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Rooster101
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December 28, 2017, 11:04:55 AM |
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In rivaling a government currency is one of the risk that associated with bitcoin and it might face a strict regulatory action or ban by some unfriendly countries. This risk and other factors like hacking might lead to increase occurrence of bitcoin price downtrends or corrections.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Borisb52
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December 28, 2017, 11:15:23 AM |
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The risk in the market of crypto currency is always present. With bitcoin, the risk is primarily that its policies can be influenced by governments of different countries, introducing all kinds of prohibitions on trading in crypto currency. So, for bitcoin, there is a risk from the banking sector.
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TheGreatPython
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December 28, 2017, 11:35:17 AM |
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Keeping bitcoin is not a risk at all. If one thinks short-term then this is a risk. no matter what the unit prices are.
only the value on the market falls but the units you have remain the same. never lose value that is achieved.
I didn't get what you mean there's no risk at all short-term or long term has risk, isn't it? If you invest in bitcoin and market crash then you will lose part of your investment unless it recovers but since price is so volatile then no assurance. I'm not yet an expert in bitcoins so please correct me if I have wrong view about it. Holding is the thing which can bring millions of profit if you use it on right time and those who don’t hold their coins and get panicked easily they end up scolding themselves and I personally don’t see any disadvantage of holding people hold their coins for more than a year and they get a lot of profit and same apply now buy coin and hold until you want to make money out of it and then sell you will not face a single dollar loss, |
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Distinctin
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December 28, 2017, 11:38:39 AM |
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The risk in the market of crypto currency is always present. With bitcoin, the risk is primarily that its policies can be influenced by governments of different countries, introducing all kinds of prohibitions on trading in crypto currency. So, for bitcoin, there is a risk from the banking sector.
If the government will make a regulation that is against bitcoin then we the future of bitcoin will not be good, most people will loss its confident on bitcoin and the value will fall, that is the risk so we have to hope that the government will embrace crypto as a chance for the betterment of the people. |
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keyzersoze
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December 28, 2017, 11:41:02 AM |
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How about the risk of becoming filthy rich and turning into an asshole. Don’t forget to give something back, if you have gained anything  That’s what this is all about. Being able to help yourself and others. |
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wall101
Member
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Activity: 560
Merit: 10
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December 28, 2017, 12:59:49 PM |
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there's no risky bitcoin hold because it's usually what others do to earn because of the bitcoin hold that it's great to be earned here, it's risky only when the bitcoin price drops because you're losing money and you can not earn it because you have to be cheap just to buy and when its price increases. So bitcoin is legit so it should not worry about it when it's gone.
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newgal2017
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Activity: 337
Merit: 15
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December 28, 2017, 01:58:04 PM |
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The risk of holding Bitcoin is the unpredictable behavior of the market wether you are going to gain profit, deficit and loss of investments. The risk in the market of cryptocurrency is always present even if you're going to hold Bitcoin for a long term or short term. It will all depends on the behavior of the market, whereas the price of the coin increases or decreases which varies from time to time. To keep up with your investments, you should check from time to time the current value of the coin for you to determine when is the right time to buy and sell the coins.
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chocobo21
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December 28, 2017, 02:23:22 PM |
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If you compare bitcoin with other cryptocurrencies then bitcoin is pretty safe. I think the only risk of having BTC is actually losing it by getting hacked or losing on an exchange. I suggest people to use a ledger nano S. Also you can lose money if the price of bitcoin goes down and you panic sell but holding bitcoin long term is a good thing to do in my opinion.
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furry04
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December 28, 2017, 02:32:00 PM |
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The biggest risk is to lose all your investment. As an example you can wake up and see that your account was hacked or the price of btc has experienced a huge crash an it is 300$ again.
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Amajaa
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December 28, 2017, 02:51:38 PM |
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Biggest risk on holding bitcoin is drastic dump and never pump again so better keep eye always.. Or being hacked while on exchange or in your ewallet so keep it safe and dont store it on exchanges too long for we can never tell what would happen each day..
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supine
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December 28, 2017, 04:30:17 PM |
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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?
Bitcoin is volatile hence, there is a risk by the time you need to sell it all out for some reason, the value might be half of your investment, or even lower. It just goes to show that you shouldn't invest all your savings into bitcoin. |
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South Park
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December 28, 2017, 06:55:31 PM |
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The risk of holding a bitcoin is that you might loose some of its value like what is happened for the past few days that bitcoin price was dumped if you holding bitcoin for the value of 18k then it drop for 12 to 15k you lose 3 to 6k dollar thats the risk you will wait until the price raises up again to 18k .
That is a risk but at the same time people need to avoid buying at the peak, bitcoin almost reached 20k, those that bought at 20k made a big mistake since that was the all time high, now bitcoin is trading at 14k and to me that is a good entry point since it is 6k lower than the all time high. |
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RavRider
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Activity: 189
Merit: 10
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December 28, 2017, 07:03:12 PM |
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Its like investing in stocks. You can wake up on a day and all the money can be gone. Theres just one difference to stocks. When bitcoins crashes, you will always have bitcoins. When the stocks crash and the company of the stocks falls in bankruptcy, you have nothing.
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km4700ruda
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December 28, 2017, 07:11:18 PM |
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The only risk in that you could run with is just having your wallet hacked, no one knows if that could happen, but if you keep exposing your private key all the time, you are obviously going to get your bitcoins stoled.
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daringdiscovered
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December 28, 2017, 08:11:10 PM |
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The biggest risk is to lose all your investment. As an example you can wake up and see that your account was hacked or the price of btc has experienced a huge crash an it is 300$ again.
You do have a point, but if you are holding your bitcoin, you have to check the price as always for you to be updated not just on the price, but also on what is happening to bitcoin. Holding is a very good choice if you wanted a very huge profit in a single blow, though there migh be times where you would hesitate if you are going to sell or not your bitcoin because of DUMPS. |
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erichall
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December 28, 2017, 10:37:42 PM |
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it dpeneds on when you got in to bitcoin.
getting in early always has it's advantages.
and if you get in early enough, it can be very profitable - for any good coin
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rejin29x
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December 29, 2017, 01:32:33 AM |
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i dont think its risky. as long as you still have funds on your pocket to spend. i always belive that bitcoin investment is never too late, never will be waste and never will loss. so, holding a bitcoin my friend is actually an advantage today. check how it pumps on a weekly base. youll be amazed
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posesion19
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December 29, 2017, 01:33:55 AM |
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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 think the biggest risk is loss. We just need to stay calm if we invest to long term So only invest what you can afford to lose |
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jinx029
Member
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Activity: 126
Merit: 10
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December 29, 2017, 06:49:23 AM |
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when you buy a lot of bitcoin, at a high price. holding bitcoin can be a very scary thing. well, we never know when bitcoin price will dump. so, it is a risk that must be faced. you can also lose bitcoin if not careful.
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Emitdama
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December 29, 2017, 07:39:53 AM |
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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?
The worst case scenario is people bruforcing private keys address somehow, and that's it. Good BYe btc. This is the only case where you are going to bear heavy loss with bitcoin otherwise there is no risk in dealing and working with bitcoin because we can see from bitcoin past few month trends that it is all the time increasing in value and the dumps its exhibiting are very short and mild. You should keep backups of private keys by writing them down on your secret diary or somewhere else where you can only approach it. |
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