What do you think are the biggest disadvantages of Bitcoin?

[Khailerdaz]

The biggest disadvantages of Bitcoins are can't be use in the actual store because bitcoin is intangible and  bitcoin can be lost instantly in your wallet if the file corrupted.

[Rizky Aditya]

Every new thing has it's own positive and negative thing. With respect to Bitcoins, it has lots of positive features than the previous type of currencies we have used. Although there is some fear about the transaction fees and delaying in confirmation because of many reasons like increased traffic from some websites, the major negative point is its instability. And another thing is that most of the people don't take it as a regular currency, they keep the savings in BTC and pray to get the rate increased. 

Yeah, everything can be use in good or bad. It depends on the person that will use it. I think why people don't take it as aregular currency is the difficulty of using it to pay when we go to grocery or buy something a store. There is no bitcoin atm yet on most some countries. So you have no choice but store your bitcoin and just use it when its really needed.

You don't need a Bitcoin ATM. Even if they are preferable, you could still get a Bitcoin debit card which would allow you to withdraw money from a normal ATM or even just spend it at a normal grocery store. Most people overlook Bitcoin debit cards, which are very important in my day to day life.

[Gembul]

for me, bitcoin is something that has more advantages. Because with bitcoin, I can make money myselve. But beside that, there may be things that are not nice of bitcoin for me. That makes me can not be separated from the internet, it cause I never leave the house. because the focus to get bitcoin. Hehe

[triasel]

i think bitcoin not yet accepted all country

[European Central Bank]

Apart from a chosen few, it's irrevocably tied to the regular banking system. That's an instant off switch for any authority if they're so inclined. You don't have to pass any laws, just put pressure on banks. A few people would remain, most others would be gone.

[grta14]

in everything in there are always advantage and disadvantage over new things coming up so the biggest disadvantage of bitcoin is that most people don't really accpect it as means of payment because bitcoin is a new currency to them and most people are yet to know bitcoin as are a currency for this reason i think this is the biggest disadvantage that bitcoin has for the now.

[uneng]

i think bitcoin not yet accepted all country

This isn't a disadvantage of bitcoin, but a disadvantage of these countries.
I think some disadvantages can be: there is always risk to be hacked, lose bitcoins and when many people use bitcoins the transactions take much time to finish. If you want fast transactions must pay expensive fees. Expensive fee = bank.

[MMA]

The biggest disadvantages of Bitcoins are can't be use in the actual store because bitcoin is intangible and  bitcoin can be lost instantly in your wallet if the file corrupted.

i think it is not the disadvantage of bitcoin but i the main reason is the the user of bitcoin are still very low, therefore the facilities of bitcoin are not yet available everywhere, but hope that very soon we will be able to use bitcoin in our local store also just like fiat currency.

[BitcoinPanther]

The biggest disadvantages of Bitcoins are can't be use in the actual store because bitcoin is intangible and  bitcoin can be lost instantly in your wallet if the file corrupted.

Hmm.. Bitcoin is accepted by several stores online. Actually there are lots of stores accepting it.  And as a matter of fact there are some offline store like restaurant that accept bitcoin as payment.  In my country i known 1 place where they accept bitcoin as payment.  And it is where the meet up of Bitcoin Enthusiast people is always held.

[rozee]

the biggest disadvantages of bitcoin is must wait long time to get confirmation for our transaction
but it's depends on our fees and size of the transaction but if sometimes if we already give huge fees we still wait long time for confirmation
also the price fluctuation but I think it's not disadvantages lots of us enjoy with it because we can get profits from it
but sometimes it's not good for who's get lose from the bitcoin price which is always fluctuative

[Positid]

Could be the price that is being manipulated, we cannot ensure our investment will still be valuable in the future. I am afraid of that to happen, hence i only put what I can afford to lose.

[Botnake]

Could be the price that is being manipulated, we cannot ensure our investment will still be valuable in the future. I am afraid of that to happen, hence i only put what I can afford to lose.

I think it's pretty normal to see a manipulate price because there are whales in the crypto, the best option to do is to read what they are doing and I am pretty sure they will not dump because it's in investor's mind to continue to earn and make themselves richer.

[(altair)]

the biggest disadvantages of bitcoin is must wait long time to get confirmation for our transaction
but it's depends on our fees and size of the transaction but if sometimes if we already give huge fees we still wait long time for confirmation
also the price fluctuation but I think it's not disadvantages lots of us enjoy with it because we can get profits from it
but sometimes it's not good for who's get lose from the bitcoin price which is always fluctuative

Yeah, if bitcoin's price suddenly drops some big amount all of us would be definitely disappointed. We don't want that to happen. We trust and use bitcoin because of its continuous rising price but no one can tell until when it is. And i agree also that the transactions sometimes takes too long even if we pay huge fees. It is a very big hassle if we really need that money immediately.

[iwandhdumas2003]

What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved

SO you feel you are going to make the blockchain that kills btc? Are you writing it from scratch?

[carlerha]

Every new thing has it's own positive and negative thing. With respect to Bitcoins, it has lots of positive features than the previous type of currencies we have used. Although there is some fear about the transaction fees and delaying in confirmation because of many reasons like increased traffic from some websites, the major negative point is its instability. And another thing is that most of the people don't take it as a regular currency, they keep the savings in BTC and pray to get the rate increased. 

i do not think that these are such big problems, these problems can be solve easily with the passage of time. to me the bit problem is that still not a sing government consider bitcoin as legal currency. i thik that problem should be solve in priority basis.

[Ejinx]

It does not have any disadvantage to me

[noictib]

It does not have any disadvantage to me

Also for me , It has no disadvantage . But some time it's technical system problem generate a huge annoying disadvantage for Bitcoiner to make deals in Bitcoin .
I found many times that the block of the blockchain became unresponsive and transactions goes on 2-3 days unconfirmation .
Which should a main thing to be remove from Bitcoin transaction system

[delliaerd]

in everything in there are always advantage and disadvantage over new things coming up so the biggest disadvantage of bitcoin is that most people don't really accpect it as means of payment because bitcoin is a new currency to them and most people are yet to know bitcoin as are a currency for this reason i think this is the biggest disadvantage that bitcoin has for the now.

I can get your point, I think you mean is bitcoin disadvantage is not forever. We know that most people in the worlds are yet to know bitcoin as a currency but bitcoin dissemination is good enough so more people will know about bitcoin then accept it as payment. I think the biggest disadvantage is only for bank, becouse if all of people use bitcoin, they do not need bank anymore, do they?.

[chaser15]

in everything in there are always advantage and disadvantage over new things coming up so the biggest disadvantage of bitcoin is that most people don't really accpect it as means of payment because bitcoin is a new currency to them and most people are yet to know bitcoin as are a currency for this reason i think this is the biggest disadvantage that bitcoin has for the now.

I can get your point, I think you mean is bitcoin disadvantage is not forever. We know that most people in the worlds are yet to know bitcoin as a currency but bitcoin dissemination is good enough so more people will know about bitcoin then accept it as payment. I think the biggest disadvantage is only for bank, becouse if all of people use bitcoin, they do not need bank anymore, do they?.

Still a big no.

Do you think bitcoin can do ALL bank services around? Meaning all in all? Then tell me how it is possible in bitcoin WITHOUT a company that will do the things that banks can do? If all people will use bitcoin, for sure there will be a company that will take care of what banks can do. Banks is not about money, there are useful things that bank can do.

Also how about the customer concern in case of a fraud? How will people will deal to that if ever there's no banking system and only bitcoin. A lost money is a lost forever?

[Woodie]

One of the disadvantages of bitcoin is that it leaves a money trail if a mixer or other means are not used and when you speak of bitcoin publicly people usually associate it with illegal activities unlike most altcoins out there