Topic: What is the risk of holding Bitcoin? - page 68. (Read 19120 times)
people are saying that BTC might "button-out", which means it will completely lose it's value. How is that even possible? That would be that everyone would need to sell their stack in order for the price to reach zero. There is no way that such coordinated effort will ensue.. the ony possiblity is that it might take a huge dump, which will give you enough time to exit if you decide to do so, but losing the entire value in just a matter of days.. no way. I don't see how this can happen - you risk on losing a big portion of your holding (50% +) but losing everything is unlikely in the short-term
Basically the risk is of holding alot of Bitcoins in one wallet is that if you have a lot stored in just one and that gets hacked then you can't do anything with it. Especially if you are using an online wallet. So better is to store them in different wallets so that even one of them gets hacked or is unusable due to some reason then you are still left with other Part of your money.
The biggest risk is that the price crashes to near zero, main reasons for this happening would be some sort of major government cut down trying to stop bitcoin or some major technical failure.
I think the risk of holding bitcoin or buying bitcoin they have possible that your money will lose or decrease once bitcoin decrease the price. Even the price of bitcoin as of now continue to increase we dont know when the price decrease maybe tomorrow. What if you buy today and if you see the price tomorrow will decrease for sure your money will decrease also.
The only two things that could happen to one who is holding BTC or any crypto currency is GAIN or LOSS. Since you are talking about the risks the only thing that could happen is LOSS. The loss itself can be of different types. For example
1. Loss in Bitcoin's price
2. Loss in Investment
3. Loss of coins (theft)
4. Loss in trade
5. Loss in legality
So you might know very well by now what are the risks in holding BTC.
1. Loss in Bitcoin's price
2. Loss in Investment
3. Loss of coins (theft)
4. Loss in trade
5. Loss in legality
So you might know very well by now what are the risks in holding BTC.
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?
But I want to know what the biggest risk is to hold Bitcoin?
The risk of investing in bitcoin is the volatile nature of the market value therefore you should always constantly monitor it so that you could easily aware of the ups and down and make a decision either to sell or continue to hoard. You also should have an update information of your investments records regarding status thru online news, TV news and google. By knowing of all of these it will prevent the risk or it may reduce the risk at least.
As long as the growth keep on continue, then you got nothing to worry, you just need to make sure your wallet got a tight security and you dont lose your private key, the only unpredictable problem is maybe the government will make regulations or banned bitcoin
I agree with you, maybe the concern for bitcoin users is when the government makes new rules about bitcoin and prohibits its use. because this will adversely affect the economy of bitcoin users in this country.
More risk in holding Bitcoins would lead to loss unless and until you wallet is set secured. The wallets we have should be secured, so that its protected from hacking. Keep shifting your bitcoins from one wallet to others.
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?
But I want to know what the biggest risk is to hold Bitcoin?
well as i see, the only risk i know for holding bitcoins for a period of tiime (long) is if its value will go down, but as predicted by major analyst bitcoin will surege up high on its value in the coming years, so i will not think of it as a risk, o a thing about holding a bitcoin in a bitcoin wallet , if you forget your password then you are doom but theres always a recovery thing soooo.. thats it
If you're storing it in an online wallet, it could be stolen.
Use coldwallet storage. Read about it, understand it, know your strenght and weakness in your security system. Donc crypto to much and forget the keys/password/passphrase.
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?
But I want to know what the biggest risk is to hold Bitcoin?
The number 1 risk is if your private keys will be stolen from you thru hacking, expose in the internet and weak passwords, if you fail one of these then your bitcoin is at risk. The second risk while holding your bitcoin is if you did not monitor the market value regularly including the news and some updates in the internet. You may wake up one day that your bitcoin are lesser in value than the last highest price you buy it or the worst your bitcoin is no value anymore so it is good to monitor it everyday.
As long as the growth keep on continue, then you got nothing to worry, you just need to make sure your wallet got a tight security and you dont lose your private key, the only unpredictable problem is maybe the government will make regulations or banned bitcoin
A risk associated with hodling Bitcoin is that the process of taxation on capital gains is quite complicated. Investors need to instantly and accurately report on the capital gains and losses. Failure to comply with the reporting requirements results in fines that consequently reduce the gains or increase the losses incurred on the investment. 
I wont do that...except you wil do trade..buy when low and sell when high
They can get hacked in rare occasions. Computers can be infected by virus or injected your computer a keylogger so they can easily get informations like passwords or private keys store on your computer. So, you must put your bitcoins to clean pc and clean it regularly. Other than that. Bitcoin nature is volatile and so as other cryptocurrencies in the market. They are not stable. Wild swings may occur. It's a serious risk. But don't worry because this is bitcoin. It can easily recover from a crash. In fact, this is the biggest cryptocurrency with $100 billion market cap. If you look at it's history. You will understand why we value bitcoin.
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?
Since such a price in principle can not be, then in theory, bitcoin is very much to fall, here's the risk. And after several years it can generally be divided into several, here is another supplement. But I want to know what the biggest risk is to hold Bitcoin?
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?
But I want to know what the biggest risk is to hold Bitcoin?
If you're a student, it will most likely affect your study habits. If we'll be talking about health, it can cause poor eyesight due to radiation of smartphone or personal computers.
Now if we talk about bitcoin itself, yes the rate goes up and down but we will never know when will bitcoin end, it might end in the middle of the success you are getting or end at the end of your success. No one could tell, it's way too risky and you must be certain with the decision you'd make.
The risk of losing your bitcoins if your wallet isn't secure enough. I won't go deep on this topic, as a lot of threads here in bitcointalk and on reddit has addressed the security topic already.
Also, bitcoin could nose-dive in price anytime. Even though in theory, bitcoin's price should continue to go up longterm due to supply and demand, it isn't guaranteed. That's why people always suggest that you only invest what you can afford to lose.
Also, bitcoin could nose-dive in price anytime. Even though in theory, bitcoin's price should continue to go up longterm due to supply and demand, it isn't guaranteed. That's why people always suggest that you only invest what you can afford to lose.
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?
But I want to know what the biggest risk is to hold Bitcoin?
The biggest risk is loss. Bitcoin's price is fluctuating and every investment has the same risk is "LOSS".
Before start investing you should consider it, and should be prepared to lose the value of your money
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