Topic: What is the Worst Case Scenario for Bitcoin? - page 6. (Read 991 times)

If you are talking about worst case scenario regarding the price movement, of course it will be bloody to see the price falls to $1000.  But I'm sure that everyone will be happy to see bitcoin at that price, time to go bag holders again, accumulate bitcoin and hold. It will be history repeating itself again and now we become the new wave of early adopters. So technically, its possible, but I don't think that we can't bounce and see the price increased at a rapid phase once bitcoin plummeted to <$1000, IMHO.

I am not sure about this scenario because if it is happen then many investors will suffer a lot also whole market will be suffer based on this but I don’t think it will happen I think this price will increase.

The price of the BTC fell to $4,000, probably the worst case scenario, and if the market had fallen below $4,000, the encryption market would have entered a real bear market.

I think worst scenario is flat for 4-5 years

In my opinion, the worst case scenario for bitcoin is that people loose faith in bitcoin and find something better, some new crypto leader.
In such case, most of btc user will loose a lot and will never recover financially.
Realistically, most of us here are because of profit, not idea so if bitcoin lost leadership position in the crypto, we all loose.

Every people have their own fear.
But if you ask me, I'm worried about bitcoin value but I'm pretty sure most people also afraid the same.
As we know bitcoin value still unpredictable until now but bitcoin also make you gain massive profit so the risk is worth to bear !

Yes I agree with you also. Its become worst case if that $1000 drop really happen. And mostly the investors is know about the price of bitcoin , But instead it will keep on moving forward, Because when the price reach the point of $1000 USD people will be pissed and would sure stop on supporting bitcoin, But in reality this kind of value right now is only be possible when bitcoin really is dying.

The worst case scenario is not about the price of Bitcoin anymore, if people start to see it as a currency which is easily hackable and scammable then it should be called the worst case scenario. People losing trust on Bitcoin will eventuall make its price go down which can anywhere in the region of 1$-2000$.

Till now I did not find out any worst case of bit coin. For me it’s very lucrative. I invest lot of money on bitcoin and I got huge amount of money back. I gtrust on it.

How can you know that there's a risk with someone having 51% of the network control but not know about 51% attack? Read about it by clicking the link. I really wouldn't worry about it that much since it will require a lot of money to do the 51% attack and it will just ruin bitcoin's name. Hence, the price will go down and whatever bitcoin the attacker can accumulate from the attack will not be worth the amount of money that he needed to do the attack. Know that the attack is totally possible, but who will be crazy enough to spend money just to ruin something? The government, perhaps, but it will require tremendous resources which could have been used for other things.

The government using this attack to ruin bitcoin which belongs to the people can be a sign that the government and the people have separated and are in war with each other.

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That's wrong because a price decrease so major has already happened.

Study the chart. Bitcoin went up to $1200 then went down to $600 really quickly, increased, then went down to $400, increased again, then the price went down to $200. Today, the price of $1200 of bitcoin is already a nightmare for all of us. Was it "never be the same"? Even to the people that have bought in $1200, today is still a good price. With the mentality that you have, I'd say that you're not a true bitcoin believer. Price can go low but know that mass adoption has to happen before the price can be stable, before we can actually say that a major price decrease means that bitcoin is dead and that people have already left it. At this point, even with a major price decrease, we will be able to recover because a lot of people hasn't joined the game yet unlike when mass adoption has already happened and most of our money is already in bitcoins.

Just create patience, It's price will go up, after December 2018.

I think it's normal, not included in the worst case scenario. In terms of markets, the ups and downs of values and prices, including in terms of bitcoin itself. It could be that after experiencing a decline, the next day the price soared to 10,000 dollars. that is very possible.

I have a question, if one of the mining pool reaches 51% of the mining rate. What capability can they do from this?

Yes that would be the worse scenario to happen for bitcoin and more or less investors that time are already pulling out their investment and then bitcoin will be left as half dead if it will still operate and if it will going to recover again it will not be the same as to what bitcoin nowadays that is so good and has a lot of good things to offer.

a friend of mine said not to be afraid in the face of the decline in the price of bitcoin, because according to him this is a four-year cycle where when the figure goes down considerably it will return to the moon.

I think the worst case scenario will be when bitcoin will be at 0$. I mean it will be like the death of bitcoin. Though i hope it won't going to happen.

Even before to price $1000, was $5000 some people will got theirself on bad day because there are too much that entered bitcoin in the high price more than $6000. But the most bad thing that need to be paid attention in a country.

I think bitcoin death can occur if bitcoin has no value anymore, no one is interested in bitcoin, if bitcoin still has value, bitcoin cannot be called dead

Worst case would bet it totally get shut down. Not very realistic but if that was the case it would really be the worst case scenario!

all central markets cannot do much with very strict regulations from the government, if this scenario occurs and people can only trade in non-centralized markets, it will make prices fall very hard.

the fact is that every government starts to be actively involved in policies in the crypto central market in their country, there will be no worst case scenario if the potential for development with the interest of very high traders from around the world continues.