Topic: What is the Worst Case Scenario for Bitcoin? - page 5. (Read 930 times)
What's happening at present can also be termed to be the worst case scenario with bitcoin. The bearish trend hasn't got over yet, professional traders predict this hasn't reached the low bottom looking upon the recent downtrend in the entire market volume. A sudden increase and drastic following the pump in an unpredictable manner is good, but right now it looks worse.
In worst case scenario, centralization will eat up BTC and crypto world, with various implemented regulations.
and companies like Western Union and banks will have access to every type of info, therefore our beloved security evaporates.
Kinda a crypto nightmare..
and companies like Western Union and banks will have access to every type of info, therefore our beloved security evaporates.
Kinda a crypto nightmare..
When system goes shut down. This is the worst case scenario that will happen for bitcoin as we all know that bitcoin has created a lot of business like those local exchanges, crypto mining, computer programming or being a part of IT team developers, bounty hunting and etc. This all will end when bitcoin will shut down.
What do you mean by system goes down,there is no way to shutdown the blockchain network maybe it can done by shut down internet world wide which is also impossible.So you no need to worry about that the bitcoin will continue to work as always until we have miners and internet.
When system goes shut down. This is the worst case scenario that will happen for bitcoin as we all know that bitcoin has created a lot of business like those local exchanges, crypto mining, computer programming or being a part of IT team developers, bounty hunting and etc. This all will end when bitcoin will shut down.
This is a known fact if the price goes up it will surely go down. What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
it would be if the people worldwide will start considering bitcoin not as money but as scam and joke.
Agreed sir! Imagine people will see bitcoin as a scam and people will start to unpatronize btc. And your foresight that btc will go down to $1000 will happen
Falling of price will never be the worst case scenario I guess only if it’s not zero. The worst case will be when all the people think it as a scam.
I don’t think it as the worst case scenario. Worst case will be then when BTC is completely dead.
Price doesn’t matter. I think the worst case will be the mass outflow of miners. But falling price is a bad thing.
Advancement of new technology can be a worst scenario for bitcoin. It could possibly happen as there are already altcoins which provides user lower transaction costs and they are faster to with some other advantages.
Least chance BTC will hit $1000, due to its deflating properties it should not happen any soon. I assume if US government tries to take control over BTC that would be the worst case scenario, and I am more afraid about this.
As my opinion what will be the biggest killer and worst situation for bitcoin would be the restrictions of government. Government needs tax foe everything and how bitcoin can tax govt. by being anonymous.
This is really an interesting question indeed. The release of new technologies and decreasing of market price in a large amount these two can be most worst scenarios for bitcoin and it’s growth as well i think.
The price of bitcoin is unlikely to fall to $1000 in 2018, and the current mining calculation continues to increase, and I think the big mine trade union entered the market to buy bitcoin at the time of $5000.
The worst case will be when the bankers own all the Bitcoin, and they just trade it between themselves.
The best fact of bitcoin is, it is a decentralized currency. So if it become centralized then i think it will be the worst thing for bitcoin. As it won't be considered as cryptocurrency then.
There could be several scenarios. I think it will be worst when bitcoin will be declared illegal in all over the world and abandoned by majority of people.
This is a known fact if the price goes up it will surely go down. What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
For me, worst case scenario for Bitcoin is that rapid downfall of its price. If its rapid downfall will take too long it will be alarming for Bitcoin buyers and sellers. Also it would be worst case scenario if there would be no one to invest on Bitcoin. I mean it will be that bad that they will stop investing just because of its price downfall.
This is a known fact if the price goes up it will surely go down. What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
Indeed, what comes up will eventually come down. It's the impact here that we wanted to stress out. You see, though therotically, bitcon was to wage ware against current cash systems, it somehow ended up bidding up against the stock market.
Trying to prove its worth and showcasing its' valuable strength. Yet, through out the lifespan of any economy that we came to see, Bitcoin is of a different blood. Another means to showcase intelligence.
So i think, though the bearish months have been here, all of us can still look mildly relaxed at the incoming future of altcoins.
I think worst scenario is flat for 4-5 years
or attack51% 
I don't think it will reach that super low price, I guess it will low a lil bit but will not dump like that, I hear so many articles that bitcoin will soon rice again and reach its peak price before this year end.
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