What is the risk of holding Bitcoin?

[Osarman]

If you lose your Bitcoins, they are gone. No mechanism is present to recover lost Bitcoins. If your Bitcoin wallet gets hacked, all its content is gone for good.
If you accidently make a bigger payment with Bitcoin – gone! Forever!

This is true because of the decentralized nature of bitcoin. Bitcoin never ever allows any third party to control it. As far as the hacking of bitcoin wallet is concerned, it depends on the type of wallets you are using. It also matters that how many people know about your wallet.

Don’t ever discuss the type of wallet you using or its password. Using offline wallets reduces chances of hacking. All such steps reduce hacking risk.

[dragonbhai]

If you have little money left and you invest it on bitcoin then the biggest risk would be getting financially down. Just balance the money you can invest and the money you need for daily expenses

the risk of holding bitcoin is to lose but thats have less potential to lose if you are a long term investment and the other is low security of wallet if you are a holder bitcoin you have potential to earn for investment but you can see your earn in a year..and the risk is to lose

[iram701]

Just like other financial instruments that existed earlier, Bitcoin not only bring potential, but also the risk. The price of this virtual currency does show a very promising prospect, but there is a minus value that makes the use of Bitcoin still need to watch out for. Either as an online payment tool or investment asset. the risk of holding bitcoin is you can lose all your bitcoin.
Bitcoin is stored in a virtual wallet that can be fitted with a private key before use. But because such data is stored in the Internet network, security is of course very vulnerable hacked by cyber criminals.

[mrjoy15]

If you have little money left and you invest it on bitcoin then the biggest risk would be getting financially down. Just balance the money you can invest and the money you need for daily expenses

Actually, this is very true. Otherwise, I've got no intention of doing anything but HODL just you guys don't worry but it's frustrating to watch the charts in every seconds. Look back in 1 year if you truly are hold long term, stay safe, live your life.

[shiunsai]

There is no risk in holding bitcoins for a long term as we have already witnessed the history and price is going higher and higher now so if you have bought your bitcoins in the beginning of this year and still holding then you have already made very high profits only by holding and the same will continue in future too so if you buy now and hold for next couple of years then you will be getting very high profits from it.

[A Fahriz Thiago]

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 greatest risk if you invest in bitcoin may not exist at the moment, because bitcoin is excellent in every way, as well as in future investments. Because bitcoin prices will always increase, if bitcoin prices decline, it will likely not be long.

[gsm_sharif]

I think no risk for holding bitcoin.because bitcoin now a famous virtual currency.many country already give legality.So I trust that bitcoin investment is risk free.

[214missy]

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 I think the biggest risk that you may encounter in bitcoin was when the value of it fall down so hard. And can't regain its value anymore. But I think it will never happen because bitcoin is a fast growing investment. Where you can earn a lot if you just show hard work and dedication. Actually the fall down was not last for a long time. It just happen very quick.

[daglordjames]

for me the rishk of holding bitcoin is the price get's low then it takes a long time to sell it .

[aencarnaci]

Not much risk if youre watching the market and sell out some before they ever might hit bottom.

No there is no risk now in  holding because the rate of  is going increasing like a bullet fire and now all people are holding s for future because they want to make more money in future from .

I think holding right is the best thing to do. The only risk which you can have of holding of bitcoin is when you are not having good control over your nerves. There are likely chances of this thing that the market price will fall down. So at that time, you need to remain patient. If you will go for panic selling, then you will get nothing fruitful in return. In fact, you will regret in the future.

I also don’t see any other risk in holding bitcoin because bitcoin is the only coin which is all the time increasing in value, giving its investors big surprises. Bitcoin is worth holding even for years but as you said, it demands patience and patience itself is one of the most expensive commodities of world. There are very few people who have good nerve control otherwise mostly people forget to remain cool under financial pressure.

[Greenkarki]

Main risk of holding bitcoin is wallet and price. Your wallet must be secure to hold your bitcoin. So choose right wallet and save your bitcoin. Another risk is if you hold for long term suddenly price dumps its also major loss.

[Dobrodav]

protect your private key. and avoid virus. they can change your destiny address. you make sure you check every time you send bitcoin to some body

[nhattori27]

Because the price of bitcoin has risen so abnormally that plenty of people and experts are anxious. It could crash at any time, causing major loss.

[TitanGEL]

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 there is no risk in holding bitcoins. People who have bitcoins are lucky because they can become a rich person because of the bitcoins. Bitcoin is a crypto coin that is full of potential. There is no really risk in holding bitcoins.

[trako]

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.

[gadimbrut]

holding bitcoin in my opinion is good, because bitcoin prices continue to rise, the loss if only hold bitcoin in the short term, if for a long time bitcoin is very profitable. my advice is better to save bitcoin than money.

[South Park]

I think the greater risk would be investing at the higher price then all of a sudden the price will go down, you will definitely get a loss with that situation and will hold your btc until it pumps again and gain a profit.

But you have a complete authority of keeping yourself away from this loss by simply keeping it in wallet and by avoiding selling it at cheap arts. Panic selling is only done by newcomers otherwise, old investors always enjoy dumps because this is the golden opportunity for them about grabbing this coin at low rates. They don’t buy bitcoin when it is going through pump, they garb it when newbies sell it in panic.

This in theory holds true, but there are many people that never learn their lesson and they are always trying to earn money in the short term without having the knowledge about how to trade, and they keep making the same mistake of buying high and selling low and that is the surest way to bankruptcy.

[didoubk]

Everything in this life is riskious and we need to take risks sometimes to make a great decisions. Holding bitcoin is a way of investing that some people are using to improve their money and making their saved some much more bigger. The risk is about the decrease in the price of bitcoin that can happen.

[knightmairesaint]

I think the greater risk would be investing at the higher price then all of a sudden the price will go down, you will definitely get a loss with that situation and will hold your btc until it pumps again and gain a profit.

But you have a complete authority of keeping yourself away from this loss by simply keeping it in wallet and by avoiding selling it at cheap arts. Panic selling is only done by newcomers otherwise, old investors always enjoy dumps because this is the golden opportunity for them about grabbing this coin at low rates. They don’t buy bitcoin when it is going through pump, they garb it when newbies sell it in panic.

This in theory holds true, but there are many people that never learn their lesson and they are always trying to earn money in the short term without having the knowledge about how to trade, and they keep making the same mistake of buying high and selling low and that is the surest way to bankruptcy.

that is true, though we cannot blame them for being that hard headed, we somehow feel sorry. I am once a newbie and I know how hard it is to learn things related to bitcoin without someone guiding me step by step but I think some things can be learn online and through this forum. I have also trade at the wrong time, for every failure that we experience we must have learned something from it that will help us next time we try to do it again. That is how life goes for me, reading might be boring but it is very important especially if you really want to learn. Do not give up easily after failing in trading for the first time and try to find a way to never do the reason why you failed.

Here in crypto currencies, holding bitcoin is risky but to think that we have to something so that we will not lose our bitcoin and that every move we will make is a lot more riskier than holding bitcoin. Do not be afraid and do realize that in crypto nothing is sure and all we do and we will do is a risk, a big risk indeed.

[DBronze98]

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 you keep bitcoin depended on is you buy it at any price. If you buy at too high prices, you risk a lot more than those who buy bitcoin at a lower price.