Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 13. (Read 7368 times)
I believe with the multitude of people's interest in bitcoin. The government will slowly accept it. But what I'm worried about is irresponsible hackers. Stealing our wallet password and taking all of our assets. With hard work we raise money and invest. Then hackers steal it. Do not let it happen.
Add to it are the continuous attack from various countries' governments and their agents.Other than that, im also afraid of hackers. They might hack bitcoin or any crypto wallets. Hope our wallets are protected from those hackers.
I think this is nonsense, but I fear the day that the government would consider bitcoin as illegeal and consider the holders as criminals. All these things but I still love it and will continue to invest in it.I think what you must fear is when your private key storage is lost or broken, you will be having a hard time getting back what you have lost.
Hacking and stealing bitcoins are still the number one fear among many bitcoin holders because a lot of hackers are always ahead of technology and many computers are still vulnerable to attacks. The other fear is when the bitcoin price crash, this kind of usually triggers a panic selling in effort to save their remaining investment. Price crash can be temporary and bitcoin have the ability to bounce back so the best thing to do is hodl.
I wouldn't say it's a fear, more of a concern. I am concerned about crying babies in the business class lounge.
We all know that bitcoin is volatile, so it price was frequently changing' it goes up and so down' my biggest fear as bitcoin holder if price of it was became stagnant on its lowest price, in addition i think the worst thing that might happen to the bitcoin holder it bitcoin will totally disappear while holding a lots of coin, it is really a nightmare.
my fear of bitcoin holders is of course from the government's attitude that prohibits the use of bitcoin and if the government takes action to punish bitcoin holders if they continue to use it
Positive thoughts, we'll keep Bitcoin running, and as good as it will be.Those things can slowly destroy bitcoin from the inside.Fear factor creeps in if you have invested in bitcoin but the price is rallying down after the bubble and the delusional state you will be whether to hold or to sell is the biggest fear i have with bitcoin.
Being hacked and scammed is my biggest fear as a bitcoin holder. Because I believe that bitcoin won't go down because of being well knowned in the different countries and it is very useful to every people
There so many merchants that already accepting bitcoin as payment especially on Asian and EU country that widely supports bitcoin, So there is no need to fear that someday Bitcoin will be worthless because the price now is too high and far from being no value.
This kind of fear is for altcoins only and not applicable on bitcoin holders.
This kind of fear is for altcoins only and not applicable on bitcoin holders.
What are the top risks for Bitcoin holders?
I have some doubts about BTC till 2017 but now i believe that this currency has a future to go and wont give any setback to me as an investor
My biggest fear right now is a potential crash or investors rushing out to convert their bitcoin to US dollars like what happened in December 2013 when Bitcoin first hit $1,000. I hope this time it is different though.
My greatest fear as a Bitcoin holder is when the time comes that Bitcoin's price and value will decrease and drop at its value. It will be alarming for me .
I think my greatest fear as a bitcoin from now is the time that i spent in btc will go to waste just
"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?
If you are bitcoin holder then the risks you might able to experience: first is when bitcoin's price or value in the market crashed because we know that bitcoin's price is volatile then there will be an instance that it can increase and also decrease and it is hard for bitcoin holders that one day they will woke up that the price of bitcoin is being crashed. We don't want to convert our bitcoin to fiat when the price is low. So we wait for it.
Market crash, we already know the market is very volatile, and that the prices keep going up and down,not stable in one blace, but one thing tha a BTC holder fears the most is waking up to a total market crash.
- My greatest fear is that bitcoin will go down or the value of it decrease instantly and shutting down. . But i think shutting down is impossible because there were many bitcoin supporters,, So many would try bitcoin it will be viral all over the globe. .
Waking up to fallen prices of better still waking up to zero value BTC. price issues cause a lot of panic among BTC holders, but i think they can take dip in price but just cant take zero valuation overnight.
My #1 rule is, if you fear to invest in a particular asset, then it is not a solid investment choice. This is why I have already sold my Bitcoin at $15k levels when it couldn't breach above $20k. My plan was to hold for as long as possible, and this was the longest possible hold.
I think we all have common and the same fears about it. That the all goverments will ban bitcoin and the price will fall to the bottom.
Jump to: