What are some disadvantages of BTC?

[oaz7t]

The volatility of bitcoins, they are very unpredicatble as the prices can shoot up or fall down and might lead to profit or loss for someone
Bitcoin has been banned in a few countries by the government due to which the number of users from those country have reduced
The limited supply of bitcoins in the market
Bitcoin being decentralized makes it a perfect currency for illegal transactions over the dark web
The transaction time for bitcoin is too long when high amounts are being transferred
The transaction fees have also become expensive which sometimes if not beneficial or economical

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[1714642284]

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[8Habits]

The volatility of bitcoins, they are very unpredicatble as the prices can shoot up or fall down and might lead to profit or loss for someone
Bitcoin has been banned in a few countries by the government due to which the number of users from those country have reduced
The limited supply of bitcoins in the market
Bitcoin being decentralized makes it a perfect currency for illegal transactions over the dark web
The transaction time for bitcoin is too long when high amounts are being transferred
The transaction fees have also become expensive which sometimes if not beneficial or economical

I am 100% agree with you mate that the fee is quite expensive already and thus making the utility side of bitcoin going gone. However, in your some points, I think those are even the strength of bitcoin, namely:

1. the limited supply of bitcoin is indeed one of its edges because if the supply is unlimited, the price could inflate;
2. being decentralized is indeed a good thing because there are no other people from the government and banks that will dictate your money only you does that - and one more thing on that, illegal transactions are done even with fiat money;
3. the amount of bitcoin does not really matter to how long the transaction could go through, it is the amount of transaction fee that matters.

[btcCoincart]

transfer took so long time!
That's what i hate when make transaction.

[Angelo S. Isbell]

Not many users: The fact is that people, especially those who do not grow as much as Vietnam, are accustomed to using currencies, gold and silver. And they do not know much about electronic money. Along with that many well-known papers have negative posts about this currency (I will explain later) so people are very cautious and have many worries when using bitcoin.

[John D. Smith]

Not many users: The fact is that people, especially those who do not grow as much as Vietnam, are accustomed to using currencies, gold and silver. And they do not know much about electronic money. Along with that many well-known papers have negative posts about this currency (I will explain later) so people are very cautious and have many worries when using bitcoin.

[Mark R. Slater]

Not many users: The fact is that people, especially those who do not grow as much as Vietnam, are accustomed to using currencies, gold and silver. And they do not know much about electronic money. Along with that many well-known papers have negative posts about this currency (I will explain later) so people are very cautious and have many worries when using bitcoin.

[lotto-fan]

Bitcoin is slow and fee is way too high... hopefully with lightning network this will be solved.

[abaidudez]

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

I know some of the advantages of BTCitcoin. But I guess we all know it. I'm not that worried of the disadvantages. For as long as you know it you know what to do. Like its volatility, you can never tell when its price will drop or go high. But if you know and get used to it. You will find ways to gain even with that price movement. Not that affected of High Fees to make transaction fast. Because if you invest big or trade well with big amount that fee is just a cents. Not yet accepted in other nations, but can make ways. Cash it out first into dollars.

[russella31]

Bitcoin has some disadvantages. For one, it's not yet accepted in my country. If you are not careful, your wallet might be hacked. one should be careful in their transactions, after all, we're talking about money.

[Ann K. Carter]

Not many users: The fact is that people, especially the less developed countries like Vietnam, are accustomed to using currencies, gold and silver. They are no more on the same money. Along with many well-known articles on this currency (to be explained later), people are very cautious and have a lot of worries about using bitcoins.

[Lona R. Pratt]

Not many users: The fact is that people, especially the less developed countries like Vietnam, are accustomed to using currencies, gold and silver. They are no more on the same money. Along with many well-known articles on this currency (to be explained later), people are very cautious and have a lot of worries about using bitcoins.

[jacksonmark30]

At the moment, you will have to pay higher fees to get your payment on top of the list. TO me, this totally doesn't sound fair and hope will be improved soon.

[wooch4aeye]

bitcoin was great but  last month bitcoin become so suck.
high fee and long time all make so bad.
it is better to use altcoin

[8Habits]

At the moment, you will have to pay higher fees to get your payment on top of the list. TO me, this totally doesn't sound fair and hope will be improved soon.

I am pretty confident that this issue will be fixed in no time because I am certain that there are many more subscribers that are also having the same issues and that fact is the motivating factor for developers on fixing this masses issues.

[s31joemhar]

the some disadvantage of bitcoin are: it can only use inside the cyber world and you can't pay transportation or buy in sari sari store using it you need to convert it first in a real money before you can use it in the real world, and also one of the disadvantage of bitcoin is flexibility of it there has many limitation in it.

[lunaalthea]

The disadvantages of bitcoin is its nature of being too volatile. It's value rises rapidly and suddenly go down. People earned a lot because of this and other people also lost because of being scared that btc bubble will burst any moment.

[Kisanaq]

I think some disadvantages of bitcoin are very long transcription times, we all know that the bitcoin confirmation time is currently very long compared to Ethereum or other tokens, this is the biggest disadvantages of bitcoin.

[Leezkie22]

I think one of the disadvantage in the bitcoin. Is about price. The price is not stable. And its very long transaction. But i think all currency has a individual disadvantage. So we need to face the reality. And another thing it can never yet give as a credit. For payments ect.. . So you have to trade first before you can use the bitcoin as a transferable money.

[giogio0504]

For mining a long time needed and it becomes more and more difficult.

[doraegun]

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

Disadvantages of BTC is only lack of Tight security of the storage of your Money or BTC that's all. because even if this is controlled by the owner of bitcoin flatform or the owner of wallet company who gave the services to you through your btc or money save into wallet itself. but the hacker did not stop to find the best way to  hacked your money.