Post
Topic
Board Beginners & Help
Re: What is your biggest fear
by
Marvelockg
on 05/10/2024, 15:38:28 UTC
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.
my primary fear is having to loose my Bitcoin to attackers or hackers and my second fear is having to hold my Bitcoin for the long term and it ends up being stolen from me. I'm not sure I know how to react if any of these things things ever happen. This is me just assuming a worse case scenario which doesn't seems realistic at the moment but it's best to be abraced with the possibility of these happening so we're not investing blindly. As any other investment, these two things are part of what you experience on a regular and some of us that have been involved in business have had a taste of losses  due to buying things at an high rate and having to sell it below the amount we've bought it and thier are other instances when you experience theft or cheating from the source you bought your stuff from.

Once upon a time, I was afraid when I see a dip but having to stay quite long in the system, I've come to realize that volatility is a concept I need to get used to most expecially since I'm going to stay longer in this space. I'm no longer concerned about the bear market and speculation of DIPs doesn't move me again as it use to in the early phase of my joining this ecosystem. I believe a lot of the people that are afraid of what's going to become of Bitcoin are those that are still new in the system. Once you've stayed long enough, you become more mature and gains understanding of a lot of things and fear becomes minimal with you.