Bitcoin Forum

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 ?

Probably the high fees that we need to pay daily.

I use bitcoin to send and receive daily payments, maybe it is a bad thing to use bitcoin for daily purposes instead of holding, but i need to do it because of my bussiness (bitcoin related)
And the fees are outrageous.. they are going down right now, but they are still pretty expensive.

Maybe its tx confirmation speed?and blocksize  is too small for a lot of transactions every minute,needs some upgrade!

It is something that is temporarily.
Soon lightning network comes out and the network is going to be a lot faster and cheaper then it is right now.

The thing that I hate about bitcoin is that it consumes a lot of power that could have been used for other things.
We can switch to POS from POW at any time, and we won't need to consume so much energy as we do now.
The process of calculating a block is just trying to guess random number, the whole process doesn't have any real purpose and is just wasting energy and makes an environment pollution.

Being irreversible of transaction is the product of being decentralized. A great feature that carries an issue. Though it is not considered as a big issue. Just proceed with caution and carry more cautions ;D

The thing that I do not like about Bitcoin is in the aspect of transaction also. It would be very nice if Bitcoin transaction could be done within seconds. But since mining a block requires 10 minutes at minimum we should wait for minutes, hours, or even days before our transaction be confirmed. Waiting sucks :( Another thing is that, transactions can be prioritized based from the transaction fee added. Perhaps a FIFO protocol should be embedded to the Bitcoin network so that all transaction is fair. Last is the increasing required transaction fee. This issue is absurd. (Nothing to discuss here, you all get the idea, right?)

Actually I appreciate the irreversible nature of transactions. One thing I currently dislike is that transactions are slow and expensive, in time this will improve but it's been holding bitcoin back for too long now.

I don't like very slow transaction speed unless I pay high fees.
I don't like high fees to be honest.

What I don't like about bitcoin is its transaction fees are too damn high compare to ethereum. Your transaction can't be approved unless you pay high fee. bitcoin being decentralized has advantage and disadvantage, One of the pros that bitcoin has is it does not go through central banks, meaning you don't have to pay any taxes and the disadvantage about bitcoin being decentralized if you accidentally send btc to a wrong address you can never get back your BTC.

I think that we all agree on the same thing.. We all hate to pay those huge fees that we are always having to pay everytime that we want to make a new transaction.

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It is impossible to avoid them, haha, but there are some ways in that you can try to "avoid" them at some point, just like trying to use other exchanges or just those wallets who are paying a common fee between all the users.

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Like Poloniex, each transaction will cost you only 0.0001 BTC, that is less than $1,5 at the moment.

If we talk about the shortcomings of bitcoins, then this is a large volatility of the currency.  In other words, even a month the price of bitcoin can make huge leaps.

What I don't like about btc would be the people who uses it for scams and robbing people. Due to its high value people tends to get blinded by the idea that this is the easiest way to get rich. This is one of the reason why btc is being dissed in my country.

That is one thing that I don't like about the cryptocurrency and the blockchain technology. Transactions cannot be reversed. The only chance that you will be able to get back what you have sent wrongly is when you were able to send it to a proper address and the person on the other end of the line is kind enough to return to the sending address what is not his. But of course this is going to happen with only a 2% probability. So let us just be very careful in our transactions. Other things that I don't like are the typical transaction fee and the long confirmation time.

I really like the crypto currency because it is unique and can make a lot of money and can free the economic problems in my life, but also there are things I do not like from crypto such that if we miscast we will lose our money and hard to get back.

Since there is no third party when transacting Bitcoin and when the transaction is already made it will be recorded to blockchain that is why it cannot be reversed, and this is why we use escrow if we are going to transact with people that we don't trust to avoid being scammed. What I don't like about Bitcoin is of course what other people also don't like, the very high transaction fee that makes it not practical to make small transactions and the slow confirmation time. But I believe that it will be resolve soon because lightning is on its way to be implemented.

It is slow, it has expensive fees, it does not have soul and I don't like its name. I think it is enough :)

Hello! Most of all, I am upset by the high payment for transactions and the inability to make the cancellation of transactions. Another thing that worries me is the tremendous consumption of electricity and resources for its production, which is necessary for bitcoin mining. Often I ask myself: is it worth bitcoin of such expenses, which is difficult to fill? Recently, projects began to appear that are planning to use alternative sources for mining. This makes me happy.

Bitcoin is not Stable
Bitcoin is a speculative currency. While there are not enough companies currently offering the purchase and sale of products with bitcoin as a means of payment.

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.

I don't like the confirmation delays..

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

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.

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

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

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 ....

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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

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.