What is big problem in using of bitcoin - page 21.

sana54210

legendary

Activity: 3346

Merit: 1128

Quote from: Jeremycoin on August 27, 2016, 12:05:28 PM

The big problem is that you guys keep talking about the weakness of Bitcoin instead of thinking about the advantages and use it for a better purpose.
Because if we keep talking about bad things about something, then that something will keep being bad.

But I preach positive use of bitcoin over other currencies. I make it a point to help educate people so that they can see that it’s weakness are overshadowed the amount of good that bitcoin can bring to people in need. Over all, bitcoin will be staying so strong regardless of what people are sharing it as these things will get solved over time with new versions of bitcoin developments.

nicmarfz

newbie

Activity: 10

Merit: 0

Quote from: techfm86 on August 27, 2016, 11:49:52 AM

For me, the biggest problem is the fact that the confirmations are taking too long these days. This can be really bad in some situations.

I often have this problem too. The confirmations are one thing that the big developer should work on more. It is still faster than a lot of bank transfers so I can not really complain that much.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: Leonard2016 on August 31, 2016, 10:12:12 PM

Quote from: chaser15 on August 31, 2016, 10:07:56 PM

Quote from: Doamader on August 31, 2016, 05:53:11 PM

Well isnt a real problem, but the delay some transactions may take, its a lot and usually make me get bored to wait them, but i know this works well and security issue and the way all its handled is amazing. But i do see some altcoins that make transacitons instant, if bitcoin could achieve same level would be great.

May I know what is your preferred waiting time to be consider as slow or delay?

Don't take bitcoin transaction as instant one but rather much more faster compare to the usual one. And if you want to make such instant transaction then why add some fees instead.

none of these are any problems for bitcoin.
many of us wish a different thing for bitcoin and wish it was in a certain way but the way it is right now is good enough.

Agree. And when it terms of transactions time yes it sometimes slow but why do such payment in an instant way. If people need funds then withdraw it early so that they can take a ride with the confirmation time.

Also adding fees will help ease the longer transaction time. They can send a large amount but can't even put some additional fees if they really want a quick transaction.

Xester

hero member

Activity: 994

Merit: 544

Quote from: harizen on August 31, 2016, 12:20:41 PM

Quote from: Imoote on August 31, 2016, 01:50:14 AM

Yes true fluctuations can even be used to gain an advantage. I think fluctuation bitcoin is not a problem because it is still very reasonable. If we take advantage of the fluctuations we can benefit by selling when prices are high and buy when the price falls. It was not a big problem in bitcoin, maybe that was the problem that I have ever experienced only slow transactions.

Those person/s that considered fluctuation as a problem really needs some good education and proper learning.

It's usual and for other currencies or assets to experience price fluctuations. Just take advantage of it rather than considered it as a problem.

Yes that is true, the biggest problem in bitcoin are the people who have no or less knowledge about bitcoins basic. Without knowing the basics it is hard to understand bitcoin and how it works. So there must be a curriculum in schools to solve this naivety that some people blabber about. Let us also help through simple IEC in our post to spread bitcoin knowledge everywhere.

Leonard2016

hero member

Activity: 1036

Merit: 520

Quote from: chaser15 on August 31, 2016, 10:07:56 PM

Quote from: Doamader on August 31, 2016, 05:53:11 PM

Well isnt a real problem, but the delay some transactions may take, its a lot and usually make me get bored to wait them, but i know this works well and security issue and the way all its handled is amazing. But i do see some altcoins that make transacitons instant, if bitcoin could achieve same level would be great.

May I know what is your preferred waiting time to be consider as slow or delay?

Don't take bitcoin transaction as instant one but rather much more faster compare to the usual one. And if you want to make such instant transaction then why add some fees instead.

none of these are any problems for bitcoin.
many of us wish a different thing for bitcoin and wish it was in a certain way but the way it is right now is good enough.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: Doamader on August 31, 2016, 05:53:11 PM

Well isnt a real problem, but the delay some transactions may take, its a lot and usually make me get bored to wait them, but i know this works well and security issue and the way all its handled is amazing. But i do see some altcoins that make transacitons instant, if bitcoin could achieve same level would be great.

May I know what is your preferred waiting time to be consider as slow or delay?

Don't take bitcoin transaction as instant one but rather much more faster compare to the usual one. And if you want to make such instant transaction then why add some fees instead.

madwica

hero member

Activity: 714

Merit: 531

I do not encounter any problem while i am using bitcoin, every transaction had verification and i do not treat the delay as a problem because i know it is normal to take few minutes to confirm our transactions and also we know it is online and no instant transaction be made in online.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: TheUltraElite on August 31, 2016, 03:32:10 PM

Big problem with BTC is fluctuation in price with respect to fiat currency. Also the irreversibility of transactions - people tend to make mistakes and even if they double check everything before sending a big sum of money still mistakes can crop up and this I think needs to be improved.

With Bitcoin Core, when you are setting up a transaction, you get a small window to pop up where you once again can check whether or not everything is set-up the way you wanted it to be. What more than that is there needed? It's enough for the far majority of the people. If after that you still make a mistake, then it's all your fault.

Doamader

hero member

Activity: 756

Merit: 501

Well isnt a real problem, but the delay some transactions may take, its a lot and usually make me get bored to wait them, but i know this works well and security issue and the way all its handled is amazing. But i do see some altcoins that make transacitons instant, if bitcoin could achieve same level would be great.

skylighters

full member

Activity: 142

Merit: 100

there are no problems for me in using bitcoins to be honest, it is the best and it does not need anything else

Blackmet

hero member

Activity: 854

Merit: 500

I have no any problems honestly, even long transaction time is not a problem for me, but i really want to have an opportunity to spend my money in physical shops.

xht

sr. member

Activity: 462

Merit: 250

hey you, yeah you, fuck you!!!

Quote from: TheUltraElite on August 31, 2016, 03:32:10 PM

Big problem with BTC is fluctuation in price with respect to fiat currency. Also the irreversibility of transactions - people tend to make mistakes and even if they double check everything before sending a big sum of money still mistakes can crop up and this I think needs to be improved.

Yes that's the only problem bitcoin is fluctuation in price, if there way to made bitcoin price are stable and strong towards other fiat currency maybe many countries will adopt bitcoin.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Big problem with BTC is fluctuation in price with respect to fiat currency. Also the irreversibility of transactions - people tend to make mistakes and even if they double check everything before sending a big sum of money still mistakes can crop up and this I think needs to be improved.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Imoote on August 31, 2016, 01:50:14 AM

Yes true fluctuations can even be used to gain an advantage. I think fluctuation bitcoin is not a problem because it is still very reasonable. If we take advantage of the fluctuations we can benefit by selling when prices are high and buy when the price falls. It was not a big problem in bitcoin, maybe that was the problem that I have ever experienced only slow transactions.

Those person/s that considered fluctuation as a problem really needs some good education and proper learning.

It's usual and for other currencies or assets to experience price fluctuations. Just take advantage of it rather than considered it as a problem.

torrentheaven

hero member

Activity: 952

Merit: 1000

Quote from: giustone on August 24, 2015, 07:04:25 AM

Sometimes I do not like to Bitcoin, I have to wait to confirm a transaction.
But that does not happen often, just when many transactions are unconfirmed.
There are also many positive sides!

We cannot start blaming bitcoins for only one reason that there is delay in confirmation, on contrary look at the benefits that it is providing us and I think we should focus on positive sides of bitcoins.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: Imoote on August 31, 2016, 01:50:14 AM

Yes true fluctuations can even be used to gain an advantage. I think fluctuation bitcoin is not a problem because it is still very reasonable. If we take advantage of the fluctuations we can benefit by selling when prices are high and buy when the price falls. It was not a big problem in bitcoin, maybe that was the problem that I have ever experienced only slow transactions.

Since i'm using bitcoins i have never faced the so called problem of slow transactions as everyone is mentioning that as a problem, my transactions have never taken much time to confirm, and second thing you guys are talking about is fluctuation of bitcoin which was never seen as a problem in bitcoin community but it has always been a source of earning profits for the community, without fluctuation a big source of earning bitcoins which is trading wouldn't have been possible.

Imoote

sr. member

Activity: 714

Merit: 250

Quote from: bravehearth0319 on August 30, 2016, 10:09:57 PM

Quote from: MinerHQ on August 24, 2015, 04:20:50 AM

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 very big price fluctuations, this makes one more uncomfortable to buy and keep coins for year or more.

I don't think its the problem, its normal actually,.Of course we are in the world of trading coinmarket. Meaning fluctuation is always there most of the time. But it doesn't mean it will goes down into zero, Bitcoin is 6yrs almost now and from those years fluctation is always a part of it, But still bitcoin stiil stand and getting more stronger and growing everyday.

Yes true fluctuations can even be used to gain an advantage. I think fluctuation bitcoin is not a problem because it is still very reasonable. If we take advantage of the fluctuations we can benefit by selling when prices are high and buy when the price falls. It was not a big problem in bitcoin, maybe that was the problem that I have ever experienced only slow transactions.

bravehearth0319

hero member

Activity: 1022

Merit: 500

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.

Be specific to your problem dude, Your problem is how to change your bitcoin address, isn't right? what do you mean by that? As far as I know in every bitcoin wallet address you can generate new wallet address?

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: MinerHQ on August 24, 2015, 04:20:50 AM

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 very big price fluctuations, this makes one more uncomfortable to buy and keep coins for year or more.

I don't think its the problem, its normal actually,.Of course we are in the world of trading coinmarket. Meaning fluctuation is always there most of the time. But it doesn't mean it will goes down into zero, Bitcoin is 6yrs almost now and from those years fluctation is always a part of it, But still bitcoin stiil stand and getting more stronger and growing everyday.

bravehearth0319

hero member

Activity: 1022

Merit: 500

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

what problem do you have in bitcoin.

Actualy, I don't see any problem to Bitcoin. All I see the problem is that some of the individuals community in bitcoinworld are giving misinterpretation and wrong thoughts about in bitcoin. They often said the problem to bitcoin is the Confirmation every time they will encash it into a real money. Its not the problem actualy, only some of the user's is the problem. So far bitcoin is really good to everybody.

Topic: What is big problem in using of bitcoin - page 21. (Read 38695 times)