Topic: What do you think are the biggest disadvantages of Bitcoin? - page 3. (Read 76765 times)
For the the biggest disadvantage of bitcoin is simply because you can't use bitcoin in store yes there are some company accept it but not in all store unlike money you can use it in all stores if bitcoin have a many partnership it really a success.
Everyone knows that the biggest disadvantage of bitcoin is the slowness of its transactions. This is a real disaster that will destroy bitcoins in the future.
One of the big disadvantages of bitcoin is the price instability....
its good for the "investors" and those who believe in bitcoin, but for the normal average joe, it can be too much volatility.
Another weakness is the lack of ways to easily get bitcoins in most countries...
Bitcoin is a digital currency and highly volatile in nature. So its price is always unstable. And a disadvantage of Bitcoin. Due to this many investors looses their hope upon Bitcoin. Another biggest disadvantage is its decentralised nature. Due to this nature it is ban in many country. Another biggest advantage of it is its digital nature. Due to its digital in nature all its information store in a hard drive and if virus attack the drive or if data will corrupt then their is no other way to get back those data and its wallet are also hackable. Another disadvantage of it is its money transaction facility which take long processing time. its good for the "investors" and those who believe in bitcoin, but for the normal average joe, it can be too much volatility.
Another weakness is the lack of ways to easily get bitcoins in most countries...
One of the big disadvantages of bitcoin is the price instability....
its good for the "investors" and those who believe in bitcoin, but for the normal average joe, it can be too much volatility.
Another weakness is the lack of ways to easily get bitcoins in most countries...
Bitcoin is a digital currency and highly volatile in nature. So its price is always unstable. And a disadvantage of Bitcoin. Due to this many investors looses their hope upon Bitcoin. Another biggest disadvantage is its decentralised nature. Due to this nature it is ban in many country. Another biggest advantage of it is its digital nature. Due to its digital in nature all its information store in a hard drive and if virus attack the drive or if data will corrupt then their is no other way to get back those data and its wallet are also hackable. Another disadvantage of it is its money transaction facility which take long processing time. its good for the "investors" and those who believe in bitcoin, but for the normal average joe, it can be too much volatility.
Another weakness is the lack of ways to easily get bitcoins in most countries...
The biggest disadvantage if investing in bitcoin in my opinion is the risk of capital that can at any time down so mentally very in need of traders if you want to anticipate the occurrence of such problems does not cause panic.
based on my own view the bitcoin's disadvantage to us as its users is to have in mind that we may be inferior because bitcoin is a kind of digital currency so it is not stable or its value drops.
in every case there is always an advantage and disadvantage over the new things that arise so the biggest losses of bitcoin is that most people do not really calculate it as a means of payment because bitcoin is a new currency for them and most people do not know bitcoin like currency for this reason I think this is the biggest loss that bitcoin has for now.
The biggest disadvantages of Bitcoin is that it is not widely used, only a few online merchants accept Bitcoin currency . Another negativeness is there is a fearful attitude that the government will stop the usage of Bitcoin. If the Bitcoin wallet is lost it cannot be recovered ;the Bitcoin value is fluctuating constantly . when goods are purchased and if the seller don't send the promised goods the transaction cannot be reversed back. Since Bitcoin is decentralized one people believe that there is no guarantee for Bitcoin.
I think the most problem is that it will be harder and harder for the community reach an agreement, any proposal will be laid aside and argued for a long time, the profit of bitcoin is so big that no one will vote others who moved their cheese
It is apparently the confirmation times. No one wants to wait for the pending status or the transaction to be approved by miners for an hour. We are facing with the most important and innocent issue in Bitcoin.
The ruling elite of some countries is characterized by loyalty to digital currencies. For example, the USA, Israel, Australia, Britain, Belgium and others are actively working on the creation of legal mechanisms for the integration of altcoins into the economy. Although, this is not a guarantee of leveling the shortcomings and mass acceptance of Bitcoin advantages. On the territory of each state, the first cryptocurrency has an individual status. Based on the priorities of the official, Bitcoin is usually equated: to foreign settlement funds, electronic or virtual currency, and in Indonesia it is considered the equivalent of the goods.
As many have pointed out the transaction confirmation takes too much times sometimes. Thats not the big issue but in the current state of being, but bitcoin can't afford to have a radically more adoption rate as it would create huge chokepoints in which confirmation time would take forever.
Happily widespread adoption is not yet in the near future so maybe the issue will be settled by then.
Happily widespread adoption is not yet in the near future so maybe the issue will be settled by then.
Only a limited number of places and websites accept it as payment. You can't go, for example, to the shopping mall and buy the same goods with Bitcoins as you would with credit card.
Bitcoin is untraceable. Anonymity may draw in criminals in the sense that it is ways easier to sell illegal items when you can’t be traced.
in my imagination, the situation of a traveler from the future who predicted the power of bitcoin and that in its large-scale use, the world plunged into poverty, because they will own units.
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 
Precisely stopping Bitcoins from being accepted as mainstream repayment forms? I'm working on a brand new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be increased
Many people are still unaware of the existence of Bitcoin. Every day, more and more businesses are receiving bitcoin because they want to profit from using bitcoin
Bitcoin is volatile. I think it's the biggest disadvantage of Bitcoin. Its price bounces up and down every day namely because of the limited amount of Bitcoins and an increasing demand for them
But that is also the most special thing in bitcoin, if bitcoin is not volatile, it will no longer be bitcoin and it will not be popular or achieve a high value as it is now, we can make money and be profitable or not will depend very much on this feature. Personally, I would never think volatile is a disadvantage of bitcoin, this is essential, the biggest disadvantage that I think of is the permanent loss, there is no guarantee in bitcoin, if we lose or be cheated by others, we can not report to the government or the police, the next is sending and withdrawing in bitcoin often very slowly affecting the profitability of the investor, that's a nasty disadvantage
First disadvantage that nobody can control it.Second disadvantage,it has received a lot of negativity, bad press and illegal happenings.
For me, the disadvantages of bitcoin is that it is volatile, and risky. Also the price's cannot be predicted. Sometimes it get lower sometimes higher. Because of that you become unsure on when will you sell your tokens. Also sometimes if you did a little mistake you have the chance to be bannes. It is too risky.
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