Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 32. (Read 7368 times)
The main fear is that the bubble will burst; the second is that there could be problems with my wallets; and of course potential hacks, as it is digital currency nevertheless.
My greatest fear is hackers and other kind of cybercrime such as fake website. I am not afraid about bitcoin volatility, I have been here for long time and I have enough experience. The real risk of bitcoin investment is cybercrime.
While that is certainly a risk you can mitigate that risk greatly by taking the right actions, install a safe OS that you are only going to use for your wallet install the wallet and then disconnect that computer from the Internet until you want to use it to make a transaction, put a password in the machine and now you are protected against most attacks that could come your way. 
The biggest fear for all, it seems to me, is a sudden price drop and also the fear of hacking wallets if the currency is stored on the exchange.
Now my biggest fear as a bitcoin holder, is about security, i just look always to stay my wallet in secure level protects bitcoin from hackers and keep them away
Make sure you store your coins in a safe offline wallet to get the best protection available and away from hackers.I think if I lost my laptop or damaged by any reason than how can I recover my Bitcoin. However I kept password in my separate pen drive.
If you have the back up of your private key and all the passwords ,then what is there to worry.I do not have any fears,but the major issue is with my in laws who know that i have invested in bitcoin and now with all the articles coming out regarding the bubble and the steep price rise,they are just advising me to sell them off now and invest somewhere else,it is a big head ache now with all these advices.
My greatest fear is hacking.If any hakker hack my private key then my account is wiped out.
Then I guess your fear is also your fault. Hacking someone's private key is not that easy because if it is, there will be a lot of people that is using other crypto currency and not bitcoin. 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. As a bitcoin holder, I really fear losing my private key, I have a lot of things like memory where I put or save my private key, but I think the more I care for it, it may become more visible to people that might stole it.
Here are some of my major concerns:
1. Losing access to the 2FA of my Bitcoin wallet
2. Getting a notice from the income tax department of my country
3. Some hacker stealing my coins
4. Bitcoin getting replaced by some other coin or token
5. Bitcoin becoming worthless.
1. Losing access to the 2FA of my Bitcoin wallet
2. Getting a notice from the income tax department of my country
3. Some hacker stealing my coins
4. Bitcoin getting replaced by some other coin or token
5. Bitcoin becoming worthless.
Now my biggest fear as a bitcoin holder, is about security, i just look always to stay my wallet in secure level protects bitcoin from hackers and keep them away
Make sure you store your coins in a safe offline wallet to get the best protection available and away from hackers.I think if I lost my laptop or damaged by any reason than how can I recover my Bitcoin. However I kept password in my separate pen drive.
If you have the back up of your private key and all the passwords ,then what is there to worry.I do not have any fears,but the major issue is with my in laws who know that i have invested in bitcoin and now with all the articles coming out regarding the bubble and the steep price rise,they are just advising me to sell them off now and invest somewhere else,it is a big head ache now with all these advices.
As a bitcoin holder my greatest fear is that the bitcoin price should never goes down...it should be always increasing...noone can steal my bitcoin from wallet...
My greatest fear is hacking.If any hakker hack my private key then my account is wiped out.
my greatest fears as a bitcoins holders are hacker, site shutdown, forgetting my password, private key, dropping down price,
"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 personal view is fee is the top risk for bitcoin more than Hacking and scams, bitcoin is safer than banks and it’s hard to be hacked.
Top risk altcoin because they fast and low fee
i think anyone who has bitcoins hate the negative fluctuation. We all experienced these past months of 2017 the sudden drops of bitcoin, I thought that would be the end of bitcoin's rise in rate. 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 if I lost my laptop or damaged by any reason than how can I recover my Bitcoin. However I kept password in my separate pen drive.
Now my biggest fear as a bitcoin holder, is about security, i just look always to stay my wallet in secure level protects bitcoin from hackers and keep them away
"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?
The biggest fear of all investors is to incur big loss and for bitcoin holders their greatest fear is when the market of value will go down and i mean go down the drain without bouncing back. 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?
the biggest risk in my opinion is the loss of coins that I have from the wallet. the second, I am afraid if suddenly cryptocurrency suffered destruction and the digital coins become worthless.
The risk which you are considering biggest can be reduced to smallest by selecting right type of wallet. It is highly advised to use more than one wallets to keep your coins and preferably go from offline wallets because I believe they are not easy to be hacked. Your second concern is again just an assumption, nothing else. We are living in digital world and it is not possible for the internet to go out of order.
To my mind, the greatest fear for bitcoin may be the sudden fall of the price and it may cause a huge loss of the money.
My greatest fear about bitcoin is when time comes that it will crash and the bitcoin in your wallet can not be cashed out anymore. It will stuck in there and all you can do is watch it and wish that you have cash it out before the crash happens.
Well I have never faced this kind of problem in bitcoin it is increasing more and more in value just because of fine and competent use. If you are using bitcoin block chain wallet it will not make you lose the money and no one will be able to have all of your money until you share about it with about your bitcoin password. For me I am not afraid at all about anything related to bitcoin. 
I think the biggest fear of being a Bitcoin holder is losing Bitcoin. Because we will feel disappointed, if our money is taken by the hands of others. Therefore, we must be careful not to lose Bitcoin.
the greatest fear? hmm .. i am more afraid of my own decision when deciding whether i will hold or i sell. yes, the price of bitcoin and altcoin is very easy to change, and I would be sorry if I sell at the wrong time.
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