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Topic: What is big problem in using of bitcoin - page 3. (Read 38655 times)

hero member
Activity: 952
Merit: 1000
October 05, 2016, 06:27:32 PM
There are no major problems in using bitcoins at a moment, only sometimes issue is with confirmation time but that problem has also been solved by adding some higher fees to the transaction.
legendary
Activity: 1386
Merit: 1016
October 05, 2016, 06:24:38 PM
what problem do you have in bitcoin.
The hour long wait while blocks are not found for an hour.

Actually one hour is not consider as long. I have waited before 3-4days as the server is packed with transaction and even with higher fee, it is not working that well. I also end up double spend.
sr. member
Activity: 278
Merit: 250
October 05, 2016, 06:18:44 PM
I don't find any problem in using bitcoin at a moment and everything is going fine for me as I am focusing  only on the benefits attached with it and if there is any problem then I simply ignore it or try to find solution.

The thought of something so incredible. Indeed we should basically be able to solve a problem that we have experienced, after the sense we have not enough knowledge about solving problems that we must be active in order to find the right person or expert and can help us with good
If I have any problems, because of the fact that I was not able to defend their rights or other actions but protect their consumer rights will be simply impossible it seems to me to be the most serious problem.
legendary
Activity: 840
Merit: 1000
October 05, 2016, 06:12:02 AM
It's decentralized government of many nation had already banned it and we have no idea where our government will accept it as money it will ban it. I have roughly about 0.04 bitcoin and if those amount gets blocked then my soul will leave me. As a student this much amount is more than enough for me to spend for 2 3 months.

I understand its an big amount for you but there are many people who are holding huge amount of coins and if Government bans bitcoin then they will surely get bankrupt and if that happens people will find other ways to use it.
sr. member
Activity: 280
Merit: 250
October 05, 2016, 04:23:55 AM
It's decentralized government of many nation had already banned it and we have no idea where our government will accept it as money it will ban it. I have roughly about 0.04 bitcoin and if those amount gets blocked then my soul will leave me. As a student this much amount is more than enough for me to spend for 2 3 months.
sr. member
Activity: 812
Merit: 250
October 05, 2016, 02:53:23 AM
The big problem in using of bitcoin is that the price itself.
The fluctuation price of bitcoin when not monitored you
can have a big lose. Bitcoin is also an investment thats
why it is vital to monitor the price itself.

I think the fluctuation is normal in bitcoin. you should be familiar with fluctuations in bitcoin was not a problem, if you are familiar with the fluctuation then you can take advantage of fluctuations that exist.
therefore you should always be prepared with contingencies when prices go up and down


Yes, fluctuation occurs naturally in bitcoin and it was not a problem. We must be able to familiarize themselves with prices always fluctuate. We can use it even be beneficial to us. If I often run into problems in the transfer of bitcoin is often experienced problems for several days, it was very disturbing.
hero member
Activity: 672
Merit: 500
October 04, 2016, 09:48:54 PM
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!

I don't understand why users keep on complaining about problem related to delay in confirmation time, just put some higher fees and your problem is solved in no time.
The reason why we must confirm a transaction is for our security. in this case,  confirmation in any transaction will prevent our wallet to be hacked by someone who can do it. It is give more diviculty for the hacker to doing hack to our wallet. Also it will prevent us to make a mistake while we do a transaction. The costumer will always keep on complaining becouse not all of them knew about technical thing. But it is good, it can make the developer keep moving forward to give the best service for bitcoin user. I think the problem to use bitcoin in not so big. It still fine to use bitcoin becouse the fee is lower than fiat thats why some people preffer like to use bitcoin than fiat.
sr. member
Activity: 447
Merit: 250
October 04, 2016, 07:36:05 PM
what problem do you have in bitcoin.
The hour long wait while blocks are not found for an hour.
you are right, blocks are taking such a log time to get mined and the fees are really huge some times
hero member
Activity: 490
Merit: 500
October 04, 2016, 07:23:24 PM
The big problem in using of bitcoin is that the price itself.
The fluctuation price of bitcoin when not monitored you
can have a big lose. Bitcoin is also an investment thats
why it is vital to monitor the price itself.

I think the fluctuation is normal in bitcoin. you should be familiar with fluctuations in bitcoin was not a problem, if you are familiar with the fluctuation then you can take advantage of fluctuations that exist.
therefore you should always be prepared with contingencies when prices go up and down
hero member
Activity: 938
Merit: 1000
October 04, 2016, 11:19:51 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!

I don't understand why users keep on complaining about problem related to delay in confirmation time, just put some higher fees and your problem is solved in no time.
hero member
Activity: 966
Merit: 506
October 04, 2016, 11:17:23 AM
For me, actually my country's people litter bit know about bitcoins, so that's why i have a problem to use the bitcoin, even i never see any shop where i can use my bitcoins, i use it only online and can't use it anywhere i mean openly, even my only few friends know about it, but now i feel day to day my country's people know about it and that is great for me.
hero member
Activity: 840
Merit: 1000
October 04, 2016, 10:59:04 AM
the biggest problem is scam and ponzies and i am seeing from some time that hypes are again getting popular i do not exactly know why but people are again ready to burn their money thats only what i think so do not decide to invest in them after reading this

If we are aware that all the sites are scam then how can it be a problem? As after knowing this fact we will never invest our money in it and if we do then its our own mistake.
sr. member
Activity: 266
Merit: 250
One world One currency, Bitcoin.
October 04, 2016, 10:52:07 AM
the biggest problem is scam and ponzies and i am seeing from some time that hypes are again getting popular i do not exactly know why but people are again ready to burn their money thats only what i think so do not decide to invest in them after reading this
hero member
Activity: 1260
Merit: 557
Leading Crypto Sports Betting & Casino Platform
October 04, 2016, 10:40:42 AM
I don't have problem with Bitcoin itself but have problems with people around me, which don't know about Bitcoin.
It will be great if merchants, offline and online, accept Bitcoin as payment option.
Right now, in my country, I can't use Bitcoin for payments of services or goods.
So, my biggest problem in using Bitcoin is that I can't use Bitcoin Smiley
Yeah I have the same thing, I love bitcoin but the people surrounding me for some reasons don't pay any attention to it. As a result, I can hardly use it directly in my place.
legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
October 04, 2016, 10:35:59 AM
what problem do you have in bitcoin.
The hour long wait while blocks are not found for an hour.
If you include enough fees, you will get chances for your transaction to be included in very next block itself. Sometimes I do see blocks are not being generated even for some 30 to 40 minutes also. But they are very rare occurrence, as we could expect blocks to be generated approximately every 10 minutes.

Yes if we add higher fees then it won't take much time for transaction to get confirmed, and I don't think that its an major problem at a moment as my transaction gets confirmed maximum in 15 minutes.

Yes but as it goes on more time will be consumed. I think it is because the ledger is being fulled and a lot of transaction are being made which cannot be taken care of those who confirm it.
High payments will really be out sooner to conclude the transaction faster.
Or are we just getting more impatient because we are used to faster deals?
hero member
Activity: 840
Merit: 1000
October 04, 2016, 10:29:12 AM
what problem do you have in bitcoin.
The hour long wait while blocks are not found for an hour.
If you include enough fees, you will get chances for your transaction to be included in very next block itself. Sometimes I do see blocks are not being generated even for some 30 to 40 minutes also. But they are very rare occurrence, as we could expect blocks to be generated approximately every 10 minutes.

Yes if we add higher fees then it won't take much time for transaction to get confirmed, and I don't think that its an major problem at a moment as my transaction gets confirmed maximum in 15 minutes.
legendary
Activity: 1204
Merit: 1028
October 04, 2016, 10:24:30 AM
what problem do you have in bitcoin.
The hour long wait while blocks are not found for an hour.
If you include enough fees, you will get chances for your transaction to be included in very next block itself. Sometimes I do see blocks are not being generated even for some 30 to 40 minutes also. But they are very rare occurrence, as we could expect blocks to be generated approximately every 10 minutes.
legendary
Activity: 3374
Merit: 1824
October 04, 2016, 10:11:31 AM
I don't have problem with Bitcoin itself but have problems with people around me, which don't know about Bitcoin.
It will be great if merchants, offline and online, accept Bitcoin as payment option.
Right now, in my country, I can't use Bitcoin for payments of services or goods.
So, my biggest problem in using Bitcoin is that I can't use Bitcoin Smiley
legendary
Activity: 2198
Merit: 1049
October 04, 2016, 10:05:34 AM
what problem do you have in bitcoin.
The hour long wait while blocks are not found for an hour.
sr. member
Activity: 476
Merit: 250
October 04, 2016, 10:03:24 AM
The big problem of using bitcoin is to actually find a place or spot where you can use them cause they are not accepted in alot of places yet.
So the problem is you have to convert back to fiat everytime which costs money ofcourse, we don't want that.
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