What do you think are the biggest disadvantages of Bitcoin?

[andrei56]

Transaction costs are rising and expensive, I think the future coin is a small fee, a year ago we can send bitcoin for free, but currently it takes at least $ 2.5 to send bitcoin.

The days of free transactions are over and we need to accept it, those days are never going to come back but with segwit we may regain some sense of sanity on the subject of fees once again, but make no mistake the issue of fees is always going to be with bitcoin.

[Sasha Grey]

Honestly, i know bitcoin about 20 months ago, then the price is still cheap only about $ 220, i buy about 2 btc and i just use for gambling and run out.

[chichigirl]

Yes, this are the disadvantages of bitcoin, it is not yet introduce to other countries like in our country (Philippines) when you ask someone about bitcoin not all people can answer what really bitcoin is. When it comes to business industries there are also limited establishment who is currently accepting payment thru bitcoin. When it comes to price stability, yes it's true, bitcoin's price varies from the number of investor and other issues that will affect the price stability of bitcoin.

But, if bitcoin will introduce and spread throughout the world it will become a great help to everybody since bitcoin really helps for better transaction specially in transfering funds.

I think the disadvantages of bitcoin are, first, it is not mainstream or common in the other countries. In it limited to other prople who does not know about bitcoin. Secondly, I think the transaction of its payment. Thee are some that still does not accept bitcoin as a payment for their purchases. Third and lastly, the disadvantage of butcoib is the price instabiliy. We don't know when will it be fluctuate or not.

[NickChandi]

According to the biggest disadvantages of bitcoin is: 1. It's price is very volatility and decrease/increase at a very high pace.

2. If your BItcoin lose, then you cannot regain it. In simple words you lost it forever.

[CS101]

In my opinion,  No valuation guarantee and bitcoins are not widely accepted are the biggest disadvantages of bitcoin.

[Victorycoin]

Transaction costs are rising and expensive, I think the future coin is a small fee, a year ago we can send bitcoin for free, but currently it takes at least $ 2.5 to send bitcoin.

Its only natural to bitcoin to have a hugh fee than before because bitcoin price now is a lot higher than before. If bitcoin falls the bitcoin fee will also reduced.

No you're in error, the inpressive price of Bitcoin has little or nothing to do with the high transaction fee people are having to pay these days as against what it used to be. Mining difficulty have increased tremendously and requests for transacrions confirmation have plummated causing the network to be conjested. 

[spain cool]

As long as i'm struggling in bitcoin world i never feel the loss. Bitcoin also gives me jobs that pay more than my real job ....

[danjonbit]

Bitcoin give me  chance to have more profit than my investment, all I can think of a disadvantages are first high transaction fees, and will not all establishment accept bitcoin as a currency, but hopefully and I think for sure bitcoin will become one of the main currency used in a daily living

[xFiber]

Transaction costs are rising and expensive, I think the future coin is a small fee, a year ago we can send bitcoin for free, but currently it takes at least $ 2.5 to send bitcoin.

This should be fixed already or will be fixed later this month with the lock-in and activation of segwit. When we will have bigger blocks more transactions will fit which reduces the cost per transaction.

[sofi@]

I think the biggest disadvantage of bitcoin is it's being unpredictable I mean the fluctuation on it's value... you cannot tell what gonna happen tomorrow it's either you wake earning on your investment of losing everything in just a snap of a finger.

[danjonbit]

I think the biggest disadvantage of bitcoin is it's being unpredictable I mean the fluctuation on it's value... you cannot tell what gonna happen tomorrow it's either you wake earning on your investment of losing everything in just a snap of a finger.

I will not put it as a disadvantage, we do trading knowing how risky it is, but we did hoping to have a profit on it. fluctuation is a part of the process and  that's our rule it to analyze it to have a good profit,

[Bacotan Bae]

I'm regret that since I knew bitcoin (3 years ago) I did not buy bitcoin, if I bought 1000 btc of course I will be rich and can watch live MU vs. Madrid.

[samputin]

I think the biggest disadvantage of bitcoin is it's being unpredictable I mean the fluctuation on it's value... you cannot tell what gonna happen tomorrow it's either you wake earning on your investment of losing everything in just a snap of a finger.

I will not put it as a disadvantage, we do trading knowing how risky it is, but we did hoping to have a profit on it. fluctuation is a part of the process and  that's our rule it to analyze it to have a good profit,

I agree that flucutation in the value of bitcoin is not a disadvantage because it is the nature of bitcoin. It is part of its rule that is why investing and trading take a risk to gain profit. What i see as it disadvantage is being illegal and not acceptable in other countries.

[karisiak123]

If online shopping it will not be a problem at all ,, but if it is already in use in offline stores then it is very difficult to confirm.

[Zemangat]

I think the fluctuating price that makes us profit or loss .. we can not predict the price of bitcoin like that. As well as the security of bitcoin wallets that are vulnerable to hackers .. it becomes a weakness bitcoin in my opinion.

[iyan33]

Because fluctuating bitcoin prices may be an attraction for everyone to use bitcoin. With the uniqueness of these bitcoin price fluctuations we can get a profit even though sometimes the loss, but the biggest drawback of bitcoin is i was late to realize about the nice progress in Bitcoin, but i have been using bitcoin since 2015 and i used to spend bitcoin on the gambling table.

[Rostadom]

I think the fluctuating price that makes us profit or loss .. we can not predict the price of bitcoin like that. As well as the security of bitcoin wallets that are vulnerable to hackers .. it becomes a weakness bitcoin in my opinion.

I think the only bitcoin wallets that are prone to hackers are online wallets. Simply using a separate computer to make a desktop wallet saves you from it. But I guess not all of us can afford to do that. What I did was I reformat my computer and installed a new OS. You can use Linux if you want so you don't have to install an antivirus. I installed ESET Nod because it's the one a lot of people are recommending. Before I even installed that, I've already made an Electrum wallet, wrote the seed on a paper, and then deleted the wallet file. Made another wallet file using the seed so I can recheck if I copied the seed correctly, and then moved the wallet file to a flash drive.

Now I'm confident that I'm not going to be hacked. The only way I'm going to be hacked is when someone found that paper which I believe no one will except me or my family.

[unknown-user]

Bitcoin is not completely implemented in every country and due to very low transaction fee many people are using for illegal activities, The price of bitcoin is also not stable.

The price of bitcoin was not stable because it wasnt legalized by the government. I doesnt agree on the low transaction fee. Because the truth is there is a high transaction fee that you need to pay if you want to have a fast transaction of money. When you used low fee it will take too long before it was done.

[jake zyrus]

Bitcoin is not completely implemented in every country and due to very low transaction fee many people are using for illegal activities, The price of bitcoin is also not stable.

Yeah,  the price of bitcoin is not stable but it has many benefits given to the users.  And besides the advantages of this is you can use this as a toll for payment on the things that you want to buy.

[wallstone]

IMO, the biggest bitcoin disadvantage is bitcoin can't be use as easy as fiat does because it's lack of adoption. Only few online/offline stores that accept bitcoin as payment also those stores are only available in few countries.
I hope bitcoin can be use for daily transaction in real life in future, therefore I don't need to bring cash and it makes me safer.

In fact, the biggest disadvantage of bitcoin is you can’t use it in offline store and some of them don’t accept bitcoin as a payment. In addition to that, some people do not believe in bitcoin and some country doesn’t still accept bitcoin. Lastly, if you really want to the bitcoin in offline store you need to convert it first into fiat.