Bitcoin Forum

When you first went head first into the unknown,what were your thoughts? What were you afraid the most?  ???

Not afraid, just curious...

My fear was receiving payments on my first smartphone crypto wallet. It was hard and stressful understanding how to receive the payment from activities I did on faucets.

fears of entry as might to requires of more with details as not with the casuals on entrance as managing tasks of examination.

Honestly i dont have any fears when i just started dealing with cryptocurrencies because before i invest or get into something i will first try to get all the information that i need so that when i start investing i dont have any fears and i dont have to ask other people about it. cryptocurrency is a good investment but it is more risky than other kind of investment but hey risk and losing are all part of any investment.

I'm a nervous type of person when it comes to new things most if they are unknown to me, first-time fears or just nervousness well I can't sort that out it will be mixed emotions, The first thing that strikes to my mind is the question, can I do it? I can't understand a single word or details about the cryptocurrencies, It's totally a new world for me as in the early days of my life I don't have a single interest about the economy and currencies but the more I emerge myself to crypto, I'm starting to like this kind of deal. Until now I'm still learning about cryptocurrencies and I'm happy with it.

I'm not a gambler, so of course I was afraid it was gonna drop to oblivion as soon as I invested. Instead it went up by so much while I was sitting on the sideline before I finally jumped in.

If you're afraid of investing it's better to try with a small sum that you won't regret if you loose it. Everyone make mistakes, even experienced traders, and you always have a risk in crypto, but it's definitely worth trying.

I do only fear one thing about cryptocurrency, losing everything I had by the means of unexpected error,  illegalization, or hacking on any cryptocurrency. I invested alot and now gains alot yet scared that my crypto balances would be gone like bubble.

Was most afraid of losing it all at once. But you gotta let money roll to make money, so you get over it and try to make some good investments.

The worst thing is to buy cryptocurrency and don't know what to do with it, but trust me it's worth it!

when i first dealed with cryptocurrencies i afraid that i can be failed or  cheated, I  did translation of one project  i thought that  project owner wouldnt paid me))))

I was scared real time. I was like this money is gone. It was a battle of breaking the barrier. Eventually, friends encouraged me and I had to let go. This is how I broke the barrier.

I was afraid to lose all my hardwork money. I worked like months in full time job to get that $1-2-3k and it was everything I got. Crypto was hard place where you could lose everything by misclick.

With Bethovens in 2010, only like enternaiment, i came to btalk from russian 2ch, where i came from 4ch. In not-remember-what-year buyed some BTC on Gox, then change for LTC on 0.5 $ price, then make x10 in btc-e(idiot ;D). Then looks to efir in 14 like to another scam like all small crypts, now after lost 2k $ blockcats with priv key and all my login(no make sence cause i sit all this years RO, Anonim Legion :D), write here with my Brighton Beach Engreesh from Russia, with dream to become Hero member before collapse of BTC, Yarrrr

I have a hacked mew purse.Hacked into the stock exchange ED and stole the keys of wallets .I have normally escaped in total they stole about $ 500 .We advise to be careful with this exchange

I don't have any fear then, it is now I do have some second thought of what is going to happen when the huge market correction comes, to me I just believe it is coming everything is a circle, I just want to be able to make money when the market is up or down

I think my biggest fear was that I was wasting time, after I started to make money more fears have turned more towards losing that money but at least now I am at the stage of viewing at it like a worst case scenario I lose money I've earned and nothing more.

what I fear is that if I buy a coin and the coin goes down I lose all the coins I have and that's long enough to collect the coin again.

In the beginning my biggest fears was that I am wasting my time and money.
I was afraid I can become easy prey of the speculative prices and be caught in the middle of pump and dump games.

High Volatile that leads to rekt which is very bad at first. but after reading their volume chart analaysis marketcap and bitcoin volatility last year. i'm smart in another way around and this makes me feel good.

I feared that I may not be able to get a hang of it. But everything can be learned in time. So I invested some time in researching. And I was able to atleast learn the basics which is enough to get started. And now I get to learn and absorb new stuff on a daily basis. I realized that it is not only the money that attracted me, but the learnings which are equally valuable.

I feel my first time coins transfer into another wallet because i have doubts myself what will happen if i put wrong wallet address surely all my coins lost in quick.
But i make it properly and thanks my coin are transferred safe i lost my fear.

Im still being extra careful when transferring coins to a different wallet. Better safe than sorry,right? :D

Well my thoughts are ,i need to know how the market works,what will be my role in the market,and how can i learn advance trading analysis.I know basics should be learn because it will be our foundation to what will be our place in crytocurrency world.

That is scam like hyip or ponzi scheme that make i feel that i will loss my money if i invest in there.
As my previous experience about ponzi so of course i have bad feeling about this.

Scams, hackers, and Shitcoins

I'm afraid that bitcoin will be ban because of governments or banks that are now taking part of manipulating cryptocurrencies. I know that it cannot be controlled by someone but it can be by banning exchanges for cryptos like the South Korea exchanges.

I am more curious rather than afraid. I like learning new things. Now of this day is the most important thing to do is learning the new things that might affect your daily lives.

Probably we fear to lose a lot of money when loosing in each trades,thats why you need to learn something about how the market works,how the trader's think to counter them especially the whales,fear of not learning how to trade properly is the worst i had because i dont know where to start because nobody  guided me to the basics for cryptomarket trading system,i started from the scratch i read alot in investopedia watch more videos in youtube and eventually trade small amounts at first.

I fear of being scammed during a transactions or via phishing sites, since I dont' have much any idea about cryptocurrencies works most that time and I usually started by just hearing it as a good opportunity to invest I can't helped but to be extra careful and afraid from scammers since I heard of them a lot in the cryptocurrency world.

I was first afraid of (and probably still am now) that the whole cryptomarket would implode and take away all the profits i've already made. I could cash out comfortably now and be happy with my earnings but i keep it in crypto because I believe there is value here and it will probably rise in value the more adoption we get. Hopefully more people will realize the long term benefits of cryptocurrencies and see past present values as well.

just double check your wallet address before you want to transfer on to different wallet and make sure the amount you want to transfer. and if you has check then send it, as long as you copy paste your wallet address, it will receive into your other wallet. it is normal to have fear but calm down, as you follow the guide and you will be safe.

#1 was scams.  I researched the crap out of Coinbase, Wallets, Coins, and Exchanges in the beginning.  I was probably overly paranoid, but it was like the more you read about cryptos, the more you hear about people getting scammed ... and even now, I'm extremely cautious.  One wrong move can be costly.

 #2 was it was is all crashing the day after I deposited.  That has been my luck with investments.  I started investing in stocks in 1999 ... right before the dot com crash.  I also bought my first house in 2004, right before the real estate bubble burst ... but so far, so good with Cryptos..    :-\

First of all i thought this is all a play, like a scam, so i feared of being scammed and lose my money. Not until i found out what it really is, in cryptocurrency it is like a gamble in money but in a different way that i have never done before.

Probaby what we fear the most is to loose a lot of money in trading,and not improving in the long run.

Fear of losing more than half of the original amount that I invested. Fear that my coins would be hacked. Fear that I would not be able to withdraw my coins in an exchange because of site down.

At first I fear the numbers I have to deal with while I was learning about cryptos. Now with all the news of hacking and theft I'm afraid of my hard earned cryptos just to be stolen away from me. I'm also afraid that all of this will suddenly just disappear and be gone. I think that is my greatest fear about crypto.

my fears when i first get involve in cryptocurency is having no knowledge about the market, i dont have any experience or knowledge about using crypto, i had to learn by myself and trade fail so many times, but i am better now so i dont loose money as much as i used to be.

many of the things I feared when starting to enter the world of cryptocurrency.
but all things in my opinion if feared the impact will always be negative. wherever we are, the risk will always be there. so fight your opponent's fear by always studying the world of cryptocurrency.

Not fears but doubts or twice check need I had like transfer addresses or buying in correct time and decision to altcoin type to buy

Thourough due diligence will prevent you from having those fears :)

When i first heared about a cryptocurrenciens i have a doubt if i can do it or not.I  can success with world.If I joined campaign If they should pay me for the worked i do

Losing is part of the game. You will not learn if you haven't try lossing. Failures motivates us to work hard. And it's good to know that you've learned from your mistakes. We all fear of losing our money,  but we can find it ways to at least lessen our losses.

My entry to this crypto world is also same i was fear how to do this and if i want to buy any coins for cash how can i believe after paying money they will give coins or not. So i was not invested i earned Bitcoins in this forum and did my 1st transaction. when i was doing my 1st transactions,, it was so exciting and fear but after confirmation i was so happy.

You can do a lot yourself to keep your coins secure  ;D Usually people get hacked when they are not paying close attention.

I guess we all have those doubts when to go in :D

Most of all making mistakes with adresses or private keys. Or sending my coins to a wallet adress of another coin. But it makes you carefull so it never really happened.

I think I don't have any fears when the first time I started dealing with cryptocurrencies because I only think that maybe this is my way to earn money and if I can earn by free then I don't have to afraid for anything. besides that, as long as I don't use my own money, then I can avoid from being scam and I could still try to earn more money. but I think my fears is about if I buy a coins in a high price and I cannot sell it once the price is jump higher and I got trapped in that price.

for myself when I first invested in the world of crypto I did not lose my coin because the price of Cryptocurrencies does not always remain constantly changing. but after I learned it I got enough profit.

I'm just pure earning before. And I do not know the currency trading crystals until the revenue declines. And someone suggested me to trade. Of course I wondered what it was that I started at 0.01 trading capital and it grew but also fell. That's what I do not want to repeat and frighten me before it happens that all my btc is out of the wrong trade I'm doing.

For what i feared is to not learn the basics,i dont have any idea where to start and any roadmap to follow.

I was most afraid of my investment turning into zero. I'm just hodling my coins and tokens. I could cash out now and enjoy the small gains or hodl and see what happens 1 year from now. No regrets. Crypto for life.

I had a fear that my account might be banned, also, that I couldn't learn the strategies and techniques in dealing with Bitcoin industry especially in crypto currency. Another thing is that I afraid that Bitcoin will vanish and I hope not.

Honestly,I feel like cryptosystem is all about scamming. I was really hesitant on joining one, basically because there is no assurance about this things and there were too many distracting opinion from people. The truth was, there were really numerous projecrt that just scams people, even got already engaged with it. But I have learn to determine which is the legit one, this time there is still fear on my side while investing but in my short period of time being engage with this, I more feel that There is a promising future for my funds.

I have invested a good amount of money and hopefull that it will grow in due time. Cryptosystem is not just really about  risking money, uts mote of like growing funds through trusting a good project.

Probably not learning to trade well? and to lose a lot of money when i do trading.

My first mind was, is it real? will I be able to convert it to fiat and spend it ? at that time the crypto was not too famous, so not a lot of information that can be searched, but after few point from my friends I try to involve in crypto, I think people should never afraid of new things especially when that new thing can bring a good impact for you

First of all I just want to know what is crypto, I want read about it and to know what is the main goal, why people likes it and how they earn money with it. Then I try to earn some in bounty,and I thougt it is realy good. And now I want to learn about trading with crypto.

When I first time dealing with cryptocurrencies, I afraid about its legality. Because, my country did not admit the cryptocurrencies as a legal currency. I afraid that if I start invest in cryptocurrencies, then the sites is blocked by the goverment. I can do nothing, and I will lose my money.

I went to my bank to get loan to buy my first bitcoins in 2013. I'm from a working class group therefore I had fears of loosing my money by hacked exchanges. My second fear was to be week handed and sell my assets with loss. Unfortunately my fear came through losing a lot of money on my first journey with cryptocurrencies but never given up to get back on my feet and start over. I'm glad I was strong enough to do so.

I have no fears when I first started to get into crypto, I was more curious and excited than fear. Perhaps it is because I invested a small amount of money that I can afford to lost it.

What i have feared when i was a newbie are,not learning proper way to trade,not learning the basics of trading,learning how to trade and but not succeed in trading,all of the newbies suffered with these common things especially when theres no one to guide them,if you are a newbie i suggest to ask some help from your friends who has experience for you not to lose a lot of money.

The fear I had after discovering it is getting late to the party. And myy fear has gone worse when bitcoin pumps at this rate and I feel that I only have a few time left to make massive profits because crypto is now more open to the public.

I don't know what kind of new thing it is, so I don't know how to guarantee the security of tokens.
When I use my local wallet, I don't even dare to connect to the Internet.hhhhh ;D ;D

For me i'm nervous to send my first bitcoin transaction to bittrex, although the amount is only small but once you send the payment you can't cancel it so there's always a nervous feeling whether i send it to the correct address or not. By now i am already used to it and sometimes i don't even double check it anymore.

Fill with hope and greedy.

I most of all was afraid that I will lack time to understand all this, but gradually everything comes, the main thing not to force an event

I didn't had any fear at all since when i started everything was very cheap, bitcoin was less than $250 if i am not wrong at all. Of course that i haven't bought at that price. But i joined during those times.. I really miss bitcoin at those rates.

Probably the fear of missing out something when there a hype coin then you sold your coins to get the hyped coin and you will lose,and fear of losing a trade.

The thing I fear most when dealing with cryptocurrencies is that of networking. I'm afraid that the transaction is taking place, the network I'm using has lost signal. That means my transaction is broken and I do not know who my money will fall into.
I'm afraid the hackers will take advantage of that opportunity to take over my fortune. These are the things I most worry about dealing with cryptocurrencies.

I and the following fears namely:-
1)lack of support from government which treat crypto traders as illegal drug cartels and get me arrested
2) fear of wrongly entering a pump and dump coin and getting stuck in the bottom of the coin
3)not knowing the exact news of coins to do trading and many lots more

To learning something that might not work in trading? and the fear of losing a lot in trades,thats what i feared when i was starting.

I'm afraid I'm afraid that I'm still young enough to start crypto currency and I did not know then to pay it or not, when your investment is big enough.

My fear in the beginning was transfering to wrong adress , being scammed and hacking

My first fear was for only to sell bitcoin , I getted into bitcoin about 2013 and at that time buy and sell of bitcoin was not easy task because not many services were available at that time to buy sell directly but we needed to wait for orders and give orders at sites like localbitcoins.com that was really not better way and also few people were saying that there is chances of scam , so for me a big fear was in my mind that what will happen if I make earnings in big amount but not will be able to sell easily .
But after one to two months I found a person who was from mine country and told me that you can buy and sell any amount of the bitcoin and payment will be instantly , and I found that he was really honest person and still today he is doing work very well of buy and sell .

Fear of being scammed. Fear that my hardwork will turn into nothing. I hate that feeling. Also the fear of no return investment.

I never really think about this. hmm. I think it was getting hacked and losing money. Digital money feels interesting but unsecure when you hear it and think about it. Also I am afraid of losing tokens because of ether's weird smart contracts.

I had fear that one day everything will close down and my gone. I did not understand blockchain tech and how it works. I was thinking bitcoin is a website kinda of thing... I more like see it like a ponzi IoIz.....

The fear of being scammed and lose my money. All of these are new to me back then, I fear every transaction I make, and I always pray that my money will arrive to my wallet, I always check every digits of my address before making any transaction even though I just copy pasted it.

It took me forever to move from a website wallet service to my own wallet. I kept seeing in chat how people "lost" money, or sent to the wrong address, or their wallet crashed. Site accounts seemed simple and safe, just a username and password that you easily remembered. But then I later understood I could very easily restore my wallets from seed. And that was an even better option, you never worry if the site you use will close down and run with your money.

I've never made a mistake yet, but always remember to double check txs, always keep your seed safe. And you're good to go. I still have my heart beating fast when I make a big spend, always triple confirm.

when i invest in to cryptocurrency what i fear the most is losing money or should i say, will the altcoins last long? i fear also with bubble but i n the long run when i really understand on how the blockchain work i am now confident with my investments.

When I started dealing with cryptocurrencies, my most fear is to lose my money. There's been a lot of phishing sites and scams everywhere in the internet. I always read the reviews of every website or services that I use and make sure that I enter the correct website.

Like many, I was afraid of losing money. Now I take it more calmly, because there are ups and downs. And if there is a loss of all resources will pass, I'll start again.

I fear of being hacked or unknowingly victimized by a phising sites that will attack me when my investments become more successful. I had a lot of fear the first time I tried cryptocurrencies since I am not techy and well known around the net and about trading. Its a good thing I spend a lot of time here in bitcointalk since I usually got heads up about threats and information that can help my trading ventures.

I was afraid that all this could very quickly end, but I completely changed my mind when I learned about the intricacies of technology and its prospects in the real world

I believe I will be not original here. My fears were connected with the money lost. I worried if altcoins I bought that time would grow in future. Thanks God, my first experience was not bad at all, and the profit I got inspired me to go on with crypto.

For the first time when I found out about this, I was told that it is possible to earn good money on this, but I did not quite understand how. When I bought different altkoins I thought they would grow up now and I will get my profit, but it was not so simple))

Oh, well, most likely the most important fear is ignorance.
I was constantly afraid that I did not know something important, and I was doing something wrong.
I was afraid that because of ignorance I could make serious mistakes and lose all my investments.
 But after a while, when I read many articles, literature, explored the forum, fear retreated.

I do not know what fears are mentioned here? Fear of being left with nothing? He has retreated after a few mistakes (=

As far as I read from comments most of us has similar fears. The main fear I have is that next morning I will wake up and see that market has crashed. Second biggest fear is that as you say hackers will hack my wallet and I will lose everything I have.

the first time I know the crypto currency I'm afraid of is the false address of the recipient's wallet and the deposit that is not accepted by the exchange.

We've all been there I think! :D

Interestingly I was not afraid of anything. This was because I had a good time spent learning the fundamentals that will drive value in crypto.  My first investment grew astronomically within 3weeks.

after a month I did realized I still had a lot more to learn but I was never scared.

Well, you had a good pick, if you scored on your first investment :)

We all have those fears when going head first into unknown hehe :D

Because I am a beginner, so there is one thing I fear is I don't know where I can start and many investment strategies.

Honestly speaking, I don't have any fears when I start trading coins in the cryptocurrencies because before I invest I tried to search all the information from youtube so that I don't have any fears .Cryptocurrency is a good investment but it is more risky than other kind of investments . So I think you have to take care and invest intelligently.

Fear is real when you are in a corrupt country with corrupt officials, what could happen to me if for instance they try to track money laundering and terrorist in my country. They could at point an innocent guy who own bitcoin as corrupt officials can link a bitcoin guy to terrorism funding. It doesn't matter whether its true or not the only matters to these official is that they get some results to report to the upper officials that they have suspects apprehended.

The fear is that the coin i choose would become one day worthless. And also the fear that i send the coin to a bad address or get hacked.
The fear to participate in a scam ICO project. And the fear to install some kind of virus.

Honestly speaking, I don't have any fears when I start trading coins in the cryptocurrencies because before I invest I tried to search all the information from youtube so that I don't have any fears .Cryptocurrency is a good investment but it is more risky than other kind of investments . So I think you have to take care and invest intelligently.

The first to be able to join Crypto needed a Bitcoin number, and I was looking to buy it in a community over the FB. I started trading with the seller, and I was worried that I would be scamer (this could be the psychology of all new investors). After buying Bitcoin, I moved it to Poloniex, made the first exchange and always looked at the Altcoin trend that I purchased, it was a thrilling and beautiful feeling.

At first I was afraid maybe it's just a waste of my time but as I go along I found it most interesting and challenging. The experience is awesome and now I'm hoping that this technology will boost more investors to join and make a big impact to the economy.

I was not afraid at all. I knew that I have to read a lot before putting my money in somewhere. My thoughts were that it is going to be hard because I got to spend a lot of time for it. And, I was interested so much about it.

First start trading you get the fears at first but when you trade a lot every day you get to learn the true value of investing for the cryptos.