Currently bitcoins has following cons:
1) Huge price that doesn't let newbies enter the club, that's why bitcoins are mostly traded between rich people;
2) Technical disadvantages like missing smart contract supports that doesn't let bitcoin to be a complete financial tool;
3) Bitcoin as well as other crypto is still digital money for geeks, it's not simple to use thus not popular.
Topic: What do you think are the biggest disadvantages of Bitcoin? - page 16. (Read 76745 times)
December 26, 2017, 06:41:48 AM
December 26, 2017, 06:38:23 AM
the biggest advantage of bitcoin is from sideline but you want to be full-time more ok because bitcoin is great because the value of today is great in trade.
December 26, 2017, 06:36:06 AM
The biggest disadvantage right now in bitcoin which I think everyone will agree is its increasing transactions fees and slow transaction process. I think its the big problem bitcoin is now facing, and it needs to fixed as soon as possible.
December 26, 2017, 06:33:16 AM
biggest disadvantages with bitcoin is unstable price of bitcoin.
it is changes fast without control and hard to make trading using it
Well if for you this is bitcoin disadvantage then I am not agree with you because if bitcoin is not having fix price then it is good and for this people do like bitcoin. Now in several places people use to invest in bitcoin just because it changes bitcoin price and give them profit I like bitcoin for high price up and increase so I am sure I will invest in bitcoin and will get huge profit, to be honest I did not find any disadvantage in bitcoin. it is changes fast without control and hard to make trading using it
December 24, 2017, 11:50:38 AM
Many people say that the delay during confirmation is the biggest disadvantage of bitcoins, but I do not think it's a big problem if you add a higher fee, as if you wanted to make money quickly in your purse, then you must afford to pay a higher fee and for me it does not matter.
December 24, 2017, 07:30:28 AM
biggest disadvantages with bitcoin is unstable price of bitcoin.
it is changes fast without control and hard to make trading using it
it is changes fast without control and hard to make trading using it
December 24, 2017, 07:26:37 AM
The big disadvantages of bitcoin is the big movement that he can do up or down specially now as we see he is down from 19k to 13k in 2 days and if we buy at the moment we will get a big lose
December 24, 2017, 03:32:34 AM
One of the most notable disadvantages of bitcoins is the fact that transactions done using it can get public. Careful purchase is considered.
December 22, 2017, 09:33:13 AM
In my opinion, the biggest disadvantage of bitcoins is its legitimate value. The value of a currency is what people consider to be their legitimate / acceptable value. Thus, for bitkoynov people who hold more coins, have a greater effect on what will be the value of coins.
I must agree with this. To add more, I think that the possibility that bitcoin can be used for illegal transactions is a very big disadvantage of it. The legitimacy of actions taken under this cryptocurrency is questionable especially that there are arising issues that bitcoins are now being used to transact or buy illegal drugs. Also, some of the countries do not recognize yet the existence of bitcoins that technically makes it illegal for now to some countries.
December 22, 2017, 07:41:56 AM
I think the biggest bitcoin loss when I redeem bitcoin with fiat currency takes 3 days to wait for confirmation and bitcoin price increases after it is confirmed and then bitcoin price drops as my biggest loss.
December 22, 2017, 06:55:37 AM
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 
The biggest disadvantages of bitcoin to the world of digital currency its system in block chain because the pathway of exchange until now cause heavily traffic.mostly if you have trading investment transaction,you can experience pending,and can make you sometime's worried of your capital to flew away,and you dont know where should you raise your complain,and sometimes i ask to my self why should segwit2x would not implemented to reduce the co'z of heavy traffic in block chain.
December 22, 2017, 06:11:01 AM
IMO, the biggest disadvantage is slow speed and low commissions. I'm so afraid to become stuck with coins if market dumps heavily. If -50% rapid correction happens, all my money will be gone by the time I deposit to an exchange. But hopefully, this will be solved soon.
December 22, 2017, 05:59:21 AM
In my own opinion, the transaction time as well as the fees have turned on Bitcoin itself and its users. I'm not one to judge how the job should be done, all I'm saying is those two have turned into major drawbacks for this coin.
December 22, 2017, 05:57:26 AM
biggest disadvantages of Bitcoin can’t be used by all over the world.
if all use will have 600 transaction per sceond
if all use will have 600 transaction per sceond
December 22, 2017, 04:58:27 AM
In my opinion, the biggest disadvantage of bitcoins is its legitimate value. The value of a currency is what people consider to be their legitimate / acceptable value. Thus, for bitkoynov people who hold more coins, have a greater effect on what will be the value of coins.
December 21, 2017, 11:57:38 PM
Bitcoin is not completely implemented in every country and due to very low transaction fee many people are using for illegal activities, The price of bitcoin is also not stable.
Bitcoins have some disadvantages too, i, e many countries don't accept it legally, banks are not accepted it, many online crime are held, but having disadvantages it has thousand of advantages....... December 21, 2017, 10:53:12 PM
acceptance rate - many people still not aware of the existence of bitcoin. every day, the more business receive bitcoin because they want the advantage of the use of bitcoin, but still user list is still a little and need to grow to benefit from the effect of the network. volatility - total value of bitcoin outstanding and the number of business using bitcoin still very small than it should. therefore, events small, trade or business activity can significantly affect the price bitcoin. in theory, the volatility of this will be reduced as the development of the market and technology bitcoin. previous never there currency self-created, so it is difficult (and interesting) to imagine the development of what will happen next. development ongoing - software bitcoin still in beta version with many features incomplete is still developed active. device, features, and new service middle developed to make bitcoin safer and easier publicly accessible. some of the development is still not ready for everyone. most of the business bitcoin still relatively new and have not been offering insurance. in general, bitcoin still in the process of maturation.
December 21, 2017, 10:17:24 PM
I think the biggest disadvantage of Bitcoin is about its value; How do I say so? Bitcoin had been introduced to me lately then I created my account. Upon searching information on google, I saw how its price change. It gets high and low; it is not stable; and I think it is negatively affects people.
December 21, 2017, 10:16:54 PM
The biggest disadvantage is that I have to wait for 2 days for my transaction to get confirmed
December 21, 2017, 10:16:15 PM
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
First thing to improve in bitcoin is the transaction time, the faster the better. Second, if you accidentally send BTC to wrong address, hope you can still retrieve it. Jump to: