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Getcoinsite
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November 09, 2017, 12:11:55 AM |
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The biggest risk in holding bitcoin is about the value,it wasnt stable always comes up and down u must be aware of that ,and another thing is the hackings computer experts are all over the crypto community so aalways be carefull in every site and links that you will be entering..coz theybmight be the way of hacker to go in your system.
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Icaxx
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November 09, 2017, 01:29:15 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 volatile price of bitcoin. If you invest to it so you are ready to loss or at least get less price. Be prepare before invrsting money into this crypto. |
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FDC1412
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November 09, 2017, 03:14:57 AM |
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The biggest risk that you can encounter is that bitcoin can decrease in value unexpectedly this already happened some time in early 2017. Since you are already own and hold bitcoin, you already have your money by yourself so the only risk is that the price of bitcoin can drop.
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hicaribou
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November 09, 2017, 10:00:28 PM |
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I think the risk is about the price of bitcoin. because the price is fluctuating so you may lose your money value if someday in the future the price will drop. Beside that, bitcoin is digital money and the wallet is using internet so hacking is one of the risk.
Bitcoin blockchain isnt hackable, but your computer/connection and private key can be hacked |
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Pendularin
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Merit: 10
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November 09, 2017, 10:48:29 PM |
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I think the risk is about the price of bitcoin. because the price is fluctuating so you may lose your money value if someday in the future the price will drop. Beside that, bitcoin is digital money and the wallet is using internet so hacking is one of the risk.
Bitcoin blockchain isnt hackable, but your computer/connection and private key can be hacked In terms of fluctuating behaviour, I guess that the risk their and volatility can be so unpredictable that's why those doubtful investors doesn't appreciate an assurance that it will have long time term. Being hacked is your preventions and you won't be able to have secure access if your security is not tight like of having an antivirus protections on your computer. |
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South Park
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November 09, 2017, 10:59:36 PM |
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I don't think of the risk of.holding a bitcoin .... Because it never a risk to hold bitcoin...I always want to hold it...
There are always risks when you hold bitcoin, many people are not seeing that because the last months in bitcoin have been nothing but positive news when it comes to the price but things are not always like that, there were years that were very difficult in which bitcoin lost money or did not move much. |
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samcrypto
Sr. Member
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Vave.com - Crypto Casino
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November 09, 2017, 11:49:06 PM |
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You may lose your private key and your coin will disappear, that's one thing.
Also if you are holding your bitcoin in not so safe wallet then you will surely on risk. You have to be careful on holding your wallet and make sure that no one can hack it specially when you are holding much bitcoin. |
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Senja Kemuning
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November 10, 2017, 01:02:08 AM |
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You may lose your private key and your coin will disappear, that's one thing.
This is the thing we have to pay attention to, we should be wary of security issues, in addition to losing the private key account may be hacked, I recommend to divide the bitcoin balance into some wallet, do not put bitcoin on one type of wallet because risk at loss. |
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Decimation
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November 10, 2017, 01:05:26 AM |
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The risk is pretty straight forward lol. If you have money in BTC, then obviously there is a chance it could crash and you could lose a lot of money, but then there is also the benefit where it could just raise out of nowhere and you could gain like $70.00 in 5 minutes.
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Cotton Candy
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November 10, 2017, 01:21:35 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 holding bitcoins is when. Your country ban it. Because if you have a lot of bitcoins and you hold it for a very long time lets say for 5 years and the value of you are holding is worth a million and them one day your county's government decided to ban it, you will end up into nothing because they are not going to give you that kind of money. And those years you hold that coins comes to an end eith nothing. But that is ways too impossible because bitcoins can gelp in the economy so the worst thing to happen is bitcoins being worthless. |
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daringdiscovered
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November 10, 2017, 02:40:00 AM |
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You may lose your private key and your coin will disappear, that's one thing.
That could happen for sure if you don't have any back-up files of your private key, also it is possible toose your bitcoin if you are storing it on an online wallet, but if you are storing your bitcoin in a hardware wallet, then you don't have to worry about losing it, you just have to place your hardware wallet where it is safe and not too noticeable by others. |
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justdimin
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November 10, 2017, 05:32:44 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?
The time you put your money into, its already one of the biggest risk. Because the value of Btc is unstable no one knows when it will fall or rise, it might gave us a hint when will the btc value change but its not always accurate. Plus your wallet security. Hackers are always around the corner. Volatility is something that anyone that is investing in bitcoin should know from the onset about. We will keep seeing that and then you get to a stage when you do not have to worry so much about the volatility and then you have become even a stronger community looking for those huge drops in price to buy even more. The most important thing is to know that there is risk in every investment and the risk anyone is taking now cannot even be compared to what someone took in 2009/2010 which seems pretty much a huge risk back then. |
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PeaceDude
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November 10, 2017, 09:25:22 PM |
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The manufacturers should market saw it like a various cryptocurrency, but there is no way to eliminate these pump motor and get rid of cycles...
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South Park
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November 10, 2017, 10:52:08 PM |
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You may lose your private key and your coin will disappear, that's one thing.
What you say it is correct but at the same time you need to be very careless for that to happen to you, that has never happened to me since I have backups of all my private keys just in case my computer crashes so if someone losses his money that way it was because he was dumb enough to let that happen to him. |
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coinplus
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November 11, 2017, 03:55:09 AM |
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you can earn by waiting but there's a limit sometimes like in some coins that already gone so you need to search for the coins that you investing because if the developer of that coins is not good enough to handle the coins your money will be gone if its not going well try to invest in coins that already work like eth or xem this two coins already good for invest
Anyone trying to even invest in an altcoin should know that it is even more risky than investing in bitcoin. There are so many shitcoins out there and you have to be very smart and careful so you do not end up with a shit coin and then even the developers’ dump what they have on you. For bitcoin however, you have much more to relax about as there is no way you won't at some point grow in value more than your investment, as long as you do not panic at corrections or huge drops. |
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Kunlejoe0
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November 11, 2017, 05:31:04 AM |
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The risk of holding bitcoin is not holding it. I am sure you must have seen bitcoin prediction in terms if price and you must have thought to yourself how ridiculous they those predictions are. The truth us those predictions are the potential of bitcoin.
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Ewinsane
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November 11, 2017, 06:50:44 AM |
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The risk of holding bitcoin is you may get correction in price after the rise say like 20% max apart from that here is no risk at all. Schedule your buying and you should be fine. Bitcoin is still the best currency that ever was!
Many argue that bitcoin, like other currencies, has value only because people perceive it to have value. It is for this reason that many critics view bitcoin's price development. Despite bitcoin's impressive annualized return, the reality is that the currency is still in its infancy and no one knows whether it will really become globally accepted or whether it will eventually disappear. Yup! You can consider it as a possible risk in holding bitcoins. Using your bitcoins for the sake of investment and trading is a better option than keeping them in your pockets waiting for the price to increase substantially. If someone has good skills set and proficiency level does meet the demands of trading methods, then he must opt for it because even if the price increases, it is always not more than 50 percent of the previous one which is not enough for earning the desired level of success and money. |
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lienfaye
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November 11, 2017, 08:29:21 AM |
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For me the largest risk of holding a bitcoin is that the posibility to free all of your cash. You ought to have an idea about bitcoin like how it works before investing on it.
Its true, and go all in is not advisable in every investment not just in btc. For me the risk of holding bitcoin is not having an assurance that your investment will turn out good, because many possibility might happen like the price decrease and currently its happening because of the cancellation of S2x. |
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katiecbell
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November 11, 2017, 09:05:14 AM |
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The risk that I can see on holding btc is getting hacked and nothing will be left. There is a possibility that when you are checking or transferring your btc is they have already injected a malicious virus that will take control of everything.
In my opinion, holding the bitcoin is the best thing to do. The only thing which matters the most is your own knowledge. You actually need to be well aware of all the scammers which are sitting around you. Other than this, there is nothing harmful in holding of bitcoins. In fact, holding will help you in making a very good amount of money. You only need to remain calm under any kind of circumstances. |
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carlisle1
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November 11, 2017, 09:17:19 AM |
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For me,its when the price decrease larger than i bought it,and never recover for long .justvlikw what had happen in 2013 that the price stays low for i think 3 yrs or more.how could you stand that long term when you investment is the only income your expecting,so better to invest not more than you can loss so u can stay holding until the price grows up again
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