What Are Your Greatest Fears As a Bitcoin Holder?

[zhanghoqi5]

The only thing that scares me is that all countries ban bitcoin.

If it does happen, it will be a disaster.

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[Pattart]

I think, my greatest fears in bitcoin is when the time comes that bitcoin will be at lowest value and 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. But I doubt it would happen because the people will always be there to accept bitcoins.

That's the risk of investing in bitcoin. sometimes we are afraid of the weakening of bitcoin prices while we are holding many bitcoins. I think the way to handle it is to think positively that the weakening of prices is an opportunity for others people to buy bitcoin. and after that bitcoin prices will definitely go back up because it's a sure thing. risk like hacking is a scourge for users so you should be more careful on suspicious sites or suspicious links. keep update your antivirus dude..

[deppil]

Price drops. What I fear the most as a bitcoin holder is of course, the only thing that we all fear, pruce drops. Because I don't do anything with my bitcoin investments because I am holding, the only increase in profits I can hope for is the price increases with bitcoin. However, if bitcoin drops then I would lose not only profit but potentially my investments too. That's why I am afraid of bitcoin price drops.

if you hold bitcoin for long term, you don't have to worry about the price drop? because prices drop is a natural thing in the bitcoin market. the key is don't need to see the market for a few months or a few years. then after waiting several months / years. you will realize that you are a very lucky person because you managed to hold your bitcoin for the long term unaffected by the weakening of prices

[vergel24official]

1. Bitcoin will fluctuate in low price, because it will waste my investment in bitcoin

2.Fear of government permanently banned of bitcoin in my country It will waste my time, money and effort in bitcoin.

[shanksluffy]

"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?

Being scam and the fall down of bitcoin many money will waste if the your trading site are scammers your effort will be wasted

[Spades77]

One thing I fear about Bitcoin is that when our government banned and totally get rid of Bitcoin usage and hold on all the exchange transaction in our country. But with the current status of Bitcoin in our country I know that I will not happen, thank God that they are already drafting some regulations in order to legalized Bitcoin and slowly we are already having some establishments and merchants accepting Bitcoin as a payment. So slowly but surely I am overcoming those fears now.

[Xanxus024]

As a bitcoin holder my fear is when the value of bitcoin becomes low because as I see that my money I invested will lose but I overcome it by trust with the process because in this industries I know that the ups and down of bitcoin price is normal.

[charlotte04]

"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 don't mind by hacking, I am most afraid of is that if our country will ban Bitcoin for good. I hope not.

[Qunenin]

As a holder the thing which always fear is it get hacked by someone or losing your wallet key. Since bitcoin now is the most powerful currency and contain large amount of money. Hackers can hacked bank accounts, credit cards etc,  so for hackers its not a big task to hack wallet's security. About losing key, Bitcoin is Anonymous there's no identity required to join its community so there's no chance to recover your lost key once you lose it, you'll never found it.

[gvnsrbtc]

My greatest fear as a bitcoin holder is when it becomes impossible to cash out and no one accepts bitcoin as payment. That bitcoin will be at lowest value. And also to be hacked and scam. Hopefully it will not happen us.

[Lucas Riley]

My greatest fear is that cryptocurrency will be used as a conduit to get the general public uses to using digital currency only. Then government will ban decentralised cryptocurrency and introduce a centralised digital currency of their own. It's very George orwell but this is my fear

[Genosx]

My greatest fear is when the bitcoin all suddenly collapse down and  all investment that they receive are gone.  This is the worst nightmare for me that I dont want to happen in future.

[bitcoinVPSD]

I think the biggest worry for the owner is the value of the bitcoin going down. Many people will feel anxious and scared if the value goes down. and the fear comes from the hackers. Hacker can attack your wallet at any time.

[Mhedz]

All holder's for sure has the same fear, first we got scared is hacker .we all know that on this online world,hackers and phishing sites are everywhere. Its more better if the price will just dump to be hacked.

[ace4549]

My greatest fear as a bitcoin holder is if many countries ban using cryptocurrency in the market. This will results in decreasing of bitcoin's demand in the market.
Price of coins has been dump in to a very low price. That incident will leads for me in to losses.

[Gamix]

Probably the biggest fears are hack attacks and a sudden price drop.

[odranoel]

Well for me,i dont have any fear about the bitcoin because there are other countries now has a high demand.There is no reason for us to be fear as the btc is the greatest of all cryptocurrency.

[Crystacool]

"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 not worried about bitcoin being banned in some countries, because I know that some countries ban bitcoin and it doesn't cause bitcoin to die. The only thing I was worried about was that my bitcoin wallet had been stolen by hackers, causing me to lose my bitcoin.

[beezunus]

I think the biggest fear of bitcoin holders is if bitcoin prices continue to fall so that we will lose and if it keeps holding it will take a long time to recover

[Antivoid]

i think losing my secret key will be a disaster to me, because it means everything will be gone, besides, some exchanges closing will also be painful which usually will lead to lots of coins lost