What are some disadvantages of BTC?

[Akash1243]

There are many people who still doesn't know about bitcoins yet and it's use in world are really limited.I think it's fees is too much for small transactions.We can't cancel the transactions once we had broadcast it which might be scary if you would send the bitcoins to wrong address.Bitcoin's volatile nature is both an advantage and also an disadvantge as if prices spike high fast it can also drop very fast too.

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[noictib]

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

This is the universal truth in every field that if we have advantage then there will exists chances of much loss .
Here bitcoin have many advantages but few people are using it for wrong things .
Few people are using bitcoin for illegal payment , and few are using it for the money laundering which is really a bad thing for the future of the bitcoin .few countries are against the bitcoin Because they are thinking that misuse of the bitcoin going increasing and can harm the grow of the coin back  , But here in my opinion the government can make everything online so that no one can use bitcoin as an money laundering or unknown payment purpose
If here you will talk about some technical disadvantage then here it is the confirmation system during the transaction , every time we needed to have confirmation to have the reliability of transaction that will not reverse .

[pekingcoepo]

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

Behind many advantages, Bitcoin has many disadvantages, one of which is related to storage. To be able to spend it, the owner needs a private key stored in a digital wallet and can be stored locally on the computer or printed. This private key can be stolen or lost.
The value of digital currencies is also very volatile. The exchange rate can be very high and fluctuate due to the limited amount but the demand is very much. For that, beginners have to explore the ins and outs first in order to avoid the fatal losses.

[Granxis]

It is a big problem that the transfers that are made can not be returned. Because newbies and beginners are sending huge amounts of false addresse. Unfortunately, there is no solution to this problem.

[sukamasoto]

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

It can be use from criminal activity such as money laundry or corruptor which our country are against them
Other than that, bitcoin may help people with it's power so overall it's depend on who use bitcoin whenever they want to use it for good or bad

[lucifochrome]

Well the good and bad, as what you have said, we all know the advantages of bitcoin but as for the disadvantages, first is i think it can be easily manipulated, by easy it is not for the common joe. It is from the higher people. People with power, with money people who have so much influence, these people can easily manipulate bitcoin. Say for example, if you have money and you wanted to buy bitcoin but in order to gain more profit you have to do something to make the market fall. For influential people they can just say negative things about bitcoin, then buy when it dips and then say something positive about it then sell when price already hiked. Second is if you don't know much about wallet. It can be forgotten. Long phrase codes tend to be forgotten. If ever you write it down and it was stolen then there goes your bitcoin. When you only have one wallet and that gets destroyed, corrupted etc. then goodbye bitcoins. Other thing are scams, there are so many scam site. it is very difficult to find legit ones.

[TagaMungkahi]

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

I think one of it is the slow transaction confirmation and transaction fees are one of the disadvantages that BTC have. In my opinion one of the disadvantages of it is the lack of shops and merchandises around the world to give a reason to spend your bitcon , atleast with this we can spend bitcoin and use it as a currency not just an investment.

[Jgatsby]

here are some disadvantages of Bitcoin:

-It relies on the internet, you can't access or operate offline
-Not noob-friendly, one wrong move for the unfamiliar user can cause problem or even lost of bitcoin
-Volatile/Erratic - investing comes with a greater risk compared to other businesses (though can be advantage as well)
-Digital currency, lose your digital wallet or accounts and your Bitcoin is gone.
-No Refund - sending and receiving bitcoin is risky, 1 wrong letter in the address and say goodbye to your bitcoin

P.S it's my personal opinion, I might be right or wrong.

[dacsee]

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

Theft, if you are unsafe about your private keys, the coins are binary and you either have them or you don't,

no central bank support or fraud department that can refund you.

[farhaan]

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

Earlier,the main disadvantage of bitcoin was the higher transaction fee due to which thousands of transactions got struck.It also became a reason for new businesses not accepting bitcoin as a payment.

But now,due to segwit activation after long struggle withe the miners,finally it got solved.But volatility which exists from the creation of bitcoin still remains to be a big issue which could be unsolved.Bitcoin,being a decentralized currency has no authority to control its price and its price is determined by the demand for bitcoins.So,volatility remains as a continuous issue for bitcoin due to which most retailers don't accept it as a payment and most countries have not legalized it.

[Herbert2020]

-No Refund - sending and receiving bitcoin is risky, 1 wrong letter in the address and say goodbye to your bitcoin

first of all not having any charge back is a feature and a key one at that. this can not be considered a disadvantage just because you don't like it.
second, if you put 1 wrong letter in the address you are trying to pay to, that address become invalid and your wallet will reject it. even if you are using a shitty wallet that does not recognize this (which is impossible) the network will reject it since what you are paying to is invalid.

[traderethereum]

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

Earlier,the main disadvantage of bitcoin was the higher transaction fee due to which thousands of transactions got struck.It also became a reason for new businesses not accepting bitcoin as a payment.

But now,due to segwit activation after long struggle withe the miners,finally it got solved.But volatility which exists from the creation of bitcoin still remains to be a big issue which could be unsolved.Bitcoin,being a decentralized currency has no authority to control its price and its price is determined by the demand for bitcoins.So,volatility remains as a continuous issue for bitcoin due to which most retailers don't accept it as a payment and most countries have not legalized it.

talking about the transaction, we need to wait for at least 30 minutes to see the transaction gets confirmed unless we want to pay more high than the normal fee. the price is too volatile and its depend on what trader or people react if there is a bad news or good news in out there. bitcoin can be used for illegal activity without being tracked unless someone know how to do.

[Dewao]

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

I don't see any disadvantage on bitcoin, but to me i have disadvantage to myself when i am focus here in bitcoin forum, sometimes i can't eat on time because im busy searching and i can not sleep early because im busy doing earning bitcoin .

[staff_1307]

If we talk about the shortcomings of bitcoins, then this is a large volatility of the currency. In other words, even a month the price of bitcoin can make huge leaps.

[Kuchiyose]

If it says the lack of bitcoin is by not supporting some countries about bitcoin and its usefulness 

[Cranidos]

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

One disadvantage of btc I consider is that it is unstable. The fluctuation of price and volatility are what make other investors steer away from btc. Though it is an advantage for other people especially traders. Another is it can be used in illegal transactions such as money laundering which forced other countries to entirely ban btc.

[prass tyo]

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

I think the bitcoin does not hurt, but the wrong sometimes from the users who sometimes abuse bitcoin, in transacting.
so essentially this is all back again to the purpose of its users

[littlestars123]

I found out few disadvantages in BTC they are as follows :-

It is not something as fast cash cannot with draw them for ready cash it take some time or days to get cashed.

The price value keeps changing from time to time.

At times the transactions get jammed and it will take days to get the cash in the bank.

BTC is not accepted everywhere we go it will work only if it is cashed

There is no direct withdrawal system like what bank provides it would have been better if there was electonic cards like atm which can give direct cash on the demanded time.

We loose all BTC if the wallet gets hacked or even if we loose the private keys

[EiKaGlaShPriSAThWEl]

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

One of the very big disadvantage of bitcoin is that there are no stores that accept bitcoin in the particular place I am living. I may have a lot of bitcoin but I need to convert it first to fiat and pay for the fee.

[Immakillya]

Bitcoin is very popular these days. Though people see bitcoin is a great tool for complete anonymity. We can't say that it is because every country that accepting bitcoin are now find a way to regulate the usages an it's users. They are now implementing the AML/KYC. Now we should comply with this law in able to use bitcoin freely. Means, you are not completely anonymous since you are required to submit your identification documents to use bitcoin completely like depositing into a bank and converting it into fiat. There are also other disadvantages:

1. People must aware and completely understand what is bitcoin and how it works in able for the to use this technology.
2. Risky because of volatility. Price is very unpredictable because the price is bouncing up and down each day passing by.
3. Can be use by criminals. Hackers are now using this tool for their victims. Over 150 countries were attacked by hackers and ask for ransoms recently. They ask for bitcoin as their ransom. I think biggest crime happen in the internet.