Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 11. (Read 7370 times)
My greatest fear as a bitcoin holder is when it becomes impossible to cash out and no one accepts bitcoin as payment. That bitcoin will be at lowest value. And also to be hacked and scam. Hopefully it will not happen us.
As a holder the thing which always fear is it get hacked by someone or losing your wallet key. Since bitcoin now is the most powerful currency and contain large amount of money. Hackers can hacked bank accounts, credit cards etc, so for hackers its not a big task to hack wallet's security. About losing key, Bitcoin is Anonymous there's no identity required to join its community so there's no chance to recover your lost key once you lose it, you'll never found it.
"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?
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?
I don't mind by hacking, I am most afraid of is that if our country will ban Bitcoin for good. I hope not.
As a bitcoin holder my fear is when the value of bitcoin becomes low because as I see that my money I invested will lose but I overcome it by trust with the process because in this industries I know that the ups and down of bitcoin price is normal.
One thing I fear about Bitcoin is that when our government banned and totally get rid of Bitcoin usage and hold on all the exchange transaction in our country. But with the current status of Bitcoin in our country I know that I will not happen, thank God that they are already drafting some regulations in order to legalized Bitcoin and slowly we are already having some establishments and merchants accepting Bitcoin as a payment. So slowly but surely I am overcoming those fears now.
"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?
Being scam and the fall down of bitcoin many money will waste if the your trading site are scammers your effort will be wasted 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?
1. Bitcoin will fluctuate in low price, because it will waste my investment in bitcoin
2.Fear of government permanently banned of bitcoin in my country It will waste my time, money and effort in bitcoin.
2.Fear of government permanently banned of bitcoin in my country It will waste my time, money and effort in bitcoin.
Price drops. What I fear the most as a bitcoin holder is of course, the only thing that we all fear, pruce drops. Because I don't do anything with my bitcoin investments because I am holding, the only increase in profits I can hope for is the price increases with bitcoin. However, if bitcoin drops then I would lose not only profit but potentially my investments too. That's why I am afraid of bitcoin price drops.
if you hold bitcoin for long term, you don't have to worry about the price drop? because prices drop is a natural thing in the bitcoin market. the key is don't need to see the market for a few months or a few years. then after waiting several months / years. you will realize that you are a very lucky person because you managed to hold your bitcoin for the long term unaffected by the weakening of prices 
I think, my greatest fears in bitcoin is when the time comes that bitcoin will be at lowest value and when my country ban bitcoin and when bitcoin is impossible to be purchased for being too expensive sometimes i scare about how if my assets got hacked by hacker. But I doubt it would happen because the people will always be there to accept bitcoins.
That's the risk of investing in bitcoin. sometimes we are afraid of the weakening of bitcoin prices while we are holding many bitcoins. I think the way to handle it is to think positively that the weakening of prices is an opportunity for others people to buy bitcoin. and after that bitcoin prices will definitely go back up because it's a sure thing. risk like hacking is a scourge for users so you should be more careful on suspicious sites or suspicious links. keep update your antivirus dude..
The only thing that scares me is that all countries ban bitcoin.
If it does happen, it will be a disaster.
If it does happen, it will be a disaster.
I have enough to pay off my car loan but instead i used it to buy bitcoin. My fear is that i will lose all that from bitcoin and alts. Ill probably lose that through my car value though lol
The greatest fear for all Bitcoin users is scam and hackers. Since the government and banks gives us the warning about the cryptocurrency people are getting into great panic and they fear that the value of Bitcoin will come down and they even think that the value will come down to zero and in some countries the government is forcefully banning Bitcoin.If we can hold Bitcoin for long term it will be a positive way for us to make profit in Bitcoin.
Price drops. What I fear the most as a bitcoin holder is of course, the only thing that we all fear, pruce drops. Because I don't do anything with my bitcoin investments because I am holding, the only increase in profits I can hope for is the price increases with bitcoin. However, if bitcoin drops then I would lose not only profit but potentially my investments too. That's why I am afraid of bitcoin price drops.
I am afraid if bitcoin prices continue to decline so bitcoin prices as in early 2017. bitcoin prices are very cheap which makes me scared because it will affect also the price of the other coin. altcoin will decrease if bitcoin also decreases very drastically.
My greatest fear as a bitcoin holder is when my account and wallet will hacked eventhough the security of bitcoin is secure also when the price of bitcoin will go down as well as its value is suddenly losing.
All their investment would be gone if they will be scammed. All of what they have would be gone so they fear these two. Thus, what they fear the most is losing. It's still too easy to make costly mistakes with crypto.
The greatest fears for me as a bitcoin holder is when my wallets hacked by hackers. If this happen i dont know what to do. The price is normally up and down but the hackers isnt it once they've got you're bitcoin you'll not able to take it back anymore. So this is what i afraid off. But hoping it will not happen in my entire life while grabing bitcoin opportunity.
I think, my greatest fears in bitcoin is when the time comes that bitcoin will be at lowest value and when my country ban bitcoin and when bitcoin is impossible to be purchased for being too expensive sometimes i scare about how if my assets got hacked by hacker. But I doubt it would happen because the people will always be there to accept bitcoins.
i truly fear the hacking of my wallet and thereby loosing all that i have worked so hard to achieve , this is one of the primary reason why i am for some sort of regulation as once u get hacked and the coins are taken then there is no way to get them back.
My greatest fears as a bitcoin holder is the price that keeps going down, as happened some time ago the price dropped from $ 16k in january ago it reached $ 5800 and then it made me panicked so it sold some bitcoin, but I'm glad because the price is now back up and already over a week the price never drops below $ 10k.
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