What do you think are the biggest disadvantages of Bitcoin?

[allthebitandbobs]

fees , transaction time  and the ungodly amount of wasted electricity and it going to get worst 

[alexsando]

Bitcoin will become a "bubble" of investment when inflated inflated prices. That will make many investors lose confidence in bitcoin.

[TheKeyLongThumbI]

The fees, transaction time and volatility. The fees are too much just to buy any cheap products. The transaction time is not convenient if you are falling in line to buy something and still need to wait to confirm they have received your payment. Volatility will be a big probem when it become mainstream.

[glaciercapital]

The fees, transaction time and volatility. The fees are too much just to buy any cheap products. The transaction time is not convenient if you are falling in line to buy something and still need to wait to confirm they have received your payment. Volatility will be a big probem when it become mainstream.

Yes, someone really needs to develop a good stable coin. I really like what basecoin & Maker are working on.

[boddy.dy]

The biggest disadvantage of bticooin for me is it is all over the internet.  We all know the some advantage can be also the disadvantage. I can say that it is a big disadvantage because there are a lot of hacker out there. We can’t full trust something that is in the internet today because of those people who abuse or sometimes intentionally destroy what they think should be shutdown.

[snipetr]

Main disadvantage of using bitcoin is its non easy conversion to money. As it is decentralised and no one can control over it, hence people worried about of how they get returns of there investmets.
Also price fluctuations is another drawback of using bitcoin, its unstable market losses relibility on it.
Bitcoin still not legalised all over world, is also affecting it to come in main stream.

[daarul50]

All bitcoin users must have experienced losses. However, if we are reliable in managing bitcoin despite losses of course the loss will not be big because it is a risk of the investment of bitcoin. However, one of the biggest losses of bitcoin is when we have a fairly large bitcoin balance and the balance is taken entirely by hackers.

[cherry yu]

bitcoin disadvantage comes when some people abuse thier earning and use it in a badway. bitcoin price is not stable also, so thier is a possibility that instead of gaining profit, you ganno loss it because of the sudden down of bitcoin price.

[BlasterS]

Since bitcoin is a electronic currency, it does not gives you physical substances which subject for constructive delivery interms of transfer of ownership.
You cannot use bitcoin to pay small expenses since here in the Philippines many Filipinos consider cash basis.

[junqiao]

Bitcoin can't replace the currency or the position of gold in the global.But people is interesting in Bitcoin for its high price .It worried me deeply.

[bitcoinmasterlord]

Main disadvantage of using bitcoin is its non easy conversion to money. As it is decentralised and no one can control over it, hence people worried about of how they get returns of there investmets.
Also price fluctuations is another drawback of using bitcoin, its unstable market losses relibility on it.
Bitcoin still not legalised all over world, is also affecting it to come in main stream.

Now bitcoin conversion is easy almost all country have local exchanges to convert your BTC to fiat. And other 2 reasons actually it is an advantage for bitcoin users. Price fluctuations will make us do bitcoin trade and make money if it is stable then we can not get any chance to make money. Bitcoin become legal then we have to pay tax to govt is this you are expecting?

[12tribes]

For the now, bitcoin is largely internet dependent apart from the other issues around it.

[BlackRacerX]

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 guess the biggest diasadvantage of bitcoins today is the ever increasing price of transfer fees. It's not even funny that the transfer price or transaction price is bigger than that of the amount you're about to transfer. Ridiculous. I think fiat money is better than this. I also forgot to mention the time it takes to actually send bitcoins to another wallet. Just way too long, to be honest.

[apumaycry]

hmm fluctuating price , high fee for transaction, transaction time , liquidity

[Pasabm]

I think it is with very high bitcoin prices right now. in the case of bitcoin prices going down very far,and people who buy bitcoin will now lose.

[TheGreatUnknown]

I think some of the biggest disadvantages of bitcoins are

     - the price its so unpredictable
     - its hard to understand at first
     - some think that bitcoin is illegal
     - because some government ban bitcoins

As a newbie that is some of the reasons why bitcoins is in disadvantages.

[ripti]

Bitcoin cannot be accepted in all countries. Moreover, bitcoin maintains so much confidentiality that no one can trace any type of transaction. And that's the big problem. Perhaps using terrorism, terrorists are performing their operations.

[geegaw]

The fees, transaction time and volatility. The fees are too much just to buy any cheap products. The transaction time is not convenient if you are falling in line to buy something and still need to wait to confirm they have received your payment. Volatility will be a big probem when it become mainstream.

Fee is not a big disadvantage with Bitcoin because the price of bitcoin is rising higher and higher over time, increased transaction fees are also an easy thing to understand, and it is also not high rise, it rose quite reasonable, so it is not a big problem. The biggest problem is that bitcoin is growing very strongly but the time to confirm the transaction is too long, I think most of us are able to accept that fee as long as the time to confirm the transaction becomes faster but the fact is that bitcoin always has a delay in this matter. Volatility is not a disadvantage, it is an opportunity for us to make money, many people like and know about Bitcoin because its volatility

[shritin1707]

There is no biggest disadvantages in bitcoin there are small disadvantage which causes problem like Lack of Awareness & Understanding.Fact is many people are still unaware of digital currencies and Bitcoin.People need to be educated about Bitcoin to be able to apply it to their lives.Networking is a must to spread the word on Bitcoin.
Businesses are accepting bitcoins because of the advantages, but the list is relatively small compared to physical currencies.other problem are like Risk and Volatility,Bitcoin has volatility mainly due to the fact that there is a limited amount of coins and the demand for them increases by each passing day.However, it is expected that the volatility will decrease as more time goes on.As more businesses, medias, and trading centers begin to accept Bitcoin, its’ price will eventually settle down.On the closing note I will say that if they fix these problem  then there is no disadvantage I see.

[poisonivy77]

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.

it is true i think the biggest disadvantages of bitcoin is its decentralization, most country do not accept bitcoin as a substitute or any other kind of currency. they often think it is illegal.