Sorayacrash (OP)
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October 16, 2017, 02:54:59 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?
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hilariousandco
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October 16, 2017, 07:23:08 AM |
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What do you think is the biggest risk? You could lose all your money. That's the risk. Are you prepared to hold it long term if the value decreases by thousands? What if it never recovers? Can you take the losses? Nothing is guaranteed.
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CryptoTamer
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October 16, 2017, 07:36:31 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 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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mk4
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October 16, 2017, 07:59:54 AM Last edit: October 16, 2017, 08:36:50 AM by mjglqw |
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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.
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iconicavs
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October 16, 2017, 08:07:46 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?
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.
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Kallipso
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October 16, 2017, 08:12:58 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?
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.
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Immakillya
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October 16, 2017, 08:50:24 AM |
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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.
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subitlist
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October 16, 2017, 08:56:29 AM |
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I wont do that...except you wil do trade..buy when low and sell when high
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advjump
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October 16, 2017, 09:17:23 AM |
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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. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Indrawan77
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October 16, 2017, 09:19:30 AM |
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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
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marcbitcoins
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October 16, 2017, 10:19:36 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 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.
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Jonashe
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October 16, 2017, 10:31:41 AM |
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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.
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sweetbet
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October 16, 2017, 10:39:36 AM |
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If you're storing it in an online wallet, it could be stolen.
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danjonbit
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DanJoN
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October 16, 2017, 10:43:07 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?
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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Hannahanto
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October 16, 2017, 10:43:41 AM |
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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.
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iyan33
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October 16, 2017, 11:00:48 AM |
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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.
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Klausi
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October 16, 2017, 11:42:32 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 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.
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pawanjain
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October 16, 2017, 01:20:26 PM |
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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.
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Question123
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October 16, 2017, 01:50:45 PM |
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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.
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eminemcookie
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October 16, 2017, 01:59:55 PM |
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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.
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