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Author Topic: The three main concerns I have about bitcoin  (Read 2848 times)
Svafnir74
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May 20, 2018, 12:13:01 PM
 #41

The speed of transactions is the weak side of bitcoin. Bitcoin has been developed for a long time and its technology is outdated. I think that for daily payments bitcoin will never be used. Most likely, bitcoin will be used to save money. And for daily payments there are more convenient coins with fast transactions. For example, such coins as Ripple or NEM.
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May 20, 2018, 11:35:06 PM
 #42

The speed of transactions is the weak side of bitcoin. Bitcoin has been developed for a long time and its technology is outdated. I think that for daily payments bitcoin will never be used. Most likely, bitcoin will be used to save money. And for daily payments there are more convenient coins with fast transactions. For example, such coins as Ripple or NEM.
No I think it is no more a problem because of bitcoin fast transaction, now we are able to enjoy all kind of shopping with bitcoin as bitcoin has fast transaction and become done within few minutes, some people use free transaction which takes time for conformation but basically if you pay for transaction fees then it is fair not very slow so I think bitcoin is good to use for online payment and it is good to save your money for long time which will grow your bitcoin for profit.
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May 20, 2018, 11:56:06 PM
 #43

All your concerns are concerns that does not affect future prospects of bitcoins. The total supply if reach will benefit holders of bitcoins since the supply is limited, people will pay more price for bitcoins.

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May 21, 2018, 12:57:54 AM
 #44

We all have our concerns regarding bitcoin. We just have to do is to be as careful as possible especially when trading and mining. Keep something for yourself as well and invest properly.

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