the adoption, I think that is the main problem of bitcoin because there are still a lot of countries that doesn't know bitcoin yet. But I believe that is going to happen in the future, the mass adoption.

yeah bitcoin price volatile shouldn't be a problem at all , it's make people especially trader fall in love to bitcoin also the investors , they can do business with bitcoin everyday , there is no off day like forex or something like that. bitcoin issues are only in the misuse , there a lot of people abusing bitcoin for money laundering and other illegal activity. hard to stop it all.

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Quote from: Imoote on September 07, 2016, 11:31:39 PM

Quote from: madwica on September 07, 2016, 10:30:43 PM

Quote from: greBit on September 07, 2016, 06:12:22 PM

Quote from: mantra on September 07, 2016, 06:05:10 PM

many people using bitcoin to profit as much as possible, so that the price of bitcoin is uncertain, the price of bitcoin is not sure that makes me worry

Price fluctuations is the most attractive part of bitcoins as it helps us in making quick profits so I don't think price volatility can be considered as an problem in bitcoins.

Correct that is not a problem, there are many people starting to invest of bitcoin because of the fluctuation of the price they are taking the advantage in trading method the only problem is if you do not have enough money to invest in bitcoin nothing else.

Yes, fluctuations bitcoin in my opinion is not a problem. Even if we use it isa we will benefit from price fluctuations. It was not a problem and could be an advantage for us if we could use it. I think the problem is when the delivery is delayed until many days, it was very disturbing to me.

Well that is really going to be a big problem if the confirmation delayed and reach up to days. Because usually the delays are just happening for a couple of minutes.

And if that is going to happen for a lot of days then that is really going to be a big problem at all.

Good thing that I still not experiencing it with my entire life with bitcoin.

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Quote from: Imoote on September 07, 2016, 11:31:39 PM

Quote from: madwica on September 07, 2016, 10:30:43 PM

Quote from: greBit on September 07, 2016, 06:12:22 PM

Quote from: mantra on September 07, 2016, 06:05:10 PM

many people using bitcoin to profit as much as possible, so that the price of bitcoin is uncertain, the price of bitcoin is not sure that makes me worry

Price fluctuations is the most attractive part of bitcoins as it helps us in making quick profits so I don't think price volatility can be considered as an problem in bitcoins.

Correct that is not a problem, there are many people starting to invest of bitcoin because of the fluctuation of the price they are taking the advantage in trading method the only problem is if you do not have enough money to invest in bitcoin nothing else.

Yes, fluctuations bitcoin in my opinion is not a problem. Even if we use it isa we will benefit from price fluctuations. It was not a problem and could be an advantage for us if we could use it. I think the problem is when the delivery is delayed until many days, it was very disturbing to me.

Yes absolutely fluctuations bitcoin is not a big problem because it can be used. The biggest problem is the slow bitcoin transactions and the many scams that exist so that was very difficult to find trustworthy.

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

what problem do you have in bitcoin.

the main problem with btc is day per day increase in the privacy of transaction . the best example of my problem is updated version facility of blockchain.info where we can't trace our btc spent at which address in that case if someone steal our btc .

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Quote from: madwica on September 07, 2016, 10:30:43 PM

Quote from: greBit on September 07, 2016, 06:12:22 PM

Quote from: mantra on September 07, 2016, 06:05:10 PM

many people using bitcoin to profit as much as possible, so that the price of bitcoin is uncertain, the price of bitcoin is not sure that makes me worry

Price fluctuations is the most attractive part of bitcoins as it helps us in making quick profits so I don't think price volatility can be considered as an problem in bitcoins.

Correct that is not a problem, there are many people starting to invest of bitcoin because of the fluctuation of the price they are taking the advantage in trading method the only problem is if you do not have enough money to invest in bitcoin nothing else.

Yes, fluctuations bitcoin in my opinion is not a problem. Even if we use it isa we will benefit from price fluctuations. It was not a problem and could be an advantage for us if we could use it. I think the problem is when the delivery is delayed until many days, it was very disturbing to me.

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Quote from: Wandering Soul~ on September 07, 2016, 11:23:54 PM

Definitely the fluctuation and the fact that many countries doesn't recognize bitcoin as a currency. It will be nice if some online shop like amazon or ebay will accept bitcoin as a payment.

About the fluctuation I think that is not a big problem in bitcoin as it is a good characteristic of bitcoin. As we know that crypto's doesn't really have good stable price. But with the adoption, I think that is the main problem of bitcoin because there are still a lot of countries that doesn't know bitcoin yet. But I believe that is going to happen in the future, the mass adoption.

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Definitely the fluctuation and the fact that many countries doesn't recognize bitcoin as a currency. It will be nice if some online shop like amazon or ebay will accept bitcoin as a payment.

drwtsn32

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Many people complain about their wait for the transaction time.
Well, the thing is, we cannot do anything about it as the time depends on the number of miners.
What we need now is more miners.

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Quote from: greBit on September 07, 2016, 06:12:22 PM

Quote from: mantra on September 07, 2016, 06:05:10 PM

many people using bitcoin to profit as much as possible, so that the price of bitcoin is uncertain, the price of bitcoin is not sure that makes me worry

Price fluctuations is the most attractive part of bitcoins as it helps us in making quick profits so I don't think price volatility can be considered as an problem in bitcoins.

Correct that is not a problem, there are many people starting to invest of bitcoin because of the fluctuation of the price they are taking the advantage in trading method the only problem is if you do not have enough money to invest in bitcoin nothing else.

greBit

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Quote from: mantra on September 07, 2016, 06:05:10 PM

many people using bitcoin to profit as much as possible, so that the price of bitcoin is uncertain, the price of bitcoin is not sure that makes me worry

Price fluctuations is the most attractive part of bitcoins as it helps us in making quick profits so I don't think price volatility can be considered as an problem in bitcoins.

mantra

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many people using bitcoin to profit as much as possible, so that the price of bitcoin is uncertain, the price of bitcoin is not sure that makes me worry

eddyubachs

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I don't find any problem in using bitcoins as I believe in holding it for a long term, the only place I use it is for recharging my mobile, so everything is fine for me at a moment.

Doubler Disburser 232515

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The block-chain is it's own worst enemy. Having to download multiple Gigs of data that other people have created is both a blessing and a curse at the same time.

Increasing the size of blocks to process even more transactions may actually slow down the number of blocks created, but will cripple the network as people run out of hard drive space to house the information.

MyBTT

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The transactions are my only woe. Everything else is great. 10 minute blocktime can sometimes be annoying, but that's why people are developing the lighting chain. The One unsolved problem is blocksize, which if im not mistaken could simply be solved by dynamic block sizes.

co5hike

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Quote from: iqlimasyadiqa on September 07, 2016, 05:25:26 PM

the same way I feel. sometimes confirmation takes about 10 minutes. it makes the transaction that I did have to wait. for some people it is very disturbing because it could spend their time.

It can be frustrating if you need money in case of any emergency and at that time people will really hate bitcoins as it is not helping them in the best possible way.

iqlimasyadiqa

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the same way I feel. sometimes confirmation takes about 10 minutes. it makes the transaction that I did have to wait. for some people it is very disturbing because it could spend their time.

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Quote from: 20kevin20 on September 04, 2016, 12:42:26 PM

The only problem I can think of should be the confirmation time. Although I have never had problems with it (the deposits got confirmed almost instantly), I heard many people complaining.

yeah, the confirmation times are really bad right now to be honest, i hope that it will be changed in the future though, that would be cool

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