The only thing I can think that some people will say is transaction times. It's not so fast they think but a bank transfer takes longer. People want to swipe to pay. Can Bitcoin be used like a debit card for doing that is the question ? Also you can say right now you can't soent it everywhere. That is clear to us all for now. In the future more places will accept bitcoins.
That is the point why people are go with the bitcoin because of the less hassle transactions but years passed the transaction time take so long to be confirmed and for now on that is the major problem of the bitcoin the transatioc traffic because of that many of the people are switching coin which is not good for the bitcoin.l 
Topic: What do you think are the biggest disadvantages of Bitcoin? - page 49. (Read 76768 times)
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
I think that's an advantage of bitcoin. Fluctuating prices that make bitcoin different from others. With fluctuating prices there are many users who can make a profit. Although the risk is quite large. But I think the user would prefer a fluctuating priceAnd currently that cycle is repeating so many times, creating a heck of opportunities for profitable trading.
The repeating cycles are currently not only at BTC, but also at Monero, Ethereum, etc.
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
I think that's an advantage of bitcoin. Fluctuating prices that make bitcoin different from others. With fluctuating prices there are many users who can make a profit. Although the risk is quite large. But I think the user would prefer a fluctuating price
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
I think that's an advantage of bitcoin. Fluctuating prices that make bitcoin different from others. With fluctuating prices there are many users who can make a profit. Although the risk is quite large. But I think the user would prefer a fluctuating priceThe biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
Precisely I think an unstable price or a fluctuating price is very profitable for most bitcoin users. Many of them even prefer fluctuating prices compared to stable prices. Because stable prices can lower their profits.
The only thing I can think that some people will say is transaction times. It's not so fast they think but a bank transfer takes longer. People want to swipe to pay. Can Bitcoin be used like a debit card for doing that is the question ? Also you can say right now you can't soent it everywhere. That is clear to us all for now. In the future more places will accept bitcoins.
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
You should know that most bitcoin users today are traders and investors. Where they are very fond of unstable prices because these very fast price changes will make them gain profit quickly. I think it's not a lack of bitcoinWhat'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 
Bitcoin has still many flaws that's why bitcoin is still not a mainstream. Many countries do not see bitcoin as legal and not all people can acquire bitcoin unlike money many people can get hands to it, while bitcoin you need an internet connection and a computer to earn it and many countries has no connection on internet so it still hard for bitcoin to be a mainstream like real money. Also, bitcoin transactions takes to long, when you send something or buy something in bitcoin it will took maybe hours or days just to confirm that the process is complete. Another thing is that the value of bitcoin is still not constant unlike money, bitcoin can fluctuate over time and if businesses offers to accept bitcoin and the rates will be down of course they will be deficit. So there are still many flaws on bitcoin but for sure in the future it will happen because as we can see today bitcoin as gradually gaining popularity especially big countries and governments are looking at it. So today bitcoin has still disadvantages but sooner it will be all advantages.
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
Precisely I think an unstable price or a fluctuating price is very profitable for most bitcoin users. Many of them even prefer fluctuating prices compared to stable prices. Because stable prices can lower their profits.
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
Precisely I think an unstable price or a fluctuating price is very profitable for most bitcoin users. Many of them even prefer fluctuating prices compared to stable prices. Because stable prices can lower their profits.Added to this is too long to confirm the transaction that got 1week to confirm. Also the volatility of bitcoin price that its not yet acceptable in any worldwide now.
I think btc has some difficulties but it is a whole new market and it works differently from other traditional currencies. Btc price is not stable. Many btc users are primarily connected to the network so they easily cheat.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
i think the instability its on blockchain network because sometimes the transaction is getting slow and sometime getting fast, i know its because the fee that we should pay. but if there is a large transaction then i think the confirmed transaction become late and we can see there is many delay transaction in a day.
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
But investors are literally speculators too. People don't just throw their money to bitcoins and hope that things go well. You are right that the price of bitcoin will not always increase and eventually it will go down. The point is, when is that day coming? Are we still even alive when bitcoin becomes obsolete and get replaced by a different technology? Today, we are thinking that people will transition from using fiat to using bitcoins because we know that bitcoin outgrows fiat in a lot of aspects.
With these, we know that the price of bitcoin will go up. There's no chance we all wake up one day and then the price of bitcoin is already 0.
The biggest disadvantage of bitcoin is its instability. It is good for speculators but serious investors it is a problem. All holders of bitcoins like that the price is increasing, but it always can not continue and sooner or later it can lead to falling prices and then lose all the money.
There is something that needs to be improved that is not a problem in Bitcoin itself, but in the ecosystem. I think users need safer wallets, so they will not be forced to buy hardware wallets to have a higher level of safety.
But how it will be possible if bitcoin wallets were web base there and there is a posibility of hacking of web wallets .I think it is good to buy hardware wallet as your own investment for securing the safety of your bitcoins. For me it is not the biggest disadvantage of bitcoin. There is something that needs to be improved that is not a problem in Bitcoin itself, but in the ecosystem. I think users need safer wallets, so they will not be forced to buy hardware wallets to have a higher level of safety.
The look of the bitcoin wallet that is now available is relatively safe.
as it is already available with two security levels like 2fa.
the 2fa lock is only a code holder that can be opened, and it's in very decline it's proven safe.
There is something that needs to be improved that is not a problem in Bitcoin itself, but in the ecosystem. I think users need safer wallets, so they will not be forced to buy hardware wallets to have a higher level of safety.
Bitcoin wallets are as safe as possible and the only danger is the moron behind the keyboard.
There is still no bullet proof system that can;t be penetrated by human stupidity.
The value keeps on fluctuating, not stable. It's no longer easy for newbies to invest in Bitcoins since the value is too high, only people with a lot of money can do that
Yeah?
And how do you determine that value which is too high?
You have 100$ to invest you invest 100$. You have 1000$ to invest you invest 1000$.
Why does the price matter? Why are you taking into account the value of one bitcoin?
Just think of bitcoin like gold. Is a gram expensive? Is a milligram expensive? Is 1 ton expensive?
There is something that needs to be improved that is not a problem in Bitcoin itself, but in the ecosystem. I think users need safer wallets, so they will not be forced to buy hardware wallets to have a higher level of safety.
The value keeps on fluctuating, not stable. It's no longer easy for newbies to invest in Bitcoins since the value is too high, only people with a lot of money can do that
It doesn't really matter if you have tons of money or not when it comes to investment. You get what you deserve. If you only invested a small amount of money, you can never expect to have better results with someone that invested a lot more. Unless you invested in a different coin and your coin made a lot better performance, that's not going to happen.
Back then, when the price of bitcoin was just $400, people everywhere are talking about how high is the price of bitcoin. They are saying that they are waiting for the price to go back to $200. The people (even the ones that don't have tons of money) that never listened to that opinion, just carried on, and invested in bitcoins, they have made ridiculous profits by now.
The problem doesn't reside on bitcoin's side, but rather on the investor's. They are too scared to invest on bitcoins. Hence, no profit for them. Like I said, you get what you deserve.
Jump to: