What don't you like about bitcoin | Bitcointalksearch.org

cybersofts

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Quote from: munareal on January 09, 2018, 02:51:08 PM

All crypto currencies have their pros and cons . I do not like the fact that transactions are can not be reversed.What don't you like about bitcoin ?

Well, I like bitcoin for a quite many things I think.

1. Bitcoin is a digital currency
2. Bitcoin instant transactions
3. Bitcoin is fully decentralized
4. Bitcoin is acceptable worldwide
5. Bitcoin offers more privacy and security

And finally but not least, the bitcoin exponential growth.

brengoskandel

member

Activity: 210

Merit: 10

costs are now higher, and the length of time of confirmation.
Everyone complains about it, but there is no right solution for this, I hope there will be an update for faster transactions and less high cost

DexterRock

newbie

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At the moment the biggest issue is that increasing value brought in many speculative investors and number of transactions is pushing the transaction cost sky high. Not suitable for small payments ATM.

Kamote_1102

full member

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What I don't like about bitcoin, is the value of it is not stable.that's why you have to wait for the right chance or opportunity before you trade. Though,sometimes it has an advantage too but I still see it as one of the downsides of bitcoin. I'm hoping that someday it's value will be stable ot if in case that it might change again,it should go higher.

hitrawal91

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Quote from: munareal on January 09, 2018, 02:51:08 PM

All cryptocurrencies have their pros and cons. I do not like the fact that transactions are cannot be reversed.What don't you like about bitcoin?

The Main thing which is disturbing the bitcoin traders is the High Fees which I need to pay daily or for every bitcoin transactions and because of this I sometimes think that I am forced to use bitcoin for my business as it is must for my business.Other than this the even the power consumption is also a major problem, which I think in future will get solved because here in our country India, there are still places where using the electricity is still a dream. So we can easily use the Electricity there where it is much needed than in bitcoin.

MaxGiant57001

newbie

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Bitcoin lacks platform which facilitates peer-to-peer contracts and applications via its own currency vehicle unlike Ethereum.

Pamela Jobelle

member

Activity: 154

Merit: 10

i don't like about bitcoin when it comes to transaction of money and it will not be transferable to bank. It takes two weeks to to process your bitcoin.

skyland999

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Activity: 213

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Wonderful World

Others agree with me that the old transaction and the high cost, is that true?

I received the transaction not until nearly three days and I think maybe in a week

mona55

member

Activity: 143

Merit: 11

why you don't like bitcoin i don't know.but i like bitcoin.though it's transaction fee is high but i like it.i invest my money in bitcoin.

Yhan-yhan

newbie

Activity: 144

Merit: 0

I hate most in bitcoin is their transaction fees on blockchain is too expensive and sometimes confirmations were delayed and took how many days before you will received it to your wallet.

darkywis

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I really like bitcoin because it give us the opportunity to earn profit but the thing that I don't like is that the transaction fee that keeps increasing and sometimes takes days to process.

kdiag

full member

Activity: 490

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I do not like very long time transactions, as well as very expensive fees for sending bitcoins, because of this i have to use faster altcoins.

kiver

full member

Activity: 210

Merit: 100

there was one thing i didn't like about bitcoin at first that i hope there will be a solution for in the future that was the huge use of electricity and now, of course, the high fees which isn't fair for the people with the small amounts transactions but if they made the fee depend on the send amount it will be great that's all ....

RobertoMakeli

newbie

Activity: 61

Merit: 0

I hate high fee, low speed transaction and delay confimation but I still love bitcoin and hope its price will go up more and more

1-DevelopEX

newbie

Activity: 20

Merit: 0

Lets be honest about it we all experiencing high demand of transaction and so the cost of transferring is high, and the security issues and yes irreversible wrong transaction,,, and its not funny and productive as a merchant and as a user

dado7

full member

Activity: 322

Merit: 141

Quote from: kojoannan on January 10, 2018, 02:56:38 AM

The huge fees of sending bitcoins is the main disadvantage of using bitcoins as a means of exchange. Again, as you said, the inability of not reversing transaction after be mistakenly or unknowingly sent to wrong address make it very bad.

Obvious pros: blockchain, community, brand;
Cons: security issues, slow transactions, scalability problems, unreversible mistakes.

Basically the main personal issue I have is that I don't like to use something for which I cannot click "accept" and be absolutely in ease with mind.....
However, I do expect a big development in this field through 2018. There are already many good things regarding the security and user friendliness developed in other areas of the internet, and simple c/p could solve most of the problems.

kojoannan

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The huge fees of sending bitcoins is the main disadvantage of using bitcoins as a means of exchange. Again, as you said, the inability of not reversing transaction after be mistakenly or unknowingly sent to wrong address make it very bad.

TTTaka

jr. member

Activity: 57

Merit: 10

I don't like high fees，unless I can tolerate it slowly.
And too many people try to sabotage Bitcoin.

bitcoinfrings

jr. member

Activity: 110

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I don't like the confirmation delays..

mung_nasib

full member

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Probably in the process of block transactions that sometimes got disturbed so that makes me uncomfortable Moreover in added to the cost that is now soaring.So I expect such problems are resolved as soon as possible in order to make someone happier if you want to do various transactions in the future.

Topic: What don't you like about bitcoin (Read 253 times)