The Biggest Risk To Bitcoin?

[Kakmakr]

I don't think these forks are at risk, because bitcoin is a bitcoin, and a fork is a fork, and a fork will never stand for bitcoin.

I think the biggest risk is that bitcoin is not recognized in all countries, which would be catastrophic.

No you are wrong. Have you ever heard the expression that "forbidden fruit taste so much sweeter"? The same goes for Bitcoin, because people will be drawn to Bitcoin if it is banned. Some people just love to give governments the "finger" and if they ban Bitcoin, they will support it even more.

Bitcoin is a global decentralized network, which cannot be stopped. The governments know that and they are trying to regulate it now, to get people to pay their taxes.

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[arthur25]

I don't think these forks are at risk, because bitcoin is a bitcoin, and a fork is a fork, and a fork will never stand for bitcoin.

I think the biggest risk is that bitcoin is not recognized in all countries, which would be catastrophic.

Although it is risky that bitcoin did not recognize in all countries but this is not the big risk of bitcoin. I do agree that it is all about hackable. What if there will be a hacker that hack bitcoin system? Even the whole world recognize bitcoin if bitcoin system is hackable then that is the big risk.

[Leyss]

I think that the biggest risk for bitcoin will be when it reaches its very high price growth. People will be afraid to lose their money, invested in bitcoin, and will constantly monitor the news. It will be enough to launch well-planned false negative news that bitcoin can collapse, and it really can start in practice, because panic and a chain reaction will begin. This is the end of all financial bubbles.

[marlonBitCoin]

I feel the biggest advantage and the disadvantage of Bit Coin is the Decentralization, since there is no governing body there is no control.

[Direwolve735]

Bitcoin, though about to celebrate its first decade of existence next year 2018, by all comparison especially with the fiat money, is still considered a relatively very young form of currency or a store of value (you can take a pick or get the two) and we are now witnessing its own evolution and dynamism.

We have been told of the many risks that Bitcoin can be facing today and then into its future. But what is the biggest risk that Bitcoin is currently facing? Aside from government intervention (just like what China did in September), one of the other big risks is the governance within Bitcoin.

There is no question that regulatory risk is obviously visible on many countries where Bitcoin got into. We had witnessed this in China and even South Korea as well as insignificant countries are also closely looking at Bitcoin maybe for clamping down. There are always regulatory risk involved but I think that governance is the greatest risk to Bitcoin and other decentralized entities. Right now, Bitcoin is governed by exit. There’s a consensus mechanism but when people disagree on consensus, they have three choices: Just suck it up,  get away from Bitcoin or sell or they can get into the open source code and fork it.

People in Bitcoin know what forking is. We are facing here the technical risk and community risk. The Segwit2X debate, which could result in a hard fork this November 18, is highlighting the possible risk involved in the governance by exit.

We are experiencing the so-called Balkanization (fragmentation or division) of Bitcoin is not good for the future of Bitcoin and the whole cryptocurrency community.

Biggest risk in bitcoin? For me, i think the biggest risk in the bitcoinbis when you decide to turn all your money to bitcoin because you'll hope that it can be higher up soon. The risk is it. All of us know about the fluctuating and unstable. Why if it become falling down ans all your monry invest inthe bitcoin. This is the big risk for me. To turn out all my money in bitcoin

What you are talking about is the biggest risk for you as an investor, not for Bitcoin as a crypto currency. I believe the biggest risk for Bitcoin is human psychology. Bitcoin is based on people's interest in it. And as you know, people are unpredictable creatures, and no one can know what will interest them tomorrow. Today Bitcoin is at the peak of popularity, and tomorrow everyone can forget about it.

[CAPT.DEADPOOL]

I know there is no risky I can help you wait bitcoin's value or price if you buy expensive bitcoin or high price hold bitcoin because he longterm investment

[Smarty14392]

i think the biggest risk is investing your entire fortune in it as btc price keep changing every now and then and we cannot predict if there is fall in the investment.

Or simply the bitcoins price fluctuation. If you bought last year to early January this year, you lost almost 50% of your dollar value. Another risk of bitcoin is the governments uncertainty in regulation. More  sanctions and banned means a dump in bitcoin price.

Risks are always there. You can’t chose anything for you that is risk free. Everything that involved profit and loss, risk is a necessary element out there. Best thing to cover up the risk factor or to reduce it, you must keep following best practices in that specific field.

And as far as risks to bitcoins are concerned, yes governments are likely to ban bitcoins as they are supposed to make a raid over bitcoins.

[divowok]

Biggest Risk To Bitcoin is Price Is Not Stable.

[felipe04]

There no need to ask what is biggest risk here but try all of it

I think if you have btc here of course you already take risk for holding that because there's no assurance here

I think risk is not recommended in life but if we are here we need to take the risk because that's crpto and it's more on investing than to do transaction

[jamiebear]

Bitcoin is right now the riskiest investment you can make. And for that, one should know its price volatility. The value of cryptocurrencies may change significantly even in a single day, which would mean a capital loss of your investment.There is also the risk of alternative technologies that could supersede existing cryptocurrencies and make them obsolete.

[Athenakim.22]

For me it is, investor sentiment, which has been a crucial catalyst of bitcoin's growth, could also push this virtual currency downward. Since bitcoin's inception, individual investors have controlled its value. Compared to Wall Street investment firms, retail investors are far more prone to allowing their emotions to influence their investing decisions -- which rarely ends well. Many of bitcoin's wild price swings owe to retail investors' piling into or bailing out of bitcoin based on the latest news. It wouldn't take much for investor sentiment to shift and send bitcoin's value plummeting.

[last7minutes]

Biggest Risk To Bitcoin is Price Is Not Stable.

However, this great volatility can be also the greatest advantage. The smartest and the most experienced traders manage to make much money even when the coin falls. Everything depends on the wits of a trader I suppose.