Actually, what you wrote above has answered your question.
But okay, I'm one of those who traded bitcoin, and the thing I'm most afraid is a disaster that will turn off all the electricity, that means no internet! and it can happen anytime. Another scary thing is the richest man who buys all the bitcoins and never sells them! Looks like he locked Bitcoin in Davy Jones's locker.
Topic: What Are Your Greatest Fears As a Bitcoin Holder? - page 51. (Read 7370 times)
My fears us a bitcoin holders is the value,
when the time comes bitcoin losing value or going to deep dump.
when the time comes bitcoin losing value or going to deep dump.
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
Hahahaha - all four are baseless heeheheehee thank you for tickling my funny bone.
All four addressed: Governments powerless to control bitcoin, bitcoin for almost a decade always had exchange value globally, bitcoins scarcity and resilience against THOUSANDS of other cryptos underlines the point you will not see a perpetuous fall of Bitcoin, and wallets are designed pretty safely but must always beware of operator error.
Things to be more feaful about is fiat-debt-slavery system:
Central banks control and have a MONOPOLY on credit/currency issuance in each country.
Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin.
They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned.
Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength.
Bitcoin keeps growing and growing in every country.
The people around the world are becoming too smart in seeing through the fiat currency schemes.
And it has become clear that...
Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.
Bitcoin cannot be made illegal. Governments may still attempt to do so.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019
WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES??
CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping
https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20
Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.
Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.
Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.
On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.
Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Be wary of things outside of bitcoin especially when other things start throwing around the word 'blockchain'.
A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!
BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!
BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.
All four addressed: Governments powerless to control bitcoin, bitcoin for almost a decade always had exchange value globally, bitcoins scarcity and resilience against THOUSANDS of other cryptos underlines the point you will not see a perpetuous fall of Bitcoin, and wallets are designed pretty safely but must always beware of operator error.
Things to be more feaful about is fiat-debt-slavery system:
Central banks control and have a MONOPOLY on credit/currency issuance in each country.
Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin.
They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned.
Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength.
Bitcoin keeps growing and growing in every country.
The people around the world are becoming too smart in seeing through the fiat currency schemes.
And it has become clear that...
Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.
Bitcoin cannot be made illegal. Governments may still attempt to do so.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019
WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES??
CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping
https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20
Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.
Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.
Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.
On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.
Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Be wary of things outside of bitcoin especially when other things start throwing around the word 'blockchain'.
A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!
BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!
BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.
Of course if bitcoin loose its value because we all know that there is a big possibility to disappear bitcoin and that is my greatest fear and i do not like to happen in the future because bitcoin is my best source of income nowadays.
I don't fear that the value of bitcoin may drop so low because I am sure if that happen it will pump again after few days or weeks, what I am worried about holding my bitcoin in a long run is that developers of bitcoin wallet may tempt to hacked the account of most holder if the value of bitcoin increases very high and also I am afraid that if not the developer another people were able to get our account and also our bitcoin.
My greatest fear would be none--for I know that bitcoin will continue to thrive for it is just starting if ever it will shy away from the limelight surely there will be a new coin that it will take its reign. I can clearly see the future and it is bright due to bitcoin, we just need to believe and trust the system, but not to the point of staking your future to it, all we need is balance. Early adopters are happy, so must take an example to their success.
I fear that bitcoin will just disappear out of nowhere. Like bitcoin will be banned and our savings will only be removed just like that because it's just a digital cryptocurrency.
Although, I know that its impossible to happen with this generation. But still, we may never know how long digital currency will last.
Although, I know that its impossible to happen with this generation. But still, we may never know how long digital currency will last.
Fear can only harm you, if you do not manage it correctly. If you for example invested $10 000 and you traded by buying low and selling high and you kept the profits from these trades until you re-cooped your $10 000, then you have no risk at all. If anything happens, you reached your ROI and whatever happens after that is pure profits with zero risk.
Work hard to cover your initial investment and be risk free. ^smile^
Work hard to cover your initial investment and be risk free. ^smile^
My greatest fear as a bitcoin holder are the scams that are frequently happening right now. More and more of them are emerging just to get bitcoin from us, they do all sorts of things to make you believe that they are legit and will deliver positive results from your investments. Only to know that at some point in time they will suddenly disappear and you will be left with nothing and can't really do anything to make them pay for what they did.
As a bitcoin holder my greatest fears are :
a. When my bitcoin wallet will be hacked or my password being stolen, this is my greatest fear because opportunist are everywhere and they are very smart in doing this because of there self interest.
b.When the government will ban bitcoin in my country.
c. When bitcoin is not acceptable in any exchanges and have nowhere to cash it out.
d. When the value of bitcoin falls and never increase its value.
a. When my bitcoin wallet will be hacked or my password being stolen, this is my greatest fear because opportunist are everywhere and they are very smart in doing this because of there self interest.
b.When the government will ban bitcoin in my country.
c. When bitcoin is not acceptable in any exchanges and have nowhere to cash it out.
d. When the value of bitcoin falls and never increase its value.
My top two fears as bitcoin holder is first my country is starting prohibit all activity in bitcoin such trading, investment etc.
It will be no 1 of my fear.
The second is bitcoin price is going dump dump and dump till no value.
It will be no 1 of my fear.
The second is bitcoin price is going dump dump and dump till no value.
"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?
When you invest in anything including btc, the biggest fear is definitely the price drop. However, for btc, it is also alarming that the government issued a btc ban. Perhaps, we all do not want this to happen, but in fact some countries have done so. 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?
"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?
I'm not a bitcoin holder because i'm still earning and i know someday that i'll become bitcoin holder for me my biggest fears if the internet on bitcoin is shutdown because maybe the value of bitcoin goes again in 0 and it's a big disaster. 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?
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.
My biggest fear as a Bitcoin holder is 1,000,000 Bitcoin, which is said to be owned by Satoshi, the creator of Bitcoin. It is the most frightful situation for me to put it all on the market and collapse the price. I am not afraid of anything else but when I think about it 
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.
Yup. The hackers and scammers presence, and fear of exchange sites shout down either by exchange authority or by the govt in the country and at time long internet break fall. I am sure, everything has its plan B. Lets always focus on it which will not stop us from being with bitcoins. 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.
Well my greatest fear as bitcoin holder is that loosing the wallet address due to system crash and missing the pass key along with all the saved bitcoins in the same wallet and realising that our bitcoins is worth millions and we cant help it due to loss of the key password and missing wallet id we have.There are even hackers who steal bitcoins from online wallet and take the bitcoin so is one of the reason in which online wallets are not safe.Another fear is that what if some day its value crash and everyone stop taking btc but i don't think such thing will happen as bitcoins are running smoothly and such things will never happen.
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.
Do not worry about this, I believe the bitcoin will last long enough we are to die, so believe in it in 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?
As the bitcoin holders my greatest fears is the bitcoin will might be destroyed or disappear. Altough is impossible for now maybe next year maybe next next year? We dont know what will happen next what if there's an problem that really serious and make thay bitcoin crisis and make people panic. So as an bitcoin holder if that happens all my investments and my holsings will be done for nothing all my bitcoin that hold for many years will become useless 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 fears as a bitcoin holder is if the price if every bitcoin falls down..and maybe the phillipines will ban the bitcoin because for me it's a great help to the future of a family. so it's frightening to think but the scary I will confuse In a scam there is still a lot of bad guys.thats why if i have a bitcoin i hold and cash out and use the money
Well, I do have a fear also of banning bitcoin in the Philippines. If in case it will happen (i hope it won't) then a lot of Filipinos will find it hard to accept the situation since bitcoin is part of our daily lives. Most of bitcoin users only rely their income through bitcoin even if they have stable job.
Jump to: