Pages:
Author

Topic: What is the risk of holding Bitcoin? - page 53. (Read 19120 times)

full member
Activity: 258
Merit: 100
November 01, 2017, 11:22:22 PM
There is a big risk with bitcoin,
who back it up?

It is only user trust, it is even the best trust.
We are the holder and we are the risk.
I have it and I ll buy more,.... more risk Smiley
full member
Activity: 182
Merit: 100
November 01, 2017, 08:38:55 PM
You are asking about bit risk of holding bitcion is it will give you biggest return you will gain from it. This why I am saying is in other cryptocurrency where having a big chance of loosing but it in bitcoin it is not possible and you are fortunate that you are able to buy bitcoin  nothing going to change your life except bitcoin. What I am saying is truth nothing else about bitcoin.
full member
Activity: 294
Merit: 102
November 01, 2017, 08:02:35 PM
The risk of holding bitcoin is that we don't know if bitcoin is already at it's peak because it's price is too high and when bitcoin reach it's peak i'm sure that it's price will gonna go down of course no one knows when's that gonna happen but i think that's the risk when you are holding bitcoin.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 01, 2017, 07:17:13 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?

For me the risk of investing in bitcoins is their price, maybe you're holding it for top long that will come to the point that your money will be worth nothing. But that will only happen if and only if the value of bitcoins will drop and will totally fall. And we all know that it will not happen because a lot of big people are in to thia stuff and they will not let their money go to nothing. So the second risk is it might get hacked if their will be a very great hacker that will hack you wallet so bitcoins will not have liabilities to that if that happens. And also the price is not stable so if you hold your bitcoins and spmething happens then it falls and when you needed the money, you will probably cut your loss and thats awful
I think there is no risk while holding bitcoin rather it is good for making more and more money due to holding your bitcoin.

The only risk which the people fear the most is price volatility but price volatility is a part of business because investing in bitcoin is a coin business and you should dare to invest money in bitcoin if you want to earn money in a short time and with ease but sometime the conditions are not in favor.
Lets not be naive there are risk when it comes to holding bitcoin, it seems people have forgotten that not too long ago many people that bought bitcoin lost a lot of money so while holding is the best way to make money with bitcoin there is no doubt in my mind there are risk inherent when you hold for a long time.
full member
Activity: 448
Merit: 114
November 01, 2017, 07:08:23 PM
The price is the main risk factor of bitcoin. I'm thinking about the situation that everybody is holding yours coins, waiting for the right moment to sell it. If no one is buying, what occurs with the price? I though the price will goes down and down.
Does it make sense to you, guys?
Can a downward spiral occurs in BTC?
I think so.
full member
Activity: 476
Merit: 100
November 01, 2017, 06:36:53 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?
1. If you hold too long the price may drop and fails to recover. That would be a headache!
2. Your account get hacked and you’ll lose all your coins. Now this would be your negligence..
sr. member
Activity: 714
Merit: 251
November 01, 2017, 06:32:54 PM
The risk by holding bitcoin is you can lose your money, the value of bitcoin fluctuating daily, bitcoin price can crash and decrease at any time and fall very deep and fast, so you will lose your profit. If you lose or don't secure your private key and your bitcoin can get stolen also.
Indeed, the price to fall in love is very often, but you need to pay attention first of all to how the point scale moves. If Bitcoin sank by 5%, then this is the chance that gives you the opportunity to buy. And to wait for the price increase will not be difficult.
full member
Activity: 294
Merit: 114
November 01, 2017, 06:30:11 PM
Risk is that you might be hacked and all your bitcoin get stolen. Or bitcoin could drop in price as hard as it now is increasing. But That's not likely at the moment. Bitcoin is going up every day, without falling back. A problem is government's wanting to get their share and start to lay tax on your profits. If that happens and you have to pay income taxes, a price drop will leave you with severe losses.

I think a lot of people want to invest in Bitcoin because the price is getting up. But sometimes the price of a cryptocurrency can change at any time and drop dramatically instantaneously.

That's why I used to be afraid to invest Bitcoin because I'm afraid of losses because the price may be down, or even Bitcoin can disappear from the market. We do not know the development of technology in the future, whether Bitcoin will be more developed or replaced with other better solutions. But after I see the Bitcoin price that always goes up, now I'm not afraid anymore for investment. I think everything is has risk.
full member
Activity: 280
Merit: 101
November 01, 2017, 06:29:30 PM
The risk by holding bitcoin is you can lose your money, the value of bitcoin fluctuating daily, bitcoin price can crash and decrease at any time and fall very deep and fast, so you will lose your profit. If you lose or don't secure your private key and your bitcoin can get stolen also.
hero member
Activity: 2352
Merit: 905
November 01, 2017, 06:25:38 PM
Besides security risks such as wallet things and hack, I think the problem is about its price. Sometimes it is dumped like $2000 a day and it hurt me as the risky factor.
Wallet hack? Hmm, see wallets on blockchain with more than 1000000$ and try your best to hack, it will be more likely easy and safe money. Cmon man, who considers wallet security as a main risk? Forget that, of course problem is it's price and we already saw how quickly it dropped in one day or two. Little panic and boom, people make price very low, then they'll hear everything is ok and price rises, such situations are so risky and unstable, it can be harmful for some holders because some of them sells bitcoins immediately and then don't buys until price falls more and more low but sometimes they miss good price.
hero member
Activity: 1260
Merit: 524
November 01, 2017, 05:57:10 PM
Besides security risks such as wallet things and hack, I think the problem is about its price. Sometimes it is dumped like $2000 a day and it hurt me as the risky factor.

Price is the main risk of Bitcoin Holding, as if any bad news appear the price will be dumped , apart from that wallet hack and other risk are common which can be solved by taking safety measures.
newbie
Activity: 22
Merit: 0
November 01, 2017, 03:41:58 PM
Besides security risks such as wallet things and hack, I think the problem is about its price. Sometimes it is dumped like $2000 a day and it hurt me as the risky factor.
member
Activity: 196
Merit: 10
November 01, 2017, 03:36:41 PM
Whichever type of wallet you store it in it could be lost or stolen, electronically or a hard version. As others have said, just invest what you're willing to lose, be ultra security conscious and keep up with the news/trends on a daily basis - which I'm sure once you've invested, it won't be a problem keeping interested!
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
November 01, 2017, 03:06:59 PM
Risk is that you might be hacked and all your bitcoin get stolen. Or bitcoin could drop in price as hard as it now is increasing. But That's not likely at the moment. Bitcoin is going up every day, without falling back. A problem is government's wanting to get their share and start to lay tax on your profits. If that happens and you have to pay income taxes, a price drop will leave you with severe losses.
full member
Activity: 532
Merit: 103
November 01, 2017, 02:50:55 PM
If you have enough money to invest into Bitcoin and live without problems, there is a minimum of risk of holding Bitcoin in long-term investments.
full member
Activity: 197
Merit: 100
November 01, 2017, 02:45:40 PM
Biggest risk is you just loss your money  or nothing. bitcoin investment always safe investment but Every time not safe. Some time market going to dump huge... That's time what you doing, you sell your bitcoin and  loss your money. I think you don't want to loss your money. 

So when you invest with bitcoin you have follow up bitcoin news and research about bitcoin market after that you going to invest with BTC.
newbie
Activity: 56
Merit: 0
November 01, 2017, 12:25:16 PM
Well there is always a risk on any type of investment. In case of bitcoins you never know what could happen as bitcoins are very unpredictable and has a volatile or unstable market. And bitcoins prices are dependent on the demands of bitcoins from people and investors so if an other coin appears and became popular than bitcoins price will surely fall. I think that cashing out when bitcoins has reached an very high price as it can fall pretty fast is a good option.
full member
Activity: 322
Merit: 110
elysian.finance
November 01, 2017, 11:00:29 AM
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?

Being unstable is the biggest risk in bitcoin investment. If we put our investment at the higher price and when bitcoin goes down it will result in a very great loss.
full member
Activity: 238
Merit: 100
November 01, 2017, 10:56:47 AM
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?
I do not think bitcoin is risky if you keep it, I have never seen someone become poor because of the bitcoin hold so do not worry about this.
hero member
Activity: 910
Merit: 509
November 01, 2017, 10:44:07 AM
The biggest risk when investing in Bitcoin is that Internet is disappeared.  Cheesy. But I don't think that will happen. Let brave and invest, man!

lol, what the? internet will never be disappeard or its impossible for it to happen because it plays a great role in our daily lives , we need internet to do our jobs and important things in life. but i guess the biggest risk of holding bitcoins is loosing (i.e loosing its value) yet basing on the value of bitcoins these days i can say that it wont really happen because bitcoin is still increasing and will never be loose its value.
Lol there is no risk in holding because bitcoin is safe if you are holding it no one can touch it and more of it this is 100% sure in the crypto that price will jump back and losing mean total zero revenue this may happen I physical world investment but not in the crypto market so be hopeful nothing will happen hold your coins and then sell at the desired profiting price and don’t follow other do whatever that gives profit.
Pages:
Jump to: