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Topic: What is big problem in using of bitcoin - page 5. (Read 38655 times)

full member
Activity: 239
Merit: 250
October 03, 2016, 01:42:28 PM
Problems arose this summer after the price drop in bitcoin. Only I will not say that this is a problem bitcoin. This is my problem because of no knowledge of the market and the general situation. I sold everything that was and it turns out that nothing is done.
hero member
Activity: 518
Merit: 500
October 02, 2016, 02:00:52 PM
Since bitcoin is decentralized money and so government could ban the digital money at any time so if this really happens then our hard earned money would go in water and we may give bye to cryptocurrency and our hard earned money. I hope this won't happen in my country i am very much dependent on bitcoin for my pocket money and some savings

Even if Government bans bitcoin in future, people will find the ways to earn it and use it using vpn services and it is decentralized  currency so I don't think that Government can ever have control on it.
because the government will never be able to control so that they are ban the existence bitcoin just a bit of a problem but does not affect anything and to date bitcoin users can still survive despite the government in some countries prohibit the use bitcoin hard now. I have a little bit of hope that one day the government of all countries in the world want to recognize the existence of bitcoin either as investment or currency.
sr. member
Activity: 504
Merit: 250
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October 02, 2016, 01:16:45 PM
Since bitcoin is decentralized money and so government could ban the digital money at any time so if this really happens then our hard earned money would go in water and we may give bye to cryptocurrency and our hard earned money. I hope this won't happen in my country i am very much dependent on bitcoin for my pocket money and some savings
well you are right, no people would be using crypto then in my opinion, for me there are no problems
legendary
Activity: 1456
Merit: 1023
October 02, 2016, 12:58:27 PM
I don't have any problem with using Bitcoin. Only thing is the price of the Bitcoin. I am not sure when it will go up/down. So I am bit scared to do business with this Bitcoin. That's it rest of thing is very nice.
hero member
Activity: 756
Merit: 500
October 02, 2016, 12:48:05 PM
The acception of government is my biggest problem while using bitcoin in my country. My government does not like people to use bitcoin. As the results, there aren't any shops or store which allow people to use bitcoin to buy stuff.

That is actually not a problem in usage of bitcoin but that is something which yet has not come to being, because not in all countries bitcoin is accepted yet but there are just a few countries where it is physically accepted, so it is yet to come.
hero member
Activity: 501
Merit: 500
October 02, 2016, 12:46:05 PM
At least for me, one of the biggest problems is that the confirmations, in different cases, are taking too long.
sr. member
Activity: 420
Merit: 250
October 02, 2016, 12:38:56 PM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.
yeah sometimes it pisses me off because I had to wait a few minutes, perhaps up to an hour to get one confirmation only. Sometimes it makes me so angry
hero member
Activity: 2436
Merit: 516
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October 02, 2016, 12:23:07 PM
Sometimes I wonder how people handle the bad news of bitcoin crash in price, considering government policies. And this happen often in the period of economic crises across the world. How do u react to it most especially now?
hero member
Activity: 756
Merit: 500
October 02, 2016, 12:11:03 PM
the confirmation time after you send the BTC, and the safety the online wallet service i use
some of other minor problem as well
sr. member
Activity: 555
Merit: 252
October 02, 2016, 12:06:27 PM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.

This is really one of the concerns of people especially merchants when using bitcoin.  The  waiting time for the confirmation for the transaction so that bitcoin will be credited.  As far as I know they lots of altcoin have establish a faster confirmation time of transaction that may give them an edge against bitcoin if bitcoin will not resolve this annoying feature of bitcoin.

Yeah and I think that issue should be resolved soon or else even if bitcoin starts getting accepted at physical places people will not prefer to spend them due to delay in confirmation time.
We must give some time to all the people including merchants so that they will come knowing about bitcoin and they will adopt bitcoin payments for their business. Bitcoin is relatively young so many merchants are fearing to adopt it as their one of payment option.
newbie
Activity: 66
Merit: 0
October 02, 2016, 12:06:04 PM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.

This is really one of the concerns of people especially merchants when using bitcoin.  The  waiting time for the confirmation for the transaction so that bitcoin will be credited.  As far as I know they lots of altcoin have establish a faster confirmation time of transaction that may give them an edge against bitcoin if bitcoin will not resolve this annoying feature of bitcoin.

Yeah and I think that issue should be resolved soon or else even if bitcoin starts getting accepted at physical places people will not prefer to spend them due to delay in confirmation time.

When the bitcoin infrastructure is built, the bitcoin transaction is very fast. So you can do instant transactions.
hero member
Activity: 672
Merit: 500
October 02, 2016, 11:07:24 AM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.

This is really one of the concerns of people especially merchants when using bitcoin.  The  waiting time for the confirmation for the transaction so that bitcoin will be credited.  As far as I know they lots of altcoin have establish a faster confirmation time of transaction that may give them an edge against bitcoin if bitcoin will not resolve this annoying feature of bitcoin.

Yeah and I think that issue should be resolved soon or else even if bitcoin starts getting accepted at physical places people will not prefer to spend them due to delay in confirmation time.
legendary
Activity: 2884
Merit: 1258
October 02, 2016, 10:47:24 AM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.

This is really one of the concerns of people especially merchants when using bitcoin.  The  waiting time for the confirmation for the transaction so that bitcoin will be credited.  As far as I know they lots of altcoin have establish a faster confirmation time of transaction that may give them an edge against bitcoin if bitcoin will not resolve this annoying feature of bitcoin.
hero member
Activity: 868
Merit: 1000
October 02, 2016, 10:35:55 AM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.
Yes it is not much of an issue I've ever experienced in bitcoin. I only ever experienced the same problem as you in trouble with the pending transaction for several days. In addition I have never experienced and hopefully will never experience it.

I think delay in confirmation time is a minor problem attached with bitocoin as there is not always delay in confirmation, sometimes its too fast and sometimes its slow but that can be managed.
hero member
Activity: 1260
Merit: 557
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October 02, 2016, 10:23:19 AM
The acception of government is my biggest problem while using bitcoin in my country. My government does not like people to use bitcoin. As the results, there aren't any shops or store which allow people to use bitcoin to buy stuff.
sr. member
Activity: 812
Merit: 250
October 02, 2016, 10:15:25 AM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.
Yes it is not much of an issue I've ever experienced in bitcoin. I only ever experienced the same problem as you in trouble with the pending transaction for several days. In addition I have never experienced and hopefully will never experience it.
newbie
Activity: 28
Merit: 0
October 02, 2016, 06:21:45 AM
I cannot say that there are some problems to use bitcoin, I'm just affraid about the safety of my wallet.
hero member
Activity: 924
Merit: 1000
October 02, 2016, 05:48:29 AM
Not many problems in using bitcoins but sometimes its annoying to keep on waiting for confirmation time especially at the time of emergencies when you are in desperate need of money.
hero member
Activity: 840
Merit: 1000
October 02, 2016, 05:27:46 AM
Since bitcoin is decentralized money and so government could ban the digital money at any time so if this really happens then our hard earned money would go in water and we may give bye to cryptocurrency and our hard earned money. I hope this won't happen in my country i am very much dependent on bitcoin for my pocket money and some savings

Even if Government bans bitcoin in future, people will find the ways to earn it and use it using vpn services and it is decentralized  currency so I don't think that Government can ever have control on it.
full member
Activity: 238
Merit: 100
October 02, 2016, 05:25:23 AM
Since bitcoin is decentralized money and so government could ban the digital money at any time so if this really happens then our hard earned money would go in water and we may give bye to cryptocurrency and our hard earned money. I hope this won't happen in my country i am very much dependent on bitcoin for my pocket money and some savings
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