What are some disadvantages of BTC?

[vandvl]

i have no idea if what the disadvantages of bitcoin because maybe ihave no encounter of it or im a newbie for this currency...maybe the disadvantages is  some scamer and hacker atack btc because of price...

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[NelfiNovita]

We all know the advantages of BTC, but what are some of the disadvantages??

the weakness of bitcoin in my opinion is not yet able to be used by every country, including in my country bitcoin not yet legal, only certain country that legalize bitcoin, and time of its slow confirmation if in use for payment.

[rockyfeller]

We all know the advantages of BTC, but what are some of the disadvantages??

The transaction per second is very slow, it takes 30 mins to 1 hour to send per transactions. and disadvantages here bitcoin is unpredictable because of its price sometimes it get high sometimes the price falls down

[jzale]

One thing that ticks me off about BTC is the transaction speed. Takes a lot of time though depending on how much you pay for the transaction speed. Other thing is that it can be easily stolen and your BTC can pop off along with where you store it when that site goes down.

[Pakboy]

We all know the advantages of BTC, but what are some of the disadvantages??

We all know that the bitcoins have also many disadvantages. One of the disadvantages is the high transactions fee, many people like me are pissed off because of the high transactions fee.

[selectaselectine]

For me, it can be hacked and can be stolen from you.

[Mysterious01]

We all know the advantages of BTC, but what are some of the disadvantages??

If we talk solely about bitcoin their are plenty of disadvantages about it.
One thing that I can share is anonymity which can be used by many people that intended to do bad like they can use bitcoin to commit crime, steal others money by hacking and many more.

[Cacaparg]

To my mind the most disadvatage of bitcoin that it is used for drugs trading, porn industry and guns.

[mammoniter]

We all know the advantages of BTC, but what are some of the disadvantages??

Vulnerability to a great number of online predators and threats like hackers viruses and phishing sites plus a lot of uncontrolled factors like file corruption and losing of wallet accessibility data and not to mention the internet quality also affects it which is a big issue in our country who have slow and expensive internet service providers. So primarily bitcoins and other cryptocurrencies advantages of being able to be used by anyone anywhere is also what gives it risks.

[Cooldip123]

As we all know the prices of bitcoin continuously keep on fluctuating sometimes it very profitable sometimes it gets to lowest.Moreover bitcoins are not acccepted all over globe so it’s quite difficult to make transactions where bitcoins are not accpected, bitcoin consist of huge amount of value so for transactions of small amounts it may cost more than the actual price so this are the disadvantages of BTC.

[Redanim]

The problem of scaling bitcoin network has not yet been solved, the problem of excessive state regulation, xxcess control, in a sense, reverse side of bitcoin legalization, sharp bitcoin rate increasing recently.

[BUK2016]

We all know the advantages of BTC, but what are some of the disadvantages??

Almost all the advantages of Bitcoin can also turns out to be the disadvantage, such as the way Bitcoin make it easy for transfer of funds from one country to another which may encourage money laundry, its anonymity is another issue, Bitcoin is not control by any government may course inflation and deflationary pressure in the economy.

[Slipknot79]

The biggest disadvantage is that its price to FIAT is so very volatile. That said - the course of history has proved that if you buy and hold you will be fine.

[bitcoinmasterlord]

As we all know the prices of bitcoin continuously keep on fluctuating sometimes it very profitable sometimes it gets to lowest.Moreover bitcoins are not acccepted all over globe so it’s quite difficult to make transactions where bitcoins are not accpected, bitcoin consist of huge amount of value so for transactions of small amounts, it may cost more than the actual price so this is the disadvantages of BTC.

The price fluctuation is an advantage for traders it is only disadvantaged for a short time investors. i think now bitcoin is started to accept in all business I don't know in another country but in my country, the BTC exchange sites will allow us to pay our mobile bills and buy movie tickets and other stuff by paying direct bitcoins.

[andrew24p]

scaling is hard and transactions are more expensive than a regular database, but it has always meant to be that way. It is a trade off for security and censorship resistance.

[Nazaneen]

Bitcoin has not been fully used as a transaction tool, it still needs refinement. Especially if living in a country that has not legalized bitcoin, tastes like vegetables without salt, high value but can not be used in my own country except with online purchases.

We know all about advantages of bitcoin and also disadvantages. There is a lot of advantages but as well as disadvantages is also there so we need to be careful and clever to invest in bitcoin. There is a lot of disadvantages like extremely expensive accounts to get and also very difficulties for beginners and also need money to invest etc.

[coin royal]

We all know the advantages of BTC, but what are some of the disadvantages??

the weakness of bitcoin in my opinion is not yet able to be used by every country, including in my country bitcoin not yet legal, only certain country that legalize bitcoin, and time of its slow confirmation if in use for payment.

If something has a lot of advantages then almost it have disadvantages same here bitcoin have advantages but also have disadvantages and some disadvantages are beginners will face difficulties in bitcoin because bitcoin is not easy as it look for investment experience must needed as well as intelligence and patience to that’s why bitcoin is difficult and these are the advantages I discuss.

[South Park]

Currently i would say the speed of transactions are slow, mining takes a lot of time.

Fortunately that is going to change with the lightning network transactions are going to be a lot faster, especially those microtransactions that are very costly at the moment because of the mining fees, so I think bitcoin is improving in this aspect and we are going to see major adoption as a consequence of theses changes.

[taiwww]

Though bitcoin is becoming popular day by day, achieving new higher goals it   many disadvantages.
-   Its decentralise nature making it more and more volatile, as a result many people are not willing to invest in it.
-   Mobile wallets are necessary for its trade, all cannot afford them, if we forgot our private key or data get crashed then all bitcoins become lost in nature.
-   It comes only in digital form, so people fond of physical currencies/ investments ignore bitcoins.
-   Its operation needs minimum infrastructure like mobile/PC, electricity, internet without which your bitcoins are useless. In the absence of any one of these you cannot make a transaction.
-   Still bitcoins are not universally accepted currency.
-   Bitcoin mining is quiet expensive process due to its specialised infrastructure and its maintaince cost.

[h4yfans]

I think there is only one disadvantage of BTC is transaction speed.