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Topic: What are some disadvantages of BTC? - page 19. (Read 7924 times)

newbie
Activity: 10
Merit: 0
December 17, 2017, 06:32:24 AM
There are a few disadvantages of bitcoins when compared to others types of currency. The first one is that is has only few support which makes it a less reliable way of payment, and the second one would be that its is rather hard to obtain.
newbie
Activity: 58
Merit: 0
December 11, 2017, 02:21:29 PM
In my opinion the largest disadvantages currently are the transaction speed and the transactions fees.
member
Activity: 258
Merit: 57
December 11, 2017, 02:18:43 PM
i pay about 28$ to send 100$  Cry Cry Cry

important disadvantages is fees and network blocking
full member
Activity: 630
Merit: 100
December 10, 2017, 10:37:51 PM
just see the number of people who complain about the fees and the slowness of reason to understand that bitcoin still has a lot of work before becoming a real currency
currently more bitcoin transactions, waiting time to be confirmed longer. making it less effective for payments. it is technically.
and now many are complaining about high fees.
member
Activity: 85
Merit: 10
December 10, 2017, 04:29:45 PM
just see the number of people who complain about the fees and the slowness of reason to understand that bitcoin still has a lot of work before becoming a real currency
hero member
Activity: 700
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
December 10, 2017, 04:26:44 PM
The bitcoin does not have disadvantage characteristics that should be consider. In fact bitcoin is perfectly created to provide advantages and positive to everyone;
with the help of bitcoin everyone’s life will become more convenient and easier in all aspects.
The disadvantage to Bitcoin is that every transaction is logged. Every transaction that you send is time-stamped through Blockchain.
jr. member
Activity: 74
Merit: 5
IOS - The secure, scalable blockchain
December 09, 2017, 02:53:35 PM
Bitcoin can easly be trusted but we can never forget that it is limited, Only 21 million bitcoin exchanged, besides it is physically untouchable, This is considered as a negative side and can make bitcoin a bit weak. We cannot blind trust a crypto.
sr. member
Activity: 574
Merit: 251
December 09, 2017, 02:38:40 PM
The disadvantages of BTC? I think the price is too volatile, as it happens today that the price drops to $ 2000 and it is like a roller coaster. I hope if marketcap more than $ 500 billion then the price is not too volatile.
sr. member
Activity: 699
Merit: 438
December 09, 2017, 02:17:43 PM
The bitcoin does not have disadvantage characteristics that should be consider. In fact bitcoin is perfectly created to provide advantages and positive to everyone;
with the help of bitcoin everyone’s life will become more convenient and easier in all aspects.
full member
Activity: 462
Merit: 100
December 09, 2017, 04:03:23 AM
Frist of all I want to say Bitcoin has not legal many countries. almost everything advantages of Bitcoin but have some disadvantage such as transaction, legalization of Bitcoin. Bitcoin price fluctuation is an advantage for traders or long time investors but it is only disadvantaged for a short time investors.
member
Activity: 151
Merit: 10
December 08, 2017, 01:21:37 PM
We all know the advantages of BTC, but what are some of the disadvantages??
many things if you have to mention the weakness of bitcoin.tetapi here I can only mention one saja.yaitu prices are soaring very fast.these results in the interest to buy bitcoin.apalagi beginners who do not have enough capital to buy it.but, in fact there are some a way to get bitcoin with minimal capital. whether by following an advertising campaign, or so on that held by the bitcoin.
sr. member
Activity: 630
Merit: 258
December 08, 2017, 01:02:29 PM
If there one thing that leads to a disadvantage of using Bitcoin is that they not provide you a physical substance of ownership.
Therefore the transfer of ownership is delivered through constructive process which supported by legal papers.
newbie
Activity: 33
Merit: 0
December 05, 2017, 09:24:39 PM
I think digital currency would not be a course however a quick studies only. It oug be trained in computer related research and finance programs to completely make use of the capability of bitcoins to be a full-blown income generating digital business. Accurate sufficient, many should not ignore the purchasing energy and also the bright potential bitcoin has on lots of people specifically young professionals who are presently taking college applications.t oht
newbie
Activity: 69
Merit: 0
December 05, 2017, 10:45:15 AM
Some disadvantages are the high transaction fees that sometimes has no explanation why. But we must still follow this because it is where we gain money and it is a safe way
sr. member
Activity: 742
Merit: 250
December 05, 2017, 10:32:34 AM
We all know the advantages of BTC, but what are some of the disadvantages??
Depends on you how can you use bitcoin.there are advantages and disadvantages in all think. but it depends how you use. if you use in good way then it’s advantages and if you use in bad ways then it’s disadvantage.hackers now days use bitcoin nowadays. people are buying illegal thinks and use bitcoin as a payment services. No one can find and track the receiver and sender.
full member
Activity: 350
Merit: 100
December 05, 2017, 10:30:46 AM
The advantages of net profit are great for people, it can be as much as a person's life.
newbie
Activity: 55
Merit: 0
December 05, 2017, 10:13:08 AM
i would say that the speed of transactions are slow, mining takes a lot of time.
sr. member
Activity: 602
Merit: 258
December 05, 2017, 09:48:37 AM
All things in this world have weakness from itself. The management and company of bitcoin use their weakness to improve their services given to the public;
in this way they use all conflicts and disadvantage to innovate and improve themselves.
newbie
Activity: 29
Merit: 2
December 03, 2017, 04:24:49 PM
We all know the advantages of BTC, but what are some of the disadvantages??

bank/government will never support it , hard to exchange it into cash and hard to use it as coin
member
Activity: 112
Merit: 10
December 03, 2017, 12:27:43 PM
If the virus wipes your bitcoin purse file (this refers to accounts that are on local devices) or can track the password - your money will not be returned. And also here it is necessary to include a rather large amount of occupied space: the whole transaction block (beginning of 2017) is already over 100 GB. This is a consequence of how the crypto currency bitcoin is constructed. Secure synchronization (updating the database) will also take some time, which will affect the usability of the operation.
If you figured out why you need bitcoin and decided to invest money, you may face a drop in prices due to lack of demand. The cost of crypto currency is determined by capitalization and demand (and only by them) - this is a consequence of how bitcoin works.
Virtual money bitcoin does not support refunds for password theft or deception. Nobody has sufficient capabilities and authority to conduct a reverse bitcoin transaction, unless you are returned by the one who appropriated them.
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