Topic: What is big problem in using of bitcoin - page 8. (Read 38695 times)
I do not have any problem in using bitcoin, for me its have great services that people likes bitcoin, or it is depending on the bitcoin wallet services because all things can make easy by using our bitcoin online wallet.
What's a big problem? People using bitcoins to buy illegal stuff 
With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.
I have never encountered small transactions getting lost. Please post a proof or something. Because as I look at how Bitcoin works, almost everything is perfect especially when sending/receiving money. The exact amount that you sent minus the transaction fee will be received by the other person without losing any amount at all. There's no shady stuffs going on in blockchain that would cause losing small transactions. Yeah I have never faced any issue with the amount of bitcoins being sent or received, its perfectly fine and if that happens regularly then people will stop having faith in bitcoin transactions I guess.
With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.
I have never encountered small transactions getting lost. Please post a proof or something. Because as I look at how Bitcoin works, almost everything is perfect especially when sending/receiving money. The exact amount that you sent minus the transaction fee will be received by the other person without losing any amount at all. There's no shady stuffs going on in blockchain that would cause losing small transactions.
With bitcoin sometimes small transactions can get lost and takes ages to return to you that's one problem I have and also that we can't use it in so many places yet but that's not really the fault of bitcoin I guess.
the biggest problem is safe storing of our bicoins
What an a big problem if your problem is safe storing of our bitcoin it is safe in blockchain we all know that blockchain now if very safe and it can't hack anymore or maybe there having maintenance weekly or daily for the safest of our bitcoin for me it was easy to use blockchain nowadays.Yes saving bitcoins is not a problem as we have some good wallets with high level of security that keeps our bitcoins safe in wallet and won't be easy for any hacker to hack them.
the biggest problem is safe storing of our bicoins
What an a big problem if your problem is safe storing of our bitcoin it is safe in blockchain we all know that blockchain now if very safe and it can't hack anymore or maybe there having maintenance weekly or daily for the safest of our bitcoin for me it was easy to use blockchain nowadays. For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.
Copy paste bitcoin address should not be a problem and if its a problem for you then that is really weird, those are the basic things in bitcoin and if we cannot take care then its better to leave the place.
For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.
If you really need some bitcoins fast, then you can add some miners fee to make it to the priority. That is the only way "as of now".
Using web wallets that offers a coverage of transaction fees is not a good idea if people want's an instant transactions.
I can confirm that. Personally, I've never had any issues with Coinbase which I use occasionally (they cover the fees), but when I had been trading at Bitfinex slightly over a year ago, I ran right into this mess. Bitcoin withdrawals were free at Bitfinex back then, which meant that the exchange had been paying the fee for you. Needless to say that they were trying to minimize their expenditures as much as possible by paying minimal fees, and when I tried to withdraw around 1 BTC to grasp at an opportunity of making quick bucks through arbitrage, my (their) transaction got stuck for two days...
Ironically, when it eventually went through, the price had changed yet more in my favor, and I booked even greater profits at the end of the day
For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.
If you really need some bitcoins fast, then you can add some miners fee to make it to the priority. That is the only way "as of now".
Using web wallets that offers a coverage of transaction fees is not a good idea if people want's an instant transactions.
For me there ain't that big of a problem for me in using bitcoin. The only problem I got sometimes is the slow confirmation time of transactions when I need bitcoin fast. It is slow sometimes but it is fast sometimes. I also find it hard sometimes when I copy paste the wrong bitcoin address, but it ain't that much of a problem for me now since I recheck the btc address before sending bitcoin.
I think the problem in using of bitcoin is the price of bitcoin that always changed every hours. It's good for a trader, but it's not good for me that always buying bitcoin every week.
it depends on what you are doing with your coins. if you are constantly spending them, then i can agree that a volatile price is not always wanted by you. but if you just save your coins for the long term, then simply ignore the volatility and try to use it in your advantage by trading from time to time. this is of course assuming you have at least a basic understanding of trading.
I find sometimes that the blockchain is really constipated and it can take ages for my payments to be confirmed so something needs to happen to get the blockchain moving faster and I don't know if developers are working on this or not but it would be nice to get a fix on it I think.
What was the longest time you waited for a conformation? I'm asking because it never was an issue for me: all the transactions were going almost immediately or were taking 20 minutes max. Just make sure you've included a decent transaction fee and then it should go fast. This doesn't mean you should pay big money to have a fast transaction, in most cases 10k sats (which is $0.06) is enough.It really depends on what wallet are you using , for me im using blockchain.info wallet which automatically deducts fee from each transfer , as you said confirmation/transfer times are not too slow just like what you said 20 mins would be the max but sometime i do experiencing much longer like for 30-45 mins, i dont really know why but the most important thing for me that i could able to recieve the money.
I think only few times it takes long for transaction to get confirmed but if we add additional fees then it won't take longer time for confirmation, so I don't think its big problem at a moment.
I find sometimes that the blockchain is really constipated and it can take ages for my payments to be confirmed so something needs to happen to get the blockchain moving faster and I don't know if developers are working on this or not but it would be nice to get a fix on it I think.
What was the longest time you waited for a conformation? I'm asking because it never was an issue for me: all the transactions were going almost immediately or were taking 20 minutes max. Just make sure you've included a decent transaction fee and then it should go fast. This doesn't mean you should pay big money to have a fast transaction, in most cases 10k sats (which is $0.06) is enough.It really depends on what wallet are you using , for me im using blockchain.info wallet which automatically deducts fee from each transfer , as you said confirmation/transfer times are not too slow just like what you said 20 mins would be the max but sometime i do experiencing much longer like for 30-45 mins, i dont really know why but the most important thing for me that i could able to recieve the money.
I think the problem in using of bitcoin is the price of bitcoin that always changed every hours. It's good for a trader, but it's not good for me that always buying bitcoin every week.
I think you should also start trading with small amount and start collecting small profits on regular basis and that will give you feeling of satisfaction and then it won't be problem for you anymore.
I think the problem in using of bitcoin is the price of bitcoin that always changed every hours. It's good for a trader, but it's not good for me that always buying bitcoin every week.
I find sometimes that the blockchain is really constipated and it can take ages for my payments to be confirmed so something needs to happen to get the blockchain moving faster and I don't know if developers are working on this or not but it would be nice to get a fix on it I think.
What was the longest time you waited for a conformation? I'm asking because it never was an issue for me: all the transactions were going almost immediately or were taking 20 minutes max. Just make sure you've included a decent transaction fee and then it should go fast. This doesn't mean you should pay big money to have a fast transaction, in most cases 10k sats (which is $0.06) is enough. the biggest problem is safe storing of our bicoins
Storing bitcoins safely is not an issue if you spare some of your precious time to properly investigate available options. I refer to using so-called cold wallets (cold storage). To my knowledge, the safest way is to create the keys for your wallet offline and never bring this wallet online later. I mean the device which keeps the keys (personal computer, or whatever) should never be connected to Internet (at least, after you generate the keys). In this way, you can be 100% sure that your coins won't get stolen...
Unless someone brute-forces the wallet, of course
the biggest problem is safe storing of our bicoins
- Price Stability is not much
- If send wrongly then cannot get back
- Easily can be misuse
- If send wrongly then cannot get back
- Easily can be misuse
The unstable price of bitcoin is really not a problem at all because we can earn profits with that if we are traders, you should not just see it as a spender but you should see it as an investor too, if you are investing for trading purposes then stable prices wont work for you at all.
And misuse of a currency is not a problem occuring by a currency itself but it is because of the people using it in a bad way, so the currency does not have anything to do with that.
But most bitcoin investors is not good traders so they like prices growing slow and study. But for traders, as you said they could make a lot of money if prices fluctuate more. Because of its anonymous transaction facility, people are misusing it, but it 's hard to do with other fiat currency.
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