What fears did you have when you first started dealing with Cryptocurrencies? - page 2.

sorrowfulnightcries

member

Activity: 144

Merit: 10

Quote from: Nanoid on January 14, 2018, 11:10:05 AM

When you first went head first into the unknown,what were your thoughts? What were you afraid the most? Huh

I fear of being hacked or unknowingly victimized by a phising sites that will attack me when my investments become more successful. I had a lot of fear the first time I tried cryptocurrencies since I am not techy and well known around the net and about trading. Its a good thing I spend a lot of time here in bitcointalk since I usually got heads up about threats and information that can help my trading ventures.

vKedax

member

Activity: 420

Merit: 10

Like many, I was afraid of losing money. Now I take it more calmly, because there are ups and downs. And if there is a loss of all resources will pass, I'll start again.

czhy20

jr. member

Activity: 129

Merit: 3

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When I started dealing with cryptocurrencies, my most fear is to lose my money. There's been a lot of phishing sites and scams everywhere in the internet. I always read the reviews of every website or services that I use and make sure that I enter the correct website.

yugyug

sr. member

Activity: 616

Merit: 256

when i invest in to cryptocurrency what i fear the most is losing money or should i say, will the altcoins last long? i fear also with bubble but i n the long run when i really understand on how the blockchain work i am now confident with my investments.

slaman29

legendary

Activity: 2674

Merit: 1226

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It took me forever to move from a website wallet service to my own wallet. I kept seeing in chat how people "lost" money, or sent to the wrong address, or their wallet crashed. Site accounts seemed simple and safe, just a username and password that you easily remembered. But then I later understood I could very easily restore my wallets from seed. And that was an even better option, you never worry if the site you use will close down and run with your money.

I've never made a mistake yet, but always remember to double check txs, always keep your seed safe. And you're good to go. I still have my heart beating fast when I make a big spend, always triple confirm.

Xzhyte

full member

Activity: 218

Merit: 101

Blockchain with solar energy

The fear of being scammed and lose my money. All of these are new to me back then, I fear every transaction I make, and I always pray that my money will arrive to my wallet, I always check every digits of my address before making any transaction even though I just copy pasted it.

valnd

member

Activity: 406

Merit: 11

Until the end of time

I had fear that one day everything will close down and my gone. I did not understand blockchain tech and how it works. I was thinking bitcoin is a website kinda of thing... I more like see it like a ponzi IoIz.....

zabisux

sr. member

Activity: 401

Merit: 250

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I never really think about this. hmm. I think it was getting hacked and losing money. Digital money feels interesting but unsecure when you hear it and think about it. Also I am afraid of losing tokens because of ether's weird smart contracts.

Pain Packer

full member

Activity: 322

Merit: 101

Fear of being scammed. Fear that my hardwork will turn into nothing. I hate that feeling. Also the fear of no return investment.

coynedterm

hero member

Activity: 882

Merit: 500

Quote from: Nanoid on January 14, 2018, 11:10:05 AM

When you first went head first into the unknown,what were your thoughts? What were you afraid the most? Huh

My first fear was for only to sell bitcoin , I getted into bitcoin about 2013 and at that time buy and sell of bitcoin was not easy task because not many services were available at that time to buy sell directly but we needed to wait for orders and give orders at sites like localbitcoins.com that was really not better way and also few people were saying that there is chances of scam , so for me a big fear was in my mind that what will happen if I make earnings in big amount but not will be able to sell easily .
But after one to two months I found a person who was from mine country and told me that you can buy and sell any amount of the bitcoin and payment will be instantly , and I found that he was really honest person and still today he is doing work very well of buy and sell .

testingbits

member

Activity: 97

Merit: 10

My fear in the beginning was transfering to wrong adress , being scammed and hacking

rapsa2018

member

Activity: 504

Merit: 10

I'm afraid I'm afraid that I'm still young enough to start crypto currency and I did not know then to pay it or not, when your investment is big enough.

cryptomorphines

member

Activity: 168

Merit: 10

To learning something that might not work in trading? and the fear of losing a lot in trades,thats what i feared when i was starting.

Nikhila

jr. member

Activity: 66

Merit: 1

I and the following fears namely:-
1)lack of support from government which treat crypto traders as illegal drug cartels and get me arrested
2) fear of wrongly entering a pump and dump coin and getting stuck in the bottom of the coin
3)not knowing the exact news of coins to do trading and many lots more

tonyvo2017

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Activity: 526

Merit: 10

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The thing I fear most when dealing with cryptocurrencies is that of networking. I'm afraid that the transaction is taking place, the network I'm using has lost signal. That means my transaction is broken and I do not know who my money will fall into.
I'm afraid the hackers will take advantage of that opportunity to take over my fortune. These are the things I most worry about dealing with cryptocurrencies.

cryptodevs

member

Activity: 182

Merit: 11

Probably the fear of missing out something when there a hype coin then you sold your coins to get the hyped coin and you will lose,and fear of losing a trade.

aznboy84

full member

Activity: 137

Merit: 100

Quote from: Nanoid on January 14, 2018, 11:10:05 AM

When you first went head first into the unknown,what were your thoughts? What were you afraid the most? Huh

I didn't had any fear at all since when i started everything was very cheap, bitcoin was less than $250 if i am not wrong at all. Of course that i haven't bought at that price. But i joined during those times.. I really miss bitcoin at those rates.

patriot_rf

newbie

Activity: 210

Merit: 0

I most of all was afraid that I will lack time to understand all this, but gradually everything comes, the main thing not to force an event

WeedGoW

full member

Activity: 274

Merit: 101

Quote from: Nanoid on January 14, 2018, 11:10:05 AM

When you first went head first into the unknown,what were your thoughts? What were you afraid the most? Huh

Fill with hope and greedy.

Diablesfunis

full member

Activity: 448

Merit: 100

Quote from: Nanoid on January 14, 2018, 11:10:05 AM

When you first went head first into the unknown,what were your thoughts? What were you afraid the most? Huh

For me i'm nervous to send my first bitcoin transaction to bittrex, although the amount is only small but once you send the payment you can't cancel it so there's always a nervous feeling whether i send it to the correct address or not. By now i am already used to it and sometimes i don't even double check it anymore.

Topic: What fears did you have when you first started dealing with Cryptocurrencies? - page 2. (Read 577 times)