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Author Topic: What scares you the most?  (Read 1957 times)
Immakillya
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October 31, 2019, 11:00:36 PM
 #41

I'm not scared because I don't have any BTCs. Lol
You lost your private key with 100 BTC on it is your worst nightmare. I don't know if you'll fall asleep at night thinking you lost a million dollars. That's the risks of having private key alone. There's a lot way to keep your funds. Use it as much as possible. We have web wallets, hardware wallets, keyword etc.
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October 31, 2019, 11:14:10 PM
 #42

Only one word: hacker.
That's what I fear the most. No matter how good I apply security, my wallet can be hacked. Be careful, they always find loopholes in weakness. Losing because of being stolen is more painful than losing due to misses analysis. Hopefully, this bad experience does not happen again and does not happen to you all.

Well, the topic that suits Halloween very well. Many scary "fears" haunt.

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October 31, 2019, 11:15:21 PM
 #43

Aside from affecting my personal interests such as losing private keys, wrong sending etc. What I feared the most is when the time comes that transaction fees grows bigger and bigger until it almost break even the amount of money you'll send. I'm not an expert when it comes to these things but is it really possible? Grin
By the way, Happy Halloween!
Happy Halloween Smiley.
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October 31, 2019, 11:19:06 PM
 #44

For me, maybe the scariest thing is when all countries in the world agree to ban Bitcoin and all crypto coins. Then, all coins will be useless and no hope for a crypto future. But I believe it won't happen since many countries have proven already that Bitcoin and altcoins are quite helpful and useful to improve the economic sector, at least creating jobs for many people.

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October 31, 2019, 11:44:48 PM
 #45

For me, maybe the scariest thing is when all countries in the world agree to ban Bitcoin and all crypto coins. Then, all coins will be useless and no hope for a crypto future. But I believe it won't happen since many countries have proven already that Bitcoin and altcoins are quite helpful and useful to improve the economic sector, at least creating jobs for many people.
It has a positive and negative market appreciation. People considering that it was helpful but sadly the government considers this a threat to the economic system which I supposed to think that they are right also since knowing the fact that some of us use this for money laundering, frauds, and illegal activities. We can't just put the blame on the government of banning crypto because they have also the reason why they take action of it and I believe that they also understand the situation.
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November 01, 2019, 12:36:06 AM
 #46

Scariest? Hmm, I already experienced losing thousands of dollars in a day many times. Those shitcoins are foking scary as hell. I get used to it later on. This year I became more careful. My altcoins are in the top list because I don't want to become a victim of pump and dump once again. 2018 was a traumatic experience for me in financial terms.

Do not be surprised to lose money on altcoin because it is indeed useless shitcoin, 2018 is a matter that frightens for altcoin holders because a large disposal occurs so that thousands of dollars are invested will be lost and will only be worth a little.

The same situation i felt before but now i am feeling very positive and bullish that the market will recover and thinking my portfolio will start to get back its value. And it is really scary to invest and buy in dip because you don't if it will go much more dip.

And that's why we need to start learning from our mistake and time to move on and patience is really the key.


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November 01, 2019, 12:44:42 AM
 #47

I can list some fears for you  Grin

Fear of missing my private keys also
Fear of type another adress or make some minor mistake and sen BTC to another wallet
Fear of BTC dump to zero in a short time

And I think it's enough  Grin

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November 01, 2019, 12:50:16 AM
 #48

For me, the scariest is losing my private keys because I have invested may savings to bitcoin and if my keys were stolen then I don’t know what I be like because that means I also lost my life saving. Bitcoin price going down not much because I know there’s no other way but to go up, bitcoin will always find it’s way to the up or to go up it’s just a matter of time.
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November 01, 2019, 12:56:20 AM
 #49

What scares me the most is when I will miss another opportunity to make enough profit on the next occurrence of the new ath. I have missed to buy btc in 2016 and automatically regret in december 2017. So I started to accumulate more additional btc to my wallet and Im making sure it won't gonna happen again.

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November 01, 2019, 01:32:59 AM
 #50

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.

Actually its more like, tomorrow you try to login but the exchange is no more. Yes it has happened before, a few times. Not in your wallet, not in your control. This is the dilemma of the trader, they have to trust their exchange, but the risk is even higher than just doing wrong moves. In some countries people are used to State protection, but that is not always the case with cryptocurrency.

Don't invest what you cannot afford to lose...

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November 01, 2019, 02:06:56 AM
 #51

Once upon a time a boy didn't covered his trades and lost all his crypto holding to the Bitmex liquidation engine haha
What scares me the most is governments making a common front in banning Bitcoin and cryptocurrency. That would slow down the BTC price growth, but it will still continue to exist in the "underworld" of our society. However by the nature of the technology Bitcoin cannot be literally banned. I'm sure that people would still use and find ways to do so, but the adoption rate would be very low but it would crawl until governments will be forced to lift the ban. That's my view on my fear, so it is not really a fear but a wish that doesn't happen.
The government can banned bitcoin. But this is all they can do with the word!

And this is a nice picture where they have banned bitcoin.


So don't be afraid. Because they banned bitcoin would only result in a better understanding of it, and you're right "they will also lift the ban because they will see the good things it can do to our economy.

This is the scariest that I didn't want to happen.Crypto is the great help to our lives. Bitcoin is the first digital currency which is easiest to use. Lets spread how good Bitcoin. So the goverment aware that this is everyone's needed

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November 01, 2019, 02:10:50 AM
 #52

That's why it is essential to always keep a backup of all the wallet information that we have, it doesn't necessarily mean that it should be electronically backed up, some times the most secured way is to create a hard copy of the information and keep it in our vault if we have, or in a place where we know it is really safe.

By the way, I think the person who buys pizza for 10,000BTC even is scarier than this.
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November 01, 2019, 02:20:47 AM
 #53

Everything need a proccess, bitcoin and cryptocurrency as whole have a value it just because a proccess. Do you remember when China was banned bitcoin, altcoin even they were thinking that blockchain is nothing a few years ago? But now did you got an information that the Chinese government will implement the blockchain technology on their country.

What it does mean? It is proccess thing. Bitcoin will going to zero (it is possible) but it needs a proccess. You will never wake up by looking at the condition of the price of bitcoin being zero, it is not impossible. You will get information first and you will find the truth and yeah you will set it if you have bitcoin.

However, this situation is far to happen since bitcoin and cryptocurrency as whole is being used by many people on this world.
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November 01, 2019, 02:22:34 AM
 #54

There are two things im really afraid of, losing my private keys and finding out someone stole my money.

When it comes to bitcoin price, im aware of the risk involved after I decided to invest in crypto thus im prepared whatever the outcome of my investment. So if ever btc lose its value I can comprehend since btc is high volatile.

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November 01, 2019, 02:51:31 AM
 #55

The thing that scares me most is to wake up one and day exchanges do not accept BTC conversion to fiat and merchants in the whole word do not want BTC as mode of payment in their shop.  I can bare with private key losses because I do not hold that much of BTC but waking up one day knowing that I cannot convert or use it to buy stuff and pay my bill.  

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November 01, 2019, 03:03:24 AM
 #56

I am not afraid at all, I think every investment and trading is involved in some sort of risk so it's a natural process that cryptocurrency and Bitcoin contain have some. but the most concerning issue for me is the market volatility, It's really alarming for me because the price of cryptocurrency doesn't have any positive movement, it's totally dependent on the price of Bitcoin, still, Bitcoin is the highest and largest coin in every aspect, so cryptocurrency requires a move to push Bitcoin aside, but it's not an easy way for doing this, so cryptocurrency needs a lot of time to make anything different thing.

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November 01, 2019, 03:29:31 AM
 #57

The thing that scares me is when all the people in the world have lost faith in Bitcoin. You must know what will happen if Bitcoin loses confidence! Not only will the value be 0, but this forum will no longer be active.
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November 01, 2019, 03:44:59 AM
 #58

What I'm afraid of is losing again my hard-earned money because of hackers, phishing and many more who are waiting for the chance to steal my money.

I have experienced such an event, losing my bitcoin wage in a five-month campaign as a bounty hunters.
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November 01, 2019, 03:52:16 AM
 #59

The most thing that I am afraid of is when I see all of my bitcoin and altcoin is at the downtrend because, at that moment, I cannot see a chance to get a profit. I don't use big money to invest in crypto, but I am worried to see the bad thing happen, and I think that it is reasonable to be afraid if we are in those situations because some of us are not ready to see that.

Even though I don't use big money to invest, still, I need to hold my emotion and not to panic if the market fell because I know that the market will always fluctuate and will like that from time to time. I need to realize that it will be my risk, and I should accept the risk of investing in cryptocurrency.

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Flor1982
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November 01, 2019, 04:23:34 AM
 #60

Losing private key is not a scariest thing for me because it is preventable therefore as long as you make them safe from being stolen and keep them safe then there will be no problem. What makes me scared if i lost my investments again like in 2017 in which i invested big but lost everything because i missed the opportunity to sell high when the price is sky rocketing. Hopefully it will never again in this very unpredictable market.
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