I think there is only one disadvantage of BTC is transaction speed.
For me the some disadvantages of BTC is, it easy to use by other people to scam, so when btc use to scam many people will afraid to try bitcoin and many people will not follow bitcoin, and for me the other disadvantages of bitcoin is the campaign, the campaign in btc was take too long, its about 1month and 3weeks before its end so people who are newbie here is giving up easily.
Topic: What are some disadvantages of BTC? - page 32. (Read 7924 times)
We all know the advantages of BTC, but what are some of the disadvantages??
the BTC advantage is converting to the dollar more money to harvest 
Disadvantages of bitcoin for me is very high valued, we cannot invest in this very expensive initial investment and although the price will continue to rise, Bitcoin is very hard to earn these days so I better invest to Altcoins like Ethereum, Bitcoin Cash and Gold.
The Bitcoin's transaction fee is very high also.
The Bitcoin's transaction fee is very high also.
Well the other disadvantages of BTC if your high rank account got lost because of hacker attack and you got scam.
I think the disadvantage of BTC is time transactions. If developers can improve it. I think BTC price will go to the moon. 
Behind the advantages always there is any disadvantages. As i know bitcoin cannot be used for offline payment .
Bitcoin also has high volatility so only fit for trading tool not for saving that we use for future.
Bitcoin also has high volatility so only fit for trading tool not for saving that we use for future.
We all know the advantages of BTC, but what are some of the disadvantages??
Bitcoin users are anonymous, Bitcoin can be used in illegal activity.
Bitcoin have risks, but are fast, near real time and convenient.
When blockchain has many unconfirmed transaction you'll wait for days before you receive your bitcoin and have high fee sending.
I agree with your points but disagree with the first one. Fiat currencies are physically seen but some fiat transactions are done anonymously and can be used for illegal activities just like any other currency and so you should lump the illegal use of a currency only on bitcoin.
We all know the advantages of BTC, but what are some of the disadvantages??
Bitcoin users are anonymous, Bitcoin can be used in illegal activity.
Bitcoin have risks, but are fast, near real time and convenient.
When blockchain has many unconfirmed transaction you'll wait for days before you receive your bitcoin and have high fee sending.
Some of the cons of Bitcoins are as:- 1.) High transaction fees.
2.) These are used as a way to assist criminal activities like drug sales, human trafficking,illegal weapon sales and much more like paying cyber criminals and it's been recently asked by the hackers of GOT to pay their ransom in bitcoins.
3.) It is highly risky as it lacks security,increased regulations due to factors like money laundering, limited production and lack of trusted applications.
4.) It is 7.8 times as volatile as gold as concluded by the analysis by famous finance professor at Duke University.
2.) These are used as a way to assist criminal activities like drug sales, human trafficking,illegal weapon sales and much more like paying cyber criminals and it's been recently asked by the hackers of GOT to pay their ransom in bitcoins.
3.) It is highly risky as it lacks security,increased regulations due to factors like money laundering, limited production and lack of trusted applications.
4.) It is 7.8 times as volatile as gold as concluded by the analysis by famous finance professor at Duke University.
One of the disadvantages that become overtime is the centralisation of mining. Today, its not possible for individuals to mine bitcoins. Most of the mining is done by cloud miners, large companies or govenment organisation. This, I beleive, is against the decentralisation nature of bitcoin
On the anonymity of transaction. I had say it is a double-edged sword. With more anonymity, it will impossible to handle fraud detection. And there will also be more use of bitcoin for ransomwares like wannacry
On the anonymity of transaction. I had say it is a double-edged sword. With more anonymity, it will impossible to handle fraud detection. And there will also be more use of bitcoin for ransomwares like wannacry
We all know the advantages of BTC, but what are some of the disadvantages??
It is true that the bitcoin has disadvantages. One of the disadvantages of the bitcoin is the high transaction fees. I always pissed off when I sending my bitcoins or withdrawing my bitcoins because of high transaction fees. 
I think there is only one disadvantage of BTC is transaction speed.
For me the some disadvantages of BTC is, it easy to use by other people to scam, so when btc use to scam many people will afraid to try bitcoin and many people will not follow bitcoin, and for me the other disadvantages of bitcoin is the campaign, the campaign in btc was take too long, its about 1month and 3weeks before its end so people who are newbie here is giving up easily. 
The biggest disadvantage of bitcoin is high volatility in terms of value , Transaction fees and Transaction nothing is constant everything changes by seconds or minutes . Today i sent some btc to my exchange from blockchain.info to my local exchange it took around 10$ transaction charge from my blockchain.info wallet.
That's some of the disadvantages of bitcoin and also If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been lost, because it just a digital currency. There is nothing that can done to recover it. These coins will be forever orphaned in the system.
The biggest disadvantage of bitcoin is high volatility in terms of value , Transaction fees and Transaction nothing is constant everything changes by seconds or minutes . Today i sent some btc to my exchange from blockchain.info to my local exchange it took around 10$ transaction charge from my blockchain.info wallet.
Here are some that I can think of on the top of my head:
- It's volatility in price(currently). Hence holding your funds entirely on bitcoin is a huge risk despite the advantages.
- Very unsafe for careless and technologically-illiterate people. Logging in to a phishing link? Say goodbye to your exchange's funds. Forgot to list down your wallet's seed? Say goodbye to you wallet's funds.
- Unable to operate offline or non-electronically. This is a downside on more on the 3rd world countries, whereas most poor people can't even afford smartphones or any device that can hold bitcoin.
- Not-so-good transaction fees and time. Transaction fees and times are definitely alot better now compared to months ago, but I still remember the days when txs were almost instant, with very very low fees.
- My personal opinion: The name "bitcoin". I personally think it sounds like something a person involved in pyramid schemes and Ponzi scams would use.
I do want to take a toll from the points highlighted here and find them of real and greater relevance even to the adoption of Bitcoin as a digital currency. Part of the disadvantages are also found within its advantages; take a look at the idea of decentralization, this idea is like a somewhat threat to some government of a country not making them accept the change Cryptocurrency is bringing in. I do want to buttress on the transaction fee area which some friends have been lamenting about; this is with respect to different wallets though. I experienced a high transaction fee this morning; the transaction fee was higher ×7 of what I sent!
We all know the advantages of BTC, but what are some of the disadvantages??
The advantages of bitcoin are also its disadvantages depending on the current situation of the market. Here are some of disadvantages of using bitcoin today:
1. The volatility of bitcoin is a double-edged sword, very unpredictable in its price and might result to a profit/loss on an individual;
2. Its limited supply of 21 million in the market;
3. Some counties ban the usage of bitcoin, resulting to a decrease on potential investors;
4. There are many external factors that can affect its price like the banning of ICOs in China; and
5. Its decentralized nature makes it as a perfect medium under the dark web for illegal transactions.
Those are some of my opinions regarding its disadvantages but the advantages of using bitcoin in the community supersede all of those what I stated. There may be some drawbacks from transacting bitcoin but let us not forget its endless opportunities in the community.
We all know the advantages of BTC, but what are some of the disadvantages??
Disadvantage as of this time of the year. - Slow Bitcoin transactions. ( sometime it takes hours for regular fees to get the coin)
- High mining fees than the useual.
- Small block capacity and slow block generation time.
Here are some disadvantage from realtime.
- you can't send transactions without connecting to the internet.
Almost everyone knows the disadvantage of Bitcoin is that it is not popular and only works when there is an internet connection. In addition, every transaction is a fee also a disadvantage of Bitcoin.
We all know the advantages of BTC, but what are some of the disadvantages??
First of all the bitcoin have some high fee during transaction. If you're looking for fast transaction you have to pay high so most of people use slow to rid of highly fee you have to wait 2 or 3 hours to get your bitcoins. Second is the fact that most of people are not aware about this digital currency and bitcoins and hence if you want to transit in bitcoins both of the parties must have the bitcoins, which in most cases not found and one has to convert the bitcoin into fiat in order to proceed the transaction.
I posted a similar thread about this subject.
Basically, depending where you live, you won't be able to use it to pay stuff (unless online).
It's not 100% safe, you can still get your wallet hacked. Also, it's a volatile currency. It can plumber 30% of it's value in a day.
I agree, bitcoin was not still legalized by the government so we need to convert it first before we used. When it comes to wallet it was not connected to bitcoin the problem here was the wallet that you are going to used so you must be careful on choosing. One also disadvatages that I see was in the transaction fee. Many people are complaining it that may cause negative effect on bitcoin because of the hugh transaction fee.Basically, depending where you live, you won't be able to use it to pay stuff (unless online).
It's not 100% safe, you can still get your wallet hacked. Also, it's a volatile currency. It can plumber 30% of it's value in a day.
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