What Are Your Greatest Fears As a Bitcoin Holder?

[merlyn22]

my greatest fears as a bitcoins holders are hacker, site shutdown, forgetting my password, private key, dropping down price,

[1715182371]

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[1715182371]

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[1715182371]

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[Cryptokingind]

My greatest fear is hacking.If any hakker hack my private key then my account is wiped out.

[Aditya1011]

As a bitcoin holder my greatest fear is that the bitcoin price should never goes down...it should be always increasing...noone can steal my bitcoin from wallet...

[eaLiTy]

Now my biggest fear as a bitcoin holder, is about security, i just look always to stay my wallet in secure level protects bitcoin from hackers and keep them away

Make sure you store your coins in a safe offline wallet to get the best protection available and away from hackers.

I think if I lost my laptop or damaged by any reason than how can I recover my Bitcoin. However I kept password in my separate pen drive.

If you have the back up of your private key and all the passwords ,then what is there to worry.

I do not have any fears,but the major issue is with my in laws who know that i have invested in bitcoin and now with all the articles coming out regarding the bubble and the steep price rise,they are just advising me to sell them off now and invest somewhere else,it is a big head ache now with all these advices.

[Sithara007]

Here are some of my major concerns:

1. Losing access to the 2FA of my Bitcoin wallet
2. Getting a notice from the income tax department of my country
3. Some hacker stealing my coins
4. Bitcoin getting replaced by some other coin or token
5. Bitcoin becoming worthless.

[CARrency]

My greatest fear is hacking.If any hakker hack my private key then my account is wiped out.

Then I guess your fear is also your fault. Hacking someone's private key is not that easy because if it is, there will be a lot of people that is using other crypto currency and not bitcoin. I think what you must fear is when your private key storage is lost or broken, you will be having a hard time getting back what you have lost. As a bitcoin holder, I really fear losing my private key, I have a lot of things like memory where I put or save my private key, but I think the more I care for it, it may become more visible to people that might stole it.

[mobilestrike]

Now my biggest fear as a bitcoin holder, is about security, i just look always to stay my wallet in secure level protects bitcoin from hackers and keep them away

Make sure you store your coins in a safe offline wallet to get the best protection available and away from hackers.

I think if I lost my laptop or damaged by any reason than how can I recover my Bitcoin. However I kept password in my separate pen drive.

If you have the back up of your private key and all the passwords ,then what is there to worry.

I do not have any fears,but the major issue is with my in laws who know that i have invested in bitcoin and now with all the articles coming out regarding the bubble and the steep price rise,they are just advising me to sell them off now and invest somewhere else,it is a big head ache now with all these advices.

Yes some people giving bad advises to bitcoin holders to sell their bitcoins. But you should not lesson people advises now this is clear that bitcoin price rising day by day. More people going to invest in bitcoin as a profitable currency. Then i think the foolish person will accept people advise to sell his bitcoin as the scenario is clear and transparent.

[andiko]

The biggest fear for all, it seems to me, is a sudden price drop and also the fear of hacking wallets if the currency is stored on the exchange.

[aeternus]

My greatest fear is hackers and other kind of cybercrime such as fake website. I am not afraid about bitcoin volatility, I have been here for long time and I have enough experience. The real risk of bitcoin investment is cybercrime.

While that is certainly a risk you can mitigate that risk greatly by taking the right actions, install a safe OS that you are only going to use for your wallet install the wallet and then disconnect that computer from the Internet until you want to use it to make a transaction, put a password in the machine and now you are protected against most attacks that could come your way.

[BlackBird13]

The main fear is that the bubble will burst; the second is that there could be problems with my wallets; and of course potential hacks, as it is digital currency nevertheless.

[PPleaseman]

Hello. Get my money stolen and scammed. Also forgetting or losing my private key and if the prices skyrocket watch all the money you could have got. Actually this would be terrible

Cheers

[poplolnman]

Here are some of my major concerns:

1. Losing access to the 2FA of my Bitcoin wallet
2. Getting a notice from the income tax department of my country
3. Some hacker stealing my coins
4. Bitcoin getting replaced by some other coin or token
5. Bitcoin becoming worthless.

Become worthless should be in everyone's top list, you just can't imagine your investment worth thousands or even millions dollar become nothing. As bitcoin has the capability to do that in short time. But for now we can say it's safe from something like that due the ecosystem has been built very well. Hard to break it.

[shata]

"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 risk that im fearing is when Bitcoin suprised me to crash and it will get decreased of its price and i tend and forced to convert my BTC in to PHP. Well, Nowadays, Bitcoin is so high on its price but if you will noticed, Bitcoin is so volatile. It cannot stick on its price, And this is one of the suprising moments as a Bitcoin holder. Im putting my trust in Bitcoin that it will increase and increase its price and rate and if this price crashed and decrease a lot, i will stop holding and i will convert all of my Bitcoins in to PHP and cash it out.

[clustercrypto]

"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’m bit worried about my bitcoins when it becomes impossible for the liquidity in few countries if price touches 50000$. At this moment everyone selling @ appreciated price.

[Astrilian]

My biggest fear is to miss out on other, potentially faster growing opportunities, for instance iCO's or less established cryptos.

[DesmondHayes]

Fears are widely spread through this community. I think that most of us have similar fears. Noone is safe in the crypto world. Safety must be accomplished and secured. My greatest fear is forgetting about my private key. I always think about silly things. The example is what would be if the car hits me and I lose my memory? I wouldn't remember I am Bitcoin holder. I couldn't even remember what Bitcoin is and the main problem would be I would have forgotten my private key. There are a lot of the treats that are making Bitcoin holders afraid... Scammers are the one reason and Bitcoin fail and doom would be the other.

[spinach98]

My Greatest fears as a bitcoin holder is that when my account will be hacked or I get scam.I am really scared because there are alot of scammer and hacker right now and I hope that I wont be a victim of that because I am planning to resign in my work and do bitcoin fulltime.Also I am hoping that my country which is the philippines will not banned bitcoin because this is very helpful to me and also it really helps alot of people.I am working hard right now to rank up more in order for me to be able to earn big because I am so scared if it will be banned in my country be because I will have no more source of income.

[chiefthor]

All things has its own circle. That is one of my greatest fear, i think bitcoin has it end to, you will find hard at withdrawing bitcoin and earning bitcoin. And also some country may ban it.

[Tatalk]

As BTC is now at the peak of fame and every investor want to invest into BTC, so it is very natural phenomenon that if anyone or anything is becoming that much profitable then someone wants to pull it down and the same is for BTC. My biggest fear as a bitcoiner that in the coming future it might not be banned by the government and as far as the current financial situation of BTC suggest that government could not imply tax on BTC and most probably this is the very reason that some countries has banned cryptocurrency

[Saftention]

Greatest Fears is crashing like what happens now. i’m worry to keep my bitcoin or sell them bitcoin lost 30% fast.

it is only my Greatest Fear