one of the biggest disadvantages bitcoin is that the longer the time of confirmation. we have to use large amounts of fee for faster delivery. This should be kept for the future we will be using bitcoin regularly.
Well i think this is not a biggest problem or disadvantage in bitcoin since we can control what speed we want and even we are paying high fee or above default fee for every transaction if we compare the payment fee into other payment process it is still advantage of bitcoin.. i think the big disadvantage with bitcoin many people are scam by bitcoin and many illegal users abusing the use of anonymity of bitcoin .. 
Topic: What do you think are the biggest disadvantages of Bitcoin? - page 82. (Read 76758 times)
one of the biggest disadvantages bitcoin is that the longer the time of confirmation. we have to use large amounts of fee for faster delivery. This should be kept for the future we will be using bitcoin regularly.
I think the biggest disadvantages of bitcoin is the internet connection. Once you don't have a data connection in the internet we cannot earn bitcoin, and if ever you have an internet which you can monitor what is going in the update about it, the fluctuation is the next problem into or transaction in bitcoin in any exchange sites.
in present advance time i think internet is not a problem, because the facilities of internet is present everywhere even in the most backward countries of the world. therefore internet is not such a big problem for bitcoin. The number one disadvantage I see with bitcoin is not being able to reverse transactions as this would attract more investors, as they would want to extend their buyer/seller protection to them.
Actually it is not a disadvantage if you are a merchant and selling only good products, some buyers are just making a reason to return what they bought for no reason or for reason that they don't want the product. It will only be a disadvantage to buyers who really bought a defective product since they cannot just ask for a refund since there is no one to handle that dispute.
But since escrows are there, as a mediator, they could serve as a buyer/seller protector too... So we must practice using escrow service when buying and selling...
The number one disadvantage I see with bitcoin is not being able to reverse transactions as this would attract more investors, as they would want to extend their buyer/seller protection to them.
One of the biggest disadvantage of bitcoin like other cryptocrurrency is its high volatility or unstable value, more unstable than any other currency. Anytime the price can deflate in value or drop sharply whenever people seem to put less trust in it or some hacking incidence.
thats not a disadvantage, its part of the bitcoin ecosystem, price valuation happens on all commodity and not only bitcoins. and there no cons on using bitcoins in my opinion.
One of the biggest disadvantage of bitcoin like other cryptocrurrency is its high volatility or unstable value, more unstable than any other currency. Anytime the price can deflate in value or drop sharply whenever people seem to put less trust in it or some hacking incidence.
I think the biggest disadvantages of bitcoin is the internet connection. Once you don't have a data connection in the internet we cannot earn bitcoin, and if ever you have an internet which you can monitor what is going in the update about it, the fluctuation is the next problem into or transaction in bitcoin in any exchange sites.
Internet isn't really a problem, since it is understood that when we use bitcoin, we should have internet and it is one very important requirement. So I don't see it a problem. Different prices in different exchanges too isn't a problem since it is their rate and they are not stealing your bitcoin, it would only turn bad if after depositing your coins they slowly eat your bitcoin.
i think one of its disadvantages is its lack of mass information. that is why it leads to lack of mass adoption.
The biggest disadvantages from bitcoin in my opinion is still vulnerable hack and bitcoin is always used for the negative activities. That is seems to me that the weakness of bitcoin makes someone difficult to believe with bitcoin. That is one of the things that could prevent bitcoin to be accepted as payment. In addition, many scam it will affect my opinion. If bitcoin can be overcome, I believe bitcoin will be accepted as payment.
fiat also vulnerable , hackable. paypal and any other offline/online payment gateaway have been used for illegal activities too, a lot of scam attempts has been made everywhere . so i think nothing specific problem here.the only concern i feel are when bitcoin looks like a trifle , manipulatable. just look at the drop price up to 20% within a day.
I think the biggest disadvantages of bitcoin is the internet connection. Once you don't have a data connection in the internet we cannot earn bitcoin, and if ever you have an internet which you can monitor what is going in the update about it, the fluctuation is the next problem into or transaction in bitcoin in any exchange sites.
I don't see any. Maybe at the beginning needed some time and attention to learn in which way is used but for the rest none. Even the fact that is digital money is overcome from being used through the debit cards. So is the same like the other money. As for the fact that is not used widely this maybe come from the fact that is not official money.
Yeah I have the same thinking with you. I do not see any important disadvantage of bitcoin. Although the transaction time is litle bit long, but the transaction is world widely. Bitcoin transaction still faster than bank transfer that costly and difficult for transferring money in different bank. I agree! Though we could really say that now a days the transactions requires time unlike before an hour or 2 before yyou received it but all in all it is faster than other transactions. But sooner or later they could fix that. All in all i dont see any problems or disadvantage of bitcoin eversince.
For me the biggest advantages of bitcoin is for those who doesn't knew about it because opportunity missed them a lot if they still don't knew how important bitcoin is for our lives. And if talking advantages for us who already knew this i think there were only minimal of it due to its fastest transaction online and easy to convert to fiat currency of online wallet. That disadvantages will be lessen because more will be adopting btc soon as demand keeps rising of bitcoin economy which many user buy bitcoin for good purposes.
I don't see any. Maybe at the beginning needed some time and attention to learn in which way is used but for the rest none. Even the fact that is digital money is overcome from being used through the debit cards. So is the same like the other money. As for the fact that is not used widely this maybe come from the fact that is not official money.
Yeah I have the same thinking with you. I do not see any important disadvantage of bitcoin. Although the transaction time is litle bit long, but the transaction is world widely. Bitcoin transaction still faster than bank transfer that costly and difficult for transferring money in different bank. I agree! Though we could really say that now a days the transactions requires time unlike before an hour or 2 before yyou received it but all in all it is faster than other transactions. But sooner or later they could fix that. All in all i dont see any problems or disadvantage of bitcoin eversince.
I don't see any. Maybe at the beginning needed some time and attention to learn in which way is used but for the rest none. Even the fact that is digital money is overcome from being used through the debit cards. So is the same like the other money. As for the fact that is not used widely this maybe come from the fact that is not official money.
Yeah I have the same thinking with you. I do not see any important disadvantage of bitcoin. Although the transaction time is litle bit long, but the transaction is world widely. Bitcoin transaction still faster than bank transfer that costly and difficult for transferring money in different bank. I agree! Though we could really say that now a days the transactions requires time unlike before an hour or 2 before yyou received it but all in all it is faster than other transactions. But sooner or later they could fix that. All in all i dont see any problems or disadvantage of bitcoin eversince.
Wallets can be lost! If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, or been hacked. Bitcoins have essentially been lost. There is nothing that can done to recover it. You can not complain to anyone and no one solved for you, it is horrifying!
The biggest disadvantages from bitcoin in my opinion is still vulnerable hack and bitcoin is always used for the negative activities. That is seems to me that the weakness of bitcoin makes someone difficult to believe with bitcoin. That is one of the things that could prevent bitcoin to be accepted as payment. In addition, many scam it will affect my opinion. If bitcoin can be overcome, I believe bitcoin will be accepted as payment.
I don't see any. Maybe at the beginning needed some time and attention to learn in which way is used but for the rest none. Even the fact that is digital money is overcome from being used through the debit cards. So is the same like the other money. As for the fact that is not used widely this maybe come from the fact that is not official money.
Yeah I have the same thinking with you. I do not see any important disadvantage of bitcoin. Although the transaction time is litle bit long, but the transaction is world widely. Bitcoin transaction still faster than bank transfer that costly and difficult for transferring money in different bank. I agree! Though we could really say that now a days the transactions requires time unlike before an hour or 2 before yyou received it but all in all it is faster than other transactions. But sooner or later they could fix that. All in all i dont see any problems or disadvantage of bitcoin eversince.
The biggest problem with bitcoin in my opinion is that every single transaction is available to anyone to see if they want to, that makes bitcoin very vulnerable to algorithms trying to link bitcoins with an identity.
Bitcoin isn't anonymous by design, and that's a good thing! We want every transaction to be public information. That's the beauty of it. A technology like this could quite literally kill so much corruption in governments, corporations, and people.
The biggest problem with bitcoin in my opinion is that every single transaction is available to anyone to see if they want to, that makes bitcoin very vulnerable to algorithms trying to link bitcoins with an identity.
Bitcoin isn't anonymous by design, and that's a good thing! We want every transaction to be public information. That's the beauty of it. A technology like this could quite literally kill so much corruption in governments, corporations, and people.
The biggest problem with bitcoin in my opinion is that every single transaction is available to anyone to see if they want to, that makes bitcoin very vulnerable to algorithms trying to link bitcoins with an identity.
But seeing an address and a transaction is just normal in blockchain technology. That's the way how bitcoin transaction how it goes, I guess it is much better rather than our names will be needed for each transactions and it can be seen by anyone. So I think this is not a big problem with bitcoin as other alt coins are also doing this.
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