the advantage and disadvantage of Bitcoin

[JosNekoKopa]

Disadvantage could be ** lack of time for anything else except watching exchanges..

[Bardman]

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!?

True, however you don't need to understand every aspect of bitcoin deeply in order to use it just like you don't need to understand how fiat transactions work either to use online payments. The only problem I see is bad propaganda and as you said fear, fear of being hacked or that someone is going to steal your money. Although bitcoin is just as secure as other transactions.

[owm123]

Disadvantage could be ** lack of time for anything else except watching exchanges..

Or it can be more exciting than watching movies :-). yesterday I watched life as the mega pump happened on bitcoinwisdom. It was so exciting to watch the sell walls being torn apart in an instant!

[SmartIphone]

So, what do you think the advantage and disadvantage of Bitcoin? what about people around you  think about Bitcoin ?

Bitcoin has many advantage and disadvantage, few of them i would mention are small(zero) fee on transaction, not all wallets are easy to use for newbie, and what i don't like is when the price decreases so the stability is not great.

[Anegg]

The advantage is that it is anonymous but a disadvantage is that the transactions take really long to process.

[SmartIphone]

The advantage is that it is anonymous but a disadvantage is that the transactions take really long to process.

Bitcoin is not full anonymous, it depends how and where you use it, and the transaction it's real that they take some time but if you are lucky it can be confirmed within 10 minutes.

[Amph]

The advantage is that it is anonymous but a disadvantage is that the transactions take really long to process.

Bitcoin is not full anonymous, it depends how and where you use it, and the transaction it's real that they take some time but if you are lucky it can be confirmed within 10 minutes.

not with the problem of the capacity increase, when there are those stress test you're lucky if it is confirmed in one hours

still waiting for my to eb confirmed it has been more than 24 hours...

[SmartIphone]

The advantage is that it is anonymous but a disadvantage is that the transactions take really long to process.

Bitcoin is not full anonymous, it depends how and where you use it, and the transaction it's real that they take some time but if you are lucky it can be confirmed within 10 minutes.

not with the problem of the capacity increase, when there are those stress test you're lucky if it is confirmed in one hours

still waiting for my to eb confirmed it has been more than 24 hours...

As you know paying low (or none) fee can 'freeze' your transaction and you probably will wait for days to be confirmed or getting back the funds, but if you pay enough fee you can get the transaction confirmed within an hour, or if you are lucky in 10 minutes

[Amph]

The advantage is that it is anonymous but a disadvantage is that the transactions take really long to process.

Bitcoin is not full anonymous, it depends how and where you use it, and the transaction it's real that they take some time but if you are lucky it can be confirmed within 10 minutes.

not with the problem of the capacity increase, when there are those stress test you're lucky if it is confirmed in one hours

still waiting for my to eb confirmed it has been more than 24 hours...

As you know paying low (or none) fee can 'freeze' your transaction and you probably will wait for days to be confirmed or getting back the funds, but if you pay enough fee you can get the transaction confirmed within an hour, or if you are lucky in 10 minutes

this can be a disadvantages when fee will be high enough to sustain miners(fee need to be x100 higher of what they ar enow in the future after the reward drop)

if you combine a 0.01 fee with a high bitcoin price, you are paying a range of $20-$100 in fee

[jmintuck02]

I had some trouble pointing out the advantage of btc to a friend of mine. He thought it could be fraud, where it is FAR as the East is from the West from fraud. I

even had to laugh at him, it was so far out. I need broader info so I can sort this out more so as not to scare anyone. I have no idea how he became frightened

when I told him about btc. So far I told him it was like currency but digitally held. And, that it could be a great value in the future,

[anasazi]

Pros : fast, portable, electronic, backup, inox proof life money.
Cons : need learn before use.




you can learn at any age.

You can't really learn at any age. If you are like 0-9 or over 80 years of age, you will not understand the concept of Bitcoin. So you can't really learn how to use Bitcoin at any age.

Such bullshit...

[acroman08]

So, what do you think the advantage and disadvantage of Bitcoin? what about people around you  think about Bitcoin ?

the advantages that I can say about bitcoin is its high price rate, I know in the past bitcoin reach $1000 but still $370 is still quite high. And the other is you can use world wide, though Many store are still not accepting bitcoin as a payment.

[LuckyYOU]

The advantage is that it is anonymous but a disadvantage is that the transactions take really long to process.

It's semi anonymous for now
Transactions are really not that long compared to a bank transaction
I don't understand why people keep complaining about this.

[jerowacik]

I'm sure it would be the advantages of using bitcoin. particularly in the financial transaction. one disadvantage we simply can not say no to others. only one.

[arbitrage]

Disadvantage of bitcoin can be different in different regions and countries..
We all know how it is in US and EU!

How bitcoin stand in non EU countries ? Middle east ? Pakistan ? ..
And what disadvantages and problems of usiage bitcoins are there?

[dhimasnk]

In my opinion, the advantages of bitcoin is the ease in transaction, the disadvantage is the price very fluctuations

[Supercrypt]

In my opinion, the advantages of bitcoin is the ease in transaction, the disadvantage is the price very fluctuations

Yes, for the advantages of bitcoin, I would say it gives total freedom to anyone holding it. You are in full control of your money. And you are not charged anything to keep it, unlike banks.
For the disadvantages, I could not find may options to use it in my country, although that doesn’t stop the people from saving it for future.

[Whosdaddy]

In my opinion, the advantages of bitcoin is the ease in transaction, the disadvantage is the price very fluctuations

Yes, for the advantages of bitcoin, I would say it gives total freedom to anyone holding it. You are in full control of your money. And you are not charged anything to keep it, unlike banks.
For the disadvantages, I could not find may options to use it in my country, although that doesn’t stop the people from saving it for future.

Bitcoin has lots of advantages. With bitcoin, payments are fast enough than any other physical payment process. Bitcoin price is volatile, the volatility can both be advantage and disadvantage.

[Kevin77]

In my opinion, the advantages of bitcoin is the ease in transaction, the disadvantage is the price very fluctuations

Yes, for the advantages of bitcoin, I would say it gives total freedom to anyone holding it. You are in full control of your money. And you are not charged anything to keep it, unlike banks.
For the disadvantages, I could not find may options to use it in my country, although that doesn’t stop the people from saving it for future.

Bitcoin has lots of advantages. With bitcoin, payments are fast enough than any other physical payment process. Bitcoin price is volatile, the volatility can both be advantage and disadvantage.

The bitcoin will also be efficient as visa and master card processors.
You will transact even $0.001 (Thousandth of one dollar) with almost zero fee when you mass pay.
Your transactions will be instant and will be confirmed in 10 minutes.

Yes, these are the few advantages we are going to enjoy with bitcoin system.

[jethrorn99]

The advantage is that bitcoin is great for doing transaction etc

The disadvantage will be a lot of scammer in the bitcoin marketplace .