What's your biggest problem with Bitcoin - page 16.

peta4e

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Quote from: Senor.Bla on September 03, 2016, 08:59:39 AM

Quote from: greBit on September 03, 2016, 06:50:00 AM

Quote from: Velkro on September 03, 2016, 06:34:49 AM

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.

well, the whole bubble and big crash afterwords can be very profitable if you are a trader and know what you are doing. but more price stability is for most people a big thing and it would be fore sure a big improvement for bitcoins adoption.

Yeah people who wants to invest their money in bitcoins will be satisfied if they see stable price, as they will not hesitate in investing and will have a feeling that their money is safe.

Labumi

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Quote from: Senor.Bla on September 03, 2016, 08:59:39 AM

Quote from: greBit on September 03, 2016, 06:50:00 AM

Quote from: Velkro on September 03, 2016, 06:34:49 AM

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.

well, the whole bubble and big crash afterwords can be very profitable if you are a trader and know what you are doing. but more price stability is for most people a big thing and it would be fore sure a big improvement for bitcoins adoption.

Something profitable is something we have a requirement to be met. In the bitcoin, if we are to profit or benefit from what you're talking about, then you have to have a lot of bitcoin. without the bitcoin, then all the things you are talking about would be something stories or fairy tales. Stay focused on how to get a lot of bitcoin and don't ever give up

Senor.Bla

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Quote from: greBit on September 03, 2016, 06:50:00 AM

Quote from: Velkro on September 03, 2016, 06:34:49 AM

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.

well, the whole bubble and big crash afterwords can be very profitable if you are a trader and know what you are doing. but more price stability is for most people a big thing and it would be fore sure a big improvement for bitcoins adoption.

1Referee

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Quote from: Velkro on September 03, 2016, 06:34:49 AM

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok

You're here long enough to know that the current price is far from low as you call it. You don't see what kind of effort is required just to keep the price at current levels. If you knew, then you wouldn't call the current price low. 2MB blocks will surely come, it's just a matter of "when" this year, or next year. The current 0.13.0 client has segwit implemented, but it's just sitting in the background without doing anything yet. We can only wait for the day this feature get triggered.

greBit

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Quote from: Velkro on September 03, 2016, 06:34:49 AM

My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok

This price cannot be considered as a low price, its a descent price to hold and slow and steady movement is always better then major bubble, as after the bubble, a big crash is surely expected.

Velkro

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My biggest problem is currently low price, but its better than great swings.
Bitcoin should work on bigger blocks coz its needed in near future but devs works on it so everything should be ok

SquallLeonhart

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Quote from: entrepmind23 on September 03, 2016, 06:26:46 AM

I think my biggest problem with bitcoin is the unstable price. The price fluctuates drastically when there are some events that are happening like hacking and then the price will dive and then if I bough when it was still high then I would be at a loss. There are other people or companies also that holds a significant amount of bitcoin and if they decided to buy or sell in bulk then it would have a big impact in the bitcoin price.

Unstable price cannot be considered as an problem but its an opportunity to make profits, buy when price goes down and wait for the right time to sell to make good profits.

Leonard2016

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Quote from: entrepmind23 on September 03, 2016, 06:26:46 AM

I think my biggest problem with bitcoin is the unstable price. The price fluctuates drastically when there are some events that are happening like hacking and then the price will dive and then if I bough when it was still high then I would be at a loss. There are other people or companies also that holds a significant amount of bitcoin and if they decided to buy or sell in bulk then it would have a big impact in the bitcoin price.

i agree with this.
the unstable price is a bad thing.
although it is only good for speculation and making a lot of money when trading bitcoin but if you want to use it as a currency or not good at trading you may lose money.

entrepmind23

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I think my biggest problem with bitcoin is the unstable price. The price fluctuates drastically when there are some events that are happening like hacking and then the price will dive and then if I bough when it was still high then I would be at a loss. There are other people or companies also that holds a significant amount of bitcoin and if they decided to buy or sell in bulk then it would have a big impact in the bitcoin price.

Senor.Bla

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Quote from: Slark on September 02, 2016, 09:42:15 PM

Quote from: BitLinkInvestments on September 02, 2016, 09:31:02 PM

My biggest problem with Bitcoin is the transaction times between sites. Sometime it worries me only because of how long it takes to transfer.

You are talking about confirmation times which is linked to how bitcoin network operates. This value can't be changed without actually upgrading bitcoin protocol itself.
In theory confirmation times of each transaction should be 10 minutes, but recently it is often much more than that. And I agree it is a problem.

But bitcoin devs has some upgrades in mind - am talking here about Segregated Witness introduced in Bitcoin core v0.13. When it will go live BTC confirmations times should be lowered.

i might be misinformed but segregated witness is not supposed to lower the time for a mined block to under 10 minutes. and i think many fell like 10 minutes is to much, because it is annoying to wait if you need a couple of confirmations.

Slark

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Quote from: BitLinkInvestments on September 02, 2016, 09:31:02 PM

My biggest problem with Bitcoin is the transaction times between sites. Sometime it worries me only because of how long it takes to transfer.

You are talking about confirmation times which is linked to how bitcoin network operates. This value can't be changed without actually upgrading bitcoin protocol itself.
In theory confirmation times of each transaction should be 10 minutes, but recently it is often much more than that. And I agree it is a problem.

But bitcoin devs has some upgrades in mind - am talking here about Segregated Witness introduced in Bitcoin core v0.13. When it will go live BTC confirmations times should be lowered.

BitLinkInvestments

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My biggest problem with Bitcoin is the transaction times between sites. Sometime it worries me only because of how long it takes to transfer.

gerXhonza

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Quote from: ?? on ??

THE PRICE IS TOO DAMN HIGH

Price is not that high at a moment, its still affordable to make an investment but if you will see price after next 5 years then it will be beyond our imagination and at that time it will be difficult to buy bitcoins.

Senor.Bla

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Quote from: Cast12 on September 02, 2016, 12:45:56 PM

My biggest problem with Bitcoin is the amount of time to takes to confirm a transaction. Other payment processors such as paypal, neteller, etc. don't have this type of problem as far as I know. But I can understand why the transaction takes a while to confirm since the block related to the transaction needs to be mined first before being confirmed.

since average blocktime is 10 minuets, it usually takes under 10 min for the first confirmation. depending on your fee, which you can influence. also some wallets/services show 0 confirmations. this takes only seconds or less time. the big difference is that once a transaction is in the blockchain there are no backsies. i do not think neteller or poaypal are offering those.

Cast12

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My biggest problem with Bitcoin is the amount of time to takes to confirm a transaction. Other payment processors such as paypal, neteller, etc. don't have this type of problem as far as I know. But I can understand why the transaction takes a while to confirm since the block related to the transaction needs to be mined first before being confirmed.

krishna1

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I do not see any think missing in nowdays wallets or maybe i do not know what else can they include but it would be great if someone can make a wallet app with online chatting feature.but it can also take private keys and show all the transaction details we wan like how much someone send me at the chat window

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Quote from: Gaswuwade on September 02, 2016, 09:25:21 AM

The system is more than amazing, The blockchain system, the wallets etc. etc.. The most annoying thing would be this forum when trolls are trying to make people sell there coins, I guess that shows how good this coin is as money.

It's not a problem. That is a self problem by some users. Speculation are always there but it's up for the person if they will follow the trend.

Trolls will be trolls. Actions will be made by the coin holder.

Achargeturry78

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Just follow the rules

Quote from: sipredrica on June 26, 2015, 11:19:37 PM

Software development team here.
We would like to hear from the community what are the most annoying\frustrating stuff you have with Bitcoin and would love to get a solution for ?
Feel free to talk about any problem, even if it seems unsolvable or too abstract (e.g. Bitcoin is not safe enough for the average user)
Edit:
After reading all the replies, I feel confident summarizing that the #1 problem of Bitcoin is probably lack of adoption.
And the main reasons of lack of adoption are probably ease of use and insufficient security.
We are a team of entrepreneurs and software developers that are going to spend the next following months-year on developing a new product.
One of the most appealing markets for us is the Bitcoin market.
We will try to learn us much as possible from your replies and try to tackle the problems head on.

So my biggest problem with bitcoin is nothing because for me i can easily use it i love it the most whenever i made trasaction sometimes it has no fee and sometimes less fee depends on what i am going to do if theres any problem with bitcoin i will love to post it here and we can freely talk about the problem

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Quote from: madwica on September 02, 2016, 05:28:14 AM

Biggest problem of bitcoin i encounter is when my wallet got empty that is my biggest problem but in the transaction nothing bad i can say all is great, fast and very convenient to use it.

that's not a problem related to bitcoin. you have no funds left in your wallet because you have spent them all, or lost them with gambling. these are the most likely reasons.

mark coins

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Quote from: dunfida on September 02, 2016, 09:08:27 AM

Quote from: madwica on September 02, 2016, 05:28:14 AM

Biggest problem of bitcoin i encounter is when my wallet got empty that is my biggest problem but in the transaction nothing bad i can say all is great, fast and very convenient to use it.

Same here, my biggest problem when there are no funds left in my bitcoin wallet Grin

but mostly are positive things regarding bitcoin its uses and its services and convenience that it gives to its users. Nothing to complain about but the thing also worries me its everytime it drops its price i feel so uncomfortable.

There is nothing to worry if price drops as it will bounce back in coming days, and price volatility makes bitcoin very attractive as most of the users take benefits of it in making quick profits.

Topic: What's your biggest problem with Bitcoin - page 16. (Read 135083 times)