What were your FEAR on cryptocurrency and investing on it?

[bitmover]

Not really fear, but back when I didn't have hardware wallet, and used to use mobile wallets to store crypto, it made me paranoid to do anything on phone, peace wasn't there until I got myself a hardware wallet.

Security is very important.

Every crypto investor should have one hardware wallet. I became much more calm and feeling safer after I acquired my hardware wallet. I have an old ledger nano which is safer and supports basically every coin

[Findingnemo]

Around 2014,  I heard about Bitcoin in the name of internet money and I didn't took it seriously because at that time internet is not that evolved among commoners like now and internet is filled with scams so I took the wrong step just because I was afraid that it's a scam but years passed then I started to understand things and finally step forwarded to invest couple years later.

[Z-tight]

Not really fear, but back when I didn't have hardware wallet, and used to use mobile wallets to store crypto, it made me paranoid to do anything on phone, peace wasn't there until I got myself a hardware wallet.

I can understand this feeling of having your funds in the same device you use to surf the internet, it can be very scary, because you do not know if one mistake will mean you have lost all your money. Good that we learnt how to safely store our funds in an airgapped or hardware wallet, for safety and peace of mind.

[robelneo]

What are the things that you feared and doubted when you started in cryptocurrency?

Like you, its the so many fake projects. Scammers and hackers have found their way into this industry, and they are so good its hard to differentiate a good project from a bad one. This has been my biggest fear ever since: getting involved in a project whom I believe has potential but later out doing an exit scam or Rug pull is still my biggest fear, because if you let your guard down and you are not updated, you will get scammed or get hacked.

[sampoerna]

Like you, its the so many fake projects. Scammers and hackers have found their way into this industry, and they are so good its hard to differentiate a good project from a bad one. This has been my biggest fear ever since: getting involved in a project whom I believe has potential but later out doing an exit scam or Rug pull is still my biggest fear, because if you let your guard down and you are not updated, you will get scammed or get hacked.

This makes us really have to be careful and vigilant with things like this, because love it or hate it, scammers, fraudsters, and projects that are easy to rugpull will definitely always be in the crypto world, which we can't stop, yes it seems we can't stop. that's why we ourselves can fortify all of that, its bad influence, and also the risk of things like that. So that we will not easily fall into the trap of scammers and the like including hype coins that are easy to rugpull. caution is very important that can make us more vigilant and willing to prepare ourselves to learn first, and be careful in concluding or taking investment steps, so as not to be deceived and lose our money easily.

[milewilda]

When I started my journey in the world and market of cryptocurrency, I felt many fears which many times even held me back to be bold and possibly reap more profits...but at the same time fear held me back from being victimized by scams and frauds.

People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.

What are the things that you feared and doubted when you started in cryptocurrency?

Experience would really be the best teacher on which on the moment or time that you will really be able to experience loses and other mistakes then it would be impossible that you wont really be able to make yourself that be learning all those stuffs and would be avoiding on next time. There would really be those times or moments that you will be hesitating on the things that you are
dealing into because you are afraid to experience more errors on which this is a normal thing but actually it could hinder out your success when it comes to this kind of behavior.

[taufik123]

Fear of scams and losing investments in crypto, as no one will guarantee losing money in crypto because it's one's own responsibility.

In addition, I am also afraid because losing crypto is caused by scammer attacks that make the perfect trap to drain the crypto wallet we have.

But I also have to be aware that I need to be careful, if it is not done loss will always be an obstacle for us to continue to progress and develop.

[bitbit97]

My biggest fear was lack of knowledge about what and where I am buying, as well as where and how to store it. Biggest fear was very first purchase. Long time ago, on other forum, I started to notice posts how people earn with crypto, how they buy, then price pumps and they sell with huge profits. Most difficult was to make first step. Those who were experienced with crypto, send me to find answers in google. So biggest fear was, when I have found exchange, registered, passed kyc (so stupid of me), to make a first purchase via card. At that moment I had zero knowledge if the exchange was scam or not, if my credit card data will leak or transaction will be safe. Bought my first BTC and did not even know how to observe price change and etc. Had to login into exchange, prepare «exchange crypto to fiat» option and see if I am positive or negative my purchase.

[TomPluz]

Fear of scams and losing investments in crypto, as no one will guarantee losing money in crypto because it's one's own responsibility. I am also afraid because losing crypto is caused by scammer attacks that make the perfect trap to drain the crypto wallet we have.

Am sure that the fear of losing from scams, frauds and hacks can be considered as the top concern of many people even those who are already involved in the cryptocurrency industry. There are people whose focus is to victimize crypto platforms and crypto-holding people so their assets can be snatched from them digitally...and these people are well-funded as the enterprise can be worth millions with the many success they already made, that is why from time to time we always hear news of scams and hacks  from this and that. So sad, actually, but this is already the very reality we are in so what we can do is to educate ourselves on safeguarding what we have and to always be careful at all times.

[bitterguy28]

People who are not tech-savvy can be afraid looking even at the long crypto wallet address and that possibility of making a simple but uncorrectable mistake that can transform something into zero.

my first fear and probably one that i still have is using the wrong wallet/exchange and getting my funds stolen right under my nose i always overthink when i use my phone i am now a lot more careful in clicking links or downloading things on my phone because i know i now hold something very valuable in there

What are the things that you feared and doubted when you started in cryptocurrency?

aside from one ive mentioned it’s always not being able to maximize a good opportunity whether to buy or sell i am pretty chill about decisions like this i can move on and accept my decision pretty quickly but still i am afraid to miss a good chance to earn more

[Nheer]

Mine was really about the security guard of my assets or my digital currency. I was scared of scammers and fraudulent cause alot of people always be a victim of being rugpull by project or some individuals. I was so curious about the security measures and how strong and reliable it is, what makes me to be so curious and concerned about that was our transactions and trading will be transparent and will be store in a blockchain (public ledger for that matter).

But as I got to deep and understand more about the crypto space I came to know that it very secure and stable and more options of securing your asset was being introduced for example like the Airgapped ( airgapped is when their is separation or departure between a computer or network from other networks, to avoid some sort of interference between them and avoid unknown source to have access or control of their networks or computers) with a lot more of security measures like 2FA, wallet security and lot more.
That was how I got more confident about the security measures of cryptocurrency despite the transaction was transparency I still had more confidence to it.

[taufik123]

-snip-
There are people whose focus is to victimize crypto platforms and crypto-holding people so their assets can be snatched from them digitally...and these people are well-funded as the enterprise can be worth millions with the many success they already made, that is why from time to time we always hear news of scams and hacks  from this and that. So sad, actually, but this is already the very reality we are in so what we can do is to educate ourselves on safeguarding what we have and to always be careful at all times.

Scam and hacking news has become FUD news that even continues to be talked about with the aim of lowering crypto prices as low as possible.
Usually it is planned and some victims may be like a big exchange experiencing a hack but users are still safe because they have a reserve of funds for users when a hack occurs.

But related to personal wallet hacking, it will not be recoverable and yes, we need to educate ourselves to be safer and more aware of all kinds of scams and hacks.

[SamReomo]

What are the things that you feared and doubted when you started in cryptocurrency?

Well, when I started in crypto market, the only fear I had that how things work in this market. And, as a trader I faced huge volatility especially of poor alt coins and back then I didn't understand the difference between Bitcoin, good alt coins and poor alt coins and that's why I faced the losses due to that high volatility levels.

However, after reading many articles and remaining as part of crypto market I learned that all those fears were there only because of lack of my knowledge regarding crypto market. I don't have any of such fears now and I'm happy to say that now I'm also part of crypto community for many years and it has given me a lot.

[Kemarit]

What are the things that you feared and doubted when you started in cryptocurrency?

It's more of how we are going to profit in this market, in the beginning we really don't know, we can only heard people of making good money but we don't know if there is a secret on doing it. Of course scams as well, I myself has felt victim to it when I was just starting around 2016-2017, it was a bitcoin doubler.

But I guess as we mature and got the experienced, we learn how to mitigate and not become a victim of scams. And as far as profits goes, it's the simplest strategy, which is DCA and then be a long term holder.

[Wonder Work]

When I first came to cryptocurrency, I had no fear because I didn't understand anything that much. Later, when I slowly learned to understand, I realized that I didn't have that much knowledge, so if I suddenly invested here, I might lose money from here, so I didn't invest here anymore, but I definitely did the small events that could be done.

The first coin I bought was a two-dollar Bitcoin, at that time I didn't really understand what it would be like, but I had a desire at that time to buy some Bitcoin, so I bought some Bitcoin. Anyway, at first everyone was a little afraid, but after learning slowly, of course, now there is no fear anymore, I do something with understanding, so these fears have disappeared.