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Topic: What is big problem in using of bitcoin - page 40. (Read 38684 times)

sr. member
Activity: 294
Merit: 250
The unstable  price of bitcoin I think.. cause there are some  people  who uses bitcoin sells it .. panicing when bitcoin goes down and  making them lose more money ..

Yes, i fully agree the fluctuation is insane some days it is $700 then the other it will go to $500 you can just never really tell when it comes to btc but that's also the exciting part about it, gambling gambling pretty much.

You gamble with BTC then take a gamble with the stock itself.

Yes that definitely is also a big problem but i doubt that it is a main issue, that is what people really enjoy, the rush of the fluctuation and such so you cant really say that because thats why some people even use btc.

Gambling like that by gambling the major fluctuations is not a bad idea but you also have to know if you invest you're bound to make more money. You have to look at people that want fast and slow profit.

If you invest you probably would make more money but that's really dependent on the certainty that you'll make some profit out of it and there is no certainty to make money out of btc and i think that's one of the bigger issues for people that use btc daily.
hero member
Activity: 574
Merit: 500
The unstable  price of bitcoin I think.. cause there are some  people  who uses bitcoin sells it .. panicing when bitcoin goes down and  making them lose more money ..

Yes, i fully agree the fluctuation is insane some days it is $700 then the other it will go to $500 you can just never really tell when it comes to btc but that's also the exciting part about it, gambling gambling pretty much.

You gamble with BTC then take a gamble with the stock itself.

Yes that definitely is also a big problem but i doubt that it is a main issue, that is what people really enjoy, the rush of the fluctuation and such so you cant really say that because thats why some people even use btc.

Gambling like that by gambling the major fluctuations is not a bad idea but you also have to know if you invest you're bound to make more money. You have to look at people that want fast and slow profit.
sr. member
Activity: 294
Merit: 250
The unstable  price of bitcoin I think.. cause there are some  people  who uses bitcoin sells it .. panicing when bitcoin goes down and  making them lose more money ..

Yes, i fully agree the fluctuation is insane some days it is $700 then the other it will go to $500 you can just never really tell when it comes to btc but that's also the exciting part about it, gambling gambling pretty much.

You gamble with BTC then take a gamble with the stock itself.

Yes that definitely is also a big problem but i doubt that it is a main issue, that is what people really enjoy, the rush of the fluctuation and such so you cant really say that because thats why some people even use btc.
hero member
Activity: 574
Merit: 500
The unstable  price of bitcoin I think.. cause there are some  people  who uses bitcoin sells it .. panicing when bitcoin goes down and  making them lose more money ..

Yes, i fully agree the fluctuation is insane some days it is $700 then the other it will go to $500 you can just never really tell when it comes to btc but that's also the exciting part about it, gambling gambling pretty much.

You gamble with BTC then take a gamble with the stock itself.
sr. member
Activity: 294
Merit: 250
One of the biggest problems in using bitcoin is probably the irreversibility of it as a payment processor. This is both good and bad for bitcoin, because if you are a buyer then you must trust the other guy completely.

But if you are the seller, then this means extra protection for you.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
Complete BTC transaction time can be up to 24 hours and more. It is one of largest problems in using BTC.  Wink

yeah, is there any factors that contributes the speed to complete the transaction confirmation?
In my knowledge reliable fee can make your transaction is getting fast rather than you give a little fee, the limited block can make confirmation transaction is too long. be patience to wait for it.
sr. member
Activity: 266
Merit: 250
One world One currency, Bitcoin.
i think bitcoin is not established at my area and thats why i can not spend my coins freely. i hope and will try to do something for it
member
Activity: 70
Merit: 10
★YoBit.Net★ 350+ Coins Exchange & Dice
The unstable  price of bitcoin I think.. cause there are some  people  who uses bitcoin sells it .. panicing when bitcoin goes down and  making them lose more money ..
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
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

Transaction confirmation is not at all an big issue. In my view the price fluctuations happening without any notification is the only problem which is felt rarely.
hero member
Activity: 630
Merit: 500
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
legendary
Activity: 1442
Merit: 1000
the main problem is still how much trouble it is to acquire bitcoin.

You have to meet up in person or risk getting scammed or pay way over the
going ask.

until its easier to get bitcoin that will always be the biggest problem
hero member
Activity: 630
Merit: 500
what problem do you have in bitcoin.
For me its all about the transactions. last week i have a 38 hour transaction. Its too long to get into my wallet. for me that is the major problem for bitcoin.
hero member
Activity: 560
Merit: 500
what problem do you have in bitcoin.
The problem I have with my bitcoin is inaccessible stretch of great value to the bitcoin, then the one when you transfer one other wallet, they hold the confirmation,
full member
Activity: 126
Merit: 100
 The problem means the first problem is our country not allowed this Bitcoin as legal currency and next one is the price of Bitcoin it is not stable so in this time we get confuse we have to hold our coin or we sell it and make profit how much it possible. so this is the problem we are daily facing other wise Bitcoin is super. Very easy to use and transfer. Now some casino's are creating own currency if it happen in all casino what is the situation of Bitcoin this is also one problem.
hero member
Activity: 518
Merit: 500
I have to go with what many are saying, transaction times are not as quick as we would want them to be. In this day and age, and considering that bitcoin is a tech-driven currency, the more that it should be able to handle faster transactions. What more if the number of people using bitcoin to transact multiply by three-fold, then there must be a solution to this slow transaction process.
sr. member
Activity: 1008
Merit: 297
Grow with community
Complete BTC transaction time can be up to 24 hours and more. It is one of largest problems in using BTC.  Wink

yeah, is there any factors that contributes the speed to complete the transaction confirmation?
hero member
Activity: 924
Merit: 500
as I can see the fluctuation is not actually the main problem.  perhaps,  Bitcoins
just need more innovations. Cheesy
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
Complete BTC transaction time can be up to 24 hours and more. It is one of largest problems in using BTC.  Wink
I thought it was not that long? I have never experienced it. The most long time to wait for confirmation that I have ever experienced is about 4 hours. and it was quite irritated me. but usually the confirmation will take 15 minutes. halving probably will fix it ?

Confirmation issue will be resolved in future and to be honest may be I am lucky that I never faced delay in confirmation, my transactions gets confirmed in maximum 20 minutes.

That is my hope. But the dicussion about solving the issue has been on for two years, nothing is done to solve it.

Yeah and I don't think that will be resolved in future too, but I think that is not a big problem as there are many other benefits attached with bitcoin, and I think we should concentrate on it.
sr. member
Activity: 242
Merit: 250
Complete BTC transaction time can be up to 24 hours and more. It is one of largest problems in using BTC.  Wink
I thought it was not that long? I have never experienced it. The most long time to wait for confirmation that I have ever experienced is about 4 hours. and it was quite irritated me. but usually the confirmation will take 15 minutes. halving probably will fix it ?

Confirmation issue will be resolved in future and to be honest may be I am lucky that I never faced delay in confirmation, my transactions gets confirmed in maximum 20 minutes.

That is my hope. But the dicussion about solving the issue has been on for two years, nothing is done to solve it.
hero member
Activity: 952
Merit: 1000
Complete BTC transaction time can be up to 24 hours and more. It is one of largest problems in using BTC.  Wink
I thought it was not that long? I have never experienced it. The most long time to wait for confirmation that I have ever experienced is about 4 hours. and it was quite irritated me. but usually the confirmation will take 15 minutes. halving probably will fix it ?

Confirmation issue will be resolved in future and to be honest may be I am lucky that I never faced delay in confirmation, my transactions gets confirmed in maximum 20 minutes.
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