What is big problem in using of bitcoin - page 39.

eddyubachs

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Quote from: neochiny on June 25, 2016, 04:22:21 PM

Quote from: SquallLeonhart on June 25, 2016, 03:38:24 PM

Quote from: hermanhs09 on June 25, 2016, 03:35:30 PM

Quote from: rphk on June 25, 2016, 06:40:28 AM

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

Majority of people will not love price stability in bitcoins as it will never allow them to grab profits on tiemly basis, and if gets stable then many people will stop using bitcoins.

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Quote from: SquallLeonhart on June 25, 2016, 03:38:24 PM

Quote from: hermanhs09 on June 25, 2016, 03:35:30 PM

Quote from: rphk on June 25, 2016, 06:40:28 AM

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

agreed!!! huge fluctuation of price is quite troublesome lot of people that want to try bitcoin are having doubt because
of fluctuation but this problem will not vanish because of the deflation system that bitcoin has every halving bitcoins fund
get cut in half so the demand of btc rise, but if btc is able to achieve stability between this halving time bitcoin will gain more
popularity.

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Quote from: Indrawan77 on June 25, 2016, 12:18:27 AM

One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

ya, i think now even with some high fees, bitcoin still need time for transaction to get confirmed. when i try with 2 different fees, both of my transaction need same time to get confirmed even used different fees

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Quote from: hermanhs09 on June 25, 2016, 03:35:30 PM

Quote from: rphk on June 25, 2016, 06:40:28 AM

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

Price fluctuations is the the only problem I see with bitcoin at a moment, as you never know when you should sell your coins, as it keeps on fluctuating on regular basis.

hermanhs09

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Quote from: rphk on June 25, 2016, 06:40:28 AM

i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

It should become more popular but you really dont know when it comes to the stock itself you could be really tired one day with your btc after watching the market all day and night and then you're like "it's gonna stay stable for the night" Wake up next morning and btc is $1 and you just cry because you had over 3000 usd invested..You cannot rely on btc to jump up and down like that.

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i do not see any problem related to bitcoin , but it is not regularized properly in my country , if that is sorted out then there will no issue .bitcoin is the easiest way of transaction on digital currency.Bitcoin should become more popular.

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Quote from: novemberwoah on June 25, 2016, 12:00:09 AM

Quote from: clickerz on June 24, 2016, 09:20:03 PM

Quote from: chineseprancing on June 21, 2016, 06:46:23 AM

Quote from: ?? on ??

Well I got no problem in using bitcoin. I easily convert it to real cash, and use it for other purposes. Well for me it's not a problem its a problem solver.

About the transaction confirmation? You doesn't experience a problem in transaction confirmation? For me transaction confirmation is the most problem in bitcoins

I think so, this transaction confirmation and delays causes a lot of concerns. Some time it takes days to clear the funds and if you need it immediately you have nothing to but be patience and wait. BUT they say you can increased the fee so that your transaction will be given high priority in the blockchain to confirm.

Yes true I also have experienced transaction was delayed and it was very boring. Perhaps the problem that must be overcome to bitcoin users more comfortable.

Delay in transactions sometimes can be frustrating on the part of the user but apart from it, there is no drawback in bitcoins

StoreBit

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I think I have no big problem related to bitcoin. but the little ones are that of the transection problem and the wallet security problem. one more problem is that of the legalization problem of bitcoin by the states. i think if these problems are resolved i think bitcoin will become the king of crypto currencies.

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Quote from: nitesh1995p on June 25, 2016, 12:36:18 AM

The only problem i face is sometimes it takes alot of times many hours for the transaction to be confirmed.The recommended fee is sometimes really high if we are sending small amount of bitcoins then there is a bit problem...also btc price has increased so the fee value has become more as well..otherwise i love bitcoin

Then always try to make a transaction in bulk form as much as possible.

In that way you can save transaction fees rather than doing a regular small amount transaction.

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Quote from: owm123 on June 25, 2016, 03:58:43 AM

Quote from: Mickeyb on August 24, 2015, 07:19:40 AM

Quote from: Nextgen on August 24, 2015, 07:06:15 AM

The main problem of Bitcoin is its vulnerability .. by that i mean it is too easy for a skilled hacker to take out coins from people who are new to it or even average users too and when looking from the other side it is also vulnerable as the rates literally fuctuates about 40% every month ..this is something that is beneficial for the people who are into trading but for the rest of the people who use it for other purposes rather than trading might have to face the worst circumstances.

^^ This! Security is still the main problem and the biggest challenge for the mainstream adoption in my opinion. People just suck in online security, that is proven numerous times. We need to progress a lot in this field if we want the average Joe to put his hands on bitcoins. I mean, Bitcoin is not bank that they will reimburse you if you get hacked. Here, when you screw over you have screwed and lost your coins.

In the cotrary, in Bitcoin you are your own bank. If you lose your coins, its only your fault as you are fully resposbile for your own money.

If bitcoin wallet is our own bank then we will surely take care of it in the best way, and its not easy for any hacker to hack our wallet and steal our coins.

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Quote from: Mickeyb on August 24, 2015, 07:19:40 AM

Quote from: Nextgen on August 24, 2015, 07:06:15 AM

The main problem of Bitcoin is its vulnerability .. by that i mean it is too easy for a skilled hacker to take out coins from people who are new to it or even average users too and when looking from the other side it is also vulnerable as the rates literally fuctuates about 40% every month ..this is something that is beneficial for the people who are into trading but for the rest of the people who use it for other purposes rather than trading might have to face the worst circumstances.

^^ This! Security is still the main problem and the biggest challenge for the mainstream adoption in my opinion. People just suck in online security, that is proven numerous times. We need to progress a lot in this field if we want the average Joe to put his hands on bitcoins. I mean, Bitcoin is not bank that they will reimburse you if you get hacked. Here, when you screw over you have screwed and lost your coins.

In the cotrary, in Bitcoin you are your own bank. If you lose your coins, its only your fault as you are fully resposbile for your own money.

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Quote from: Nowl1935 on June 25, 2016, 03:38:38 AM

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

what problem do you have in bitcoin.

The hyips, the scammers, the late transactions, etc. For me, that's the biggest problem i ever had in using of bitcoin, because I always got scam, or the transactions are late. I hate when the transactions is late because i need the money in time but it's delay because of traffic in blockchain.

If you already know that they are scammers then it doesn't make any sense to invest your money into it, try to stay away from them and its better to hold your coins instead of investing it anywhere.

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

what problem do you have in bitcoin.

The hyips, the scammers, the late transactions, etc. For me, that's the biggest problem i ever had in using of bitcoin, because I always got scam, or the transactions are late. I hate when the transactions is late because i need the money in time but it's delay because of traffic in blockchain.

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The only problem i face is sometimes it takes alot of times many hours for the transaction to be confirmed.The recommended fee is sometimes really high if we are sending small amount of bitcoins then there is a bit problem...also btc price has increased so the fee value has become more as well..otherwise i love bitcoin

Indrawan77

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One of the main problem is the transaction speed and the confirmation problem, but my problem with bitcoin is too many scamming in bitcoin, a lot of people using bitcoin in a wrong way

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Quote from: novemberwoah on June 25, 2016, 12:00:09 AM

Quote from: clickerz on June 24, 2016, 09:20:03 PM

Quote from: chineseprancing on June 21, 2016, 06:46:23 AM

Quote from: ?? on ??

Well I got no problem in using bitcoin. I easily convert it to real cash, and use it for other purposes. Well for me it's not a problem its a problem solver.

About the transaction confirmation? You doesn't experience a problem in transaction confirmation? For me transaction confirmation is the most problem in bitcoins

I think so, this transaction confirmation and delays causes a lot of concerns. Some time it takes days to clear the funds and if you need it immediately you have nothing to but be patience and wait. BUT they say you can increased the fee so that your transaction will be given high priority in the blockchain to confirm.

Yes true I also have experienced transaction was delayed and it was very boring. Perhaps the problem that must be overcome to bitcoin users more comfortable.

the delayed confirmation of bitcoin it's depend about how much your fee, how much your bitcoin send.
i think if you give the normal fee it's can be confirmed in 30minute or less.

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Quote from: clickerz on June 24, 2016, 09:20:03 PM

Quote from: chineseprancing on June 21, 2016, 06:46:23 AM

Quote from: ?? on ??

Well I got no problem in using bitcoin. I easily convert it to real cash, and use it for other purposes. Well for me it's not a problem its a problem solver.

About the transaction confirmation? You doesn't experience a problem in transaction confirmation? For me transaction confirmation is the most problem in bitcoins

I think so, this transaction confirmation and delays causes a lot of concerns. Some time it takes days to clear the funds and if you need it immediately you have nothing to but be patience and wait. BUT they say you can increased the fee so that your transaction will be given high priority in the blockchain to confirm.

Yes true I also have experienced transaction was delayed and it was very boring. Perhaps the problem that must be overcome to bitcoin users more comfortable.

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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.

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Quote from: chineseprancing on June 21, 2016, 06:46:23 AM

Quote from: ?? on ??

Well I got no problem in using bitcoin. I easily convert it to real cash, and use it for other purposes. Well for me it's not a problem its a problem solver.

About the transaction confirmation? You doesn't experience a problem in transaction confirmation? For me transaction confirmation is the most problem in bitcoins

I think so, this transaction confirmation and delays causes a lot of concerns. Some time it takes days to clear the funds and if you need it immediately you have nothing to but be patience and wait. BUT they say you can increased the fee so that your transaction will be given high priority in the blockchain to confirm.

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