There are also exchanges robbed by hackers.
National Ban on Bitcoin
And there is my worry that I lost my private key
Topic: What Are Your Greatest Fears As a Bitcoin Holder? (Read 7365 times)
What worries me most is that Bitcoin is attacked by quantum computers.
There are also exchanges robbed by hackers.
National Ban on Bitcoin
And there is my worry that I lost my private key
There are also exchanges robbed by hackers.
National Ban on Bitcoin
And there is my worry that I lost my private key
My biggest fear is hacking followed next by banning of bitcoin by governments..
I think my biggest fear as a bitcoin holder is if the bitcoin, itself, is banned in my local country because not only me but also the people around me loses their chance to further expand their savings and they might no longer withdraw all of their bitcoin savings.
As a bitcoin holder my greatest fear are first, if I forgot the password of my account. It is sounds funny but it usually happen to me. And the secone one is if bitcoin goes down although it is normal, if I need a money and it falls down, it is not a good thing.
"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
For me the most fearest thing is legalisation of bitcoin in my country , Since I am from India so I can understand very well that how much we are facing the problem of legalisation of bitcoin in my country India .Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
Here government of India is not open about cryptourrency , they are not going for the fully legalisation and also they are not going for the ban .
But opposite of this they are trying to stop bitcoiners to use cryptourrency by making new new rules over the banking sector authorities .
So a type of confusion is working for me and in my mind and I don't think that is perfect for me to have mentilty and positivity to create trust with bitcoin .
Hope government of India may give the perfect and clear descion about cryptourrency and allow people to use bitcoin directly without much limitations.
My greatest fear as Bitcoin holder is when Bitcoin stops increasing its price or the trends looks like stable and very impossible to become bullish. Also, I become discourage if I heard the news about banning Bitcoin in some countries. With that, it really affects the increase of Bitcoin and many investors will not invest their capital to digital currency. But I am still hoping and believing that Bitcoin will bounce back again to its highest price so I will be patient for that to happen.
My greatest challenge with Bitcoin so far has been finding quick and cost-effective ways to withdraw when I need some FIAT. I was using Kraken but they shut down their service running through Japan and I also had a crypto debit card but they withdrew service. After some trial and error with LocalBitcoin (It did work on the 4th attempt!) I have found a new locally based exchange.
It is great trading and making money in crypto but you still need to be able to get access to funds to spend in FIAT from time to time.
It is great trading and making money in crypto but you still need to be able to get access to funds to spend in FIAT from time to time.
When the Government steps in and implement the total ban of crypto currency in my country or to any other countries.
I would be afraid if bitcoin is gone and can not be used as a cripto in the world.
What I am most afraid of is when it cannot be honored when everyone will not admit it. I am not afraid of the price drop or rise of Bitcoin. Because I know that the value of Bitcoin will always rise one day.
Hacking and Ban are both the biggest risks for bitcoin holders.Bitcoin is an online system in which we have a risk of hacking our account. Because hackers most hack online system.The second risk is to be bitcoin ban. Many countries have banned bitcoin.It has an effect on the price of bitcoin.There may be damage to bitcoin holders.
For me as a coin holder my greatest fears were the hackers and the scammers and most of all when the time come that bitcoin drops its value as low as ever. We can prevent those hackers by securing our accounts. I am afraid to have a loss on my investments and for sure, nobody wants it.
I am not worried about hacker fraud because bitcoin security is now highly developed, which I fear the negative issues in circulation so that my country will ban the circulation of bitcoin
Obviously, what I fear is when the price is down and the demand is reduced. Because it really affects everything.
The greatest fears when price goes down people say Bitcoin will desipare.
Another user who don't pay attention on the price movement but more on what are people is saying. This is one of the greatest fear I am having as a Bitcoin investor and user, if I will be the same as these people. I don't want to be paranoid and think that Bitcoin will "disappear". It will be pumping in the future and we just need to be patient.
I fear that my investment turns to zero. Well if you invested and it turns out to be bankrupt or what we call losing its value then that would be the greatest nightmare for anybody who invested.
My greatest fears in bitcoin is when the time comes that bitcoin will be at lowest value. If this happen, we all of us will suffer from dumping in it. But for now that was impossible to come because as we see. Bitcoin is unstoppable from increasing its value
Maybe the greatest fear is bitcoin will lose its value because many users are depending on its high value to earn more income. Also the fear of being scammed some users were intending to use bitcoin to take advantage of new users thats why Im afraid encountering those kind of people. 
I don't have any fears cuz I know the risk from the moment that I start using and buying bitcoin, also I've experienced many terrible things with Altcoins which makes ready for Any scenario could happen.
The greatest fears when price goes down people say Bitcoin will desipare.
It's the greatest feared factor, the price is steadily declining and making many users panic, I also experience it because I bought December for $ 15200 but now the price is not more than $ 7000 and looks hard to climb $ 10,000.
My greates fear as bitcoin holder is when the price continues drop in the market. Because it will cause me suffer from losses and can not recover my investment. Hoping that it will back to its increasing trend.
The fear of everyone for holding Bitcoin is an upcoming ruin on Bitcoin and Bitcoin has no more price and becomes a junk coin.
This is just the wrong thinking of the user who are not having an proper knowledge about bitcoin so I would say before saying this kind of statement better get to know about the market increasing price and the demand of bitcoin, for me bitcoin will never become zero it is the only investment which gives us profit and which makes us independent for our earning, bitcoin is gradually increasing only, so bitcoin is giving me confidence only I have not fear for holding my bitcoin with high amount of patience. Jump to: