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Disadvantages | Bitcoin
Like any currency, there are disadvantages associated with using Bitcoin:
Bitcoins Are Not Widely Accepted
Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users' transactions can be tracked.
Date: 2011-06-04 18:21:49
What is the value of Bitcoin? | IT PRO
2017 has been a great year for Bitcoin, further building on its position as the world's most popular and most funded cryptocurrency. The virtual coin has seen massive growth in the last month alone, rising almost 50% and smashing past the $2,000 mark.
Yet Bitcoin is an entirely different beast to traditional currencies, as it's not backed by a nation's economy, nor is it centrally controlled....