Annoying things about cryptocurrencies!!

[Moaz 7239]

Yes, you are right, there are some cryptocurrencies, especially Bitcoin, it takes a long time to convert in order to confirm, so I often convert Bitcoin to other currencies that are fast in conversion and low fees

[Mohssine 1725]

For me annoying thing in cryptocurrency , need a lot of time to be expert in this world and get a good profit in , because the market of cryptocurrency is difficult than any other market , and is difficult to expect what gone a happen in bitcoin or any other coin , this is my opinion.

[Jeet Narayan 1940]

I guess you are right, I also analyze Cryptocurrency take too much time for confirmation. Few days ago i withdraw Bitcoin from coinbase but that withdraw confirmation take all most 1 hour.

[harzallah 161]

On 11/23/2019 at 3:03 PM, CryptoBoy20 said:

Yeah I'm agree with you. Bitcoin take too much time to complete transaction. If we want fast transaction then we have to pay high amount of fee that's most annoying thing for me.

ok you are right but the bitcoin steel need that time to complete the transaction it is also there is many cryptos to do the transaction fast and easy and low fee

[P A Ashif 2409]

Actually I have not came across the problem that confirmation time is too much. That may be because I have very less transaction records. But what annoys me is the scammers and the hackers. 90% of the new projects are scam. Level of scamming is increasing day by day. 

[Brand1 1336]

I find no problem with that, and for me there are a lot of good deeds for digital currencies compared to their disadvantages and the bad thing about them is the use of these currencies to buy and sell prohibited things on the black market.

[Soaib khan 1035]

On 12/5/2019 at 5:58 PM, bliznec said:

I always like the time of cryptocurrency transaction confirmation. Yes, there is some time for confirmation, but it was worth the wait. 

that's absolutely true as far as I know bitcoin takes around 20 minutes to complete a transaction but I think this is far better than centralized system because in this sometimes it takes around 3-4 days 

[lharost 1526]

On 11/21/2019 at 10:58 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?

I got to say that's the most important issue that some crypto assets have and that bothers me sometimes as well specially if I want to send and receive bitcoin which was fast 10 years ago but for 2020 it's slow, for this specific issue you can use coins with faster blockchain to have better speed in confirmations and over all transaction speed, For example Nano and Stellar coin have one of the fastest blockchains in crypto and they got way cheap transaction fees too, besides from this small issue that only happens with older coins I have no problem with cryptocurrencies that worth being annoyed about.

[Brushless4500KV 4214]

On 5/10/2020 at 9:52 PM, Iambee said:

For me the annoying thing of Crypto currency is it's address which we used to send and receive as they are long and complex so if we make mistake then it will be gone to wrong address and cannot be recovered.

The long string of numbers and characters are called hashes. These hashes are complex to hide the real meaning of something and increase safety. If hashes were simple, it would be easier for hackers to decode them and steal the funds inside addresses. So, this is something necessary for every digital coin. Dealing with addresses is not that hard. You only need to check the characters from beginning to end once before sending to make sure your fund is being sent to the right address.

[DreamStage 2105]

Well it's known well that every day confirmations might take more than usually due to how much blockchain transactions there are to be resolved by the miners and the network.

 

You have to understand that and accepted, but for sure it's annoying to be waiting for them.

And at the current network state there is no solution for such problem, maybe in the future who knows.

[CryptoMaxim 3829]

On 23.11.2019 at 18:03, CryptoBoy20 said:

Yeah I'm agree with you. Bitcoin take too much time to complete transaction. If we want fast transaction then we have to pay high amount of fee that's most annoying thing for me.

Well, what can I do? this is how cryptocurrency works. I'm also annoyed with the ether Commission. It is constantly changing. One day the Commission amount is one on the other day is different. I mean, to make the transfer fast.

[koussai999 1986]

I believe that cryptocurrencies need a lot of work and development so that we can fully rely on them in financial dealings and these problems that have arisen need a quick solution

[Iriswolfgang 200]

On 11/23/2019 at 10:03 PM, CryptoBoy20 said:

Yeah I'm agree with you. Bitcoin take too much time to complete transaction. If we want fast transaction then we have to pay high amount of fee that's most annoying thing for me.

The cryptocurrency and Bitcoin mostly have a very long time confirming our transactions but I think that it is alright because they are making sure that our transactions is safe before the confirm anything and that is great because they are prioritizing security

[Raqeebzy 6456]

On 11/21/2019 at 8:28 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?

Maybe you can only say for bitcoin, Litecoin, ethereum and the likes. There are example of cryptocurrency like ripple that the confirmation and transaction speed is almost immediate within few seconds of processing, it depends on which of the cryptocurrency you meant.

[vynz 540]

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?

it seems annoying because you work hard for the task they gave and they will not pay you right away since you are exhausted doing the task and we all are want to pay the effort that we give so the delay is very much unpleasant to our patience. 

[Laboni 755]

We all have to work patiently to work in crypto Nothing is possible without hard work.The annoying thing about cryptocurrency to me is not being able to set the price of currencies. Therefore if I analyze the market properly I will be able to understand the difference in price.

[Rahul11 292]

On 11/22/2019 at 1:28 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?

I don't think it's annoying. Because it's happen only if you make transaction on a exchanger or wallet. Otherwise in decentralized wallet it show the balance immedietly after confirming the transaction. 

[Zalaks007 543]

Yes I agree with you that waiting for transaction confirmation is annoying most especially you are the one that send the token and it took more than the usual time it takes to confirm. But also losing your cryptocurrency to hackers is more annoying. 

[Projectcrypto 4382]

The most annoying moment for me in cryptocurrency was the very first i got scammed by just clicking on an unknown link in telegram, it was so annoying because i lost almost $20 for nothing and KYC verification procedure is another annoying thing in cryptoworld. I will advise you to avoid clicking on the link you don't have idea about and also avoid accepting messages from unknown individuals as most of them are scammers.

[Izeal 4404]

Exactly the time taken for confirmations is the most annoying thing in the cryptocurrency like they have to register in upto 6 networks which take a lot of time.

[Apollo Crypto 245]

It is not annoying though, you are just rushing it. It is for our own good. Delaying for the confirmation is not necessary. It is just that they are securing and protecting your crypto from scammer to avoid encrypted

[Honny143 13612]

In crypto currency there are so many coins transaction confirmed very quickly like xrp, so  I don't think transaction annoying thing but In crypto most annoying thing is scammers, and second trying  crypto decentralized to centralized, like most of exchange demands kyc compulsory. 

[Dorjoy12 8962]

Its Only money transfer system so its easy they will take some time to conformation..every thing has an technical issue and YOU need to do this.. If you cant be patience Just for a lil time then crypto is not for you..YOU may know that in binance exchange site if you take a long time confirmed transaction they wont take fee from you                  

[Tunuu 2235]

On 11/21/2019 at 10:28 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 have asked a good question but is not completed Confirmation time for what? You mean to confirm a bitcoin transaction or to confirm a bitcoin withdraw or a deposit? I think confirmation they depends. Some exchanges they are fast and other they are super slow. 

[BraveHeart01 1569]

As big the transfer fee is that fast the conformation will go, amd also in certaun coins you can control the transfer fee,  still waitung for a transection to be confirmed is too annoying.