What is the Worst Case Scenario for Bitcoin? - page 7.

Bitcoinislife09

full member

Activity: 1028

Merit: 144

Diamond Hands 💎HODL

Quote from: pakhitheboss on August 03, 2018, 10:44:07 AM

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?

I don't think it can be consider the worst. I believe the worst case scenario is the total shut down of bitcoin. I think as long as there are people who support and uses bitcoin, prices may vary and continue to fluctuate. If bitcoin does not atleast develop and advance the system, it may result for its downfall. Some problems might also include bitcoin's might stop spreading and be acknowledge worlwide. I guess things might fall sometimes but it will rise again. Lol

Al Wahhaab

newbie

Activity: 76

Merit: 0

Quote from: KingScorpio on August 03, 2018, 10:52:55 AM

Quote from: pakhitheboss on August 03, 2018, 10:44:07 AM

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.

yes I really agree with this

Getmon

sr. member

Activity: 1400

Merit: 273

Quote from: pakhitheboss on August 03, 2018, 10:44:07 AM

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?

The worst case will be much more tragic than that. The worst case scenario is when the entire Bitcoin market will crash down and there will be no more recovery to look forward to. But why would you be thinking of the worst case scenario? The worst case scenario will not happen in the next hundred years so I would not be thinking about it. I would rather look for the perfect buying price for my next trade.

bitcub

sr. member

Activity: 952

Merit: 250

I dont think there will be a worst case scenario for Bitcoin. Just take a look the number of marketcap of BTC compare 4yrs ago. We have a healthy price movement for Bitcoin so relax. Everything is just a consolidation.

freebutcaged

hero member

Activity: 588

Merit: 541

Worst case scenario is in progress ever since they forked Bitcoin and called their alt coin Bitcoin cash, that's one of the scenarios

Though, another worst case scenario would be like they start buying and buying to pump the price up and then move their money

Into Bitcoin cash to say that Bitcoin wasn't good enough, now we've decided that Bitcoin cash is better, they have done this already.
Some stupid people believed that BCH is good, they have invested their money but they were fooled by shills. another worst case

Scenario would be for some government to buy every single Bitcoin available for sale on the market just to centralize the market.

They have done this as well. some of the other worst case scenarios is the fact that no one can buy Bitcoin anonymously, they can

Just mine it without giving out their identity.

nibbknot

member

Activity: 139

Merit: 10

The Future Of Work

Quote from: EmmyWork on August 06, 2018, 01:32:23 AM

The worst scenario of BTC might be not considering it as the decentralized money system. If BTC is being centralized by any means, people will lose faith and interest which they have for now. BTC is the king of crypto space, losing this crown would be the worst of the worst BTC had ever experienced.

Well, im not believe in that. The worst scenario of BTC is what is happenning right now. It is experiencing downfall and it is not good for holders.

EmmyWork

newbie

Activity: 46

Merit: 0

The worst scenario of BTC might be not considering it as the decentralized money system. If BTC is being centralized by any means, people will lose faith and interest which they have for now. BTC is the king of crypto space, losing this crown would be the worst of the worst BTC had ever experienced.

Eros1on

member

Activity: 258

Merit: 10

BTC prices fell to $2000, the likelihood is the worst situation, should be now in the waves of the principle of wave B, if continue to fall, the possibility of a $2000 still has a lot of, so temporarily or judge BTC prices will continue to fall, if continue to fall, $2000 should be a good purchase price, so you just need to slowly waiting for

sandaljepit44

member

Activity: 294

Merit: 10

I can't imagine if that happens, if bitcoin falls 100 $ bitcoin holders will panic and will sell it. all altcoins will fall, and many investors will withdraw their capital from the market exchange.

tokilaka

newbie

Activity: 30

Merit: 0

Worst of all, Bitcoin can not keep up with 2017, Bitcoin is not just keeping its market price down but also if more people are involved in using it.

redhorsebeer1980

newbie

Activity: 168

Merit: 0

Quote from: Asusnumbaone on August 03, 2018, 11:46:53 AM

A lot of people thinks the system of the bitcoin is a scam that's why they afraid to invest in the bitcoin and other companies afraid to adapt the system of the bitcoin. Sometime the people is a scammer not the bitcoin they use it to scam others and to earn money in the wrong way.

I agree.Bitcoin is not a scam but it's the people who are doing scam activity for them to earn money in illegal way.Inveators should be vigilant now a days.The worst case scenario ob Bitcoin is when the price will dropped into $1000.

Meysa_richa

member

Activity: 458

Merit: 10

it's true that bitcoin is a scenario, and with that price scenario or price bubble many people experience profits and losses in trading, and if bitcoin goes down to $ 1,000, it's the worst scenario.

chaoscoinz

sr. member

Activity: 1150

Merit: 260

☆Gaget-Pack☆

Quote from: pakhitheboss on August 03, 2018, 10:44:07 AM

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?

The worst case scenario for Bitcoin? That's a really tough answer to give, as there are several determining factors that could easily spell the end for any crypto currencies. Here are a few that I can think of off of the top of my head.

1. Regulation: To many regulations can really hinder the blockchains innovation, severely crippling progress for growth, both economically and socially.
2. Tax: The governments can easily kill crypto simply by taxing it to death. No one would bother with using a useless medium as an investment vehicle.
3. Adoption: Bitcoin and other cryptos simply take a back seat, as a new medium that's backed by a central authority, one that the common man will trust. Unless crypto becomes easier to use, people will use something else, following the path of least resistance (mediums with simpler interfaces).

jakelyson

legendary

Activity: 2240

Merit: 1069

The worst case scenario is when miners lose interest in mining bitcoin and we become vulnerable to 51% attack. Even if the price is high if there is no miners to protect the integrity of the blockchain, our bitcoins will be useless. Price is just a reflection of how great the blockchain technology is. Even if the price falls but the technology is intact, it can recover.

drmilind2004

member

Activity: 280

Merit: 28

Worst case scenario for Bitcoin:

51 percent attack given that Bitmain holds the main mining consortiums.

An improbable scenario, more sci-fi, would be quantum cryptographic cracking of the Bitcoin system. But, would that, for instance, 'kidnap' Satoshi's first million coins, and transfer them indistinguishably to hidden wallets?!

In terms of the importance of continued mining for the vitality of the blockchain, Governments imposing a "Carbon Tax" on "environmentally polluting" mining activity; or totally banning mining like they banned ChloroFluoroCarbons (CFCs) because they caused the Ozone Hole that caused increases in skin cancer across the world. Some such excuse is readily available today, what with rampant climate change, and the like.

Worst case scenario for hodlers of Bitcoin:

Government levies tax on the mere possession of Bitcoin, and uses peak end-2017 20k valuation as the basis for taxation, regardless of when the holding actually took place.

But wait, the worst is yet to come! How about that tax being a penal three hundred percent?!!

aqrulesms

sr. member

Activity: 373

Merit: 250

Quote from: pakhitheboss on August 03, 2018, 10:44:07 AM

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?

Probably one of the worst decisions would be to ban cryptocurrency worldwidely, or if people would just lose all the interest for it and the price will be coming to 0. I think both of those options are possible.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: pakhitheboss on August 03, 2018, 10:44:07 AM

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?

Well though it would be disastrous for btc to go that low at this point in time, btc may still recover after that so that's probably not the worst that can happen. A lot of things can actually be a lot worse. Like hackers finding ways somehow to get into wallets and compromising them. Or governments entirely banning all crypto. Unlikely to happen but difinitely would make this market crash.

Sydney Chapman

newbie

Activity: 26

Merit: 0

When will you guys get the message? Banks don't want anything to do with Bitcoin or other cryptocurrencies. Have you noticed that almost all of them are blocking crypto transactions via credit card? That's not adoption - it's the exact opposite of adoption.

KimmyF

sr. member

Activity: 978

Merit: 250

Well, the worst case scenario that might happen in the community of the Bitcoin is not just the keep of its downfall in the market price but also if no more people will engage in using this crypto currency. But I do not think that this will happen because Bitcoin all over other crypto currencies is the King of all that affects other crypto currencies too.

seniorita

newbie

Activity: 63

Merit: 0

Quote from: pakhitheboss on August 03, 2018, 10:44:07 AM

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?

At least if Bitcoin prices dropped until $1000 Bitcoins will still alive and can raise agaian
Obviously worst scenario for Bitcoin is no one use this crypto currency again.

Topic: What is the Worst Case Scenario for Bitcoin? - page 7. (Read 991 times)