Topic: What is the Worst Case Scenario for Bitcoin? - page 9. (Read 991 times)
Yes, $1k would cause blood on the streets but I wouldn't panic if Bitcoin reaches that price level, as Bitcoin is volatile by nature and it is expected that Bitcoin will bottom at $3k price range, so I wouldn't call $1k too faraway from it. Actually I'm looking forward to it as it would give me the opportunity to buy Bitcoin at such a low price.
This is a known fact if the price goes up it will surely go down. What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
If this happen many people being hospitalized because of frustration of their loose in their investment and they will sell immediately their holdings this what we called the panic seller the weak hands that can't hold their coin no matter what happen in their holdings and it will be the worst scenario in the history.
Its outlawed and worldwide recognized as illegal = it will be worth zero$
The price of a Bitcoin has little to do with how we use its underlying technology called blockchain. https://charts.bitcoin.com/ - We can see from these charts that the price of bitcoin has been very volatile. Even if the price of bitcoin goes to zero, the technology that powers it won't be affected. The worst case scenario for it would be if someone found a way to control 51% of its blockchain as that would result in them controlling all the aspects of the blockchain and make any changes that they wished to the incorruptible ledgers.
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?
This is probably the worst scenario. Because of the large percentage of its price will be dropped. Thus, it can be recorded in the history of bitcoin and this might cause to lose interest other investors to invest more in bitcoin again because clearly it is controlled by the whales called crypto currency market. And of course it does not happen because it will have a huge impact on the market. 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?
If bitcoin drops $ 1000, many people feel disappointed and get out of bitcoin because they will think bitcoin is dead, so they will sell in panic.
At 1000$, miner rewards will go up because a lot if people will shut down their machines when the profits drop off, hopefully bringing down network difficulty.
A lot if people will begin to fill bags driving price up again for a while.
The network itself will just see transactions containing full btc, not tenths or hundredths. The community itself will shrink.
I don't see this as likely but there will be fluctuations in pricing for the entire existence if BTC and the network and community will adapt.
A lot if people will begin to fill bags driving price up again for a while.
The network itself will just see transactions containing full btc, not tenths or hundredths. The community itself will shrink.
I don't see this as likely but there will be fluctuations in pricing for the entire existence if BTC and the network and community will adapt.
If we consider the price, the worst case is that price decreases to zero. But I don't care only about the price. In my opinion the worst case is becoming centralized and controlled by the governments.
( I don't think it's easy for the governments, But it's the worst case.)
( I don't think it's easy for the governments, But it's the worst case.)
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.
A sort of worst case scenario(or at least a bad scenario) for bitcoin would be something like a 51% attack. Bitcoin doesn't care about price. People will be able to use bitcoin as long as we have miners even if one whole bitcoin goes down to $1 in price.
Though a low price would be really really bad PR-wise.
Though a low price would be really really bad PR-wise.
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?
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