What Are Your Greatest Fears As a Bitcoin Holder? - page 47.

kaloloy

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Quote from: aml007 on November 08, 2017, 06:29:13 AM

I agree with one of the previous comments, selling too early is the biggest fear, it’s the what could of been that will haunt you.

Mr. Satoshi Nakamoto said to his white paper that Bitcoin will have a value of $100k as it's peak so when you sell it when the value is low the you'll be hurt because you're giving up the only thing that could make you rich in the future.
Bitcoin volatility is very high but people are still using it so there's no need to worry about Bitcoin price will drop continuously.

kaloloy

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Activity: 238

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The only common fear as Bitcoin holder or investor is when Bitcoin will have no value at all. You're investing a lot of money from the start and ends up nothing. Bitcoin and other cryptocurrencies are intangible and stored into intangible wallets so the volatility is very high. If happens to be hackers can penetrate all ledgers in the world at once then Bitcoin will be doomed.

adjudicator

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Activity: 281

Merit: 100

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?

Actually you have a point, but for me the biggest risk of a bitcoin holder is the price or value of the bitcoin because it is always changing sometimes it will go up and sometimes it go down.

aml007

jr. member

Activity: 59

Merit: 10

I agree with one of the previous comments, selling too early is the biggest fear, it’s the what could of been that will haunt you.

super5star

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Merit: 100

Quote from: Hotrod_88 on November 06, 2017, 06:49:53 AM

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?

My biggest fear on bitcoins is when it totally losses its value, because all of my hard works will end up into nothing as in zero if that happen. Imagine all those tears that I've work to gain bitcoins, I trade I do signature and bounty campaign and twitter campaigns also just to gain a lot of bitcoins because it is a great source of money. And if that will become worthless I will start from scratch because all of my money are in there. And also when bitcoins will be banned in oir country what I dont know how will I handle that kind of stuffs because this keeps me financially stable.

Well it is hard to decide to answer which of your fear, all what needed is to be sure that bitcoin will not lose its price, don't get scared because people are favoring it due to the ease and comfort it is providing to them, making them able to be rich in very short time, secondly if your country bans it don't be worried soon they will lift it because they know bitcoin is the only source for unemployed people to earn and meet their financial needs

thecodebear

hero member

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Merit: 848

i have no fears about holding bitcoin long term. I guess my biggest concern would be selling too early. Like selling too much at $100k and then it goes to $500k

Shiversnow

full member

Activity: 688

Merit: 106

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?

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.

ubay

full member

Activity: 728

Merit: 101

what am I afraid of? none at all. I'm very optimistic about the future of bitcoin, let's remember how the internet was first discovered. yes, no one thinks it. but look now, that's what will happen to bitcoin later.

emberbekas

legendary

Activity: 1904

Merit: 1000

Got hacked or deceived are the two main fears that I have as a bitcoin holder. I can't use bitcoin directly to buy stuffs and things, I have to convert it into fiat which mean I have to send my bitcoin to exchanger. I don't know what will happen if one day the exchanger will run away with my money.

dali_masmoudi

full member

Activity: 210

Merit: 100

One of my fears is that I wake up one day and I find out that Bitcoin is back down to 100 USD.
It will be really a disaster in the crypto economy but everything is possible. According to some studies which says that crypto is temporary and will not last like real currencies.
Also my second fear is that I find out that I am hacked and lost all the amount that I have.

Domenc

sr. member

Activity: 434

Merit: 250

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?

Using bitcoin comes with a fear when you think whether to trust this investment or not . The biggest fear of any bitcoin holder will be , what if the wait was not worth it and the price of bitcoin drastically falls . Many other reasons are also there which scares the holders . If their country bans bitcoin then tat would be a big problem for any bitcoin holder . Moreover while trading , there is always a fear to get indulged with scammers .

JTPhotography

member

Activity: 112

Merit: 11

My fear is that it will be destroyed from within by the very people who are controlling it, ie the fork drama. With so many millennials involved, there are bound to be problems, as they have been conditioned to inject Facebook-like drama into every aspect of their lives. I was listening to a podcast about the upcoming fork, and two 30 yr olds were arguing, sounded like an episode of the Kardashians.... “ok, sooooo, I know right!!!!”. I thought, bitcoin is doomed.

Hotrod_88

full member

Activity: 420

Merit: 100

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?

My biggest fear on bitcoins is when it totally losses its value, because all of my hard works will end up into nothing as in zero if that happen. Imagine all those tears that I've work to gain bitcoins, I trade I do signature and bounty campaign and twitter campaigns also just to gain a lot of bitcoins because it is a great source of money. And if that will become worthless I will start from scratch because all of my money are in there. And also when bitcoins will be banned in oir country what I dont know how will I handle that kind of stuffs because this keeps me financially stable.

Gracie12

member

Activity: 128

Merit: 10

I'm worried Bitcoin will collapse, and then I will have nothing, but in the short term should not because Bitcoin is now recognized by many people, the price is not very high.

Bakemat

sr. member

Activity: 779

Merit: 250

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?

There's many run in my mind that might happen in my bitcoin and it is true that im scared to happen it. first if my all bitcoin was get hacked by others users or got scammed,but the most is when the bitcoin gone .if the bitcoin disappear all my invest and my money turn out to bitcoin its like my dream fall. because if that happens i dont know where to start again .but i hope its not happen.

Cremeboy

member

Activity: 102

Merit: 10

My greatest fear is security breaches. Also if it delves off expectation towards the negative then that would be even much greater.

oegarod

sr. member

Activity: 602

Merit: 252

As an bitcoin holder I fear of the uncertainty nature. If someone asks what you have for living all that I can say is bitcoin. Because, I have started to have all my savings in the form of bitcoin. If something happens out of prediction surely I'll be facing a great collapse in my living.

mhayandal

member

Activity: 308

Merit: 10

my greatest fear about bitcoin is when someone is trying to hack and scam my account all of us are suffering from that kind of modus online and also there are government and central banks from various countries are started to banned and eliminate for using of cryptocurrrencies or digital money.

Shinza

member

Activity: 72

Merit: 10

Bitcoin is virtual currency, operating on the internet. So all the bitcoin bosses are afraid of hackers, scams and at times the value of bitcoin is down.

kevpantof

sr. member

Activity: 491

Merit: 250

Quote from: bebejhen on November 02, 2017, 10:49:54 AM

I believed that the biggest fear of a bitcoin holder like me is to lose its value. I believed most of us has the same fear. Bitcoin is risky. We all knew that. We will never know when its price get high or when it lose. We are just trying our luck because we know and we believe tgat by investing in bitcoin we can have a better future.

Yes you are right as a bitcoin holder I myself have this fear of losing value. Bitcoins in today's market are the most highly valued cryptocurrency. But there are equal possibilities of it losing the market price in the upcoming few years due to various reasons such as involvement of government.

Hence it could be declared as a risky thing and it is synonymous to trying our luck with the positive Vibes to get the best results possible.

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