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Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 46. (Read 7368 times)

sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
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
The greatest fear a bitcoin user will fear is when the price will drop so low and all of the bitcoin will be useless. I mean especially when a person has decided to invest big amount onto it. It will be depressing if time will come that bitcoin will drop and soon to end. And also if users will lost some of the bitcoin that has been holding for a long time expecting for it to earn big.
full member
Activity: 168
Merit: 100
As a bitcoin holder and frequent user of wallets i always fear that a virus gets into my pc thus divulging my passwords and emails to whoever who owns the control of that virus , so i never try to download from internet or access any shady websites with my pc fearing that my money earned with a lot of hard work goes in a blink of an eye . Everyone who got a wallet should secure it as much as possible and setup 2 steps authentication methods and recovery phrases to ensure that he'll never loose his money . 
legendary
Activity: 1526
Merit: 1179
The only thing that fears me in the world related to my bitcoins, is that there is a thunder going by my house and that my computer gets destroyed. The part of the bitcoins which I keep in a wallet would be lost, and I would obviously be really sad of this...
No serious hodler will ever store his coins on his PC or laptop. You should use a hardware wallet, or at least find a way to engrave your private keys on something that's durable under various circumstances.

I have a hardware wallet where I store my coins in, and the seeds are stored in various places in my house in either paper form, or engraved in a silver bar. In this case the seeds are the most important thing.

If a hardware wallets corrupts, or just doesn't work anymore for whatever reason, you can always purchase yourself a new one, and recover everything with the seeds you have properly stored.
full member
Activity: 322
Merit: 105
My fears would be when the time comes the price will drop so low and so long, I hope it won't ever happen. And also if I wouldn't be able to cash out my bitcoin when i will be needing it most. And the worst scenario is when there is no internet I can't imagine losing my bitcoins.
hero member
Activity: 1078
Merit: 507
An unexpected dip in Bitcoin at the time when i need them most is one of my biggest concern while holding Bitcoins. Investment in Bitcoin is surely a profitable deal but unexpected dip in the market can give Bitcoin Holder great loss. Moreover, regulations by the government is also a greater concern as they can impose a ban on crypto at any time.
legendary
Activity: 1120
Merit: 1004
The only thing that fears me in the world related to my bitcoins, is that there is a thunder going by my house and that my computer gets destroyed. The part of the bitcoins which I keep in a wallet would be lost, and I would obviously be really sad of this...
member
Activity: 126
Merit: 10
I am not afraid about government banning or anything. But only the scalability issues with Bitcoin. The transaction fees are very high and people might start looking for alternatives with way lesser fees and instant confirmation. I guess that was what Segwit2X was aiming for. If these problems are resolves than Bitcoin will go to the moon!
I am not apprehensive about government restricting or anything. In any case, just the adaptability issues with Bitcoin. The exchange expenses are high and individuals may begin searching for choices with way lesser charges and moment affirmation. I figure that was what Segwit2X was going for
newbie
Activity: 39
Merit: 0
If there is something beneficial, then there must be something looser also. The greatest fear of bitcoin is that it may not be sold when you need money for your own usages.
sr. member
Activity: 392
Merit: 257
There are many fears like your wallet being compromised and you have lost all your hard earned bitcoins but this will be unlikely only if you keep private key safe.And bitcoins price has gone down below the price at which you have bought them.But my greatest fear is that bitcoins value jas became zero which is almost impossible but you never know.
sr. member
Activity: 434
Merit: 252
I am not afraid about government banning or anything. But only the scalability issues with Bitcoin. The transaction fees are very high and people might start looking for alternatives with way lesser fees and instant confirmation. I guess that was what Segwit2X was aiming for. If these problems are resolves than Bitcoin will go to the moon!
newbie
Activity: 2
Merit: 0
Interesting how people have all these fears when it comes to bitcoin but trust the monopoly money they use everyday. Smiley
sr. member
Activity: 254
Merit: 250
https://www.soar.earth/
I am a bitcoin holder and I got some negative comments often from some bitcoin haters.Firstly, bitcoin can be dead at any time.I don't know why people said this but it's not a good thing.Secondly, government has banned bitcoin so if I found using bitcoin then government can send me to jail and It's really the greatest fears of mine as a bitcoin holder.Thirdly,I have seen many people who's bitcoin wallet is hacked by anyhow and I really sacred about it.I stored about 3BTC by my hard work and I really can't afford to lose it.

Yes, I agree with you. I don't afraid of bitcoin dead. It can't happen. But I'm scare of illegal. If Government quods Bitcoin holder, that's terrible for me.
sr. member
Activity: 1694
Merit: 268
Binance #SWGT dan CERTIK Audited
I am a bitcoin holder and I got some negative comments often from some bitcoin haters.Firstly, bitcoin can be dead at any time.I don't know why people said this but it's not a good thing.Secondly, government has banned bitcoin so if I found using bitcoin then government can send me to jail and It's really the greatest fears of mine as a bitcoin holder.Thirdly,I have seen many people who's bitcoin wallet is hacked by anyhow and I really sacred about it.I stored about 3BTC by my hard work and I really can't afford to lose it.
hero member
Activity: 1750
Merit: 589
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.
If you are going to convert your Bitcoin into dollar for you to cash it out , one problem you may experience is finding a suitable exchanger and wallet for you to have a transactions for it. But it is easy if you are going to learn how to trade for you to know each steps of transaction for you to calculate at the same take your profit and earning every time you mange to deal with your target price and perspective value to transaction on.
full member
Activity: 218
Merit: 101
Blockchain with solar energy
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 when price is crashing, it's really a bad feeling when you watch your money's value decrease by a large amount.
full member
Activity: 574
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?
the fear when holding bitcoin is when bitcoin no longer has the selling price and bitcoin is not in the interest of everyone, that's what I fear when having bitcoin because it can make the price plummet to be very cheap and cause a lot of losses, I hope it is not will occur.
member
Activity: 93
Merit: 10
The fear of every bitcoin holder is that you wake up one day and see that bitcoin is not worth anything. This would give some people heart attacks because they have invested in btc a lot.

This is also one of my fear for bitcoin. It is unstable but yet profitable.
member
Activity: 105
Merit: 100
Get your share of the future
"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 only thing I an afraid of is being hacked and losses my account. Like seriously. That's why I am very careful in using bitcoin nowadays and I never look up any url that were sent to me by the people I don't trust because who knows what will happen to my computer if I ever click those links.

I'm also afraid of being hacked. some of my friends wallets have been hacked and it increased my fear.
hero member
Activity: 868
Merit: 535
I agree with what you have pointed out earlier regarding hacking and scams. Indeed, these, to me, remain to be the top two greatest fears I have as a Bitcoin holder. Imagine ever waking up one day knowing that you can no longer access your account because it has been hacked by someone else? With that, you lose whatever Bitcoins you have because your Bitcoin wallet has been zeroed. Perhaps, as we all know, we invest at our own risks because there are no rules and regulations as regards our Bitcoins.
hero member
Activity: 728
Merit: 502
My greatest fear is security breaches. Also if it delves off expectation towards the negative then that would be even much greater.
Well I would like to say that don’t be afraid of the lose and the bitcoin is now being very safe and the best currency I can see how fast the bitcoin is getting secure and the safe bitcoin. I can see the bitcoin has a lot of the wallets and this is the best thing to have the bitcoin at the same time. Bitcoin is the secret as much as we want and it is the money saving resource as well for a lot of the people.
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