Topic: Your pain and problems in the bitcoin world (Read 4746 times)
My problem is that the ever increasing price of bitcoin and the increasing price of transactions and the delay it takes to get one confirmation are the real pain of bitcoin world at the moment and the developers have to solve this issue before getting out of hand.
I would like to know what is your pain and the problems that you face the most with the bitcoin technology?
For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.
When I first get my small amount bitcoin, I just don't understand what the different of sathosi and mbtc. I think it just a different called by people and not related with the digit behind the point.For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.
But now I now that is different. The past problem (question) I have for bitcoin is, who is sathosi nakamoto? Who the real he is? Because I doubted he can make this cryptocurrencie by himself. This is too perfect to made by himself.
I would like to know what is your pain and the problems that you face the most with the bitcoin technology?
For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.
For myself, when I started was how to send and receive bitcoins. Also, took me a long time to understand the value and the difference between the Satoshi and Bitcoins.
Of you can tell the difference between a cent and a dollar then you should be able to do so with a bitcoin and satoshi.
Its just a smaller increment of itself.
I think i have to make myself used to this kind of pains. Long confirmation time, pending withdrawal, no local merchant accepting Bitcoin. Hacking of wallets from trading platform and exchange and the usual plummet of bitcoin when whales decided to cashout .
I don't have any problem to be exact, but ya I see some issues which bothers me sometimes. The price fluctuates quite frequently and in large volume, but I know it has to be. Next is sometimes, the payment is quite slow. Then those you don;'t gamble or don't trade, currently have less ways to earn heavy.
My area/locality is very little bothered about Bitcoin, even my friends are very least interested.
the price fluctuation is because of the people adopting bitcoin in a large scale, when the demand is increasing. thefore the price of bitcoin is all increasing and the fluctuation also increase. My area/locality is very little bothered about Bitcoin, even my friends are very least interested.
Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.
(1) I also hate Bitcoin confirmation time if this time can be reduced than Bitcoin price will go to the moon. Now days banking transaction getting more faster day by day and Bitcoin transactions taking more times day by day.
(2) But I always check Bitcoin address tow or three times before sending my bitcoin usually I copy paste BTC wallet address so there is less chance of losing Bitcoin on wrong address. But if a wrong entered BTC address does not exist than I have doubt that transaction will be performed by the network .
Same problem. Seems like it will get more worst when users gets bloated in this industry. Perhaps there are some moves that are being taken to clean this problem.
Well at least, even you have trouble with sending bitcoins at least you have bitcoins in your wallet. Mine hasnt, I only have satoshis and the same problems of low priority and long confirmation. There are times that I want to quit bitcoins due to slow transactions and long confirmations but my online job pay bitcoin so I guess I will stick to bitcoin even though confirmation takes very long.
Actually in cryptocurrency-world, I had a airdrop by Decred then i had exchanged it to btc. Later invested all in HashOcean. They scammed and dissappear with my btc.
My pain right now in the bitcoin world is bitcoin's price too expensive for me,
I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
yes that is not only your problem but most of the people are facing the same problem, specially in poor countries people are feeling hared to buy even single bitcoin and the problem is become more serious from time to time. I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
I don't have any problem to be exact, but ya I see some issues which bothers me sometimes. The price fluctuates quite frequently and in large volume, but I know it has to be. Next is sometimes, the payment is quite slow. Then those you don;'t gamble or don't trade, currently have less ways to earn heavy.
My area/locality is very little bothered about Bitcoin, even my friends are very least interested.
My area/locality is very little bothered about Bitcoin, even my friends are very least interested.
For me, right now, the biggest problem is that many businesses simple don't accept Bitcoin for payment.
So, I have to use exchanger in order to transfer my funds from BTC wallet to Paypal, for example, and I have to pay very high exchange fee.
Also, recently, I had to wait longer than usual for bTC transaction.
I really hope that bitcoin will become mainstream soon and that all merchant will accept bitcoin.
The point is to see a lot of merchants adopt bitcoin right?So, I have to use exchanger in order to transfer my funds from BTC wallet to Paypal, for example, and I have to pay very high exchange fee.
Also, recently, I had to wait longer than usual for bTC transaction.
I really hope that bitcoin will become mainstream soon and that all merchant will accept bitcoin.
So people won't confused where they have to spend their bitcoin
As a lot of people too recognize bitcoin as currency that spendable in daily life
Hard to make it happen if there is still a lot of fear in people about losing value in bitcoin , so they just simply use fiat.
My pain right now in the bitcoin world is bitcoin's price too expensive for me,
I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
I don't quite understand what you mean, I thought that rising bitcoin's price would be exciting to bitcoin users. Or do you want to say that because bitcoin is overpriced, you can't buy bitcoins to store and use? If my guess is true then buying bitcoin isn't the only way for you to earn bitcoin, you can do that by applying for online jobs or start from simple things.I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
Ok i will make more clear for you, I can not do trading bitcoin to fiat money because of bitcoin's price was increasing, and i must have much capital for trading it.
I just can do trading altcoins to fiat money because of i just have small capital.
I hope you can understand about my explaining.
Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.
I don't know what's the thing that you used to purchase but I wonder why you still need to wait until the transaction gets confirmed before your order will be placed because as far as I know once you have made the transaction you can't be able to cancel it and the amount you've sent will surely go to whom it should be . and for your second problem for sure many of us have been on that situation, I am also worried that I presumably sent some amount to a wrong address but so far i haven't encountered that instances yet .
Merchants are afraid of double spending. This is also a common problem of Casino Online with their client. Once, Online Casino enable using bitcoin and wager in their site even without transaction confirmation but people with malicious intent exploit this by purposely sending transaction with little to no fee to delay the confirmation. Then they bet the unconfirmed balance and when they lose they will overcome their previous transaction by sending the same BTC with higher TX fee to their other wallet for faster confirmation nullifying the Bitcoin transaction used in sending the BTC to that casino.
Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.
The second thing you have mentioned is really not a problem in bitcoin because it depends on you, if you put the right address your bitcoins can never go to a wrong place and i have never experienced any problem like this in my life time of using bitcoin, maybe someone should be too careful about this thing always as it is a small mistake but can do a big damage.
Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.
I don't know what's the thing that you used to purchase but I wonder why you still need to wait until the transaction gets confirmed before your order will be placed because as far as I know once you have made the transaction you can't be able to cancel it and the amount you've sent will surely go to whom it should be . and for your second problem for sure many of us have been on that situation, I am also worried that I presumably sent some amount to a wrong address but so far i haven't encountered that instances yet .
For me, right now, the biggest problem is that many businesses simple don't accept Bitcoin for payment.
So, I have to use exchanger in order to transfer my funds from BTC wallet to Paypal, for example, and I have to pay very high exchange fee.
Also, recently, I had to wait longer than usual for bTC transaction.
I really hope that bitcoin will become mainstream soon and that all merchant will accept bitcoin.
So, I have to use exchanger in order to transfer my funds from BTC wallet to Paypal, for example, and I have to pay very high exchange fee.
Also, recently, I had to wait longer than usual for bTC transaction.
I really hope that bitcoin will become mainstream soon and that all merchant will accept bitcoin.
Personally I refrain from using secondary services to pay with BTC. If businesses don't accept BTC directly, I will not pay them with BTC. Fiat-cashing out Bitcoin to pay for goods/services makes no sense because of the spread and exchange fees. Using intermediary services with fiat conversion does neither.
Bitcoin will only be successfully if it's accepted directly, without conversion. Only in this case, it will be able to show its full potential. For merchants to accept Bitcoin directly they must see a use of BTC in the first place. So it's a bit of a chicken and egg problem.
ya.ya.yo!
For me, right now, the biggest problem is that many businesses simple don't accept Bitcoin for payment.
So, I have to use exchanger in order to transfer my funds from BTC wallet to Paypal, for example, and I have to pay very high exchange fee.
Also, recently, I had to wait longer than usual for bTC transaction.
I really hope that bitcoin will become mainstream soon and that all merchant will accept bitcoin.
So, I have to use exchanger in order to transfer my funds from BTC wallet to Paypal, for example, and I have to pay very high exchange fee.
Also, recently, I had to wait longer than usual for bTC transaction.
I really hope that bitcoin will become mainstream soon and that all merchant will accept bitcoin.
My pain right now in the bitcoin world is bitcoin's price too expensive for me,
I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
I don't quite understand what you mean, I thought that rising bitcoin's price would be exciting to bitcoin users. Or do you want to say that because bitcoin is overpriced, you can't buy bitcoins to store and use? If my guess is true then buying bitcoin isn't the only way for you to earn bitcoin, you can do that by applying for online jobs or start from simple things. I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.
(1) I also hate Bitcoin confirmation time if this time can be reduced than Bitcoin price will go to the moon. Now days banking transaction getting more faster day by day and Bitcoin transactions taking more times day by day.
(2) But I always check Bitcoin address tow or three times before sending my bitcoin usually I copy paste BTC wallet address so there is less chance of losing Bitcoin on wrong address. But if a wrong entered BTC address does not exist than I have doubt that transaction will be performed by the network .
Same problem. Seems like it will get more worst when users gets bloated in this industry. Perhaps there are some moves that are being taken to clean this problem.
Well at least, even you have trouble with sending bitcoins at least you have bitcoins in your wallet. Mine hasnt, I only have satoshis and the same problems of low priority and long confirmation. There are times that I want to quit bitcoins due to slow transactions and long confirmations but my online job pay bitcoin so I guess I will stick to bitcoin even though confirmation takes very long.
My pain right now in the bitcoin world is bitcoin's price too expensive for me,
I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
I can not trade bitcoin to fiat because of bitcoins is too expensive.
Maybe my problem is nothing from peoples whom have much money from capital,
But for me, it is mean i must make deposit much money and i just could doing altcoins trading.
Firstly I have a problem (1) with the confirmation time since on purchasing something I have to wait till the transaction get confirmed only then will my order be placed (2) I always fear sending the bitcoins to a wrong address and check the address many times before sending, since a single letter mistake will cause the bitcoins to be lost forever.
(1) I also hate Bitcoin confirmation time if this time can be reduced than Bitcoin price will go to the moon. Now days banking transaction getting more faster day by day and Bitcoin transactions taking more times day by day.
(2) But I always check Bitcoin address tow or three times before sending my bitcoin usually I copy paste BTC wallet address so there is less chance of losing Bitcoin on wrong address. But if a wrong entered BTC address does not exist than I have doubt that transaction will be performed by the network .
Same problem. Seems like it will get more worst when users gets bloated in this industry. Perhaps there are some moves that are being taken to clean this problem.
Well at least, even you have trouble with sending bitcoins at least you have bitcoins in your wallet. Mine hasnt, I only have satoshis and the same problems of low priority and long confirmation. There are times that I want to quit bitcoins due to slow transactions and long confirmations but my online job pay bitcoin so I guess I will stick to bitcoin even though confirmation takes very long.
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