What is the risk of holding Bitcoin?

[sam53]

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?

For me the risk of investing in bitcoins is their price, maybe you're holding it for top long that will come to the point that your money will be worth nothing. But that will only happen if and only if the value of bitcoins will drop and will totally fall. And we all know that it will not happen because a lot of big people are in to thia stuff and they will not let their money go to nothing. So the second risk is it might get hacked if their will be a very great hacker that will hack you wallet so bitcoins will not have liabilities to that if that happens. And also the price is not stable so if you hold your bitcoins and spmething happens then it falls and when you needed the money, you will probably cut your loss and thats awful

I think there is no risk while holding bitcoin rather it is good for making more and more money due to holding your bitcoin.

The only risk which the people fear the most is price volatility but price volatility is a part of business because investing in bitcoin is a coin business and you should dare to invest money in bitcoin if you want to earn money in a short time and with ease but sometime the conditions are not in favor.

Lets not be naive there are risk when it comes to holding bitcoin, it seems people have forgotten that not too long ago many people that bought bitcoin lost a lot of money so while holding is the best way to make money with bitcoin there is no doubt in my mind there are risk inherent when you hold for a long time.

Hold a long term and don't sell your Bitcoin, you will need to be patient because the price of Bitcoin won't recover fastly as the Bitcoin price are growing fastly at now. Because no one wants to buy it, that's the reason its value will decrease every day until the Bitcoin market be quiet.

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[South Park]

There is a big risk with bitcoin,
who back it up?

It is only user trust, it is even the best trust.
We are the holder and we are the risk.
I have it and I ll buy more,.... more risk

Nothing is backed by anything everything is about trust, the dollar has nothing backing it up but since people have trust in the US economy the dollars keep being in demand, gold is the same, gold does not have inherent value, the reason people used gold was because of its great characteristics as money and now bitcoin is even better at being money than any fiat and gold and that is why it has such a high value.

[pisston]

There is a big risk with bitcoin,
who back it up?

It is only user trust, it is even the best trust.
We are the holder and we are the risk.
I have it and I ll buy more,.... more risk

Nothing is backed by anything everything is about trust, the dollar has nothing backing it up but since people have trust in the US economy the dollars keep being in demand, gold is the same, gold does not have inherent value, the reason people used gold was because of its great characteristics as money and now bitcoin is even better at being money than any fiat and gold and that is why it has such a high value.

I completely agree with the fact that with the help of Bitcoin today you can really earn good and pretty big money. That's just I can not understand the very value of Bitcoin, in relation to gold For example. If gold has material value and its physical body, then Bitcoin does not have it.

[Cordillera]

The risk of holding bitcoin i know is when your wallet is malfunction, or hack by intruder this is common to everyone that have a Web wallet and Software Wallet as well. if your'e using Hardware Wallets, Paper Wallets. the risk is when you lost it. same with Cold Wallets

[CarnagexD]

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.

I must say that the biggest risk a user can faced when holding bitcoin is the risk of losing some portion of it along the way or worst to lose all of them in just one blink. That is the risk of bitcoin as a digital currency. Yes it has many opportunities and possibilities but you have to be careful with your decision because it might get lost.

[Aztek]

If you're storing it in an online wallet, it could be stolen.

If you are storing and holding your bitcoin via online the worst thing that might happen to it is it might get lost. You will never know and can trust online. I mean there will be possibilities that online transactions are not trusthworthy enought because sometimes it gets worse when they handle such payments or your money.

[chviadu888]

We should only invest in what we know
Study a little more about this marke
Very unstable and need to have nerves of steel for a great fall of value
A tip read about Jesse Livermore.

[boris singer]

The biggest risk doesn't really exist if we are daily speculators, the fluctuations will be very profitable and even though the price is down, there is always a limit of correction that can be searched. The risk is that we lose momentum in every major movement. In my opinion, bitcoin will not lose value and we have to collect it as much as possible.

[n0ne]

Someone becomes greedy and tries to make the best earning in a lesser time period. This lets users to loss control and sell bitcoins without holding long. Depending on the fluctuations sometimes users ends selling at an decreased price than the price at which they made a buying. Risk is associated with the uncertainty and the major reason is the user itself.

[RealPhotoshoper]

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.

I must say that the biggest risk a user can faced when holding bitcoin is the risk of losing some portion of it along the way or worst to lose all of them in just one blink. That is the risk of bitcoin as a digital currency. Yes it has many opportunities and possibilities but you have to be careful with your decision because it might get lost.

With the recent price around $7,200 i think just impossible for anyone to get lost all the coin held in "just one blink" .
Holding bitcoin much more safe than hold altcoin and it is vetter investment than any other digital asset.
Thonk about it now and make your decision to add more investment in bitcoin .

[goldade]

Holding bitcoin does have its own risk. Let's consider the following risks.
1. Self Risk: When you hold bitcoin aiming to get some profit from of it, you might be tempted to spend it, there might be some emergency that leaves you no other choice than to spend it.
2. Risk of Loss: Holding bitcoin might result to a loss, as there is with every other investments, due to fluctuations in the bitcoin price. If you are not very careful,  you might end with a loss.
3. System/Device Risk: Ones may lose one's  held up bitcoin to hackers, probably due to insecure connection or negligence on the part of the user

[shezu007]

Holding bitcoin does have its own risk. Let's consider the following risks.
1. Self Risk: When you hold bitcoin aiming to get some profit from of it, you might be tempted to spend it, there might be some emergency that leaves you no other choice than to spend it.
2. Risk of Loss: Holding bitcoin might result to a loss, as there is with every other investments, due to fluctuations in the bitcoin price. If you are not very careful,  you might end with a loss.
3. System/Device Risk: Ones may lose one's  held up bitcoin to hackers, probably due to insecure connection or negligence on the part of the user

according to my opinion there is no risk in bitcoin because the rate of bitcoin is increasing mostly with time so if anyone hold bitcoin for sometime then i think he will most probably earn enough profit which is best step for him. so it means there is no such risk in holding bitcoin.

[redsun114]

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 do not think bitcoin is risky if you keep it, I have never seen someone become poor because of the bitcoin hold so do not worry about this.

Who says that holding is risky because bitcoin is mainly profitable when it is held for the long time this allow the investor to achieve good piece of profit think about those who bought it at 60$ and now at this stage after 7 years this coin is at 6.5K just imagine their happiness level and this is just because they trusted btc and btc blessed them with best it have and so hold if you don’t want to spend, it will be beneficial.

[KingdomHearts]

The risk associated in holding bitcoin comes in two ways, either there is a drop in price (negative), or a rise in price (positive). And every investors and holders of bitcoin waits for the positive rise in price for a good profit.

well i think there is no risk in holding bitcoin i believe that holding bitcoin is feally profitable even if the price will go down it will always go back to the normal price  same as the past history in bitcoin.i believe that there are no negative feedback in holding bitcoin since  holding bitcoin is really a simply strategy that anyone can gain without hustle they just need a patience on holding in order for them not to panic in every droping of price.

What you are saying is what I am calling the positive effect of holding bitcoin. Cause if you sell with panic you might not loss everything, but won't feel happy when the price exceed what you sold yours for.

Definitely me right now! I have sold btc yesterday and didn't expect that it will increase this fast today. We can't really determine whether our decision is right or not.

There are lots of risks involved in holding BTC, but the good thing is that they hardly occur (you can hardly see them happen) and to say the truth, ever since I started using bitcoin I have never experienced anything bad on it.By the way, some of the risks involved being hacked and stolen, but this depends on the platform you’re using. I believe some companies are working hard to improve their security system.

Next is being hard to trade, and I’m pointing that out for newbies that wants to jump into Bitcoin trading believing it is very easy. Next is being too volatile, though this can sometimes be in favor of some people.

[ennovy22]

Risk will be always associated with every business or jobs (bitcoin) and may lead into a results, it maybe a negative results or positive. You can't be successful if you don't take the risk. What is the risk of holding bitcoin? You may lose all of them if you are not careful holding it.

[miltonpogi]

Holding bitcoin can cause positive and negative risk, here are some example of negative risk, as no one knows what happen on the future, you will never know what will happen in your investment in bitcoin, because all your basis came from its performance in this time. There are many scammers in online, if you try to hold bitcoin in the long run many people will try to scam your investment by forcing you to invest in there websites, but here is the positive risk, many people explain that bitcoin is like gold if you try to hold it it the long time your investment will rise, in short the risk that I am pointing for are "you will loss your bitcoin" or "you will grab bunch amount of money".

[prtty2gal2]

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 really believe in bitcoin, you can say to yourself that it has almost no risk in investing to bitcoin. It always depend on how much do you want to risk because I think we always have doubt sometime, and not 100% trust the current position of bitcoin. It is not like buying a phone which deppreciates its value on the next day after you bought it. Bitcoins value is always uprising so maybe the risk is negligible.

There are so many cryptos popping out with great and greater innovations and when they can prove themselves to be useful and people tend to adopt its usage, then those are the kind of new altcoins or ICOs worth investing.

All the above, they can still be very risky as well depending on how far the team is willing to do everything to push it, but most times, the coins doo speak for themselves and they can be worth holding for long term. With BTC though, the risk reduces.

Indeed, we have a huge variety in crypto currencies now and I don’t like this thing very much. I has become a way of earning for many people and money earning is what he can do now. In a world full of crypto coins, more people are investing in them now but no digital asset is as good as bitcoin in returning profit.

Bitcoin is making great progress but we cannot avoid dumps. However, holding on for a few months will increase the capital enormously.

[Fear]

I think there is not a big risk when holding Bitcoin. Maybe, price falls down at some points, but in the long-term, Bitcoin will get profit to you.

[yvesp110]

Holding bitcoin can cause positive and negative risk, here are some example of negative risk, as no one knows what happen on the future, you will never know what will happen in your investment in bitcoin, because all your basis came from its performance in this time. There are many scammers in online, if you try to hold bitcoin in the long run many people will try to scam your investment by forcing you to invest in there websites, but here is the positive risk, many people explain that bitcoin is like gold if you try to hold it it the long time your investment will rise, in short the risk that I am pointing for are "you will loss your bitcoin" or "you will grab bunch amount of money".

There is no such type of risk in the bitcoin because total loss is possible in the physical investment whereas in bitcoin it goes down people start buying it and it price get recovered and that’s the beauty if bitcoin that it assure that profit will come but it will take some time and from now on bitcoin will be rising and rising and prices will go beyond the 10k soon because people and regions are accepting it.

[Gozie51]

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?

What I see to the big risk of bitcoin is not really the dip or dive as OP is envisaging but the loss of security codes or transfer of coin to ,wrong, unwanted, undeserved and unmerited wallet - this is the risk and not dipping because when it dips, it most likely going to make a come back but lost... ,you can't retrieve.