What were your FEAR on cryptocurrency and investing on it?

[EluguHcman]

I think the best way to give a straight answer to this is to hold on the topic.
I literally heard about cryptocurrencies at the mention of Bitcoin and during then was the memory of MMM the Ponzi scheme which developers scammed people in the platform seemed to be investors that I had to reflect investing on Bitcoin is not far from being the same

Then I suffers a lot and could not afford a dime possible to loose without panic and then I just declined from investing on it.
Then now, I am admitting my thoughts about cryptocurrencies then was wrong since I could grow up with a maturity in the head of accepting the risks involved and same process learnt about the reality of cryptocurrencies.

[Z-tight]

and during then was the memory of MMM the Ponzi scheme which developers scammed people in the platform seemed to be investors that I had to reflect investing on Bitcoin is not far from being the same

Many people thought BTC to be scam, a bubble and all sorts of wrong ideas, it is not just you, a lot of those people now own BTC, they admit they were wrong about BTC and they are now bitcoiners. BTC is a decentralized and safe network, though your coins are only as safe as the device you store it in.

[taufik123]

and during then was the memory of MMM the Ponzi scheme which developers scammed people in the platform seemed to be investors that I had to reflect investing on Bitcoin is not far from being the same

Many people thought BTC to be scam, a bubble and all sorts of wrong ideas, it is not just you, a lot of those people now own BTC, they admit they were wrong about BTC and they are now bitcoiners. BTC is a decentralized and safe network, though your coins are only as safe as the device you store it in.

Eventually those who initially underestimated bitcoin, they will start buying bitcoin as it continues to reach a new ATH and now reaches $100k++ becoming a tremendous attraction for new users.

There are even many people who say that bitcoin will go to zero, but the proof is that Bitcoin is now the most popular digital currency today.
Those who are afraid and do not have any strategy, will only be left without profit.

[lepbagong]

and during then was the memory of MMM the Ponzi scheme which developers scammed people in the platform seemed to be investors that I had to reflect investing on Bitcoin is not far from being the same

Many people thought BTC to be scam, a bubble and all sorts of wrong ideas, it is not just you, a lot of those people now own BTC, they admit they were wrong about BTC and they are now bitcoiners. BTC is a decentralized and safe network, though your coins are only as safe as the device you store it in.

At first, before knowing in detail about bitcoin, it is certain that everyone also had the same thoughts as you said, but now everyone understands that it is not like that. In fact, bitcoin is very popular with many investors for being used as an investment because it is very profitable.
Because of its decentralized nature, no one is able to regulate and intervene directly, aka it is very safe, but it still has to be put in the safest place, according to you.

[bayu7adi]

Some things I fear when I dive into the world of cryptocurrency, the first is hacking... yes until now I have been a victim of hacking several times with various methods, and it really harms me... hacking is very difficult to prevent, especially if our main wallet turns out to be the target, it will clearly make us panic and even this is very much related to mentality...

The second, I am afraid that my sacrifices are in vain... I often spend money to learn cryptocurrency or take classes, but what I fear is if the effort is in vain, at least I want every learning I do to be able to be applied or practiced...

[bitterguy28]

Some things I fear when I dive into the world of cryptocurrency, the first is hacking... yes until now I have been a victim of hacking several times with various methods, and it really harms me... hacking is very difficult to prevent, especially if our main wallet turns out to be the target, it will clearly make us panic and even this is very much related to mentality...

i am sure we are all scared of being hacked there is nothing wrong with being scared of this at least you would not be irresponsible and reckless when it comes to clicking links, entering websites, or connecting to public wifis and etc fear is what keeps us safe and what allows us to make protective and precautionary measures

The second, I am afraid that my sacrifices are in vain... I often spend money to learn cryptocurrency or take classes, but what I fear is if the effort is in vain, at least I want every learning I do to be able to be applied or practiced...

knowledge will never be wasted mate if you look at the market and the community many people have already make profit and progress when it comes to money so if you are worried about that don't just make sure that you apply your knowledge well correctly

anything you learn is something you can keep forever and something you can use anywhere you go so nothing about what you are doing will be in vain

[Asiska02]

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?

I come from a place where everything that is related to online technology and requires you to put money is called a scam. When you begin to engage in them, you’ll be scared of being scammed or losing your money and you won’t have anyone to hold responsible when those money are gone. That held me back even when I heard about cryptocurrencies earlier, the more general view of people was what we were following and also the impression that everything online that requires you to put your money is a scam was my biggest fear. But today, what was possibly the fear is now my best but I never regretted joining late because I feel I’m still early looking at the number of people that have adopted the bitcoin technology.

The fear also made me to be able to avoid scams which I haven’t really fall into any major scam scenario before. Before the invention of cryptocurrencies, there was scam and fraud that were prevalent even in the fiat market, so I don’t see the reason why bitcoin can be called a scam or a fraud when it’s decentralized, an outrightly spoken technology that prioritize more its privacy and security for the total control and ownership of one’s assets.

[lepbagong]

Some things I fear when I dive into the world of cryptocurrency, the first is hacking... yes until now I have been a victim of hacking several times with various methods, and it really harms me... hacking is very difficult to prevent, especially if our main wallet turns out to be the target, it will clearly make us panic and even this is very much related to mentality...

i am sure we are all scared of being hacked there is nothing wrong with being scared of this at least you would not be irresponsible and reckless when it comes to clicking links, entering websites, or connecting to public wifis and etc fear is what keeps us safe and what allows us to make protective and precautionary measures

It's natural to be afraid of hacking that happens, and I've experienced it when I had trouble asking for help from the admin, who didn't know the admin was fake, and I easily followed his instructions so that the hacking happened. So if you want to say, it's true that all of that is because of the carelessness we do and don't correct it first, but maybe now it's more about links that are very foreign, and we are often not wise and click on those links.

[Auwal01]

Prior to becoming accustomed to trading cryptocurrencies, I am afraid of the market's volatility, particularly its volatility in terms of price fluctuations. I had to learn about digital marketing and weigh the benefits of trading the valuable coin before entering the business world, but now that I know the business model, I feel fortunate to be a part of the industry and am taking advantage of the chance because I believe my future cryptocurrency investment will be excellent and beneficial to my financial situation. I'm at a loss for what to do if not with the knowledge and attitude.

[sampoerna]

i am sure we are all scared of being hacked there is nothing wrong with being scared of this at least you would not be irresponsible and reckless when it comes to clicking links, entering websites, or connecting to public wifis and etc fear is what keeps us safe and what allows us to make protective and precautionary measures

It's natural to be afraid of hacking that happens, and I've experienced it when I had trouble asking for help from the admin, who didn't know the admin was fake, and I easily followed his instructions so that the hacking happened. So if you want to say, it's true that all of that is because of the carelessness we do and don't correct it first, but maybe now it's more about links that are very foreign, and we are often not wise and click on those links.

This may often happen and it works for them, they can easily scam their potential victims, unknowingly, their victims can easily follow the instructions of the scammers who pretend to be fake admins quickly. Fortunately, some were saved because they realized it first, but many still became victims.

and for hacking itself, this is cyber crime, which is sometimes difficult for us to avoid in the online world. However, we can also be aware of this, because no matter what, we have to protect our assets, so we have to be more careful in storing assets, storing personal information, PINs, passwords, and so on, including not clicking on random links that are likely phishing links

[Chilwell]

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?

It's natural to have doubts or fears when considering something new, especially when it involves technology. With scammers operating through technology, it's understandable to be cautious. Investing in cryptocurrency can be intimidating, and concerns about losing money or falling victim to scams are valid.

I had similar concerns: 'What if I lose my investment?' or 'What if I miss out on potential gains?' However, after taking the leap and becoming more knowledgeable, I realized that investing in cryptocurrency was the right decision for me.

[lepbagong]

i am sure we are all scared of being hacked there is nothing wrong with being scared of this at least you would not be irresponsible and reckless when it comes to clicking links, entering websites, or connecting to public wifis and etc fear is what keeps us safe and what allows us to make protective and precautionary measures

It's natural to be afraid of hacking that happens, and I've experienced it when I had trouble asking for help from the admin, who didn't know the admin was fake, and I easily followed his instructions so that the hacking happened. So if you want to say, it's true that all of that is because of the carelessness we do and don't correct it first, but maybe now it's more about links that are very foreign, and we are often not wise and click on those links.

This may often happen and it works for them, they can easily scam their potential victims, unknowingly, their victims can easily follow the instructions of the scammers who pretend to be fake admins quickly. Fortunately, some were saved because they realized it first, but many still became victims.

and for hacking itself, this is cyber crime, which is sometimes difficult for us to avoid in the online world. However, we can also be aware of this, because no matter what, we have to protect our assets, so we have to be more careful in storing assets, storing personal information, PINs, passwords, and so on, including not clicking on random links that are likely phishing links

It is indeed easiest to commit fraud, which can be done very well by fraudsters by changing themselves as admins, and it is inevitable that in the end it can be easy to take over our wallets.
I agree, that hacking is the most unacceptable act for anyone because it is very detrimental to those who experience it, and it is true that this is a cybercrime that is sometimes difficult to avoid. We should be able to prevent this from happening by always being more active than those who commit fraud by updating everything we do.

[JoyMarsha]

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?

The stories of theft and hacking, price fluctuations, and scams held me back the initial time from moving stronger in crypto investment, but as time went by, I began to realize that one could avoid all that, that could result from falling victim to scams and theft and focusses more on Bitcoin investment than altcoins investment because you are sure of having a return of loss investment in Bitcoin compare to altcoin that one doesn't know their future, whether they can get back to their ATH in the future.

[Dr.Bitcoin_Strange]

and during then was the memory of MMM the Ponzi scheme which developers scammed people in the platform seemed to be investors that I had to reflect investing on Bitcoin is not far from being the same

Many people thought BTC to be scam, a bubble and all sorts of wrong ideas, it is not just you, a lot of those people now own BTC, they admit they were wrong about BTC and they are now bitcoiners. BTC is a decentralized and safe network, though your coins are only as safe as the device you store it in.

can you believe that even some of those who were also among the early holders of bitcoin never really saw the vision that Satoshi saw, either did they believe that Bitcoin would come this far, so i don't blame those who felt or still feel skeptical about Bitcoin or its potentials because they are among those who do not really understand what Bitcoin is all about.

this is why we always encourage investors, especially he newbie investors to always try as much as they to stay informed and gain as much knowlegde as they can so can they can really understand the true concept of BTC before even venturing into its acquisition.

[BitMaxz]

can you believe that even some of those who were also among the early holders of bitcoin never really saw the vision that Satoshi saw, either did they believe that Bitcoin would come this far, so i don't blame those who felt or still feel skeptical about Bitcoin or its potentials because they are among those who do not really understand what Bitcoin is all about.

this is why we always encourage investors, especially he newbie investors to always try as much as they to stay informed and gain as much knowlegde as they can so can they can really understand the true concept of BTC before even venturing into its acquisition.

I remember someone yelling on YouTube and telling people that Bitcoin and crypto are scams and he wants to debate to anyone who promotes BTC.
Now that the price was increased and more people are investing, I don't know what he can react to at this current price, and people are more interested in investing more in crypto. I can't blame them since they are newbies about crypto, but yelling about Bitcoin and crypto in public seems like a pretty bad idea, pushing people to believe that Bitcoin and crypto are scams. Not all cryptos are scams; there are some of them, but not all. He needs to do research first and study about Bitcoin and the whole crypto before randomly yelling in the public without knowledge.