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Author Topic: What is your biggest fear  (Read 156 times)
ImThour
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September 29, 2024, 06:13:50 PM
 #21

My biggest fear is to have no Internet access in the world. Which will break so many things including Crypto. I love multiplayer games and it's part of my life from a very young age, if I wouldn't be able to communicate over the internet that will be very hard. I mean I can surely live with my friends but this is the biggest fear in terms of technology, I can't live without an Internet connection. So it indirectly means I will not be able to trade my Bits for cash if I ever want making them useless.

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September 29, 2024, 06:49:46 PM
 #22

My biggest fear is losing my bitcoins to scammers due to my own carelessness. This is why, I try as much as possible to be security conscious always. Regarding Bitcoin's invention, I am not scared that Bitcoin might eventually turn out to be a scam or another invention that will soon fade away. I have 100% trust in Bitcoin and I am willing to risk it. Bitcoin has come a long way for me to still have doubts about it.

My second big fear is being unable to access my bitcoins either due to lack of electricity, Internet or system malfunction. What ever form it will come with, I should be able to have access to my coins whenever I want.

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September 29, 2024, 07:01:42 PM
 #23

I definitely remember those early days of investing in Bitcoin.  Man, I was scared to death I would lose everything.  That constant fear of a total loss clung to me.  Even now after some growth, one of my top worries is still governments bringing the regulatory hammer down hard on the Bitcoin market in a major way.  That could really mess things up and  i also worry about the security risks, like for example hacking or theft.  While Ive taken steps to lower the risk there, the fear of seeing my account zeroed out is always lurking.

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September 29, 2024, 07:07:29 PM
 #24

One of my biggest fear is that the government in my country will ban cryptocurrency and put to jail if they find out that you are still using cryptocurrency even though it is not allowed. Having no access to Internet is also one of the things that I don't want to happen. Crypto being banned won't stop people from using crypto but there's a risk of you ending up in jail if that happen. I think that's the most important for a bitcoin enthusiast want to avoid or don't want to happen.

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September 29, 2024, 07:45:37 PM
 #25

Before, many thought that government and institutional involvement would make Bitcoin more valuable. And then, the actual thing has come and it becomes the fear of many but we can no longer revert that. While the value of Bitcoin increased and it did happen, we're starting to see that it didn't come just as many have thought. Mostly, thought that it was just about adoption, usage, demand, and whatnot. Come to the actual point of government and institution intervention, we've seen ETFs, one country that made it as a legal tender, soon we'd see more of these countries use a Bitcoin reserve aside from having gold's.

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September 29, 2024, 08:38:19 PM
 #26

With all the years of experience, bitcoins has become a daily life for investors in bitcoins .
 Even at this, do you know that in most cases of things you know too well, fear do arise when you think the other way round.
 Since you have been investing or studying about bitcoins as a newbie, what are still your biggest fear.
Bitcoin has become part of my normal life activities because of this forum and my Bitcoin investment too; I don't feel good when I haven't check any Bitcoin related application or visited this forum to see the discussions going on, and I am used to it because of the freedom involves in Bitcoin investment.
My biggest fear is that, I don't Bitcoin price to surge high when I am yet to accumulate good amount of Bitcoin because I will want to have good fraction of Bitcoin before Bitcoin price go above $100k.

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September 29, 2024, 10:06:30 PM
 #27

When the whole world goes on a chaos and internet access will be cut down through its connection first from the depths of the ocean with those fiber cables and then interrupted signals from the satellites like starlink. That's a real chaos when that happens.
No gets to see the internet and so as the network continue running but our holdings will remain intact when that happens but no transactions.  Undecided

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Today at 06:28:16 AM
 #28

Yeah, everybody have fears, but seriously mine is seeing bitcoin not reaching it highest peak, like bitcoin not taking over and reaching it full potentials. I could still remember when I started engaging in bitcoin and where bitcoin have put me today, I know there are others like me who have really achieve so much since the coming of bitcoin. Coming from a country like mine where we are still an under developing country, bad economy, bad governance, currupt leaders and lack of unemployment. Most of us really engage in bitcoin and crypto to earn a living. So if bitcoin should crash today it will be a huge loss for people like us and that my biggest fear.

I know how much this forum have be of benefit for me, through investment and even earing from the forum so imagine where I would have been without bitcoin today. Practically I will even say I live on bitcoin right now I Don't have any other thing doing so if bitcoin should crash today then maybe i will also crash because I don't even know where to start from.

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