What Are Your Greatest Fears As a Bitcoin Holder?

[dhka]

My greatest fear as a bitcoin holder is im so afraid if one day suddenly bitcoin is broken and bitcoin is worthless and replaced by another coin. so that will make the bitcoin holders will be sad because of loss.

Very scary bro, I hope it does not happen any time soon. Other than that, I am afraid to sell my bitcoin cheap in case I need emergency fund. I really dont want that. I will hold as long as I could or until I see the price good enough not like current price

[Genemind]

Maybe as a bitcoin holder, most people are scared that if you are holding a lot of bitcoin and all the means of converting or cashing it out is banned or considered illegal. This will make bitcoin value less. Any news that is bad or anything that will affect bitcoin in a bad way scares every holder. There's actually a lot of bad news and FUD coming out since the year started and it greatly affected the market demand on both bitcoin and altcoin.

[oracleongoodbye]

All we know that bitcoin is volatile. Its not consistent in its increase. Actually, at first i am not aware what does holding a bitcoin possible benefit. Its like, everytime i have some bitcoin from faucets (before, a long time ago) i withdraw my earnings when i reach the minimum amout, eventhough its just a little amount. But as i join this forum i learn the benefits of holding, and so lucky that i did that. The value of bitcoin today make my holding double. I always check my bitcoin wallet and see the equivalent value now and then, when decrease in value, i feel frustrated, thinking why i did not encash this in this time, etc. Thats what i fear. Lowering its price

[qwerty12]

"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, I agree. In other words, Bitcoin Storage Security is not yet maximal.

Bitcoin is stored in a virtual wallet that can be fitted with a private key before use. But because such data is stored in the Internet network, security is of course very vulnerable hacked by cyber criminals.

Some cases of lost Bitcoin have occurred and disadvantageous userss millions of dollars. Unmitigated, hackers no longer target the wallet individually, but targeting the providers wallet and Bitcoin stock sites that oversee many customers. Inputs.io and Mt. Gox is an example of the victims of Bitcoin hackers who feel the big losses.

Other Bitcoin wallet storage alternatives are not spared the risk. For the sake of avoiding risk through the Internet network, Bitcoin users usually use applications that are installed on the PC or commonly referred to as an offline wallet. However, if the owner has neglected to take care of and maintain the ownership of his hard drive, then Bitcoin that can be lost.

[Genzdra24]

My greatest fear in bitcoin is the time when bitcoin will be at the lowest value. If this happens, we all will suffer from dumping in it. Also i am afraid  the scammer and hacker.I encountered before since I started to hold bitcoin is the low rate or the negative fluctuation of bitcoin value because in this past months of 2017 I encountered the shocking dropped of its value, when China banned bitcoin in there country I taught in that time that I will loss my money because of that event, but later on bitcoin stay again to fluctuate normally, and it give me hope again to hold my bitcoin longer until it reach my satisfaction price which is 30,000 USD. Bitcoin is one of the most stronger in this time and I think many banks will try to destroy it, there are many scenario that it might happen on bitcoin and I'm very excited to find it out.

[ramgonzales]

My biggest fear is that my country will totally ban and consider using Bitcoin illegal. Although I know it is unlikely to happen, I just fear that situation because for me even if  am earning good amount from Bitcoin if our government will totally ban if, then I don't have any choice but to avoid it and just follow the laws. I am a law abiding citizen and I want it to stay that way.

[jahmes123]

My only fear is that the bitcoin would stop or the value of bitcoin would be gone that there is no more demand for it,
That one day bitcoin would be useless and would be considered as the greatest bubble of all time.

[coinsontheroad]

My biggest fear with BTC and all crypto is of course losing it.

I take as many security precautions as possible (Hardware wallet, backup seed stored at two locations), but still, the hackers out there continue to advance. Who knows what they will eventually be capable of.

[FLoving]

My greatest fear on bitcoin is when people dont trust on bitcoin and more believe on negative news. Negative news will bring bitcoin price drop and make people do not want to hear about bitcoin. Its fear me on this cryptomarket

Negative news do not bring the price drop but only those people start to sell their bitcoin who do not have much knowledge about bitcoin. In this way the price of bitcoin start to drop and with that some people sell off waiting for the dip. I will say that it is the thing which will not give us benefit at a high level but will give only a smaller profit while if we will not sell then we will see the price at strong level and more and more people will come to trust on it and so a huge price increase will occur in it.

[P60]

I am holding bitcoin and some alternative coins and I think my greatest fear as a Bitcoin holder is when the value decreases and went to low value. This will make me worried if ever that the value decreases.

[Cadalin320]

My greatest fear is when bitcoin will fall down and it will never rise again. But im hoping that it won't happen. Bitcoin for me helpful.

[IsabelCornd]

I am scared that someday bitcoin will be very expencive and i will not be able to sell because of some reasons. It's would be very sad for me.

[jsarce]

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.

Specifically that cashing out funds will be banned by the government. Their way of controlling cyrptocurrencies.

[Cloak1]

My biggest fear of holding bitcoins is malware. Sometimes hackers use combination of phishing and malware techniques to hack into our device. For instance, hackers often create malicious websites that appear as trustworthy, and when users click to access them, malware is installed on our device. Once this malware is on our device, it is programmed to steal our digital assets from, say, our online cryptocurrency wallet. The thing is once we lost our bitcoin,  we will never get them back.

[nicpaig]

"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?

For me, my greatest fear as a bitcoin holder is when the currency will never rise again and also i have been hacked because all you have spend time to earn on it, it will gone just like a one click. Hoping that it is never been happen to me.

[mitchr4]

My greatest fears of bitcoin there is If bitcoin will be regulated i think this is a serious thing because previously the bitcoin is never set by any regulation, in fact we do not know what will happen if it will be done.

[paparexon0414]

For bitcoin to be extinct (and for to the other cryptos that i am holding. Nowadays, i feel not secure anymore, thinking that someday, this might happen. I know that i am not supposed to give mu full trust in any cryptos neither to bitcoin, but if not how come i will earn? One thing also is about the hacking of my tokens. I just remember what happened to Mt gox, maybe it happened 2-3 years ago and theres a possible this is a good calling for a tough security but hackers will also find a much effective way to do it. Because of this hacking, the value of the cryptos is declining and it is not.

[bajingluncat]

which I feared btc, when the price keeps falling And it can not be converted into real currency, but I am optimistic it will not happen in the near future because I am very dreaming btc Will be the only crypto currency that can survive under any circumstances

[Goldenprog]

I'm most afraid of being in our country which is banned bitcoin by the government. I fear my country in our country in the scam in our country. hope it all does not happen.

[crazyamerican]

My biggest fear is what is currently happening which is the rapidly declining price of bitcoin and just seeing my money slowly decrease. However, I am very hopeful for the future of bitcoin and will continue to hold.