What are some disadvantages of BTC?

[McKane]

Possibly among the drawbacks is the price of transactions which are volatile,the price is extremely dependent on numerous external elements, making it difficult for someone to commit, higher unpredictability makes it a danger for traders

bitcoins is much the same as cash in light of the fact that bitcoins is satisfactory in practically every shopping centers and schools and furthermore healing facilities that is the reason it’s quite recently like cash however cash has a few detriments yet bitcoins has no impediments yet it has a few focal points which make bitcoins exceptional from different cryptocurrencies and those focal points are its high security and the quickly increasing costs.

[1714620248]

1714620248

[1714620248]

1714620248

[1714620248]

1714620248

[1714620248]

1714620248

[1714620248]

1714620248

[angaper]

I am not worried about the disadvantages of bitcoin because at this point in the evolution of cryptocurrencies, we are all aware that there are multiple options of altcoins that can satisfy without any problem the limitations of bitcoin to carry out all kinds of transactions.

At this time bitcoin is the digital gold and we must take care of it and treasure it as such, not spending it on chocolates and cigarettes, for that we have more than 1000 alternate currencies that can fulfill that function perfectly.

[Nakakapagpabagabag]

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

Bitcoin disadvantage is when your money is not totally secured because it is online database. Bitcoin have some advantage too, if you invest your money, you didnt know if your money is totally secured. But it is greater advantage than disadvantage of bitcoin. And the last thing about of disadvantage of bitcoin is when the transaction is pending and waiting for being confirmed for a week. Thats happen everyday if the total transactions is being high or overload.

[cellat87]

For most of people bitcoin being anonymous is an advantage. But for police this is a big disadvantage ,maybe the biggest one. People can buy drugs, fake identities, prostitutes and all kinds of illegal things with bitcoin. Yes, you can buy that with real money but that would be a lot easier to discover.
The big fees for low transactions(lower than 20$) are also a disadvantage. Bitcoin cannot be used to buy things like a coffee or a sandwich because you would pay double or triple of the normal price.

[Palmholder]

   Bitcoin is quite inconvinient in my opinion. Holding bitcoin for example, If i hold it at online wallet then I risk to lose it because I let someone to hold my private key. If i use cold storage then I need a laptop to stay offline and big hard drive to run a node. If I use paper wallet then it does not let me to operate my funds easely. If I use Ledger then I have to pay decent amount of money for it. I am not advanced pc user, I dont fully understand how it works so all it is quite complicated for me, I dont see any easy and safety way to hold bitcoin

[monika27]

There are not many disadvantage. But still there is some issue like transaction fees is too high. Because of its raising price. It is not tengible . bitcoin is not acceptable in everywhere.   

[Abhinav Anirudhan]

According to my opinion advantages of BTC are as follows:-
1)It's information is transparent with the block chain, all finalized transactions are available for everyone to see ,however personal info is hidden.
2) Anyone at anytime can verify transactions in Bitcoin block chain and Bitcoin protocol cannot be manipulated by any person, organization, or government.
3)There is a freedom in payment with Bitcoin, it is very possible to be able to send and get money anywhere in world at any given time .It does'nt requires any physical effort in earning and trading of money.

[andrei214]

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

One of bitcoins disadvantage is its unpredicatable price rate. There were the times that it rises and goes up high but suddenly  falls down. That causes the other people to hold for a long time and sometimes give up on bitcoin.

[Jinz02]

the disadvantage of btc is you dont know when its stop because all of your effort will fade away.But now on im hoping the bitcoin will be forever.

[trjm79]

If the virus wipes your bitcoin purse file (this refers to accounts that are on local devices) or can track the password - your money will not be returned. And also here it is necessary to include a rather large amount of occupied space: the whole transaction block (beginning of 2017) is already over 100 GB. This is a consequence of how the crypto currency bitcoin is constructed. Secure synchronization (updating the database) will also take some time, which will affect the usability of the operation.
If you figured out why you need bitcoin and decided to invest money, you may face a drop in prices due to lack of demand. The cost of crypto currency is determined by capitalization and demand (and only by them) - this is a consequence of how bitcoin works.
Virtual money bitcoin does not support refunds for password theft or deception. Nobody has sufficient capabilities and authority to conduct a reverse bitcoin transaction, unless you are returned by the one who appropriated them.

[Diecaut]

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

bank/government will never support it , hard to exchange it into cash and hard to use it as coin

[s31joemhar]

All things in this world have weakness from itself. The management and company of bitcoin use their weakness to improve their services given to the public;
in this way they use all conflicts and disadvantage to innovate and improve themselves.

[RahulRana]

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

[Glydel1999]

The advantages of net profit are great for people, it can be as much as a person's life.

[apolok]

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

Depends on you how can you use bitcoin.there are advantages and disadvantages in all think. but it depends how you use. if you use in good way then it’s advantages and if you use in bad ways then it’s disadvantage.hackers now days use bitcoin nowadays. people are buying illegal thinks and use bitcoin as a payment services. No one can find and track the receiver and sender.

[xAnima]

Some disadvantages are the high transaction fees that sometimes has no explanation why. But we must still follow this because it is where we gain money and it is a safe way

[Rebelf]

I think digital currency would not be a course however a quick studies only. It oug be trained in computer related research and finance programs to completely make use of the capability of bitcoins to be a full-blown income generating digital business. Accurate sufficient, many should not ignore the purchasing energy and also the bright potential bitcoin has on lots of people specifically young professionals who are presently taking college applications.t oht

[Jombrangs]

If there one thing that leads to a disadvantage of using Bitcoin is that they not provide you a physical substance of ownership.
Therefore the transfer of ownership is delivered through constructive process which supported by legal papers.

[dragon fire]

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

many things if you have to mention the weakness of bitcoin.tetapi here I can only mention one saja.yaitu prices are soaring very fast.these results in the interest to buy bitcoin.apalagi beginners who do not have enough capital to buy it.but, in fact there are some a way to get bitcoin with minimal capital. whether by following an advertising campaign, or so on that held by the bitcoin.

[sumonrud]

Frist of all I want to say Bitcoin has not legal many countries. almost everything advantages of Bitcoin but have some disadvantage such as transaction, legalization of Bitcoin. Bitcoin price fluctuation is an advantage for traders or long time investors but it is only disadvantaged for a short time investors.