What Are Your Greatest Fears As a Bitcoin Holder?

[cybersofts]

"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 worry much about scams, government, or banks. i'm only worried about hacking bitcoin wallets.
As we all know there is no online service that's 100% safe from online hacking whether sabotage or external hackers.
Most of the hacking happens because of the human mistakes not the computers/servers or anything like that, it happens because of the human factor.
There are a lot of good firewalls and security parameters to stop the hackers from outside, but what about internal staffs - greediness might some time be the cause.  

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[sportis]

Any fork which somebody announces is my biggest fear that people maybe will lose their faith to bitcoin

[Svener]

My biggest fear at the moment is if quantum computing becomes mainstream and hacking the network becomes ordinary.
Am sure then, bitcoin can become worthless as investors shall fear bitcoin.

Yeah this is the most people's problem who using bitcoins because we have that fear of our bitcoin will be hacked.Bitcoins have no customer service which is need to be done by the bitcoin team soon.Bitcoin offers no such protection: transactions are irreversible, so the buyer must trust the seller to deliver. Many Bitcoin users say that this is a feature, not a weakness, and simply requires the buyer to do their due diligence before sending a seller their money. Plus, irreversible transactions protect sellers from fraudulent chargebacks.

[Gabz999]

Its when my country bans crypto currency. It would be my greatest fear of all. Like what china have done, lucky for us that's not our country. It would be hard for us holder to cash out money. Cause in our local country there's a company that make us easy to cash out and cash in to our bitcoin wallet.

[Gunawan82]

My biggest fear right now is not being able to hold the old bitcoin in my hands, I am always interested to sell it because the price is always interesting, whereas if I hold strong Bitcoin longer I can become richer.

[ilovefeetsmell]

"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?

Yes, that was right. Many people afraid of that circumstances. Because they are saying many hackers in this cruel world and at same time scammers. They are the smart people when we are talking about the technology. All you need to do is do not put all your bitcoin into your wallet because you don't know how secured is that. You can't monitor your bitcoin 24/7 that's why you need to be aware of that consequences.

[tsexos]

My biggest fear is hacking my accounts!
And my second biggest fear is if my country bans cryptocurrencies!
Not afraid of btc price to go down!It won't

[bebejhen]

I believed that the biggest fear of a bitcoin holder like me is to lose its value. I believed most of us has the same fear. Bitcoin is risky. We all knew that. We will never know when its price get high or when it lose. We are just trying our luck because we know and we believe tgat by investing in bitcoin we can have a better future.

[imamimam1234]

If the rate dumping or maybe crash, because I'm not trader, so I will not think twice to sell it. If I'm lost it in gambling site and can't hold my self no to deposit. If someone tricked on me and steal it and I am not able to get it back, because my country not legalize bitcoin so no guarantees.

[johnlofar]

Bitcoin coin holder not need to scare.bitcoin has strong security and safe transactions.we have to be protect from scam and hackers.

[Kattleya]

As a Bitcoin holder, my fear is that I wont be able to cash it out to my local currency. The options in my country is very limited and those available now are taking advantage of that with absurd fees. Second would be hackers. Because it is digital, it is very prone to that. Lastly, I am most afraid of the thought that one day it won't have any value. Similar to what happend to the Tulip Mania.

In any investment, we all have our fears. But we take risks because that's what investing is all about. It's up to you on how much risk you can take and how you manage it. 

[LFC_Bitcoin]

The security of my coins is spot on so I guess my biggest fear is sitting here, watching the price go up, up, up & thinking it’ll continue to only go up. I guess I’m basically scared of waiting for a magic number where I’m happy to sell but for a massive dump to come & bitcoin to end up being a bubble where I lose a huge amount of money.

[pratik009]

My greatest fear is that the not to dump too much price of btc.the second fear is that the not hacked my wallet beacause nowdays the hacker hacked  many wallets.And the third one fear is the banned on btc in my country.beacause if it happens then i couldn't cash out btc in my local currency.And lost my all btc.but i wish that any of this three things never happen with me and anyone.

[Rishabh riyz]

I believe the greatest fear for a bitcoin holder are:-

• the government banning BTC it their country:- this could actually cost them all of their bitcoins and the time they spent collecting it.
• the value of BTC :- one of the biggest fear of BTC holders is that the value is very high and it should not just burst like a balloon.
• hackers:- people are  obviously scared to lose their earnings to hackers

[A.H.Rassel]

My fear our administration can't acknowledge bitcoin second things pishing links since I hold my 90% coin in my wallet and 10% in exchanger site for general trade yet I trust our administration consider bitcoin very soon

[darkangel11]

My biggest fear at the moment is if quantum computing becomes mainstream and hacking the network becomes ordinary.
Am sure then, bitcoin can become worthless as investors shall fear bitcoin.

You can abandon those fears. It will take many years before quantum computers become widely available. By that time bitcoin will be either long gone or upgraded to withstand quantum decryption. If we are to become rich thanks to it we will before quantum computing becomes a real thing. Don't forget that BTC is a software and as that it's upgradable.

[jerlen17]

I think as a bitcoin holder and for sure all of us here when we have a bitcoin our greatest fear is only when the value of it got low or decreased much the value because when we convert it into fiat it is a big loss and the only prayer is to increase its valu.

[fattyforhire]

Yes, I have a fear of hacking bitcoin, the widespread loss of the Internet or the sudden drop in bitcoin due to some incredible event or an accident, but it's hard to believe in the possibility of this. I prefer not to think about it, but just watch the growth of the bitcoin price.

[Delarock]

My greatest fear would be for bitcoin to become worthless. All of us are holding it because of its high value and the possibility of it to be higher in the future but then maybe a fortuitous event would make its value lesser and eventually be worthless.

[Mobshady24]

I have only two fears in holding bitcoin which is when its value suddenly drop significantly (i know this is not gonna happen but it is still possible though) and if when i cant cash out my bitcoin aside from those 2 im pretty confident on holding a big amount of money for bitcoin