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Author Topic: What Are Your Greatest Fears As a Bitcoin Holder?  (Read 2335 times)
TechDirectory
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November 02, 2017, 12:06:03 AM
 #1

"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.

Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.

We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com

What are the top risks for Bitcoin holders?

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November 02, 2017, 12:33:16 AM
 #2

The only thing that scares me with my bitcoins is when it becomes impossible to cash out meanwhile nobody (merchants) accepts bitcoin as payment. But I doubt it would happen because the silk road will always be there to accept bitcoins.



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November 02, 2017, 12:40:29 AM
 #3

My greatest fears in bitcoin is when the time comes that bitcoin will be at lowest value. If this happen, we all of us will suffer from dumping in it. But for now that was impossible to come because as we see.  Bitcoin is unstoppable from increasing its value

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November 02, 2017, 12:41:20 AM
 #4

1 If the bitcoin becomes a bubble and burst. This will be linked to the flash crash but this time that looks impossible.
2 If the exchange site will be banned in the various country because of the exchange site as a centra key in the bitcoin or crypto.
3 Too many hackers, scammers in the crypto.

A lot of the things that makes me fear about the bitcoin itself. But the politic and regulatory seems to be a serious thing rather than other.

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November 02, 2017, 12:43:23 AM
 #5

When my country ban bitcoin and when bitcoin is impossible to be purchased for being too expensive sometimes i scare about how if my assets got hacked by hacker.

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November 02, 2017, 12:44:03 AM
 #6

"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.

Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.

We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com

What are the top risks for Bitcoin holders?

The only fears that as bitcoin holder is the possible hacking into my onlinr wallet. I believe that if the hacker is clever and good in doing such evil activity ,he can able to steal any bitcoin online wallet. Thats is very discouraging if that happend.
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November 02, 2017, 12:57:37 AM
 #7

My biggest fear as a bitcoin holder is for it to become nuisance and it to be considered as a invaluable in the real market for conversion.

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November 02, 2017, 01:00:30 AM
 #8

My biggest fear as a bitcoin holder is for it to become nuisance and it to be considered as a invaluable in the real market for conversion.

This kind of fear is for altcoins only and not applicable on bitcoin holders. There so many merchants that already accepting bitcoin as payment especially on Asian and EU country that widely supports bitcoin, So there is no need to fear that someday Bitcoin will be worthless because the price now is too high and far from being no value.

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November 02, 2017, 01:02:22 AM
 #9

My fear in holding bitcoins is that, when I am hodling in my wallet. I feel that the bitcoins I am hodling will be missing because the wallet I am having has many bad reviews. But it is the reliable wallet here.



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November 02, 2017, 01:04:09 AM
 #10

At first i tell that every step in bitcoin pump. Now you see the current rate of bitcoin is 6817 usd. Its so much happy news for any bitcoin holder. And price can be up more.

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November 02, 2017, 01:09:01 AM
 #11

Hacking.this is the only fear i feel.i have put a lot of my efforts to earn those.so if they got steal i dnt knw what im gonna do

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November 02, 2017, 01:18:12 AM
 #12

"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.

Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.

We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com

What are the top risks for Bitcoin holders?

It is true that everyone fears hacking and deceit, but there are many more problems in terms of choosing altcoins that lead to big losses in choosing to play trading, and setting up fees or entering wallet addresses is even more frequent. only the hasty man who finally made it happen. and carelessness for those who hold the bitcoin itself ..

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November 02, 2017, 01:24:32 AM
 #13

My greatest fear as a bitcoin holder is when the price drops down dip, we should not be carried away with  increasing price because there is going to be price pullback or price correction which may prompt holders dumping it invariably crash the price, I am not pessimistic about it.
More so bitcoin is prone to hackers and this is also a  disadvantage of holding bitcoin.

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tryer12
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November 02, 2017, 01:26:53 AM
 #14

People losing faith in the coin which will cause a price drop that can reach 0 at some point.

Creepings
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November 02, 2017, 01:37:31 AM
 #15

"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.

Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.

We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com

What are the top risks for Bitcoin holders?

I am thinking of two major reasons:

1. Satoshi holds 1 million Bitcoins, if Satoshi unloaded or sold all of his bitcoin, the price will go down. Even the normal users are afraid when this happens.
2. If a genius hacker found a backdoor to the blockchain and try to do double spending which will again, make the bitcoin price plummet down, happened in the past but it is resolved, after that bitcoin has no backdoors but no one knows, it might happen  again.



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Warkop
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November 02, 2017, 01:45:38 AM
 #16

Hacking.this is the only fear i feel.i have put a lot of my efforts to earn those.so if they got steal i dnt knw what im gonna do

everyone will be just like you, if you hold a lot of Bitcoin in your wallet, especially if you have a business using Bitcoin, maybe many will be encouraging you to know the weakness of your wallet, but if you strengthen the email by adding 2-step verification in email you i'm sure all will be fine.

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AriannaSantosUU
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November 02, 2017, 01:49:15 AM
 #17

"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.

Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.

We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com

What are the top risks for Bitcoin holders?

The only fear that I have is that other people will give in to their fears and cash out their bitcoins when terrible news comes out. Government bans and top financial heads bashing bitcoin are the main culprit. Even the unbiased(?) opinions of top websites can bring bitcoin to a low.

winderx
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November 02, 2017, 01:50:59 AM
 #18

My biggest fear is losing my private key..
leex1528
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November 02, 2017, 01:52:06 AM
 #19

My fear is missing out.

I missed out on the beginning.  When I got involved Bitcoin was roughly around 700 dollars a coin.  I worked hard and got up to a few Bitcoin.  Then I made the biggest mistake of my life, I bet all my Bitcoins that Hilary would win the election over Trump.  I bet 3 Bitcoins in order to try and gain about 2 more(so 5 total).  If I bet all 3 of my Bitcoins on Trump, I would have won around 12 Bitcoins.  Then Bitcoin decided to take off....Still bitter about it all!

NerdYale
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November 02, 2017, 01:57:40 AM
 #20

For now, my biggest fear is that my country will eventually ban on bitcoin and its involvement. There will be nothing to cash-out my bitcoins then, I have been starting to look for alternatives on how to solve this problem when it happens. Hacking may happen, but you can still earn bitcoin, but if there is no place to cash out, my bitcoin will mean nothing.

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