Topic: What do you think are the biggest disadvantages of Bitcoin? - page 19. (Read 76757 times)
December 06, 2017, 02:44:30 AM
bitcoin disadvantage comes when some people abuse thier earning and use it in a badway. bitcoin price is not stable also, so thier is a possibility that instead of gaining profit, you ganno loss it because of the sudden down of bitcoin price.
December 05, 2017, 10:07:53 PM
All bitcoin users must have experienced losses. However, if we are reliable in managing bitcoin despite losses of course the loss will not be big because it is a risk of the investment of bitcoin. However, one of the biggest losses of bitcoin is when we have a fairly large bitcoin balance and the balance is taken entirely by hackers.
December 05, 2017, 09:22:03 PM
Main disadvantage of using bitcoin is its non easy conversion to money. As it is decentralised and no one can control over it, hence people worried about of how they get returns of there investmets.
Also price fluctuations is another drawback of using bitcoin, its unstable market losses relibility on it.
Bitcoin still not legalised all over world, is also affecting it to come in main stream.
Also price fluctuations is another drawback of using bitcoin, its unstable market losses relibility on it.
Bitcoin still not legalised all over world, is also affecting it to come in main stream.
December 05, 2017, 09:09:09 PM
The biggest disadvantage of bticooin for me is it is all over the internet. We all know the some advantage can be also the disadvantage. I can say that it is a big disadvantage because there are a lot of hacker out there. We can’t full trust something that is in the internet today because of those people who abuse or sometimes intentionally destroy what they think should be shutdown.
December 05, 2017, 08:40:04 PM
The fees, transaction time and volatility. The fees are too much just to buy any cheap products. The transaction time is not convenient if you are falling in line to buy something and still need to wait to confirm they have received your payment. Volatility will be a big probem when it become mainstream.
Yes, someone really needs to develop a good stable coin. I really like what basecoin & Maker are working on.
December 05, 2017, 08:36:01 PM
The fees, transaction time and volatility. The fees are too much just to buy any cheap products. The transaction time is not convenient if you are falling in line to buy something and still need to wait to confirm they have received your payment. Volatility will be a big probem when it become mainstream.
December 05, 2017, 07:42:36 PM
Bitcoin will become a "bubble" of investment when inflated inflated prices. That will make many investors lose confidence in bitcoin.
December 05, 2017, 07:38:37 PM
fees , transaction time and the ungodly amount of wasted electricity and it going to get worst
December 05, 2017, 07:37:25 PM
If you mistakenly pay someone by using cryptocurrency, then there is no way to get a refund of the amount paid. All you can do is to ask the person for a refund and if your request is turned down, then just forget about the money. When the network is down, your Bitcoins are gone also.
December 05, 2017, 07:31:47 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 
I think its ever increasing transfer fees. Those aren't really cheap, in my opinion. It's trying to defeat the primary purpose of bitcoins which is to have cheaper transaction or transfer fees. One more thing that is a disadvantage to bitcoins is the time it takes to refresh the system in order to confirm that the other party has received the bitcoins you sent.
December 05, 2017, 05:26:16 PM
What about bitcoin energy consumption?
Big disadvantage !!!
Big disadvantage !!!
December 05, 2017, 05:15:14 PM
While the existing biggest drawbacks are bitlocked, this is a problem with its relatively incomplete confidentiality, too long transaction time and significant transaction fees. For some reason, they have not been solved for too long by the bitcoin development team. This threatens the fact that bitkoyn can lose its leadership in the crypto currency.
December 05, 2017, 01:32:23 PM
Bitcoin is the best technology.. But still it has some disadvantages such as it is untraceable, unpredictable and everyone cannot be trade..
Untraceable..
The bitcoin is cannot be trace to anyone.. So they can use it to crime.. If you need to trace it you will gain only loss..
Unpredictable..
Bitcoin price is unpredictable like fiat currency. It does not have the stable value.. Everyone cannot trade easily..
Untraceable..
The bitcoin is cannot be trace to anyone.. So they can use it to crime.. If you need to trace it you will gain only loss..
Unpredictable..
Bitcoin price is unpredictable like fiat currency. It does not have the stable value.. Everyone cannot trade easily..
December 05, 2017, 12:46:04 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.
yes sir very important information. nany countries don't accept bitcoin as legally . many countries accept it but when all countries accept it as legally, then bitcoin is more flexible and effective. December 05, 2017, 12:36:56 PM
I think the biggest disadvantages of Bitcoin is that the transaction speed is too slow and the fee is so high. Both of them prevent the development of Bitcoin. I believe that if the developers can improve those problems, the Bitcoin price will go to the moon.
December 05, 2017, 12:28:30 PM
The biggest bitcoin disadvantage is legalization, because of dirty money many countries dont want legalize bitcoin and governments blocking everything what is connected with bitcoin and because of this ordinary people who live in these countries suffer. Transaction fees are too much big, more bitcoin course grows more fees will be. Bitcoin doesnt depends from anyone or anything, so at any moment bitcoin course can fall till couple of dollars or cents and no one will can do anything about it.
December 05, 2017, 11:42:37 AM
Maybe the disadvantage of bitcoin is we are in new technologies but haven't approved into any payment type sure some of sites are acknowledge bitcoins constrained objects only, all in all are good with bitcoin but i know time will come that will be acknowledged bitcoin from any merchant in the world.
December 05, 2017, 08:47:07 AM
Bitcoin although gaining popularity, not everyone believes in it's credibility. It is not implemented in every country, a very volatile currency. The value of it is always fluctuating.
December 05, 2017, 03:35:50 AM
The main disadvantages are the high cost of transactions, and for a long time, but these problems are already solved in the face of other coins.
December 05, 2017, 01:40:38 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
I think the biggest advantage of bitcoin for me would probably be the fact that it relies to much on the internet. There should be a way for bitcoin to be used without involving the internet. The same with transferring of files from one cellphone to another using bluetooth or the application, "Share it." This could be one major problem that might incur in the future.
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