What is big problem in using of bitcoin - page 25.

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Quote from: Bestwishes745 on August 24, 2016, 01:07:25 PM

Quote from: johnnyyash on August 24, 2016, 04:50:19 AM

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

Yes, bitcoin has no fault in this issue, scammers are everywhere at every times and we can not avoid them so why do you blame bitcoin for that. And about the fact that bitcoin is still not accepted widely, I think things will change because bitcoin is new in compare with fiat money so it just simply needs times and I assure you the future is very potential.

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Quote from: kulas on August 24, 2016, 08:34:57 PM

My only problem of using bitcoin is that its sometimes very annoying that the bitcoin transaction takes some time for confirmations. That is the only thing I hate in bitcoin. Also the price fluctuation of bitcoin.

True, the problem of delayed transfers is very disturbing. I too have experienced the problem of transfer up to 5 days. I want it fixed so as not to interfere, because I think it's very disturbing. And the number of scam sites may also be a little annoying because it makes us uneasy to choose a good site.

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Quote from: madwica on August 24, 2016, 07:41:27 PM

I do not see any problem using bitcoin the transaction speed for me is good i do not encounter any delay, also my online wallet has more feature or services offer to the users of bitcoin that is why i am happy while using bitcoin.

Though sometimes there are delays in the transaction, but it is acceptable since it don't take more than 2 hours if there is a delay.. I too is using a online wallet and I am satisfied with bitcoin as there is still a way to use it, I hope one day we won't have to use exchanges frequently each time we need to use our bitcoin to purchase..

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My only problem of using bitcoin is that its sometimes very annoying that the bitcoin transaction takes some time for confirmations. That is the only thing I hate in bitcoin. Also the price fluctuation of bitcoin.

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I do not see any problem using bitcoin the transaction speed for me is good i do not encounter any delay, also my online wallet has more feature or services offer to the users of bitcoin that is why i am happy while using bitcoin.

beamforming2

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It is the transactions speed
i think that we need to step forward right?
I dream about instant btc transaction's,but it will never happen probably :/

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Quote from: coindancer on August 24, 2016, 01:13:02 PM

Quote from: Bestwishes745 on August 24, 2016, 01:07:25 PM

Quote from: johnnyyash on August 24, 2016, 04:50:19 AM

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

bitcoin has the goal of reducing the trust needed when transferring money. you don't need to trust your bank for example. but still people need to make good decisions to not just give their money away. scammers will take that with a smile.

yeah as bitcoin decentralized , you have own your bank. also people always think that the big problem in bitcoin are the bitcoin transaction irreversible means "any transaction issued with Bitcoin cannot be reversed , they can only be refunded by the person receiving the funds" ! because that "you are own your bank" concept.

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Quote from: swogerino on August 24, 2016, 01:08:55 PM

Quote from: Mastsetad on August 24, 2016, 03:05:06 AM

Quote from: delliaerd on August 23, 2016, 07:15:31 PM

Quote from: Haliburton on August 23, 2016, 04:27:20 PM

The problem to me is the unpredictibility of the price from day to day.
I buy some then it either increases in the value or worst it decreases alot.

You are absolutely right the price of bitcoin always up and down but it is can be predict by activities and also halving bitcoin. But to have knowledge for predict bitcoin you must learn fluctuations of bitcoin for a long time enough.

Fluctuation should really not be a problem for the users of bitcoin because if the price drops sometimes then it rises even more later on so if you buy today and it drops a bit tomorrow but it would grow more in coming day so that should not be considered a problem i think.

This is the major problem with my daily activities in using bitcoin. It is always guess work when you are choosing to spend or choosing to buy. You never know the true actual value of how much you are paying for a service or product.

That's why a lot of stores is not wanna for accepting bitcoin in their payment, they're will difficult to balancing the value of their goods into bitcoin rate because that is very volatility and always change for a short time.

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Quote from: bitdumper on August 24, 2016, 01:11:16 PM

banks control all the money in a economical region and we are the one who creates the value/price of this currency by our demands and supply and bitcoin is also relative by this.and it is relative so it will take a long time to take actions like 400-500years minimum

thats true, it is basically the main reason why i hate banks that much and why i try to use their services as less as often, i just hate it to be honest

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Quote from: ivanst776 on August 24, 2016, 03:48:18 PM

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

what problem do you have in bitcoin.

Every service/coin or any other thing has its pros and cons, so is bitcoin too.

What is a big problem using bitcoin is that we should wait for many minutes or hours to get enough confirmation to be safe that the funds has been sent or received and there is no chargeback chance.

Bitcoin needs to have bigger blocks and needs to be integrated in more services/markets so people can use it more.

You know that given the networks current strengths the chance of someone mining the next consecutive 6 blocks is almost impossible? With typical transactions (if you're ignoring the size of the tx) and not an automated service 1 conf. is probably more than enough to suffice.

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Quote from: angaper on August 24, 2016, 03:42:00 PM

My main problem is the usual volatility of bitcoin which makes very difficult to use it as a site of value, which is very important for me because I am using bitcoins as a long term investment and it has always been very difficult to foresee its future behavior because of the usual uncertainty that prevails in altcoins market.

It's very important at what price you buy your coins for long term holding and store of value purposes. If I take myself as an example, I bought coins below $300 and below $400 last year. The coins I bought below $300 are being used as store of value for the long term. The coins I bought below $400 were just for investment purposes. I sold many of them around $750 in June, and bought back some at below $400 rates at the time Bitfinex was hacked. That's how I do it. This allows you to use the volatility in your advantage instead of seeing it as a bad thing.

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

what problem do you have in bitcoin.

Every service/coin or any other thing has its pros and cons, so is bitcoin too.

What is a big problem using bitcoin is that we should wait for many minutes or hours to get enough confirmation to be safe that the funds has been sent or received and there is no chargeback chance.

Bitcoin needs to have bigger blocks and needs to be integrated in more services/markets so people can use it more.

angaper

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My main problem is the usual volatility of bitcoin which makes very difficult to use it as a site of value, which is very important for me because I am using bitcoins as a long term investment and it has always been very difficult to foresee its future behavior because of the usual uncertainty that prevails in altcoins market.

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Quote from: Bestwishes745 on August 24, 2016, 01:07:25 PM

Quote from: johnnyyash on August 24, 2016, 04:50:19 AM

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

yes bad understanding has a lot going on, as he said that many btc sites...some are just scammers, clear from the statement in question is based Ponzi investment site and it certainly was one of her own. This is not a problem in bitcoin but how people are too greedy desire a great income without having to do anything which is mostly promoted by an investment site.

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Quote from: Bestwishes745 on August 24, 2016, 01:07:25 PM

Quote from: johnnyyash on August 24, 2016, 04:50:19 AM

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

bitcoin has the goal of reducing the trust needed when transferring money. you don't need to trust your bank for example. but still people need to make good decisions to not just give their money away. scammers will take that with a smile.

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banks control all the money in a economical region and we are the one who creates the value/price of this currency by our demands and supply and bitcoin is also relative by this.and it is relative so it will take a long time to take actions like 400-500years minimum

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Quote from: Mastsetad on August 24, 2016, 03:05:06 AM

Quote from: delliaerd on August 23, 2016, 07:15:31 PM

Quote from: Haliburton on August 23, 2016, 04:27:20 PM

The problem to me is the unpredictibility of the price from day to day.
I buy some then it either increases in the value or worst it decreases alot.

You are absolutely right the price of bitcoin always up and down but it is can be predict by activities and also halving bitcoin. But to have knowledge for predict bitcoin you must learn fluctuations of bitcoin for a long time enough.

Fluctuation should really not be a problem for the users of bitcoin because if the price drops sometimes then it rises even more later on so if you buy today and it drops a bit tomorrow but it would grow more in coming day so that should not be considered a problem i think.

This is the major problem with my daily activities in using bitcoin. It is always guess work when you are choosing to spend or choosing to buy. You never know the true actual value of how much you are paying for a service or product.

Bestwishes745

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Quote from: johnnyyash on August 24, 2016, 04:50:19 AM

one big problem i see is there is no trust and honesty...with some of the btc sites...some are just scammers....why some are true....price fluctuation is another problem and btc not recognize yet globally..

In every field of our life we face some scammers, so in that case we cannot blame bitcoin that there are some people who scam with bitcoin, and these scammers are not created by bitcoin but they are already existed in our surroundings and they try different ways to scam people.

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Quote from: bitdumper on August 24, 2016, 12:49:07 PM

in my country its hard to explain people about bitcoin they do not belive any of my words they are just like slaves of government and banks they don't belive that there can be something beside them

Yeah same here thats why bitcoin is very hard to offer the bitcoin to others they are thinking that its a scam because they are forcing or offering it to them to buy bitcoin and hold it or teach them to earn with bitcoin but they are still not trusting it because they said its scam..

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Quote from: chaser15 on August 24, 2016, 12:42:01 PM

Really annoying to see some problems and concerns here about bitcoin's price fluctuation.

It's that really a problem to you? Can you open your mind that without price fluctuation you can't expect a price increase that will give you a profit for long term. Ups and down are normal and it's a must that price decrease should also happen so that we aren't force to buy at our considered high price.

yeah right its a normal thing that the price of bitcoin is changing high and low.. because the price of bitcoin is unpredictable and it will never be stable even in the future.. we are making a profit for the price increase so its not a big problem.. i think the big problem right now how we can ban those scammers online investment site and cloud mining site.. they are still getting leads and many people are still experience of scamming because of that schemes.

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