Question

Write five disadvanatges of the Bitcoin.

Answer 1

Answer:

1 Lower Fraud Risks for Buyers.

2 No Risk of Inflation; Individuals Can Preserve Coins.

3 Reduced Transaction Fees.

4 Easy to Use in Any Situation.

5 No Involvement of Any Third Party.

6 Quick Payments.

Answer 2

1. Bitcoins are not widely accepted.
2. Wallets can be lost
3. It has no value guarantee
4. It has no physical form
5. It is built in deflation