Topic: Best and Worst Case Scenario for Bitcoin - page 5. (Read 1192 times)
The problem is, no-one can control Bitcoin, maybe they can buy/mine a huge amount of Bitcoin - but they cant control it.
I go more on the second option.
is more likely to happen
about this option " Worst case scenario: ":
What do you mean? Do you mean governments took control of bitcoin?
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
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
is more likely to happen
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
about this option " Worst case scenario: ":
It is overtaken by govt cartels
What do you mean? Do you mean governments took control of bitcoin?
Your analysis is correct but allow me to add a small comment on this issue. Bitcoin is simply created to change the user's habit of bringing a new technology to life. But many organizations use Bitcoin as a means of money laundering, drug trafficking does not do well. I hope Bitcoin will be managed by an organization.
Bitcoin will not be managed by any organization. Because of its simplicity, the nature of Bitcoin is anonymous. The ruling party just wants to make money and they do not want to lose their food
Your analysis is correct but allow me to add a small comment on this issue. Bitcoin is simply created to change the user's habit of bringing a new technology to life. But many organizations use Bitcoin as a means of money laundering, drug trafficking does not do well. I hope Bitcoin will be managed by an organization.
In my opinion, see three basic scenarios:
1.Bitcoin triumph: Bitcoin replaces fiat currencies as the main unit of exchange. People buy pizzas, finance their mortgages and pay their rent in bitcoin.
2.Bitcoin as gold: Fiat currency remains the main unit of exchange everywhere except in a few extremely dysfunctional economies like Venezuela’s. But 2.bitcoin’s market capitalization remains substantial, and it rises in value over time, occasionally experiencing large bubbles and crashes.
Bitcoin bust: Bitcoin is abandoned, crashing relative to the dollar and never being used as a payment method for daily necessities.
1.Bitcoin triumph: Bitcoin replaces fiat currencies as the main unit of exchange. People buy pizzas, finance their mortgages and pay their rent in bitcoin.
2.Bitcoin as gold: Fiat currency remains the main unit of exchange everywhere except in a few extremely dysfunctional economies like Venezuela’s. But 2.bitcoin’s market capitalization remains substantial, and it rises in value over time, occasionally experiencing large bubbles and crashes.
Bitcoin bust: Bitcoin is abandoned, crashing relative to the dollar and never being used as a payment method for daily necessities.
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.
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
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
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