The transaction fees are rather high for my liking.
i think the bitcoin is lowest fee if you compare it with other payment method like paypal, visa, etc.
the current normal fee only $0.01 its very very low fee
Topic: What's your biggest problem with Bitcoin - page 69. (Read 135083 times)
i think the bitcoin is lowest fee if you compare it with other payment method like paypal, visa, etc.
the current normal fee only $0.01 its very very low fee
My main problem with bitcoin is confirmation time, many sites are asking for 4-6 confirmations and this is taking allot of time sometimes "sometimes even hours in slow confirmations time".
The first confirmation is most important and unfortunatelly takes most time especially in peak times when there is a lot of new transactions - might take even hours. Although next confirmations come in about 10 minutes on average each, Bitcoin companies should want 4-6 confirmations only for high valued taransactions, definitively only 10+ BTC.
Well the biggest struggle on Bitcoin is that it is not available in most sites .. And another is that they're transaction confirmations .. And Safety on bitcoin wallet especially now that I heard people lose bitcoin on they're bitcoin wallet from which thiefs just only need bitcoin wallet address
Yes it is hard to find some websites that you can pay with Bitcoin. But my problem is that I dont know when I must sell it.But the value is now quite low so I dont will sell it for a long time. I have patience and I will wait quietly.
Just make sure you dont wait too much start analyzing the bitcoin market and try to trade it when the price is high sell it and buy in bulk when the price is low.
just dont wait too much and lose patience because you might end up selling it at low price
The transaction fees are rather high for my liking.
Well the biggest struggle on Bitcoin is that it is not available in most sites .. And another is that they're transaction confirmations .. And Safety on bitcoin wallet especially now that I heard people lose bitcoin on they're bitcoin wallet from which thiefs just only need bitcoin wallet address
Yes it is hard to find some websites that you can pay with Bitcoin. But my problem is that I dont know when I must sell it.But the value is now quite low so I dont will sell it for a long time. I have patience and I will wait quietly.
Well the biggest struggle on Bitcoin is that it is not available in most sites .. And another is that they're transaction confirmations .. And Safety on bitcoin wallet especially now that I heard people lose bitcoin on they're bitcoin wallet from which thiefs just only need bitcoin wallet address
My main problem with bitcoin is confirmation time, many sites are asking for 4-6 confirmations and this is taking allot of time sometimes "sometimes even hours in slow confirmations time".
my biggest problem is probably the fact that it is a currency that isnt accepted by many or most stores and businesses.
This may be a problem but not too big. You can easily exchange your bitcoin in paypal balance in Currency Exchange Section.My problem is not with bitcoin, my problem is bitcoin wallets.. I am still confused which wallet is better to use..
The biggest problem with Bitcoin is that it is so hard to predict when you must buy it or sell it.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
Its true its really difficult to say what is gonna happen with it.
Of course the market of the bitcoin is unpredictable but that will change in the future.
You mean in the future it will become unpredictable? Then say goodbye now for the profit of trading as if that will happen all traders will just doing a "mukhang tanga" action.
The biggest problem with Bitcoin is that it is so hard to predict when you must buy it or sell it.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
Its true its really difficult to say what is gonna happen with it.
Of course the market of the bitcoin is unpredictable but that will change in the future.
i think that the biggest problem right now is that i can not use it to pay for everyday items such as food
i think it can resolve by convert it to fiat. honestly right now we can still cannot using bitcoin for buy daily need. I would be very happy if KFC or MCD accept bitcoin for delivery order. so we only need to pay via online, and the food will come soon 
The biggest problem for me is mass adoption, there should be a universal app or gateway where bitcoin payment can be utilized by all online merchants.
The biggest problem with Bitcoin is that it is so hard to predict when you must buy it or sell it.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
It is not Bitcoin specific, any stock is not easy to predict when you must buy it or sell it. The information + trading experience is what separates loosers from winners in these trading games. If your not experience trader, best is just to hold Bitcoin (or stocks) and sell only when you really need money.
The biggest problem with Bitcoin is that it is so hard to predict when you must buy it or sell it.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
I think that is a really hard choice to make we you going to sell it, there is a chance that after you sell it that it can be more worth later in the future.
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. 
The "anonymous" part of transactions because you cannot fully prove the bitcoin address was came from a hacker if the address were not known in block chain(few transactions held).
My only problem with bitcoin is the lack of real stores where I can buy some ordinary things, without depending on an Internet connection to move my coins. Perhaps it means that the bitcoin worth is not real, because without Internet bitcoin would not exist.
Stores that accept bitcoin are popping up everyday. But since bitcoin is a digital currency it needs a digital medium in which to propagate.
On the other hand, if bitcoin is not real how is it with gold? It's just metal. Or fiat? Just paper. It has value because we say so.
bitcoin is still a new invention so it is acceptable that there is not yet enough usage for it. but people are starting to find out about bitcoin and start using it.
i heard some rumors that steam is planning on accepting bitcoin as payment. soon other companies will start accepting bitcoin and before you know it bitcoin is widespread.
According to certain network theory, the value of a technology is proportional to the square of the users. If the user of bitcoin increase from 1 million to 10 million, the price will be $40,000 each.
reaching 40 K is a bit too high of a value. i will be happy with a value of 3000$ .converting bitcoin to fiat is a bit difficult process i guess, as you need to provide verification and stuff inorder to do so .is there a easy way. if so i would like to know that
It is hard to assume when it peaked for sale
For me its the conformation times and the network fees. I once accidentally forgot to include a transaction fee when I sent some coins, and it came back 2 days later because no one confirmed it, then I resent them again, this time, with a transaction fee, but I inadvertently made a double spend because of that.
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 believe your move is a very intelligent and would be very profitable for you. When you are unable to spend/use your bitcoin it must be a very good idea to keep on saving it. Your biggest problem with the bitcoin is going to be your biggest advantageous thing for your bright future.
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