What are some disadvantages of BTC?

[MetalGear]

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

One of the disadvantages of bitcoin is you can't used in offline market and you can't used it without any internet connection. On the other hand, I think the biggest disadvantages of bitcoin is the unstable price of it on online market because the price of bitcoin is always change.

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[jundy020]

Social Life i think, We have less time doing things with our friends/family because we spend too much time in bitcoin

[JohnDoe3490]

In bitcoin, there are common shortcomings of the crypto currency and the drawbacks inherent only in it. To inherent drawbacks bitcoin can be attributed for the time being the slow execution of transactions on time and large commission fees for the transaction. To disadvantages bitcoin as kriptovalyute in general, you can relate its relative anonymity, which with good tracking makes it possible to identify the identity of the user bitkoynom. Some of the shortcomings of the crypto currency, including bitcoins, include its high volatility. However, I do not consider this feature of the crypto currency as a drawback. Volatility is constantly reviving the market and provides an opportunity to actively trade on exchanges. Simply, this feature is not for the faint-hearted, who at every sharp drop in bitcoin's rate in a panic try to get rid of it.

[Queen12]

Main disadvantages of btc......no one to control the value of the single bitcoin. Due to lack of proper valuation systems Bitcoin can be subject to high volatility in price. coin anonymity can help those performing illegal activities *conducting transactions*. and finally scalability issue as btc infrastructure has not undergone any significant improvements.

This is not the disadvantage of bitcoin rather this is the major reason why people are so much involved with bitcoin. Just because that bitcoin is not a property of any single country rather it is owned by all people around the globe. It is a first public currency and it has given the true concept of globalization or you can say global village where all people are using one currency regardless of differences in religions, caste, creed etc. 

Guys, it's all true, but, for me the biggest disadvantage is the blockchain congestion. Some transactions take couple of days to reach 3 confirmation.

Yes, I totally agree that I have paid a lot of expensive fees, and then the transfer is still very slow and the block is still very congested.

[jakoylantern]

For me, some disadvantages of bitcoin are the unpredicted price, we all know that bitcoin has an unstable amount that is difficult to predict. Some people think that it is a scam and they are saying that you’re a scammer. Also, some country is banning bitcoin because of some reason.  The acceptance of bitcoin is very low, many company and establishment are still not accepting bitcoin because of some reason. The last is you can’t control bitcoin, yes it is a currency but digital.

[popoypalaboy03]

Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked. and also, The Bitcoin system could contain unexploited flaws. As this is a fairly new system, if Bitcoins were adopted widely, and a flaw was found, it could give tremendous wealth to the exploiter at the expense of destroying the Bitcoin economy.

[soll-moll]

I think the disadvantage of BTC is that some countries do not recognize it and consider it illegal and prohibit their trading and use in their country.So the BTC is different from the dollar, sterling and these fiat currencies.

[Sall-Mo]

The biggest drawback I think is the price of BTC is not stable, it is difficult BTC to buy goods. For example: In the past with 10,000 BTC to buy a pizza, now a BTC can buy a car.

[Dmitry.Vastov]

Bitcoin is new innovative thing. Like everything has two thing like advantage and disadvantage. Here we discuss some disadvantage of bitcoin. Bitcoin is not widely accepted because in some country it is declared as illegal. Bitcoin has no physical form of it. It is fully digital. If its hard drive will crash or virus corrupt the data then their is no other backup, so everything gets loss due this reason many people still disappointed at bitcoin. Bitcoin doesn't provides Byers protection means if you bye some thing by using BTC then their is no guarantee you get the right thing.

[AlexInTheOcean]

Trust, regulations, huge fees and transaction time.

[Bancia3210]

one of manin disadvantage of bitcoin is that in case if you lost you account are been hacked then it is hard to recover it

[ParveZ219]

The price is unstable
Many people doesn't know about bitcoins
Bitcoins are not accepted everywhere..we have to convert it to paytm or paypal balance

[pushups44]

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

The disadvantages are well known: slow confirmation times, relatively slow block times (10 minutes), high transaction fees, and lack of true anonymity. However, most if not all of these can get fixed in time. Hopefully we'll see major upgrades to the network in 2018.

[nellakarisma]

whose name ciptaanya human there must be weakness gan among the weaknesses that bitcoin price not setabil in the sense of rapid rise or fall without any prior notice. sometimes our wallet can be broken by unscrupulous person (ahokcer)

[DunnDy]

There is no denying that besides all of the advantages Bitcoin also has few disadvantages. The  biggest disadvantage is a price of transaction fees. It is literally too high. Also, a long time confirmations of transactions make users really mad.

[Blackdeath]

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

Even those things we think that are too beneficial do also have the negative part proving that no such thing in this world is made by man perfect. Bitcoin cryptocurrency despite of having many benefits which makes its advantage, it do also have disadvantages that make it somewhat negative on the mind and eyes of its users. I think the disadvantage that can be linked into bitcoin do also play from its advantage part which is being generated and operated online through the use of internet access to be easily access by people anytime and anywhere but how about if there is no such thing as internet existing into scenarios like war where power lines and communication lines including internet line are all down, how it can be access when it is dependent to be used over online usage

[batang_bitcoin]

Been checking this all the time https://bitcoinfees.earn.com/ as the most popular disadvantage of bitcoin now is the high fees and also the delay in time. The highest sat/byte now is 550 and that's way cheaper now and it only looks high because the price of bitcoin now is bumped.

[gidaahmad]

The disadvantage is the higher Bitcoin transaction fee and the old Bitcoin delivery time. And so, now many fork, hardfork, and soft fork are done to gradually solve the problem. And I'm sure that weakness will be overcome if every development is successful.

[Kulitha]

Even though bitcoin was found for easy transactions . Now we can't do that in practically . In these days the main disadvantages are of bitcoin is slow transaction speed and high transaction fee . and also for investing on bitcoin we have to invest lot of money   

[sam20108]

BTC involves mining, which makes its transaction very slow, it is a virtual tender which makes it very difficult to access or purchase products or services unless one involves in online transactions. This makes it tenability restricted

Now bitcoin fee are too much to pay .. also the bitcoin price not fixed