Post
Topic
Board Beginners & Help
Re: Disadvantages of bitcoins
by
Zigabel
on 06/06/2024, 21:37:18 UTC
Examining the challenges bitcoin faces including scalability issues, price volatility, and environmental concerns relating to mining
The above mentioned points even put Bitcoin at an advantage than disadvantage from my point of view, the above mentioned points are not really common with or Fiat, scalability is one with some levels of concerns of which the domestic Fiat may have a slight advantage over Bitcoin but with volatility, it keeps Bitcoin at a high end where it turns out to go beyond just a payment means for transactions but even as a store of value in which it can be seen to posses investable attributes.

The concerns around mining have been of great concerns actually and this bothers most on the environmental effects that can be seen around the mining of Bitcoin, but then gradually we were getting pass the era where such becomes a problem to really bother on or probably see as a disadvantage a d this is because there are now environmental friendly means of mining such as the Green mining with leaser to almost no emissions that causes environmental issues, the disadvantages keeps winding down to the nearest minimum daily and will soon no longer be seen as a reason not to utilize the opportunities around Bitcoin, so I will advise you see beyond all this and take an opportunity in Bitcoin if you find one suitable with you.