One of my fears as a bitcoin holder is to lose my holdings due to hacking and scamming, that's why I always make sure that my connection is secured and im using the correct site. Another one is that bitcoin would be banned in our country, since many countries had already decided to ban bitcoin, I hope our country does not follow the same way because it will be very hard to join ICO's now, specially more of the new ICO's are now requiring KYC verifications, also I may not be able to widthraw or convert my money into fiats it it gets banned.
In terms of price, its okay if its price keeps falling for now, bitcoin has established a powerful foundation this past years and I belive that it can recover., let's just enjoy the dip and keep buying.
Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 16. (Read 7368 times)
My greatest fear about bitcoin is when it falls down half its price and never goes back up again.
In my opinion, centralization would be one of my greatest fears as a bitcoin holder, aside from dips and banning by countries, among others. This is the fear that power over bitcoin, the supposedly decentralized, leaderless currency, could in fact become centralized or controlled by a few, and that people would use it thinking it was decentralized, not knowing it wasn’t.
There were concerns before about a handful of people calling themselves Bitcoin Unlimited who want to increase the cap on the size of transactions that the network can process at any given moment (as opposed to making the network more efficient to allow more transactions through under the same cap, which is 1MB) could soon begin to control the majority of the hashing power on the network.
There were concerns before about a handful of people calling themselves Bitcoin Unlimited who want to increase the cap on the size of transactions that the network can process at any given moment (as opposed to making the network more efficient to allow more transactions through under the same cap, which is 1MB) could soon begin to control the majority of the hashing power on the network.
"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 think number one is if the hackers can access to their bitcoin wallet. It is really scary . They'll leave you with nothing. The exchange as well, bitcoin holders are always afraid of losing theit bitcoin from hackers to scammers. The price of bitcoiin too. When it dips a bit,people are getting crazy especially when they bought their bitcoin in a high price. One more maybe is when the government in their own country will ban the bitcoin. That is scary too.
"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?
I think me and a lot of others greatest fear is to lose the pin code and the seed.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 something like this happen you pretty much lost all you Bitcoin.
For those who fear a drop of the price, you should at least withdraw the equivalent of your investment, and keep the rest as a bonus (of course if you bought at a lower price than today's price), and if you bought at a higher price than now, you should have set a stop loss, that's what every reasonable traders do.
There are lots of things that we should be afraid of. World is full of dangerous people. But there are also circumstances that may take our breath away. I guess, my greatest fears as a bitcoin holder is that whatever I have now, whatever I worked hard for, may lose its value. My country may ban here, therefore, I can't use this anymore. Being scammed. No matter how long you use this, there are still people who will try and scam you. Also, when bitcoin will fall down and stop working and never find a way up again.
in my opinion my fear experience is the value of bitcoin will 0 and about security issues what happen if we lost the private key.
In which is pretty impossible. Bitcoin has a lot of investors and users, yes it is possible, I am saying impossible since it is still profitable for some of the whales and they won't let go of their bitcoin as long as they are earning profit. In terms of security, if you lost your private key, that is not part of Bitcoin's issue on security that will be counted on you being an irresponsible digital currency holder..
in my opinion my fear experience is the value of bitcoin will 0 and about security issues what happen if we lost the private key.
probably the same fears as most of bidinterface, hacking in the first place, reducing the cost
All of us fear in hackers and scammers. This are the reasons why other people lose their bitcoins. And aside of this two i am also afraid of my government. Because i don't know what is running in their mind. What if they will ban bitcoin here in our country.
If you know how to store your coins properly, then you don't need to worry about the hackers and wallet thieves. And if you have an IQ of above 80, then I don't think that you will invest your hard earned money in to ponzi schemes. IMO, the biggest threat comes from the government. They are the biggest danger to the crypto-currency, at the moment.
Meh! Have no fear! governments can't do anything to your wallets
But they can only spread FUD! (Fear, Uncertainty and Doubt)...
I think this new regulation is the new way for society to adopt crypto...
If you can't beat crypto... Join crypto...
All of us fear in hackers and scammers. This are the reasons why other people lose their bitcoins. And aside of this two i am also afraid of my government. Because i don't know what is running in their mind. What if they will ban bitcoin here in our country.
If you know how to store your coins properly, then you don't need to worry about the hackers and wallet thieves. And if you have an IQ of above 80, then I don't think that you will invest your hard earned money in to ponzi schemes. IMO, the biggest threat comes from the government. They are the biggest danger to the crypto-currency, at the moment.
"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?
My biggest fear is like a bitcoin master that is bitcoin stopped working. What will the investor do when the trading platform suddenly stops working or has a system crash, deleting the data? It is a fact that virtual currency traders have to take responsibility for the results or consequences of the transaction themselves, because the law does not regulate the law does not protect the person. take of. 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?
All of us fear in hackers and scammers. This are the reasons why other people lose their bitcoins. And aside of this two i am also afraid of my government. Because i don't know what is running in their mind. What if they will ban bitcoin here in our country.
"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?
If everyone now holding bitcoin they afraid that what if bitcoin will not go higher the price and it became nothing. That my thought about others holding bitcoin now. 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 If the bitcoin becomes a bubble and burst. This will be linked to the flash crash but this time that looks impossible.
2 If the exchange site will be banned in the various country because of the exchange site as a centra key in the bitcoin or crypto.
3 Too many hackers, scammers in the crypto.
A lot of the things that makes me fear about the bitcoin itself. But the politic and regulatory seems to be a serious thing rather than other.
2 If the exchange site will be banned in the various country because of the exchange site as a centra key in the bitcoin or crypto.
3 Too many hackers, scammers in the crypto.
A lot of the things that makes me fear about the bitcoin itself. But the politic and regulatory seems to be a serious thing rather than other.
All of fears that you mention is same like the most fear is loss money.
I wil not explain more because people know why people not join in bitcoin and why many people still convinve their friwnd and family to not join here in bitcoin. All because the most fear is lossing money.
Phising account and scam is a common fear for everyone who is making online business and transaction, plus forgetting your password is the next in line more fearsome and trouble some matter especially when you are using different passwords and codes since we have a lot of accounts in making business /activities, like Gmail, Facebook, yahoo mail, digital wallet, and many more. Forgetting your bitcoin account password is the most fear I have, there are time that when I write it on my notebook it was on my bag that was stolen or for gat in car or bus and never been returned to me.
storing digital assets such as bitcoin and other cryptocurrencies certainly has a risk, but for me, the main risk to bitcoin is a scam exchange. therefore, we have to choose more exchange for deposit and invest
I think no valuation guarantee.Since there is no central authority governing Bitcoins, no one can guarantee its minimum valuation. If a large group of merchants decide to “dump” Bitcoins and leave the system, its valuation will decrease greatly which will immensely hurt users who have a large amount of wealth invested in Bitcoins. The decentralized nature of bitcoin is both a curse and blessing.
You really made the point yes even I am thinking same . The money invested in bitcoin is always in pressure each bad news about crypto currency will making to think some more . I am really afraid about my countries regulation what next not sure. 
My greatest fear as a bitcoin holder is when bitcoin fails or when my country will ban bitcoin. Either ways were just so heartbreaking.
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