Topic: What are some disadvantages of BTC? - page 25. (Read 7950 times)
The only disadvantages of Bitcoin right now is the number of transactions per second the blockchain can handle. We need the number to be much bigger than 3 per second if we want mass adoption by the general public. We're headed that way, but it's still a disadvantage for the time being.
We all know the advantages of BTC, but what are some of the disadvantages??
I think some of the disadvantage of bitcoin is some of the user here are consider it as their work they don't find a decent job because from this bitcoin they can earn money and they can supply their own needs. But for me bitcoin is just a sideline it's better that you have a job.
We all know the advantages of BTC, but what are some of the disadvantages??
Even though bitcoin has many advantages , it also has disadvantages that are causing issues in bitcoin. But i believe that this disadvantages are not big enough to destroy or disrupt the system of bitcoin. People use bitcoin to scam or trick other people and that is one disadvantage of bitcoin. But it will not happenif you take extra care and be alert always to your surroundings. So for this one i can say that bitcoin has really no big disadvantage. legendary
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The expensive fee is one of the biggest disadvantage of bitcoin because with that expensive or high fee, it will make the other people hesitate in using it because it is too high for an average person to use especially if they are just going to use bitcoin to transaction for a minimal or average amount of money. I hope that in the future, the fees will become lower so it will not become a problem for bitcoin to continue going to the top and to become fully successful.
Agree with this one, back then with bitcoin still "cheap" people always talking about how bitcoin have many advantages compared to its competitors which among them is Paypal but right now, we can't say that bitcoin is cheaper than Paypal anymore.The price increase alongside with the miners fee making the transaction fee is just too much, if we're going to send some huge amounts of BTC, it will not going to be a problem but imagine sending 0.001 with 0.0017 fee.
Well, I would call the currently almost $10 transaction fee one of the biggest disadvantages of Bitcoin. A community not able to find a solution for this (increasing blocksize for example) is also a big disadvantage.
We all know the advantages of BTC, but what are some of the disadvantages??
No doubt that bitcoin has disadvantage but still it has lots of the advantages where we can see that we don't have any need to discuss about the disadvantage Because disadvantage are become very narrow against the bitcoin advantage .Here it is the basic truth that only fee people are using it for the illegal purpose not everyone using it for bad things .
I only heard that money laundering , illegal purpose payment , scam person with bitcoin have ease of having annonymous quality such types of things are not better for the future of the bitcoin , but still here nothing will go these with the trend of the bitcoin Because Everything is going online and people will not much use cash for the dealings , so chances of money laundering and illegal payment will get down to zero .
And also here we see the example of the big economy countries who accepted the bitcoin offically , they can monitor easily and also they can apply the tax system so it is not that thing which can be use for illegal purpose or we can say have any disadvantage .
In this world Everything have advantage and disadvantage , so leave this factor for the bitcoin .
We all know the advantages of BTC, but what are some of the disadvantages??
I think disadvantage should not be discussed by us because disadvantage of the bitcoin is only in some particular field are existing . Here perosnally I myself included the bitcoin in that transparency system where no one can use it for the bad thing , but still few people are using it in the offline to make deals in direct cash only .
Here in my opinion in the incoming time people will no more able to missuse easily Because everything will be online and no one will make offline deals with the bitcoin .
One of the advantage of bitcoin is its value. We all know that is value is high right now and it keeps getting higher
because this days it is in demand. Another advantage is you can keep it as long as you want and just wait for its
value to raise more. But there are some disadvantages, one of them is you bitcoin wallet can be hacked by some one
and take all of you bitcoin. Another is it takes time to earn bitcoins by joining campaigns and stuff because you need
to work hard for months until you received your bitcoins not like the real world money that can be earned monthly
weekly daily and even in an instant.
because this days it is in demand. Another advantage is you can keep it as long as you want and just wait for its
value to raise more. But there are some disadvantages, one of them is you bitcoin wallet can be hacked by some one
and take all of you bitcoin. Another is it takes time to earn bitcoins by joining campaigns and stuff because you need
to work hard for months until you received your bitcoins not like the real world money that can be earned monthly
weekly daily and even in an instant.
We all know the advantages of BTC, but what are some of the disadvantages??
oh man, sit down and let me rap to you.
bitcoin is digital. digital is only convenient until the power or internet goes out, ask all the folks in Florida, Texas, and Puerto Rico.
bitcoin is not physical, and therefore can never be truly anon. you are trading temporary privacy for the potential to make immediate anon transactions. understand that the blockchain is literally a distributed, public ledger. eventually, they will know exactly who was doing what at each address. the technology to analyze the blockchain and compare it with metadata simply has not emerged yet (public, at least. the gov has had this technology for years).
bitcoin is like, the worst possible thing you could use to make an illicit transaction.
The expensive fee is one of the biggest disadvantage of bitcoin because with that expensive or high fee, it will make the other people hesitate in using it because it is too high for an average person to use especially if they are just going to use bitcoin to transaction for a minimal or average amount of money. I hope that in the future, the fees will become lower so it will not become a problem for bitcoin to continue going to the top and to become fully successful.
We all know the advantages of BTC, but what are some of the disadvantages??
There are many advantage of bitcoin ,but also it is have an disadvantage too that can be a problem someday to the bitcoin. Number one is it being alive only in the internet or online. Maybe if happen that there are no electricity in one country it is difficult to handle or access in the bitcoin because it is only alive in the online. The other dis advantage that o can see that can be a problem too is too being decentralize of bitcoin yes now it is good but what might be happen if have an issue in bitcoin ? Whose gonna fix it ?
Bitcoin can be use in illegal ways like in gambling just to earn and it can also cause addiction to many people
Its all about online noo offline method so far?
We all know the advantages of BTC, but what are some of the disadvantages??
Transaction fees are out of this world. In my opinion, transaction fees are costly in some exchanges. I know we're paying for the security, but come on, transaction fees are more expensive than the bitcoins I'm about to transfer. It's just my two cents about bitcoins. Another would be the long time for a confirmation of transaction.
We all know the advantages of BTC, but what are some of the disadvantages??
Bitcoin has its own advantages as well as disadvantages that may affect out lives. One of its disadvantages is, you can lose a lot of money to it. Bitcoin is about taking a risk. Sometimes you can gain a lot of profit and sometimes you can lose some. Also, earning and using bitcoin consumes too much of your time and effort thats why there are some things that you forgot to do because you are focused on bitcoin. 
We all know the advantages of BTC, but what are some of the disadvantages??
There are also many disadvantages of bitcoin. One of it is, it consumes too much of your time and effort. In order for you to earn more and gain more bitcoin, you need to put a lot of effort to it. Also, you should learn all of bitcoin's usage and capabilities to maximize your earnings. Another is, you can also lose a lot of money to bitcoin because bitcoin is all about taking risks. 
We all know the advantages of BTC, but what are some of the disadvantages??
One of the main disadvantages are long confirmation times. Sometimes it takes hours to receive some bitcoins because of this. Other reasons are a lot of people still don't know about Bitcoins but this is changing. More and more people are now using bitcoins.
for me the disadvantage of bitcoin is
1. very high fee
2. confirmation takes a long time
3. mining using CPU and GPU is no longer profitable
4. prices are unstable
but the biggest disadvantage of bitcoin is fee
1. very high fee
2. confirmation takes a long time
3. mining using CPU and GPU is no longer profitable
4. prices are unstable
but the biggest disadvantage of bitcoin is fee
One of tge disadvatage of the bitcoins is webcan not use thisnto upchase to son products right away. We neecmd to exchange itbintondiatbnoner
We all know the advantages of BTC, but what are some of the disadvantages??
Personally the disadvantages of bitcoin for me is the term of its transaction. It took so long to wait for ot to come into account and even money for wxchange. But as a look on wider view of it, many users also prefer living in their job and chooses bitcoin. Not sure if it is a disadvantage tho but somehow, it is just my opinion.
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