What were your FEAR on cryptocurrency and investing on it?

[Freemind]

Although I don't know if you can call it fear, what has always worried me most is safety. The concern about having all the assets safe, so that no one can steal them, is one of the things to which I have dedicated the most time since I learned about cryptocurrencies and began to be interested in them. So not only did I learn a lot of ways to protect assets, but I also learned quite a few things about general security. I can say the same when it comes to investing. Always trying to maintain maximum privacy (although we already know that it will never be 100%) and learning to compare information in different ways have meant that I never have problems in that regard.

[JoyMarsha]

My fears in the crypto space are mostly on failure to take profits on time, investing in coins that will later be rugpulled by their owners, entering the k at the wrong time, when the market is at the downside after investing at a high price

[Z-tight]

investing in coins that will later be rugpulled by their owners

This happens with a lot of new coins out there, you buy them and then the developers run away with investors money or they just stop working on the project and it becomes a dead project. I don't invest in new coins, but for those who do, they have to do their own research before buying it.

[lepbagong]

investing in coins that will later be rugpulled by their owners

This happens with a lot of new coins out there, you buy them and then the developers run away with investors money or they just stop working on the project and it becomes a dead project. I don't invest in new coins, but for those who do, they have to do their own research before buying it.

It seems to be a trend these days for irresponsible new project developers to abandon the project and run away with the money of the investors who have trusted them. Not a few developers also stop the project in the middle of the road so that the project dies, or it can also continue, but the price obtained is not in accordance with the investment made, aka the investor experiences a loss. I am the same as you, I have no interest in investing in a new project at this time until the situation has recovered, but there is no problem if someone invests in a new project because they have analyzed it well.

[bitmover]

My main fear when I discovered bitcoin was the Fear of Missing Out lol
I really believed in bitcoin, and I still do.

I put some money to it , it was a lot for me at the time, although I think i should have put more

[MrSpasybo]

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?

Well, I didn't understand anything about crypto and blockchain at first but I wasn't afraid of the technological barriers related to creating, protecting, and managing accounts because there were always available tutorials on Youtube. I am an investor so honestly, I am afraid that my capital is being misused and cannot generate maximum profit.

For example, BTC holders are getting higher returns than ETH holders, meaning that BTC investors are using capital more efficiently than ETH investors. The scariest thing is when we blindly believe in deadcoin and then suffer losses instead of investing in more potential projects and gaining a lot of profits.

[Rruchi man]

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

I was not very confident in my ability to keep my bitcoins safe; the concept of self-custody looked very cumbersome and something risky. Risky yes, but not cumbersome with the proper information is what I later got to find out after not letting my fear hold me back. There are people who have failed to invest in bitcoins simply because they could not overcome the fear that they have. Fear can be a limitation, and we must never allow it to take roots.

[Report]

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

What I fear is losing assets because the cryptocurrency owner is absolutely the one who owns it, no one knows and no one should know so that hacking does not occur. If the price problem changes all the time, I have anticipated it by selling when it is green and buying it when it is red.
If the coins I have like Bitcoin and my wallet are hacked and my Bitcoin is lost, then I will definitely lose my assets. What is feared is hacking and this is my personal opinion.

[albon]

Initially there were two types of disagreements, first the one i followed got profit and encouraged me to invest. The second one who had already lost money by investing showed me the downside several times. Such differences hamper the journey of new investors. I was invested by practice and research but of course the risk factor always pushed more. Everyone has the fear of losing money, so new investors get this fear more. But if he researches crypto well then he is definitely worry free to invest.

[Sim_card]

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

What I fear is losing assets because the cryptocurrency owner is absolutely the one who owns it, no one knows and no one should know so that hacking does not occur. If the price problem changes all the time, I have anticipated it by selling when it is green and buying it when it is red.
If the coins I have like Bitcoin and my wallet are hacked and my Bitcoin is lost, then I will definitely lose my assets. What is feared is hacking and this is my personal opinion.

Of course, everyone at first will be scared of losing his funds, especially if he gets updates on hackers stealing funds from people's wallet. I also felt this, but as time passes on, I increased my knowledge and understand how to keep my wallet safe. This is a big problem for many newbies because some of them leaves their coins in an exchange and it can lead to loss of assets.

[Faisal2202]

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?

Fraud and scams are something too rare in today crypto market, I mean there is no need to be fear of getting scammed by any project, you (as a newbie) just have to pick one token from top 100 and start analyzing it's patterns and once you think you have some data about it in your mind and you can process it and extract some meaning out of it then you can make trades confidentially.

I did not feared from cryptocurrency as it opened many gate ways for me, I earned from this field and if I lost some money in it that's not a big deal but tbh I did not lose that much in this field yet and I am very grateful to Allah for that. I made money only. But as a newbie my first fear was to send my money from one wallet to another. I feared that what if the money won't appear on the other wallet and what if it stuck in the network or that someone from the network will stole them etc. etc. I was too paranoid about it as till now I did not seen any newbie in my life who was this paranoid. haha.

[lepbagong]

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

What I fear is losing assets because the cryptocurrency owner is absolutely the one who owns it, no one knows and no one should know so that hacking does not occur. If the price problem changes all the time, I have anticipated it by selling when it is green and buying it when it is red.
If the coins I have like Bitcoin and my wallet are hacked and my Bitcoin is lost, then I will definitely lose my assets. What is feared is hacking and this is my personal opinion.

I think it is true that the fear of hackers is the main one. Everyone will also feel a loss, as you said, because they lost their crypto assets due to hacking by people we don't know, but all of that can be avoided, because it is returned to ourselves, whether we can't take care of it properly so that the wallet is not hacked, the main thing is not to open links that we don't know and usually from there most hacking occurs. While about the price you are right that it sells when the asset is green, and we feel that we have enough profit and buy when it is red.

[Tribalchief]

Not sure of what I'm scared of, but there are probably two things I'm trying to afford at all cost. One is the fear of falling for scam, while the other is buying a project that I won't be able to get out of after investing heavily. I've seen some people that gets stuck with new projects just because they believe they can make profits from it, thinking it still has that same pumping momentum compared to when it was newly listed.

[lepbagong]

Not sure of what I'm scared of, but there are probably two things I'm trying to afford at all cost. One is the fear of falling for scam, while the other is buying a project that I won't be able to get out of after investing heavily. I've seen some people that gets stuck with new projects just because they believe they can make profits from it, thinking it still has that same pumping momentum compared to when it was newly listed.

It's natural if you experience fear of falling into a scam trap and everyone who does anything will be the same as you and that's common and very understandable.
Investing in new projects is what often happens, where the project looks great, but when we invest, but what happens is a scam or paid, but the price we get is not comparable to the value of the investment we made.
The dilemma as an investor when choosing the wrong investment that we will make even though the analysis is good.

[taufik123]

-snip-
Investing in new projects is what often happens, where the project looks great, but when we invest, but what happens is a scam or paid, but the price we get is not comparable to the value of the investment we made.
The dilemma as an investor when choosing the wrong investment that we will make even though the analysis is good.

Even if a good analysis will not guarantee that the project will be successful, there will be many obstacles that may occur.
When at the beginning the project was completely legitimate and would have made more profits, but in reality the project was a scam and their coins were just garbage.

My personal experience has been and even participated in many projects that ended up being scams.
Spent thousands of dollars to get into a new coin investment project in the presale,
but in the end the project failed and did not produce a definite distribution and the coins were worthless.

This is a risk that you really have to think about before investing in a new crypto project,
because there are a lot of problems that can happen, and you lose all that money.