What is the risk of holding Bitcoin?

[dark08]

Holding bitcoin for a long time is risky in the sense that bitcoin value can be sometimes unpredictable. But as we all know,  every investment endeavor has always a risk involved. However,  if you intend to hold it for a long time then make sure to secure your account and wallet especially your private key as there are cases that it can be hacked.

Yes this is really true the price are volatility which means every second minute hours there a change we dont know how long this bitcoin will run dome analize said that bitcoin will run only in the year of 2020.
Its so risky to hold bitcon why? Because in some event people losses their bitcoin maybe they hack or loss a private key.

[1715306297]

1715306297

[1715306297]

1715306297

[1715306297]

1715306297

[1715306297]

1715306297

[1715306297]

1715306297

[1715306297]

1715306297

[Jaya912]

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.

Why better to hold bitcoin than fiat money? Do you know the risk?
I have actually the same opinion with you, hold bitcoin can give us high profit if the price increase, thats why better hold bitcoin than fiat money.
In this case, we need to know the risk too, the risk is we can loss our capital when we hold it if the price decrease.

[sheryl26]

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 the volatility of it, because we can even know when will they pump or when will they fall. When they pumps that is a food thing but what if they fall that is the biggest problem. When they fall entirely the whole bitcoin community will go crazy because billions trillions of money are in here and those people who own it do not wanted to lose their money. And the hackers also they can interrupt oir transactions knowing that this is digital and any digital things can be hacked. Thanks to god that no hackers yet can break into our systems.

[arlington]

The biggest risk of it is to lose your money because if your country bans it and if you can`t convert your money into fiat currency than it would be worhtless to hold it.

[qwertyup23]

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, you need to understand on why investing into bitcoin is a "high-risk, high-reward" scheme on where there is the potential of doubling/losing all of your investments in one go due to lack of collateral compared to others. Below are some of the reasons on why holding bitcoin is a bane or boon in the future:

1. Due to bitcoin's decentralized and volatile nature, the prices of it may skyrocket without sudden notice. Though there may be news incoming, no one ever can accurately predict its price;
2. Bitcoin exists on the internet, meaning there is always the potential threats of scamming your online wallet or losing all of it in the event that your online wallet gets stolen by the users;
3. Holding bitcoin may be an opportunity, especially when you consider its price increasing every single day but many big investors/companies are saying that it's the biggest bubble on the internet. Being a intangible asset, whales might manipulate the price; and
4. The lack of government intervention makes it very difficult to legalise into some countries and hegemonic countries might adapt a system of banning the said currency throughout the world.

Though there might be risks when we invest on it, we cannot escape the fact that bitcoin helped millions of people financially (including me). Not to mention, it already made millions of people rich by just holding it. Last January 2017 the price of bitcoin was around $1000. Let's say you had 0.1 btc and you did not spend it until now, then by just holding your 0.1 btc (which was priced around $100) you have at least made x20 since 0.1 btc currently is priced around $2000. There may be a sword of Damocles hanging by just keeping it, but the opportunity outweighs all of it.

[audiman]

with bitcoin , Investors haven’t seen such high returns from other investments within such a short span of time. So many of them are tempted to try it out, hoping to make quick investment returns,The problem is apparent: If global bankers don’t understand the phenomenon, retail investors might not have much of a chance either. So what should you do? Follow the simple yet profound wisdom of Warren Buffett—if you don’t understand it, don’t invest in it.

[ajiejot]

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.

Exactly, bitcoin wallets that are in hardware are much better and secure. Also there are some bitcoin wallet that you do not own your private keys, some company owned our private keys. Much better to use open source bitcoin wallets.

[GothicTauren48]

I think the risk of your wallet getting hacked is one of the biggest risks out there. This is true unless you hold your Bitcoins in a hardware wallet, of course.

[doomistake]

For me the risk of holding bitcoins, is there are more possibility that it can be hacked by hackers if well not protect or secured it very well, and i think the risk of holding bitcoin is to forget the private key of our wallet, and last risk holding bitcoins is the stability of price of it it can be decrease and it can also increase

Very well said, but also the risk of holding your bitcoin is you might forget your private key because you are not always checking your wallet that is why you forget what id your private key, or you can't remember where did you put your whitepaper. But if you are storing your bitcoin in a hardware wallet, then you don't have to worry about losing your bitcoin because of hackers, hacking your bitcoin in a hardware wallet only have a little chance that it could happen.

[skillink]

Every cryptococcus has risks, but is proportional to the profit we get if we can understand the character of the coin. If you want a long-term investment then Bitcoin is suited for that.

[nasqar]

The risk:
You can be rich

Peoples may be jealous.
It should be okay

[rog1121]

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 of holding bitcoin is maybe when bitcoin prices suddenly drop and persist at low prices for a long time

There is no risk now in holding bitcoin because now the users of bitcoin is very less number when the users are increasing then the rate will be increasing yes when bitcoin will get maximum users throughout the whole world then you need to sale bitcoins at that time there will be risk in holding.

[Sony.UK]

The main risk is you can choose the right wallet to save your bitcoin. Because nowadays many wallets are hacked due to this you lost your bitcoin. Another risk is if you are holding bitcoin for long time, the price is unpredictable whether it is increase or decrease in future. If it dumps its a great loss.

[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?

I think your biggest risk is investing in bitcoin ie you get a loss of what you invest, but if you are lucky you will get a very high income from your investment. Because bitcoin prices have a very good volume.

[Chair ee law]

Of course risk is everywhere!  Upon investing on bitcoin, the highest risk you could have is losing all your money. This is the counterpart of the fact that you could also get highest return of your investment. Always apply trade-return trade off.  And remember: invest only what you can afford to lose.  

[South Park]

For me the risk of holding bitcoins, is there are more possibility that it can be hacked by hackers if well not protect or secured it very well, and i think the risk of holding bitcoin is to forget the private key of our wallet, and last risk holding bitcoins is the stability of price of it it can be decrease and it can also increase

True! In that sense, you will lose absolutely everything you have and you may never find out who the culprit is since everything in the blockchain technology is heavily encrypted. Hence, you have to first and foremost prioritize securing your Bitcoin accounts and wallets.

But as for me, apart from what you have mentioned, the risk I am most afraid of is when the price of Bitcoin will greatly decline. I am most anxious about it considering the fact that its value is constantly fluctuating giving a semblance of a bubble that may just pop at any time. I am not saying I am losing faith on Bitcoin, what I am saying is we never know what to expect; and, the bigger your wealth becomes, the greater your risks as to whether it is still a time to hold or to sell.

The problems is the lack of culture when it comes to secure our data, many people install bitcoin wallets in pirated copies of windows, they are just asking to get hacked and to lose their money, now if the amount of bitcoin is low the damage is not that great but people have lost hundreds of bitcoins and that is something that no matter who you are you are going to feel that.

[VikashSurin]

i think there is no risk of holding bitcoins for atleast 5 to 10 yrs

[tyronecoinbit]

For me the risk of holding bitcoins, is there are more possibility that it can be hacked by hackers if well not protect or secured it very well, and i think the risk of holding bitcoin is to forget the private key of our wallet, and last risk holding bitcoins is the stability of price of it it can be decrease and it can also increase

True! In that sense, you will lose absolutely everything you have and you may never find out who the culprit is since everything in the blockchain technology is heavily encrypted. Hence, you have to first and foremost prioritize securing your Bitcoin accounts and wallets.

But as for me, apart from what you have mentioned, the risk I am most afraid of is when the price of Bitcoin will greatly decline. I am most anxious about it considering the fact that its value is constantly fluctuating giving a semblance of a bubble that may just pop at any time. I am not saying I am losing faith on Bitcoin, what I am saying is we never know what to expect; and, the bigger your wealth becomes, the greater your risks as to whether it is still a time to hold or to sell.

The problems is the lack of culture when it comes to secure our data, many people install bitcoin wallets in pirated copies of windows, they are just asking to get hacked and to lose their money, now if the amount of bitcoin is low the damage is not that great but people have lost hundreds of bitcoins and that is something that no matter who you are you are going to feel that.

You have a point, but in my opinion I think the risk of holding bitcoin is when it will suddenly going down or let we say "crashed" that we called hard fork. And will never come up again. The worst thing is, the bitcoin that you had hold in long-term will also gone as well.

[CryptoTrump]

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 only risk with bitcoin is price fluctuations. sometimes the bitcoin price gets high and sometimes the price drop, but one thing for sure the price will always recover.

[LeChatNoir]

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?

Just don´t put all of it into BTC, I guess we will see some pretty nice volume incoming in the next few Months but prices were soaring incredibly just play it with common sense.