Topic: Best and Worst Case Scenario for Bitcoin - page 2. (Read 1192 times)

Hmm. I don't agree with you about worst case, Because, how can government control bitcoin? how to control market? how to control blockchain? how to control transaction? it just can be manipulated by some people who sell or buy bitcoin in higher or lower price. And that affected the price

the worst thing for me is when bitcoin is not accepted in all countries and must be blocked in all countries in the world, 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 many people economy.

it doesn't matter what will happen to bitcoin, they can have it all if they can. but the government or cartel would have to chase all these sprouting tokens and coins to actually control all these. they will be chasing the wind in this case as there will be more coins coming out. there is no way an organization can control crypto, they'd have to give up the market and leave it decentralize.

Worse case scenario: loss of confidence in btc would collapse the entire crypto market. The mrkt cap at the time would go straight to zero and a massive evaporation of wealth would kill the possibility of ever again having an alternative currency.

It is unlikely, but Bitcoin could render government currency irrelevant and obsolete. That would be bad for the market for official currency, but it would not happen unless it were good for everyone and everything else.

Best scenario is that still it has not totally come under government s control despite their continuous actions thus seems to be a safe haven for its holders.

Worst scenario is that it's a wonderful technology invented to avoid intermediate bankers for payments but now almost considered to be just a high ROI giving asset.

  To my view I think the worst case scenario for Bitcoin may be this year that is 2018 we have  seen signs of risk taking in the market .We have also seen Bitcoin recovering rapidly and it also shows an upward trend . Hackers can wreak havoc on the Bitcoin market a failure,theft, of major exchange can lead to a confidence in Bitcoin . The regulations led by the government could cause tougher on the Bitcoin industry .

If we predict one thing and if it happens maybe it is the best case scenrio for you and in vice versa if it not happen maybe it will be the worst case scenario for you. The bat case is qhen the bitcoin is bull run continiously till it reach the highest price an worst case is when many country banned it again

1. Best case scenario: by 2020 we are back in bull market; people gain confidence, no such thing as one big wallet controlled by one person or unknown company, but a big, important entity and conglomerate of trusted companies, making this known as digital gold, offering the fundamentals and support for the market.
2. Worst case scenario: Bitcoin fud increases, we get back to 2014 where soldiers witness stuff that no child should know, doom levels get down beyond hell and chills, in drops that just makes the hell implode. In other words, what we see now is a stubborn bitcoin and altcoins turning ghosts of the past.

I agree that it would be very difficult if not impossible for a central authority to control bitcoin, but with mining concentration growing in China under Bitmain, the likelihood of a 51% attack increases, especially if China seizes their equipment under duress.

Well theres only movements here in crypto world, the worst case is when it falls down deeply and the best case when its rising up and surpass the current price, but there is no worst case if you know how to handle coins, if it falls down just hodl it and wait, be patient, make sure to sell it if you can surely earn profit.

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. 

There is a reason why your friend talked about the worst case scenario. Many organizations and entities are doing illegal business through the payment of BTC which is the main reason why governments are still trying to regulate it. BTC being easy to use, transfer and having extra security are being both the advantages and disadvantages in this scenario. Hopefully, there will be a solution to it in the coming years and it will get normalized.   

The government might be able to continue to let cryptocurrency remain, and not accept the virtual currency as a payment instrument, and that is a situation that I think must be done. But I suspect that sooner or later, the government will try to disappear from its existence.

The potential for government regulations about Bitcoin is most likely to exist, when many countries have limited access to or exchange of other Bitcoin and cryptocurrency. China has been known for banning ICO (Initial Coin Offering) and limiting access to Bitcoin exchanges.

Keep in mind that Bitcoin is not anonymous at all. Users routinely make mistakes that weaken or eliminate anonymity from Bitcoin. As previously reported, the IRS has run services from the Blockchain analytics company Chainalysis to help find potential tax fraud for those who do not report their Bitcoin profits.

India has become the umpteenth time to try to get rid of Bitcoin by filing lawsuits because of its anonymity. Advocate Bivas Chatterjee asked the court in India to immediately regulate the outflow of Bitcoin in India. It believes that Bitcoin is difficult to track and is the vehicle of choice for illegal financial transactions and other criminal acts.

However, countries with large economies such as Japan have considered that Bitcoin itself is a method of payment in the future.

To control Bitcoin you'd have to have at least 51% of the whole supply. It's too decentralised to be fully controlled.

Best case scenario for Bitcoin is the price go to moon like $500k and the people would kill themselfs WHO has no bitcoin, and the worst case scenario for Bitcoin is the bubble and explose.. Anything can be happen in this World right now so i won't be suprise in any case but i wish to rising because i am bitcoin holder

bitcoin will live it needs to be taken. for bitcoin, the future also needs to be understood

Well it does not really the only worst case and best case scenario. But as you have stated, when in terms of government control, they can not do it, but it may have a conspiracy in group of rich people. Capitalist are always doing what they can do in order for them to stay on top and that is the problem of today. On the other side, bitcoin will be more great than the current currency of today and that will be a very good thing. As of today the thing that will happen is the rise in the market of bitcoin.

I believe this is just you thought and at that there is just little to what I will say, bitcoin can never be a bubble and at that there will never be a cinerio that will make that happened. And again bitcoin as a highly decentralized assets can never be control or subjected to such treatment from government.

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