Best scenario of bitcoin is last year December and I was earning around 2k USD and more per month but nowadays bitcoin does not seems like that good bro. I advice you to give more support on your investment side.
Then please do not believe any fake news have been sharing on the forum or elsewhere.
Topic: Best and Worst Case Scenario for Bitcoin - page 3. (Read 1192 times)
Worst case scenario is when government bans bitcoin permanently.
That is nothing, governments are going to do that at some point but when they do that it is likely the economy of the world will be crumbling and their power with it, besides while many people obey the law and would like to do so, if the choices are to eat or to follow the law 100% of the persons will choose the option that allows them to eat and be healthy and live for another day than the option that only looks for the self interests of the governments of the world. Worst case scenario is when government bans bitcoin permanently.
It's still only 1 government. This is certainly not the worst that can happen as governments never work together for a common cause, unless it's like a nazi invasion
The worst thing that can happen is if the security gets defeated, someone finds a way to infect the blockchain with a virus or breaks the encryption. Remember that external bans mean nothing as long as the fundamentals are in place. If your country bans it you aren't left with nothing. You can always go to another country and trade it there.
Your input guys all of you has been amazing I totally agree no govt can control bitcoin. Lets keep watch and see what will happen delighted to be in this revolutionary space.
Worst case scenario is when government bans bitcoin permanently.
It's still only 1 government. This is certainly not the worst that can happen as governments never work together for a common cause, unless it's like a nazi invasion
The worst thing that can happen is if the security gets defeated, someone finds a way to infect the blockchain with a virus or breaks the encryption. Remember that external bans mean nothing as long as the fundamentals are in place. If your country bans it you aren't left with nothing. You can always go to another country and trade it there.
We all have these positive feelings about Bitcoin and his future. With some variation it looks like mass adoption of upcoming years and Value of $50000. Would be necessary to achieve previous point . But imagine none of this would happen. What could the reason ? i think major reason will government restrictions regarding acceptance.
That is right, that is why we should just not let this opportunity passed out if our life that is why we just need to stay positive with what we are doing, we don't know how much value bitcoin would have in the future so if given the chance just hodl all the bitcoin you have or buy as much as you want.
My worst scenario for bitcoins is sending a huge amount of transaction to a wallet which is not the intended recipient. And the best scenario is the ability to used bitcoins send money without the assistance from a banking or financial institution.
We all have these positive feelings about Bitcoin and his future. With some variation it looks like mass adoption of upcoming years and Value of $50000. Would be necessary to achieve previous point . But imagine none of this would happen. What could the reason ? i think major reason will government restrictions regarding acceptance.
So the conclusion is all in goverment hands. If they choose to allow it then btc will rise and if they deny then btc will fall. Currently btc is in grey area. The key factor is people to push goverment to fully-legalized crypto and support it.
There is no Worst Case Scenario for bitcoin. Again, why fear governments? Please stop the paranoia. Best Case Scenario is bitcoin going mainstream. But we already know that. 
Worst case scenario is when government bans bitcoin permanently.
The best scenario for bitcoin is that it reach above 20k for a month then everybody will become rich in an instant. The worst case scenario is that bitcoin if it die, bitcoin will have no value, no more circulating supply anymore.
But coin will not die or disappear or ban until the internet is there in the world and yes sometimes it might be a worst Nightmare what if bitcoin is banned in our particular country if that's the case we need to operate it using proxy.
The best scenario for bitcoin is that it reach above 20k for a month then everybody will become rich in an instant. The worst case scenario is that bitcoin if it die, bitcoin will have no value, no more circulating supply anymore.
Your ideas are good to talk about but I don't believe Bitcoin can be controlled by any form of government anytime soon. Bitcoin will always be independent and I believe in it's future in the society and in the economic world soon. That is why it is good that we should invest as early as now so that we can have more profit soon. Bitcoin is life.
In General, I agree with you, but let me add something from myself. The cue ball can't be controlled by anyone now, and it can't be controlled later.
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
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
The worst case scenario is that bitcoin disappears and nothing replaces it, an scenario in which the powerful take control of bitcoin could happen but what it is stopping us to adopt another cryptocurrency and make it the new bitcoin? Even if the project launched by satoshi is not the one that becomes successful at the end if a cryptocurrency is the one to to becomes a safeguard against governments tyranny then the vision of satoshi will be fulfilled. 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
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
Bitcoin can not be managed by the government or any other agency, but the bitcoin can be manipulated by a party, so I am afraid that there will be a party who wants to play bitcoin by means of manipulation, if that happens, then it can destroy the economy of many people.
I agree with that but they can do that I mean they have the power to do that d I guess this is will be the worst thing that might happened with Bitcoin is that sooner it might be regulated by the governments and the nature of this community will be modified with regards to thing that they want to do and the best thing that might be is that the ptice of Bitcoin is very expensive and so much opportunity to give to people.
To be honest, this market is a bit too complex for the government to control. The worst it can do is, ban it. And the market's future does look very good indeed given it's popularity is increasing day by day.
By the way of things Bitcoin walks to be treated like a commoditie, can be used as means of payment, but by its scarcity its great asset will be the reserve of global value. Your proposal fits very well for this purpose.
There seems to be no possibility that BTC will be taken under the government. Also, the future of bitcoins is bright. This coin still has the number one ranking in the market, despite the terrible times it faced in the market recently.
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
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
Worst of the worst is that when the government creates its own crypto currency and dominates the usage which will be legalized and implemented legally then bitcoin will be just an ordinary crypto with diminishing value and usage.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
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
Best scenario is the opposite it will the highest value that is attained by bitcoin and be regarded as the most popular crypto currency in the history which is widely accepted as payment in any type of transaction at any big or small shops all over the world.
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