Bitcoin Forum

I suggest you to discuss a Specific list of risks of bitcoin. Please do not only comment but also add or remove items
1. Malicious program:
-ransomware programs;
-viruses;
-fake links (substitution);
-phishing (unauthorized access to personal information).
2. Hacker attack.
We all know what it is. I am most interested in the possibility of a large-scale and coordinated hacker attack. This will be done by States and special services. Another issue is that many hackers are the bearers of an alternative worldview. Moreover, protection against hacker attacks is also developing.
3. Bankruptcy and closure of cryptocurrency exchanges
4.Lack of legal framework and legal risks
5. Very high volatility of the course
6. The loss of the secret code
According to statistics, this happens in 25% of the owners of crypto-braids, who lost about $18 billion to Restore the code and return the money is impossible.
7. Erroneous transaction
An error in entering the code for only one digit or sending it to the wrong address also leads to losses. The transaction can not be canceled, so the amount sent can not be returned.
8. The destruction of the infrastructure of the global Internet.
And no matter it will be a man-made disaster, war or terrorist attack
9. Long-term power outages in the scales of the planet

It's true that you mention it, there are so many risks, including when the coin when we experience a scam is also a big risk, but it's all risk and all the work there is a risk, so we must prevent well from all the risks.

I never knew bitcoin can have this huge disadvantages. We should really be careful and start using it carefully. Thank-you for the information, we should really learn something from it.

When we know this we need to carefully avoid these things, otherwise it is easy to lose our coins. Dealing with caution can never be wrong.

Good post, we focus so much on the benefits that we rarely think of the risks involved with adopting btc. We can only hope as crypto becomes more ubiquitous that many of these issues will be tackled. As of now, the most you can do as an individual is protect yourself from numbers 1 and 7 by being meticulous at the time of transactions and prioritizing security.

Thanks. Do you have any details on the list of risks?

Do you have anything to add to the list?

You should add the very benefit of crypto, which ultimately beats all these big dissatvantages. And that is:
It allows you to hope that one day you will become rich, by beeing part of something which is only at the beginning of it's ascention.