What do you think are the biggest disadvantages of Bitcoin?

[PepperaOnIt]

the biggest disadvantage in this bitcoin is not much secured. there are some possibility that bitcoin may be hack or scam. i am also thinking that the high price of the bitcoin can make a person get rich quickly and also can make a person poor in one snap if he scammed

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[Icaxx]

There are some disadvantages of bitcoin that we know. But i dont really care with that.
But as we know, maybe the biggest of that is fluctuation of bitcoin price that make some people really fear to get involve with bitcoin.

[fedorkr6]

I dont actually see a drawbacks but i think its since of the bitcoin is well-liked in many men and women but not too popular all above the globe there are nonetheless so several folks didn't know about it and this technology is even now not been verified in several countries in the world there are so a lot of men and women not ready for adjust in this type of technologies also deficiency of partnerships of bitcoin in several businesses.

[Marileno]

The biggest disadvantages are :

* Transaction costs are too high for BTC to ever be used in everyday transactions
* Speed of confirmation way too slow for it to ever be used in everyday transactions
* Regulatory risk from governments around the world.

For me, these are the 3 biggest headwinds facing BTC and will eventually put a cap on the value. These 3 issues will stop BTC coming a mainstream form of currency and ultimately lead to huge volatility over the coming months and years.

[Ben100]

As each coin has two side, bitcoin too have the same. Being so successful and making billions of bitcoiner, it too has some disadvantages. Instead being so successful, it is non governmental and not under the control of government, It causes several terrorism and illegal activities and being tax free it creates other social issues. Other issue is it's fluctuating value and third is being difficulty in converting into other local currencies. Other bitcoin is very successful across all over the world.

[Mary ann Labor]

I think the disadvantage of bitcoin is not much secured because it is not well regulated and also theres no central bank has approved it yet so only you can control or  hold your wallet .

[Ma Nancy]

The biggest disadvantage of Bitcoin is that it is very volatile and price of bitcoin keeps changing very fast and sharply which is not the case with other currencies which are very stable. In simple words, bitcoin is not for weak hearted and conservative people and that is the reason why many people stay away from doing transactions in bitcoins.

[Zenixin]

The biggest disadvantage of Bitcoin is that it is very volatile and price of bitcoin keeps changing very fast and sharply which is not the case with other currencies which are very stable. In simple words, bitcoin is not for weak hearted and conservative people and that is the reason why many people stay away from doing transactions in bitcoins.

That volatility is the reason why we were able to earn by holding,i think the only disadvantage is that btc fees were too high

[syamster]

In my humble opinion the biggest disadvantage of bitcoin it is huge comission, especially during sending little amounts of money. Sometimes percentage is too high

In my opinion there are two disadvantages of bitcoin first disadvantage is that bitcoin is only available on internet if you have internet then its mean you have a bitcoin and second one is bitcoin have no physical shape or logo so the people want to see bitcoin and they want to fell it I hope that bitcoin will fix these two problems.

[Haxor321]

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

Some of the disadvantages of Bitcoin is the instability of its value, it keeps changing all the time sometimes its high sometimes its low. And also it is not considered in some countries so not everyone is allowed to use it and work here

[Erlinda Santiago]

The most disadvantage of bitcoin is u cant control the money exchange of the bitcoin so sad

[amspec]

its good but people use it in a bad way doing illegal activities such as selling illegal drugs or guns for bitcoin

[darkywis]

When you transfer bitcoin to the wrong wallet address it will not be restored when it is approved.

[cryptito]

anonimity number 1 and second is that is centralized. 1 milion has satoshi and other corporations more so we make them rich

[acmagbanua21]

 Bitcoin's value changes depends on the law of demand and supply and If the demand of bitcoin is high and the supply is not that high compare to the demand, then bitcoin's value will increase.

[lutfi-hasan]

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

When the market price goes down then we can not benefit from bitcoin.

[jilani]

Bitcoin is not stable currency it's anytime more increasing & suddenly more reducing i think it's a big disadvantages.
Another disadvantages BTC transaction fee is very high.Many times BTC transaction have been pending for a long time.

[ruslango]

decentralization,I consider it is the greatest gain of bitcoin, is also the largest downside.Decentralization indicates that all nodes appear like a mess of items. It is extremely hard to interfere with the development of the system with a specific exterior pressure, and it is extremely hard for you to get the path of the long term even if you interfere with it. The advancement of Decentralization programs is unpredictable.

[sagar93]

Bitcoin is perfect no disadvantage , lack of knowledge of handling blockchain wallet and non reversible transactions prevent for its use, transaction fees for sale and purchase is high.

[bryant.coleman]

Right now the biggest disadvantage is the high fees and the limited block size. The 1 MB block size is a big problem right now. And that is the reason why the exchange rate of BTC is going down, while that of Bitcoin Cash is going up.