teamjk
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Activity: 39
Merit: 0
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November 08, 2017, 05:05:21 PM |
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- energy needs will raise questions for the whole thing (it will be a huge effort for the last million to be mined - i doubt that they will ever mined till the end)
- proof of work concept being questioned as of efficiency and by that time other more flexible and less energy consuming cryptos might emerge. that doesn't mean that btc will loose it's strong appeal due to 21 million hard coded thing
-also the security thing is something that will follow us for a long time it seems but it will be settled down one way or another
for the moment ride the wave, no questions asked ....lol
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Vinaa77
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November 08, 2017, 05:06:35 PM |
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in my opinion, bitcoin price fluctuations suddenly rise and fall, high transaction costs and slow transactions can also be a factor causing bitcoin can not be accepted as a primary form of payment
indeed this is the nature of bitcoin. when prices can not be controlled and because of an information alone bitcoin prices are able to drop 50% this is very make orag... |
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Paul stuart
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Activity: 101
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November 08, 2017, 05:14:12 PM |
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Bitcoin is a victim of its own success, far too volatile, but also too slow and expensive for transactions.
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Rajatruck
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Activity: 109
Merit: 10
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November 08, 2017, 05:14:53 PM |
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Bitcoin is a victim of its own success, far too volatile, but also too slow and expensive for transactions.
I'm agree with you |
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socks435
Legendary
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Activity: 2016
Merit: 1030
Privacy is always important
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November 08, 2017, 05:18:39 PM |
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I think I'm most tired of my friends and family asking: "Isnt that illegal?"
LOL, same situation here, it's why i even stopped to talk about bitcoin. - "Hey do you know bitcoin ?" - "Yes sure, it is the currency of the darkweb" (¬‿¬) Last 2 years ago i start using bitcoin the price was low, yes i admit i have lost hope in the past i want to stop the bitcoin, i think that's because my family will not live in this way but i did not lose hope i continued and now here we come what a surprise the bitcoin price is getting more higher  thank you bitcoin |
Solving blocks can't be solved without my rigs.
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Rodeo02
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November 08, 2017, 05:22:58 PM |
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I think I'm most tired of my friends and family asking: "Isnt that illegal?"
LOL, same situation here, it's why i even stopped to talk about bitcoin. - "Hey do you know bitcoin ?" - "Yes sure, it is the currency of the darkweb" (¬‿¬) Last 2 years ago i start using bitcoin the price was low, yes i admit i have lost hope in the past i want to stop the bitcoin, i think that's because my family will not live in this way but i did not lose hope i continued and now here we come what a surprise the bitcoin price is getting more higher thank you bitcoin not far so much this is was always happen loosing hope here there is a lot of reason why it was happen because of the price taht are not stable then we dont ahve any assurance if this will be a good currency but now we see the progress of bitcoin and we make some hope now that it will now continue. |
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PrasannaPR
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Activity: 252
Merit: 10
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November 08, 2017, 05:24:04 PM |
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BTCBTC Price is very unstable. Even BTC price is rising , that also a symptom of a very unstable condition. Anyway It is a profit to us. But we can surely understand one day that process will be reversed.
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Catch-22
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Activity: 364
Merit: 16
https://crowdsale.network
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November 08, 2017, 05:37:32 PM |
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I think it's the slow process for confirming Bitcoin transactions. Imagine waiting for hours to confirm your purchase. Maybe, it's possible for online purchases but still it's something that needs to improve.
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turkmachiavelli
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November 08, 2017, 05:40:43 PM |
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I think biggest problem that we can't use btc in everywhere. There is any bank and we can't buy daily need with btc . Firstly we translate btc with money It is very hard stiuation.
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Criptolog90
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November 08, 2017, 06:32:47 PM |
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The biggest disadvantage of the bitcoin is that high price fluctuation and probably people still do not trust him, believing it is an economic bubble at this time.
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jityap
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November 08, 2017, 06:38:34 PM |
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Bitcoin disadvantage is any one makes transaction with fake names.bitcoin price is not table.bitcoin is used by the number of smuggling and gambling sites.
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QueenH0neyBl0ss0m
Newbie
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Activity: 5
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November 10, 2017, 08:16:45 AM |
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i believe one of the drawbacks impacting bitcoin right now is the higher fees we need to spend if we want our transactions to become verified faster and their is also some division within the crypto on working out what is best for the cryptocurrency due to some personal daily activities tied to it
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maihoangminh1808
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November 10, 2017, 08:23:27 AM |
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To use bitcoin, you need to create a bitcoin store, which must be done on the computer. For those who are technologically unattractive without guidance, it is difficult for them to do this themselves, and there is a risk of fraud.
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trungnhatnguyen06
Jr. Member
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Merit: 10
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November 10, 2017, 08:24:28 AM |
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Due to the anonymity of bitcoin and uncontrolled crime, criminals can use this currency as a trading method. Hackers may be trying to attack multiple bitcoins to steal large amounts of money and money laundering can happen easily.  |
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VladimirsV
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November 10, 2017, 08:25:24 AM |
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As for me, btc is not approved by the state as legal currency, other than that btc is very likely to be misused for money laundering and illegal transactions  |
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rickyleatham
Member
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Activity: 126
Merit: 10
Get your share of the future
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November 10, 2017, 09:10:56 AM |
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despite bitcoin has many advantages but it also has disadvantages like it can be used by bad person to do bad things, the amount of transactions are too many that make the process slow and heavy, moreover the fee charges for bitcoin transactions are still very high, and finally bitcoin price is very unstable.
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Eugenar
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November 10, 2017, 11:15:43 AM |
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved  Being volatile and being not legal to most of the countries are factors which serves as the disadvantage of Bitcoin and ither cryptocurrency. But these problems are not permanent since by the time that Bitcoin is already legal to most of the countries, it will also be less volatole since the femand will be high and its market value will continuously rise making it highly stable. Let's just hope that things will b3 in favor for Bitcoin in the future. |
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kinzey
Full Member
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Activity: 254
Merit: 100
Blockchain with solar energy
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November 10, 2017, 11:29:39 AM |
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved For investment side the time frame for transfers and fees is a turn down. Anounymousity is both good and bad. I understand why the goverment wants to regulate btc. As it is fairly easy to launder money. I think that is why it will be hard to make btc a mainstream currency. |
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bitfornewbs
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Activity: 168
Merit: 10
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November 10, 2017, 12:17:17 PM |
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Bitcoin now is the first decentralized digital currency and due to everyone who became successful in earning using bitcoin some people now are encourage to try it also. Even other countries are implementing the bitcoin now as their one of payments. But there is also a disadvantages when in bitcoins. Bitcoins are somehow only accepted by few people even it is now in different countries. Also the value of bitcoin goes up and down, it doesn’t have fixed value. And it cannot use in physical store.
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Jake Virus
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November 10, 2017, 12:31:54 PM |
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Right now, the high charges and long time of verification.This way we can't use bitcoin to buy at some point-by-day time coffee.
For me the biggest disadvantage of bitcoin is its open for all the people, why it becames disadvantage? It becames disadvantage because there are many scammers have been known bitcoin and so in that way there are now many scammer have been scam many people here in bitcoin, particulary the newbie in crypto world. |
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