What are some disadvantages of BTC?

[CAPT.DEADPOOL]

the disproportion of bitcoin can be reduced and the value can be increased and not yet known so much bitcoin when not yet approved in other countries but overseas approve and legit on their bitcoin many bitcoin consumers not just because big its value but many can use bitcoin

[Verdika90]

hallo, here I am trying to post some of the weaknesses of bitcoin. the first, the unstable value of Bitcoin, because bitcoin is a speculative currency. until now not enough companies that offer the purchase and sale of products with bitcoin as a means of payment.
the second is Very risky lost or stolen. As a virtual currency, bitcoin is stored in the form of digital files or known as wallet files. In use, wallet files are similar to the cash storage function wallet, however, the wallet files stored on the hard disk of your electronic equipment are very vulnerable to damage. In addition, viruses that attack your hard disk can also make stored bitcoins just disappear. The digital wallet can also be hacked and stolen through malware. Not to mention the risk of hard disk content of bitcoin owners erased accidentally. More painful than cash, you lose all the contents of the wallet without being searchable to where it goes. and the latter used as a Money laundering Tool by some persons, The use of bitcoin currency is not controlled by government or authorized financial institution. As a result, such conditions provide great opportunities for criminal activities such as money laundering and tax evasion. Lack of government control also makes bitcoin seem worthless. In addition, some financial observers consider bitcoin as illegal currency because it is not encouraged legislation lawful in the eyes of the law. okay guys, it's some weakness of bitcoin in my opinion, if anyone knows the weakness of bitcoin other than that I post, maybe can share in order to be useful for me that still newbie.

[sicnarfkswiss]

90% of bitcoin have advantages over 10% disadvantages, I can only tell few, like only few establishment accept Btc as payment and a Few country who acknowledges it, it needs strong networking to spread this all over the world.

[Mr.John19]

Bitcoin is an online cryptocurrency, no internet connections no transactions, if bitcoin is use to purchased in a store with no internet,it cannot be process,these are few disadvatages of bitcoin.

Bitcoin is like a double-edged sword. It may be turned to treacherous uses if it is not appropriately handled.  it means that bitcoin has disadvantages and advantages also, It will depend on the person how he or she uses the sword. However, the bitcoin disadvantages are most happen in our life when we exchange small amounts, and the free is not suitable for the price. Speaking of the price or the value of the bitcoin is so capricious.
 

[mr.bitcoin2k17]

Long term transactions and expensive taxes

[gvnsrbtc]

I think the biggest disadvantage of Bitcoin is fees. You see it everywhere these days but a lot of people are complaining specifically about sending smaller amounts of coins and having to pay a fee which is higher than what they want to send. The biggest problem that BTC must solve is transaction fees.

[Vermilion-]

Disadvantages of bitcoin like hackers that can steal your bitcoin, You invest in bitcoin and the price its not going up and the worst of all the bitcoin price is going down slowly then price is stable in many days, then you sold your bitcoin because of your emotion mostly newbie did this. And were happy when bitcoin price is increase but the transaction fee will increase also.

[kinzey]

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

News can easily affect the price btc. Good or bad the price of btc just goes up or down. Transfer fees now are just so high. You need to get a big amount to be worth it. And it takes time to transfer funds. Hopefully these problems can be addressed in the near future

[Satish147]

I can say the scalability issue and governance model is the main disadvantage for Bitcoin and because of that new emerging coins like IOTA and NEO and others are able to gain massive surge in the recent days.

[v3teran]

Slow transaction and high fees

[richelle87]

The disadvantage of BTC is that now it's too expensive to start. New investors are afraid to invest a lot of money to bitcoin because of its price volatility and there's no promise that you always gain profit.

[Mersterious]

and my own idea

I think some disadvantages of bitcoin are very long transcription times, we all know that the bitcoin confirmation time is currently very long compared to Ethereum or other tokens, this is the biggest disadvantages of bitcoin.

[Dapper]

The disadvantage of BTC is that now it's too expensive to start.

I hear that a lot, but that's like saying I can't open a bank account for $8200 because I don't have enough to start.   You don't have to start with a whole bitcoin, just like you can open a bank account with $50.

[Cece]

Some disadvantages of bitcoin that I know is the unpredictable price that might result to loss of money or profit in every people who do bitcoin. The low transaction of money,  some countries that banned bitcoin that affect the number of investors, and the unsafe of using bitcoin especially those who have enough knowledge about bitcoin.

[Dapper]

The slow transaction and high fees comments are clearly coming from people who don't do transactions in btc everyday.   I do and the network is faster and fees are again just a few dollars for thousand dollar transactions.   At this moment, I have multiple $2600-$3100 transactions going through and it's $1.25 to $1.40 per transaction.    Across the world in around 10-30 minutes at present for less than half the cost of the average drink at Starbucks.

[greggypiggy]

There are few things that make bitcoin not a perfect coin. Bitcoin is very unpredictable, one wrong move will lead you to a big lose of money. Another disadvantage of it is you cant buy goods using bitcoin because it is not yet accepted in other countries.

[BCTBF]

There are few things that make bitcoin not a perfect coin. Bitcoin is very unpredictable, one wrong move will lead you to a big lose of money. Another disadvantage of it is you cant buy goods using bitcoin because it is not yet accepted in other countries.

Buying goods using bitcoin can still be done even though their country has not received bitcoin as a means of payment. It can still be done on the agreement on both parties who will transact. If talking about predictions, not just bitcoin I guess, all alts are also unpredictable. I personally want the price of crypto can be stable, although not 100% stable can at least be able to survive in high prices.

[elizavetausova0112]

For me, the drawback is that they are quite large commissions when translating, sometimes it's a pity!

[robynmario]

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

Bitcoin is formed and launched for a long time. However, it has only been popular for many years. The peak is 2017.
Bitcoin formed from online technology. It is not easy to use or invest.
Bitcoin provides fairness in peer transactions. It does not have any guarantees and responsibilities.
Bitcoin can increase crime syndicates, tax evasion, money laundering

[zentdex]

As I see most of the user ask for advantages, now I see who is asking the disadvantages. Based on my experience the transaction speed couldn't fit to the need of the merchants. Like in a credit card or debit card, once a payment will be pushed the bank could easily reply the necessary info like balances thus almost instant payment is happened. But in bitcoin wallets, the delay who needs several confirmation some in a minimum of 3 confirmations adds to the delay of transaction. Imagine if you are paying a cab and you and the driver would need to stay for a while waiting for confirmation before you been fully paid him and getting out of the cab.