What do you think are the biggest disadvantages of Bitcoin?

[Fatanut]

I think the disadvantages of Bitcoin are the transaction fee is so high and slow, Uncertain Future No one can say with certainty what will come of bitcoin. As it remains today, bitcoin is very speculative as it is still an experimental type of technology.
Lack of recourse If you lose the wallet which had bitcoins stored in it, you have lost all of your bitcoins in that wallet. You cannot regain it and they are simply lost forever.

Uncertain future: What future is even certain? Even the whole humanity has no certain future. One thing is certain about bitcoin, though. The idea will always live off. Even when bitcoin goes down because of reasons, people will always use cryptocurrencies. One thing that you can do to deal with the uncertain future of bitcoin is to learn how to trade. Learn how to diversify your money so even when bitcoin has fallen, you have your money on other things. Although I really think that bitcoin is the strongest one right now. All the other coins are just there so that people can make more bitcoins.

Lack of recourse: That's just your own negligence. That's not bitcoin's fault.

[Barcode_]

I think Bitcoin disadvantages would be the long period of waiting time on the confirmations of your transaction when the blockchain network is congested with a huge number of transactions. And recently, bitcoin miners fees have also increased a lot as compared to the past, and this is making it very expensive for users to send their bitcoins out of their wallets.

[CODE200]

For me the biggest disadvantages of the bitcoin the delay of the transaction and of course the need of internet to access with. In the delay of the transaction I think that is the biggest problem of the bitcoin community because the bitcoin transaction is taking very long term to transfer and the fee in pretty not cheap anymore.

[dzoi06]

Bitcoin vary a lot and it is not implented in every country. Btc is not like other currencies and i don't know if i can see him in future honestly. I think btc is great but i doubt it will last long enough so it becomes the main currency and that you can live just with btc. Anyway the time will tell was i right or not.

[Lancusters]

For me the biggest drawback of the bitcoin is not only a very high price transactions, but the lack of a large number of bitcoins into the hands of the people. To buy something with bitcoin, we are forced to buy coins for Fiat money. Why do it if we the same can buy directly for Fiat.

[erickkyut]

For me, the biggest disadvantage of Bitcoin is that even though it is now popular, there are still lots of people who doesn't know a thing about it and aside from that, there are only few establishments that accepts Bitcoin as a mode of payment for the service or products they provide and mostly are online.

[Heyyyrenz]

I think for me the biggest disadvantages of bitcoin from ther altcoins is the slow process of transaction from a wallet to another wallet not just that the transaction fee is very high you'll need to pay atleast 0.001 ithink? For a standard transaction, and i think many of bitcoin users that only have a little money will find the bitcoin hard to use because of it's high transaction fee

[Duzter]

I never find any disadvantage with bitcoin, because when you use it for the goodness you'll surely experience the advantageous part. One's thinking clearly gets reflected with the bitcoin usage and the benefits. Now some has started to describe the increasing transaction fee as the disadvantage.

[epitome]

For me, the biggest disadvantage of Bitcoin is that even though it is now popular, there are still lots of people who doesn't know a thing about it and aside from that, there are only few establishments that accepts Bitcoin as a mode of payment for the service or products they provide and mostly are online.

It is not a big disadvantage that people are not fully aware of it,the financial sector is aware of this new phenomena and the amount of growth every project is having and expect these sort of investors into every project and if you look most of the recent projects got a ton lot of money and it is simply because these big investors are making use of the opportunity.

[mihohil]

Bitcoins Are Not Widely Accepted

Wallets Can Be Lost

Bitcoin Valuation Fluctuates

No Buyer Protection

Risk of Unknown Technical Flaws

Built in Deflation

No Physical Form

No Valuation Guarantee

[marcuslong]

Bitcoins Are Not Widely Accepted

Bitcoin is widely accepted by different countries but not all countries are using and accepting bitcoin as there secondary  currency.

Wallets Can Be Lost

It can be lost when you don't keep it and also it is your full reponsibility to keep your wallet safe from those attackers or wanting to steal your money from it.

No Buyer Protection

it is not like paypal that need to have a buyer protection that is why bitcoin is full anynomously if this had a buyer protection then it needs identity.

[gondes21]

Bitcoins Are Not Widely Accepted

Wallets Can Be Lost

Bitcoin Valuation Fluctuates

No Buyer Protection

Risk of Unknown Technical Flaws

Built in Deflation

No Physical Form

No Valuation Guarantee

Agree!
Ironically, some of those are also the advantage of bitcoin.

[DoublerHunter]

Bitcoins Are Not Widely Accepted

Wallets Can Be Lost

Bitcoin Valuation Fluctuates

No Buyer Protection

Risk of Unknown Technical Flaws

Built in Deflation

No Physical Form

No Valuation Guarantee

Agree!
Ironically, some of those are also the advantage of bitcoin.

Yeah, the only thing that i see that is an advantage is the Bitcoin Valuation Fluctuates because it is an advantage for me because we can make profits from that by buying low and selling it high and repeating the steps because bitcoin is not always going up and it fluctuates on its price so it is very easy for us to make money and we should not be afraid of that fluctuation.

[peter0425]

Bitcoins Are Not Widely Accepted

There are a lot of users bitcoin. We only don't know the exact figures. If you think it is not widely accepted, then wait a few more years.

Wallets Can Be Lost

If you don't take care of your wallets then is your fault.

Bitcoin Valuation Fluctuates

Bitcoin is built on it. If you know how to take advantage of it, you will love bitcoin.

No Buyer Protection

Because its anonymous in nature.

Risk of Unknown Technical Flaws

I don't know what flaws are you talking about.

Built in Deflation

Again. Its part of the nature of bitcoin.

No Physical Form

That is why is called "VC" - virtual currency. If you want fiat then you have to convert btc-fiat.

[richmcrich]

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.

With one of your reason I agree that the disadvantage of bitcoin is that we cannot buy anything directly from bitcoin. This is true for many of the users it is a problem while being a digital currency which you can only use online and you can’t buy anything online directly from bitcoin.

But the one that it can only be used only is not its disadvantage but it is the strength and it is for to appreciate the online transactions more than the other sort of transactions.

[foxbat]

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 big disadvantage with bitcoin is that many people still do not know their existence. Although in the development stage and quite popular in the payment transactions but bitcoin payments are still banned in some countries. Besides fluctuating prices are also concerns of investors

[wahb]

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.

With one of your reason I agree that the disadvantage of bitcoin is that we cannot buy anything directly from bitcoin. This is true for many of the users it is a problem while being a digital currency which you can only use online and you can’t buy anything online directly from bitcoin.

But the one that it can only be used only is not its disadvantage but it is the strength and it is for to appreciate the online transactions more than the other sort of transactions.

i do not think that it is a disadvantage of bitcoin. bitcoin is created as online currency which can be use for buying and selling any thing. but it is in fact depending on the shop where you are going to spend bitcoin, if they are accepting bitcoin for shopping a product then you can certainly do that. and i am sure that in future when bitcoin will become more and more popular then it will become easy for us to use bitcoin for anything we want to buy.

[digaran]

Satoshi getting killed or if he's alive, him not contributing directly and let every body know his instance, poor coding skills, not thinking about the 50 years ahead as to what could happened if the electricity to maintain a big mining farm would be equal to the consumption of a city.
Or one could argue why do the miners have freedom over ignoring transactions? because that gives them the power to manipulate the fees then forcing people to seek other alternatives.

[ICObox]

I think that the high fees are the main obstacle for the massive use of crypto currency. In some countries, you have to pay very large fees when buying a crypto currency or when withdrawing cash. This discourages business and makes it impossible to use crypto currency in everyday life.

[ActiveP]

Right now high transaction fees and slow transactions. I do a lot of online work - surveys, GPT websites and I chose to receive my payment in btc. A few years ago it was a great way to receive tiny payments since the fees were only a few cents. Now with the increasing fees, I am thinking of switching to paypal to receive low amounts.