What is the risk of holding Bitcoin? - page 28.

South Park

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I am terrible at Fantasy Football!!!

Quote from: DBronze98 on December 15, 2017, 11:06:58 PM

Quote from: Sorayacrash on October 15, 2017, 10:54:59 PM

As I said in the title. I was interested in putting my money into Bitcoin because of the ever-increasing price.
But I want to know what the biggest risk is to hold Bitcoin?

The biggest risk you keep bitcoin depended on is you buy it at any price. If you buy at too high prices, you risk a lot more than those who buy bitcoin at a lower price.

Unfortunately for you is you decide to not take advantage of the opportunity when the price of bitcoin was very cheap then that is not bitcoin fault but our own fault, and as such if you want to make money you now need to take the risk of buying at prices as high as 19k.

Gotottack

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Quote from: BlackRock on December 16, 2017, 12:34:29 PM

For me the risk of holding bitcoins, is there are more possibility that it can be hacked by hackers if well not protect or secured it very well, and i think the risk of holding bitcoin is to forget the private key of our wallet, and last risk holding bitcoins is the stability of price of it it can be decrease and it can also increase

True! In that sense, you will lose absolutely everything you have and you may never find out who the culprit is since everything in the blockchain technology is heavily encrypted. Hence, you have to first and foremost prioritize securing your Bitcoin accounts and wallets.

But as for me, apart from what you have mentioned, the risk I am most afraid of is when the price of Bitcoin will greatly decline. I am most anxious about it considering the fact that its value is constantly fluctuating giving a semblance of a bubble that may just pop at any time. I am not saying I am losing faith on Bitcoin, what I am saying is we never know what to expect; and, the bigger your wealth becomes, the greater your risks as to whether it is still a time to hold or to sell.

BlackRock

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For me the risk of holding bitcoins, is there are more possibility that it can be hacked by hackers if well not protect or secured it very well, and i think the risk of holding bitcoin is to forget the private key of our wallet, and last risk holding bitcoins is the stability of price of it it can be decrease and it can also increase

akash15785

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If you want to know my opinion about it, there's always some risk in holding any cryptocoin in longterm basis. Successful crypto owners buys it in the dip and sell then in rise..

Rest is your choice..

watchbay30

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Quote from: Brahuhu on December 16, 2017, 02:31:15 AM

Todays risk on holding bitcoin is that when prices drops , but when prices goes up thats good enough , i cant see any risk right noe due to stability of price there is no huge downfall or increase on todays price so as of now you can still hold bitcoins.

if you take into account this year's rally for bitcoin it does seem like there is minimal risk involved. but holding btc is the same as holding any other currency, so the risk is the same. don't do the mistake of thinking that bitcoin is never falling and always rising.

joesan2012

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Every investment has always a risk, you should consider that, hodling bitcoin also has a risk, what if the price dump? surely you will loss your money but for me hodling bitcoin is much better than hodling altcoins. As you can see , bitcoin is in mainstream. Cryptocurrency is full of "IF's". What if I hold my 1 bitcoin ,shall we say since 2016 and now it's almost a million then surely I am almost millionaire right now .. But the fact is bitcoin price is unpredictable ,we should know that.. Alwasy remebet Invest what you can afford to lose. Thats all.

Noore Najjar

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Quote from: Sorayacrash on October 15, 2017, 10:54:59 PM

As I said in the title. I was interested in putting my money into Bitcoin because of the ever-increasing price.
But I want to know what the biggest risk is to hold Bitcoin?

Regardless of Bitcoin’s great annualized returns since its origin clinched alongside 2009, the truth will be that those coin may be still to its outset and nobody knows if it will by any means turn into Comprehensively acknowledged alternately if it will in the end vanish. This vulnerability encompassing Bitcoin’s future is reflected done its value instability.

krayzie32

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just risk for people who just join and buy bitcoin. for who hold bitcoin from 2k$ like me I think we dont have any risk in here. jsut set some protect order so even price fall down more than 5k I still have good profit.

StonedWolf

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Personally, I think there is no risk in bitcoin's holding since the value is always increasing, and according to the matheratic models build, we estimate that this virtual money still have an important hidden potential and the value is still rising. In another hand, it is necessary to take a little time of observation and analysis. To conclude, according to statistics and requests that this large number of people who have been investing these money in bitcoin can not be wrong.

BumbleBeast27

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The most obvious risks would be potential hacks and price depreciation. Both are unlikely to a certain extent, but still possible.

hritevanz

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Quote from: Sorayacrash on October 15, 2017, 10:54:59 PM

As I said in the title. I was interested in putting my money into Bitcoin because of the ever-increasing price.
But I want to know what the biggest risk is to hold Bitcoin?

Putting some money in bitcoin due to it's continuously increasing of value is fine because it is true that you will double your money in the future. But we cannot deny the fact that bitcoin will be able to experience the dump and pump again and it was all because of the investors and the demand of bitcoin in the market. However, this past few days, I have observed that bitcoin's value is continuously dropping with 1% but now it gave us unexpected increasing of value today which has a value of $18,149. 36 with the percentage of 4.09% and we all wonder what would be the real reason behind of bitcoin. And now all of us are wondering what would be the highest value of bitcoin this year.

Fazlurkhan.kz

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The risk of holding bitcoin is that your wallet in which you are storing your bitcoins, if not secured can get hacked and all your holdings would get stolen. Or there could be a ban in your country on bitcoins but that is not a real risk as you would still be able to sell to holders of some country. And maybe there could be a time that all the government officials tie up and together try to bring down this decentralized currency, bitcoin. And there might be times when the value of bitcoin may be nothing, maybe for a long time, maybe. But then too as the history of bitcoin says it'll rise again.
So you see there are no big risks of holding bitcoin unless you don't have well secured wallets and only you can be the only one who has all the control on your bitcoins to keep it safe! Wink

barbara44

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Quote from: jdeanne92 on December 14, 2017, 06:35:50 AM

If you have little money left and you invest it on bitcoin then the biggest risk would be getting financially down. Just balance the money you can invest and the money you need for daily expenses

This is so blessing. One must keep the balance of what he is investing in bitcoins and what he have in his pocket right now. Like if simony is investing a little appoint that absolutely means that he doesn’t have enough amount for his daily needs too.

So keep your beam of finance in balance. Try to invest but only that amount that makes the rest for your living. Balance is necessary.

DennisStoff

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the risk from holding bitcoin is lossing your bitcoin, you must be dilligent to control your bitcoin and make sure your btc in safe wallet. don't let anyone know your password or private key because you will get lost all your btc if yoir private key known by others.

bigmaster23

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Holding some BTC resounding to some people who have some interest on you,but it can exposed their to cryptoworld who knows your next door neighbor have all the potential to earn a lot of BTC.

Osarman

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Quote from: tamoymie on December 14, 2017, 06:15:50 AM

i dont think its risky. as long as you still have funds on your pocket to spend. i always belive that bitcoin investment is never too late, never will be waste and never will loss. so, holding a bitcoin my friend is actually an advantage today. check how it pumps on a weekly base. youll be amazed

Well, that’s true, there is nothing wrong with holding Bitcoin as of now, because the price keeps on going up. But, have you forgotten that the price won’t be up forever, a time is coming when the price will actually fall to a lower rate, and as it is now, when the price will fall, it will, likely, be falling heavily. That’s why it’s good to make sure that you’re withdrawing your profits regularly.

Brahuhu

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Todays risk on holding bitcoin is that when prices drops , but when prices goes up thats good enough , i cant see any risk right noe due to stability of price there is no huge downfall or increase on todays price so as of now you can still hold bitcoins.

btcmegastar

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Quote from: DBronze98 on December 15, 2017, 11:06:58 PM

Quote from: Sorayacrash on October 15, 2017, 10:54:59 PM

As I said in the title. I was interested in putting my money into Bitcoin because of the ever-increasing price.
But I want to know what the biggest risk is to hold Bitcoin?

The biggest risk you keep bitcoin depended on is you buy it at any price. If you buy at too high prices, you risk a lot more than those who buy bitcoin at a lower price.

If you buy them at a higher price better to hold the Bitcoin until it's price increases. As long as you hold the coin it will give you good returns because many people are expecting some good growth in the Bitcoin in coming days.

cotton ball

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Quote from: South Park on December 15, 2017, 06:40:39 PM

Quote from: Osarman on December 09, 2017, 07:58:44 AM

Quote from: cryptokitty on December 07, 2017, 07:48:40 PM

I think the greater risk would be investing at the higher price then all of a sudden the price will go down, you will definitely get a loss with that situation and will hold your btc until it pumps again and gain a profit.

But you have a complete authority of keeping yourself away from this loss by simply keeping it in wallet and by avoiding selling it at cheap arts. Panic selling is only done by newcomers otherwise, old investors always enjoy dumps because this is the golden opportunity for them about grabbing this coin at low rates. They don’t buy bitcoin when it is going through pump, they garb it when newbies sell it in panic.

This in theory holds true, but there are many people that never learn their lesson and they are always trying to earn money in the short term without having the knowledge about how to trade, and they keep making the same mistake of buying high and selling low and that is the surest way to bankruptcy.

Not able to cope with panic when bitcoin has a steep downtrend is definitely experienced by all users, but the most important is the biggest loss for people who invest in bitcoin without wanting to learn more about the fluctuations and methods of trading/do not want to know. Price fluctuations must be actively monitored and traders can determine the right order when the issue and the strength of intense movement is seen.

DBronze98

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Quote from: Sorayacrash on October 15, 2017, 10:54:59 PM

As I said in the title. I was interested in putting my money into Bitcoin because of the ever-increasing price.
But I want to know what the biggest risk is to hold Bitcoin?

The biggest risk you keep bitcoin depended on is you buy it at any price. If you buy at too high prices, you risk a lot more than those who buy bitcoin at a lower price.

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