dragon fire
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November 23, 2017, 07:36:13 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
its weakness is only one ... many do not know in detail what bitcoin is. |
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Jaci
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November 23, 2017, 07:42:10 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Any kind of think have a Negative and positive site. If we have not a negative and positive site we are not came in this world but bitcoin have a negative and positive . it is if you lose your whole money so it is bad for your life so don't put your money in a one wallet. |
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Adv Tahmina
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November 23, 2017, 08:04:45 AM |
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There are some disadvantages: - Most people don't know payment in bitcoin. - The transaction system is still a long time.
- Some countries ban the usage of bitcoin.
- Lose your digital wallet or accounts so bitcoin is gone.
- The price value keeps changing from time to time.
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ShiroThe5th
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November 23, 2017, 08:24:04 AM |
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ubay
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November 23, 2017, 08:30:33 AM |
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Mining bitcoin is very difficult, that's what causes dissatisfaction in finding bitcoin. Because of the difficulty of finding blocks so high, it takes great effort to find them.
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AjithBtc
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Vave.com - Crypto Casino
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November 23, 2017, 08:38:16 AM |
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Volatility, security, scams, hacks, illegal transactions, dark web, anonymity were termed to be the common disadvantages of bitcoin. These are the mistakes leading to great loss and most of the time it happens due to the careless of the users. It can be overcome by the users attention.
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Haxor321
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November 23, 2017, 11:48:26 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Some of the advantages of Bitcoin is that it is not stable, its value keeps changing from time to time. Sometimes the value of Bitcoin is high then all of a sudden it will goes down. Also, in some countries bitcoin is ban so others are not allowed to use it. Also it is viotale. |
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Gameroid
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November 23, 2017, 07:24:03 PM |
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Bitcoin in the current type still too hard to hold, purchase and use for general public. Like a book resource, the cost is also way too volatile to give the confidence of stability. As a way of payment and currency, the price of transation is also too high right now, buying a coffee with bitcoin is just not economically practical right now.
According to me there are no advantages of bitcoin because bitcoin is here only to help people and make their future bright; bitcoin is decentralized cryptocurrency and help people to double up their money which was invested before sometime in bitcoin. |
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feiss
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November 23, 2017, 07:31:57 PM |
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We all know the advantages of BTC, but what are some of the disadvantages??
For me. I think there are no disadvantages of bitcoin. Bitcoin is made to make the delivery of money very easy using digital cryptocurrency such as bitcoins. Although the transaction of bitcoin is not that fast , it helps us create a new generation of creating an easy way to make the payment more easy. |
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doch
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November 23, 2017, 08:01:48 PM |
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Possibly among the drawbacks is the price of transactions which are volatile,the price is extremely dependent on numerous external elements, making it difficult for someone to commit, higher unpredictability makes it a danger for traders
You are right, but for me there is no disadvantage of BTC. Bitcoin came out in the real world just because people need such like miracle to help them, bitcoin is now the most popular digital currency in the world and those people who selected bitcoin and invest in bitcoin before sometime now they are enjoying the fruit of their patience and trust on bitcoin. |
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HiringYou
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November 23, 2017, 08:13:55 PM |
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Bitcoin is not accessible without internet so the people who are not having an internet connection are not able to use it.It has a volatile nature due to which their is always a fluctuation in it's price that's why it is always risky to invest in Bitcoin. It is decentralized in nature due to which it is not considered as legal in many countries.It is not physically present so we cannot directly use it. It is not under the control of government due to which it is not trusted by many people. Transaction thorugh it are anonymous due to which it is sometimes used by people in criminal activities.These are some disadvantages of Bitcoin.
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Avity
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November 23, 2017, 08:18:22 PM |
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Some of the disadvantages are the security issues with bitcoin. It seems to be still in a somewhat grey area in terms of how to securely keep your bitcoin and use them without fear of theft.
In addition, bitcoin transactions fees seem to be getting higher and higher which was suppose to be an advantage and core principal in the beginning.
Lastly, the energy consumption bitcoin uses for transactions and mainly mining are escalated at a time when the world needs to be using and creating energy more wisely.
Especially the latter I hope is solved quickly, or else we will continue to see devastation to our natural world.
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lance04
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November 23, 2017, 08:20:33 PM |
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Since everything in this world deals with using technology. Bitcoin provides convenience to the fullest but what are the disadvantages once you are engage of using it. One of the primary disadvantage of using it is; some people or country do not accept it as a medium for exchange or a not consider it as a money. Since some of the people are not well educated about what is cryptocurrency and its importance in the society. Another factor is not all countries a well develope, I mean there are not yet open for modernization and considered only the cash-based system. Another factor also it does not provide a physical substance or appreance, you cannot use bitcoin in some trasactions like ; buying some things in dry/wet market, paying transportation expenses in jeepneys, bus , utility vehicle express, taxis and tricycles and etc.
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Ronaldcoin2017
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November 23, 2017, 08:22:53 PM |
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Bitcoin is not accessible without internet so the people who are not having an internet connection are not able to use it.It has a volatile nature due to which their is always a fluctuation in it's price that's why it is always risky to invest in Bitcoin. It is decentralized in nature due to which it is not considered as legal in many countries.It is not physically present so we cannot directly use it. It is not under the control of government due to which it is not trusted by many people. Transaction thorugh it are anonymous due to which it is sometimes used by people in criminal activities.These are some disadvantages of Bitcoin.
Yes i agree on that but i think people around is really not expecting that internet can be shut down because there is no way out to internet in this modern world maybe the dis advantage of bitcoin is that it is only can be use with the use of internet also but i believe that internet will not going to shutdown because some government and life of individual today really defend on internet so then internet is really supported by tbe government itself and if the government support internet maybe it will be upgraded in a high status.In short bitcoin has no dis advantage at all because internet connection will a connection through forever. |
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Jahreer
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November 23, 2017, 08:33:19 PM |
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the basical disadvantage of BTC is the huge waste of energy associated with its mining.
speed of transactions & high commission are the current problems but that will be fxed anyhow - but nodoby will use that wasted gigawatts again..
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irienoodles
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November 24, 2017, 05:54:04 AM |
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Without being careful, your coins can easily be stolen thru hacking. also, it is not that widespread yet, transactions are limited.
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robotrobert
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November 24, 2017, 02:48:54 PM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Transaction fees are out of this world. In my opinion, transaction fees are costly in some exchanges. I know we're paying for the security, but come on, transaction fees are more expensive than the bitcoins I'm about to transfer. It's just my two cents about bitcoins. Another would be the long time for a confirmation of transaction. Indeed there are merits and demerits of each and everything in our lives so bitcoin has own merits as well as demerits but the major demerit of bitcoin is the lack of physical shape due to which most of the people don’t believe in it and become very hard to be convinced. |
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shanksluffy
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November 24, 2017, 03:34:49 PM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Bitcoin is something new in our society and this is the one of the disadvantage of btc ,people thinks this is scam |
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asdnguyenasd
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November 24, 2017, 03:40:58 PM |
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The downside of bitcoin is that the transaction is very slow and the transaction fee is very high compared to the current bitcoin price. And the trading system is still a lot of time to verify the coins come and go
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J_Dubbs
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November 24, 2017, 03:44:45 PM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Disadvantages of bitcoin, too, is not enough. Sometimes the price for the commission for transfers reaches a large%, transfers can get stuck in the system and go for several days. Well, the fact that it is already expensive, this is also a drawback. |
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