Disadvantages of Bitcoin
by SMEBOOK (admin) · October 16, 2020
Bitcoin is the most popular Cryptocurrency in current times and is used globally for online transactions. However it also offers some risks and downsides. To mention a few:
- Cyber crime: Bitcoin is highly susceptible to cyber frauds and scams
- Unethical use: Cryptocurrencies like Bitcoin are widely transacted in black markets and criminal marketplaces like Dark web.
- High Price Volatility
- Transactions once performed are irreversible
- Cryptocurrency market is highly competitive