What's your biggest problem with Bitcoin - page 68.

Imoote

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Quote from: draceus on February 19, 2016, 05:28:58 AM

Quote from: phreaky on February 19, 2016, 03:19:10 AM

The biggest problem with Bitcoin is that you dont know when to invest. The value now on this moment is quite low, so maybe it is now smart to invest.
And there is also not many shops that accept Bitcoin. So you dont have much room to spend it.

same my problems, I am also using bitcoin and I want to buy and sell something with bitcoin but no one company, merchant or shops are accepting it and I have bitcoin but also I can't use my bitcoin that is very big problem for me.

Yes probably because of the small number of people who adopt bitcoin so hard to find a store that offers transactions with bitcoin. In my house there are only a few stores are offering deals with bitcoin. Relax bitcoin surely growing and will definitely be a lot of stores that offer payment with bitcoin in your area.

draceus

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Quote from: phreaky on February 19, 2016, 03:19:10 AM

The biggest problem with Bitcoin is that you dont know when to invest. The value now on this moment is quite low, so maybe it is now smart to invest.
And there is also not many shops that accept Bitcoin. So you dont have much room to spend it.

same my problems, I am also using bitcoin and I want to buy and sell something with bitcoin but no one company, merchant or shops are accepting it and I have bitcoin but also I can't use my bitcoin that is very big problem for me.

Bitcoinbro

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Biggest problem is that you cant know what is going to happen later in the future. And the value is also hard to predict.
I hope later that it will be more worth later. And so can more people enjoy the profit later if it will rise.

diegz

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Quote from: Albert Einstein on February 19, 2016, 04:05:52 AM

My biggest problem with bitcoin is that it takes such a long time as a newbie to get bitcoins but i can't complain because as your ranking gets higher so does your pay

That's not a problem I think. you might earn small from campaigns, but the ability to work and find a job to earn aside from signature campaign, we are all the same,.

Albert Einstein

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My biggest problem with bitcoin is that it takes such a long time as a newbie to get bitcoins but i can't complain because as your ranking gets higher so does your pay

phreaky

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The biggest problem with Bitcoin is that you dont know when to invest. The value now on this moment is quite low, so maybe it is now smart to invest.
And there is also not many shops that accept Bitcoin. So you dont have much room to spend it.

Kalder

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Quote from: jethrorn99 on February 18, 2016, 09:10:04 AM

The confirmation time is taking too long.

Otherwise, it's great for transactions!

When the block size is increased to 2MB or higher in the next 6 months, the confirmation time will reduce significantly.

jethrorn99

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The confirmation time is taking too long.

Otherwise, it's great for transactions!

LoyceV

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Quote from: 23dzmaz on February 15, 2016, 08:57:46 PM

So far i don't have big problem with bitcoin, the only one my problem is so long waiting confirmation when i transfer something.

This problem is in the design of Bitcoin. I'm familiar with Doge and LTC, both have much faster confirmations.
I don't know if it would be possible to increase the number of blocks in Bitcoin, say from 1 per 10 minutes to 1 per minute on average. That would also increase the number of transactions it can handle, but the block reward must go down with it.

martinacar

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The biggest problem with Bitcoin is that it is so unpredictable. You dont know when you should buy it or sell it
I think now that is a good moment to invest in Bitcoin, because the value is now quite low.

russian_pete

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I don't also like Bitcoin's price volatility due to the fact that you could lose your investments quickly. This is a disadvantage but it also serves as an advantage since you could take advantage of price's instability (volatility) and make profit if you know how to do it well. Over the past weeks, I have been doing this and have made a decent amount of profit.

I also think that there aren't much merchants accepting BTC but if you take a look, it is slowly gaining its adoption over time and I think it would take 5 to 10 years to see true mainstream adoption.

pogress

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Quote from: diegz on February 18, 2016, 03:52:12 AM

I have no problem with bitcoin, except for shops to spend it, the only way I use my bitcoin is when I put it in my wallet in a exchange site and convert it to fiat...

Some accept only Bitcoin payments, this is very rare so far but when it happens usually there is not better alernative to choose from like trezor hardware wallet and some mining ASICs as well. So there are products where you need Bitcoins only actually.

BowYang

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I dont know about you, but i hate the need for confirmations and with that, the confirmation time.

diegz

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I have no problem with bitcoin, except for shops to spend it, the only way I use my bitcoin is when I put it in my wallet in a exchange site and convert it to fiat...

trinaldao

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Post your ann & bounty just contact me

Im no have big problem with bitcoin, because bitcoin help me to collect some money and bitcoin change my life to utilize my free time.....

goinmerry

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Quote from: mrflibblehat on February 17, 2016, 09:41:01 PM

The bitcoin transaction fees are actually very acceptable. More than acceptable. Let's hope they remain this way.

Transaction fees are really low except for other website where they cut your withdrawal with a lot of satoshis. Example is one gambling site I saw where you will pay a lot to withdraw what you have won. That seems to be hard but it is gambling so what can we do.

neonshium

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Quote from: barbara44 on February 17, 2016, 04:27:17 AM

Quote from: CasioK on February 17, 2016, 01:06:59 AM

With respect to my countries trend, bitcoin is still new and the the e-currency market has to travel more miles and yet has to be established for several more years before people can really trust it here. But till then I will be saving bitcoins.

I am also saving my bitcoins for the same reason. But I am happy I got a reason to save it for longer period. I believe when I have more value of bitcoins I will not need to convert it into fiat, just spending bitcoins for everyday life would be amazing at that time.

Yes, when more widely bitcoin getting adopted then it becomes standardized the more it's value will become stable. Right now the best option we have is saving it. I too ignore all my problems and I just focus on saving more bitcoins.

mrflibblehat

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The bitcoin transaction fees are actually very acceptable. More than acceptable. Let's hope they remain this way.

blackmachinegun

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Quote from: BTCdoctor on February 17, 2016, 12:42:10 PM

The transaction fees are rather high for my liking.

lol transaction fee is around 0.0001 btc dude. its just $0.04, its not expensive dude. look in other payment procesor like bak or western union, they take more transaction fee, probably about $ 1, so I think the fee for bitcoin transactions are still very small

elite3000

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Problem is the battle between transaction fee and transaction time and network spam, sometimes the waiting time is too big and/or the transaction fee is too big

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