Every good thing has side effects, I believed bitcoin ha play roles of changing lives and improving digital structural economy. But bitcoin also has negative damnation on lives by impoverishing people of their spare resource and income. Today I want point out some negative impact of bitcoin on societies such as:
1. Bitcoin is not easily understood by people with no knowledge of it, at such scam and fraud is high on them.
2. No refund to anyone who incurs loss through keys, seed phase or fraud.
3. Privacy- bad people trying to give bitcoin bad name by faking bitcoin apps and site.
4. Cyber hacking - cyber wizards an fraudsters makes people to loss bitcoin wallets and money.
5. Price vitalities - bitcoin price is unpredictable and nobody as monopoly of the market.
Well I don't see any difference in the negative aspect of bitcoin and that of fat because all you've mentioned also occurs with fiat and most times we shouldn't be expecting so much from bitcoin but rather just see it simply see it as a digital currency which can also serve as a digital investment and asset.
There is nothing wrong with the volatility of bitcoin because its the volatile nature of bitcoin that also makes it possible for people to earn gain or loss and the profits people make are also paid from the losses of others, and hence we ought to stay at the top of the game always and stay very smart as well.