MrClass wroteI both love and hate bitcoin. It is a very nice way to transfer funds quick. There are no country restrictions.
But the value is so volatile and transactions are irreversible. Someone hacked my btce account and transfered all the bitcoin to some address. nothing can be done; i just had to live with the loss.
I think both of these are a result of the ecosystem being young. Bitcoin hasn't been around for too long, and the ecosystem started maturing last year when VCs started taking it more seriously.
Volatility has gotten better and will get better with greater adoption. See
https://btcvol.info/ for some numbers.
Transaction irreversibility is a feature not a bug. Someone could implement reversible transactions on top of Bitcoin and use that to offer the consumer protection features we have come to expect (this could be implemented using
sidechains). However, you can't build irreversible transactions on top of a platform that guarantees reversibility. In other words, you could choose to act like your own bank,
but you don't have to.
Regarding the funds you lost on BTC-e. I'm sorry to hear that. For future reference, never leave money on an exchange. Move them to a wallet where you control the private keys.