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Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 27. (Read 7368 times)

member
Activity: 434
Merit: 10
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.
My greatest fear as a bitcoin holder are if wallets can be lost or getting hacked. If a hard drive crashes, or a virus corrupts data, and the wallet file is corrupted, Bitcoins have essentially been "lost". And if bitcoin will crash its price to the point that it will take long to recover. Then if my country will inhibit to use bitcoin in every transaction.
legendary
Activity: 1008
Merit: 1060
Greatest fears about holding bitcoin:

1. Getting hacked. I don't really worry that much about this because I know how to make my wallet secure but you are still going to live by the fact that you might still be hacked at some point for some reasons. You are never safe.

2. Getting my private keys/seed stolen. Which is pretty much getting hacked. We've all written our seed on some paper just because we can't just forget about it. We need it for recovery. At the same time, someone can find it in your house and just get your hard-earned bitcoins.

3. Having some taxation about cryptocurrency cashouts. I know that there are actually countries where you are required to declare what are your bitcoin addresses but they are actually taking taxes from the cash outs that you had. It's 25% of all those money and you have to pay taxes for all your cashouts for the whole year one time. That's not yet introduced in my country but the chances are pretty high since others are already doing it. The thing, though, they can simply bump up the percentage that they are taking from your cash outs. Like, 32% to make it same as income tax but they can still increase it.
member
Activity: 154
Merit: 10
When the price drop into 1$ just kidding when my bitcoin wallet got hacked ofcourse this is the greatest fears i know wthat sacred me too much and also when i send my bitcoin and will send it to another bitcoin adddress lmao
full member
Activity: 462
Merit: 101
My biggest fear to have bitcoin is if the whole country prohibits the use of bitcoin, with all states banning bitcoin then my efforts so far for bitcoin will not be useful.
full member
Activity: 266
Merit: 100
The biggest risk of bitcoin holders in my opinion is that when the price of bitcoin really drops the lowest point and can not rise as before, if it happens definitely bitcoin holders suffered huge losses.
full member
Activity: 331
Merit: 100
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
yup that would be a scary feeling
yes, you are right, really, scary if bitcoin really got its price down to the lowest point. and I will continue to cry if it really happens.
hero member
Activity: 773
Merit: 508
Bitcore (BTX) - The Future is Now
I fear the high tx fees will ruin our beloved bitcoin  Cry
jr. member
Activity: 168
Merit: 3
My greatest fear as a holder of the bitcoin is when the price of the bitcoin fall. And when bitcoin can not be exchanged with paper money because it has been banned by the government.
sr. member
Activity: 1246
Merit: 255
Hmmm, my major fears about bitcoin is;
1. Fear of hackers- I am always in the consciousness hackers who can wipe all you have been gathering in a day.they could be so wicked, heartless and despirate. I fear them.
2. I use to imagine if bitcoin suddenly ends today, of which it is not likely possible but I imagine funny things as such so I'm always carefully and prudent about whatever I get from it. All in the fear of who knows tomorrow.
newbie
Activity: 22
Merit: 0
"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 greatest fear as bitcoin holder, may be a mass crash on the price, I bought at 10K and make a horrible hold on the pic.
newbie
Activity: 17
Merit: 0
My biggest fear is that i lose my coins by doing something stupid.  It's still too easy to make costly mistakes with crypto.
jr. member
Activity: 159
Merit: 7
ARIZN - Tokenised Crowdfunding Platform
My greatest fear about bitcoin is when the time comes that the internwt will shutdown and the bitcoin will not use and open the account.
full member
Activity: 185
Merit: 100
Hacking.this is the only fear i feel.i have put a lot of my efforts to earn those.so if they got steal i dnt knw what im gonna do

I think the greatest fear that an individual could encounter as a Bitcoin holder were Scams and Hacking. All their fund would be gone if their account would be hacked. 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.
member
Activity: 294
Merit: 26
"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 fear one thing aside from hacking and scams. It is the event when the bitcoin bubble pops and I have so many bitcoins on hold. In order to avoid this, I must foresee that event and sell my bitcoins before that happens.
newbie
Activity: 11
Merit: 0
How i am going to spend it wisely in  future and also what will happen if the government of my country ban or put some regulation like  taxation in future Cry
newbie
Activity: 56
Merit: 0
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
yup that would be a scary feeling
sr. member
Activity: 476
Merit: 359
Well for me, and i guess for all bitcoiner, the greatest fear that us the bitcoin holder have is if we lost the bitcoin. Whether if we lose the value of bitcoin, or we lose the amount of the bitcoin because of some phising or hacking activity by some people.
Decreasing in value is not an absolute fear in my opinion, because if it can rise again, then it doesnt matter. But if it crash ( no people use it, banned everywhere, no vendor accept it), then we should be worried very much.
full member
Activity: 504
Merit: 100
For me as for Bitcoin holder the biggest fear is losing all my savings through the crash of prices. It is really hard to imagine that such things will happen but in extent I would try to predict this.
full member
Activity: 360
Merit: 100
 What worries me the most is the speed increase is quite high. I'm afraid it can break down to the lowest level. and we lose everything. I hope this will never happen because I'm investing too much into it
sr. member
Activity: 574
Merit: 256
My greatest fear as a bitcoin holder is for bitcoin becoming worthless or priceless,
And also my bitcoin wallet being hack or losing all of my money.

I think the most popular fear as a bitcoin holder is the one that makes it more popular, it's volatility. Most of the people here invested or bought bitcoin for one purpose, to earn profit, but the thing is, it is not always going up, it sometimes go down and vice versa. When the price goes down, like what is happening today, most of the people panic and think of the worst.
What worries most is that the U.S. government announced a ban on Bitcoin and altcoin trading and sent all traders to prison, haha. Of course, this is not realistic.
This is not a fear mate well I did not hear any of such news but if it is true even then you don’t need to e worry. Now bitcoin is high enough to handle itself because bitcoin have high value and price of bitcoin is getting higher bitcoin will help all people to have better profit in very short time. For me bitcoin has nothing to be worry about and I am not going to wait for investing in bitcoin ever.
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