Bitcoin have some disadvantage as like others because there are these problems are available with almost everything. There are some problems with this system though who are interfering with bitcoin or any other trading can get many benefits and facilities basically. If any countries government ban BTC then many people have a chance to loose a very big amount of money because government of some country already banned BTC at their country and it can happen with any country at future.
If you deal with bitcoin you can get a big profit from it and addiction of money is very dangerous and someone can invest their all money into bitcoin and if they lose there then they will loose everything. BTC is a very safe place than any other coin but all things have any disadvantage so that you have to care about it.
Topic: What are some disadvantages of BTC? - page 5. (Read 7950 times)
We all know the advantages of BTC, but what are some of the disadvantages??
Advantages and disadvantages are always twins. There are many disadvantages of bitcoin. First is its being volatile because we all know that because of being volatile the price or value of bitcoin will increase fast but also its can decrease also very fast. Second, bitcoin can be used to buy online but only few restaurant and other online shop accept bitcoin. Third, bitcoin is decentralize it is not held by the government so maybe there is a chance that bitcoin will be banned in your country.
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Bitcoin is relatively new and most of its features are incomplete. Most don’t understand it’s value, so you’re still requiring a niche to use Bitcoin, malware can affect your wallet and to use bitcoin, you will always need a good quality of internet to make sure all is well while using btc.
One of the disadvantages of bitcoin is that it doesn't have a fixed price thus making it a bit hard especially when you've got a lot of bitcoins and it goes down.
The other is that there are hackers trying to get your infos and use your hard earned bitcoins. So be safe, and always do security checks.
The other is that there are hackers trying to get your infos and use your hard earned bitcoins. So be safe, and always do security checks.
first use your wallet anonymously, you only have the password and bitcoin code, which is required for authorization. If you lose the password, you will lose both wallets, you can not contact any regulatory authority or bank and request password recovery and access, no such agency. In addition, the weakness of the system is to send a payment, you can not change the condition, it is done irrevocably. If you specify an incorrect number or recipient, you can not change anything.
if we explore what one of the bitcoin maybe we describe first of all keunggulanya may all have understood but every thing or thing or property that there must be goodness and the goodness of the many as bitcoin itself may terdet is easy in hackers or the existence of the theft can exposed to the virus can be lost if the file is not saved well risk is also great if not careful enter password do not forget because this is in the virtual world
People are getting interested in bitcoins but they should also know that there are disadvantages of bitcoin too. Bitcoin transactions are not possible without internet. Everyone dont accept payments in bit coin. Bitcoin won't be helpful where cash payments have to be done.
The BTC disadvantage is that not too many people are using it. So if you want to transact using BTC this will not be possible so you will be force to use cash or other means.
We all know the advantages of BTC, but what are some of the disadvantages??
All transaction happen in bitcoin is untrackable and because of that bitcoin can be abused, it can be use to buy drugs and may use in every illegal activities in blackmarket.
One clear issue with Bitcoin is the fact that it uses Broadcast like forms of communication. However there’s a solution to this problem! The Lightning Network is going to utilize a Unicast data transmission type where information is sent from one point on a network to another point (one to one).
Further clarification form a buddy that helps explain this further in lames terms- https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5
Don’t forget to HODL
Further clarification form a buddy that helps explain this further in lames terms- https://medium.com/@melik_87377/lightning-network-enables-unicast-transactions-in-bitcoin-lightning-is-bitcoins-tcp-ip-stack-8ec1d42c14f5
Don’t forget to HODL
the disadvantage for me is just not all store in the world, online or offline shop can accept bitcoin as the payment, if it accept bitcoin as the payment i believe that bitcoin will rising up to the sky, because all people want to have it because of flexible to use and can use it internationally
Here some disadvantages Bitcoin
1.Exposure to Bitcoin-Specific scams and fraud
2.Black market activity may damage reputation and usefulness
3.Susceptible to high price volatility
4.No chargebacks or refunds
5.Potential to be replaced by superior Cryptocurrency.
1.Exposure to Bitcoin-Specific scams and fraud
2.Black market activity may damage reputation and usefulness
3.Susceptible to high price volatility
4.No chargebacks or refunds
5.Potential to be replaced by superior Cryptocurrency.
Disadvantages of bitcoin if only you are lazy, especially for meeting your target here. But if you are doing good here with your determination of work, hardwork with love and compassion your not only meet the target but you reach the what we call success. So what are some disadvantages of bitcoin? ...NOTHING!!
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.
Whenever there are advantages, there will always be disadvantages and one of this is the rate of the bitcoin. Bitcoin prices are unstable and not consistent. Your investment may either grow or not. There are also times where you have to wait for it to increase and hold your investment for a moment since we don't know when it will rise again but one thing for sure, it takes patience for you to earn.
may be currently experiencing weaknesses in bitcoin only at the time of sale and it often I experience whether it is experiencing congestion and in the hold can reach two days 
5. It can be used in illegal works such as deepweb or blackmarket.
6. Can be used to launder money.
Actually, Bitcoin is a very transparent crypto currency. Take a look at Dash or Monero. Those crypto currencies supports an anonymous transactions and can be really used in illegal works. 6. Can be used to launder money.
disadvantage of btc is that it is too volatile to be use as a currency or any form of payment right now. another thing is buying bitcoin right now in some sellers is really expensive, they are getting more than what they should.
The biggest disadvantage of Bitcoin is that it is very volatile and price of bitcoin keeps changing very fast and sharply which is not the case with other currencies which are very stable.
The disadvantage of bitcoin is that the more miners mine, the greater the complexity of mining itself. It takes much more electricity, farm capacity to maintain production efficiency. Because of this, the commission value for transactions increases.
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