What are some disadvantages of BTC?

[Hillthy]

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

I think bitcoin really has not had many users, popular until the last few years. The fact is that the field of electronic money is still a relatively new field and not many people know.
For both the user and the bitcoin investor, learn how to use it and its potential. It will take a while.

[1714645265]

1714645265

[1714645265]

1714645265

[Rollesto]

For now , the disadvantage that I encounter with bitcoin is that since it is a digital crypyocurrency and it requires any gadget such as laptops , computer or mobile phones and an internet connection to function it is being limited by this aspects . so what if , you don't have any of this it means that you're unable to join bitcoin .

[8Habits]

For now , the disadvantage that I encounter with bitcoin is that since it is a digital crypyocurrency and it requires any gadget such as laptops , computer or mobile phones and an internet connection to function it is being limited by this aspects . so what if , you don't have any of this it means that you're unable to join bitcoin .

Of course, you must have at least internet connection and a laptop or desktop in order to accumulate and transact bitcoins. It is really obvious because bitcoin is a cryptocurrency and it works online thus, it requires internet connection and a device. If you don't have any, you won't have it.

[josephpogi]

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

For me the advantage of bitcoin is wheb you have this  because bitcoin is more profitable to hold and i think if you have this you will get more money try to invest more momney in bitcoin if the bitcoin goes down because this is the time to buy and i will durely that it will pumo so fast and then sell again then buy.

[LastRolling]

some other people focus on the online because they want to earn bitcoin and now they work for other country and the value of our money getting lower and our economy getting lower.

[specsmuluk]

I think the weakness of the BTC is no person in charge, for example if our bitcoin is lost we can not report to anyone, if there is a responsible bitcoin better security system ...

[ANGEL_VOISE]

Maybe a lot of people think it's safe, but i think there's a bit of a disadvantage in terms of storing the virtual currency. you store your bitcoin in the wallet and then store it on your hard drive or other electronic equipment. so if it is damaged or exposed to a virus, virtual money stored in the wallet is very vulnerable to disappear.

[chaukhchi]

Everyone has known the advantages of bitcoin and I think bitcoin has some disadvantages such as: bitcoin prices that are uncertain (fluctuative), have no legal entity, anonymous, Not yet acknowledged the existence of Bitcoin in some countries, and very risky loss and stolen.

[AltheaHeart14]

One of the disadvantages that bitcoin has, sinca i am new think its transaction fees i tried to do the faucet anf i find that the transation fee on fuacet was quite high, In addition the i think the flactuating price of bitcoin is also one of their disadvantages.

[makototachibana]

User Anonymity

Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.

No Third-party Interruptions

One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.

[idgaf007]

Some minor disadvantage
1. Locations where no internet connection
2. you can not transact bitcoin in cases of calamity where the power supply is cut off.
3. Too volatile at the moment
4. You need a lot of applications to send and recieve money depending on your location (too advance for the elderly)
5. Transaction time takes too long
6. High fees

[gcckpxm62308]

Everything has both good and bad sides. The advantages of bitcoin are anonymity and decentralization so that we can trade without a bank or other third party, but the advantages of bitcoin are its disadvantages. When our money is stolen because anonymous so we can not recover our funds, and many criminals use it to commit crimes, so the advantage of Bitcoin is two-sided.

[Jaemouns]

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

There's a lot of advantages of bitcoin but as of now we talk about the disadvantages.
1.The disadvantages of btc is when you got scammed and this is the reason that all your earings will disappear without tracing up on it.
2.When you are in offline mode which you can't do withdrawal transaction of it but this is important to secured the safetiness of individual participants who earned bitcoin.
But honestly even though there's disadvantages but i've really trusted in btc online earnings.

[wahyu.prist]

The weakness of bitcoin can not penetrate international markets around the world, so it still needs breakthrough breakthrough to be promoted to developing countries so it can be a currency that many people demand. thank you

[gaby0312]

In my opinion, the main disadvantage of Bitcoin is that transactions are pretty slow, so we must not being in a hurry.

[chikading2016]

For me maybe this are some of the btc disadvantages. Bitcoin has seen more than its fair share of medium-specific scams, fraud, and attacks. These range from small-time Ponzi schemes, such as Bitcoin Savings & Trust, to massive hack attacks. Also One  of dis advantages of is the biggest drawbacks is a lack of standardized policy for chargebacks or refunds, as all credit card companies and traditional online payment processors have.

[Pasadoble]

one of the disadvantages is that it made investigation of some crimes more difficult.

[SportsTVCoin]

high fees

[KevinHD]

The biggest disadvantage of Bitcoin is its price that changes from time to time, and its being unpredictable in market. Invest now at its low price yet too risky because there are still possibilities it will just go straight downward and might took a long time to go back at its price the time you invested, ending up losing your time and money.

[jpespa]

One of the disadvantages of BTC is that many scammers have been taking advantage of people who have money to invest in bitcoin. For example the ponzi schemes and cloud mining scam. They will make you invest and for short time they will either be gone or your account will be banned for no reason.