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Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 48. (Read 7368 times)

full member
Activity: 252
Merit: 100
I guess the great fears is that quantum computing suddenly comes and that the current cryptography can be easily cracked by it which leads to either a loss of fund or complete panic in the market
hero member
Activity: 1344
Merit: 507
Fear are the methods of governments and banks to control the people and sell them security for a high price called taxes. As bitcoin and other crypto currencies become more and more famous, we will surely see turbulent times, but I as a bitcoin holder and believer fear nothing as it can only become better!
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
I think my greatest fear will be hacking of my BTC account.
Your newbie account? Really? If you want to bullshit us put some effort into it. Tongue

My greatest fear is what happened in China and people are banned from using Bitcoin, happens in my country and I am not able to trade Bitcoin with fiat.

That's not scary at all! Since foreign currency exchanges are still a thing and you can wire BTC all around  the world without problems you are by no means bound to be using local exchanges or local fiat currency to exchange directly. I have accounts on many foreign crypto exchanges and I don't care about my government's actions.
hero member
Activity: 2660
Merit: 651
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My greatest fear as a bitcoin holder are 2.  (1) The hacker situation which stole people off their bitcoin investment. (2) The government,I fear sometime about the government stand and concern when it come to bitcoin because they maybe do something hurt we bitcoiners, you know the politician and their selfish act.
member
Activity: 72
Merit: 10
Crypto Evangelist
I have two fears as a bitcoin holder but i fear security is the most.

1. Government Regulations: I am worried how regulations can change the continued exponential growth of bitcoin. I worry govt's see it as cannibalizing their central bank influence which can result in regulatory challenges.
2. Security: The current landscape is growing so quickly that security is becoming a challenge. With more options available to transact BTC and examples of hacks make me concerned.
full member
Activity: 658
Merit: 108
My greatest fear is what happened in China and people are banned from using Bitcoin, happens in my country and I am not able to trade Bitcoin with fiat.
legendary
Activity: 1036
Merit: 1002
When the price drop into 1$ just kidding when my bitcoin wallet got hacked ofcourse this is the greatest fears i know wthat sacred me too much and also when i send my bitcoin and will send it to another bitcoin adddress lmao
member
Activity: 126
Merit: 10
I think my greatest fear will be hacking of my BTC account.
sr. member
Activity: 360
Merit: 250
My greatest fear as a Bitcoin holder is that the price go down and stuck for some long time in low price. This will force us to wait more and will create more panic about Bitcoin itself. But its hard to happen nowadays because BTC price is rising highly nowadays.
sr. member
Activity: 518
Merit: 271
My greatest fear as a bitcoin holder is all of my bitcoins were gone and stolen by a mere hacker i know some of you got hacked by ten or sometimes a 100 bitcoins that you bitcoin for a thousand dollars although we always secure our bitcoin wallets but sometimes we neglected those nest is although this is not my greatest fear as a holder is btc2x hard fork why? because unlike bitcoin cash this one is different they don't have replay protection so, both chains will vulnerable to replay attacks which could result to loss of funds as a holder i wouldn't let my money lost no one does that.
full member
Activity: 266
Merit: 105
I have only two fears in holding bitcoin which is when its value suddenly drop significantly (i know this is not gonna happen but it is still possible though) and if when i cant cash out my bitcoin aside from those 2 im pretty confident on holding a big amount of money for bitcoin Smiley
sr. member
Activity: 388
Merit: 250
My greatest fear would be for bitcoin to become worthless. All of us are holding it because of its high value and the possibility of it to be higher in the future but then maybe a fortuitous event would make its value lesser and eventually be worthless.
full member
Activity: 364
Merit: 100
Yes, I have a fear of hacking bitcoin, the widespread loss of the Internet or the sudden drop in bitcoin due to some incredible event or an accident, but it's hard to believe in the possibility of this. I prefer not to think about it, but just watch the growth of the bitcoin price.
full member
Activity: 532
Merit: 100
I think as a bitcoin holder and for sure all of us here when we have a bitcoin our greatest fear is only when the value of it got low or decreased much the value because when we convert it into fiat it is a big loss and the only prayer is to increase its valu.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
My biggest fear at the moment is if quantum computing becomes mainstream and hacking the network becomes ordinary.
Am sure then, bitcoin can become worthless as investors shall fear bitcoin.

You can abandon those fears. It will take many years before quantum computers become widely available. By that time bitcoin will be either long gone or upgraded to withstand quantum decryption. If we are to become rich thanks to it we will before quantum computing becomes a real thing. Don't forget that BTC is a software and as that it's upgradable.
sr. member
Activity: 560
Merit: 251
My fear our administration can't acknowledge bitcoin second things pishing links since I hold my 90% coin in my wallet and 10% in exchanger site for general trade yet I trust our administration consider bitcoin very soon
sr. member
Activity: 357
Merit: 250
I believe the greatest fear for a bitcoin holder are:-
  • the government banning BTC it their country:- this could actually cost them all of their bitcoins and the time they spent collecting it.
  • the value of BTC :- one of the biggest fear of BTC holders is that the value is very high and it should not just burst like a balloon.
  • hackers:- people are  obviously scared to lose their earnings to hackers
full member
Activity: 365
Merit: 108
My greatest fear is that the not to dump too much price of btc.the second fear is that the not hacked my wallet beacause nowdays the hacker hacked  many wallets.And the third one fear is the banned on btc in my country.beacause if it happens then i couldn't cash out btc in my local currency.And lost my all btc.but i wish that any of this three things never happen with me and anyone. Cheesy
legendary
Activity: 3556
Merit: 9709
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The security of my coins is spot on so I guess my biggest fear is sitting here, watching the price go up, up, up & thinking it’ll continue to only go up. I guess I’m basically scared of waiting for a magic number where I’m happy to sell but for a massive dump to come & bitcoin to end up being a bubble where I lose a huge amount of money.
newbie
Activity: 32
Merit: 0
As a Bitcoin holder, my fear is that I wont be able to cash it out to my local currency. The options in my country is very limited and those available now are taking advantage of that with absurd fees. Second would be hackers. Because it is digital, it is very prone to that. Lastly, I am most afraid of the thought that one day it won't have any value. Similar to what happend to the Tulip Mania.

In any investment, we all have our fears. But we take risks because that's what investing is all about. It's up to you on how much risk you can take and how you manage it.  Cool Cool Cool
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