Post
Topic
Board Bitcoin Discussion
Re: What do you think are the biggest disadvantages of Bitcoin?
by
Lykslyks
on 02/10/2017, 09:15:18 UTC
For me, the biggest dksadvantage of bitcoin is; it is not widely accepted. Infact, some countries are banned this kind of technology. If you want the list here https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country. Second, it has no physical form. You cannot spend it ti any physical stores. Only few stores are accepting bitcoin. You need to convert it to cash in able to buy. Third, bitcoin can be lost. Just like physical.money, it can be lost. For example. You have stored your btc at your pc, but the pc crashes. Your wallet is lost and also your btc.
I agree! I read what is in the link provided. I tried searching on google the disadvantages of bitcoin cause i don't have any idea about it and according to this link: http://kryptomoney.com/advantages-and-disadvantages-of-bitcoins/  bitcoins cannot be taken away of the government easily but thay can ban it in their country. Aside from that Bitcoin prices are very volatile and increases/decreases at a very high pace.