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What are the disadvantages of bitcoin?

Disadvantages of Bitcoin. First, bitcoin is still susceptible to theft and fraud despite using the most secure system to store digital currency. You can easily lose your money to hackers that spend hours trying to get access to other people’s money.

What are the pros and cons of cryptocurrency trading?

Cryptocurrency traders overcome the risks associated with using bitcoin and proceed to make a lot of money through trading. Disadvantages of Bitcoin. First, bitcoin is still susceptible to theft and fraud despite using the most secure system to store digital currency.

Could the bitcoin system contain unexploited flaws?

The Bitcoin system could contain unexploited flaws. As this is a fairly new system, if Bitcoins were adopted widely, and a flaw was found, it could give tremendous wealth to the exploiter at the expense of destroying the Bitcoin economy.

What happens to your bitcoin when it dies?

These coins will be forever orphaned in the system. This can bankrupt a wealthy Bitcoin investor within seconds with no way form of recovery. The coins the investor owned will also be permanently orphaned. The value of Bitcoins is constantly fluctuating according to demand.

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