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Author Topic: What scares you the most?  (Read 1743 times)
darkangel11
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October 31, 2019, 07:31:32 PM
 #21

hacked email is the most scary than anything.

i felt it myself when i received an email that someone tried recovered my password. this is scary when this email is tied to your trading accounts where you kept trading there and most of your btc is right there and they can do it withdraw to their wallet and all are gone. i don't have 100BTC in those accounts though.

Happy Halloween.

I agree. Even if they don't do anything malicious with it a hacked email means that you need to abandon all the accounts registered with it and preferably set them up again. This means moving all the money, redirecting all messages, making sure nobody sends anything onto the hacked email.
A hacker will know what accounts you have what services you use, what things you buy and in which stores, your wallet addresses because confirmations often contain personal details IPs you used to log in and other things. A hacked email is one big mess.
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October 31, 2019, 07:32:33 PM
 #22

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October 31, 2019, 07:33:15 PM
 #23

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.
If you are able to safe guard your social media and mail passwords then it is not a big deal to safe guard your bitcoin wallet password as you do not need to safe guard your entire private key all the time if you are using the right wallets that are available including hardware wallets.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?
If you think that a billion dollar market will vanish just like that then you have some serious problem with logic  Tongue. I am not talking about the alt coin market but there is no way that bitcoin market will vanish just like that.

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October 31, 2019, 07:49:11 PM
 #24

the thing that I am most afraid of is when the price of bitcoin is falling because at that time all coins will follow the decline in bitcoin and what happens is a loss in investment as I experienced at the end of year 2018


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October 31, 2019, 08:06:05 PM
 #25

You may think that I am a miser or love money, but most of all they are scared of their "INTERNET PREDATOR", and of losing their property, I do not like to be cheated or cheated. And there is nothing worse than when one does nothing but cheats people.
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October 31, 2019, 08:26:21 PM
 #26

This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!

I guess almost all of us fear it especially if we have huge amount that was stored in that wallet then we just forgot or lost the private keys and we have no other ways to recover our wallet.

I also fear that all the governments will banned crypto currencies and they will strictly implement it then there will be a fine in using it as it is the only way to completely banned the crypto currencies.

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October 31, 2019, 08:27:10 PM
 #27

Probably leaked data. With stuff like money or wallets it's mostly just money which can be recovered but since I use a ledger it's not much of an issue for me anyway.

Leaked emails/personal data would be horrible, that means your entire file is just on the internet floating around and there is absolutely nothing you can do about it. The thought of that is just scary, isn't it? Especially when you factor in how many people there are.

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October 31, 2019, 08:48:01 PM
 #28

This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!
My biggest fear is not my private key I make sure I keep that very Safe. I believe cryptocurrency is real but there is still this small part of me that feels that we would wake up one day and maybe discover that is was fantasy. I know it's not true

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October 31, 2019, 08:50:59 PM
 #29

This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!
I think it is also one of my biggest fear , I have been out of this forum for so long but I never actually leave my wallet I always take some time to check it at least twice or thrice monthly, And every time that I would open it my heart would beat so fast.

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October 31, 2019, 09:16:47 PM
 #30

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!

Handling the seed words is important, but can be planned in advance. Keep the seed words in two separate but secure physical places. You could be very smart hiding them in plain sight, perhaps marking words in a book...

As for the market fluctuation, there is nothing to worry about, at least not with bitcoin. Just wait it out, as long as it takes. Many altcoins may never recover though.



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October 31, 2019, 09:27:33 PM
 #31

For me the scariest thing in cryptocurrency is when I trade on an exchange and then make a profit, after that I tried to withdraw
profit from the trading results and what happened was I could not withdraw my money from the exchanges. This really scary to me,
because my capital and the results of my efforts I can not enjoy it. This is truly a disaster, really scary to me.

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October 31, 2019, 09:33:00 PM
 #32

This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!

I'm afraid of a quantum computer attack on the Bitcoin network. I’m afraid that the governments of the top countries will recognize Bitcoin as illegal. To lose my private key I'm also afraid
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October 31, 2019, 09:39:38 PM
 #33

This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?

By the way, Happy Halloween!

Losing private key is my worst nightmare since the day I lost my private key for blockchain wallet and also forgot the password for it and ended up losing a good amount of bitcoin, yes market dump is always pain in wrong place and I fear about my account being hacked than the market dump as I am really concerned especially about my Binance account.


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October 31, 2019, 09:40:56 PM
 #34

For me the scariest thing in cryptocurrency is when I trade on an exchange and then make a profit, after that I tried to withdraw
profit from the trading results and what happened was I could not withdraw my money from the exchanges. This really scary to me,
because my capital and the results of my efforts I can not enjoy it. This is truly a disaster, really scary to me.
I feel you, after working and effectively execute your trading position then afterwards when you tried to withdraw your money exchange will ask for many things, freezing your money and won't allow you to move anything. That's scary seeing the amount of your efforts and not letting you do anything. Double black eye to your minds regretting to why using the scam exchange.

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squatter
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October 31, 2019, 09:45:31 PM
 #35

This fun picture got me thinking. https://imgur.com/2GwIL5Y

What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time.

You could mitigate that fear by keeping multiple back-ups of your keys in different locations. If one of my back-ups gets corrupted or physically destroyed, it's no big deal.

Sometimes I worry that there could be a vulnerability in my wallet software, and that black hats will find it before white hats. Fingers crossed...

MicroGuy
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October 31, 2019, 10:10:44 PM
Merited by TimeTeller (1)
 #36

What are your biggest fear in crypto?

That the bug known as Proof of Work goes unsolved and my living room becomes part of the Atlantic Ocean.



Bitcoin might provide humanity with a better form of money. But is it really worth wrecking our planet in the process?  Cry

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October 31, 2019, 10:13:12 PM
 #37

In my opinion, if you lose your private key, then this is the end of your career as a trader ahahah
joinfree
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October 31, 2019, 10:27:21 PM
 #38

This fun picture got me thinking. https://imgur.com/2GwIL5Y
What are your biggest fear in crypto?
As for me, it's losing my private keys by accident. I know that the risk is minimal, but the thought of it makes me anxious from time to time. Also, I'm afraid that BTC dumps during the transaction.
My biggest fear in crypto happen about a month ago when i got hacked which led to the loss over a $1K worth of BTC. i don't know this hacker was able to launch this attack successfully and steal my bitcoins but my advice is stay off free download websites like torrentz.2eu

Waking up one morning and knowing that the whole cryptocurrency market went down to nothing?
Or maybe finding out that all your crypto (or your private keys) was stolen or lost somehow?
That would definitely scare the hell out of me but seriously that ain't gonna happen ever. The crypto industry has grown too big to come down crushing  within a flash. For the safety of your funds back up your wallet keys on several places.

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October 31, 2019, 10:51:38 PM
 #39

I think if crypto will be ban. I scared because I will miss my opportunity to increase my income. I haven't been invested that much but having it a little everyday is a helpful way. Its just beginning to play a part in my daily tasks. Its so scared to lost it abruptly.

 
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October 31, 2019, 10:55:18 PM
 #40

In my opinion, if you lose your private key, then this is the end of your career as a trader ahahah
^ Due to carelessness people got stolen or losing their private key. It's our big responsibility shoulder on taking care of our valuable stuff that has importance to us and not gets lost. The most part that I afraid when someday cryptocurrency was losing value in the market and it was forbidden in all countries and it has been implemented by their jurisdiction. But I know that is impossible to happen and I am comfortable that someday Bitcoin will lead among all currency or become number one. Nevertheless, those people who had negative faith in crypto will remain doubtful.

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