What Are Your Greatest Fears As a Bitcoin Holder?

[ritsel02]

As a bitcoin holder  my greatest fears are :
a. When my bitcoin wallet will be hacked or my password being stolen, this is my greatest fear because opportunist are everywhere and they are very smart in doing this because of there self interest.

b.When the government will ban bitcoin in my country.

c. When bitcoin is not acceptable in any exchanges and have nowhere to cash it out.

d. When the value of bitcoin falls and never increase its value.

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[Kim Ji Won]

My greatest fear as a bitcoin holder are the scams that are frequently happening right now. More and more of them are emerging just to get bitcoin from us, they do all sorts of things to make you believe that they are legit and will deliver positive results from your investments. Only to know that at some point in time they will suddenly disappear and you will be left with nothing and can't really do anything to make them pay for what they did.

[Kakmakr]

Fear can only harm you, if you do not manage it correctly. If you for example invested $10 000 and you traded by buying low and selling high and you kept the profits from these trades until you re-cooped your $10 000, then you have no risk at all. If anything happens, you reached your ROI and whatever happens after that is pure profits with zero risk.

Work hard to cover your initial investment and be risk free. ^smile^

[SushiMonster]

I fear that bitcoin will just disappear out of nowhere. Like bitcoin will be banned and our savings will only be removed just like that because it's just a digital cryptocurrency.
Although, I know that its impossible to happen with this generation. But still, we may never know how long digital currency will last.

[vinc3]

My greatest fear would be none--for I know that bitcoin will continue to thrive for it is just starting if ever it will shy away from the limelight surely there will be a new coin that it will take its reign. I can clearly see the future and it is bright due to bitcoin, we just need to believe and trust the system, but not to the point of staking your future to it, all we need is balance. Early adopters are happy, so must take an example to their success.

[sofi@]

I don't fear that the value of bitcoin may drop so low because I am sure if that happen it will pump again after few days or weeks, what I am worried about holding my bitcoin in a long run is that developers of bitcoin wallet may tempt to hacked the account of most holder if the value of bitcoin increases very high and also I am afraid that if not the developer another people were able to get our account and also our bitcoin.

[katinko]

Of course if bitcoin loose its value because we all know that there is a big possibility to disappear bitcoin and that is my greatest fear and i do not like to happen in the future because bitcoin is my best source of income nowadays.

[centralbanksequalsbombs]

Hahahaha - all four are baseless heeheheehee thank you for tickling my funny bone.
All four addressed: Governments powerless to control bitcoin, bitcoin for almost a decade always had exchange value globally, bitcoins scarcity and resilience against THOUSANDS of other cryptos underlines the point you will not see a perpetuous fall of Bitcoin, and wallets are designed pretty safely but must always beware of operator error.

Things to be more feaful about is fiat-debt-slavery system:
Central banks control and have a MONOPOLY on credit/currency issuance in each country.

Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin.

They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned.

Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength.
Bitcoin keeps growing and growing in every country.

The people around the world are becoming too smart in seeing through the fiat currency schemes.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0



WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES??
CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.

Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.


Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Be wary of things outside of bitcoin especially when other things start throwing around the word 'blockchain'.
A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!

BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.

[darkrose]

My fears us a bitcoin holders is the value,
               when the time comes bitcoin losing value or going to deep dump.

[Nawaytes]

Actually, what you wrote above has answered your question.

But okay, I'm one of those who traded bitcoin, and the thing I'm most afraid is a disaster that will turn off all the electricity, that means no internet! and it can happen anytime. Another scary thing is the richest man who buys all the bitcoins and never sells them! Looks like he locked Bitcoin in Davy Jones's locker.

[sylpalma]

Despite of hackers and spammers the another fear of holfing bitcoins is the price drop. Even the price drop will not affect a lot in the price of bitcoins but still it remains a fear in our mind about bitcoins. Bitcoins will grow some or the other day and we can relia on bitcoins but.

[BeetcoinScummer]

What are the top risks for Bitcoin holders?

I used to fear Big Blockers, but now there is BCH and they have mostly stopped trying to interfere with Bitcoin.

Probably now the danger comes from people who want to increase the 21M limit or make transactions more traceable for the authorities.

[DaCoinMachine]

Biggest fear is that they becomes 1 million each and I sold my coin to early

[Lucius]

I think my biggest fear is that there is always the possibility that somebody may steal my BTC no matter how much taking care of security.Hackers have new methods each day and we must always be a step ahead of them.

There is also fear that that something very bad will happen and that price fall very low,but that's always a risk with BTC.One day you wake up and see price of 7000$,next day it may be 10000$ or 1000$.I think the greatest danger comes from the governments,they will try in every possible way to control BTC,and I think they have mechanisms to create great problems for us if they wish.

[meliodas]

The only thing that I fear is to get hacked or if bitcoin will end too soon. I hope that bitcoin can last for a long time, so that I can gain more profit and store more bitcoin on my wallet. I'm still learning about bitcoin, so I hope that it can last long or forever.

[Miniel]

That bitcoin will go down very much and i will have a lot of loss instead of profit or that bitcoin will be banned everywhere that means that i lose everything and i do not have any more profit or loss but i still lost everything including time.

[amila_cs]

My biggest fears in order
1. Exchanges my coins currently in are will get hacked/scam me
2. The alts I hold will go to zero and be worthless
3. BTC will go to zero and be worthless (getting killed by a asteroid has a bigger chance than this I think )

[BitcoinCurve~]

Hackers can easily be avoided by using a paper wallet especially if you are just holding. I'm concerned about my country making the currency illegal or taxing it very high though

[pearlmen]

My greatest fear is waking up one day to realise that what we have come to believe concerning bitcoin is a myth and not anything close to reality and giving victory to the people waiting for the failure of bitcoin over the years. It will be a very difficult experience in which I must admit, when I wake up every morning and want to check whats going on in the cypto world, the fear just keep repeating itself.

[Warezsparker]

I think everyone's greatest fear is that or you get hacked and lose all your bitcoins. Or that the bitcoin will be worthless and you will lose all your money. Because bitcoin is a unstable currency so it is possible to go down very hard 1 day.