We all know the advantages of BTC, but what are some of the disadvantages??
The best one i think, and some of the bitcoin users problem is the fee in transaction, they worry about the transaction fee because when the price of the bitcoin is so high, the transaction fee is also high. 
Topic: What are some disadvantages of BTC? - page 36. (Read 7950 times)
To me the disadvantages are the ways of getting bitcoin (lots of ID requirements etc) and furthermore the fact that you NEED internet to send btc.
We all know the advantages of BTC, but what are some of the disadvantages??
I think the biggest disadvantage of Bitcoin is its volatility and being not legal to most of the countries. Its market value changes from time to time which is also the risk on investing to it such that there are times that its value becomes low. And also, it is not yet legal to most of the countries which is a disadvantage of being a currency. But maybe in the future it will be legal to worldwide and will also result to bitcoin being less volatile. 
There are some technical disadvantages like -
1) The transaction fee is kinda high nowadays.
2) The transactions take a little bit too long to confirm.
3) The mining is now concentrate in few locations.
4) The major mining farms are deciding the future of BTC, not what satoshi originally wanted.
5) The technology is kinda too complicated for normal non-tech people that they start to think its a scam :/
1) The transaction fee is kinda high nowadays.
2) The transactions take a little bit too long to confirm.
3) The mining is now concentrate in few locations.
4) The major mining farms are deciding the future of BTC, not what satoshi originally wanted.
5) The technology is kinda too complicated for normal non-tech people that they start to think its a scam :/
Any system tech has a down side or a negative feel to some users but I think this is really not big issues because even if there are something like that bitcoin will continue to grow, even if there are some people that will adopt to it, a few can really work well with bitcoin and I think tech savy was really needed to understand the ups and downs of bitcoin.
The largest top disadvantages are - mining difficulty and long confirmation time, up to 1 hour or so. Because of mining difficulty you need expensive hardware - asic equipment, and long BTC confirmation time means - hard to implement in online shopping, and also in the shops.
There are some technical disadvantages like -
1) The transaction fee is kinda high nowadays.
2) The transactions take a little bit too long to confirm.
3) The mining is now concentrate in few locations.
4) The major mining farms are deciding the future of BTC, not what satoshi originally wanted.
5) The technology is kinda too complicated for normal non-tech people that they start to think its a scam :/
1) The transaction fee is kinda high nowadays.
2) The transactions take a little bit too long to confirm.
3) The mining is now concentrate in few locations.
4) The major mining farms are deciding the future of BTC, not what satoshi originally wanted.
5) The technology is kinda too complicated for normal non-tech people that they start to think its a scam :/
when discussing the benefits of bitcoin I do not think there is endless bro, because bitcoin has many advantages such as the rate it has, that alone has shown the benefits of bitcoin
We all know the advantages of BTC, but what are some of the disadvantages??
For most of people bitcoin being anonymous is an advantage. But for police this is a big disadvantage ,maybe the biggest one. People can buy drugs, fake identities, prostitutes and all kinds of illegal things with bitcoin. Yes, you can buy that with real money but that would be a lot easier to discover. The big fees for low transactions(lower than 20$) are also a disadvantage. Bitcoin cannot be used to buy things like a coffe or a sandwich because you would pay double or triple of the normal price.
Disadvantage of bitcoin is it’s not available much at online, I mean I can’t use it every where like US dollar. Also it’s very big disadvantage that it is not workable in real world.
We all know the advantages of BTC, but what are some of the disadvantages??
Besides the advantages of Bitcoin that anyone can know, some disadvantages of Bitcoin like the real Bitcoin is not popular and it is very little known. In addition, if you want to use Bitcoin, you must have internet connection and media to connect to the internet. This is a big obstacle for unused internet sites. Finally, perhaps due to the unstable value of Bitcoin, so many fear it We all know the advantages of BTC, but what are some of the disadvantages??
Well one that i can think of is that it is still not perfectly anonymous. Personally i'd like to see bitcoin evolve into the future into something like XMR with essentially in built coin mixing. This is probably not necessary but rather an add on.
Another thing is that, fees are often high.
Also, blocks are 10 minutes on average in between so that means you're probably not going to be able to get stuff irl instantaneously without the merchant having to trust you.
The speed of transactions and the price of transactions is, in my opinion, the main shortcomings on this time interval.
To my mind high disadvatage of bitcoin it is that it is acceptable to use it for drugs guns industries.and also it take a lot of time for payment confirmation.
The bigest disadvantages are :
-Some countries do not support Bitcoin and you can not exchange it to fiat or buy something with them
-Price is never steady- you just can not know if the price is going to be as it is right now or going up a 500$ or down
-On some periods the confirmation time is ridiculously high or the fees go very expensive for bigger transactions
Thats all what I can say as an average user.
-Some countries do not support Bitcoin and you can not exchange it to fiat or buy something with them
-Price is never steady- you just can not know if the price is going to be as it is right now or going up a 500$ or down
-On some periods the confirmation time is ridiculously high or the fees go very expensive for bigger transactions
Thats all what I can say as an average user.
To my mind high disadvatage of bitcoin it is that it is acceptable to use it for drugs guns industries.and also it take a lot of time for payment confirmation.
The disadvantage of BTC are flactuation and anonymity. Flactuation because the price of BTC could easily decrease and anonymity because even terrorist can use BTC without being known.
I do not think that it is the disadvantage of bitcoin, specially for those people who have investors or traders, because if there is fluctuation in the price of bitcoin they can get chances to make money form bitcoin. 
We all know the advantages of BTC, but what are some of the disadvantages??
The disadvantages of bitcoin are high fees, slow transaction, no physical form and risky. That will be the disadvantages of bitcoin. 
We all know the advantages of BTC, but what are some of the disadvantages??
Well one that i can think of is that it is still not perfectly anonymous. Personally i'd like to see bitcoin evolve into the future into something like XMR with essentially in built coin mixing. This is probably not necessary but rather an add on.
Another thing is that, fees are often high.
Also, blocks are 10 minutes on average in between so that means you're probably not going to be able to get stuff irl instantaneously without the merchant having to trust you.
We all know the advantages of BTC, but what are some of the disadvantages??
I think the disadvantages of bitcoin are, we cannot use bitcoin if you dont have internet. They need to speed up the transaction to have more customer. No physical form like the other regular currency 
We all know the advantages of BTC, but what are some of the disadvantages??
Disadvantage of bitcoin are the increasing/decreasing in a short period of time and bitcoin can be use in a fraud or other criminal activity because they can use it in a transaction without showing their real identity. If you lose your private key in your bitcoin wallet it will be hard to retrieve your account. And lastly many people doesnt recognized bitcoin.
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