What are some disadvantages of BTC?

[Wittycoin]

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

I think one of disadvantage of bitcoin is that it has no physical appearance common for cryptos and not yet known to all people. It is less popular.

[Gramna]

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

There are hackers exist in Bitcoin and I think being hacked is being lost your investment too. And I think, this is one of the disadvantages of Bitcoin, they cannot control it but there's a solution. Making your account secure can make it safe and not prone to be hacked. Aside from that, I think not being stable of the price is also considered as disadvantage of Bitcoin, if it increases then it is good but if it decreases, it is a bad news especially for those who hold.

[sgenuine]

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

One of Bitcoin characteristics is anonymity. Bitcoin payments can be provided by criminals. As an argument most of the goods in the site Silkroad were represented by illegal items first of all by different kinds of drugs.

[8Habits]

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

One of Bitcoin characteristics is anonymity. Bitcoin payments can be provided by criminals. As an argument most of the goods in the site Silkroad were represented by illegal items first of all by different kinds of drugs.

Being said so, it can be challenging for enforcers to catch these criminals however, it is not only happening in bitcoin through - some altcoins and most in fiat money is this thing prevalent.

[harbin55]

In my one year of experience here in cryptocurrency ; to be exact in bitcoin there is no disadvantages that I encounter or any bad things.
In fact they provide me a instant  investment wherein I don’t need to answer forms and etc. All I am going to do is to tap and swip.

[Lodipetmalu]

The only thing I considered disadvantage of bitcoin is that the increasing trend is not constant. We can't predit the market. In case dollors depreciated, it will also result to decrease in value in bitcoin. Anytime bitcoin will decrease and we can't avoid it. However, there is hope. there's a big change that value will still increase due to more publicity of bitcoin.

[Xenoph0bia]

The only thing I considered disadvantage of bitcoin is that the increasing trend is not constant. We can't predit the market. In case dollors depreciated, it will also result to decrease in value in bitcoin. Anytime bitcoin will decrease and we can't avoid it. However, there is hope. there's a big change that value will still increase due to more publicity of bitcoin.

Yes there are some disadvantages of bitcoin.Firstly,it is very volatile.It is decentralised so it is not legalised in many nations.Moreover it is banned in some nations too.Its high transaction fee is also very inconvient.Bitcoin is fully digital so it needs internet connection which is not possible in every corner of the world.It needs some knowledge to operate it.Many people are illiterate so they cannot use bitcoin.

[bttcoin]

It's too hard to find a project, it takes a lot of energy to find the project, and the forum information is too much, it is difficult to find the focus.

[sarfwr]

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

There are still many disadvantages to bitcoin, but the biggest disadvantage is that the size of the block is too small, resulting in a small number of transactions per second, so this will still hinder the further advance of bitcoin.

[Bitcoinislifer09]

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

Despite of the advantages in bitcoin,we all know that there are somke disadvantages.I think the disadvantages of bitcoin,it is very open for everyone so that there are some users that they used the opportunity to make an illegal things.And also it is volatile but we cannot be remove this because nowadays being a volatile it's just a normal.

[JohnnyBrown]

Because it is a currency , we doesnt have a power to hold this , what Im trying to say is that there re a lot of scammers out there who can hack your account and get all your btc with just few clicks, we as a user need to  to be sure on the site wherewe invested our btc

[avi007]

If you lose the wallet which had bitcoins stored in it, you have lost all of your bitcoins in that wallet. You cannot regain it and they are simply lost forever.

In case credit card/debit card stolen, we can call the merchant to cancel the card and request for a new one but in case of Bitcoins, as it is decentralized and no one has control over it , we don’t have any person to call.

Also

Bitcoin prices are very volatile and increases/decreases at a very high pace. Speculators wish to take advantage of it but genuine investors thinks of it as too risky and therefore all the investors does not invest in Bitcoins.

[The Monkey King]

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

the disadvantage of btc on me and on my friends are sometimes we only sleep for an hour before going to school because we want to finish our target post a day and we don't have just one account some of us have 3 or 4 accounts and sometimes we forgot to eat because we have a lot of things to do.

[weblouartisan]

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

Well one that i can think of is that it is still not perfectly anonymous. Personally i'd like to see bitcoin evolve into the future into something like XMR with essentially in built coin mixing. This is probably not necessary but rather an add on.

Another thing is that, fees are often high.

Also, blocks are 10 minutes on average in between so that means you're probably not going to be able to get stuff irl instantaneously without the merchant having to trust you.

The best advantage of bitcoins is the value that is keep on increasing as the time goes by, Another thing is that market is volatile that's why bitcoins is good for a long term investment but even there are good things like this, Bitcoins can still be used by terrorist for drug laundering or having illegal transactions that's why other governments are banning btc in their country.

[shouter]

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

Some time ago (some months), I would not know tell what disadvantages Bitcoins has. But today I know a disadvantage, very unpleasant, by the way, high fees in the transactions. Unless of this disadvantage, i can not see there is no other.

[ledinasaliasi]

the most popular disadvantage of bitcoin is small blocks that makes transactions slow and delay, but that is not all, exchanges charge us fee on bitcoin transactions so high that small investors can not afford it.

[DiscretePatriot]

the most popular disadvantage of bitcoin is small blocks that makes transactions slow and delay, but that is not all, exchanges charge us fee on bitcoin transactions so high that small investors can not afford it.

I absolutely couldn't agree more. Hopefully, we will see Bitcoin overcome this pretty obvious obstacle in making it greater. Still believe that we'll be back on track soon.

[amzadabir]

We know it costs high and low transactions. There are occasional difficulties in trading.

[enwi]

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

which I know the disadvantage of bitcoin is a fluctuating price and can not be used as official payments, long-term transaction confirmations and also have a greater fee

[mxyzptlkof6th]

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

First is that its price is very unpredicable and if you are too greedy, you might lose assets. Second is that it is sometimes cosidered as illegal. Lastly, it is considered in some governments a threatto the economy.