Bitcoin Forum
December 18, 2017, 03:52:19 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 »  All
  Print  
Author Topic: What do you think is a disadvantage bitcoin has?  (Read 9515 times)
daxiake
Hero Member
*****
Offline Offline

Activity: 475



View Profile
August 20, 2017, 10:46:35 PM
 #281

I don't have any problem with bitcoins as I am very easily earning it online but the only thing makes me worried is that the acceptance of bitcoin is not at par especially at offline places as there are not many places where we can spend our bitcoins for shopping and till its not done we need to sell it and convert it to fiat for spending it.

    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   
   ████████████████████████████████   
     ▀██████████████████████████▀     
        ▀████████████████████▀       
          ████████████████▀         
            █████████████           
            ▀████████████▀           
             ▀██████████▀             
              ██████████             
               ████████               
               ▀██████▀               
                ██████               
                  ▀                   
.
.trade.io.
██████
██████
███
███
███
███
███
███
███
███
███
██████
██████

▄██████████████████▄
███       ▀███████
███       █████████
███       █████████
███       █████████
███              ██
███   ▄▄▄▄▄▄▄▄   ███
███   ▄▄▄▄▄▄▄▄   ███
███              ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
██████████████████▀

▄██████████████████▄
███████████▀ ███████
█████████▀   ███████
███████▀     ██▀ ███
███ ▀▀       █▄▄████
███          █▀▀▀▀██
███ ▄▄       ███████
██████▄     █▄ ▀███
█████████▄   ███▄███
███████████▄ ███████
▀██████████████████▀

▄██████████████████▄
████████████████████
███████████████▀▀ ██
█████████▀▀     ███
████▀▀     ▄█▀   ███
███▄    ▄██      ███
█████████▀      ▄██
█████████▄     ████
█████████████▄ ▄████
████████████████████
▀██████████████████▀
██████
██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
██████
.
.Join the Trading Revolution.
1513612339
Hero Member
*
Offline Offline

Posts: 1513612339

View Profile Personal Message (Offline)

Ignore
1513612339
Reply with quote  #2

1513612339
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513612339
Hero Member
*
Offline Offline

Posts: 1513612339

View Profile Personal Message (Offline)

Ignore
1513612339
Reply with quote  #2

1513612339
Report to moderator
1513612339
Hero Member
*
Offline Offline

Posts: 1513612339

View Profile Personal Message (Offline)

Ignore
1513612339
Reply with quote  #2

1513612339
Report to moderator
marcbitcoins
Full Member
***
Offline Offline

Activity: 140



View Profile
August 21, 2017, 01:05:12 AM
 #282

The most disadvantage of bitcoin I think that it is totally dependent of internet connection. In my country you can still find a lot of places from where  u can't access internet. So those places are out from the bitcoin world.

The disadvantage i see in bitcoin is like the other businesses is the RISK specially if you are engage in bitcoin investment. Ponzis and HYIP are commonly with investment that if you put your bitcoin in these scam site then your bitcoin will gone that your time is wasted plus your hard earned money that you convert to be a bitcoin will be lost too.

Heyyyrenz
Full Member
***
Offline Offline

Activity: 224


Freelance Architecture.


View Profile
August 21, 2017, 01:21:08 AM
 #283

The only disadvantages i see about bitcoin is the high transaction fee. For those who has a 0.02 or 0.01 btc below bitcoins it's hard for them or for us to transfer it to other accounts because it will deduct 0.0006 btc (i think) for standard fee. So many of those who just earning low bitcoin like those who're doing faucets, and low ranks here at the forum it would be hard for them to transfer their funds because every transaction they make their bitcoins going to reduce and this is the only disadvantage i see about bitcoin.

ladydark
Hero Member
*****
Offline Offline

Activity: 504


DIMPAY: Invest for Tomorrow. Today.


View Profile
August 21, 2017, 02:44:52 AM
 #284

I believe one of bitcoin most common and hated disadvantage is the fee when sending or recieving bitcoin. What do you think?
At first,there were two disadvantages of bitcoin.
1.High transaction fee otherwise our transactions being stuck.
2.Its high volatility in price.

But,thanks to segwit,first problem of high fee would get soon solved after completion of segwit activation.But ,volatile nature of bitcoin price could not be solved as it is due to its decentralized nature.So,its price would continue to increase and decrease with variation in its demand.

TexasHuck
Full Member
***
Offline Offline

Activity: 126

Ⓚ Kore Projects CTO Ⓚ


View Profile WWW
August 21, 2017, 02:57:38 AM
 #285

Overall, the biggest disadvantage is the energy consumption.  We need to solve for it soon.

Huck

Ⓚ Kore Projects - Privacy and Security - This is our Kung Fu..... Ⓚ
PalindromemordnilaP
Full Member
***
Offline Offline

Activity: 140


Spectiv VR Crowdsale: 12/08/17


View Profile
August 21, 2017, 03:05:16 AM
 #286

Everything has its pros and cons, i believe but just to give you the insights of pros and cons of BTC, here it is:

Pros:
- Fast ( trasacation which worth more than $1000
- Anonymity and secure
- Information will not be leaked

Cons:
- Slow ( transaction which less than $1000)
- Depend on mining fees and miners to confirm
- Not popular to many people

               SpectivVR                                                           Crowdsale: 12/08 - 12/29
VR Streaming Platform & Attention Markets                   [ Website ]
BitcoinTalk   |   Slack   |   Twitter   |   LinkedIn   |   Medium   |   Facebook   |   Instagram
Tron Foundation
Newbie
*
Offline Offline

Activity: 28


View Profile
August 24, 2017, 05:44:27 AM
 #287

One disadvantage at this time is the lack of understanding surrounding the general public. But bitcoin is still new and still VERY new in gaining popularity and mainstream coverage. So it is understandable how people would not be as familiar with bitcoin and crypto as a whole, but as is the case with most (or all) new things that gain acceptance, there is a learning curve involved.
iv4n
Hero Member
*****
Offline Offline

Activity: 798


★Nitrogensports.eu★


View Profile
August 24, 2017, 06:02:31 AM
 #288

Everything has its pros and cons, i believe but just to give you the insights of pros and cons of BTC, here it is:

Pros:
- Fast ( trasacation which worth more than $1000
- Anonymity and secure
- Information will not be leaked

Cons:
- Slow ( transaction which less than $1000)
- Depend on mining fees and miners to confirm
- Not popular to many people

Anonymous? Are you sure? Informations will not be leaked? I think you are talking about some other alt, cause this doesn't describe bitcoin as I know it.
The biggest problem are the fees, and let's not pretend that we are rich and that we can pay any fee in anytime. Now xapo is charging to high fee, more then 3 dollars just to send 20, so I spent 23 dollars instead 20 and maybe something little more, maybe because transactions should be free at least small one's. Who wish to send a lot and fast should pay, but there are much more poor people on this world then rich ones. Bitcoin will be popular for saving and not for mass usage and adoption, I believe that this will be changed, it must be changed if we wish to see bitcoin as a currency. How can we use it for everyday needs if fees are so high?
Price fluctuations are not worrying me as high fees do, that can grow to really big problem!


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██      
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
     BITCOIN SPORTSBOOK      
  ▄▄
██
██
██
██
██
██
██
██
██
██      
██
██
            ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄          
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █              
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




 CASINO  ●  DICE  ●  POKER  
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
  24 hour Customer Support    

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
batang_bitcoin
Hero Member
*****
Online Online

Activity: 644

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
August 24, 2017, 06:19:14 AM
 #289

One disadvantage at this time is the lack of understanding surrounding the general public. But bitcoin is still new and still VERY new in gaining popularity and mainstream coverage. So it is understandable how people would not be as familiar with bitcoin and crypto as a whole, but as is the case with most (or all) new things that gain acceptance, there is a learning curve involved.

The lack of understanding is depending to the people who are relying in the internet. They've got enough time to see ads about crypto currency and with bitcoin. Bitcoin is gaining popularity because it was also supported by the mainstream media if you just know it.

rjbtc2017
Full Member
***
Offline Offline

Activity: 210


Campaign Manager---> http://bit.ly/2zsGVOj


View Profile
August 24, 2017, 06:23:41 AM
 #290

I think it is the fee, I am now collecting my bitcoin from a signature and it's really hard for me to transfer it to another exchange wallet because of the big transaction fee, ( yes for me it's big), as far as i remember , there is no transaction fee way back 2016(?  the year i started on bitcoin) and i think this the disadvantage of bitcoin has right now, it is okay if it's really necessary to have a transaction fee, but having that big amount of fee i think i cannot use bitcoin or transfer bitcoin always because of the transaction fee, but still i'm hoping for that this will be given a solution and I am willing to wait.

..C..
.....................
........Finally C is .........
..............
...........            ............
       ............            ............
...................      ....................

alex_rada
Full Member
***
Online Online

Activity: 126


This is bat country!


View Profile
August 24, 2017, 06:31:38 AM
 #291

I see a lot of people who think fees are bitcoin's greatest weakness, well, you have to take into consideration that these abnormal high fees are a temporary situation, and imo they may actually end up to be a good thing for the bitcoin ecosystem when they will be fixed because overcoming barriers like this means evolution.

The biggest disadvantage I see for Bitcoin, which may not be such a big deal today but in the mid / long term might turn out to be a drawback is it's power consumption.

Tron Foundation
Newbie
*
Offline Offline

Activity: 28


View Profile
August 24, 2017, 02:36:39 PM
 #292

One disadvantage at this time is the lack of understanding surrounding the general public. But bitcoin is still new and still VERY new in gaining popularity and mainstream coverage. So it is understandable how people would not be as familiar with bitcoin and crypto as a whole, but as is the case with most (or all) new things that gain acceptance, there is a learning curve involved.

The lack of understanding is depending to the people who are relying in the internet. They've got enough time to see ads about crypto currency and with bitcoin. Bitcoin is gaining popularity because it was also supported by the mainstream media if you just know it.

Good point. I also think that it is important for mainstream news and mainstream media to cover bitcoin (as they are) so that bitcoin can be thought of as an asset class, in the same way that equities and real estate are thought of as assets
Yatsan
Sr. Member
****
Offline Offline

Activity: 476



View Profile
August 24, 2017, 02:52:47 PM
 #293

The biggest disadvantages bitcoin has is bitcoin is a only or a digital coin itself because our society now is not that advance so that, many people will not access the bitcoin because they are belong on the lower socio economic of our society. I think as time passes by the bitcoin will be open for all.

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░███░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░██░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░███░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░█████░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
19Nov16
Sr. Member
****
Offline Offline

Activity: 246


Titanium - Blockchain Infrastructure Services


View Profile
August 24, 2017, 05:10:25 PM
 #294

The longer the confirmation, I use bitcoin for transactions abroad and this makes me happy, but now at a low cost then the completed transaction can reach more than 24 hours.

batang_bitcoin
Hero Member
*****
Online Online

Activity: 644

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
August 24, 2017, 07:51:37 PM
 #295

One disadvantage at this time is the lack of understanding surrounding the general public. But bitcoin is still new and still VERY new in gaining popularity and mainstream coverage. So it is understandable how people would not be as familiar with bitcoin and crypto as a whole, but as is the case with most (or all) new things that gain acceptance, there is a learning curve involved.

The lack of understanding is depending to the people who are relying in the internet. They've got enough time to see ads about crypto currency and with bitcoin. Bitcoin is gaining popularity because it was also supported by the mainstream media if you just know it.

Good point. I also think that it is important for mainstream news and mainstream media to cover bitcoin (as they are) so that bitcoin can be thought of as an asset class, in the same way that equities and real estate are thought of as assets


They are doing it already but it's not that essential, this is just to justify that bitcoin isn't only good for using in the dark web. As this is the first impression of all the people who knew nothing about bitcoin, they'll have an image of it as a tool for dark web transactions, which is right. But they don't know that it can be used also for good transactions.

doomloop
Hero Member
*****
Offline Offline

Activity: 504



View Profile
August 25, 2017, 05:09:33 PM
 #296

The biggest disadvantages bitcoin has is bitcoin is a only or a digital coin itself because our society now is not that advance so that, many people will not access the bitcoin because they are belong on the lower socio economic of our society. I think as time passes by the bitcoin will be open for all.
well I am not agree that bitcoin is not an advanced currency because if we take a look at the present value and the importance of the bitcoin we will be able to know how much bitcoin served our life. The worth and the importance of the bitcoin is increasing gradually so it is for me very advantageous currency and the only disadvantage it has is high transaction fees only and it is also not a disadvantage but some people cannot afford high transaction fees and then the feel like feed up with bitcoin so this is my point bout bitcoin advantage and disadvantage.

Coffee135
Full Member
***
Offline Offline

Activity: 182



View Profile
August 25, 2017, 05:19:29 PM
 #297

For me the biggest drawback of bitcoin is the inability to spend our coins to purchase goods and services. Very few sentences. We are constantly forced to use the services of exchangers. Would be better if the money went to the miners and they would be happy.

suryana
Sr. Member
****
Offline Offline

Activity: 350



View Profile
August 25, 2017, 06:31:28 PM
 #298

For me, disadvantage at bitcoin lies in few services that receive bitcoin as payment option. Bitcoin not yet spread in all areas of life. I really want and hope bitcoin to handle all the needs. Without need exchange to fiat. I'm sure this will make it even more valuable if this happens.

.
▄▄▄▄▄
BOON COIN
.
▄▄▄
...DECENTRALIZED JOB PLATFORM...
▄▄▄  WHITEPΛPER  ▄  FΛCEBOOK  ▄  TELEGRΛM  ▄  REDDIT  ▄  TWITTER  ▄▄▄
.
▄▄▄
.
▄▄▄▄▄
Silberman
Sr. Member
****
Offline Offline

Activity: 448



View Profile
August 26, 2017, 07:02:01 PM
 #299

I believe one of bitcoin most common and hated disadvantage is the fee when sending or recieving bitcoin. What do you think?
Yes I believe in that, the fees are the most annoying one when it becomes on sending and receiving bitcoins. But another fact that any moment the bitcoin can collapse and all of our funds and investments will disappear, that's worst I hope that day would never happen.
Bitcoin is not going to just collapse over night, yes bitcoin can lose a lot of value very rapidly but bitcoin is not going to disappear anytime soon, there is fierce competition form other alts and there is internal division between the miners and the developers but that is it, bitcoin is going to continue for the simple reason that many people have much money invested in bitcoin and that is going to make people resolve their differences whether they like it or not.
It will not collapse unless there will be better alts that can replace it ,at this moment even split happened that produced bch yet it doesn'taffect much btc. It seems btc were unstoppable now, that it became really the basis on deciding on what other alts to use besides btc, it may have disadvantage on fees and aome delays but it's still used by many.
I have my doubts that even if a better alt appeared it could not surpass bitcoin, just look at all the coins being created right now, many people do not have trust in them because the devs keeps too many of the coins or because there is something shady about the project, satoshi despite never revealing his identity was always very open about everything that had to do with bitcoin and that is why people have supreme confidence in bitcoin.

.

███████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
█████████████
██████████████
██████████████
██████████████
██████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
█████████
███████████████
████████
████████████████████
█████████
██████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
███████████████████████












sartoga
Full Member
***
Offline Offline

Activity: 196


View Profile
August 26, 2017, 07:05:59 PM
 #300

It's not a legally prescribed payment method unlike Fiat money, so no one is obligated to take it if you need to pay something like rent, insurances or bills.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!