I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
True, I also feel the same irritation when doing a transaction with a small fee. Eg fee 0.0001 btc with blockchain wallet. I'm sure you'll get confirmation the next day Lol
Topic: What do you think are the biggest disadvantages of Bitcoin? - page 59. (Read 76730 times)
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
True, I also feel the same irritation when doing a transaction with a small fee. Eg fee 0.0001 btc with blockchain wallet. I'm sure you'll get confirmation the next day Lol
the disadvantage of the coin is spreed slow,it can't as a pay tool
The biggest disadvantage of Bitcoin is the fact that no one is controlling it and the delay of transaction confirmations. It really takes too long but hopefully it'll be fixed in the near future.
The confirmation time will never be solved and it is the biggest disadvantage of Bitcoin. Moreover, Bitcoin only has 21 millions coin and I believe it can not adapt the people demand.
The fact is that Bitcoin will not be implemented for general use because its demand will not be able to cover the offer. Bitcoin will remain the currency for a certain Circle of users, And it can not be a disadvantage, Well, here's the confirmation time that's certainly a big minus.
The confirmation time will never be solved and it is the biggest disadvantage of Bitcoin. Moreover, Bitcoin only has 21 millions coin and I believe it can not adapt the people demand.
I think and i consider this popular issue or maybe bug on blockchain now as a big disadvantage for bitcoins,the double spents transactions which is being used to scam other users.I have read many complains about this.So i consider it as a disadvantage cause it makes negative results
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 
Out of 7 billion people there are only 100 million people and counting ( based on 2016 survey ) are using bitcoin as a investment, payment, gambling, and other things that you can do in bitcoin. There is still small amount of percentage of people who knows and learned about the virtual currency world. I also think that this is the reason why bitcoin is still not used as a mainstream payment in stores, it would be convenient if it happens but the only problem is that the rate of change on bitcoin, it is not constant and it varies over time so its really hard to use it as a payment option. unlike real money if you have $1 its value is $1 than if you have 1 BTC it changes the rate over time but also the good thing is that if the rate is high it is better for you so its really and 50/50 percentage. Hope it helps
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
You are right, but I think internet is mostly everywhere in the whole world. So internet problem can be solved and you can control your bitcoin without any problem.I think the only disadvantage about bitcoin is the delay of transactions confirmations. If they fix that, it will be awesome. I think paying high fees is not neccesary if they update the blockchain.
The biggest disadvantage in bitcoin to date is that there is no legal protection, so there is still a sense of worry in the event of possible disadvantages, such as natural disasters for example. That's the only disadvantage in bitcoin.
There is no need for legal protection here on BTC because legality for BTC will just make it destroy. Anonymity are directly contradicting legality so there is no way to combine that two factor. The only thing you must consider for safety issue here is always keep secrets any information about your wallet and always be nothing.
I think the number one is Transaction Time, it takes too long and that is why it is not being used at the local market, or local businesses or day to day trades in real world.
If that can solve somehow, its use/reach will expand hugely.
Then maybe the only factor remaining will be the price fluctuation, but I believe people will still start using it as they'll know there is a less risk of losing and more chances of profit eventually.
If that can solve somehow, its use/reach will expand hugely.
Then maybe the only factor remaining will be the price fluctuation, but I believe people will still start using it as they'll know there is a less risk of losing and more chances of profit eventually.
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
Yes, we need internet to transact using bitcoin but the development of the time will facilitate us in accessing internet easier and faster. Bitcoin trasaction will take longer time when the traffic is high. I hope the developer of blockchain or anyone can solve this. 
The biggest disadvantage in bitcoin to date is that there is no legal protection, so there is still a sense of worry in the event of possible disadvantages, such as natural disasters for example. That's the only disadvantage in bitcoin.
The big issue happening with bitcoin is the delay taking to get your transaction confirmed, and the suddently raise into the fees to try to get your transaction completed fast as possible, this is a huge issue since bitcoin had low fees and transactions speed were normal, 10-30 minutes and it were done, the number of transactions raised and now we are in the middle of solutions.
I think Bitcoin's price is a double edged sword. It's price volatility means that you can make slot of profit by trading or simply holding on. But sometimes, things can go wrong and in a flash the price could plummet. This problem could be fixed if more people used Bitcoin, with a large community and a stable market cap.
Yes the volatility is a double edge sword because we can get benefit from it and we can also get a huge loss because of it but i think we can still have a higher chance of getting the benefits of being volatile of bitcoin by having a lot of information to make it as a basis in buying or selling bitcoin in the markets. 
I think Bitcoin's price is a double edged sword. It's price volatility means that you can make slot of profit by trading or simply holding on. But sometimes, things can go wrong and in a flash the price could plummet. This problem could be fixed if more people used Bitcoin, with a large community and a stable market cap.
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
True if you use a low fee of course the transaction you get will be very slow, and it is different with tagline bitcoin which he said fast and cheap transaction 
I am not satisfied with the too long speed of operations. It's still bad that you can not use your coins without the Internet.
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
Well,every body knows that today,the greatest disadvantage of bitcoin is the longer time taken for transaction.Another disadvantage is the fluctuation in price due to which small merchants don't accept bitcoins.They would even fear that their transactions could be easily traced by governments for taxes.Well, looking at the price of bitcoin today, the price fluctuation seems to be a good thing. It's a double-edged sword honestly but everyone that bought bitcoins in the past have already made profits by now since this is the peak. Someone who would think that their transactions can easily be traced by the government should do their own research. Sure the government can find the addresses/wallets that's connected to their company but does it matter? You're going to pay taxes anyway since you're running a business that's registered on your local government.
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
Well,every body knows that today,the greatest disadvantage of bitcoin is the longer time taken for transaction.Another disadvantage is the fluctuation in price due to which small merchants don't accept bitcoins.They would even fear that their transactions could be easily traced by governments for taxes. Jump to: