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Author Topic: What fears did you have when you first started dealing with Cryptocurrencies?  (Read 546 times)
Svelto
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January 21, 2018, 07:11:23 AM
 #61

I have no fears when I first started to get into crypto, I was more curious and excited than fear. Perhaps it is because I invested a small amount of money that I can afford to lost it.
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January 21, 2018, 07:12:31 AM
 #62

What i have feared when i was a newbie are,not learning proper way to trade,not learning the basics of trading,learning how to trade and but not succeed in trading,all of the newbies suffered with these common things especially when theres no one to guide them,if you are a newbie i suggest to ask some help from your friends who has experience for you not to lose a lot of money.

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January 21, 2018, 07:21:11 AM
 #63

The fear I had after discovering it is getting late to the party. And myy fear has gone worse when bitcoin pumps at this rate and I feel that I only have a few time left to make massive profits because crypto is now more open to the public.
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January 21, 2018, 07:37:02 AM
 #64

I don't know what kind of new thing it is, so I don't know how to guarantee the security of tokens.
When I use my local wallet, I don't even dare to connect to the Internet.hhhhh Grin Grin

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January 21, 2018, 07:37:34 AM
 #65

When you first went head first into the unknown,what were your thoughts? What were you afraid the most?  Huh
For me i'm nervous to send my first bitcoin transaction to bittrex, although the amount is only small but once you send the payment you can't cancel it so there's always a nervous feeling whether i send it to the correct address or not. By now i am already used to it and sometimes i don't even double check it anymore.

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January 21, 2018, 07:42:52 AM
 #66

When you first went head first into the unknown,what were your thoughts? What were you afraid the most?  Huh
Fill with hope and greedy.
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January 21, 2018, 07:43:01 AM
 #67

I most of all was afraid that I will lack time to understand all this, but gradually everything comes, the main thing not to force an event
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January 21, 2018, 07:55:26 AM
 #68

When you first went head first into the unknown,what were your thoughts? What were you afraid the most?  Huh

I didn't had any fear at all since when i started everything was very cheap, bitcoin was less than $250 if i am not wrong at all. Of course that i haven't bought at that price. But i joined during those times.. I really miss bitcoin at those rates.

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January 21, 2018, 08:01:08 AM
 #69

Probably the fear of missing out something when there a hype coin then you sold your coins to get the hyped coin and you will lose,and fear of losing a trade.
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January 21, 2018, 08:06:07 AM
 #70

The thing I fear most when dealing with cryptocurrencies is that of networking. I'm afraid that the transaction is taking place, the network I'm using has lost signal. That means my transaction is broken and I do not know who my money will fall into.
I'm afraid the hackers will take advantage of that opportunity to take over my fortune. These are the things I most worry about dealing with cryptocurrencies.

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January 21, 2018, 08:11:39 AM
 #71

I and the following fears namely:-
1)lack of support from government which treat crypto traders as illegal drug cartels and get me arrested
2) fear of wrongly entering a pump and dump coin and getting stuck in the bottom of the coin
3)not knowing the exact news of coins to do trading and many lots more
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January 21, 2018, 09:09:37 AM
 #72

To learning something that might not work in trading? and the fear of losing a lot in trades,thats what i feared when i was starting.
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January 21, 2018, 09:26:29 AM
 #73

I'm afraid I'm afraid that I'm still young enough to start crypto currency and I did not know then to pay it or not, when your investment is big enough.
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January 21, 2018, 10:31:42 AM
 #74

My fear in the beginning was transfering to wrong adress , being scammed and hacking
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January 21, 2018, 12:07:58 PM
 #75

When you first went head first into the unknown,what were your thoughts? What were you afraid the most?  Huh
My first fear was for only to sell bitcoin , I getted into bitcoin about 2013 and at that time buy and sell of bitcoin was not easy task because not many services were available at that time to buy sell directly but we needed to wait for orders and give orders at sites like localbitcoins.com that was really not better way and also few people were saying that there is chances of scam , so for me a big fear was in my mind that what will happen if I make earnings in big amount but not will be able to sell easily .
But after one to two months I found a person who was from mine country and told me that you can buy and sell any amount of the bitcoin and payment will be instantly , and I found that he was really honest person and still today he is doing work very well of buy and sell .

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January 21, 2018, 12:10:15 PM
 #76

Fear of being scammed. Fear that my hardwork will turn into nothing. I hate that feeling. Also the fear of no return investment.

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January 21, 2018, 12:23:24 PM
 #77

I never really think about this. hmm. I think it was getting hacked and losing money. Digital money feels interesting but unsecure when you hear it and think about it. Also I am afraid of losing tokens because of ether's weird smart contracts.



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January 21, 2018, 12:36:45 PM
 #78

I had fear that one day everything will close down and my gone. I did not understand blockchain tech and how it works. I was thinking bitcoin is a website kinda of thing... I more like see it like a ponzi IoIz.....
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January 21, 2018, 12:39:46 PM
 #79

The fear of being scammed and lose my money. All of these are new to me back then, I fear every transaction I make, and I always pray that my money will arrive to my wallet, I always check every digits of my address before making any transaction even though I just copy pasted it.

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January 21, 2018, 12:43:02 PM
 #80

It took me forever to move from a website wallet service to my own wallet. I kept seeing in chat how people "lost" money, or sent to the wrong address, or their wallet crashed. Site accounts seemed simple and safe, just a username and password that you easily remembered. But then I later understood I could very easily restore my wallets from seed. And that was an even better option, you never worry if the site you use will close down and run with your money.

I've never made a mistake yet, but always remember to double check txs, always keep your seed safe. And you're good to go. I still have my heart beating fast when I make a big spend, always triple confirm.

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