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Re: What are some disadvantages of BTC?
by
carlisle1
on 25/11/2017, 01:48:00 UTC
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.
other than that is the unstable price,that if you bought it in high price then suddenly when you needed it turns to deeper value you can be loss capital and cant even profit i single penny,so tha best way is always monitor its flow the problem is if your not 24 hrs available and just bitcoin is your extra source of income