Topic: What are the biggest disadvantage of bitcoin ? - page 9. (Read 1206 times)
The main disadvantages of Bitcoin are that many people are still unaware of cryptocurrencies. They do not know what Bitcoin is and how they can use it in their lives. Second, Bitcoin is highly volatile due to the fact that the amount of Bitcoins is limited and the demand for them is increasing. Last, Bitcoin is still in its infancy stage so new features, services, and tools are yet to be added.
The biggest disadvantage of bitcoin is that not everyone knows how to use it and is knowledgeable about bitcoin. It is very strange to farmers even they do not know what BTC is. Especially not everyone knows how to make money from them.
His impossiblity to scalability in currenlty time. That maybe the main problem for needs find solutions. Block size it was main tragedy in 2017. If we will increse size then we have risky be a decentralized by nodes who has more resources.
Because bitcoin transactions can not describe the economic situation of a country. This makes the government difficult to regulate the economic cycle of a country
vulnerability to hackers, high fees and not being accepted as a payment form... it would take years before people start accepting bitcoins as one of the accepted form of payment globally
Bitcoin has advantages and there are many disadvantages. One of the biggest issues is trading. Bitcoin has no own banking system, which is a major problem. There is a lot more to be hacking. Many people are betrayed by transactional fraud. Which is sad .I would like to have more secretive information about Bitcoin's superior employees so that no one fall to cheated.
I think the disadvantage of bitcoin is that many people are very keen to use bitcoin but do not know how to start bitcoin trading and how to implement them, even though they know the usefulness of bitcoin. In order to overcome that, you should learn the knowledge, read the newspaper, read the news in the newspaper and regularly update the cryptocurrency market as much as possible.
There are many advantage to btc but there are also disadvantages, just lile the value of it is very fast to decrease unlike the other coins. Many are being disappointed and hopeful that btc will come back. And i think that will be the common disadvantage of btc that the btc will always dump and will increase and subside. Those are very big disadvantage when you are a bitcoiner.
I think one of the biggest disadvantages is that we really do not know who is the creator of bitcoin, we really do not know the identity of its creator and other losses from bitcoin for me is no central bank for bitcoin.
Bitcoin is made into a mode of transaction. It is not made for investment and prices are changing. The exile from the original makes it a fiat or gold currency. The price is derived from the desire and how many people want to buy it.
One of disadvantages of bitcoin is, there’s no buyer protection. When goods are bought using Bitcoins, and the seller doesn’t send the promised goods, nothing can be done to reverse the transaction. This problem can be solved using a third party escrow service like ClearCoin, but then, escrow services would assume the role of banks, which would cause Bitcoins to be similar to a more traditional currency.
maybe the disadvantage of bitcoin is the speed. bitcoin transaction seems slow to process.
there are many altcoins that offering a better speed than bitcoin.
there are many altcoins that offering a better speed than bitcoin.
For me the biggest disadvantage of bitcoin is that it's legallity, though you can't consider it as illegal but there are some merchants do not accept it as a mode of payment, governments to certain countries, and some big companies as well. It would be better if the whole world will accept it.
maybe the disadvantage of bitcoin is the speed. bitcoin transaction seems slow to process.
there are many altcoins that offering a better speed than bitcoin.
there are many altcoins that offering a better speed than bitcoin.
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved Wink
We can believe it because it's never gonna end up our future.High trust of bitcoiners on bitcoin and popularity make it safe in the crypto field. Don't bother the current situation I believe in bitcoin because I'm sure that it should have a promising future.
Need to have a shredding program to shred off inactive and irregular members totally
The ruling elite of some countries is different loyalty to the digital storage. For example, the USA, Israel, Australia, Britain, Belgium and others are actively working on Sodium legal mechanisms to integrate altai into the economy. Although, this is not a guarantee of newer shortcomings and the mass of advantages of accepting Bitcoin. On the territory of each state, the first cryptocurrency has an individual status. Based on the priority of the official, Bitcoin is taken privat: to the Eastern settlement funds, an electron or do in virtual, and in Indonesia it is considered the equivalent of the goods at all. The lack of generally accepted standards of legal and tax Regular, RSM rok restriction scandal, working at the global level, do the disadvantages of Bitcoin is problematic. It is necessary Constant that there is a substitution of the ordered. Regulators are trying to adjust to the official standards not only the direction of the Opera digital currency, but also the segment
The biggest disadvantages of Bitcoin is that it don't work offline and that's hard to turn to fiat in some countries.
The biggest disaadvantage of bitcoin is he can down the value of the money invested in it in any second
The public blockade of Bitcoin may be his biggest flaw. This, according to Edward Snowden, the infamous American whistle. While everyone is worried about Bitcoin's transactional restrictions, very few think about the consequences of his public book on confidentiality.
There are many advantage to btc but there are also disadvantages, just lile the value of it is very fast to decrease unlike the other coins. Many are being disappointed and hopeful that btc will come back. And i think that will be the common disadvantage of btc that the btc will always dump and will increase and subside. Those are very big disadvantage when you are a bitcoiner.
You should have conspiracy with A MAJOR BITCOIN COMPANY to have set up some btc atms
There are no disadvantages of Bitcoin when it concerned to the users who are investing in it apart from fluctuations in the price. Bitcoin has only flaws according to the low transactions speed, non secure transactions, less compatible to what is required in these decentralized cryptocurrency. But in future it will proven to be well developed and highly signified money and exchange platform.
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