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Topic: What is big problem in using of bitcoin - page 19. (Read 38695 times)

full member
Activity: 210
Merit: 100
September 04, 2016, 12:00:07 PM
The biggest problem with bitcoin is that it's a personal i mean no government interference is there so government our country could easily ban using bitcoin and all my earning would go in vain. But I will still stick to bitcoin till the last day of bitcoin in our country.
legendary
Activity: 3234
Merit: 1654
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September 04, 2016, 11:58:33 AM
what problem do you have in bitcoin.

Which type of problem you are talking about? can you be precise? overall i have no issue in using the Bitcoin online. I can use it to shop anything. But idf you are talking about offline yeah have many issues. Like have no bitcoin atms, where to cashout them? There is no physical bitcoin currency yet. Few people in my country are using this coin so no use offline. etc
copper member
Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
September 04, 2016, 11:45:52 AM
For me, these are the main issues:

1. Very few shops and retail shops are accepting it.
2. Takes too long for confirmation.
3. Legal status is unclear in most of the countries.
4. Too many hackers and thieves.
5. Stagnant exchange rates.

i agree with your, the confirmation is not fast like other competitor, the bitcoin transaction need arround 15minute to get 1confirmation .
that's a biggest problem for small merchands
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
September 04, 2016, 11:40:39 AM
For me, my biggest problem is when I do transaction using bitcoin, the transaction can't be retrieved once it sent. So we have to be very careful when we do transaction and review everything before pressing the send button.

That is not a problem I guess, you need to be careful before sending your bitcoins, check and recheck and that is the best solution to avoid mistakes and losses.
sr. member
Activity: 490
Merit: 250
September 04, 2016, 11:04:52 AM
For me, my biggest problem is when I do transaction using bitcoin, the transaction can't be retrieved once it sent. So we have to be very careful when we do transaction and review everything before pressing the send button.
hero member
Activity: 700
Merit: 500
September 04, 2016, 10:32:04 AM
The big problem about bitcoin until now is only few or selected stores accepts it as a payment. Before you can really spend it for something you want, you need to convert it first into fiat to be able to spend it. Converting it has some fees also which makes us bitcoin users to not convert that often.
hero member
Activity: 3024
Merit: 680
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September 04, 2016, 10:26:35 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
Yes a lot of scam when we invest in and it was very big problem, because we can not freely choose a site that is really reliable. It is also a problem for me because it is very difficult to find sites that are not investment scam. If the fluctuation of bitcoin I think it's reasonable and not so problems can even make a profit.

Price fluctuation is not a problem at all in bitcoins in fact it is an opportunity to buy low and sell high, and yes the most headache with bitcoins at a moment is that there is no genuine place to invest our coins.
Its just a currency, i dont think there will can be any problem in using bitcoins unless and until the country we live in does not allow you to use so. When the bitcoin is exchanged to local currency, the price of it really matters. But it is not so where bitcoins are accepted.

That is the main problem about bitcoin as per some countries doesn't allow the use of bitcoin. But with the system of bitcoin I cannot plainly see a problem regarding to it's measure and use. But still if you are lucky in your location and there is an exchange site to your country then you can still enjoy bitcoin at all.
hero member
Activity: 672
Merit: 500
September 04, 2016, 10:22:45 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
Yes a lot of scam when we invest in and it was very big problem, because we can not freely choose a site that is really reliable. It is also a problem for me because it is very difficult to find sites that are not investment scam. If the fluctuation of bitcoin I think it's reasonable and not so problems can even make a profit.

Price fluctuation is not a problem at all in bitcoins in fact it is an opportunity to buy low and sell high, and yes the most headache with bitcoins at a moment is that there is no genuine place to invest our coins.
Its just a currency, i dont think there will can be any problem in using bitcoins unless and until the country we live in does not allow you to use so. When the bitcoin is exchanged to local currency, the price of it really matters. But it is not so where bitcoins are accepted.

Bitcoins are not accepted in my country anywhere so either I have to spend it online or need to convert it to fiat and the fact is converting bitcoins to fiat is not free in my country and that's a big problem.
full member
Activity: 136
Merit: 100
September 04, 2016, 10:10:20 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
Yes a lot of scam when we invest in and it was very big problem, because we can not freely choose a site that is really reliable. It is also a problem for me because it is very difficult to find sites that are not investment scam. If the fluctuation of bitcoin I think it's reasonable and not so problems can even make a profit.

Price fluctuation is not a problem at all in bitcoins in fact it is an opportunity to buy low and sell high, and yes the most headache with bitcoins at a moment is that there is no genuine place to invest our coins.
Its just a currency, i dont think there will can be any problem in using bitcoins unless and until the country we live in does not allow you to use so. When the bitcoin is exchanged to local currency, the price of it really matters. But it is not so where bitcoins are accepted.
hero member
Activity: 924
Merit: 1000
September 04, 2016, 09:20:03 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
Yes a lot of scam when we invest in and it was very big problem, because we can not freely choose a site that is really reliable. It is also a problem for me because it is very difficult to find sites that are not investment scam. If the fluctuation of bitcoin I think it's reasonable and not so problems can even make a profit.

Price fluctuation is not a problem at all in bitcoins in fact it is an opportunity to buy low and sell high, and yes the most headache with bitcoins at a moment is that there is no genuine place to invest our coins.
sr. member
Activity: 812
Merit: 250
September 04, 2016, 09:15:30 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
Yes a lot of scam when we invest in and it was very big problem, because we can not freely choose a site that is really reliable. It is also a problem for me because it is very difficult to find sites that are not investment scam. If the fluctuation of bitcoin I think it's reasonable and not so problems can even make a profit.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
September 04, 2016, 08:52:43 AM
For me, these are the main issues:

1. Very few shops and retail shops are accepting it.
2. Takes too long for confirmation.
3. Legal status is unclear in most of the countries.
4. Too many hackers and thieves.
5. Stagnant exchange rates.
hero member
Activity: 518
Merit: 500
September 04, 2016, 08:52:27 AM
After i got profit from trading altcoins, the big problem in using of bitcoin is can not pay things on real life because there are not stores who accept bitcoin on my regional, i must sell bitcoins to fiat money and making withdrawal to account of Bank. It was took my time and not simple.
legendary
Activity: 2086
Merit: 1058
September 04, 2016, 08:46:38 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
thats why i actually never invest into any websites because most of the websites are scams that just steal your money and thats it

Yeah many of us have lost our hard earned coins in hands of the scmmers in the past but now we know where to invest and where to not but beginners gets afraid when they come to know about it.
hero member
Activity: 770
Merit: 500
September 04, 2016, 08:44:48 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
thats why i actually never invest into any websites because most of the websites are scams that just steal your money and thats it
sr. member
Activity: 644
Merit: 250
September 04, 2016, 05:44:27 AM
For me the biggest problem in using bitcoin is when invest and yet you scam by someone. Another problem is when you deposit real money to you wallet and convert into bitcoin then suddenly the bitcoin decrease the value so for you it is injustice. He he.
hero member
Activity: 1008
Merit: 540
September 04, 2016, 05:21:57 AM
what problem do you have in bitcoin.
Hmm nothing much because i love bitcoin the way i earn i can earn bitcoin for  free without buying it from market because of signature campaign where i just to do is to post in every post i get paid by yobit so i love bitcoin and i don't hate it because help me to earn bitcoin that i can use every week.
copper member
Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
September 04, 2016, 05:16:26 AM
My problem in using of bitcoin is there is no place to spend my bitcoin in real life. So, i only can spend my bitcoins at online shops or i need exchange it into fiat first.
yeah true it is a problem that is being faced by many people today? until when we have to wait? where we can buy anything in offline using bitcoin? I'll wait for it to happen?

Its very simple, if you cannot use bitcoins offline then its better that you convert your bitcoins to your local currency and then spend and I don't think anything is wrong in that.

it's not "the real solution" , we have bitcoin because we believe bitcoin have value, and for me using bitcoin in ral life is something special, if more people using and accepting bitcoin in real life, im sure bitcoin will be growing  to much, and more new merchand will come to accepting bitcoin.
legendary
Activity: 2464
Merit: 1102
September 04, 2016, 04:35:54 AM
My problem in using of bitcoin is there is no place to spend my bitcoin in real life. So, i only can spend my bitcoins at online shops or i need exchange it into fiat first.
yeah true it is a problem that is being faced by many people today? until when we have to wait? where we can buy anything in offline using bitcoin? I'll wait for it to happen?

Its very simple, if you cannot use bitcoins offline then its better that you convert your bitcoins to your local currency and then spend and I don't think anything is wrong in that.
sr. member
Activity: 476
Merit: 250
September 04, 2016, 04:33:30 AM
My problem in using of bitcoin is there is no place to spend my bitcoin in real life. So, i only can spend my bitcoins at online shops or i need exchange it into fiat first.
yeah true it is a problem that is being faced by many people today? until when we have to wait? where we can buy anything in offline using bitcoin? I'll wait for it to happen?
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