What are some disadvantages of BTC?

[chenging14]

Bitcoins Are Not Widely Accepted
Bitcoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on Bitcoins as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.

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[greggypiggy]

It depends where you at. Because not all places accepts bitcoin. You cant use bitcoin to pay for goods as of now.

[Icaxx]

there are many disadvantages of bitcoin one of that is it can be hacked and it system may get down and we are not sure about it's price if it is still good in the market place.

I really don't know but so far, there is really no incentives in hacking bitcoin because everything, all of the bitcoin transactions are recorded in ledger, and if there is a serious effort in tracking it, it can be tracked. I don't also hear that bitcoin is hacked but there are many cases of hacking to sites that handle bitcoin like recently the nicehash but no case really of hacking to bitcoin core itself.

Talking about hacking, hacking is one of the advantage of bitcoin..
There are other disadvantages also that i know. Its like slow transaction and high fee. They are both are my concern.

[Sumo]

If the transaction speed can still be reconciled, then commission fees I really do not like. Often, small transfers are very unprofitable because of this reason. In this regard, some altcoyins are more convenient to use.

[Fantastic33]

One of the disadvantages of bitcoin is its price volatilily. Due to its changing and unpredictable price, you may or may not gain profit. So its very risky to invest or trade unless you are very knowledgeable. Second is that its highly technical. Since its a digital currency, one needs an internet connection to be able to use or do transactions with bitcoin. You also need to download wallet and learn how to use it. And i think thats very hard on the part of those people who are not techie. Some wallets also have limitations on the amount that you can receive or send per day, per month, or annually and verifications on limitations takes several days or weeks to be approved, and that makes it very hard to encash bitcoin.

[rvrl_23]

you're practically anonymous when in btc transactions so if you get scammed it's hard to trace your scammer
bitcoin prices are not that stable, sometimes it can skyrocket and sometimes the price can go down just like now,
you can do trading or other business as a part time job but btc is far too unstable to be a fulltime job just in my opnion.
And lastly you have no assurance in bitcoin, in how long they will exist or will it be popular or it will be obsolete in the near future.

[alterwelt]

In addition, BTC transactions fees seem to be getting higher and higher which was suppose to be an advantage and core principal in the beginning.

[drukoz2]

Of course, I see more advantages in bitcoin than disadvantages, but I'm not satisfied with the low transaction speed, commission fees. It is also embarrassing that bitcoins still can not be accepted all over the world, that there is (albeit very low) probability of hacking a purse. And of course the fact that bitcoin is not unsupported. This creates a little insecurity in it, but I still continue to invest.

[Estreal]

One major disadvantage of bitcoin iis that lack of awareness among people and also the lack of technology in many parts of the world makes it very difficult to make bitcoin a globally accepted currency. So in developed countries, there is not much problem but when it comes to developing nation’s lack of technology is a big factor against the application of bitcoin.

[rampage101]

The disadvantage of bitcoin is that the more miners mine, the greater the complexity of mining itself. It takes much more electricity, farm capacity to maintain production efficiency. Because of this, the commission value for transactions increases.

[Thyristor]

The biggest disadvantage of Bitcoin is that it is very volatile and price of bitcoin keeps changing very fast and sharply which is not the case with other currencies which are very stable.

[rappyboy1]

disadvantage of btc is that it is too volatile to be use as a currency or any form of payment right now. another thing is buying bitcoin right now in some sellers is really expensive, they are getting more than what they should.

[Coin-1]

5. It can be used in illegal works such as deepweb or blackmarket.
6. Can be used to launder money.

Actually, Bitcoin is a very transparent crypto currency. Take a look at Dash or Monero. Those crypto currencies supports an anonymous transactions and can be really used in illegal works.

[aisyah88]

may be currently experiencing weaknesses in bitcoin only at the time of sale and it often I experience whether it is experiencing congestion and in the hold can reach two days

[megatrix]

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.

Whenever there are advantages, there will always be disadvantages and one of this is the rate of the bitcoin. Bitcoin prices are unstable and not consistent. Your investment may either grow or not. There are also times where you have to wait for it to increase and hold your investment for a moment since we don't know when it will rise again but one thing for sure, it takes patience for you to earn.

[odranoel]

Disadvantages of bitcoin if only you are lazy, especially for meeting your  target here. But if you are doing good here with your determination of work, hardwork with love and compassion your not only meet the target but you reach the what we call success. So what are some disadvantages of bitcoin? ...NOTHING!!

[romeo111]

Here some disadvantages Bitcoin
1.Exposure to Bitcoin-Specific scams and fraud
2.Black market activity may damage reputation and usefulness
3.Susceptible to high price volatility
4.No chargebacks or refunds
5.Potential to be replaced by superior Cryptocurrency.

[Rascar Capac]

the disadvantage for me is just not all store in the world, online or offline shop can accept bitcoin as the payment, if it accept bitcoin as the payment i believe that bitcoin will rising up to the sky, because all people want to have it because of flexible to use and can use it internationally

[ChiBitCTy]

One clear issue with Bitcoin is the fact that it uses Broadcast like forms of communication. However there’s a solution to this problem! The Lightning Network is going to utilize a Unicast data transmission type where information is sent from one point on a network to another point (one to one).

Further clarification form a buddy that helps explain this further in lames terms- https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5

Don’t forget to HODL

[dyablo]

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

All transaction happen in bitcoin is untrackable and because of that bitcoin can be abused, it can be use to buy drugs and may use in every illegal activities in blackmarket.