What do you think are the biggest disadvantages of Bitcoin?

[clumsychoc]

One of the most notable disadvantages of bitcoins is the fact that transactions done using it can get public. Careful purchase is considered.

[klaybbj]

The big disadvantages of bitcoin is the big movement that he can do up or down specially now as we see he is down from 19k to 13k in 2 days and if we buy at the moment we will get a big lose

[wail3Bahwu]

biggest disadvantages with bitcoin is unstable price of bitcoin.

it is changes fast without control and hard to make trading using it

[haster100]

Many people say that the delay during confirmation is the biggest disadvantage of bitcoins, but I do not think it's a big problem if you add a higher fee, as if you wanted to make money quickly in your purse, then you must afford to pay a higher fee and for me it does not matter.

[Biggapp]

biggest disadvantages with bitcoin is unstable price of bitcoin.

it is changes fast without control and hard to make trading using it

Well if for you this is bitcoin disadvantage then I am not agree with you because if bitcoin is not having fix price then it is good and for this people do like bitcoin. Now in several places people use to invest in bitcoin just because it changes bitcoin price and give them profit I like bitcoin for high price up and increase so I am sure I will invest in bitcoin and will get huge profit, to be honest I did not find any disadvantage in bitcoin.

[LuckyHopper18]

The biggest disadvantage right now in bitcoin which I think everyone will agree is its increasing transactions fees and slow transaction process. I think its the big problem bitcoin is now facing, and it needs to fixed as soon as possible.

[Ryanpogi]

the biggest advantage of bitcoin is from sideline but you want to be full-time more ok because bitcoin is great because the value of today is great in trade.

[loaddebitcard]

Currently bitcoins has following cons:
1) Huge price that doesn't let newbies enter the club, that's why bitcoins are mostly traded between rich people;
2) Technical disadvantages like missing smart contract supports that doesn't let bitcoin to be a complete financial tool;
3) Bitcoin as well as other crypto is still digital money for geeks, it's not simple to use thus not popular.

[Prem.Soorajpaul]

High transaction commission and a very long processing time is biggest hurdle to accept it by main stream. If you are really working to make it more acceptable, please keep these two issues in mind. I believe, it will be very helpful.

[juddtrump]

Exposure to Bitcoin-Specific Scams and Fraud. ...
Black Market Activity May Damage Reputation and Usefulness. ...
Susceptible to High Price Volatility. ...
No Chargebacks or Refunds. ...
Potential to Be Replaced by Superior Cryptocurrency.

[icanscript]

I think that the big drawbacks of bitcoin are the cost of the transaction and the time of payment confirmation. Solving these problems will automatically solve a number of minor and minor problems.

[imoet]

The biggest advantages of bitcoin is in affecting the way people think and the way people do in changing their life better than before. With the condition of bitcoin that up and down, many people will learn how to see the situation whether they will sell or keep their bitcoin.

[ganzzorr]

Hmm...Bitcoin needs huge changes because of its centralization, high fees, and transaction duration... I see the future of BTC in the new fork - Segwit2X.
You can check more info here: https://b2x-segwit.io/

Sign the petition to introduce "ideal" BTC to more people:
https://www.change.org/p/sign-the-petition-to-introduce-bitcoin-segwit2x-to-the-rest-of-the-world
I signed the petition and suggest you too!

[ibhk]

The BTC network is able to process the number of transactions per second that is much higher than it is today. However it is not completely ready to scale for the major credit card network card levels. Work is being done to lift current limitations, and the needs of a well-known future. From the beginning, every aspect of the BTC network has been in the ongoing process of maturation, optimization, and speliazitaion, and is expected to remain that way for the next few years. As traffic grows, more BTC users can use lightweight clients, and full network nodes can be a more centralized service.

[Tamim121]

Besides thousands of advantage, bitcoin have some disadvantage also. Many criminal use it to do their evil work. Many dishonest billionaire invest on bitcoin to save their black money. But it should be checked if the government should control it and legal it in their country.

[louisedem]

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 people think that the main and major disadvantage that can be linked into bitcoin cryptocurrency is the mere fact that it is generated and operated on in which is one of the best feature of bitcoin for an easy access currency type because it is dependent on the internet source before you can access it. Same thing applies that because it is generated and operated online, we cannot deny that we are afraid that hackers might enter to get the access on the accounts and might get all the money stored in there.

[freshm4ker]

I think one of the biggest disadvantages of bitcoin is that not everyone knows it can be applied anywhere. Where you can buy something like groceries and pay with bitcoin. In some countries not many bisni receive bitcoin. But not yet known people will start to admit it. 

[daniweb]

I think the transactions need to be faster and Bitcoin must have a stable price. It is hard to accept is as a payment method since it fluctuates so much

[Tatalk]

As each coin has dual side, BTC too have few darker sided too in spite of having numerous advantages. The foremost and the biggest disadvantage of BTC is that its valuation is most susceptible to fluctuation, so one could not judge the exact valuation of BTC and hence BTC investment is not the all time employment and moreover being not centralized by the government, BTC is involved in few criminal activities also and there are few small disadvantages also related to BTC like no chances of chargeback and transaction process is also very time consuming, otherwise BTC is a boon for the humanity.

[steven.spearman]

Bitcoin I think only one thing that is the level of difficulty mine the higher. And pending transactions are getting more and more day, causing the fee so big.