Geoll29
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January 31, 2018, 04:07:31 AM |
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The BTC disadvantage is that not too many people are using it. So if you want to transact using BTC this will not be possible so you will be force to use cash or other means.
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Joyceshiroor
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January 31, 2018, 06:37:14 AM |
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People are getting interested in bitcoins but they should also know that there are disadvantages of bitcoin too. Bitcoin transactions are not possible without internet. Everyone dont accept payments in bit coin. Bitcoin won't be helpful where cash payments have to be done.
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#dhabitamartha
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January 31, 2018, 06:59:02 AM |
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if we explore what one of the bitcoin maybe we describe first of all keunggulanya may all have understood but every thing or thing or property that there must be goodness and the goodness of the many as bitcoin itself may terdet is easy in hackers or the existence of the theft can exposed to the virus can be lost if the file is not saved well risk is also great if not careful enter password do not forget because this is in the virtual world
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ondabeat
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January 31, 2018, 09:20:37 AM |
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first use your wallet anonymously, you only have the password and bitcoin code, which is required for authorization. If you lose the password, you will lose both wallets, you can not contact any regulatory authority or bank and request password recovery and access, no such agency. In addition, the weakness of the system is to send a payment, you can not change the condition, it is done irrevocably. If you specify an incorrect number or recipient, you can not change anything.
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Jombrangs
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January 31, 2018, 10:04:20 AM |
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One of the disadvantages of bitcoin is that it doesn't have a fixed price thus making it a bit hard especially when you've got a lot of bitcoins and it goes down.
The other is that there are hackers trying to get your infos and use your hard earned bitcoins. So be safe, and always do security checks.
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kshmrcrs
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January 31, 2018, 10:21:29 AM |
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Bitcoin is relatively new and most of its features are incomplete. Most don’t understand it’s value, so you’re still requiring a niche to use Bitcoin, malware can affect your wallet and to use bitcoin, you will always need a good quality of internet to make sure all is well while using btc.
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@tomasdicri
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January 31, 2018, 10:22:24 AM |
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Ou pas
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Mcdacillo
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January 31, 2018, 11:55:46 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Advantages and disadvantages are always twins. There are many disadvantages of bitcoin. First is its being volatile because we all know that because of being volatile the price or value of bitcoin will increase fast but also its can decrease also very fast. Second, bitcoin can be used to buy online but only few restaurant and other online shop accept bitcoin. Third, bitcoin is decentralize it is not held by the government so maybe there is a chance that bitcoin will be banned in your country. |
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Rony24h7
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February 04, 2018, 04:05:51 PM |
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Bitcoin have some disadvantage as like others because there are these problems are available with almost everything. There are some problems with this system though who are interfering with bitcoin or any other trading can get many benefits and facilities basically. If any countries government ban BTC then many people have a chance to loose a very big amount of money because government of some country already banned BTC at their country and it can happen with any country at future.
If you deal with bitcoin you can get a big profit from it and addiction of money is very dangerous and someone can invest their all money into bitcoin and if they lose there then they will loose everything. BTC is a very safe place than any other coin but all things have any disadvantage so that you have to care about it.
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Sweetbtc
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February 05, 2018, 05:58:40 PM |
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Here's some disadvantage of bitcoins.
Transaction fee : With the increase of price transaction fee also increase you have to pay highly fee.
Anonymous: Bitcoins is Anonymous. Nobody can trace your transaction which helps criminals to sell drugs, or some illegal activities
Can be hacked : Your wallet can be hacked easily. Mostly people use online wallets and save their password on the browser which can be steal easily
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Heyyyrenz
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February 07, 2018, 12:25:10 AM |
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There's a lot of advantage of bitcoin that helps us to make our life easy and make our life efficient but if there's advantage there is also a disadvantage. So here are the disadvantages of bitcoin.
1. It is not accepted worldwide, some of the countries ban bitcoin because they saw it as a threat.
2. The transaction may be transparent but the person you're going to transact is anonymous and it might be a scam.
3. Some of the local stores, restaurants etc. didn't consider bitcoin as a mode of payment.
4. The transaction fee is high.
5. It can be used in illegal works such as deepweb or blackmarket.
6. Can be used to launder money.
7. There is no buyer protection.
8. Wallets can be lost.
There's a lot of disadvantages that we didn't see but here are just some of the disadvantages of bitcoin.
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valentine401
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February 07, 2018, 12:29:14 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Bitcoin is just like fiat or rather called it as a credit card since bitcoin is a digital currency then you can use it to buy goods and different products but it can also be used for illegal transactions and the government are avoiding this problem. |
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jpurusa
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February 07, 2018, 12:54:26 AM |
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We all realize that bitcoin is practice and easy to use as alternative payment mode but not to replace local currency. Besides this this practical use bitcoin operation is also not safe 100 % per cent.our wallet can be hacked and stolen by hacker.Also Using bitcoin can be misused by terrorist to collect money and some other people can use it for money laundry purpose.
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Satry
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February 07, 2018, 01:38:07 AM
Last edit: February 07, 2018, 01:55:20 AM by Satry |
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We all know the advantages of BTC, but what are some of the disadvantages??
The advantage of bitcoin is so good but there are some disadvantage of bitcoin like it can use fraud and criminal activities and scanning those QR codes means anyone can anonymously steal your bitcoin. Masking ownership means no audit trail to recover a thief's digital fingerprints. |
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rinamor
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February 07, 2018, 01:52:44 AM
Last edit: February 07, 2018, 03:44:23 AM by rinamor |
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The absolute disadvantages of the bitcoin are when the value goes pump and dump. The most unfortunate that I already experience is a slow transaction to my others wallets. Some of people take advantages of bitcoin they use the bitcoin on the illegal operation or criminal activities.   |
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dyablo
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February 07, 2018, 03:00:37 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Some of the disadvantages of bitcoin is the anonymous transaction happens in bitcoin. It can't be tracked. That is why some users abused it. They used it to buy illegal drugs and do illegal transaction in the blackmarket. |
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oppochain
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February 07, 2018, 03:05:29 AM |
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From the birth of Bitcoin to the present, everyone is unanimously discussing whether bitcoin is a scam, bitcoin worthless, etc., but the price of bitcoin has risen in the midst of countless doubts, believing that voices of doubt will continue with bitcoin As we all have patience, Bitcoin will get better and better
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Thecryptocurrency09
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February 07, 2018, 04:21:39 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
Yes, all of us almost stick to what bitcoin could give unto us. For the long run that I have stayed in here. I have seen how bitcoin managed to change someones life. Also, the way people manage to speak or interact. As time goes by, even its negative effect. The essence of being self centered makes people got a sense of urgency in wantinf its price to rise for their own goods. |
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Snaic
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February 07, 2018, 05:07:36 AM |
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We all know that the main drawbacks of bitcoin now are narrow scalability, slow and hovering transactions and high commission fees in carrying them out. These are the shortcomings that have already overgrown and must be solved first and without which bitcoin can not normally exist and grow. Other drawbacks of bitcoin include its relative anonymity and confidentiality. It is necessary to close for the public review the amount of bitcoins on the purse, this information is superfluous and allows only hackers to select objects for their attacks on wallets.
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laravuemaster
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When Football meets Crypto
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February 07, 2018, 05:20:00 AM |
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We all know the advantages of BTC, but what are some of the disadvantages??
In my own opinion, there is no disadvantage on cryptocurrency and bitcoins should be treated just like fiat. Fiat can be used for illegal transactions and cryptocurrency can be used too as well, so why they are saying that it is bad because they are just both working at the same way while bitcoins is helping other people to sustain their daily needs so they should not ban cryptocurrency in their country. |
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