Topic: What's your biggest problem with Bitcoin - page 47. (Read 135106 times)

I think the current situation is stable and I also know. it knows how long this price movement will continue to be stable?
but I'm sure the prices will return to normal "fluctuations"

IMO, the price is moving fast, it's just that it is not moving to the direction we want, which is to the moon.. The volatility is very much important for traders...maybe now we can't appreciate it, but maybe later on we will..

my only problem with bitcoin is that it is used in black market usually so people don't trust it and probably won't ever use it

also problem is that newbies won't learn how to ue it very fast, they need to learn about it, because wallet creation and codes saving isn't easy for newbies

Patience is must in bitcoin if you want to earn good profits from it but if you lack patience then bitcoin is not the right place for you to invest your money.

The fact that the prices take way too long before they change. And when they change it is only a bit. Bitcoin requires allot of patience and I do not always have that. 

Bitcoin anonymous nature can't be indicated as the problem of bitcoin. More people had got attracted by its anonymity and had been a part of it. Scam can be overcome if we were more active.

is decentralized and anonymous of bitcoin! welcome! you should know the risk of what will happen in bitcoin. will be a lot of scams that will happen. so when you want to trade safely. you can use the escrow
many online escrow bitcoin.

Biggest is its anonimosity because if we GEt scam by hyip investment we cant do nothing.  Its very nice if bitcoin wallets have disputes to counter measure the scam problems. And here in my country is no problem converting it to peso its easy just like walking.

Not all country has like that services. We are just lucky that in our country where we lived on, converting our bitcoin to fiat is easy as 1, 2, 3.

Person that do direct exchange are really present in some the country where converting bitcoin to fiat really hard.

For those people who are really finding hard to convert their bitcoin in their country, they can seek and advice to some bitcoin group of their local country thru facebook and ask some encashers there. I know it has and present.

Yeah converting bitcoin to fiat is the easiest way nowadays for me, as I simply find a trader on localbitcoins who transfer fiat currency to my bank account within few minutes, so that is not a  problem for me.

where do you live buddy? to be honest i dont even realized that nowdays peoples like you felt so hard to convert their bitcoin to the cash, as far as i know almost every country has their own exchanger, perhaps there are some, but they can try localbitcoins or just find someone on your area to make a deal, i must be gratefull i can convert my bitcoin to cash 24 hours/ 7 days with low fee

Most local sites are quite sketchy. I found one saying

"Buy Australian Bitcoins" (this is already sounding like 9 year old grammar), with the description of "1 free bitcoin with first buy!" (Okay, definitely fishy).

I use CoinJar, because LocalBTC is overpriced.

Lol Where is your country dude ? usually every country has its own bitcoin exchange site for bitcoin/local currency
other than that you can do an exchange to the dollar and pulled her into the perfect money or paypal then you can withdraw it to the your bank. there are many exchange sites that you can use to exchange to the dollar

Yes, you are right that today internet is claiming to be available all over the world but there are still a large community living on different parts of the world who have not any access to the internet due to poverty or other reasons.

If only we all agreed to:
Divide the coinbase by x
Divide the block time by x
Persuade miners and devs that will be worth it

All of the above at once, to decrease the confirmation time of transactions. To be honest, it's too much hassle and the miners will get all salty.

We all understand you, it is of course irritated to wait such a long time for a price increase so you are going to gamble for distraction and that is good, but dont gamble that much.
If you are going to gamble, you have to gamble with some small amounts so you will not lose that much money with it and the problem of Bitcoin is that you also never know what will happen with the value and that can be risky.

in most of the countries, you can buy anything using bitcoins including the food stuffs. and not like before more people are engaged in bitcoin from various countries. the other problem with bitcoin is that if net connection goes offline we can't use bitcoin or transfer any amount.

I can buy almost every thing with bitcoin now adays. just look around the web. you'll get dozen of websites which accepting bitcoin as payment now. even you can buy sell lots of thing in this forum also, in Service and in Good Section

It seems everyone moans about confirmation times etc. although for myself, the confirmations or transaction times are not an issue,
as they are a lot faster than international transfers.

BUT
i am not sure if any wallets out there do this (as i got no reason to look yet)
what seems to be needed is a 3rd party wallet (similar to how paypal works) that is funded with bitcoin (call it bitpal maybe)
so users can fund their account with bitcoin
then when they pay someone using same wallet it is instant
as no need for confirmations, as transaction is handled by 3rd party
it is very likely paypal has this in the works (probably with more features)

i do not spend BTC so not sure if this exists
if anyone know a wallet like this for day to day spending
without any silly policies restricting use or need ID to join etc.
then do let the rest of us know

but an app where i can simply send to another person that has an account on same app so its instant
(internal trade would not be added to blockchain but handled internally by the app)
and the only wait time then would be withdrawing btc from account or funding account with BTC
(funding and withdrawing would be added to blockchain)
an app like this then could have nfc and everything be lightning quick

most likely like an altcoin app that value is tied to BTC,
and can only fund app with btc