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Author Topic: What is the biggest disadvantage of Bitcoin?  (Read 25010 times)
jmarkrodriguez
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December 05, 2017, 03:21:53 PM
 #1121

the government may not take your Bitcoins away but can ban it in the country, which forces bitcoin wallets and companies to shut down. The bitcoins in these wallets are freezed and access to them becomes difficult.
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Natsuu
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December 08, 2017, 05:30:11 AM
 #1122

I think the disadvantages of BTC are transactions, fees, internet connection and the volatility. Just ike paying for a cup of coffee using bitcoin the transaction is very slow and with high fee.

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December 08, 2017, 07:36:35 PM
 #1123

1. Too easily exposed to negative issues
2. Fee is very expensive
3. Too often Hargdfork but the speed of the transaction has not changed
4. Too easy to monopolize by whales

I only agree to you at number 4, yes bitcoin is being monopolized by whales as you can see in the market price of bitcoin right now.
They are the reason why bitcoin is so high and keeps increasing in value,for me its a good thing what the whales are doing as it profit me also.
As the system get updated and the price will go more up transaction fee will become low and all this is just the beginning and late confirmation is not disadvantage there are a lot of transactions that are carried out daily and this thing is obvious load on server is high that’s why it takes time to respond and the volatility is not disadvantage mate the profit you enjoy is just because of volatility and without volatility there is no profit.
Not too much but there are only two disadvantages of bitcoin and the first one is that bitcoin have no physical shape and every one want to see bitcoin because it’s very loving currency and every one want to see and fell it secondly bitcoin is only available on internet if you have internet that its mean you much have bitcoin but if you don’t have internet then there will be no bitcoin with you and I hop bitcoin will find some other way to fix it.

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December 09, 2017, 07:49:06 AM
 #1124

The biggest disadvantage of bitcoin are being scam and the price itself. Lots of traders, investors and members will get discourage when botcoin decreases its price. But,  we must also know that if there is a great fall, big growth will always takes its place. So,  we must be patient when it comes to cryptoworld.

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December 11, 2017, 09:54:18 AM
 #1125

One big disadvantage is that as price goes up, transaction fees rise as well, reducing liquidity and penalizing small transactions.

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December 11, 2017, 10:00:53 AM
 #1126

The most significant disadvantage of Bitcoin is, in my opinion, the centralization of the Bitcoin blockchain.

Only a few mining pools are in control of the whole Bitcoin blockchain.

Kong Hey Pakboy
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December 11, 2017, 10:04:07 AM
 #1127

As of now the biggest disadvantage of Bitcoin is that you can't hold it since it is not tangible. You are not able to manage it within your hands but it is hold by wallet instead. Bitcoin is large in value today so that there will be criminals for sure and will make crimes to get some. This is a threat to us.

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