Topic: Top 5 Concerns About Bitcoin ? - page 7. (Read 19261 times)

My five questions are: 1. How to make money using Bitcoin? 2. How to save your bitcoins from hackers? 3. What can I buy for bitcoins? 4. How is it profitable to withdraw bitcoins to fiat? 5. Is it worth getting rid of bitcoins when the course goes down?

if reading about crypto concerns maybe low prices are a major concern for every owner. This is one of the things that might be classic concerns, but believe this to be one of the causes of fear of many people

In terms of hacking all things in online can be hacked by someone especially your online wallet. But, if you careful person and you know what you are doing you can really avoid the hackers like storing you cryptocurrency in a safe place or putting it in a hardware wallet like Ledger. Most of us want to keep our cryptocurrency in a safe place so if you want to keep it do not share any information about your wallet and do not always click unknown link.

I think, a small concern in the crypto world is volatility, decentralization, and security, those 3 points have different values than other currencies.

and those 3 aspects that made me interested in coming into the crypto world.

It is not completely anonymous and their is a tendency to even more regulations.

My main concern it's not about Bitcoin, but about many ICOs which turned out to be scams or very poor projects... I hope the situation changes for the better in the future.

Agree. So I think adding to this there should be like a sub forum in the bitcoin discussion for FOMO and FUD so that they can really define each other very well. How awesome it could be. Exciting to imagine.

Couldn't agree more.  This is probably the last chance we have to make huge returns with cryptocurrency.  Once mainstream adoption comes the volatility will drop off massively.  Anyone waiting for cheaper prices from this point is just being greedy and will be left behind when the next boat leaves.

Most of all,like many others, I'm probably afraid of grandiose deception.I really believed in Bitcoin and cryptocurrency in General.Most annoying when you use your faith and leave you out in the cold with nothing.We have already lost a lot of time and money.I'm afraid they're just blocking our way to a bright new future.Losing the last and faith will be just a blow.That's what I fear most.

I worry only about the limited use of btc which is not used as the payment method everywhere I would like it to be used. So I hope that this situation will change in the nearest future

My buiggest concern is that I don't have enough, and I may not be able to build my holding before the next bull run.

Regulations: they can be very harmful to Crypto adoption and welfare of its enthusiasts when making use of the virtual currencies. No one wants to be forbidden of using Crypto-Currency or to have to give a 'big piece of cake" to the regulators to be allowed to make use of Crypto-Currency because governments greedy.

Volatility: it's part of the game and not a problem at all, but it's a concern anyway. Investors worry about losing their money value after a hard drop in price, taking too long to recover themselves from the depreciation. It makes the investments slow down and adoption to take more time to happen.

Lack of services: there aren't many different kinds of services accepting BTC yet. It's stagnant for now, generating bad speculations about how useful Bitcoin really is as currency. Sometimes enthusiasts may think how long it will still take to have more businesses adopting Bitcoin, promoting it as currency and not purely as speculative investment.

Security: as there aren't guarantees when investing in Crypto-Currency laymen stay away from it. There are security mechanism that can be used to protect our virtual currencies, but not everyone knows how to deal with them. Besides this option, they have to trust third party services to store their money, what isn't safe anyway. So, the government has an advantage point on this matter, as they give security guarantees that are null in Crypto world.

Fake News: this is a concern everywhere. These news are like gossips, they destroy reputations without even being truth and it can take a long time to rebuild what they destroyed. In a sensitive market like Crypto-Currency, fake news can cause a great damage, it's necessary to be alert about it all the time to not fall for them.

Ma main concern would be the technology failing. Bugs, viruses, not enough security, 51% attacks, ddos attacks, spammed network. As long as the technology is doing fine I have no concerns. I don't care about the price too much. Adoption will happen eventually if the coin remains reliable.

For me, the things that most concern me are; First of all the stability, I consider that if we never reach a normal currency stability we will never achieve mass adoption, which is another very important thing when it comes to knowing bitcoin and cryptos in general, the more people use it the more beneficial is the system.

None! Cryptocurrencies give me a raging hard-on. Bitcoin in general makes me shoot cum balls 30 feet.

Why is it always “concerns” about bitcoin? Why not, what do you love best about bitcoin?

As for me, the main concern is that btc is still limited in the payment operations and is still not as widespread as I would like it to be

Really good question. There are indeed some concerns about cryptocurrencies, but it's very different which cryptocurrency you refer to.

One of the most problematic issues is the distribution of the total supply. It's neccessary for a good cryptocurrency to be held of as many people as possible. We all know the current problems of the fiat system; a few people hold big amounts of money (and power). A good cryptocurrencies should avoid this and be held of many participants.

It would be very beneficial to have a widespread distrubution of the total supply. And this is also an argument for Bitcoin compared to competitors which are claiming to be better than Bitcoin, like the centralized XRP product from Ripple labs.
But I'm very positive that Bitcoin and some other valuable cryptocurrencies can solve this problem and the implemention of Bitcoin has the opportunity to improve it.

There are many fears with Bitcoin, but no one is hacking anything that will end this revolution, just want money. What is legalized little by little is not bad, in fact the kyc that we do in the campaigns is noticed. That makes a campaign more serious.

Most people use bitcoin as an investment, even some people don't understand the technology behind bitcoin. The main problem with bitcoin is scalability, this also happens to BCH networks and the solution is hardfork. Another problem is the regulation that varies from country to country. I think that is the main problem, while other problems can be overcome by strengthening communities and building extensive networks.

So far I am still thinking about the legality of cryptocurrency in my country, maybe now cryptocurence is still free here but of course I still feel worried if cryptocurence is considered illegal here, because cryptocurence has changed my life and my livelihood