dime2spend
Newbie
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Activity: 39
Merit: 0
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January 16, 2016, 10:46:21 PM |
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Bitcoin advantage is faster and cheaper transactions, the losses if prices suddenly plummeted. People around me still considers the BTC as a fraud My last transaction (I bought something worth 0.21 BTC) took quite some time to go through. Took more than 30 minutes to get a single confirmation even though the fee was right. If I buy something with VISA it takes only a few seconds.
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blackmachinegun
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January 16, 2016, 11:10:26 PM |
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Bitcoin advantage is faster and cheaper transactions, the losses if prices suddenly plummeted. People around me still considers the BTC as a fraud My last transaction (I bought something worth 0.21 BTC) took quite some time to go through. Took more than 30 minutes to get a single confirmation even though the fee was right. If I buy something with VISA it takes only a few seconds. yeah matter of time confirmations, currently a problem I also get annoyed if they have to wait too long, how to solve this problem?
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kheein
Sr. Member
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Activity: 686
Merit: 251
Turn your financial ideas into reality
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January 16, 2016, 11:20:28 PM |
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I think the advantage using bitcoin is very fast , low transaction costs , suitable for trading. and the shortage is not yet legalized wrote.
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franky1
Legendary
Online
Activity: 4256
Merit: 4528
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January 16, 2016, 11:33:41 PM |
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bitcoin pre 2013 pro's able to transact 0.0001 ($0.006c) - micropayments possible virtually free to transact (or less than a penny for priority) transactions settled in 10 minutes no need to reveal identity to buy on exchanges or localbitcoins
con's accepted at only 30,000 locations worldwide unregulated exchanges run off with funds, blame hackers
bitcoin post 2013 pro's accepted at over 120,000 locations worldwide
con's transactions of 0.0000015 ignored($0.006c) - micropayments IMPOSSIBLE unregulated exchanges run off with funds, blame hackers transactions cost 4pennies-9pennies on average still not classed as priority transactions still not guaranteed within 10 minutes even when paying 22pennies required to hand over full id to exchanges, BTM's and localbitcoins unless you risk face to face meetings with strangers
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Newcoins2020
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January 17, 2016, 12:19:11 AM |
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bitcoin pre 2013 pro's able to transact 0.0001 ($0.006c) - micropayments possible virtually free to transact (or less than a penny for priority) transactions settled in 10 minutes no need to reveal identity to buy on exchanges or localbitcoins
con's accepted at only 30,000 locations worldwide unregulated exchanges run off with funds, blame hackers
bitcoin post 2013 pro's accepted at over 120,000 locations worldwide
con's transactions of 0.0000015 ignored($0.006c) - micropayments IMPOSSIBLE unregulated exchanges run off with funds, blame hackers transactions cost 4pennies-9pennies on average still not classed as priority transactions still not guaranteed within 10 minutes even when paying 22pennies required to hand over full id to exchanges, BTM's and localbitcoins unless you risk face to face meetings with strangers
I think the main disadvantages is that microtransactions are not working anymore. If bitcoin would reach a price of over 10000k, it's hard to sent even 1 dollar.
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franky1
Legendary
Online
Activity: 4256
Merit: 4528
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January 17, 2016, 12:24:07 AM |
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I think the main disadvantages is that microtransactions are not working anymore. If bitcoin would reach a price of over 10000k, it's hard to sent even 1 dollar.
yep and miner will probably want to charge you 0.0001btc ($1) per tx if bitcoin hits $10k
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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ajun96
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January 17, 2016, 04:12:35 AM |
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The fluctuative price is the main reason why people still scared with bitcoin, but for me we can used that thing to get profit..
fluctuation, maybe this is disadvantages of bitcoin, because many people are not interested to bitcoin, because of this problem, is not stable in price (volatile) very risky
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dollarneed
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January 17, 2016, 08:15:53 AM |
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i don't think that there are more disadvantage than advantage
yeah exactly,there are more advantages of bitcoin than it's disadvantage, it's really simple, you dont need to upload your identity to created a new wallet, bitcoin is the simplest for paying things online
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FlyingSaucer
Member
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Activity: 78
Merit: 10
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January 17, 2016, 08:18:06 AM |
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I think the main disadvantage is that Bitcoin is unstable and fluctuates in value a lot but this is expected.
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BeGoods
Legendary
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Activity: 1372
Merit: 1008
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January 17, 2016, 09:47:50 AM |
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Bitcoin advantage is faster and cheaper transactions, the losses if prices suddenly plummeted. People around me still considers the BTC as a fraud
Bitcoin have so many advantages and features but also have disadvantage. If all people around you can superinted that disadvantage, bitcoin will become useful currency yeah I think the advantages of bitcoin more than disavantages I would ask that, it is anonymous including the advantages of bitcoin? many who say it is causing bitcoin banned
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owm123
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January 17, 2016, 10:21:12 AM |
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Bitcoin advantage is faster and cheaper transactions, the losses if prices suddenly plummeted. People around me still considers the BTC as a fraud
Bitcoin have so many advantages and features but also have disadvantage. If all people around you can superinted that disadvantage, bitcoin will become useful currency yeah I think the advantages of bitcoin more than disavantages I would ask that, it is anonymous including the advantages of bitcoin?many who say it is causing bitcoin banned Bitcoin is not anonymous ( http://www.bitcoinisnotanonymous.com/), but rather pseudo-anonymous. For many this is considered as a disadvantage.
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arbitrage
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January 18, 2016, 03:47:26 PM |
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Advantage: Easy to use, price will rise * it's like a gold.
Disadvantages: Hackers and general security, bitcoin is safe only in cold storage on safe place! Relative slow transaction
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Supercrypt
Legendary
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Activity: 1554
Merit: 1054
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January 18, 2016, 04:30:03 PM |
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Advantage: Easy to use, price will rise * it's like a gold.
Disadvantages: Hackers and general security, bitcoin is safe only in cold storage on safe place! Relative slow transaction
There are many advantages we can enjoy with a bitcoin. But the disadvantages only may happen in our mistakes and carelessness. If we have strong password and all required precautions methods then there won't be any disadvantages with bitcoin ecosystem.
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Nahl
Legendary
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Activity: 1652
Merit: 1000
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January 18, 2016, 06:09:58 PM |
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Advantage: fully anonymous, low transactions fee, can use it everywhere as long there are internet connections
Disadvantage: sometimes the price down with very fast just like several day ago the price down more than $100 only in two days
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SirLancelot
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January 18, 2016, 06:20:54 PM |
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There is no disadvantages in my view. I find bitcoin is the life time opportunity to invest and I can get my retirement very early. No other thing has given this hope so far.
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joinal
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January 20, 2016, 06:59:57 AM |
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Bitcoin advantage is faster and cheaper transactions, the losses if prices suddenly plummeted. People around me still considers the BTC as a fraud My last transaction (I bought something worth 0.21 BTC) took quite some time to go through. Took more than 30 minutes to get a single confirmation even though the fee was right. If I buy something with VISA it takes only a few seconds. yeah if we use the visa or credit card or paypal for payment of course it will be instant because of the direct balance automatically confirmed, so it does not have to wait bitcoin exactly the same, but it's a long confirmation whereas a few years ago, a time confirmation, so fast? why now so long?
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nerFohanzo
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January 20, 2016, 07:17:50 PM |
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Advantage: Easy to use, price will rise * it's like a gold.
Disadvantages: Hackers and general security, bitcoin is safe only in cold storage on safe place! Relative slow transaction
There are many advantages we can enjoy with a bitcoin. But the disadvantages only may happen in our mistakes and carelessness. If we have strong password and all required precautions methods then there won't be any disadvantages with bitcoin ecosystem. That's true there are many advantages associate with bitcoins like decentralization, low transaction costs, instant transactions and many, the major disadvantage of bitcoin is that it is not popular in every corner of the world and bitcoin is lacking support from the Governments and banking system.
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Rotator
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January 20, 2016, 07:59:30 PM |
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It is very complicated from technological stand of point. Many people just don't understand what is bitcoin about! Mining, private, public key ..wallets.. Fear of hackers attacks, fear of new things!?
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romero121
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Enterapp Pre-Sale Live
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January 20, 2016, 08:07:04 PM |
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It is very complicated from technological stand of point. Many people just don't understand what is bitcoin about! Mining, private, public key ..wallets.. Fear of hackers attacks, fear of new things!?
Thats well said about the disadvantages. There are few more disadvantages that I know are fake campaigns, no assiduity or guarantee, but the main thing is if we are little serious while using this we can beat all these disadvantages and make them as advantages.
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