Topic: What scares you the most? - page 8. (Read 2012 times)

Losing a big chunk of my investment is one thing I have experienced, it's a very painful experience I wouldn't want to see again. It has become my biggest fear. Then followed by loss of wallet private keys, the previous day I mistake one wallet for another and was using the wrong keys thinking it was right, I almost ran mad till I realized I mistake the keys.

What scares me the most is losing what I have worked hard. I think we all do... It includes different possibilities on how I might lose my coins. Through hackers, or accidentally sending it on another address, government issues with crypto and etc. Anything related to crypto that can affect our funds negatively.
Although anything can happen and we could lose out hard-earned assets one day, and that's what I'm afraid the most. But rather than letting myself get eaten by this fear, I'm using it to be more careful just to avoid losing coins as much as I can.

That's a good thematic topic considering Halloween! I am not afraid of losing access to my wallet, because I know how unlikely that is, and I prevent myself from losing it by choosing Blockchain.com with 2FA. As for the market going down to nothing - well, it would be really sad but also very unlikely. And we've seen major sudden drops already, so it won't be something totally new. Moreover, no matter how low Bitcoin falls, there's always hope of recovery. Now, the last thing is something that I fear the most. Every time I open my wallet, I sort of expect to see zero balance, I have this anxious anticipation as the page is loading. But then I luckily calm down seeing that everything is where I left it, so to speak.
Since it's Halloween, let me tell you a scary story that really happened, and I was a part of it. So I am sitting at my home and doing whatever I needed to do. It was in the morning, I've just recently had breakfast, and it's a weekend, so I don't have to go anywhere. Suddenly, I receive a call from a friend of mine. He asks me to come over as soon as I can (I live nearby) because his email that's linked directly to Bitcointalk and Blockchain is hacked, and he's having trouble accessing his Bitcointalk account and very afraid to open the wallet where he basically has all of his savings. I come over, we think what sort of stuff the hacker already has access to and what can be done about it. We figure out that it was probably hacked automatically, and the hacker has not seen the results of the program's work yet, so there's time to save stuff, but we gotta do it fast. We start by changing the email to which the Bitcointalk account was attached, then we deleted the data which was in the messages on the hacked email, changed the password using a back-up email, and made superhard password to every account. Everything ended well, he did not lose anything. But at the beginning, it felt like this was the time to say goodbye to Bitcointalk legendary account as well as potentially to the savings. When I came home, I changed all of the passwords to my emails and accounts which were weak to stronger ones.

There's definitely some truth to this, but it completely depends. I'll admit, I'm sliiiightly over-invested in BTC(I think I'm a bit too bullish at times). But even if I weren't over-invested and even if my finances won't be affected negatively a slight bit if I lose my BTC, it's still going to suck losing my holdings on a project that I'm very very passionate in.

But anyway, to answer OP's question, I'll answer the same. Losing my keys, or accidentally leaking my keys.

It's actually not the ban itself that most people are scared of. They're mostly scared of the highly probable price crash after a bitcoin ban.

The government can banned bitcoin. But this is all they can do with the word!

And this is a nice picture where they have banned bitcoin.

So don't be afraid. Because they banned bitcoin would only result in a better understanding of it, and you're right "they will also lift the ban because they will see the good things it can do to our economy.

Happy Halloween, brother.

One would think my biggest fear would be bitcoin dropping to zero, but it isn't.  What I fear is that the U.S. gov't is going to one day decide to regulate crypto such that its citizens are not allowed to own it.  It's a real fear, but it isn't one that keeps me awake at night.  There have yet to be many federal laws passed restricting bitcoin ownership, if any.  If there are any laws I am not aware of them.  State laws do exist, I think and those can be just as bad if not challenged in court.

As an example, I can't use binance anymore because they don't offer service to residents of the state I live in.  Something must have changed, and it does frighten me a little.  I can't imagine not being able to use *any* exchanges, and it almost seems like this is the start of that.  I'm keeping both fingers crossed that it doesn't become a reality.

The third world war and the destruction of life as we know it. Well it might not be happening like we envision it but once it happens, even bitcoin will cease to exist if the mad lads of that holds the world’s sickest keys and switches were to turn it on. I’m fine with losing my coins in the stupidest manner, but I’ll never be okay knowing that every other coin with mine, together with countless of lives are lost forever.

With the plethora of artificially-made economic problems and the battle for economic supremacy, it’s without a doubt that similar events of the Cold War is to happen. And if that escalates, well, not only bitcoin will be gone forever but also us, potentially.

My biggest fear is a potential flippening where ETH or something else becomes the most valuable crypto and I've hodled BTC too long.  Like most people I've made the mistake of hodling things too long in the past, most of what I hodl is BTC but I don't want to be on the wrong side if ETH overtakes it, I'd like to have a crystal ball that tells me when to bail out long before that happens if it happens.  The probability of ETH taking over seems good considering the potential of DeFi and all the other use cases it has.  

Once upon a time a boy didn't covered his trades and lost all his crypto holding to the Bitmex liquidation engine haha
What scares me the most is governments making a common front in banning Bitcoin and cryptocurrency. That would slow down the BTC price growth, but it will still continue to exist in the "underworld" of our society. However by the nature of the technology Bitcoin cannot be literally banned. I'm sure that people would still use and find ways to do so, but the adoption rate would be very low but it would crawl until governments will be forced to lift the ban. That's my view on my fear, so it is not really a fear but a wish that doesn't happen.

Do not be surprised to lose money on altcoin because it is indeed useless shitcoin, 2018 is a matter that frightens for altcoin holders because a large disposal occurs so that thousands of dollars are invested will be lost and will only be worth a little.

As a person who has lost a private key before (for a wallet that had a considerable) amount of Bitcoin in it, the only fear I have left right now is being involved in a pump & dump action. It's something really annoying and tough to get out of. I would not like to see anything like what happened to EOS and Bitcoin Cash back in the days.

Scariest? Hmm, I already experienced losing thousands of dollars in a day many times. Those shitcoins are foking scary as hell. I get used to it later on. This year I became more careful. My altcoins are in the top list because I don't want to become a victim of pump and dump once again. 2018 was a traumatic experience for me in financial terms.

maybe that is because you have invested more money that you can afford to lose. psychologically speaking people are more scared when they are taking bigger risks. that is why when it comes to investment they always say "invest what you can afford to lose".
so maybe it is time for you to rethink the amount you have put in.

This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!