We all know the advantages of BTC, but what are some of the disadvantages??
Well, there are some disadvantages of bitcoin. One of the disadvantages of bitcoin is you can't use it in offline store and some store do not consider it as real money. In addition to that, I think the volatility of the price of bitcoin is also one of the disadvantages of bitcoin.
Topic: What are some disadvantages of BTC? - page 41. (Read 7924 times)
We all know the advantages of BTC, but what are some of the disadvantages??
Well, there are some disadvantages of bitcoin. One of the disadvantages of bitcoin is you can't use it in offline store and some store do not consider it as real money. In addition to that, I think the volatility of the price of bitcoin is also one of the disadvantages of bitcoin. 
well the most disadvantage of bitcoin i can think of is its volatility at the time of prices going dip but i could be an advantage to those who can predict its market as well. if you do not possess the ability to predict its prices it might be hard for someone whose investment is bitcoin as generating income but overall characteristic of bitcoin makes it good as an investment.
Bitcoin needs an internet in order for you to transact and to check you own balance, Internet in some countries is slow and expensive, some of the areas or provinces don't have a coverage of internet connection making your PC or Phone useless in bitcoin transaction, another thing is the transparency and the anonymity of it, anyone can view and see your transaction making your privacy less censored and it makes you anonymous which is kind a disadvantage for the government and law enforcement to tract and investigate some fraudsters and criminals.
We all know the advantages of BTC, but what are some of the disadvantages??
i have an own opinion regarding this discussion. so far i feel transparent transaction of bitcoin is including to disadvantages of bitcoin for some people because all of their balance movements will records in 'white book' . they think that it is disturb their privacy. i am not sure all of you agree with this but some paet of people thinking like that.
One of those many disadvantages of bitcoin and the thing I hate the most is that when you send bitcoin from your wallet to another wallet or vice versa. And the wallet address is wrong, then you can't retrieve your money. The worst service bitcoin can offer for me is that transactions are irreversible. And I think there is no solution for this.
Yes this has happened to me a few times too. It was one time when I was sending the funds from one address to my exchange and accidently sent the funds to the person with whom I had a deal previous day, then I messaged him to tell that I accidently sent him the funds but he didn't came online after that incident. So sometimes the transaction irreversibility is also pain in the ass but this is at least better than the PayPal scams where the other person can scam you pretty easily by fooling the PayPal support team. 
The main disadvantage what I see in bitcoin is its high transaction fees. I live in a country where you can buy a lot of things using one dollar. So just image, after buying some grocery for 2 or 3 dollars and paying nearly two dollars as transaction fee is ridiculous. In my opinion that's the main drawback that it cannot be used for small transactions and because of this reason local shop owners wont show any interest in accepting bitcoin as one of their payment methods.
The Disadvantages Of Bitcoin.
The list of basic disadvantages of Bitcoin includes:
1. Bitcoins are finite, which makes them extremely volatile.
2. A very small portion of the business is willing to accept Bitcoin as a method of payment.
3. It needs strong networking to spread the word on bitcoin.
4. Bitcoin is relatively new and most of its features are incomplete.
5. There is still a long way to go before Bitcoin gets to its full potential.
The list of basic disadvantages of Bitcoin includes:
1. Bitcoins are finite, which makes them extremely volatile.
2. A very small portion of the business is willing to accept Bitcoin as a method of payment.
3. It needs strong networking to spread the word on bitcoin.
4. Bitcoin is relatively new and most of its features are incomplete.
5. There is still a long way to go before Bitcoin gets to its full potential.
One of those many disadvantages of bitcoin and the thing I hate the most is that when you send bitcoin from your wallet to another wallet or vice versa. And the wallet address is wrong, then you can't retrieve your money. The worst service bitcoin can offer for me is that transactions are irreversible. And I think there is no solution for this.
Bitcoin is very popular these days. Though people see bitcoin is a great tool for complete anonymity. We can't say that it is because every country that accepting bitcoin are now find a way to regulate the usages an it's users. They are now implementing the AML/KYC. Now we should comply with this law in able to use bitcoin freely. Means, you are not completely anonymous since you are required to submit your identification documents to use bitcoin completely like depositing into a bank and converting it into fiat. There are also other disadvantages:
1. People must aware and completely understand what is bitcoin and how it works in able for the to use this technology.
2. Risky because of volatility. Price is very unpredictable because the price is bouncing up and down each day passing by.
3. Can be use by criminals. Hackers are now using this tool for their victims. Over 150 countries were attacked by hackers and ask for ransoms recently. They ask for bitcoin as their ransom. I think biggest crime happen in the internet.
1. People must aware and completely understand what is bitcoin and how it works in able for the to use this technology.
2. Risky because of volatility. Price is very unpredictable because the price is bouncing up and down each day passing by.
3. Can be use by criminals. Hackers are now using this tool for their victims. Over 150 countries were attacked by hackers and ask for ransoms recently. They ask for bitcoin as their ransom. I think biggest crime happen in the internet.
We all know the advantages of BTC, but what are some of the disadvantages??
One of the very big disadvantage of bitcoin is that there are no stores that accept bitcoin in the particular place I am living. I may have a lot of bitcoin but I need to convert it first to fiat and pay for the fee.
I found out few disadvantages in BTC they are as follows :-
It is not something as fast cash cannot with draw them for ready cash it take some time or days to get cashed.
The price value keeps changing from time to time.
At times the transactions get jammed and it will take days to get the cash in the bank.
BTC is not accepted everywhere we go it will work only if it is cashed
There is no direct withdrawal system like what bank provides it would have been better if there was electonic cards like atm which can give direct cash on the demanded time.
We loose all BTC if the wallet gets hacked or even if we loose the private keys
It is not something as fast cash cannot with draw them for ready cash it take some time or days to get cashed.
The price value keeps changing from time to time.
At times the transactions get jammed and it will take days to get the cash in the bank.
BTC is not accepted everywhere we go it will work only if it is cashed
There is no direct withdrawal system like what bank provides it would have been better if there was electonic cards like atm which can give direct cash on the demanded time.
We loose all BTC if the wallet gets hacked or even if we loose the private keys
We all know the advantages of BTC, but what are some of the disadvantages??
I think the bitcoin does not hurt, but the wrong sometimes from the users who sometimes abuse bitcoin, in transacting.
so essentially this is all back again to the purpose of its users
We all know the advantages of BTC, but what are some of the disadvantages??
One disadvantage of btc I consider is that it is unstable. The fluctuation of price and volatility are what make other investors steer away from btc. Though it is an advantage for other people especially traders. Another is it can be used in illegal transactions such as money laundering which forced other countries to entirely ban btc.
If it says the lack of bitcoin is by not supporting some countries about bitcoin and its usefulness 
If we talk about the shortcomings of bitcoins, then this is a large volatility of the currency. In other words, even a month the price of bitcoin can make huge leaps.
We all know the advantages of BTC, but what are some of the disadvantages??
I don't see any disadvantage on bitcoin, but to me i have disadvantage to myself when i am focus here in bitcoin forum, sometimes i can't eat on time because im busy searching and i can not sleep early because im busy doing earning bitcoin . 
We all know the advantages of BTC, but what are some of the disadvantages??
Earlier,the main disadvantage of bitcoin was the higher transaction fee due to which thousands of transactions got struck.It also became a reason for new businesses not accepting bitcoin as a payment.But now,due to segwit activation after long struggle withe the miners,finally it got solved.But volatility which exists from the creation of bitcoin still remains to be a big issue which could be unsolved.Bitcoin,being a decentralized currency has no authority to control its price and its price is determined by the demand for bitcoins.So,volatility remains as a continuous issue for bitcoin due to which most retailers don't accept it as a payment and most countries have not legalized it.
talking about the transaction, we need to wait for at least 30 minutes to see the transaction gets confirmed unless we want to pay more high than the normal fee. the price is too volatile and its depend on what trader or people react if there is a bad news or good news in out there. bitcoin can be used for illegal activity without being tracked unless someone know how to do.
-No Refund - sending and receiving bitcoin is risky, 1 wrong letter in the address and say goodbye to your bitcoin
first of all not having any charge back is a feature and a key one at that. this can not be considered a disadvantage just because you don't like it.
second, if you put 1 wrong letter in the address you are trying to pay to, that address become invalid and your wallet will reject it. even if you are using a shitty wallet that does not recognize this (which is impossible) the network will reject it since what you are paying to is invalid.
We all know the advantages of BTC, but what are some of the disadvantages??
Earlier,the main disadvantage of bitcoin was the higher transaction fee due to which thousands of transactions got struck.It also became a reason for new businesses not accepting bitcoin as a payment.But now,due to segwit activation after long struggle withe the miners,finally it got solved.But volatility which exists from the creation of bitcoin still remains to be a big issue which could be unsolved.Bitcoin,being a decentralized currency has no authority to control its price and its price is determined by the demand for bitcoins.So,volatility remains as a continuous issue for bitcoin due to which most retailers don't accept it as a payment and most countries have not legalized it.
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