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Tiger Junk
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November 10, 2017, 12:37:11 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.
The biggest disadvantage of bitcoin is its not yet legal, Eventhough bitcoin is running for many years there are still doubt for all of us, because anything can happend quickly, maybe bitcoin will be gone in the next years, and maybe the value of bitcoin will dump because there are a new crypto currency that is legal, for me thats the biggest disadvantage of bitcoin being not yet legal. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Heyfive94
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November 10, 2017, 12:40:01 PM |
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I think no way to track the transaction.Its safe for but its a security hole for bad organizations.They can transfer there founds in bitcoin and no way to track them down.Bad things happening on these days.I think that that will be biggest treat to bitcoin.  |
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heraldlazaro25
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ODEM.IO - UNLOCKING HIGHER EDUCATION
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November 10, 2017, 12:43:02 PM |
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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  I think it depends on the country itself because not all countries in the world support the idea of bitcoin in their own country. It prevents bitcoin from being accepted as a mainstream payment. Maybe it can happen to those countries that legalize bitcoin in their country because they can use bitcoin as a way of payment. |
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Gloria_16
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Merit: 10
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November 10, 2017, 01:59:30 PM |
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long transactions, but this minus is not so strong, so bitcoin is a good coin.)
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sicparvismagna
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Merit: 10
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November 10, 2017, 02:04:02 PM |
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It's hard for people to get out of their comfort zone because they only do things that they accept to do to which is why are still taking time to process and accept hitcoins, second people are scared of hackers which might access and steals their hitcoin, third most people are not expert in the hard to know details in computer which is making them lazy to study how the bitcoins works they luck as much as possible the simple way.
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supandi wiharja
Full Member
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Merit: 101
Earn crypto for being contacted
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November 10, 2017, 02:32:01 PM |
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I think the biggest weakness of bitcoin lies in the price that always fluctuates very significantly, besides bitcoin is also vulnerable to hackers if we are not good at storing our wallets.
Another downside, bitcoin is not recognized by the government as a legitimate currency.
I am afraid the government is limiting the scope of bitcoin, because in my country the government has not made any regulation on the applicable bitcoin.
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dynospytan
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November 10, 2017, 02:43:09 PM |
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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
Since the value of bitcoin became so high the fees also went up and it is so expensive that we have no choice but to take it because it is the only way to process our transactions. We can consider this as a disadvantage because a lot of users are having a hard time because of these transaction fees. |
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jercess
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Merit: 10
Campaign Manager
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November 10, 2017, 02:44:13 PM |
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I think its greatest disadvantage is it is not yet being legalized in most countries. It causes its unpopularity and make the people be ashame because they'll think it's just a sort of scamming.
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Chooroz
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November 10, 2017, 03:10:08 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 disadvantage of bitcoin, is the campaign here in bounty, we all know that it will take too long before we can earn money, oh take a minute and we also know that here in bounty campaign, not all campaign will be successful, so thats the biggest disadvantage of it, because we will really work hard for the 50/50 campaign, it is just my opinion. |
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hastag_80
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Activity: 392
Merit: 11
The New Pharma-Centric Marketplace
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November 10, 2017, 03:29:58 PM |
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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 The biggest disadvantages of bitcoin in my own opinion that not at all transaction it can be used,and mostly different country,different currency,i using the bitcoin is not familiar to the people especialy who belong to the third world country.in other instances bitcoin is not regulates by the goverment to be used in capitalization. |
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androidpobeditel
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November 10, 2017, 03:50:17 PM |
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High volatility. Since a relatively small number of bitcoins has been issued so far, any major transactions can have a significant impact on the currency rate. Non-recognition of the people. The advantage of using crypto currency is undeniable, but most people still refuse to take the currency seriously. Lack of guarantee. The owners of the bitcoins are in a suspended position, for it is not a fact that they will be able to return their money in case of unsuccessful circumstances. State bans. Part of the states recognize the prospects of the crypto currency, the other part is categorically against their adoption.
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Kizaki
Sr. Member
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Activity: 413
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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November 10, 2017, 04:23:53 PM |
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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 Its good security is the reason why government dont accept them. It is hard or impossible to track transactions taken illegally. Also, it is not a stable as the local currency we currently have as bitcoin is based from people. Also, they cant capitalize and control the money within it. Bitcoin is decentralized and they don't like it. I hope that they will soon adopt it as it is a good step for a new generation of currency. |
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hiVe
Sr. Member
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Activity: 254
Merit: 250
https://www.soar.earth/
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November 10, 2017, 05:20:34 PM |
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I think the most advantage being also the most disadvantage of Bitcoin is anonymous. Most people choose Bitcoin by this feature. Otherwise, most governments also ban it by this feature.
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daarul50
Legendary
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Activity: 1596
Merit: 1034
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November 10, 2017, 07:29:27 PM |
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The biggest disadvantages of bitcoin are the loss of time due to the constant need to monitor the movement of the bitcoin price, a very active fluctuation every minute to make a bitcoin user especially those who trade like me make time so precious that a trader loses his time to be with the family.
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Bitcoinislifer09
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November 10, 2017, 11:48:58 PM |
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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 It's very dangerous for everyone because you do not know who is bitcoin users because they are anonymous. Bitcoin is also used for terrorism. So this is the disadvantage of bitcoin despite earning big money. |
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prettybuds
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November 11, 2017, 01:39:19 AM |
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Manipulation by rich dishonest people
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nethan1btc
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November 11, 2017, 01:52:39 AM |
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Disadvantages of bitcoin are it is not yet being legalized in most countries that's why they don't believe in bitcoin and they think it is scam. Also, It's very dangerous for everyone because we do not know who is bitcoin users because they are anonymous.
You're right in that point of anonymity of bitcoin, yes that is the main issue of bitcoin which people can really make or done illegal stuff because of it. For some it is really a good feature but there are really negative side on bitcoin which we cant really change off, that's why some people when they do hear about bitcoin on the first place they will neglect it because some media do make bad impressions on the public. |
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orka39
Member
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Activity: 168
Merit: 47
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November 11, 2017, 02:05:29 AM |
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Bitcoin is not completely implemented in every country and due to very low transaction fee many people are using for illegal activities, The price of bitcoin is also not stable.
Bitcoin is great for me. But beside, bitcoin for sure has disadvantages that make people dont trust with bitcoin. Actually i have the same opinion that biggest disadvantages is bitcoin implemented to use for chrime activities. |
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joan26
Member
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Activity: 168
Merit: 10
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November 11, 2017, 02:35:46 AM |
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I think the disadvantages of bitcoin is that its not being reputed as standard currency. Its not being legalized in all country, maybe known but not accepted by all.They think bitcoin is not established. It's a currency that can't hold literally, that's why some other people hard to understand its value.
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DoublerHunter
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November 11, 2017, 05:02:22 AM |
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slow transactions fees and the constant infighting we deal with everyday
Based on my experiences on the recent transaction that i did in bitcoin, it is not slow like before and the price tag of the transaction fee is not too high and it is just enough for me to pay because i know that the miners deserves a reward and those fees will encourage other people that mining bitcoin is still profitable and a good business to start. |
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