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Wicked17
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October 17, 2017, 05:31:20 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 is when your investment will all lose. There is no guarantee that it always increasing the price of bitcoin. There are times that it dumped so hard like last year are you ready for that risk? The risk that when you do not take precautions to your bitcoin wallet and lose your private key(access) and there is a people who can hack your bitcoin. |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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shafiqsakri
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Activity: 98
Merit: 10
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October 17, 2017, 05:51:08 AM |
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Just invest what are you willing to lost...never all out if you are curious in this Bitcoin... Probably i can say all thing in this world got risk...its how you manage the risk...  |
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brobbel
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October 17, 2017, 05:55:49 AM |
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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.
I think this pretty much sums it up. If the quantum computer technology enables a way to easily creates a private key for you every wallet available, bitcoin will have no value at all anymore. Unlikely, but possible. That's even going further than option 1 (loss in Bitcoin's price) because then it has no value at all anymore. |
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maokoto
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October 17, 2017, 06:00:16 AM |
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In addition to the price suffering a big crash to zero (which can happen but it is not too likely) I see the higher risk of losing the BTC due to hack or accident.
Hardware wallets could break down...
Paper wallets could be lost or burned (even if you put them in a safe you can forget the password or something)
Wallets in your HD can suffer from damage to HD...
Yeah, you can put several layers of security, but nothing is infallible... and if you have a good ammount of Bitcoin is too much money even for paper wallets, copied seeds or whatever. You can minimize the risks, but it is still a risk and in my view it is a much higher risk than Bitcoin going to zero.
You do not have that kind of risks with a regular savings account (although I agree you have others).
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Laski
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October 17, 2017, 06:13:38 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 when bitcoin disappears altogether, and until it drops 3-4 times, people will keep it, which means that the price will also hold. Total agree with you but do not worry holding Bitcoin now is 1 of best way to get profit |
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mkmdoc
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Activity: 658
Merit: 251
VIMee - Social Network
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October 17, 2017, 06:15:41 AM |
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In every investment you have face the risk, without risk it is not possible to find the gain from investment you are going. The best suggestion is always invest where if you loose that it should effect your personal needs.
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n691309
Legendary
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Activity: 1526
Merit: 1001
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October 17, 2017, 06:32:52 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 you have in investing in bitcoin now is the price falling drastically. The truth is that no one knows what can happen next, so it is still okay to consider bitcoin a bit risky investment and no one can actually tell you to make a decision except you. Still, if you are having this mindset of just banking on the increase in price, then it is better you just look for something else, cause there would be bad days and good days, and it won't be nice for you panic selling at a loss hoping you will only be experiencing good days. If you look at the trend of things though, I bet you should know by now that it is worth the risk even if you see the price falling. |
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Karimeen
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October 17, 2017, 06:39:29 AM |
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The risk of bitcoin is that if somebody steals or hacked the bitcoin from the wallet there is no mechanism to recover it. The best way to store your bitcoins is on disk that is disconnected from the internet. We
cannot use a credit card to buy bitcoin online.there are many exchanges
that offer such services.Now bitcoin is in its infant stage now
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noictib
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October 17, 2017, 07:40:40 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 don't think that there is any risk involve in the bitcoin to hold Because I am in this field since 5 years + but didn't seen yet any big loss for any person . But here it doesn't meant that you should buy and leave it without using and you will become rich perosn in 24 hours , Here you will need to handle the new new situation during the flcutuations in the price of the bitcoin . And also you should have experience to manage your btc with the altcoins ( that is known as trading ) , if you will manage your btc with the better way then I don't think you will face any loss in the future . And also if you don't know how to handle btc , then still you can buy and hold for one one to two year , surely you will make sufficient amount of profit . |
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beezunus
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October 17, 2017, 08:18:58 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?
if holding bitcoin for a long time the biggest risk is loss because if the price goes down and does not come back then your waiting will be in vain, bitcoin price is unpredictable |
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Jateng
Full Member
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Activity: 1263
Merit: 148
Think Different
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October 17, 2017, 08:34:41 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?
Putting your money into bitcoin? As in all your money? Then you will ask us what is the risk ? Are you insane? Do you even think wat could be possibly happen to bitcoin next month? Or next year? Or on the next day or time you converted your money? What if it does not goes up high and just remain its value? What if bitcoin crash? What if bitcoin is ban? So many "what ifs" so many question. What are you going to do if that really happen. The thing is "we are not so sure about bitcoin because by time to time it changes very quick", right? That's true. It is not risk. It is a very big risk. |
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zypa
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October 17, 2017, 08:36:07 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?
if holding bitcoin for a long time the biggest risk is loss because if the price goes down and does not come back then your waiting will be in vain, bitcoin price is unpredictable So far the trend is still upwards. When it will be under heavy negative news and pressure if you find urself at -20% for 6 months , now that is a difficult situation. So we should use common sense and have escape targets along with profit ones. |
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prtty2gal2
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October 17, 2017, 09:27:37 AM |
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people are saying that BTC might "button-out", which means it will completely lose it's value. How is that even possible? That would be that everyone would need to sell their stack in order for the price to reach zero. There is no way that such coordinated effort will ensue.. the ony possiblity is that it might take a huge dump, which will give you enough time to exit if you decide to do so, but losing the entire value in just a matter of days.. no way. I don't see how this can happen - you risk on losing a big portion of your holding (50% +) but losing everything is unlikely in the short-term
Who are the people? You are the people! If you want to set the value of your coin lower than what you bought it, then the choice is yours. We are the ones who have placed the present value of bitcoin as it is. No one will definitely stop you if you want to sell all you have lower but as long as there is someone willing to purchase what you have, that is what keeps the value going. Dropping to zero will be a very hard thing, but nothing is impossible. |
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pratik009
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October 17, 2017, 09:42:08 AM |
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I think there is no risk for holding btc.because if you think for the long term investment then holding of btc is the best way to make profits. Bitcoin value increaseing and decreasing everyday but if you see the history of bitcoin then the bitcoin price increased too much.Before nine years you can buy only two pizza for 1btc and nowadays its crossed up to limit of $5200.so I think by holding btc you can get big profites.
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btc-facebook
Legendary
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Activity: 1862
Merit: 1015
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October 17, 2017, 09:49:02 AM |
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That's the risk for being investor, for example : if you believe that bitcoin will reach $ 100.000 / btc for next 4 years , some people also think the same by holding it, imagine how many people will become millionaire !?
It's too good to be true ,right ? IMO people must sold some if they have reach some profit rather than sorry
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truongdhnh
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October 17, 2017, 09:58:54 AM |
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The risk of holding Bitcoin is the human factor. The goverment of some countries might try to ban bitcoin, spread bad ideas, cause division. It seems like bitcoin has much work to do in transitioning people out of government fiat.
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Pakboy
Full Member
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Activity: 195
Merit: 100
"Proof-of-Asset Protocol"
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October 17, 2017, 10:14:33 AM |
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I think there is no risk of holding bitcoins because holding bitcoins is really an advantage. I am holding my bitcoins because I know that I will gain many benefits by storing it in my online wallet.
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mitchr4
Legendary
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Activity: 2688
Merit: 1017
Join the world-leading crypto sportsbook NOW!
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October 17, 2017, 10:21:34 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?
AFAIK there is no risk when holding Bitcoin because the price is always good on every time. Just maybe when holding bitcoins for long term It could not be safe that is why we must save the backup data or private key to secure it. |
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bozo333
Sr. Member
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Activity: 742
Merit: 255
CryptoTalk.Org - Get Paid for every Post!
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October 17, 2017, 11:21:50 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?
AFAIK there is no risk when holding Bitcoin because the price is always good on every time. Just maybe when holding bitcoins for long term It could not be safe that is why we must save the backup data or private key to secure it. Bitcoin is hold is the risk fort the future. It will some time down the bitcoin process. So you will careful handle the bitcoin. If you have bitcoin 10% you sell the bitcoin 5% you will sell the bitcoin 5% it is useful to the future growth. Bitcoin is the if you hold you will wait for the bitcoin high. But it will give more sajason for the prices information. you will check the bitcoin prices every day it use for the selling and buying. |
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carlerha
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October 17, 2017, 11:38:54 AM |
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I think there is no risk of holding bitcoins because holding bitcoins is really an advantage. I am holding my bitcoins because I know that I will gain many benefits by storing it in my online wallet.
Currently bitcoin is uses as for the purpose of trading and investment. So all types of investments are risky. but if a person want to make money then he need to take the risk. because without taking risk no one can make money. I think in present time bitcoin is the best place to invest your assets. because it can give you a good profit that is not possible even from day job. Bitcoin has already made people rich and still it has more potential to make more people rich. |
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