What Are Your Greatest Fears As a Bitcoin Holder? - page 30.

Wagako

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Activity: 249

Merit: 100

Quote from: mevmike on December 26, 2017, 02:13:31 AM

for me one of my greatest fear is losing my private key.
i know it will be safe with me as long as i know how to keep it safe.
but we really can't remove the worries that there are people who will do anything to have access to your coins.

Yes the most important thing you must secured is your private key to make your profit or holdings safe. Since this world is full of hackers and scammers then it is the most important you must secured

Prettyme

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Activity: 364

Merit: 100

Quote from: no0dlepunk on November 01, 2017, 07:33:16 PM

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.

That is also one of my fears about bitcoin but over all is that when bitcoin become zero or it will be worthless we can no longer use it because theres no value. That is my greatest fear about holding bitcoin because you can lose profit then your effort become worthless.

budz0425

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Activity: 504

Merit: 101

Quote from: Samj16 on December 26, 2017, 07:48:53 AM

My greastest fear is what if the value will decrease, your invested money will turn to nothing? I'm also scared if my account got hacked. It hurts losing your hard earn money.

I am not afraid at this moment when the price goes down, I am not afraid when the price goes up, I am afraid that even a 0.01 I don't have in my wallet, I aiming to have atleast 1 bitcoin and would just withdraw it after 5 years when the price could be a million dollar worth, and will make sure not to withdraw it until it reaches million.

Samj16

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Activity: 162

Merit: 10

My greastest fear is what if the value will decrease, your invested money will turn to nothing? I'm also scared if my account got hacked. It hurts losing your hard earn money.

steveabrahams

sr. member

Activity: 1050

Merit: 254

The price obviously, because the price of bitcoin can easily going up and going down. I'm afraid can suddenly dropped so hard in 1 night and when i wake up the value of my bitcoins become dropped to below 50%. Also a bad news about bitcoin, like a news from China that ban ICOs and some exchanges on China. It makes the bitcoin price fall.

helars2008

full member

Activity: 210

Merit: 100

Losing my private keys.
I am not that worried of government regulations because one way or another i know that there will be a way for cryptocurrency to continiously grow.
But all of this will be gone if somehow someone took control of my keys.

kjnfmplm

jr. member

Activity: 364

Merit: 6

For me, I think that my greatest fear is when the government bans bitcoin.
Next to that, is when the exchange rate of bitcoin is as low as 100$.

mevmike

full member

Activity: 294

Merit: 100

for me one of my greatest fear is losing my private key.
i know it will be safe with me as long as i know how to keep it safe.
but we really can't remove the worries that there are people who will do anything to have access to your coins.

Wyne

full member

Activity: 531

Merit: 102

Quote from: TechDirectory on November 01, 2017, 07:06:03 PM

"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?

As a bitcoin holder, my greatest fears are: (1) What will happen to the bitcoin community if the bitcoin value continue to decrease? Does the bitcoin community will burst like a bubble as what the critics always predict? (2) If bitcoin value will increase does my bitcoin wallet safe from hackers? (3) What will happen to the places here in the Philippines who are not technology aided if bitcoin become the leading currency. What will I do if I get a job assigned in an area without internet connection? (4) Does bitcoin life will last soon?

vltnqefi

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Activity: 99

Merit: 10

Quote from: Janation on December 24, 2017, 02:50:51 AM

Quote from: cramcram21 on December 24, 2017, 12:02:50 AM

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.

JohnBitCo

sr. member

Activity: 2030

Merit: 356

The only thing that scares me is got hacked. In past i read some articles that many wallets got hacked and more than 70$ millions are stolen. Nice Hash wallets are one of them and not on the block chain they're internal. The second fears is its price which can drop any time without giving any notification or warning.

ngusmin

copper member

Activity: 497

Merit: 0

Quote from: TechDirectory on November 01, 2017, 07:06:03 PM

"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?

What I'm afraid of when Bitcoin suffered a greatly reduced price. Surely will suffer a considerable loss.

codpku

member

Activity: 336

Merit: 10

The greatest fears when everything have to pay with bitcoin and i dont have one
Thats nightmare bro

Darklinkz

full member

Activity: 448

Merit: 100

Waking up one day and everything is in the worst moment that ever could happen where bitcoin's value plummeted to 3 digits which is less than a $1000. Another one is US going to plan or implement a total ban on crypto.

Isaacck1

full member

Activity: 244

Merit: 101

First of all, nothing beats the fear of the fall of bitcoin's price. And it happened these past few days. I hqve been thinking if I should sell my bitcoins or wait for it to rise again. Since based on my experience, this is the time when bitcoin rises much greater than its fall. I also fear being scammed, especially I am not a computer guy at all.

judemarco1996

member

Activity: 210

Merit: 10

My biggest fear in investing in bitcoin is maybe the downfall of the bitcoin and bitcoin will not have any value in the future. also, maybe in the future IT expert or hacker learn to hack the bitcoin and they discover how to hack it. But for beginner, always check the site you visit to secure your bitcoin wont be hack from you. Grin

Janation

hero member

Activity: 1722

Merit: 528

Quote from: cramcram21 on December 24, 2017, 12:02:50 AM

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.

Reid

hero member

Activity: 3052

Merit: 651

Recently, the bitcoin fall.
No one knows if this is going to go back to the 18k or 19k price or will be staying or fall more.
I know there have been a lot of panic with holders but as of now I would love to hold more in case it goes back.

Weldhers

jr. member

Activity: 135

Merit: 3

my biggest fear is when I buy bitcoin at a high price and when I want to sell it suddenly the price drops
And also my bitcoin wallet being hack or losing all of my money.

MetalGear

sr. member

Activity: 714

Merit: 250

Quote from: martin1221 on November 01, 2017, 07:40:29 PM

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

My biggest fear as a bitcoin holder is when the price of bitcoin will dropped to $0 and it will become banned in all country. On the other hand, the most fear that they do not want to happen is when it would become bubbles. Lastly, I hope all my fear would not happen.

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