The Biggest Risk To Bitcoin? - page 2.

micher143

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Quote from: Latviand on November 07, 2017, 12:35:08 AM

Quote from: CryptoBry on November 07, 2017, 12:31:32 AM

Bitcoin, though about to celebrate its first decade of existence next year 2018, by all comparison especially with the fiat money, is still considered a relatively very young form of currency or a store of value (you can take a pick or get the two) and we are now witnessing its own evolution and dynamism.

We have been told of the many risks that Bitcoin can be facing today and then into its future. But what is the biggest risk that Bitcoin is currently facing? Aside from government intervention (just like what China did in September), one of the other big risks is the governance within Bitcoin.

There is no question that regulatory risk is obviously visible on many countries where Bitcoin got into. We had witnessed this in China and even South Korea as well as insignificant countries are also closely looking at Bitcoin maybe for clamping down. There are always regulatory risk involved but I think that governance is the greatest risk to Bitcoin and other decentralized entities. Right now, Bitcoin is governed by exit. There’s a consensus mechanism but when people disagree on consensus, they have three choices: Just suck it up, get away from Bitcoin or sell or they can get into the open source code and fork it.

People in Bitcoin know what forking is. We are facing here the technical risk and community risk. The Segwit2X debate, which could result in a hard fork this November 18, is highlighting the possible risk involved in the governance by exit.

We are experiencing the so-called Balkanization (fragmentation or division) of Bitcoin is not good for the future of Bitcoin and the whole cryptocurrency community.

Biggest risk in bitcoin? For me, i think the biggest risk in the bitcoinbis when you decide to turn all your money to bitcoin because you'll hope that it can be higher up soon. The risk is it. All of us know about the fluctuating and unstable. Why if it become falling down ans all your monry invest inthe bitcoin. This is the big risk for me. To turn out all my money in bitcoin

We all know that there is a sure risk that we could take in dealing with Bitcoin investment so in a perspective we should all embrace the risk it could give us or it could have and continue to develop our self in terms of investing and decision making for us to earn more and to gain more profit.

dear53

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BTC is one of the best coin in modern time.Many people have depend on it.I knew that there is no chance to crash it.If BTC crushes many people are lost there lots of money who save a big and small amount of BTC in there wallet and the other online site.So there is no risk to BTC.

LuXiiRaS

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I think the biggest risks to BTC is it's not a stable currency and I think that banks and governments will start planning to eliminate BTC soon.

joanshu

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i think the biggest risk is investing your entire fortune in it as btc price keep changing every now and then and we cannot predict if there is fall in the investment.

Julia_bitcoin

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The risk that gradually bitcoin will increase the desire for centralization because the exchange rate is becoming more and more influenced by the stock market, where they sell and buy this cryptocurrency.

Social_Cryptonetix

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I believe risk is everywhere, so just don’t hate it due to risk. However, it is only sensible to invest into multiple options instead of one. As that is how we will be able to gain and minimize the risk, but if we take just one route without too much thinking then it might just hurt us badly.

Waleed rose

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The bitcoins is the number #1 cryptocurrency billions of people are investing in the bitcoins just because they trust in the bitcoins and they knows that the bitcoins has no risk at all but the only risk is that if the government banne the bitcoins but I'm sure that the government will not banne the bitcoins because billions of the lives depends upon the bitcoins that's why the government will never put the lives of their citizens on the risk that's why you should not be worried because the bitcoins is free of risk.

Bakemat

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Quote from: CryptoBry on November 07, 2017, 12:31:32 AM

Bitcoin, though about to celebrate its first decade of existence next year 2018, by all comparison especially with the fiat money, is still considered a relatively very young form of currency or a store of value (you can take a pick or get the two) and we are now witnessing its own evolution and dynamism.

We have been told of the many risks that Bitcoin can be facing today and then into its future. But what is the biggest risk that Bitcoin is currently facing? Aside from government intervention (just like what China did in September), one of the other big risks is the governance within Bitcoin.

There is no question that regulatory risk is obviously visible on many countries where Bitcoin got into. We had witnessed this in China and even South Korea as well as insignificant countries are also closely looking at Bitcoin maybe for clamping down. There are always regulatory risk involved but I think that governance is the greatest risk to Bitcoin and other decentralized entities. Right now, Bitcoin is governed by exit. There’s a consensus mechanism but when people disagree on consensus, they have three choices: Just suck it up, get away from Bitcoin or sell or they can get into the open source code and fork it.

People in Bitcoin know what forking is. We are facing here the technical risk and community risk. The Segwit2X debate, which could result in a hard fork this November 18, is highlighting the possible risk involved in the governance by exit.

We are experiencing the so-called Balkanization (fragmentation or division) of Bitcoin is not good for the future of Bitcoin and the whole cryptocurrency community.

for me the biggest risk to bitcoin is when you have thinking about the investment and unlike the normal investment you plan to invest all your money it can be a big risk. we know the fluctuating and unstable price of bitcoin so maybe it can higher up or lower down soon and when you plan to invest all your money. and then tomorrow after you invest the value of bitcoin will become lower . im sure it is a big loss for you but you have to hold it until it can rise up again.

lili song

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I think any kind of investment have a biggest risk. Actually is same risk, if they price down to far is the biggest risk.
But don't worry bitcoin every year increase fast. It will give us more profit significant.

Layonk

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the biggest risk is volatile of bitcoin, it can make us loss if have no good prediction.

ajmapalo22

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The biggest risk of bitcoin I think is the limitations of its supply we are now facing the big hit in bitcoin value which will surely attracts many investors to buy and hold bitcoin for a long term period because they will believe that it's value will appreciate more in later years, with this chances are majority of people will keep holding their coins and bitcoin will become stagnant the supply will somehow not enough for the circulation and if it cannot provide for the market demand chances are bitcoin may crash.

kiwasmose

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I think some of the country's regulatory risk is only temporary. This does not constitute the destruction of the destruction of bitcoin. One thing that needs special attention is that the fork is likely to cause the miners to split, and the miners are the foundation of bitcoin.

audrey12

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I agree with you one of the biggest risk bitcoin facing today is the government intervention I am afraid of one day if countries will have a one decision and that is not letting bitcoin enter the market and that everything we started here and invested on will suddenly collapse and gone. What bitcoin needs today is the acceptability of the world and the help of government to introduce bitcoin to all levels of society but as long as there are countries who banned bitcoin the risk will remain and should be worry about.

teilwalL05

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Quote from: lazygin001 on November 07, 2017, 02:27:16 AM

The biggest risk to Bitcoin is that it is very unstable, pricing is jumping up and down like crazy at times depending on what news you get. It can be the king of the world today and gone tomorrow.

That is what most investors like about bitcoin the fluctuation of bitcoin, you can see it by the recent increase it goes beyond our expectations like we are in the $6500 recently and tomorrow the price jump to the $7000 value, many was shock by the recent increase in price of bitcoin and I really think that many investors are into this kind of fluctuation regarding the sudden price increase,

But I think the greatest risk will be the Government issues that wants control over bitcoin, I really think that they are using bitcoin and taking profit in it but what they great motive if not to control bitcoin, was to make their own Cryptocurrency and surpass bitcoin.

PointHope

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Maybe the biggest risk, short term is central government printing crazy amounts of worthless fiat.

No wait they are already doing that!

Pretty soon USD wont be worth the paper they are printed on.

Banks and central governments will collapse en masse.

putrii

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I think the biggest risk of bitcoin is when bitcoin does not have any resale value. falling bitcoins can not be used and bitcoins into products fail, but I do not think that's likely to happen.

coiner495

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The biggest risk is in the forks like segwit2x and aftercoming Cobra's hardfork of bitcoin core. These forks have a potential to split the community, sow uncertainty and scare off institutional investors. Money flow may switch to altcoins, or go into fiat until things clear up (good scenario). In the worst case these fork wars may trigger the burst of cryptobubble.

newlone

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Quote from: MAJICOIN on November 07, 2017, 02:17:42 AM

The ultimate and big risk involved with bitcoin is the legality and acceptance issues regarding bitcoin. Bitcoin is the digital currency and it is attached with the internet where internet facility is not available the digital currency can’t be accessed. Therefore the biggest risk is said to be the acceptance of these digital currencies.

I also think that what we have to worry about is bitcoin legitimacy as many countries start to fight it by issuing bans.

lazygin001

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The biggest risk to Bitcoin is that it is very unstable, pricing is jumping up and down like crazy at times depending on what news you get. It can be the king of the world today and gone tomorrow.

unistone

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In short term, the coming hard fork is the biggest risk.

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