Jump to content

Recommended Posts

We can agree that Bitcoin has a lot of advantages but there's also disadvantages and one of it is until now it's not really accepted globally as a form of currency.  Some countries even banned Bitcoins, only a handful of countries like Japan have legally accepted Bitcoins.

What are the other disadvantages of bitcoins?

In my opinion on of the disadvantage is the conversion. There are some ways to use bitcoin but they are generally digital conversions. The fact that its basically a binary valued as currency, changing or converting it to physical money is hard. But there are some countries that uses bitcoin in many ways, i just hope that these means increases in other platforms. 

  • 1 month later...

Disadvantages of virtual currency:
As currencies are online, security is given through computer programs.
1-This means that your Bitcoins can be hacked and stolen;
2-The government does not recognize Bitcoin as an official currency, that is, there is no protection to these coins since they do not have regulation;
3-In general, payments made through Bitcoins can not be challenged or returned.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...