What is big problem in using of bitcoin - page 41.

blackmachinegun

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Quote from: HeroCat on June 17, 2016, 07:58:08 AM

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 ?

chaosknight

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Quote from: NewInCryptoCurrency on June 17, 2016, 03:48:05 PM

To me bitcoin's problem is security. Hackers can exploit users ignorance and steal their money. It's what's making a lot of people afraid.
Me included.

I don't think that bitcoin is unsecured as the day I started using bicoin, I haven't lost a single penny and no one has stolen my coins yet, you need to use good and secure wallet to store your bitcoins.

Hazir

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Quote from: NewInCryptoCurrency on June 17, 2016, 03:48:05 PM

To me bitcoin's problem is security. Hackers can exploit users ignorance and steal their money. It's what's making a lot of people afraid.
Me included.

It is not problem of 'bitcoin' it is problem of users of bitcoin. Bitcoin as a network so far have been proven to sustain any kind of attack (unlike some other popular altcoin recently).
You can't take over a bitcoin network, you can't manipulate or create fraudulent bitcoin. The only exploit possible is maybe double spending and that is only possible if you are dealing with 0-confirmation service.

NewInCryptoCurrency

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To me bitcoin's problem is security. Hackers can exploit users ignorance and steal their money. It's what's making a lot of people afraid.
Me included.

Barbut

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

what problem do you have in bitcoin.

With bit coins is like with money, never enough. So basically it's only problem I have with btc.
When I think about it I don't see the point of this thread. What ever problem you have with btc, I'm 100 % sure that you had same problem with any other currency. Maybe even worse things can happen with dollar, or euro... turn it upsidedown and you will see that btc is better currency, at least it young so it didn't have time to get dirty, like other currencies.

terman45x

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Quote from: GamingBro on June 17, 2016, 03:31:15 PM

For me the main problem is that i can't spend my money and that for buy something i need to wait so long. And also that transaction confiramation time is so annoying.

Confirmation time is not a major problem for me but one thing is sure that I am not able to spend it anywhere physically, my spending is limited digitally.

GamingBro

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For me the main problem is that i can't spend my money and that for buy something i need to wait so long. And also that transaction confiramation time is so annoying.

0day

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Quote from: HeroCat on June 17, 2016, 07:58:08 AM

Complete BTC transaction time can be up to 24 hours and more. It is one of largest problems in using BTC. Wink

yeah, I am also facing the same problem nowadays, yesterday I have requested some bitcoins and that amount took about more than 12 hours to get first confirmation.

serjent05

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I think one of the big problem in using bitcoin is that it needs an internet to use it, brodcast and confirm the transaction. As we know lots of rural area in different country have problem accessing internet. So with this unsolved, this will be one of the big problem in using bitcoin. Though i read about some thread, https://bitcointalksearch.org/topic/offline-transactions-and-bluetooth-278237, that tells about using bluetooth to transfer bitcoin, but at the end it still needs internet for the transaction to be confirmed by the network.

phreaky

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I love the bitcoin but I hate waiting on the confirmations so that is true.. its very annoying and it sometimes also takes so long with low fee's transactions.

Legasean

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Investing isn't a worthy thing I do say,you get a cent by spending a ton,need so much time, even you're investing on a trusted site it's still have a risk.
Now i'm doing trading and the result is pretty decent compared to investing,and I think buying an altcoin and hold it till the price rising up is kind of investing,didn't it?

worhiper_-_

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I wouldn't call it a problem exactly. but as others may have stated i am really worried whether i should keep my coins or spend them.because of the price going up and down.
but , oh well.. there is always a risk.

HeroCat

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Complete BTC transaction time can be up to 24 hours and more. It is one of largest problems in using BTC. Wink

Bokelka

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Quote from: klf on June 16, 2016, 04:42:13 AM

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.

Many countries do not regard the bitcoin as legal currency. You cannot mark the price of goods in bitcoin.

novemberwoah

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Quote from: Dakron on June 16, 2016, 04:13:36 AM

Quote from: StoreBit on June 16, 2016, 01:20:34 AM

Quote from: JumperX on June 15, 2016, 09:23:53 PM

Quote from: outatime1 on June 15, 2016, 09:18:26 PM

For me one of the biggest issues is security. I know it is supposedto be very secure, but if you want to do any trading on an exchange you take a risk. If you want to just hold bitcoin on paper wallets, you risk losing the private keys. There's always some risk of losing it all.

If you cannot take care of your private keys then its your problem, you cannot blame bitcoin for that, as I never faced any issue with any of my wallet till date.

i think its your broblem not of bitcoin. the bitcoin related problem is the transection i think . if this problem problem is solved i think every thing will be ok/

I do not have any problem encounter in bitcoin. i think your problem is the delay on confirmation but this is usual thing in online they need to secure all the transaction to process

Yes I too have experienced it and to be honest it was very disturbing.
But it is reasonable in online. Perhaps the major issue only in it.

klf

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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.

Dakron

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Quote from: StoreBit on June 16, 2016, 01:20:34 AM

Quote from: JumperX on June 15, 2016, 09:23:53 PM

Quote from: outatime1 on June 15, 2016, 09:18:26 PM

For me one of the biggest issues is security. I know it is supposedto be very secure, but if you want to do any trading on an exchange you take a risk. If you want to just hold bitcoin on paper wallets, you risk losing the private keys. There's always some risk of losing it all.

If you cannot take care of your private keys then its your problem, you cannot blame bitcoin for that, as I never faced any issue with any of my wallet till date.

i think its your broblem not of bitcoin. the bitcoin related problem is the transection i think . if this problem problem is solved i think every thing will be ok/

I do not have any problem encounter in bitcoin. i think your problem is the delay on confirmation but this is usual thing in online they need to secure all the transaction to process

StoreBit

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Quote from: JumperX on June 15, 2016, 09:23:53 PM

Quote from: outatime1 on June 15, 2016, 09:18:26 PM

For me one of the biggest issues is security. I know it is supposedto be very secure, but if you want to do any trading on an exchange you take a risk. If you want to just hold bitcoin on paper wallets, you risk losing the private keys. There's always some risk of losing it all.

If you cannot take care of your private keys then its your problem, you cannot blame bitcoin for that, as I never faced any issue with any of my wallet till date.

i think its your broblem not of bitcoin. the bitcoin related problem is the transection i think . if this problem problem is solved i think every thing will be ok/

Nouelle-Hunter

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it depends upon the handler . we have different perspective on something so I guess it depend but for theres no problem in using bitcoins.

tyagi

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well the biggest problem is no one use bitcoin as a mode of payment in my country

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