Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 50. (Read 7368 times)
I worry about security, security is my main concern when I store bitcoin. There are many cases of bitcoin lost due to the security problems. The second thing is that I am affraid that bitcoin holders will be put in jail by government. Bitcoin holders are treated as criminals. That is what' am affraid. if the government shut exchangers, I am still able to seek other ways to turn bitcoin into cash but when govt treats bitcoin holders as criminals, that's the biggest problem.
"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?
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 dropping of the price is quite risky also but just minimal since dropping price signifies high supply vs. the demand. So it gives a chance to buy more bitcoin in that case.
Another is the possible government regulations thay may hamper the processes or bitcoin usage.
As stated above the hacking of accounts. We know that cryptocurrencies are manipulated by humans then its possible that they may also hack accounts.
And lastly, I guess the volume of people using it is unstoppable. Just wondering if in the future the number of millionaires or billionaires will arise. The world better prepare.
My greatest fear about holding bitcoins is that when time comes that its value will become so much expensive and that I cannot cash out my earnings and developers of online wallets hacked my account. I'm afraid that because of high appreciation of bitcoin people will do everything even illegal things just to earn bitcoin and the market of bitcoin will crashed and devastated.
My fear is in two ways 1. America Government to be against bitcoin and Hackers that are moving to-and-flow sicking wallets to break into and show their stealing talent. As for the price of bitcoin to fall bellow $3000/BTC is sees it as impossible, because bitcoin awareness is getting viral and more people are investing which will keep the price to keep go up.
well as a bitcoin holder the greatest fear in when the bitcoin lose its value or maybe the price will going to 0 and the bitcoin will shutdown and cant recover.because that was really a verry terefying moment .i believe if the bitcoin has its price even a small amount in can rise high that is why theres nothing to be fair .but its price will going to shutdown that was really fear. 
My fear is in two ways 1. America Government to be against bitcoin and Hackers that are moving to-and-flow sicking wallets to break into and show their stealing talent. As for the price of bitcoin to fall bellow $3000/BTC is sees it as impossible, because bitcoin awareness is getting viral and more people are investing which will keep the price to keep go up.
My greatest fear is when someone hack my bitcoin or maybe my country will ban bitcoin thats is my biggest fear
My greatest fear is when bitcoin will turned into dust, no value. And all our investments will turn into nothing, There is still a very low possibility that it might happen in the near future. I just hope this will never happen.
My greatest fear is shutting down bitcoin exchanges in my country or making illegal to use bitcoin in my country because recently my country has banned some of the Currency which people using in one day without any information. Even small news about bitcoin regulation in my country making me to tense.
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. A sudden block of our country to the crypto sites is my fear as well and the banning of cryptocurrency in general because this would also mean that my coin would be worthless if I can't access it or even cash it out. I am still pretty confident right now that it is unlikely to happen in our country because our government has a positive view of bitcoin and just issued a warning to the people to be vigilant but they did not state directly that we aren't allowed to transact it.
Yes, holding a large amount of bitcoin can cause fear. Of course all of the bitcoin holders are scared of getting their bitcoin stolen. But their identity is more important. Identity thefts are a large threat ro bitcoin users. They can get their belongings or important details in life get stolen. They can get their bank accounts and wallet addresses which is really scary. The price fluctuation is not a thing to be scared about because the price of bitcoin will still rise and that is a good sign for bitcoin holders.
I think everyone's greatest fear is that or you get hacked and lose all your bitcoins. Or that the bitcoin will be worthless and you will lose all your money. Because bitcoin is a unstable currency so it is possible to go down very hard 1 day.
My greatest fear is waking up one day to realise that what we have come to believe concerning bitcoin is a myth and not anything close to reality and giving victory to the people waiting for the failure of bitcoin over the years. It will be a very difficult experience in which I must admit, when I wake up every morning and want to check whats going on in the cypto world, the fear just keep repeating itself.
Hackers can easily be avoided by using a paper wallet especially if you are just holding. I'm concerned about my country making the currency illegal or taxing it very high though
My biggest fears in order
1. Exchanges my coins currently in are will get hacked/scam me
2. The alts I hold will go to zero and be worthless
3. BTC will go to zero and be worthless (getting killed by a asteroid has a bigger chance than this I think )
1. Exchanges my coins currently in are will get hacked/scam me
2. The alts I hold will go to zero and be worthless
3. BTC will go to zero and be worthless (getting killed by a asteroid has a bigger chance than this I think )
That bitcoin will go down very much and i will have a lot of loss instead of profit or that bitcoin will be banned everywhere that means that i lose everything and i do not have any more profit or loss but i still lost everything including time.
The only thing that I fear is to get hacked or if bitcoin will end too soon. I hope that bitcoin can last for a long time, so that I can gain more profit and store more bitcoin on my wallet. I'm still learning about bitcoin, so I hope that it can last long or forever.
I think my biggest fear is that there is always the possibility that somebody may steal my BTC no matter how much taking care of security.Hackers have new methods each day and we must always be a step ahead of them.
There is also fear that that something very bad will happen and that price fall very low,but that's always a risk with BTC.One day you wake up and see price of 7000$,next day it may be 10000$ or 1000$.I think the greatest danger comes from the governments,they will try in every possible way to control BTC,and I think they have mechanisms to create great problems for us if they wish.
There is also fear that that something very bad will happen and that price fall very low,but that's always a risk with BTC.One day you wake up and see price of 7000$,next day it may be 10000$ or 1000$.I think the greatest danger comes from the governments,they will try in every possible way to control BTC,and I think they have mechanisms to create great problems for us if they wish.
Biggest fear is that they becomes 1 million each and I sold my coin to early
What are the top risks for Bitcoin holders?
I used to fear Big Blockers, but now there is BCH and they have mostly stopped trying to interfere with Bitcoin.
Probably now the danger comes from people who want to increase the 21M limit or make transactions more traceable for the authorities.
Despite of hackers and spammers the another fear of holfing bitcoins is the price drop. Even the price drop will not affect a lot in the price of bitcoins but still it remains a fear in our mind about bitcoins. Bitcoins will grow some or the other day and we can relia on bitcoins but.
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