Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 14. (Read 7367 times)
My greatest fear is my country have started agitating on the Cryptocurrency,what if they ban all exchange in my country making it impossible for me to cash out in my local currency how than do i make use of my BITCOIN
Of course the hacks and scam that is one of the fears we should had as a bitcoin holder. Having your wallet hacks can take away all your money on hand the money you work hard for, the money you try to hold, keep and saved. Scam is the same but this time you fall for it. you buy them without even knowing if they're legit or nah. But most of all what I fear is that if bitcoin becomes bubble where it lost it value that should be our greatest fears.
The only thing that scares me with my bitcoins is when it becomes impossible to cash out meanwhile nobody (merchants) accepts bitcoin as payment. But I doubt it would happen because the silk road will always be there to accept bitcoins.
Yes that would be scary, all your hard earned btc unable to cash out, just the thought of it scares me. My greatest fear would still be being hacked. That would break my heart when all my btc would be just gone. I don't worry much about scams, government, or banks. i'm only worried about hacking bitcoin wallets. Many Bitcoin users say that this is a feature, not a weakness, and simply requires the buyer to do their due diligence before sending a seller their money. Plus, irreversible transactions protect sellers from fraudulent chargebacks.It would be hard for us holder to cash out money. Cause in our local country there's a company that make us easy to cash out and cash in to our bitcoin wallet.
I agree that the future of bitcoin can all be predicted to become a currency of circulation in the world, but if you let your hacker get your private key, your bitcoin is likely to be stolen, which is what we are most worried about
Top risks or fears that I can think of the bitcoin are hacked account, spammed and stolen private keys. Hackers nowadays are very modern and high tech. I think even a high security facility or website can be break down by hackers. Other fear might be the unexpected fall of the coin that we are investing, there are many bubbles nowadays that sooner or later will be popped out. So we never know what's in the future.
I have always feared that I would make a lot of money, and fail to prove the tax agency how I have acquired them. 
My greatest fear as a bitcoin holder is it's being crashed in the future. I am very optimistic when bitcoin's value reached $20,000 however, I never expected that it will fall below $8,000. I just saw on my portfolio the bitcoin's history since last year and it is very disappointing because most of the investors lose a huge amount of money. Another thing is when the bitcoin's value turns to zero.
"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?
whats my top risk as bitcoin holder?well maybe the answer is TODAY,WHATS HAPPENING IN BITCOINPRICE NOW.but i dont consider it as loss because im pretty sure this is not permanent,this will end up soon but how long i dont know..i will hold my bitcoin even if its reached $5000 (hopefully not) lets help the coin guys,continue holding dont sell yoursDigital 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?
There are different fears for a bitcoin holder. Since it is only a digital currency, there are drawbacks. Like what if suddenly there's no way to cash out your bitcoin. But I guess even in fiat currency there are also risks because it is being controlled by central government banks. So despite the fears as a bitcoin holder, bitcoin is still good.
"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?
whats my top risk as bitcoin holder?well maybe the answer is TODAY,WHATS HAPPENING IN BITCOINPRICE NOW.but i dont consider it as loss because im pretty sure this is not permanent,this will end up soon but how long i dont know..i will hold my bitcoin even if its reached $5000 (hopefully not) lets help the coin guys,continue holding dont sell yours 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?
This week's bitcoin fear that I will conquer is Rock piste @ Vivaldi!
My fear is that when everyone is no longer willing to trust even nobody wants to invest dibitcoin so it will cause a reduction in bitcoin prices that will reach 0 at some point.
I don't worry much about scams, government, or banks. i'm only worried about hacking bitcoin wallets. Many Bitcoin users say that this is a feature, not a weakness, and simply requires the buyer to do their due diligence before sending a seller their money. Plus, irreversible transactions protect sellers from fraudulent chargebacks.It would be hard for us holder to cash out money. Cause in our local country there's a company that make us easy to cash out and cash in to our bitcoin wallet.
being hacked is not a feature rather it is due carelessness by someone who uses their bitcoin wallets and it wont happen to you either as long as you are aware on what you do. in my case my fear as a bitcoin holder is that the price fluctuations or volatility because im an investor in bitcoin and i manage to loose if the price of bitcoin decrease drastically due to volatility. Although being volatile sometimes a good way or advantage as it is the reason on why bitcoin increases.
i think the greatest fear as a bitcoin trader is the fall of bitcoin. now if it falls we tend to loose our profit and earnings, while if it appreciates we get more earnings and profits.
"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?
My greatest fear as a bitcoin holder is that I might wake up one day where everything has crashed and that my bitcoin wallet which has stored all my coins have been gone and disappear and that I am basically left with nothing and nothing in my power can really put a stop to it or even put something to do just so I could get it back and that is something I really and truly fear
The main fear which i think is the main for all the bitcoin holder is the price fall. That it should not go that much down that it will give loss to the owner.
I don't worry much about scams, government, or banks. i'm only worried about hacking bitcoin wallets. Many Bitcoin users say that this is a feature, not a weakness, and simply requires the buyer to do their due diligence before sending a seller their money. Plus, irreversible transactions protect sellers from fraudulent chargebacks.It would be hard for us holder to cash out money. Cause in our local country there's a company that make us easy to cash out and cash in to our bitcoin wallet.
Hey man, just use a cold wallet for your bitcoins and your fears will go away 
Trezor or Ledger Nano S for example. It is safe & cheap decision!
In addition to bitcoins, you can also store a lot of other cryptocurrencies, full list of supported coins you can see here (for Ledger Nano S): https://www.ledgerwallet.com/products/ledger-nano-s
I don't worry much about scams, government, or banks. i'm only worried about hacking bitcoin wallets. Many Bitcoin users say that this is a feature, not a weakness, and simply requires the buyer to do their due diligence before sending a seller their money. Plus, irreversible transactions protect sellers from fraudulent chargebacks.It would be hard for us holder to cash out money. Cause in our local country there's a company that make us easy to cash out and cash in to our bitcoin wallet.
Identity thefts are a large threat ro bitcoin users. They can get their belongings or important details in life get stolen. They can get their bank accounts and wallet addresses which is really scary. The price fluctuation is not a thing to be scared about because the price of bitcoin will still rise and that is a good sign for bitcoin holders.I am still pretty confident right now that it is unlikely to happen in our country because our government has a positive view of bitcoin and just issued a warning to the people to be vigilant but they did not state directly that we aren't allowed to transact it. I just hope this will never happen.
My greatest fear as a bitcoin holder are the scams that are frequently happening right now. More and more of them are emerging just to get bitcoin from us, they do all sorts of things to make you believe that they are legit and will deliver positive results from your investments.I fear that bitcoin will just disappear out of nowhere. Like bitcoin will be banned and our savings will only be removed just like that because it's just a digital cryptocurrency.I can clearly see the future and it is bright due to bitcoin, we just need to believe and trust the system, but not to the point of staking your future to it, all we need is balance. Early adopters are happy, so must take an example to their success.
I feel that the bitcoins I am hodling will be missing because the wallet I am having has many bad reviews
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