Topic: What do you think are the biggest disadvantages of Bitcoin? - page 14. (Read 76709 times)
One of the biggest losses in bitcoin is that we are fooled by investments that use bitcoins. Lots of digital services that use bitcoin as a form of their crime. Bitcoin which has been considered as one of the economic development in the form of digital instead used improperly by various elements. It is also caused by bitcoin users who are not careful in choosing where to invest their money in the form of bitcoin.
For me, the most prominent disadvantages of bitcoin are it’s limited and acceptance of other people. We know that bitcoin is limited by 21 million. Also, the recognition of bitcoin is very low some people still see bitcoin as a sort of scam and fraud. Even bitcoin is expensive some state is banning it, and some company or establishment are not yet accepting it. 
Based on my almost a year experience with bitcoins, there is no any disadvantage that I feel or encounter.
In fact the company of bitcoins always provide convenience and advantages.
They make every people lives more easier in all aspects which they can save more time, less manual procedures, fast transaction and more convenient way for all of us.
In fact the company of bitcoins always provide convenience and advantages.
They make every people lives more easier in all aspects which they can save more time, less manual procedures, fast transaction and more convenient way for all of us.
Bitcoins are sometimes said to be a great investment, while others claim the digital currency is one of the best ways to send or spend money online. It’s true that there are a lot of benefits that come with using Bitcoins, but what are some of the Bitcoin disadvantages?
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
There are some disadvantages of bitcoin.Firstly,it has very high transaction fees which is inconvinient.Another one is that it is not under the control of any central bank or any government so the government hesitates in legalising bitcoin in its nation as there can be cases of fraud.It is very volatile so we do not know what will be its price.It is very uncertain.It is a cryptocurrency so it needs internet.Every person does not have internet connection. Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
Bitcoins are sometimes said to be a great investment, while others claim the digital currency is one of the best ways to send or spend money online. It’s true that there are a lot of benefits that come with using Bitcoins, but what are some of the Bitcoin disadvantages?
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
but all of that disadvantage is more in fiat money bitcoin is less more in fraud and less in crime unlike fiat thiers alot of crime involving and bitcoin is more secure dan our fiat aslong we have the privates keys of our wallet .
I like the price of bitcoin
There are many more advantages than disadvantages, but that is not why you have to trust, one of the most common disadvantages may be its enormous fluctuation in value compared to other currencies "more stable". In addition, this is also related to the variable trends that can cause this currency is not accepted by the majority and remains at zero value.
Bitcoins are sometimes said to be a great investment, while others claim the digital currency is one of the best ways to send or spend money online. It’s true that there are a lot of benefits that come with using Bitcoins, but what are some of the Bitcoin disadvantages?
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
The biggest disadvantages right now for me is when
sending bitcoin payment, the payment gets stuck inside
the blockchain for hours even days I hope a fix can happen
soon to solve this unconfirmed transaction issue.
yes indeed the current payment transaction is quite difficult and long, whether the reason that many are using bitcoin it yes, so now the bitcoin payment is very difficult. hopefully all this can be resolved quickly sending bitcoin payment, the payment gets stuck inside
the blockchain for hours even days I hope a fix can happen
soon to solve this unconfirmed transaction issue.
The biggest disadvantages right now for me is when
sending bitcoin payment, the payment gets stuck inside
the blockchain for hours even days I hope a fix can happen
soon to solve this unconfirmed transaction issue.
sending bitcoin payment, the payment gets stuck inside
the blockchain for hours even days I hope a fix can happen
soon to solve this unconfirmed transaction issue.
Conventional payments have something in common that does not have BTC, they have already done TOO MUCH transactions to doubt it (and yet there are some errors), one could say that it is still little known, so that people have the enough confidence to leave the conventional for something unknown.
For me one of disadvantages is that the transactions have become pretty expensive because of the fees. Also, anonimity is not strong anymore as it used to be and sometimes the confirmation time that takes too long. Also it's not equaly accepted everywhere especialy by phisical merchants. But this are all things that could be improved in the future. The purpose in knowing the disadvantage of bitcoin is to aware us on blocking our bitcoin account.
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 
There a lot of bitcoin advantages, there few disadvantage different rate each signature campaign I hope that all the rate is equal no matter what happen to the price. There is one rate of all. Sorry I think this is disadvantage of the bitcoin.
long translations are not satisfied, and everything is fine.
Its transaction fees are too high. Bitcoin in my opinion is really good as a payment or a use for transactions but its fees are too high that even Steam stopped supporting bitcoin as a payment because of its high fees.
Biggest transaction fee of all time 
That's first big problem. And the second one is speed of this transaction. If you need fast transaction you need to pay ~50-70$
That's first big problem. And the second one is speed of this transaction. If you need fast transaction you need to pay ~50-70$ 
I think the biggest disadvantages about Bitcoin, if you lose your bitcoins by sending a wrong wallet address because it can not be restored anymore. So we need to be carefull or take care our bitcoins.
Right it is not worthy to lose bitcoin with this kind of small issue so just try to make it sure that the wallet you are using for putting all your bitcoin is secure and the site you are getting your bitcoin from is trust worthy so just hold bitcoin and for this you will have to have some good wallet and save way. But for me bitcoin does not have any disadvantage and for matter of safety is use blockchain wallet.I think the biggest disadvantages about Bitcoin, if you lose your bitcoins by sending a wrong wallet address because it can not be restored anymore. So we need to be carefull or take care our bitcoins.
Right it is not worthy to lose bitcoin with this kind of small issue so just try to make it sure that the wallet you are using for putting all your bitcoin is secure and the site you are getting your bitcoin from is trust worthy so just hold bitcoin and for this you will have to have some good wallet and save way. But for me bitcoin does not have any disadvantage and for matter of safety is use blockchain wallet. 
December 30, 2017, 09:52:33 AM
I think the biggest disadvantages about Bitcoin, if you lose your bitcoins by sending a wrong wallet address because it can not be restored anymore. So we need to be carefull or take care our bitcoins.
December 30, 2017, 09:09:05 AM
The disadvantage of BTC? In my opinion the largest disadvantages currently are the transaction speed and the transactions fees. Also the BTC price is too volatile!
Jump to: