Topic: What is big problem in using of bitcoin - page 31. (Read 38697 times)

Quote from: pocarime32 on July 11, 2016, 07:23:51 AM

I think the biggest problem is the price of bitcoin that always changed. It's not good for people who work on bitcoins and get salary with bitcoin,

I think this is not a big problem. but indeed bitcoin price fluctuations, because if stable will be boring and it is a great advantage of changes in the price of bitcoin.

Well Safari88,i like that you have found stable price on any asset "boring" Cheesy

It is probably because of bitcoin,this currency is just so fast and has such a great price fluctuations,that everybody who is in the phenomenon of bitcoin,will
be bored by other currencies or assets,because they are safe,slow which may mean also "boring"

anyone volatility attracts small players,and safe ( stable price of an asset ) attracts big whales.

currency bitcoin is really my love of price volatility. can sometimes make the rich in a short time. I was bored with stable prices. but at least if bitcoin prices stabilized at a high rate, I would be very happy. because maybe I'll take the trade altcoins, if bitcoin prices stable.

You're bored with stable price but don't you know once bitcoin get stabilized more people will be more seduce to join bitcoin because they know their money won't get smaller.

Dr.Osh

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Quote from: BlackPanda on July 11, 2016, 10:22:01 AM

Quote from: kenbytes on August 24, 2015, 05:00:29 AM

the price fluctuates i think it`s not so good ... Embarrassed

for some people it is an advantage: D. including bai traders who want bitcoin prices constantly fluctuate. for me the biggest problem bitcoin is a long delivery time. need some confirmation to declare bitcoin sent.

Well you're right, quite a long confirmation is a problem that can all bitcoin users. but the problem I often encounter is, so many new businesses are always promising a huge advantage, and this is very dangerous for beginners who are just learning looking bitcoin. if I think, I also had several times following their talk

Doms

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Quote from: pocarime32 on July 11, 2016, 07:23:51 AM

I think the biggest problem is the price of bitcoin that always changed. It's not good for people who work on bitcoins and get salary with bitcoin,

I think this is not a big problem. but indeed bitcoin price fluctuations, because if stable will be boring and it is a great advantage of changes in the price of bitcoin.

Boring doesn't always mean bad. It can be a kind of boring, but slow and steady rise in terms of price. I would rather prefer that it gradually reaches new highs than see massive price swings here and there in a matter of days. But that is just me. Bitcoin is full of surprises and we might see more of it before the year ends.

safari88

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Quote from: hermanhs09 on July 12, 2016, 04:45:58 PM

Quote from: pocarime32 on July 11, 2016, 07:23:51 AM

I think the biggest problem is the price of bitcoin that always changed. It's not good for people who work on bitcoins and get salary with bitcoin,

I think this is not a big problem. but indeed bitcoin price fluctuations, because if stable will be boring and it is a great advantage of changes in the price of bitcoin.

Well Safari88,i like that you have found stable price on any asset "boring" Cheesy

It is probably because of bitcoin,this currency is just so fast and has such a great price fluctuations,that everybody who is in the phenomenon of bitcoin,will
be bored by other currencies or assets,because they are safe,slow which may mean also "boring"

anyone volatility attracts small players,and safe ( stable price of an asset ) attracts big whales.

currency bitcoin is really my love of price volatility. can sometimes make the rich in a short time. I was bored with stable prices. but at least if bitcoin prices stabilized at a high rate, I would be very happy. because maybe I'll take the trade altcoins, if bitcoin prices stable.

hermanhs09

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Quote from: pocarime32 on July 11, 2016, 07:23:51 AM

I think the biggest problem is the price of bitcoin that always changed. It's not good for people who work on bitcoins and get salary with bitcoin,

I think this is not a big problem. but indeed bitcoin price fluctuations, because if stable will be boring and it is a great advantage of changes in the price of bitcoin.

Well Safari88,i like that you have found stable price on any asset "boring" Cheesy

It is probably because of bitcoin,this currency is just so fast and has such a great price fluctuations,that everybody who is in the phenomenon of bitcoin,will
be bored by other currencies or assets,because they are safe,slow which may mean also "boring"

anyone volatility attracts small players,and safe ( stable price of an asset ) attracts big whales.

safari88

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Quote from: pocarime32 on July 11, 2016, 07:23:51 AM

I think the biggest problem is the price of bitcoin that always changed. It's not good for people who work on bitcoins and get salary with bitcoin,

I think this is not a big problem. but indeed bitcoin price fluctuations, because if stable will be boring and it is a great advantage of changes in the price of bitcoin.

GreenBits

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Quote from: ?? on ??

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

what problem do you have in bitcoin.

i've no problem either with bitcoin tho.just plss don't down bitcoin from 600-700$ and stay on that price. thanks

Merchant adoption, user friendliness and security for unskilled users. And oh yeah, a highly volatile exchange rate that is driving purely by media.

BlackPanda

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Quote from: kenbytes on August 24, 2015, 05:00:29 AM

the price fluctuates i think it`s not so good ... Embarrassed

for some people it is an advantage: D. including bai traders who want bitcoin prices constantly fluctuate. for me the biggest problem bitcoin is a long delivery time. need some confirmation to declare bitcoin sent.

Red-Apple

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the only problem that i have with bitcoin is using it, or the ability to use it as a currency to be precise. because there is no place in my country that accepts bitcoin as payment since people here don't really know about bitcoin. also all the places online have all kinds of payment systems except bitcoin which is annoying sometimes when i want to spend bitcoin and there is nowhere to spend it!

Kalamsid

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From my personal experience, the bitcoin confirmation is slow. That is because it has too many users and too small block size. It is solvable.

shinratensei_

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Quote from: MTBTT on July 11, 2016, 07:58:59 AM

I think the big problem using bitcoin is the reverse payment because if you deal someone and you pay first and your deal person not give your needs you can not recover or reverse the payment.. unlike paypal..

Lol I think if you want a secure transaction you can use the escrow. because basically online shopping is mutual trust. so it is probably
a lot of people want to cheat someone. so better to use escrow to shop with a third party or an individual. many online escrow available

That's right,better to using an escrow at this time, maybe if will take a little amount of tax it's not a problem because it's will ensure your amount from scammed. but never using an online shopping without recommended escrow or online escrow.

escrowboy

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Quote from: Blackmet on July 10, 2016, 05:21:09 PM

I can't see any problems on my own bitcoin experience, but many people just complaining about long transaction time and other stuff.

I think if you want to wait a minute maybe about 15 minutes or less than that normally you've got one confirmation. so I think it's a problem for people who can not wait

There's an option that you can pay higher fee to make a quicker confirmation. This happens because paying higher fee will make your transaction being prioritize first for the miners.

Akupuniard

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I think that unstable price is my own big problem cause it's forcing me to worry about it everyday but in general i think i am from people without problems Grin

redsn0w

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Quote from: mishra1994u on July 11, 2016, 07:17:55 AM

Quote from: redsn0w on July 11, 2016, 07:15:31 AM

Quote from: escrowboy on July 11, 2016, 06:06:26 AM

Quote from: vdotcash on July 10, 2016, 09:44:19 PM

Quote from: bitbunnny on July 10, 2016, 04:10:16 PM

Maybe the biggest problem is that some transaction are never confirmed in Blockchain and you can lose your coins for good. It doesn't happen very often but still. And Bitcoin is stil not accepted everywhere, so that can be an obstacle to.

Indeed we are now in a fee based battle for block space. Using 0.0005 fee always works for me to get into the next block.

I think fee should be proportion on what is the value we currently have because what if the value hit it's highest price then .0005 every transaction will really affect you because it will have a bigger price.

The fee (basically) should be proportionally to the size of the tx and obviously of your demand, anyway bitcoin fees are still low respect other method of payments.

Yes right as compared to other payments options bitcoin fee is less..But its same even for small transaction or any bigger transaction..so no issue for peoples sending high amounts..

Sadly... for the micropayment isn't the best method of payment, that's true ... but with the new incoming services like https://lightning.network/ the micropayments with bitcoin will be better.

trickshot22

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Quote from: Blackmet on July 10, 2016, 05:21:09 PM

I think the big problem using bitcoin is the reverse payment because if you deal someone and you pay first and your deal person not give your needs you can not recover or reverse the payment.. unlike paypal..

Lol I think if you want a secure transaction you can use the escrow. because basically online shopping is mutual trust. so it is probably
a lot of people want to cheat someone. so better to use escrow to shop with a third party or an individual. many online escrow available

yeah escrow is always a good decision to make in my opinion not to be scammed, i think the biggest problem is having to wait long time for confirmations

MTBTT

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I can't see any problems on my own bitcoin experience, but many people just complaining about long transaction time and other stuff.

I think if you want to wait a minute maybe about 15 minutes or less than that normally you've got one confirmation. so I think it's a problem for people who can not wait

Sniper44

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Quote from: AioFox on July 11, 2016, 07:52:59 AM

I think the big problem using bitcoin is the reverse payment because if you deal someone and you pay first and your deal person not give your needs you can not recover or reverse the payment.. unlike paypal..

Lol I think if you want a secure transaction you can use the escrow. because basically online shopping is mutual trust. so it is probably
a lot of people want to cheat someone. so better to use escrow to shop with a third party or an individual. many online escrow available

What is escrow? I've been hearing this word quite a lot ever since i joined this forum. I too would like safe and trustworthy trustactions so that i know that i'll make a good trade without being scamed.

escrow is a trusted person that acts as some kind of a middle man. he/she is going to keep the funds or the goods that is about to be traded in his possession until the trade takes place and then releases them to the other party.

for example you want to buy something from me. you give the agreed upon bitcoin to the escrow and as soon as he confirms it it will send you that thing and as soon as i send it to you the escrow give me the money.

AioFox

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I think the big problem using bitcoin is the reverse payment because if you deal someone and you pay first and your deal person not give your needs you can not recover or reverse the payment.. unlike paypal..

Lol I think if you want a secure transaction you can use the escrow. because basically online shopping is mutual trust. so it is probably
a lot of people want to cheat someone. so better to use escrow to shop with a third party or an individual. many online escrow available

What is escrow? I've been hearing this word quite a lot ever since i joined this forum. I too would like safe and trustworthy trustactions so that i know that i'll make a good trade without being scamed.

ajun96

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