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Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 41. (Read 7368 times)

member
Activity: 574
Merit: 12
there are only two things which i fear in bitcoin which are hackers and not being able to sell my btc. hackers are everywhere in the world today, looking for better ways to steal btc from people thats why one has to be extremely careful with your bitcoin.
rpg
hero member
Activity: 728
Merit: 500
I think, the main risk of holding bitcoins is getting your wallet compromised. Well it can be easily avoided, we just need to be careful every time. Other thing is to lost password for my wallet
hero member
Activity: 854
Merit: 522
Actually i am not fear as a bitcoin holder because bitcoin is instrument of investment for me, i know about the risk losing because of investment in the bitcoin and cryptos currencies and i am ready to losing all of my money in the bitcoin. But as human i have feel worry the bitcoin in the future will be losing the values and there are no people who invest their money in bitcoin and i am worry if bitcoin be banned by my government, it will makes me come back to traditional investment to stocks markets and i don't like it because i can take full control of my investment.
jr. member
Activity: 56
Merit: 10
We all know that even bitcoin has the secured transactions, I kept worrying because maybe one day all my hardworks to keep my bitcoin will all be gone because of scammers and any people who planned to pull down the bitcoin. Also im afraid that the government will start to banned bitcoin in different countries.
What I fear is that most countries in the world unite to suppress bitcoin, and if that happens, bitcoin will be destroyed. But I do not believe that one country will truly unite other countries. But the influence of hackers on bitcoin is far too small for national power.
member
Activity: 98
Merit: 10
"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 a bitcoiner is i lost my private key thats the most important to my bitcoin because if i lost that i ever didn't get my bitcoin
Yes, I totally agree with you. The biggest fear is that you lose your key or your account is hacked by hackers

That is from nearly everyone, because no one wants to lose his key or to be hacked by hackers. You have worked very hard for those coins so it would be very sad to lose them all.

One of my fear is also that bitcoin will lose all of his value in one day.
NRF
sr. member
Activity: 279
Merit: 250
"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 a bitcoiner is i lost my private key thats the most important to my bitcoin because if i lost that i ever didn't get my bitcoin
Yes, I totally agree with you. The biggest fear is that you lose your key or your account is hacked by hackers
member
Activity: 203
Merit: 10
"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 a bitcoiner is i lost my private key thats the most important to my bitcoin because if i lost that i ever didn't get my bitcoin
full member
Activity: 185
Merit: 100
We all know that even bitcoin has the secured transactions, I kept worrying because maybe one day all my hardworks to keep my bitcoin will all be gone because of scammers and any people who planned to pull down the bitcoin. Also im afraid that the government will start to banned bitcoin in different countries.
full member
Activity: 290
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?
As a bitcoin holder, there are two big factors that really scare me and that are scammers / scam and hackers/ hacking. Anything can happen if we dont take extra care with our bitcoin. Another thing that i fear as a bitcoin holder is that it might have serious problem like having trouble in cashing out. Also my fear is that this bitcoin will be shutdown and we bitcoiners dont want that to happen right? So let us just be extra alert and aware so that we can overcome this fears
full member
Activity: 315
Merit: 100
Investing in the future development of blockchain
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.

Well thats true, we cannot predict the sales of the tokens but for me I am really afraid if I once hold and the price itself was continuously dumping, I encounter it already to my classmate they immediately convert their bitcoin to our local money since they are afraid thwy may lose more.
hero member
Activity: 2954
Merit: 796
I personally more on fear of loss. that's all the rest I do not care.
I think every bitcoin holder always has anxiety though not too much. I think that's normal
That's actually true, I honestly have that anxiety when holding not only bitcoin but other altcoins and fear of loss aswell. but however, once you get over with it, atleast already experienced with any circumstances happened to your assets, you will be fine, and yes, that's normal since anxiety also considered as human's nature and there's nothing to worry about.
I just keep focused on believing that holding is a good decision since I have seen it well before that btc have prove how it increases as time passed by, though its alarming when it aleeady drops.
sr. member
Activity: 812
Merit: 253
Hacking my account would probably be my biggest fear as a bitcoin holder. I mean anyone who are keeping or holding their bitcoins are of course on the same page as I am. Another one would be if there'd be no internet access, and it is possible especially with that of North Korea if my country would be affected, the biggest question I had in mind when that news broke out was that how am I going to access my accounts without internet and what would happen in the crypto world as well?
member
Activity: 140
Merit: 15
Sudden fluctuations which could cause panic and also cause people to lose their trust in the currency is my greatest fear. Bitcoin is not established enough to the extent that people's perceptions about the currency become relatively unimportant.
legendary
Activity: 1652
Merit: 1007
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I would not like to see one of the major exchanges going down again. The other fear is some error in the code which could completely halt Bitcoin transactions. I guess crypto economy s become too smart for any of these issues to take place.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
I personally more on fear of loss. that's all the rest I do not care.
I think every bitcoin holder always has anxiety though not too much. I think that's normal
That's actually true, I honestly have that anxiety when holding not only bitcoin but other altcoins and fear of loss aswell. but however, once you get over with it, atleast already experienced with any circumstances happened to your assets, you will be fine, and yes, that's normal since anxiety also considered as human's nature and there's nothing to worry about.
legendary
Activity: 1110
Merit: 1000
"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 fears if all goverments banned this because bitcoin is very important and very profitable for all people likw me so i hope that it wont happen now because im still earning bitcoin i want to help my family to our poverty.
My greatest fear as a bitcoin holder is when my account of coin wallet was being hacked. It really the saddest part of my life knowing that my hard work and sacrifices to earned that coin will become useless and be handed by a thief. Im also afraid when the time comes that i forgot the password of my account, this could be the disgusting part also and for that case I can't blame anyone but myself.
full member
Activity: 257
Merit: 101
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.
My greatest fear as a bitcoin holder is when it hacked by other people because if my people get hacked my efforts will be wasted but I will not let my account get hack so I will surely secure my account that no people will know some informations about my bitcoin account. I fear also that the bitcoin will be banned because if bitcoin get banned, I will lose a job or source of income.
member
Activity: 139
Merit: 11
I'm scared when the time comes that the price of BTC is lower than now. Also that no one already accept BTC as a currency of a money to buy something. And of course get hacked by those criminals.
sr. member
Activity: 339
Merit: 250
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.

I agree with you. Especially with point number 1. Because I'm afraid if there continues to be hardfork in bitcoin will cause bitcoin become unpopular again and can be replaced.
sr. member
Activity: 1372
Merit: 255
I do trust the Bitcoin crypto currency as a whole and I believe price will go moon someday.  But one thing I am afraid of is to have my pc hacked Including my bitcoins. I also have fear of my exchange sites from turning into scam or get hacked.
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