Disadvantages of Bitcoin

by SMEBOOK (admin) ยท 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:

  1. Cyber crime: Bitcoin is highly susceptible to cyber frauds and scams
  2. Unethical use: Cryptocurrencies like Bitcoin are widely transacted in black markets and criminal marketplaces like Dark web.
  3. High Price Volatility
  4. Transactions once performed are irreversible
  5. Cryptocurrency market is highly competitive
Disadvantages of Bitcoin

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