Best and Worst Case Scenario for Bitcoin

wxa7115

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Bitcoin is GOD

Quote from: Mocoinaire on July 27, 2018, 03:12:31 AM

Guys yesterday had a conversation with a friend and we found ourselves discussing this issue: What is the best and worst case scenario for Bitcoin?
From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be:
Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though Grin

Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide.
Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts Grin

The best case scenario for bitcoin is that before the next economic crisis bitcoin is finally ready to be adopted by billions of people that are going to be desperate to try to find a way to protect themselves from what is likely to be the worst crisis that the world has ever seen, if that happens it is very likely that bitcoin is going to be adopted by so many people that even if fiat and banks keep existing they will become a lot less powerful than before.

The worst case scenario is that bitcoin is subverted by governments and banks and becomes a tool for them to become even more powerful than before and if that happens I do not know if we will ever have a currency that is not a slave to them.

coolcoinz

legendary

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Quote from: dohh on September 28, 2018, 12:22:06 AM

Worst: BTC will be over by 2020.

You're missing something there, is it the price? It should be: BTC will be over 10k USD by 2020. That would really be a disaster when compared to the current uptrend.

In reality the worst scenario would be if somebody managed to crack SHA 256 or hack Bitcoin some other way and make people lose confidence. We know that the governments will never work together to ban it and it won't die by itself. The only way for it to happen would be if people lost confidence and abandoned it.

The best scenario would be total adoption by a number of countries that would allow it to compete with national currencies.

FedorIzmailov

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I think that all the hedgehogs on the whole we will see the golden mean. bikkoni will be half-regulated and half will remain anonymous coin

aleksnutis

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Worst scenario: news is pressure on Bitcoin, made on a negative decision about ETF, and until the end of 2018-the beginning of 2019 Bitcoin continues to fall to 4000 dollars
Best scenario: bitcoin ETF is accepted and bitcoin goes to the goal of 50,000 - 60,000 dollars.

Dimonhamon

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Be optimistic. For example, I am waiting for a bitcoin price of $ 100,000 I think Bitcoin will make us rich.

Eraldo Coil

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Quote from: Mocoinaire on July 27, 2018, 03:12:31 AM

Guys yesterday had a conversation with a friend and we found ourselves discussing this issue: What is the best and worst case scenario for Bitcoin?
From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be:
Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though Grin

Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide.
Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts Grin

I think maybe one of the worst case scenario is that when bitcoin die or big event happen with bitcoin all other exchange market like hacking not just a simple hacking but stealing very big amount of bitcoin to the users. If this happen it may cause the end of bitcoin because many users been hacked and maybe they won't continue to invest on it. Best scenario is that bitcoin will help all the people in the world.

Ava Duvall

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Activity: 154

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Quote from: Catch-22 on August 23, 2018, 01:02:25 PM

Worst case is if it did not break the 5-digit barrier before year end. Best case is bitcoin breaks its previous record high of $20,000. I don’t look that too far ahead. Cheesy

I agree- its too difficult to predict the far future but everyone's minimal goal is to meet 20k by 2019. worst case, to have the price keep dropping

Ayomiqueen

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The best case scenario for Bitcoin to me is it's value and what it has offer to us as a new technology and new means of payment with easy way and very unique .

It was case is when it dip from high price to low price in value which gives many concern and makes some pull out in investing and manipulation is another worst case which need to really work on for big whales to allow market go in a normal shape.

coinwizard_

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Most Advanced Crypto Exchange on the Blockchain

Worst case scenario is that someone finds a security flaw that renders bitcoin completely worthless. Quantum computing is not too far away and although it cant break the current security, it might help to identify holes that no one else previously discovered.

KrishaBitcoin

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W12 – Blockchain protocol

For me, the best scenario for Bitcoin when i see the price reached $19,800 which is the ATH that its look like the price will never end of rising before and the worst scenario is when the price falls at below $6,000 that its looks like Bitcoin is reaching the end point of zero value.

jeffer8035

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I believe that the answer is in the history of bitcoin in how it has been behaved and how it has been taken by some people as a long term investment as a reserve of value others as daily work others as exchange currency others as an internet business others like currency bitcoin has many fields of use is very dynamic can be what your thoughts tell you there are still many uses that we are not given and that we are not undiscovered without a doubt bitcoin is great and is already becoming a fashion among the youngest Hopefully we have a good year

dohh

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Quote from: Mocoinaire on July 27, 2018, 03:12:31 AM

Guys yesterday had a conversation with a friend and we found ourselves discussing this issue: What is the best and worst case scenario for Bitcoin?
From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be:
Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though Grin

Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide.
Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts Grin

Depends on what You mean by "best" and "worse". For who?

Best: BTC will resonate around 5500 and 7200 for a while, allowing scammers to earn some more via pump&dump (as happened tonight).
Worst: BTC will be over by 2020.

tumis

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The worst case scenario.

Elon Musk returns with the team in his Martian mission together with his ultra energy, the size of a grain of sand.
Returns and hackes all coins with computational power, which we didn't even dream of.

At the pace of today's development it is not real?
The question is whether it will be easier to obtain such energy from space or to extract gold or discover the material that will become such a gold.
Still 100 years gold was certain. But, today neither gold nor bitcoin is so.

Such "interesting" times are coming -]

nagasaking

sr. member

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I agree with you with your conclusions about the worst case and the best case with your bitcoin, the worst thing for me is when bitcoin is not accepted in all countries and must block in all countries in the world.

indopool

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The worst thing for me is when bitcoin is not accepted in all countries, and the best scenario is when bitcoin is used for everyone in the world that makes the government automatically make bitcoin legal if it happens, it can destroy the economy of many people.

nikogluttonym

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While we see the development of the worst scenario. But all the same we hope for the best scenario.

swissgang

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For me there is no worst case scenerio for bitcoin I can think of, because it is very secure, decentralized etc. You can create this topic for tokens that will be better.

robertsu

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What if to imagine a scenario when Bitcoin will be a world currency. Volatility in him becoming a minimum, all governments doing a calculation in Bitcoins. Every person has a own the official registration purce. This a means that all transactions people publicly available. Of course the government can't to made all anonymous, because should be a control payment of taxes. Is this scenario good or bad?

letsfly

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Best case scenario for bitcoin is it will be widely accepted and price will reach $ 20k again by the december, I hope. Worst case scenario would be , it will be $1k by december and continue to lose its support.

Fmradio98

newbie

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most exceedingly bad is that when the administration makes its own digital money and overwhelms the utilization which will be sanctioned and executed lawfully then bitcoin will be only a customary crypto with reducing quality and use.
Best situation is the contrary it will the most elevated esteem that is accomplished by bitcoin and be viewed as the most prominent digital currency in the history which is broadly acknowledged as installment in an exchange.

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