What is big problem in using of bitcoin - page 24.

umaOuma

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Quote from: Labumi on August 27, 2016, 07:47:03 AM

Quote from: yueno on August 27, 2016, 06:32:08 AM

Its risk when im converting btc in real money

It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin

I don't think there is any risk in converting btc in real money, I am successfully doing it since I am into bitcoins, it easily gets transferred to my bank account, btw can you tell me what is the risk in it?

Labumi

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Quote from: yueno on August 27, 2016, 06:32:08 AM

Its risk when im converting btc in real money

It is true, that the conversion of BTC into real cash is very risky. However if you already know the plot in the bitcoin I am sure that the risk is even becoming a tremendous advantage to you. because the price of the btc can you get (know) and you can also get a bigger profit from normal price bitcoin

agamasrori

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Bitcoin is very usefull for me. The fee is very very lower than using credit card. Bitcoin have no inflation. Goverment can't control bitcoin. Bitcoin is freedom. But, there is just one problem. The problem is only few place and people in my country who know about bitcoin so they're don't accept bitcoin at now because they don't know about bitcoin. I hope bitcoin will dissemination fastly and then I will use bitcoin in any where.

yueno

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Yueno

Its risk when im converting btc in real money

Mastsetad

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Quote from: krishna1 on August 26, 2016, 11:46:50 AM

Everyone of us has used bitcoin even its just a small amount but we did used it now let me put some light on some basic problems at current time.
Transactions take a lot time to get confirmed(because there are less miners remain in the network)
The network is much dangerous(because scammers are everywhere)

Well, the transactions are really not that much late as much they take using other currencies, and about scammers, that depends on you if you are falling for some of them because it is clear sometimes because they promise big in short time so someone should obviously know that cannot be true unless he is too greedy.

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Quote from: Danielzo on August 26, 2016, 04:04:58 AM

Forks. Take the DAO for example. Yes, it happened in the case of Ethereum, but weren’t we close to a similar outcome few months ago?

though forks nearly never happen for bitcoin and it is impossible that the situation like with dao will happen with bitcoins in my opinion

krishna1

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Everyone of us has used bitcoin even its just a small amount but we did used it now let me put some light on some basic problems at current time.
Transactions take a lot time to get confirmed(because there are less miners remain in the network)
The network is much dangerous(because scammers are everywhere)

Bitcoinbro

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Quote from: hieu81 on August 26, 2016, 09:28:51 AM

I see the biggest problem with Bitcoin is a security key, ensure accurate accounts sent to and trust with recipient Bitcoin

Security is a big maybe the biggest concern, but there is way more to that. Usability of bitcoin lacks a lot. Many users don't understand the wallet, with that I mean how it works, the blockchain etc. By making it possible to pay to names/mails or something personal, I am certain bitcoin will get more traction, then it is getting now.

hieu81

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I see the biggest problem with Bitcoin is a security key, ensure accurate accounts sent to and trust with recipient Bitcoin

setupbounds

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Quote from: madwica on August 25, 2016, 10:04:56 PM

I do not encounter any problem in bitcoin when i am using it that is why i am satisfied using my bitcoin wallet in every transaction i made like in online shopping, paying my bills, and loading my cellphone it is very easy and quick response of confirming the transaction.

Well, there is one thing is that the confirmation time is not short.
I’m not like that kind of person that can’t be patient but I was thinking of the future of bitcoin when bitcoin is accepted everywhere and we can buy anything with it then there will be people who can’t wait for 20 minutes just to wait for confirmation to buy a coke. So I hope there will be somebody would change this.

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Quote from: mk4 on August 26, 2016, 05:00:28 AM

theres not that much use of bitcoins as of now (compared to using paypal,creditcards). So people has no reason to move to bitcoins unless they want to buy shady stuff anonymously.

Don't limit your self, make the scoop a bit bigger... You can use bitcoin as money using exchange sites... Besides, you won't be collecting it if it has no good use to you right? Actually most of my digital goods and sometimes orders in online shops, I am paying it with bitcoin thru the exchange site that I am using...

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Quote from: jonahmarieaton101 on August 25, 2016, 10:46:36 PM

Quote from: Cuhua-hua on August 24, 2016, 08:52:56 AM

Quote from: passwordnow on August 24, 2016, 08:45:59 AM

Quote from: Antonio G. on August 24, 2016, 08:42:26 AM

Very unstable price is the main btc problem for me. I would like if btc price only go up

That is not a problem because it is a crypto currency and don't expect that it is going to be a problem because it is one of the characteristic of bitcoin. I think there is no big problem at all as most of the problems are just light and I don't find it very big as it is still giving me convenience as I am using bitcoin daily in my life.

Yeah, indeed it is not a problem for us. Because the increase or decrease in prices is bound to happen. from the unstable prices, we can get extraordinary things, especially on decreasing bitcoin. Because when prices drop bitcoin can we get tremendous advantage and can get a bitcoin with larger quantities when prices are high rise bitcoin

Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it

though it is not a problem at all, we should look at bitcoins as a currency that is not dependent on dollar, an independent currency

mk4

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theres not that much use of bitcoins as of now (compared to using paypal,creditcards). So people has no reason to move to bitcoins unless they want to buy shady stuff anonymously.

Imoote

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Quote from: jonahmarieaton101 on August 25, 2016, 10:46:36 PM

Quote from: Cuhua-hua on August 24, 2016, 08:52:56 AM

Quote from: passwordnow on August 24, 2016, 08:45:59 AM

Quote from: Antonio G. on August 24, 2016, 08:42:26 AM

Very unstable price is the main btc problem for me. I would like if btc price only go up

That is not a problem because it is a crypto currency and don't expect that it is going to be a problem because it is one of the characteristic of bitcoin. I think there is no big problem at all as most of the problems are just light and I don't find it very big as it is still giving me convenience as I am using bitcoin daily in my life.

Yeah, indeed it is not a problem for us. Because the increase or decrease in prices is bound to happen. from the unstable prices, we can get extraordinary things, especially on decreasing bitcoin. Because when prices drop bitcoin can we get tremendous advantage and can get a bitcoin with larger quantities when prices are high rise bitcoin

Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it

There may be problems such as transfer payments which sometimes takes a long time. I've sent bitcoin to more than 5 new day sent, and it was very frustrating to me. Besides possible problems of bitcoin is still number of scam sites and it struck me as being a problem. I think it's a problem to be solved by the bitcoin as very disturbing comfort.

Danielzo

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Forks. Take the DAO for example. Yes, it happened in the case of Ethereum, but weren’t we close to a similar outcome few months ago?

Kalamsid

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Quote from: jonahmarieaton101 on August 25, 2016, 10:46:36 PM

Quote from: Cuhua-hua on August 24, 2016, 08:52:56 AM

Quote from: passwordnow on August 24, 2016, 08:45:59 AM

Quote from: Antonio G. on August 24, 2016, 08:42:26 AM

Very unstable price is the main btc problem for me. I would like if btc price only go up

That is not a problem because it is a crypto currency and don't expect that it is going to be a problem because it is one of the characteristic of bitcoin. I think there is no big problem at all as most of the problems are just light and I don't find it very big as it is still giving me convenience as I am using bitcoin daily in my life.

Yeah, indeed it is not a problem for us. Because the increase or decrease in prices is bound to happen. from the unstable prices, we can get extraordinary things, especially on decreasing bitcoin. Because when prices drop bitcoin can we get tremendous advantage and can get a bitcoin with larger quantities when prices are high rise bitcoin

Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it

The price volatility is a problem for the bitcoin at the moment. But it is because the price is too low, and easy to manipulate.

jonahmarieaton101

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Quote from: Cuhua-hua on August 24, 2016, 08:52:56 AM

Quote from: passwordnow on August 24, 2016, 08:45:59 AM

Quote from: Antonio G. on August 24, 2016, 08:42:26 AM

Very unstable price is the main btc problem for me. I would like if btc price only go up

That is not a problem because it is a crypto currency and don't expect that it is going to be a problem because it is one of the characteristic of bitcoin. I think there is no big problem at all as most of the problems are just light and I don't find it very big as it is still giving me convenience as I am using bitcoin daily in my life.

Yeah, indeed it is not a problem for us. Because the increase or decrease in prices is bound to happen. from the unstable prices, we can get extraordinary things, especially on decreasing bitcoin. Because when prices drop bitcoin can we get tremendous advantage and can get a bitcoin with larger quantities when prices are high rise bitcoin

Yeah exactly thats not the problem. Because currency is not stable, it always change the value everytime. Maybe for me the problem using bitcoin is the trust. But overall i dont see any problem for it

Xenophoto

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In the buyer's perspective, the big problem with bitcoin is the anonymity and the inability to revert the payment. Once he sends the payment, he can never get it again nor can he cancel it. The same thing applies when he sends it to a wrong address.
If the seller scams him, he can't trace him because the bitcoin address doesn't give you any personal whereabouts unless the scammer has uploaded his real whereabouts.

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Quote from: madwica on August 25, 2016, 10:04:56 PM

I do not encounter any problem in bitcoin when i am using it that is why i am satisfied using my bitcoin wallet in every transaction i made like in online shopping, paying my bills, and loading my cellphone it is very easy and quick response of confirming the transaction.

That's the usual things that we could do with bitcoin and have no problem about doing it except if the online shop or the website that you've visited is a fraud or have too many sellers that are not under the owners control... This coming days I have a plan to travel and I saw that my online wallet is offering that service, in short they are accepting payment for a bus travel, it's going to be cool... I hope that it won't be a problem or a conflict with other passengers if I bought a ticket online..

madwica

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I do not encounter any problem in bitcoin when i am using it that is why i am satisfied using my bitcoin wallet in every transaction i made like in online shopping, paying my bills, and loading my cellphone it is very easy and quick response of confirming the transaction.

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