Yhan-yhan
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January 05, 2018, 04:04:18 PM |
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Bitcoins are sometimes said to be a great investment, while others claim the digital currency is one of the best ways to send or spend money online. It’s true that there are a lot of benefits that come with using Bitcoins, but what are some of the Bitcoin disadvantages?
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
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dontoromeo
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January 05, 2018, 04:33:37 PM |
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There are many more advantages than disadvantages, but that is not why you have to trust, one of the most common disadvantages may be its enormous fluctuation in value compared to other currencies "more stable". In addition, this is also related to the variable trends that can cause this currency is not accepted by the majority and remains at zero value.
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EVYFZ
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January 05, 2018, 04:55:07 PM |
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I like the price of bitcoin
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nicster551
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January 05, 2018, 04:55:16 PM |
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Bitcoins are sometimes said to be a great investment, while others claim the digital currency is one of the best ways to send or spend money online. It’s true that there are a lot of benefits that come with using Bitcoins, but what are some of the Bitcoin disadvantages?
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
but all of that disadvantage is more in fiat money bitcoin is less more in fraud and less in crime unlike fiat thiers alot of crime involving and bitcoin is more secure dan our fiat aslong we have the privates keys of our wallet . |
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sayulita
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January 05, 2018, 06:06:10 PM |
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Bitcoins are sometimes said to be a great investment, while others claim the digital currency is one of the best ways to send or spend money online. It’s true that there are a lot of benefits that come with using Bitcoins, but what are some of the Bitcoin disadvantages?
Here are some:
1.Exposure to Bitcoin-Specific Scams and Fraud. ...
2.Black Market Activity May Damage Reputation and Usefulness. ...
3.Susceptible to High Price Volatility. ...
4.No Chargebacks or Refunds. ...
5.Potential to Be Replaced by Superior Cryptocurrency.
There are some disadvantages of bitcoin.Firstly,it has very high transaction fees which is inconvinient.Another one is that it is not under the control of any central bank or any government so the government hesitates in legalising bitcoin in its nation as there can be cases of fraud.It is very volatile so we do not know what will be its price.It is very uncertain.It is a cryptocurrency so it needs internet.Every person does not have internet connection. |
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lance04
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January 06, 2018, 08:42:30 AM |
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Based on my almost a year experience with bitcoins, there is no any disadvantage that I feel or encounter.
In fact the company of bitcoins always provide convenience and advantages.
They make every people lives more easier in all aspects which they can save more time, less manual procedures, fast transaction and more convenient way for all of us.
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jakoylantern
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January 06, 2018, 10:30:15 AM |
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For me, the most prominent disadvantages of bitcoin are it’s limited and acceptance of other people. We know that bitcoin is limited by 21 million. Also, the recognition of bitcoin is very low some people still see bitcoin as a sort of scam and fraud. Even bitcoin is expensive some state is banning it, and some company or establishment are not yet accepting it.  |
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daarul50
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January 06, 2018, 09:30:31 PM |
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One of the biggest losses in bitcoin is that we are fooled by investments that use bitcoins. Lots of digital services that use bitcoin as a form of their crime. Bitcoin which has been considered as one of the economic development in the form of digital instead used improperly by various elements. It is also caused by bitcoin users who are not careful in choosing where to invest their money in the form of bitcoin.
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imking
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January 07, 2018, 03:42:13 AM |
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I think disadvantages of the bitcoin. I never saw a TV commercial I dont any idea why they don’t do the TV commercial. Why there are only few stores accept the bitcoin and if bitcoin is legal on that country I wish there always a seminar about the bitcoin.
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Saidmod
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January 07, 2018, 01:24:20 PM |
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I think disadvantages of the bitcoin. I never saw a TV commercial I dont any idea why they don’t do the TV commercial. Why there are only few stores accept the bitcoin and if bitcoin is legal on that country I wish there always a seminar about the bitcoin.
Actually, not being able to be advertised in television is not a disadvantage for bitcoin. See how popular bitcoin is right now without being advertised in TV? For now, I think the disadvantage that the bitcoin has is that it depends on internet to make all its transactions possible. Legality will follow since bitcoin works apart from. I think we have to create the best innovations/ alternative for bitcoin to independently work without the help of internet because it might be one reason to eliminate our loved bitcoin. |
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rolls89
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January 07, 2018, 02:22:44 PM |
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The one's that come to mind right now are :
1.) Not being widely acceptable.
2.) Very less people know about it worldwide.
3.) Fluctuating price.
4.) Not being controlled by "anyone".
5.) Uncertain future.
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qwertyuiop0987654321
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January 07, 2018, 03:00:18 PM |
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The biggest disadvantages of bitcoin is that bitcoin can be stolen by anyone in many ways. Bitcoin service providers can be hard to trust, but even if it is, we must to trust bitcoin. You joined in the field of bitcoin then it means you trust it. There is a lack of acceptance, lack of protection because it is not considered as legal in most countries in the world.
I think the biggest disadvantage you'll encounter in Bitcoin is scam. You give your trust fully that's why you invested Bitcoin to a certain person but that person just made fool of you and get all your BTC. You have been scam and that would be a big loss. |
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emondot
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January 09, 2018, 06:07:56 AM |
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The total value of the bitcoin in circulation and the number of businesses that use Bitcoin is still very small compared to what it should be. Therefore, small events, trade, or business activities can significantly affect bitcoin prices. In theory, this volatility will decrease as the market and technology of Bitcoin develop. Never before has there been a self-created currency, so it is very difficult (and interesting) to imagine what developments will happen next.
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rollingstorm45
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January 09, 2018, 06:17:41 AM |
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bitcoin transaction speed is now not as fast as it used to be, because now bitcoin is too many users
then, there will be coins that feature more complete and high transaction speed and low transaction fee that can replace the place bitcoin
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RakknRoll
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January 09, 2018, 06:42:35 AM |
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The Biggest Disanvantage of bitcoin is the legalization in our country because when the bitcoin bann in many country it will get low value.
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stadus
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Hhampuz for Campaign management
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January 09, 2018, 08:54:52 AM |
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The Biggest Disanvantage of bitcoin is the legalization in our country because when the bitcoin bann in many country it will get low value.
Don't think of the negative things about bitcoin, still most countries are accepting bitcoin and that is a good news as eventually those who ban bitcoin will later realize that bitcoin is very useful to the people and they will regulate it just like big countries who adopt and use it already. |
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elfoldo
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January 09, 2018, 12:09:41 PM |
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First, bitcoin is too unstable and jumps heavily. It is never known how he will behave.
Secondly, many do not want to change anything in their lives and move to a new payment system.
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catchemcrypto
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January 09, 2018, 12:56:55 PM |
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It has a slow processing of transactions.
The bubble may happen anytime soon, which may cause the whole cryptocurrency market to crash.
It is very volatile and it is hard to predict.
It's too expensive.
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laravuemaster
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When Football meets Crypto
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January 09, 2018, 01:01:31 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 only disadvantage that i see in bitcoins is that, Everyone can use it even the terrorist and because of that, Some of the governments does not really want to legalize it immediately but i hope in the future, They will allow bitcoins to every country since there are already online stores that are accepting bitcoin as a payment. |
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shaun98
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January 09, 2018, 03:32:56 PM |
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The volatility of the price of Bitcoin is a big disadvantage for mainstream adoption. On top of that, transaction fees have become really high, and also transaction times have come to a crawl, even though it is still faster than a wire transfer.
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