We all know the advantages of BTC, but what are some of the disadvantages??
Volatility, slow transactions and decentralization. Its volatility is the biggest problem in my opinion. Investors really hate it especially whenever its market value is falling because they are losing money at the same time. Decentralization is somewhat a disadvantage for its security lacks authority. Slow transaction is obviously a downside. 
Topic: What are some disadvantages of BTC? - page 12. (Read 7897 times)
We all know the advantages of BTC, but what are some of the disadvantages??
One of disadvantages of bitcoin is you can't used in offline store because they think it is a scam or illegal but I think there are some offline store who already accept bitcoin as a payment of their costumer. In addition to that, I think the unstable price of bitcoin is a also an disadvantages of bitcoin.
Requires knowledge and technology.
It is not to be concealed that currently cryptocurrencies are the domain of people related to cryptography and / or computers. Or people who need to look for means of payment in the shade (mainly illegal activity). Generally: a narrow group of geeks. It requires learning how to do it, installing additional software and generally breaking distrust from other people. In addition, it requires a computer (smartphone) and connection to the network. Paradoxically, this is not necessarily such a big problem - after all, payments by means of telephones are introduced by traditional banks, and people are not bothered by the lack of understanding of the types of threats facing such payments.
It is not to be concealed that currently cryptocurrencies are the domain of people related to cryptography and / or computers. Or people who need to look for means of payment in the shade (mainly illegal activity). Generally: a narrow group of geeks. It requires learning how to do it, installing additional software and generally breaking distrust from other people. In addition, it requires a computer (smartphone) and connection to the network. Paradoxically, this is not necessarily such a big problem - after all, payments by means of telephones are introduced by traditional banks, and people are not bothered by the lack of understanding of the types of threats facing such payments.
We all know the advantages of BTC, but what are some of the disadvantages??
I always trade with bitcoin and altcoin. I guess that's what I always do. there are many ways to get profit from bitcoin
There are some disadvantage of almost everything and bitcoin have this problem as like others. Basically, it is very useful for those people who are related with some kind of online program and trading but there are some problems with this system.
Some countries ban btc for some personal reason so that people can not guess what will occur with them at future and if their government will do like them then they will loose their big amount of money. Addiction of money is very dangerous and people deals by money at there so that it is growing highly inside of people and I think it does not become highly protective and secure place till now so that the illiterate people can be effected there. But all of above it is much better than other,.
Some countries ban btc for some personal reason so that people can not guess what will occur with them at future and if their government will do like them then they will loose their big amount of money. Addiction of money is very dangerous and people deals by money at there so that it is growing highly inside of people and I think it does not become highly protective and secure place till now so that the illiterate people can be effected there. But all of above it is much better than other,.
As I observed, the only one I'm concerning in bitcoin was the transaction fees. When I transferred my money to other account, my money will deducted on a high amount. But the rest was great when it comes in trading, investing or even participating campaigns. It also have high security to help your money secured all the time.
In my opinion, one of the biggest here is its limited supply in the market.
The Transctions are too slow and if your going to have micropayments the fees are expensive. I hope Satoshi will help the entire ecosystem. Some thoughts there will be a lightning network to help bitcoin fasten its transactions
The major drawbacks of BITCOIN are :~
1. Its unstable price.
2. The negative thinking built in some people's mind because BITCOIN is banned in some countries.
3. BITCOIN is a online investment which is also not safe as cybercrime is increasing day by day.
4. Its fees is very high and transactions are very slow.
5. If due to any reason are wallet details are lost ,everything is gone.
1. Its unstable price.
2. The negative thinking built in some people's mind because BITCOIN is banned in some countries.
3. BITCOIN is a online investment which is also not safe as cybercrime is increasing day by day.
4. Its fees is very high and transactions are very slow.
5. If due to any reason are wallet details are lost ,everything is gone.
Bitcoin payment system is very slow for transaction confirmations.bitcoin transaction charges increased.
Bitcoin is probably more volatile and risky then any other currency. I'm an investor in cryptocurrency and the high volatility of the bitcoin make me nervous. Also the regulatory framework for cryptocurrency businesses is incomplete. Criminals are using bitcoins for illegal activity on the Dark Web.
The major disadvantage of bitcoin is the ability of being hacked at any time or some one can loss it if password to the wallet is forgotten.
In fact, of the advantages of Bitcoin come up and its shortcomings. First, using your wallet anonymously, you have only the password and the bitcoin code that are required for authorization. In case you lose the password or forget it, just lose the wallet and the money on it. You will not be able to contact any regulatory authority or Bank and request a password recovery and access of such a body simply does not. Also a flaw in the system that by sending a payment, you can neither stop it nor change the conditions – it is done irrevocably. If you specified the wrong amount or payee, nothing will not change
The disservices that I know on bitcoin in view of my experience is a moderate exchange as far as exchanging assets to other wallet particularly when you picked the lower fee.Which just implies that we have to pay high for a speedier transactions.Another detriment is a few people exploiting its obscurity utilizing it on illicit exchanges. Be that as it may, to have the capacity to succeed hindrances are simply challenges for us,take the hazard and point high with bitcoin.
We all know the advantages of BTC, but what are some of the disadvantages??
For me the disadvantages of bitcoin is that it is not legalized worldwide and some country want to banned it. Actually I read an article that telling that there's a possibility that bitcoin can be gone in some country like on my country because the people who make it are all gone. Some says it a scam that the money that they gave to people is the money that they get to us.
Actually it's not a disadvantage bro,it takes sometime to make legal. Many countries start to make bitcoin as a legal currency due to the increase in price and adoption.No one can stop the growth of bitcoin.
We all know the advantages of BTC, but what are some of the disadvantages??
For me the disadvantages of bitcoin is that it is not legalized worldwide and some country want to banned it. Actually I read an article that telling that there's a possibility that bitcoin can be gone in some country like on my country because the people who make it are all gone. Some says it a scam that the money that they gave to people is the money that they get to us.
One of the most noticeable disadvantages in earning Bitcoins is that the mining time can be time consuming and slow. The fees that are involved are also high.
BTC transaction, not trace it is an advantage for BTC then it is a big disadvantage.Than BTC transaction does not trace, so the terrorist does use bitcoin in crime sector.
We all know the advantages of BTC, but what are some of the disadvantages??
Well for me, there are more the good than the bad in bitcoin, but if you want to talk about it, i guess the disadvantages of bitcoin right now are :
1. High transaction fees
2. Slow transaction speed
These 2 matters is a big disadvantages now for bitcoin in my opinion as it can slow the movement of bitcoin in the market, and not to mention that people will use this fact to bash bitcoin. I think it is kinda crucial things and bitcoin needs to improve it faster.
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.Jump to: