Bitcoin Disadvantages
*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.
*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.
-Currently, Bitcoin’s price bounces everyday mainly due to current events that are related to digital currencies.
*Still Developing
-Bitcoin is still at its infancy stage with incomplete features that are in development.
-To make the digital currency more secure and accessible, new features, tools, and services are currently being developed.
-Bitcoin has some growth to do before it comes to its full and final potential.
-Needs to work out its problems just like how any currency in its beginning stage would need to.
