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Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 34. (Read 7368 times)

sr. member
Activity: 714
Merit: 250
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.
full member
Activity: 293
Merit: 107
As I now hold a bitcoin what I am afraid of maintaining the value I am now as I struggle to reverse the real money when low cost I do not want to sell
newbie
Activity: 43
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 is that bitcoin will vanish in our society, and the bitcoin will be having a low value in our country.
member
Activity: 82
Merit: 10
Probably when bitcoin loses its value. Since having the loss of value of bitcoin will lose the value of income i have worked hard so far. Having it lose its value is fatal for everyone using it as an income. Thus, it will be bad or worse for us.
full member
Activity: 560
Merit: 102
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.
sr. member
Activity: 686
Merit: 250
The greatest fear of bitcoin holder is the value of bitcoin fluctuates down and their investment result into loss. So it’s better to sell their bitcoin once it reaches the highest peak, and buy lots of bitcoins at its lowest trough.
No I suppose the biggest fear for any holder has to with the fact that someday bitcoin value becomes zero in a very rapid fashion that does not give you time to sell your coins, which means you are going to lose all your investment on bitcoin and all the potential profits you could have got if you sold early, besides that, I have no other worries as a long term holder.
hero member
Activity: 1694
Merit: 541
That I'll sell most of my Bitcoin between $100k and $150k and then it'll go up to $500k in the following few years.
This is not fear,it is pure greed. Tongue if you are in profits and sold the coins at a whooping profit,what is the logic in living in fear.Fear factor creeps in if you have invested in bitcoin but the price is rallying down after the bubble and the delusional state you will be whether to hold or to sell is the biggest fear i have with bitcoin.
sr. member
Activity: 619
Merit: 250
Bitcoin will be fallen. That is my biggest fear. Bitcoin was an awesome technology but the huge number of people causing a big mess inside bitcoin which has proven that bitcoin is not strong as we believe. Slow speed, take too much time for a confirmation. Those things can slowly destroy bitcoin from the inside
hero member
Activity: 2240
Merit: 848
That I'll sell most of my Bitcoin between $100k and $150k and then it'll go up to $500k in the following few years.
full member
Activity: 598
Merit: 100
For now, my biggest fear is that my country will eventually ban on bitcoin and its involvement. There will be nothing to cash-out my bitcoins then, I have been starting to look for alternatives on how to solve this problem when it happens. Hacking may happen, but you can still earn bitcoin, but if there is no place to cash out, my bitcoin will mean nothing.
My greatest fear as a bitcoin holder if it is being hacked or stolen....
sr. member
Activity: 343
Merit: 250
My Greatest fears as a bitcoin holder? I think my greatest fear is that the number of bitcoin will decrease, so as my money decreases also, being a bitcoin holder you also gotta be strategic, specifically when converting bitcoins into your own currency, for me I convert my BTC into PESO, if bitcoin falls, so as we bitcoin holders too, and this is one of the biggest upsets that would occur if bitcoin dumps down. Positive thoughts, we'll keep Bitcoin running, and as good as it will be.
full member
Activity: 378
Merit: 100
For some giant critical flaw to be found in the code, rendering it useless.  Or a well-executed 51% attack that destroys the network
My greatest fear as a bitcoin holder is when the value of bitcoin will dump for long time, because as a holder of bitcoin i always wish that the value of bitcoin will always increase so when i hold it for long time i can make or earn many money, and my othere greatest fear as a holder is when my wallet is hacked, that was so devastating if thats will happen for me.
newbie
Activity: 18
Merit: 0
no fear .hold ur bitcoin in offline wallet.and do not share your private key to anyone Smiley
bitcoin price will grow more
In a positive thoughts you are right. But hackers are just right there waiting for a chance to get into the system; transfer the funds if can and destroy. They are already there before the start of bitcoin and they hacked whatever it takes. However, with the preciseness of cryptocurrency system, everything that hackers can penetrate into the system were already considered and that is why mining was built.
full member
Activity: 322
Merit: 100
"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?
Actually i scared to some hackers and some scammed sight and also i have a fear if all goverments banned this bitcoin i think the value of bitcoin will go back to zero but i hope that it wont happen anymore becausee bitcoin isvery profitable.
hero member
Activity: 2590
Merit: 644
I think my greatest fear will be hacking of my BTC account.
I am not agreeing with you that your fear is you are Bitcoin holder and you afraid of price go down. In my opinion that is not the intelligent thinking. The master mind peoples are just waiting for that time when price of Bitcoin is going down. That is best time to buy Bitcoin and hold them till the price again reach to its peak. I have no fear about Bitcoin. The Bitcoin is always gives me happiness by providing me the chance to earn a lot of profit.
We should not be afraid for the possible dump in bitcoin because that is not a threat for us if we are going for long term holding because if you are really into long term holding then you don't need to worry about since the future of bitcoin is very bright the team and the community is very active to keep supporting bitcoin.
hero member
Activity: 2716
Merit: 552
"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?

Yeah youre right hacking and scamming remains the top risks to be feared. But no matter how people are so aware and doing extra security steps yet there are still some who gets victimized by these cyber criminals. Anyway, one of my most feared thing to happen is when Bitcoin will pop like a balloon and it suddely lost its value. Its not impossible to happen since Bitcoin was designed to be decentralized no government can control it and no taxes, and Bitcoin is a big issue to the banks. So, how do you think government will adjust into this kind of currency?
Remember, they always want to be the first to benefit from any kind of stuff in the market.
hero member
Activity: 658
Merit: 500
I think my greatest fear will be hacking of my BTC account.
I am not agreeing with you that your fear is you are Bitcoin holder and you afraid of price go down. In my opinion that is not the intelligent thinking. The master mind peoples are just waiting for that time when price of Bitcoin is going down. That is best time to buy Bitcoin and hold them till the price again reach to its peak. I have no fear about Bitcoin. The Bitcoin is always gives me happiness by providing me the chance to earn a lot of profit.
sr. member
Activity: 686
Merit: 250
My biggest fear as a bitcoat holder is that since the value of bitcoin lies in the demand for it and practically only its price is kept, that for some reason the demand for it will fall and bitcoin will almost immediately depreciate. I understand that bitkoyn still has the property of a bubble and it will eventually bloat so much that it bursts. I hope that nothing will happen to him in the next few decades.
The demand is always going to be there, people will use bitcoin because it is an useful tool, if at some point bitcoin was declared illegal people will keep using it, since many of us believe the economy as it is right now cannot continue indefinitely and this is going to crash and people are going to look something to protect themselves and bitcoin is going to be there to offer them help.
full member
Activity: 826
Merit: 104
no fear .hold ur bitcoin in offline wallet.and do not share your private key to anyone Smiley
bitcoin price will grow more
hero member
Activity: 812
Merit: 510
price crashing occasionally and getting addicted to gambling for no reason.
during price crashes we really cant do much but once you get addicted to gambling
there is surely no way around it and getting rid of this addiction can take lot time
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