What are some disadvantages of BTC?

[Unilevear]

The disadvantage of bitcoin is its transaction time. We are paying for a huge transaction fee now but the transaction time keeps on increasing. I know that lightning network is not a thing and probably not going to be a thing in the next couple of years but this doesn't change the fact that both the transaction time and fee of bitcoin is its disadvantage. It's still cheap compared to other ways of sending money, though. As day goes by, this disadvantage keeps on getting worse and worse.

Another disadvantage is the community where everyone is trying to pull each other down. I think it is limiting our growth since we do grow by supporting each other and not by competition. We should help each other instead of spreading FUD or promoting things for the benefits of no one but ourselves.

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[bitfocus]

transaction time, transaction rate and some stupid people who dive into Bitcoin without having any knowledge to get some money, not to face the risks

[Buttercup123]

They say  bitcoins offers fast and almost feeless transactions you will so.But today it is the disadvantage of bitcoin,blockchains fee cant adjust with the rising value of bitcoins so fees got so high in value rather than before.And traffics on blockchain now are so long that it has 200k+ unconfirmed transaction within days

I agree too,  in fact when bitcoin is increasing in fame,  the transaction is very affordable, and almost everyone can transact not very limited as of today. To add something we can also say that the volatility of bitcoin is a a bad thing too,  though its volatility can make you earn large profit when holding bitcoin,  it can also make you loose all your holdings.

[ramJet08]

I think that the main disadvantage of BTC is that i hadn't bought it earlier))
But to be serious, i believe that BTC is not really convenient to be an everyday currency. Its price is too high so u actually can not buy anything for it.
Moreover, according to features of blockchain of BTC it's too slow to be used in our life.

[BTCbengi]

Little Bitcoin is known as a virtual currency. It is considered illegal in many countries and has been banned. Besides, if there is no internet and access device, you can not join it. Finally, its value is constantly decreasing, causing many to feel anxious

[zhangchunyang]

Though bitcoin is very revolutionary, its infinite deflation is destined to become a good value store than gold, but it is difficult for large-scale transactions.

[babala]

The big disadvantage of bitcoin is the high risk of drop of price in the market. We were unable to control the market even we can predict it , there still chance that it drops. As of, still it high price. Hoping still continue to rise.

[soma50]

There is too much deal. There is a lot of cost. But Bitcoin is amazing. The progress in the future is going to go down.

[jayco25]

disadvantage of bitcoin are high transaction fee its too long to send bitcoin. the possibilty to become shitcoin it to big since satoshi nakamoto never seen by people. hoping that it will not happen in the future

[Xester]

I think costs are getting more expensive, It needs strong networking to spread the word on bitcoin, Bitcoin is relatively new and most of its features are incomplete and There is still a long way to go before Bitcoin gets to its full potential.

The fees are getting high because bitcoin is high.  Same thing with other commodities, when its price get high on the market, certainly its retail price will likewise goes up.  As to the popularity of bitcoin, it is now getting known by people around the world.  But to think of it, bitcoin gives us more oppprtunity to earn albeit its high transaction fees.

[befriendmywater]

disadvantage of bitcoin are high transaction fee its too long to send bitcoin. the possibilty to become shitcoin it to big since satoshi nakamoto never seen by people. hoping that it will not happen in the future

No it's not a high transaction fee as your thought. In the past, when bitcoin is only 1k$ , the fee is just about 0.5$ or 1$ only. Just because the raising on price of Bitcoin cause to the raising of fee transaction too ( same quanlity but higher price ).

[saycryptohello]

For myself, I highlight the following major disadvantages of bitcoin: the speed of transactions and the cost of these transactions, and I am concerned about the fact that is 1000 people own 50% of the bitcoins, there is no decentralization.

[genology]

There are a lot. First is that its growth fluctuates. Last 2017, Its growth boosted so high and today, it went down again. Another one is that it is not in physical form. Most of us still go to physical stores in order to buy something and most of these stores don't accept Bitcoins.

[dimonstration]

disadvantage of bitcoin are high transaction fee its too long to send bitcoin. the possibilty to become shitcoin it to big since satoshi nakamoto never seen by people. hoping that it will not happen in the future

No it's not a high transaction fee as your thought. In the past, when bitcoin is only 1k$ , the fee is just about 0.5$ or 1$ only. Just because the raising on price of Bitcoin cause to the raising of fee transaction too ( same quanlity but higher price ).

just like for what we have been experience in real world that some salary on how does it was been start for and the way we buy some goods and it was been increase for and we are able to see also on how does the way on how we buy some goods for also this is what we have been take for , this is really as a good example for what are we have experience in bitcoin.

[wireless1889]

There are a lot of reasons to like bitcoin, but there are of course reasons to be psed sometimes with the nature of bitcoins. One example is the process of mining it is so long and bitcoin transactions are slow. another is its uncertain value fluctuations. But hey, its disadvantages are being shadowed by the advantages and benefits bitcoin provides us.

[jsarce]

Bitcoin's volatility is the major disadvantage. Another thing is the wallet. Totally unsecured, easy to lose, and hard to backtrack when something goes wrong.

[DoublerHunter]

Bitcoin is a great invention and has experienced a lots of growth. At this stage, some disadvantages of BTC are: 1) high fee; 2) long transaction confirmation time (block time is 10 minutes, and there are many unconfirmed transaction in mempool waiting for confirmation).

That is true that the fee is now high compare to the fee of the past few years and the confirmation takes ages before the transaction gets at least 1 confirmation. I hope that in the next few months, the developers will have some improvements that will make the network of bitcoin fast and cheaper again.

[QWURUTTI]

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.

[andiko]

As for me, the only drawback of bitcoin for today is high commissions. But this problem will soon be solved, with the introduction of lightning network.

[Daniya]

Bitcoin is accepted by small groups only in the merchants. And many people have no idea for bitcoin.