What do you think are the biggest disadvantages of Bitcoin?

[GideonGono]

I think now, the biggest disavantages of Bitcoin is about its fees of each transaction, sometime it's higher than the amount wanting to be sent

I strongly agree with you, Miner fees increase each day which it's too bad for bitcoin users. same as me, I used xapo wallet which transactions fees are too high around 5 or maybe 6$ for transaction. I think fees is the biggest disavantage when we talk about bitcoin.

It really is crazy and expensive especially to new ones which they earn a little and with fees it will eat up what they earn. Microtransactions nowadays is not feasible since it is wise to send large amount of Bitcoin so that you can make good use of these high fees. But they say that the fees would go down after the SegWit activation though I am not sure about it but let's hope that someday it will go down.

[Himanshu111]

The biggest disadvantages of Bitcoin are the transaction fees. Small transactions are not very profitable because of high transaction fees. moreover, Bitcoin is not very popular and many many people are unaware of it.

[TomUyamot]

The problem with bitcoin is that it doesn't have a regulating body. I mean, it may actually come and go. The instability of the value of bitcoin is partly because of it. Take note that bitcoin is just one among many cryptocurrencies that sprout from everywhere.

Plus, bitcoin is still battling the skepticism that characterizes a whole lot of people's perception of it.

Way to go bitcoin! May the force be with you. 

[Bellator]

The biggest disadvantages of Bitcoin are the transaction fees. Small transactions are not very profitable because of high transaction fees. moreover, Bitcoin is not very popular and many many people are unaware of it.

Yes thats true, that could be one, many people now doesnt agree with the higher changing of bitcoins transactions fee that could be one of the disadvantage. Another one is, we cannot see bitcoin personally and we cant instantly see it.

[pecson134]

The problem with bitcoin is that it doesn't have a regulating body. I mean, it may actually come and go. The instability of the value of bitcoin is partly because of it. Take note that bitcoin is just one among many cryptocurrencies that sprout from everywhere.

Plus, bitcoin is still battling the skepticism that characterizes a whole lot of people's perception of it.

Way to go bitcoin! May the force be with you. 

The volatility will and always be one of the reason that would make bitcoins at disadvantage. Unless they can make the price of bitcoins stable for a longer time then the high transaction fees could also go down simultaneously

[Caelanpelley]

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

Because bitcoin is not strictly managed because it is not in any form of organization. Cyber ​​criminals are so committed to stealing user information that it becomes a major concern for nations.Besides bitcoin also affected price, transaction fee, market..

[virtualdn]

Right now the biggest disadvantages are its high fees and its volatility, hopefully these things will change in time, because these 2 issues really need to be solved...if these are solved it can grow really big.

[ecnalubma]

The biggest disadvantage of bitcoin is it is digital asset and there's a chance that it will vanish in the mainstream without users notice. Without internet bitcoin and blockchain is useless.

[Apened]

The biggest disadvantage of bitcoin is it is digital asset and there's a chance that it will vanish in the mainstream without users notice. Without internet bitcoin and blockchain is useless.

I don't think it is a factor because the thing is internet is too impossible to be dead it keep on improving like bitcoins and internet is part now in our daily lives way back the year it was known and it is a big lossle to the company that uses bitcoins so its not but it was a big effect if happens . Big disadvantage for me is the uses of criminals who transacts unknowingly .

[SimmonenY]

The fees, the speed and some online wallets and exchanges bad practices.

[squatz1]

Biggest issue right now is going to have to be the insanely high fluctuations in pricing that occurs pretty much everyday for BTC and the issues that are surrounding the transcation fees which are pretty much a plague on anyone that is attempting to adopt BTC at this point in their lives. Some people still want to get into Bitcoin but once they see that they're going to have to pay $2-3 for a TX on any amount of money they're probably going to run away, and run as far as possible.

The biggest disadvantages of Bitcoin are the transaction fees. Small transactions are not very profitable because of high transaction fees. moreover, Bitcoin is not very popular and many many people are unaware of it.

While this is true, BTC is known by a lot of people though people are kinda scared to get into an entire new currency -- change is something which is hard for people to adopt. Also, with little incentive to change people aren't going to change as well. I doubt BTC is going to give many people incentive to change

[stompix]

The fees, the speed and some online wallets and exchanges bad practices.

Nice summing up the problems.
Anything more to add cause you already mentioned almost everything about bitcoin.
With this I'm wondering what the advantages are.. .

Right now the biggest disadvantages are its high fees and its volatility, hopefully these things will change in time, because these 2 issues really need to be solved...if these are solved it can grow really big.

Although I agree with you most people here are thinking that once the volatility will disappear bitcoin will stop being so attractive for investors and people will lose interest in it.

[xskl0]

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

Dependent of internet

[niisarearning]

The biggest disadvantage is sending huge amount of money from one country to another i think its  making every countries government goes to loss.Bitcoin is associated with some scam like ransomware even though there is no actual involvement with bitcoin but the ransomware guy accept the money in the form of bitcoin

[chickenado]

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

I think the biggest disadvantage of bitcoin is only used online. But I think this is the advantage of bitcoin too. So For me the biggest disadvantage is we can't use this bitcoin to buy in onlineshop company even if this coins value is high.

[Fatanut]

Biggest issue right now is going to have to be the insanely high fluctuations in pricing that occurs pretty much everyday for BTC and the issues that are surrounding the transcation fees which are pretty much a plague on anyone that is attempting to adopt BTC at this point in their lives. Some people still want to get into Bitcoin but once they see that they're going to have to pay $2-3 for a TX on any amount of money they're probably going to run away, and run as far as possible.

I don't see the point of running away as far as possible. They can simply just switch to using another cryptocurrency like ETH. They pretty much have the same concept. You can both send and receive money and exchange it to digital fiat. Bitcoin has a "high" transaction fee in terms of fiat because we are at a high price today. Today, the transaction fee is $2 because we're almost at $3000. If we were back then in $600 per coin, the transaction fee would just be $0.4 which is really really cheap but they are the same amount in bitcoin form.

Bottom line, it's just the high price of bitcoin that makes the transaction fee look really high.

[streazight]

The biggest disadvantages of Bitcoin are the transaction fees. Small transactions are not very profitable because of high transaction fees. moreover, Bitcoin is not very popular and many many people are unaware of it.

It is true that many people are disheart because of its transaction fees and many people are not aware of Bitcoin now a days but if the transaction fees is higher than on other side the value and price of Bitcoin is also increasing so the small disadvantage cannot decrease its value a proper use and more information can help you earn more than transaction fees.

[GoodLuck2]

The biggest disadvantages of Bitcoin are the transaction fees. Small transactions are not very profitable because of high transaction fees. moreover, Bitcoin is not very popular and many many people are unaware of it.

Yes you are right the biggest disadvantages of bitcoin is the high fees of transaction if a person have low amount of bitcoin and he transact his money so he will receive very low amount of money and has non profitable so if the transaction fees will low in case of this bitcoin will more establish , and the main disadvantages of bitcoin is that many people do not know about bitcoin ,i think if those person who has knowledge about bitcoin he has to transfer own knowledge about bitcoin to other persons this way bitcoin disadvantages will reduces.

[Intersan]

There so many benefits of using bitcoin. It is very convenient for online transactions, it can be earn online, it can be used to invest or to trade in exchange of a good profit, it can be stored in an online wallet more secured than having it in cash and etc. Bitcoin is really useful and is going to more useful in the future.

For me, the biggest disadvantage of bitcoin is that it can used anonymously.  I know how convenient it is to perform transactions over the internet but I believe that because of that many illegal transactions can be done. Tracing the people behind those illegal transactions would be harder since it had took place anonymously. No personal information have been exchanged in the messages because what they only need is the wallet address to perform such acts.

[Xenophoto]

There so many benefits of using bitcoin. It is very convenient for online transactions, it can be earn online, it can be used to invest or to trade in exchange of a good profit, it can be stored in an online wallet more secured than having it in cash and etc. Bitcoin is really useful and is going to more useful in the future.

For me, the biggest disadvantage of bitcoin is that it can used anonymously.  I know how convenient it is to perform transactions over the internet but I believe that because of that many illegal transactions can be done. Tracing the people behind those illegal transactions would be harder since it had took place anonymously. No personal information have been exchanged in the messages because what they only need is the wallet address to perform such acts.

There's this new coin called Potcoin and it's being promoted by Dennis Rodman. It seems like a solid project since a lot of people are supporting marijuana. The whole point of the coin is to serve as a bank for the cannabis industry. The anonymity privilege will surely be heavily used in there.

Even when that becomes a success, I really doubt that the amount of illegal transactions going on in bitcoins and in potcoin will ever surpass the amount of illegal transactions going on in the real world with payments in terms of cash. AFAIK, cash even gives you better anonymity since it doesn't have any public ledger unlike bitcoins.