Disadvantages of bitcoin

[btaliat]

When bitcoin was introduced in 2009, no one foresaw its popularity. The coin started gaining attention when he increased with more than 400% in 2017 and since then it has decided to stop growing. However, there is nothing without disadvantages.
Among the disadvantages of the greatest coin.
It has bit achieved its aim even after 11 years since it has been created. The originator of bitcoin aimed at eliminating the fiat currcny and replace it with bitcoin. He wanted to break the barrier associated with the fist currency the tax and open policy where every transaction eill be under monitoring. It is sad that bitcoin never achieve this aim.
Also, it has not been generally accepted as a medium of exchange. It is only few platforms thay accept bitcoin as a medium of exchange. No one would have believed that despite its fame, expensiveness and popularity, could not have been accepted as globally accepted medium of exchange.
Which other disadvantages of bitcoin you know?

 

[Peppul]

These are list of disadvantages of bitcoin
1. Exposure to bitcoin specific scams or fraud. As the world's most popular cryptocurrency, bitcoin has seen more than its fair share of medium specific scams, fraud and attacks. These range from small time ponzi schemes, such as bitcoin saving and trust, to massive hack attacks, such as breaches that felled sheep market place.
2. Black market activity may damage reputation and usefulness. Despite high visibility prosecutions of the most egregious offenders, bitcoin remains attractive to criminals and gray market participants. Obviously, dark web marketplace like silk road and sheep expose Rand and file users to fraud and the threat of criminal prosecution.
3. Susceptible to high price volatility.
4. No charge back or refunds.
5. Potential to be replaced by superior cryto-currency.

 

[MKhadija]

Some disadvantages of using bitcoin

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. ...
Environmental Ills of Bitcoin Mining.

 

[Augusta]

One disadvantage I dislike about Bitcoin is the high volume by which fraudsters can steal one coins without trace. The coin because of it's anonymity status gives scammers and fraudsters the leadway to steal with restless abandoned. It seems there can't be a limitation to their stealing. Another is that it is yet to be globally accepted and I doubt it can ever replace fiat currency anytime soon. So the avenue of it becoming a well acceptable form of money is also limited. It's volatility is another one

 

[Ahmedo24]

When bitcoin was introduced in 2009, no one foresaw its popularity. The coin started gaining attention when he increased with more than 400% in 2017 and since then it has decided to stop growing. However, there is nothing without disadvantages.
Among the disadvantages of the greatest coin.
It has bit achieved its aim even after 11 years since it has been created. The originator of bitcoin aimed at eliminating the fiat currcny and replace it with bitcoin. He wanted to break the barrier associated with the fist currency the tax and open policy where every transaction eill be under monitoring. It is sad that bitcoin never achieve this aim.
Also, it has not been generally accepted as a medium of exchange. It is only few platforms thay accept bitcoin as a medium of exchange. No one would have believed that despite its fame, expensiveness and popularity, could not have been accepted as globally accepted medium of exchange.
Which other disadvantages of bitcoin you know?

Reading through your post I don't see you mentioning any disadvantage of bitcoin rather the challenges in bitcoin of which it strive hard to break through some like when there were more allegations that it going to burst , it stood the test of time and became very strong and more popular. However one disadvantage I have noticed from bitcoin is the irreversibility of the transaction once initiated so it means you can't or shouldn't make mistake with wallet addresses. High transaction fee during surge in it price is also a disadvantage.