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Author Topic: Pros and cons of bitcoins for consumers and businessmen  (Read 1974 times)
Nnedaddy1
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July 18, 2018, 08:29:23 PM
 #81

Bitcoin con's:
Volatility nature.
Delay transaction confirmation.
High energy consumption.
Anonymous structure.
Not widely accepted by the public.
Pros

Simple to use.
Not centralized and so cannot be maniputaled by third party.
Gives good return on investment.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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July 18, 2018, 09:30:17 PM
 #82

As worldwide cryptocurrency and digital payment system is on the rise, i just want to ask about the pros and cons of bitcoins for consumers and businessmen.

On the side of consumers, what is also the difference of using bitcoins than credit cards?
For a businessman or a consumers, you trying to invest is a great idea but you should try and calculate what you would be losing or gaining in case anything goes wrong in the market cos the market is very very volatile.

Exactly. Whether it's a businessman or a consumer, that's a good idea. But first enter this market. Need to equip yourself with knowledge, skills and good investment need smart. New achievements can be achieved. I think so.

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