What do you think are the biggest disadvantages of Bitcoin?

[Owl129]

For me the biggest disadvantage is its fluctuating price, people are afraid to invest in bitcoin for most of the time bitcoin price decrease and people might lose their money, but still there are times where bitcoin price increase its just a matter of time.

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[UchihaRukawa]

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

For me its biggest disadvantage is its volatility, anybody would be really worried knowing that they could lose their money or investments in an instant. But the good thing is, that bitcoin, being very volatile, can also be a good thing, especially for the ones who are trading coins. So I think, its a bit risky, but bitcoin has no disadvantage.

[tranquanghuy]

in our country the disadvantages of bitcoin is we cant still use it as payment method in market.

[shiunsai]

Sometimes it takes too long for transaction to get confirmed and that is very annoying and frustrating if you are in emergency and to get transaction confirmed quickly we need to add higher fees which makes to loose some money and the biggest disadvantage is that it cannot be used as a payment method anywhere to buy things directly.

[chichigirl]

The factors that are preventing Bitcoin to be accepted for payment is it's decentralized nature.As it is not under the control of any government so government is not accepting it for financial transactions.Moreover transactions thorough Bitcoin are anonymous so the government is not able to identify the people involved in the transactions. This is one more reason due to which government is not accepting it for financial transactions.

I agree, the government doesn't allow bitcoin in any financial transactions because they can't control it and they cannot identify  also the people behind the certain transactions.

[tranquanghuy]

I don't like about bitcoin that its price is constantly changing and it is very difficult to predict its behavior

[chicobr]

For me, The biggest disadvantages of Bitcoin is that it has a too small block size, just 1 MB. This makes the transaction speed is too long when comparing with others.

[hernanlazaro]

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

Bitcoin has many advantages as well as disadvantages that may greatly affect our lives. For me, i think the greatest disadvantage of bitcoin is that, losing a lot of money instead of gaining profit. Bitcoin is about taking a risk for you to earn a lot of profit. Keep in mind that not all the time we can gain profit because sometimes we can lose some or we can be scammed by someone.

[Mike Mayor]

for countries which have legalized bitcoin will certainly consider bitcoin better tha cas, wha about nations that also reject the existence of bitcoin? obviously they nevertheless use cash as the primary repayment device. bitcoin is modern tools and may be for future years. bitcoin works best for on the internet transactions, and funds works best for offline transactions. this looks more fairnht

It doesn't need to be legalized to use. You mean recognized as an official currency. Yes that is the reason why many people don't use it. They think it's for high tech nerds or hackers or something. Some people even think of cyber terrorists. So there many reasons it has not gone mainstream. But for me it has gone mainstream because I can spend it at many online shops. Bitcoin will really be a success when I'm about to buy petrol with my bitcoin.

[Ulumorzki]

For me the biggest disadvantage of Bitcoin is their value because you will never know when will go up and when it will go down. You need to take a risk if you will invest in Bitcoin, but this not only applicable in Bitcoin because all investment or even in trading you will always take a risk when you enter that business.

[deppil]

For me, the fact that it's still not accepted far awad people nevertheless not knowin gs thbiggest disadvantages of bitcoin. If only bitcoin is going to be widely recognized and individuals begin using it, I'm certain other problems regarding bitcoin will surely possess a answer which will benefit many of us.e niy a

especially for users who use bitcoin for spending or currency of course this problem is a big problem for them. because currently there are still few people who use bitcoin so there are still few merchants that accept bitcoin. but be patient dude. this problem will be resolved it's just a matter of time as suppose

[Webetcoins]

For me, the fact that it's still not accepted far awad people nevertheless not knowin gs thbiggest disadvantages of bitcoin. If only bitcoin is going to be widely recognized and individuals begin using it, I'm certain other problems regarding bitcoin will surely possess a answer which will benefit many of us.e niy a

I think yes there are disadvantages of bitcoin because if someone have a advantages there must be some disadvantages as well because I believe that bitcoin is only available on internet so if you have internet its mean you will have bitcoin and if you have no internet then there will be no bitcoin and secondly bitcoin have no physical shape because every single of bitcoin want to see bitcoin and they want to fell it any time any place.

[Chachacoin17]

For me, the fact that it's still not accepted far awad people nevertheless not knowin gs thbiggest disadvantages of bitcoin. If only bitcoin is going to be widely recognized and individuals begin using it, I'm certain other problems regarding bitcoin will surely possess a answer which will benefit many of us.e niy a

I think yes there are disadvantages of bitcoin because if someone have a advantages there must be some disadvantages as well because I believe that bitcoin is only available on internet so if you have internet its mean you will have bitcoin and if you have no internet then there will be no bitcoin and secondly bitcoin have no physical shape because every single of bitcoin want to see bitcoin and they want to fell it any time any place.

Yes i believe on that. I think bitcoin has no dis advantage at all maybe bitcoin is only depend on how people orcan individual welcome it in thier life  and seriously do it as a part on thier daily life.I believe that the dis advantave on bitcoin is only occur during the person is  really making a wring move or maybe  a mistake of decission behind the feild of gaining.

[wenas]

i think BTC on it's own hasn't big disadvantages.
But i think a very big disadvantage with the BTW network is also the best thing on the BTW network-> There is no controll.

On every site you invest your BTC or evry guy who offers you hardware for BTC could every second decide to shut everything and just leave.
Who wants to stop them? I think most of faucets or investing sites or sth. else nobody knows who the ral owner is.

[Papaczed]

Manipulation by rich dishonest people

For me the biggest disadvantages of bitcoin is the price of it is not stable, and for me the other disadvantages of bitcoin is sometimes the transcation is too slow, just like buying loads using bitcoin, this transcstion will took too long. And for me the other disadvantage of it is no yet legal for all of the country.

[josephpogi]

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

the big disadvantage of bitcoin is when its dump? but i think dumping is a great opportunity for bitcoins to increase more and more and bitcoin is not stable so i think 50/50 the bitcoin become a real or virtual currency in the future but if bitcoins become stable i think this bitcoin can change all country and the bitcoin become our future money.

[Wingo]

The high volatility. It is a great disadvantage especially for making transactions in bitcoin. The amount that you send can pump or dump at anytime and it is not good especially when it will be changed into fiat.

[daarul50]

The biggest disadvantage to bitcoin is losing time with the family because it is too busy monitoring the price movement of bitcoin so that it consumes a lot of time wasted with the family.

[humanCNC]

The biggest disadvantage of bitcoin is that all of its activities are done by the internet while people are accustomed to trading with paper money. Not only that, bitcoin has just grown so many people still do not trust it, it takes a lot of time for popular bitcoin.

[anthinguy21]

I think the biggest advantage of Bitcoin is the security of Bitcoin. It's not almost secure so Bitcoin user still can be founded out. Beside Bitcoin transaction take too long time to get enough confirm. Moreover Bitcoin is easily taken advantage to commit guilty by crimes.