What is big problem in using of bitcoin - page 34.

CryingMidget

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Quote from: bitcoin-hunter on July 06, 2016, 04:26:29 PM

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

I didn't encountered any problems with bitcoin yet it is okay when it comes to transactions even though it is delayed for sometime . but the only thing that bitcoin has to complain about is the fluctuation because we do not notice that the bitcoin price is suddenly became down...

Maesters1-

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Quote from: upsidedown75 on July 07, 2016, 02:58:13 AM

Quote from: PokerFace3 on July 05, 2016, 03:46:43 AM

Quote from: Cyaren on July 04, 2016, 05:45:01 AM

I think the biggest problem of using it is miner commision,at least for me.Of course you cant step through it without paying it
but well that's the life.Security is fine if you know how to do it.Big problem is also BTC usage to illegal activities (money laundering,drugs etc.)

We all know that the popularity of Bitcoin is growing daily, daily new member comes to bitcoin community..., I think it all depend on how we use our Bitcoins, if we decided to use as a illegal payment source then its bad, but if we use and teach others to use as a good way then its good.... And for the security reason Bitcoin wallets are more safe than others,,,

If people keep using bitcoins for illegal transactions, it can become a problem for us too but we can not deny the fact that over 80% of the users are using bitcoins for gambling and ponzi schemes and hence we all are facing this issue. We need to bring this to an end and then only bitcoins can get recognized as a legal currency.

but i think this not a big problem. do you think that all the terrorist activities are due to the use of bitcoin no it is not so. they may be using Dollar or any other local currency. i think the big problem in using bitcoin is that where to use the bitcoin. we have no such opportunities in our area. how can we do shopping using bitcoin. people do not have even any idea about bitocin . and i think that is the real problem.

upsidedown75

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Quote from: PokerFace3 on July 05, 2016, 03:46:43 AM

Quote from: Cyaren on July 04, 2016, 05:45:01 AM

I think the biggest problem of using it is miner commision,at least for me.Of course you cant step through it without paying it
but well that's the life.Security is fine if you know how to do it.Big problem is also BTC usage to illegal activities (money laundering,drugs etc.)

We all know that the popularity of Bitcoin is growing daily, daily new member comes to bitcoin community..., I think it all depend on how we use our Bitcoins, if we decided to use as a illegal payment source then its bad, but if we use and teach others to use as a good way then its good.... And for the security reason Bitcoin wallets are more safe than others,,,

If people keep using bitcoins for illegal transactions, it can become a problem for us too but we can not deny the fact that over 80% of the users are using bitcoins for gambling and ponzi schemes and hence we all are facing this issue. We need to bring this to an end and then only bitcoins can get recognized as a legal currency.

GreenBits

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My biggest problem with btc is exchange rates, and merchant acceptance. It's a nightmare to use an ATM or local bitcoin to convert btc; the fees are outrageous although the service is swift. With comes to the reason you have to convert bitcoin in the first place, real life companies (mortgage, utilities, the government) don't directly accept bitcoin. Only fiat.

Chrismeister

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Quote from: bitcoin-hunter on July 06, 2016, 04:26:29 PM

The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

I also do not like it but keep in mind its all about the fee's so its your own choice if you are using high fee's or low fee's.
I think that its not a very big problem but that it is annoying.

bitcoin-hunter

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The worst thing about the bitcoin is in my eyes the fact that the confirmations are taking too fucking long these days.
I think its just bad that you have to wait so long on confirms!

ontrackk

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Quote from: KingTylerVVS on July 06, 2016, 01:09:46 PM

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

what problem do you have in bitcoin.

main problem in my opinion is lack of a universal adoption and ease of understanding by the public en mass.

Coinbase and Shift Visa are helping a lot to alleviate that.

yeah, thats a little bit sad to be honest that bitcoins have really small adoption nowadays but i hope that the situation in the future will be much better and more people will be using bitcoins

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

what problem do you have in bitcoin.

For me there are two quite big issues with Bitcoin:

First of all, is the increased transaction confirmation time.

Secondly, the fact that Bitcoin isn't widely used in the world.

Only time will tell if these issues will go away.

Low level of confidence, awaiting 6 confirmations and bla bla bla. I have friends who had experienced more than 24 hour delay in the transaction. This is one big problem to be hurdled.

Yes, consider you are in grocery shop standing in a queue of people at a bill counter and waiting for the confirmations. Thats way too long for a real time processing. This can be a big problem in the future.

Bitcoin isn't designed for immediate transactions like a retail shop just yet. That is indeed a problem.
However, as of my experience, it takes roughly 10 minutes for a transaction to be confirmed and that's actually a lot better than those money transfers which takes roughly half a day to confirm.

Vikingr

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Quote from: 2legit2 on July 06, 2016, 12:59:01 PM

Quote from: mishra1994 on July 06, 2016, 07:04:49 AM

The only problem i think is some times it takes a lot of time for the transaction to get confirmed in blockchain.Despite that bitcoin is the best.And if we pay the recommended fee then we dont have to face this problem as well.

i got this problem too, i sometimes have to wait a lot of time until my transactions get confirmed and they appear on the website, it would be really cool to be honest if we didnt have to wait

The developers should have to work on it for remove that problem, and I think they may be busy in planning for that so that public are in convenience in sending and receiving their coins to any person.

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For me personaly it is my poor knowledge about bitcoin and other stuff linked with bitcoin, i should learn more, read different literature and watch usefull vids.

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Quote from: Bit_Happy on July 06, 2016, 01:55:07 PM

Quote from: bitbunnny on July 06, 2016, 01:41:58 PM

The problems that can appear are related to the Bitcoin volatility. So, sometimes you win, sometimes you lose, dependong on the current price...

Price volatility is a challenge for some people, and a huge opportunity for others.
Much of this year has been way too stable, imo.

it is more like an opportunity for me, to be honest i really like the fact that bitcoin price is not stable and is constantly changing, to be honest i dont have any problems with bitcoin i think

smho_16

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Price volatility is a problem sometimes, but usually bitcoin usage has no problems at all. I love when sending payments in bitcoin and love for example when the price of it is high about 700 dollars so I can send 15 dollars with a mere 0.022 bitcoin. Bitcoin has no problems until now , maybe the confirmation time if you are about to gamble but even this problem is solved by many gambling companies which accept it with 0 confirmation and right after you deposit it it shows on your balance.

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Quote from: bitbunnny on July 06, 2016, 01:41:58 PM

The problems that can appear are related to the Bitcoin volatility. So, sometimes you win, sometimes you lose, dependong on the current price...

Price volatility is a challenge for some people, and a huge opportunity for others.
Much of this year has been way too stable, imo.

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Quote from: Bitcoinsummoner on July 06, 2016, 01:02:54 PM

Quote from: coinzat on July 06, 2016, 12:56:16 PM

the unstable prices are my main problem with bitcoin. but it does not always work against me because the prices goes up and down. and I think the price won't be stable soon at all

Bitcoin price will never be stable because its always depends in supply and demand.. dont relay how long bitcoin will live just check how bitcoin is indemand.

and i think we dont need a stable price right now at all, i think bitcoin will have a lot of potential to grow in the future thus the fluctuations will be a good thing, my biggest problem is that there are just a few shops accepting it

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The problems that can appear are related to the Bitcoin volatility. So, sometimes you win, sometimes you lose, dependong on the current price. Also, I once had problem with blockchain confirmation, I waited for five days and did not know will it be confirmed or I lost this coins for good. Sometimes when I wanted to buy some thing in some web shops they haven't accepted the Bitcoin. But this problems are part of Bitcoin world and they did not scared me away from Bitcoin.

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Quote from: ASHLIUSZ on July 06, 2016, 12:53:19 PM

Quote from: pearnapple on July 06, 2016, 08:24:08 AM

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Quote from: Xester on July 05, 2016, 08:00:49 AM

For me its just the bitcoin transaction confirmation is the only problem in bitcoin as far as i discover now

I think if you were a man whose patient, the problem was not too big, but I see most users are not the patient type.
so it seems this problem should be quickly solved

i doubt that it is a huge problem to be honest and i think that the confirmations are actually a good thing because it allows the transactions not to be faked, though thats just my opinion

the important thing is the transaction itself which should reach you immediately and without any hesitation and many businesses are ok with it too. and the confirmation is fast most of the time if you include enough fees with it.

Yes if you include enough fees then I don't think there will be delay in confirmation time, and that is not a major problem for me, as overall I am very much satisfied with the features of bitcoin.

thats true, the confirmations might be really fast in my opinion my biggest problem is that one day i might lose a lot of money i think if the price goes down a lot

In bitcoin, volume and volatility may continue to drop sometimes but it doesn't mean that it will continue the same always, patience is the main factor you need at this moment.

you dont need to relay how long bitcoin to hold its always depends in demand and supply and yeah it needs patience we dont know when the price will high and we dont know when the price of bitcoin will be low..
That is i think one of the common problem of bitcoin..

KingTylerVVS

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

what problem do you have in bitcoin.

main problem in my opinion is lack of a universal adoption and ease of understanding by the public en mass.

Coinbase and Shift Visa are helping a lot to alleviate that.

Bitcoinsummoner

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Quote from: coinzat on July 06, 2016, 12:56:16 PM

the unstable prices are my main problem with bitcoin. but it does not always work against me because the prices goes up and down. and I think the price won't be stable soon at all

Bitcoin price will never be stable because its always depends in supply and demand.. dont relay how long bitcoin will live just check how bitcoin is indemand.

2legit2

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Quote from: mishra1994 on July 06, 2016, 07:04:49 AM

The only problem i think is some times it takes a lot of time for the transaction to get confirmed in blockchain.Despite that bitcoin is the best.And if we pay the recommended fee then we dont have to face this problem as well.

i got this problem too, i sometimes have to wait a lot of time until my transactions get confirmed and they appear on the website, it would be really cool to be honest if we didnt have to wait

Bit_Happy

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

what problem do you have in bitcoin.

Extremely long waits for a first confirmation (some of the time) can be a huge problem if your vendor requires at least one full confirmation.
In those cases, certain alt coins simply do a much better job.

It will be exciting to see if Bitcoin can solve some of it's "core" issues. Cheesy

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