What are some disadvantages of BTC?

[Winner]

I think bicoin has some disadvantages as the cost for the payments is too high. The speed for bitcoin billing is a bit slow and is consistent with large payouts. Not suitable for small payments

The speed is not an issue so much. That can get fixed over time, there main disadvantage to Bitcoin is that it is not 100% safe from attacks.

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[reynilynedago]

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

Only internet because if you dont have internet you can not use this anymore because bitcoin id not a fiat currency but i think internet only is the disadvantage of bitcoin but theres a lot of advantage in bitcoin like money you will get more money if you have this.

[jeanpadel14]

One disadvantage of bitcoin is "No Chargebacks or Refunds"
One of Bitcoin’s biggest drawbacks is a lack of standardized policy for chargebacks or refunds, as all credit card companies and traditional online payment processors have. Users affected by transaction fraud – for instance, they purchase goods that the seller never delivers – can’t request a refund through Bitcoin. In fact, Bitcoin’s decentralized structure makes it impossible for any single party to arbitrate disputes between users. While miners take responsibility for recording transactions, they’re not qualified to assess their legitimacy.

[Lindazz]

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

BTC's block capacity is so small that it can't accommodate so much of the current transfer, which is the biggest drawback.

[Rosilito]

State of being stable though it may call advantage but it may also a big disadvantage of bitcoin, why? Lets talk about the positive side or the advantage, we all know that bitcoin value is continuously growing bigger and bigger that saving your money to bitcoin is guaranteed will improve but on the other side it might be a disadvantage lets talk about it later. Second, positive side because bitcoin value is continuously growing bigger and bigger more investor and investment are coming because they know that it will be worth, but on the other side it will be a complete disadvantage.

[seanskie18]

I think some signatures here are scam. So if someone will participated of one of the scammed signature, the trust that they've given to bitcoin will become less until the number of participated bitcoin will be decreased and the worst thing is no one will trust bitcoin anymore.

[mintomia199]

there are a bit disadvantage of bitcoin. firstly as bitcoin is a peer to peer network and there is no third party,criminal are using this as a payment method.again,not all country accept bitcoin.so there is problem with the withdraw money earned  from bitcoin.

[BigTeeths]

The expensive fee and the very long transaction time. If only bitcoin doesn't have a huge potential to make you filthy rich then I doubt that people will still use it or either invest in it.

[AVAMONEY]

For now, Bitcoin not suitable for small value transfer or payment. Since the fees are going high, it not worth it to using Bitcoin as payment for online service such as buying items with value $5/$10 (small amount), because the transaction surely will going stuck in network and will takes many days to confirmed.

[Creepings]

For now, Bitcoin not suitable for small value transfer or payment. Since the fees are going high, it not worth it to using Bitcoin as payment for online service such as buying items with value $5/$10 (small amount), because the transaction surely will going stuck in network and will takes many days to confirmed.

I think fees are not the problem since bitcoin is having a continues pump the last couple of days, we can say that the problem lies not on the fee but also on the price. The price is so high this week and I think it is also a disadvantage and not only on transacting bitcoin but also on the people that are wanting to buy some to start their investment on digital currencies.

[popolite11]

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

For now I see the only lack of Bitcoin in liquidity of this currency. But telling the truth this is improving with high speed. More banks use Bitcoin, more ATMs, more online-shops. Bitcoin wide spreading more and more with a time.

[nightxglow]

Of course bitcoin also has disadvantages too. For example, the high fees, long time to transact, and also the unstable price.
And the fact that bitcoin can't be used commonly yet, for the countries that haven't legalized bitcoin as payment and start to adopt bitcoin.
But that's all not a really big disadvantages that must make us stop buying and investing bitcoin though.

[Taskford]

Disadvantage of bitcoin is the slow network and we all know that the slow network is the result of being popular of bitcoin and attracting too much amount of demand to do more transaction in the network of bitcoin that makes the network slower than before and I think that in the next few years, we can see bitcoin that is getting back to normal.

[coinmgnet]

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

The taxes I would say! But it could also be the coins supply. More coins would've meant a lower price, a better usability for the masses.

[EdfuJihad]

Maybe a "someday technology/system interruption" because still bitcoin uses technology that advances everyday. And not all countries recognized this type of currency which will be a disadvantage for some in purchases etc.

[ljm8888]

Bitcoin mining year now the electricity consumption has reached 290 billion kwh. More than 159 countries consume electricity. What is more frightening is that if this growth rate has been maintained in 2020, global electricity will be consumed in 2020.

[Manchumichael]

Of course bitcoin also has disadvantages too. For example, the high fees, long time to transact, and also the unstable price.
And the fact that bitcoin can't be used commonly yet, for the countries that haven't legalized bitcoin as payment and start to adopt bitcoin.
But that's all not a really big disadvantages that must make us stop buying and investing bitcoin though.

Right now we are experiencing high transaction fee plus late confirmation. Because of this, I am not able to do BTC transaction. Unstable price is not exactly disadvantaged it is useful for traders. And yes Bitcoin is not legalised in many countries so people can't use it commonly.

[doomloop]

The expensive fee and the very long transaction time. If only bitcoin doesn't have a huge potential to make you filthy rich then I doubt that people will still use it or either invest in it.

What are you saying mate bitcoin do have a lot of potential and it is not going to make you lose your money? It will surely give you profit if you will invest in bitcoin on right time, most of the time people use to wait for price to decrease and in waiting they lose chance for high profit and save money.  Now bitcoin transaction is not so high but it has become very fast and not very expensive as well.

[anume123]

I think the other disadvantage is that Bitcoin is not so widely accepted by everyone . It’s only accepted by some people. Because they thought Bitcoin is not protected by the Government. And they thought that if they invest their bitcoins they’ll only face scamming. And I believe that was the other reason why people can’t accept it.

[joan26]

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

The disadvantage of bitcoins is it's high transaction fees and its price that's unstable.. That investors may have to fear for their money. Bitcoins is now the biggest and famous crypto currency. But what if it crash its price unexpectedly?? No one knows...