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Topic
Board Beginners & Help
Re: Advantages and disadvantages of Bitcoin 🌟
by
Litecoindigger
on 06/07/2018, 21:38:47 UTC
  • There are very low transaction fees for Bitcoin transactions.
That's not always the case (huge backlog of unconfirmed transactions + multiple inputs/outputs usually lead to a higher fee).
I can agree, changed this in the OP. At the moment we can see this issue in the ETH network: a transaction costs up to $10. Bitcoin had these problems in early 2018.

  • Bitcoin is very anonymous when compared to card payments if you use Bitcoin correctly.
It's "pseudonymous". You might want to explain the latter part (in order to not mislead newcomers).
True, also changed in the OP. The way Bitcoin is made it is almost anonymous if you are using different wallets for transactions. This way is also more secure.
Thanks for your corrections.

With the way banks have become so corrupt/unreliable, I think decentralization is a major selling point for crypto generally.
I agree with you, this is maybe the best reason using Bitcoin, Satoshi created Bitcoin in 2008, a financial crisis.