What's your biggest problem with Bitcoin - page 19.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: BitcoinFanService on July 12, 2016, 08:38:57 AM

for me, my problem at bitcoin is that there are a lot of scammers in investment . when you buy bitcoin whats next getting scammed? only lending and trade exchange will give you profit in bitcoin nothing else.

Actually there are tons of people waiting for a lender to give them loans. They will ask an amount that might be higher than their account's value so if the DT members tag them, they wouldn't even care. Or they will ask for a loan without any collateral or offer a collateral that is reversible. There are some lenders out there that are regretting the fact that they accepted BCT account for collateral. The user who asked them for collateral didn't actually care about the account and have no intentions of paying the loan.

chixka000

hero member

Activity: 910

Merit: 500

Quote from: BitcoinFanService on July 12, 2016, 08:38:57 AM

for me, my problem at bitcoin is that there are a lot of scammers in investment . when you buy bitcoin whats next getting scammed? only lending and trade exchange will give you profit in bitcoin nothing else.

nope i guess you are wrong mate lending and trade exchange can cause you to lose money also dude. If you want a say earnings that signature campaign would do well im just saying tho

BitcoinFanService

newbie

Activity: 14

Merit: 0

for me, my problem at bitcoin is that there are a lot of scammers in investment . when you buy bitcoin whats next getting scammed? only lending and trade exchange will give you profit in bitcoin nothing else.

chixka000

hero member

Activity: 910

Merit: 500

Quote from: richardsNY on July 11, 2016, 12:16:08 PM

Quote from: chixka000 on July 11, 2016, 02:13:48 AM

Online shop which accepts bitcoin,, but yeah must likely is the confirmation process especially if you urgently need bitcoin and the confirmation is not yet done so you have no choice but to wait

In some cases you can increase the chance of getting your transaction confirmed sooner, by adding a just above average fee. Of course it doesn't change anything as far as the time for pools to solve a block goes, but it significantly increases the chance of seeing your transaction get included in the next block.

so you have to reduce the bitcoin that you are getting so that you can transfer or receives bitcoin faster than usual? and i guess it is still a problem if i were to choose i will wait rather than increasing fees

[/quote]

and oh by the way one of the problem of bitcoin that really scares me is when you get scam i havent experience one yet but how to resolve this kind of issue.

Dekker3D

sr. member

Activity: 434

Merit: 250

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: jossiel on July 12, 2016, 06:54:52 AM

Quote from: valta4065 on July 12, 2016, 03:53:21 AM

Oh and confirmation time is a problem...

I'm still waiting for confirmation of some payments because the site I use isn't able to put correct fees and that's really not cool ><

I saw that a lot of people are the delay of transaction and confirmation is the biggest problem for them in bitcoin.
But for me, we can do nothing for it so don't take it as a problem.
So that it can give you somehow a relief.

Yes this delay of transaction will only get worse in the future and will hinder bitcoin being widely accepted by ordinary merchants when other altcoins are way faster and almost instantaneous.

AioFox

member

Activity: 84

Merit: 10

Quote from: jossiel on July 12, 2016, 06:54:52 AM

Quote from: valta4065 on July 12, 2016, 03:53:21 AM

Oh and confirmation time is a problem...

I'm still waiting for confirmation of some payments because the site I use isn't able to put correct fees and that's really not cool ><

I saw that a lot of people are the delay of transaction and confirmation is the biggest problem for them in bitcoin.
But for me, we can do nothing for it so don't take it as a problem.
So that it can give you somehow a relief.

I found a firm that had 4 confirmations in order for the transaction to be complete; this can take up to 24hours; this is quite frustrating; its up to the website system to set up how many confirmations are needed. I've seen that a big site like Steam only needs 1 confirmation and it doesn't really take long. So people can actually do something to fix this.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: valta4065 on July 12, 2016, 03:53:21 AM

Oh and confirmation time is a problem...

I'm still waiting for confirmation of some payments because the site I use isn't able to put correct fees and that's really not cool ><

I saw that a lot of people are the delay of transaction and confirmation is the biggest problem for them in bitcoin.
But for me, we can do nothing for it so don't take it as a problem.
So that it can give you somehow a relief.

owm123

sr. member

Activity: 392

Merit: 250

Quote from: FLoving on July 12, 2016, 03:12:36 AM

Quote from: owm123 on July 11, 2016, 05:22:34 PM

Quote from: karekas33 on July 11, 2016, 03:17:08 PM

would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

How would you do it, with confirmation times of 10 minutes? Stend in line for 10 minutes, waiting for your tx to be confirmed?

I think bitcoin transfer is irreversible, so when a person click the send button of their bitcoin wallet to send some bitcoin to someone, then he then is unable to cancel that transaction or he then cannot reverse that transaction, so only sending that will be enough for merchants, just like bitpay

Nope. Untill tx is not confrimed, you can be sure that tx will be accepted. You can send tx with zero or low fee, and merchant will never see that bitcoin on his account.

valta4065

hero member

Activity: 826

Merit: 500

Join @Bountycloud for the best bounties!

Oh and confirmation time is a problem...

I'm still waiting for confirmation of some payments because the site I use isn't able to put correct fees and that's really not cool ><

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Sponsoredby15 on July 11, 2016, 08:19:16 PM

the problem about bitcoins is the limited online shop and goods that can be purchased by using bitcoin because some of merchants don't know yet what is bitcoins and what bitcoins can do but they think of bitcoin as money it really isn't hard and also the confirmation of the transaction sometimes it always delayed and i don't know whats happening sometimes it takes upto 3-4 hours

I know, I know about that. that's is become the common problem in all of the region.but for the confirmation of the transaction is getting a delayed I think it's normal if the delay is 10-15 minutes for every transaction. but if above than 15 minutes example 20,25,or an hour is sure the confirmation is getting the problem. but i sure if your confirmation time until 3 or 4 hours it's very bad.

Valzador

hero member

Activity: 1316

Merit: 503

Waiting for confirmations is a pain in the ass.

Thats my biggest probelm with bitcoin

FLoving

hero member

Activity: 1022

Merit: 521

Quote from: owm123 on July 11, 2016, 05:22:34 PM

Quote from: karekas33 on July 11, 2016, 03:17:08 PM

would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

How would you do it, with confirmation times of 10 minutes? Stend in line for 10 minutes, waiting for your tx to be confirmed?

I think bitcoin transfer is irreversible, so when a person click the send button of their bitcoin wallet to send some bitcoin to someone, then he then is unable to cancel that transaction or he then cannot reverse that transaction, so only sending that will be enough for merchants, just like bitpay

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: LucioTan on July 08, 2016, 09:57:05 AM

The most frustrating stuff that bitcoin has is that when you are scammed by the other person or company. It is impossible for you to bring back your money because of the lack of incentives that we have. One great example is the Hash ocean. They scammed about 700+ thousand individuals and sadly, they cannot be traced or put into jail. Its because we dont have a legal protection against these people who dont give back the right services and payments that we should have. If a certain law will be established with regards to this problem. I think the bitcoin community will grow rapidly.

Very true and highly agreed. I think due to the fact that you can not trace bitcoins and the person who took it sometimes becomes a problem too, though for me it is a benefit as I can gamble as much as I want without anyone trace and know how much worth of money I am gambling with.

Imoote

sr. member

Activity: 714

Merit: 250

Quote from: Reid on July 12, 2016, 12:53:03 AM

For now I have none, because it is easier to earn than other online works that pays with just a little amount. But I have read that some are getting some problems regarding the slow sending of it.

Yeah right maybe later you will surely experience a delayed delivery. In fact, there are several items that were delayed for many days. I think it's very disturbing. Maybe I did not experience problems in bitcoin than that.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: btvGainer on July 11, 2016, 06:28:56 PM

For me the biggest problem with bitcoin is that I dont know when to buy or when to sell them

It's very simple man Grin

lmao . Hahaha you can buy bitcoin anytime you want but make it sure that you would buy at the lower price and if you are going to sell it wait for the price to go up , make sure that it is frequently rising than falling .

Quote from: Sponsoredby15 on July 11, 2016, 08:19:16 PM

the problem about bitcoins is the limited online shop and goods that can be purchased by using bitcoin because some of merchants don't know yet what is bitcoins and what bitcoins can do but they think of bitcoin as money it really isn't hard and also the confirmation of the transaction sometimes it always delayed and i don't know whats happening sometimes it takes upto 3-4 hours

Yeah i guess that is the main problem aside from the slow transactions and confirmation . Because there is just a little online shops that are accepting bitcoin as a payment and here in my country the only thing i can do to use bitcoin is to buy a prepaid load or pay my bills online . I can't buy some stuffs or goods with bitcoin .

Reid

hero member

Activity: 3052

Merit: 651

For now I have none, because it is easier to earn than other online works that pays with just a little amount. But I have read that some are getting some problems regarding the slow sending of it.

Lexiatel

full member

Activity: 238

Merit: 100

This is not really a personal problem... but I've been wondering: what takes a bitcoin out of circulation? To me (and you Bitcoin fanatics will totally get mad at me for saying this), Bitcoin is a like a virtual gaming currency, and in games, if there is no coin sink (something provided in the game to 'take' coins from the server, such as an NPC that sells things players need), then there is excess currency, and it becomes junk.

So... help me understand... what keeps the Bitcoins from becoming an item of surplus; is there anything that makes them actually disappear? Do people just hoard it away? Or are there just that many people that are just starting out on the whole bitcoin thing and not enough Bitcoins in circulation...?

blackmachinegun

hero member

Activity: 532

Merit: 500

Quote from: owm123 on July 11, 2016, 05:22:34 PM

Quote from: karekas33 on July 11, 2016, 03:17:08 PM

would like to pay with Bitcoin in ordinary shops for goods and meal. This is a biggest problem I see now. But I am happy to see more merchants allow bitcoin.

How would you do it, with confirmation times of 10 minutes? Stend in line for 10 minutes, waiting for your tx to be confirmed?

is it do you think that each store will require you to wait for 10 minutes so they could get a 1-3 confirmation? I think bitcoin payment can not be canceled then why wait until some confirmation? I think it would be difficult for the user. if it happens of course people will choose a payment method other than bitcoin

Sponsoredby15

sr. member

Activity: 644

Merit: 250

the problem about bitcoins is the limited online shop and goods that can be purchased by using bitcoin because some of merchants don't know yet what is bitcoins and what bitcoins can do but they think of bitcoin as money it really isn't hard and also the confirmation of the transaction sometimes it always delayed and i don't know whats happening sometimes it takes upto 3-4 hours

Posum578

sr. member

Activity: 336

Merit: 250

Quote from: btvGainer on July 11, 2016, 06:28:56 PM

For me the biggest problem with bitcoin is that I dont know when to buy or when to sell them

You can simply use my technic, you buy when you want buy and you sell when you want sell. simple
but for me biggest problem is about confirmed transaction, when i buy some digital goods if seller new to accept bitcoin it hard to tell them "no worry, it will confirmed i put decent transaction fee" but the seller always worried cause it take long time to confirm and think he dont get his money.

Topic: What's your biggest problem with Bitcoin - page 19. (Read 135104 times)