Quote from: magneto on October 02, 2017, 04:04:54 AM

Quote from: mjglqw on October 02, 2017, 03:59:23 AM

Here are some that I can think of on the top of my head:

It's volatility in price. Hence holding your funds entirely on bitcoin is a huge risk despite the advantages.
Very unsafe for careless and technologically-illiterate people. Logging in to a phishing link? Say goodbye to your exchange's funds. Forgot to list down your wallet's seed? Say goodbye to you wallet's funds.
Unable to operate offline or non-electronically. This is a downside on more on the 3rd world countries, whereas most poor people can't even afford smartphones or any device that can hold bitcoin.
Not-so-good transaction fees and time. Transaction fees and times are definitely alot better now compared to months ago, but I still remember the days when txs were almost instant, with very very low fees.
My personal opinion: The name "bitcoin". I personally think it sounds like something a person involved in pyramid schemes and Ponzi scams would use.

This here pretty much are all my personal concerns as well, apart from the last point. I think that bitcoin is a perfectly fine name and i don't know why you would associate that with some sort of pyramid scheme at all.

But, volatility and bitcoin being very technical are problems that will be solved as it moves along into the future. More applications such as exodus will simplify the user experience of bitcoin, and as more merchanst accept bitcoin its value will stabilize naturally.

Yes there are some disadvantages in bitcoin, but you may take it as positive, I believe so. As far as I know,I'm not having troubles in using bitcoin now. In fact,my goals are slowly achieved. Maybe there is a small factor that I may consider it as disadvantage and that is the indirect cash but it's only a small issue but there is a purpose on that and I know it's for security. All in all I like the way bitcoin caters to people and soon it will pump more and more in the future and a number of people are trusting of bitcoin. Consequently , we won't be neglected in the society or in the economy.

Sarah08

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