Girls, What are the advantages and disadvantages of bucket bags?

I have worn many styles of bags, but never a bucket bag. I saw this cute bucket bag the other day and was wondering what the advantages and disadvantages of wearing a bucket bag are. This is a good brand (Michael Kors) so it is a little expensive and I didn't want to invest in it if it was something that I would not enjoy. Ladies who have worn a bucket bag please feel free to comment on your experiences.

Girls, What are the advantages and disadvantages of bucket bags?
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