Annoying things about cryptocurrencies!!

[MilaNi 603]

On 21.11.2019 at 21:28, ibtismanipun said:

We all know how annoying stuffs cryptocurrencies has got. In my opinion the most annoying thing is the confirmation time they take. What is your opinion about this fact?

Agree that sometimes confirmation is really annoying. Especially when it lasts even not for hours....but you understand that you have no other choice but to wait... But I remember the time when there was a boom with the Crypto kitties game))))))) the net was extremely overloaded and transactions were too long and slow. That is what was even more annoying. 

Edited February 29, 2020 by MilaNi

[Mehnil125 431]

The confirmation time is also mine bad thing in the crypto talk which is for earning money and reputation for all the people around the world and also to be added that it is very hard and also it takes much of the time.

[BTC Future 3946]

On 11/21/2019 at 9:28 PM, ibtismanipun said:

We all know how annoying stuffs cryptocurrencies has got. In my opinion the most annoying thing is the confirmation time they take. What is your opinion about this fact?

The confirmation time for Bitcoin at least, is 1 hour in general. Bitcoin is built this way to increase security of transactions. There are merchants and exchanges that accept less than 6 confirmations but still it is not safe and this might result in loss of funds for them. It is a technical feature that solves the double spenting problem with all transactions need at least 6 confirmations in the blockchain to become validated.

[Ammer12 2]

According to my experience and opinion I think the most annoying thing here in Cryptocurrency is the scammers. Scammers are now creating a huge amount of problem in the Cryptocurrency. They are a great problem.

[rekter 8129]

On 11/21/2019 at 9:28 PM, ibtismanipun said:

We all know how annoying stuffs cryptocurrencies has got. In my opinion the most annoying thing is the confirmation time they take. What is your opinion about this fact?

You can try to use lightning wallets or different cryptos for workaround. Confirmation time just raises security, if you want faster block times, it comes with a trade off for less security.

[Ken-not 9]

On 11/22/2019 at 3:28 AM, ibtismanipun said:

We all know how annoying stuffs cryptocurrencies has got. In my opinion the most annoying thing is the confirmation time they take. What is your opinion about this fact?

People who hacks a lot is the annoying thing in the world of cryptocurrency. There are some tools that once you copy a wallet address, when you paste it, it will change to a different wallet address which is the wallet address of a hacker. So, better double check your wallet address to avoid this one.

[Captain Karim 0]

The time to complete the transfer process depends on how busy the network is, I do not see it troublesome in many fast blockchain networks like Litecoin and Dogecoin. The transfer process usually takes less than two minutes.

[AshikSakib 5]

My dear,I think cryptocurrency is notorious for the spin disturbance, which can run by 100% in 60 min and drop it 115% later. For this reason, it is Paramount that investors use stop-loss to protect them from losses. The term "bag container" known with the often used crypto-complexity among traders will be identified. These traders bought in a specific cryptocurrency and were unable to sell digital assets after a dramatic drop in prices.All the best...

[Calvinpriva 17296]

My most annoying thing in crypto currency is because we can not reverse our transactions when we will send them to wrong address by mistake. Crypto is very good and has helped many people but we lost them much because we cant reverse them.

[BarryHoward 112]

I think the most annoying things about cryptocurrencies, are that their prices can change wildly in a short period of time and crypto exchanges are targets for many hackers.

[malik6314193 5449]

I don't think so because confirmation is necessary thing for our own security. Yes there is little bit annoying things but i think these few. The advantages are more then disadvantages.

[George10 9932]

There are other annoying things about cryptocurrencies like being to much exposure to scam activities because of its advantages of being transacted from peer to peer without any administration thus causing many to lose their money in crypto scam investments projects.

[johant123 1559]

6 hours ago, AngryBirds said:

Actually I don't think that confirmation is annoying thing in transaction. Because it is very important for a safe transaction. So we must accept this matter without any disgust. 

Yes, but we need a fast process for small amounts. If you want to buy a bread with crypto, the confirmation should be sub-second.

 

Besides, stable coins are needed for day to day transactions as well. So they will need some strong backing, to limit the possibility for speculation.

[Jessica Karren 1242]

The most annoying thing for me is KYC verification but is for our own better security. Generally in crypto I don't think anything is annoying. 

[SuperCrypto 7193]

I do not think that this time the confirmations take for cryptocurrency transactions is long and remains less time than cash money transactions in banks and this time it takes to confirm safety and it is our advantage.

[Yunusalemu 0]

What annoys me about crypto currencies is that there a just way too many of the out there being lunched every now and then later on being ignored and left to perish after some individuals might have even inveated in it. 

[Shaza Ahmad 1682]

Confirmation time is not a problem, the Litecoin network and Tron network take seconds to confirm transactions and are considered one of the fastest blockchain networks

[Shaza Ahmad 1682]

21 hours ago, halloweed said:

Yes and even better, we have the lighting network if you heard about it, to insure we will never have to have long waiting times on any coin.

Yes, I heard about the Lightning Network, its speed is so great that we will be able to make decentralized messaging apps like Messenger and WhatsApp.

[Razan alikac 1899]

There are things, even if they are annoying, but they are to our advantage, the safety of our accounts, and our money keeping.
 For me, the thing that annoys me is that I cannot convert my real money into cryptocurrencies and vice versa and exchange it easily because there are some difficulties ... and obstacles ..

[Laboni 755]

You've just said the most annoying thing about cryptocurrency is the fluctuation in prices. Due to the low price, it is very frustrating to invest a lot of time. But the reason the crypto market is not stable is that the prices are less high. That's why we all have to work on purpose.

[Treat1234 0]

You need to have patience about the confirmation of transaction especially the bitcoin that can take upto 30-60min before confirmation, cryptocurrency is still young and we are yet to experience other development

[Whited35 15285]

The most annoying thing in the crypto world for me is, Crypto prices can change wildly in a short amount of time, if I buy a huge amount of the crypto for the short term purpose price can be drop very soon to lower the value of my holdings. 
 

[Saj555 2250]

Crypto currencies are the best replacement for flat currencies now. It is a big network and also blockchain is a big platform where all the transactions takes place. There is nothing annoying actually here. But people sometimes gets. Frustrated because of the long time withdrawals or transaction time and sometimes after after getting loss in investments. 

[Lover840 0]

On 11/22/2019 at 12:58 AM, ibtismanipun said:

We all know how annoying stuffs cryptocurrencies has got. In my opinion the most annoying thing is the confirmation time they take. What is your opinion about this fact?

Well for me confirmation time in crypto currency is not annoying at all. It only takes few mintues so it doesn't annoy me as i have enough patience. At least it is even better than waiting in a row for hours. 

[BrolySSJ 7899]

I think that one of the most annoying things with regards to crypto is the fact that we can't track our transaction to see where it is at that point, and if it is being processed. Most cryptos just say pending when you withdraw from a site until it reflects. Also, i would have to agree wit you on the confirmation time which can take very long to do so, and i ope that as the crypto world increases with members that they also find a way to reduce the confirmation time and make the process more efficient.