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Author Topic: What scares you the most?  (Read 1950 times)
k@suy
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November 05, 2019, 04:33:13 AM
 #141

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 greatest fear is hackers gaining access to wallet I am having fear over the growing sophistication of hackers on the daily basis, if big exchanges despite their huge financial resources that can get hacked then an ordinary crypto hodler would have to be extraordinarily careful. I am not bothered by the market going down having in the crypto system for some years now and its very obvious when the price dumps with respite to bitcoin its pumps again and my private keys are well written on a paper and kept in my cupboard.
Im a victing of this, hackers took away my money, my money that I has been working day and night for me to sustain my everday needs. Since then I always look for my account everyday for me to make sure that no one steals it again , I put a strong password and 2FA on it. That could be my worst nightmare that I do not want to happen and see again.
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November 05, 2019, 04:38:24 AM
 #142

For me, I don't worry too much about losing my private keys, because it is unlikely to happen rather an unexpected cryptocurrency market crash. The cryptocurrency market is unpredictable thus anything can happen at any giving time.
Losing private key is you personal matter while crashing with the market is not in our hands to predict. It's very scary once you are in the investment side and after dealing with your research and you are expecting trends to favor you and what happened is the movements went to the other side and you are unprepared to cut out loses and everything went to a doomed putting you in the deepest negative outcome, that's more scary. Since you don't have any control of situational events inside this market.
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November 05, 2019, 05:33:32 AM
 #143

As much as I'd like to say losing my private key or something of that sort,  what scares me the most would be waking up to see that Satoshi dumped his wallet! That's tantamount to killing the market. No matter how hard I try,  I just cant seem to shake off the thought of such a possibility.

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November 05, 2019, 02:23:55 PM
 #144

I am very afraid of the exchange, because they can be hacked at any time. Interacting with crypto is very convenient using exchanges, but there is a risk. It scares me
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November 05, 2019, 02:31:00 PM
 #145

I think out of everything in the space, it is the greed of wallstreet and the unwillingness for many governments to accept change gracefully.

Krislaw
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November 05, 2019, 02:47:33 PM
 #146

Exchange hack or continuous maintenance of an exchange is one my scary thing. Imagine an exchange going on maintenance the moment you need funds urgently or when you just transfered some funds there.
hacked email is the most scary than anything.

i felt it myself when i received an email that someone tried recovered my password.

That's what I was also scared of before too. But you can't get hacked if you have a strong password and 2fa enabled on your email. Also try to have multiple email accounts and also have some security questions on them.
JC btc
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November 05, 2019, 02:59:12 PM
 #147

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 greatest fear is hackers gaining access to wallet I am having fear over the growing sophistication of hackers on the daily basis, if big exchanges despite their huge financial resources that can get hacked then an ordinary crypto hodler would have to be extraordinarily careful. I am not bothered by the market going down having in the crypto system for some years now and its very obvious when the price dumps with respite to bitcoin its pumps again and my private keys are well written on a paper and kept in my cupboard.
Im a victing of this, hackers took away my money, my money that I has been working day and night for me to sustain my everday needs. Since then I always look for my account everyday for me to make sure that no one steals it again , I put a strong password and 2FA on it. That could be my worst nightmare that I do not want to happen and see again.

If you got hacked, then it is fine, life must go on, still you can still earn those stolen from you , still you can access crypto in different way, so it is still okay. What is scary is that each government in every country will decide to banned cryptocurrency and there is no way we can access it, if they banned it from google too, in that way, there is no chance for us to earn.
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November 05, 2019, 03:32:17 PM
 #148

I would be afraid of myself to not make all the stupid mistakes over and over again that I have made so far as I want to take responsibility for my own actions or in many cases inactions. Once we all act more responsibly and don't play the blame game over and over, we can truly get the results we want and I can see that even in one month from my reaching the bottom again, I am seeing that discipline and hard work, especially in the beignnign phases and being true to our hearts, intuition and our goals, we can all achieve the success we so much desire. You need to have the tenacity of a lion though and the bravery to execute and see your plan through. We only should waver on our plan if we can improve upon it.


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seoincorporation
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November 05, 2019, 03:38:49 PM
 #149

What are your biggest fear in crypto?

I have 2 main fears...

1.- Cryptos getting banned all around the world... Governments could easily block the ports that use cryptos and make from it something illegal with a lot of years in jail if someone uses them, that would be the end.

2.- Crytpos getting nuked by quantic computers... If the most powerfull quantum computer generate all posibles private keys, then he could transferr al the bitcoins in one single transaction.

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perfect999
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November 05, 2019, 07:39:59 PM
 #150

I think that crypto users are usually afraid to lose their coins by cyber attack or losing private keys and the second fear is huge price dump.
From the first fear we can protect ourselves with different security measures, at least when our wallets are in question and the solution for the second is to diversify investments.

We may afraid to lose our money by way of investing and when someone hacked your email or your coins/tokens , but we still have all the chance to earn it, but if the crypto industry will be gone, that is the worst one, as we can no longer have the chance to earn thru it. We can never earn what we have lost. It will be a greatest failure for all people.
Personally, I am not afraid of all these hacking and security challenge because that one can still be under control, all I just need is to secure my account carefully and ensure that I don’t let my password to be too loose for people to take advantage of it and hack into my wallet, while I also deal with hardware wallet alone, but what is of great concern to me or which I would say was initially of great concern to me was that cryptocurrency might be gone one day if there is no longer support for it again which I doubt to some extent.

Thee time that I had this fear was the time that many government was having issue with it, especially when it lacks the absolute support of some of these great countries like china and US, but now, we are beginning to have support from those countries which is seriously allaying my fear of cryptocurrency going into extinct.
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November 05, 2019, 07:47:43 PM
 #151

I'm scared of hacking of a cryptocurrency exchange because most of the exchange hacking news crashes the crypto market. I'm not afraid of losing my bitcoin wallet private keys because I'm using blockchain.com wallet - it's an online bitcoin wallet that does not require private keys rather a password for login.

South Park
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November 05, 2019, 07:52:31 PM
 #152

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 to lose my coins, while I have taken every single step I could think to protect my coins the truth is there is not solution that will protect your coins at 100% and if I made a mistake in the process then my coins are easier to steal than what I thought, besides even if you can protect your coins against hackers that does not protect you from losing your coins in more traditional ways like someone stealing the computer where you had your wallet or maybe the hard drive where you had your coins malfunctions and you lose your coins as well.

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deviant99
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November 06, 2019, 02:34:44 PM
 #153

My biggest fear is losing a big amount of money that I earn for and invest in bitcoin because it's hard to decide if you're going to take the risk especially when the money is big

 
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