• Irreversible: Most of us know that BTC transactions are final and not reversible, and as such, if you send to a wrong recipient or a wrong amount, it becomes a really sticky situation. A lot of people tend to keep their digital currency in a cryptocurrency wallet, which puts them at rusk of losing investments if there is no longer access to their private key.
When Bitcoin transactions have confirmation, it tends to be irreversible, but if the transaction is yet to be confirmed, there is a chance of reversing the transaction or transferring to wallet different from the one you initially sent to.
•No Government Regulations: While decentralization is considered as an advantage of crypto, it can be seen as a disadvantage of Bitcoin, given that it implies there is no investment regulations.
Unlike a currency regulated by a Central Bank, Bitcoin transactions are not accompanied with legal protection, and given it's irreversibility, makes it scam prone.
Lack of government regulations is not a disadvantage to bitcoin, it is an advantage so that the aim of having financial freedom, because if government is involved, the bitcoin price will be affected and the government regulations will hinder bitcoin’s success.
•Not accepted everywhere: Even as the rise of cryptocurrency is upon us, Bitcoin, still isn't accepted just everywhere. Major companies now recognizes Bitcoin as a means if exchange, it's still not widely accepted. This puts a limit on where you can spend.
We are working generally on global adoption of Bitcoin through sharing good news about Bitcoin in our local communities because lack of global adoption is actually a disadvantage.