What is the risk of holding Bitcoin? - page 51.

MRY

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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 risk of holding bitcoin for the long term may be the price that suddenly goes down and rises with a long time so we will lose because the price has not risen yet

phpartisanmaster

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Quote from: vegethegreat on November 05, 2017, 10:57:48 AM

Take note that bitcoin price always has a pumps and dumps, so if you been careless when you buy bitcoin theres always a possibility of loosing your money for me thats the risk. So be careful, study and analyze first before investing in bitcoin.

It is normal that the price is volatile because it depends on the supply and demand but for some other coins you really need to have a good analysis before investing to know if the certain coin has a potential to grow before investing.

Open4lies

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Quote from: Oasisman on November 05, 2017, 11:08:23 AM

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 time you put your money into, its already one of the biggest risk. Because the value of Btc is unstable no one knows when it will fall or rise, it might gave us a hint when will the btc value change but its not always accurate. Plus your wallet security. Hackers are always around the corner.

That is the risk of digital currency and crypto currency, any currency use internet for transaction always face the risk from hackers. Therefore, if you want to secure your money, you need to have a computer can guarantee no one can access your computer through any way and only you can access this computer, use 2FA in a phone without internet, SIM card to help you avoid virus. Wink

Oasisman

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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 time you put your money into, its already one of the biggest risk. Because the value of Btc is unstable no one knows when it will fall or rise, it might gave us a hint when will the btc value change but its not always accurate. Plus your wallet security. Hackers are always around the corner.

vegethegreat

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Take note that bitcoin price always has a pumps and dumps, so if you been careless when you buy bitcoin theres always a possibility of loosing your money for me thats the risk. So be careful, study and analyze first before investing in bitcoin.

eann014

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Quote from: Osarman on October 24, 2017, 05:31:34 AM

Quote from: xenxen on October 22, 2017, 10:31:57 PM

the biggest risk to hold coin is putting your all fund in a wrong coin. theres have a coin that in the first place the price is ok but in the other day the price of this is became priceless...sso its better to search and review your coin before invest and hold..

In my opinion, there is no such risk if you are holding your bitcoins for long time until and unless you have bad habit of getting panic at the time when the prices are falling down. If you are patient and you think you can control your nerves well, then there is nothing bad in holding your bitcoins for long period of time. In fact, this will add much more money in your account than any other thing.

I agree, holding bitcoin is the best way to earn in long run and holding bitcoin is tge safest way than other things right now. If you don't want to take risk, buying bitcoin and holding, only has small risk. It is up to us if we don't have a lot of patient.

iphone5s

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Quote from: usorin on November 04, 2017, 11:10:05 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 price goes up and down, the biggest rick is that you lose your patience and start make transactions in the worst time ever, in rest everything is good, here next to bitcoin.

Just be less patient if it sells Bitcoin at a falling price and is in a hurry Wink

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Quote from: Aleator on November 04, 2017, 11:34:41 PM

Quote from: FUD Expert on November 04, 2017, 11:01:18 PM

The risk that I can see on holding btc is getting hacked and nothing will be left. There is a possibility that when you are checking or transferring your btc is they have already injected a malicious virus that will take control of everything.

hacked ? this is will happen to user who doesn't use additional security for they account, and almost all wallet and also exchanger have this, even the hacker know your account the second security is needed if he want to withdraw it.

For me hacking your wallet is your own fault. We all know that having bitcoin is like having our own bank. So it you don't protect it, someone will take that away from you. And used a wallet like Electrum that is safe and secure. As for letting your bitcoin just sit on exchanges, specially huge amount, that idea is not good because when a likelihood that it is hacked then all your bitcoin will be stolen. So you need to be careful where are you going to hold your bitcoins. We have our own responsibilities.

Aleator

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Quote from: FUD Expert on November 04, 2017, 11:01:18 PM

The risk that I can see on holding btc is getting hacked and nothing will be left. There is a possibility that when you are checking or transferring your btc is they have already injected a malicious virus that will take control of everything.

hacked ? this is will happen to user who doesn't use additional security for they account, and almost all wallet and also exchanger have this, even the hacker know your account the second security is needed if he want to withdraw it.

usorin

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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 price goes up and down, the biggest rick is that you lose your patience and start make transactions in the worst time ever, in rest everything is good, here next to bitcoin.

FUD Expert

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The risk that I can see on holding btc is getting hacked and nothing will be left. There is a possibility that when you are checking or transferring your btc is they have already injected a malicious virus that will take control of everything.

vinz7229

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For me I don't see any risky in holding your Bitcoin. As long as you make all the security measurements then theirs nothing to be panic if they could hack your account. The only problem that I can see is, if the Bitcoin will continue fall down and you have a lot of btc in your storage wallet. You will be force to sell your btc just to save some profit cause btc price don't change in just and hours or days sometimes months, so that the only risky problem I can see in holding Bitcoin.

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I am terrible at Fantasy Football!!!

Quote from: Fear on November 03, 2017, 10:13:34 AM

I think there is not a big risk when holding Bitcoin. Maybe, price falls down at some points, but in the long-term, Bitcoin will get profit to you.

There are risks, it is just that at this point in time with bitcoin going up then things are good, but it was not long ago when people were wondering if ETH was going to surpass it and if that was going to cause bitcoin to die, I know that sound ridiculous now but people were thinking that just a few months ago.

kkofor

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The biggest risk when hodling Bitcoin is nothing. Cheesy

. I actually can't confirm what the risk is. All people wanna hodling Bitcoin now.

chviadu888

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I don't think of the risk of.holding a bitcoin .... Because it never a risk to hold bitcoin...I always want to hold it...

Darker45

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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?

First and foremost, may I begin by telling you that the biggest risk of Bitcoin investment is not that big actually. It is relatively low as compared to so many other investments including Forex and real-life business. That is true at least for now that Bitcoin is still very much trusted. The biggest risk so far is the loss of trust by the big community of Bitcoiners. Once these people will start selling their bitcoins for good, there might follow the dying days of Bitcoin.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Cordillera on November 02, 2017, 06:45:53 PM

The risk of holding bitcoin i know is when your wallet is malfunction, or hack by intruder this is common to everyone that have a Web wallet and Software Wallet as well. if your'e using Hardware Wallets, Paper Wallets. the risk is when you lost it. same with Cold Wallets

That is a risk but at the same time you need to have backups of everything, especially when we are talking about a huge sum of money, you do not need to take as many precautions with your bank account but remember with bitcoin you are your own bank and if you do not secure your coins then no one is going to do it for you.

cryptofangirl

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I would say the risk of holding bitcoin at this point is pretty low. Bitcoin is well established in criptocurrency, a point of reference. It's volatility and price fluctuation are happening by the book, read about elliot wave. Bitcoin it will continue to go down and up, but in an ascending trend. On long term it will always gonna be a winner. And if some unpredictive events will drown bitcoin it won't happen over night.

butrsukumpanumet

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When you're holding something , it's like stocks. The worst thing can be happened is that thing going to lose it's valuation. You will lose your money and it's the worst thing in the world.

Domenc

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Ofcourse , the biggest risk of holding bitcoin is its fluctuating and highly volatile value . Anytime its value can increase and decrease . No one wants to face any loss if the value of bitcoin suddenly takes a dip . That is why whenever the market is looking good and there is good value of bitcoin one must invest it in one way or other. Holding it for a long time comes with the risk of heavy losses.

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