Worst case (plausible) scenario thread - page 2.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: Chuckee on September 10, 2014, 10:48:11 AM

Drop your false hope! The bitcoin bubble is over and there is no mainstream interest in bitcoin because of MtGox, many scam IPO, high profile hack and value drop 60% since start of 2014. Bitcoin will go nowhere but down from here. You have been warned!

Best case scenario, bulls here fool too many newcomers and price holds at $450 for a few more weeks before final capitulation!

You remind me of someone...

Chuckee

member

Activity: 70

Merit: 10

Drop your false hope! The bitcoin bubble is over and there is no mainstream interest in bitcoin because of MtGox, many scam IPO, high profile hack and value drop 60% since start of 2014. Bitcoin will go nowhere but down from here. You have been warned!

Best case scenario, bulls here fool too many newcomers and price holds at $450 for a few more weeks before final capitulation!

DieJohnny

legendary

Activity: 1639

Merit: 1006

Please post your worst case plausible scenario for Bitcoin price and why. No alien invasions please.

My worst case scenario:

12 months to next bubble.

Last two bubbles pushed bitcoin so far above the real world transaction volume that we are in a downward trend for another year until txns catch up and force bitcoin higher.

Here is the #1 reason we are stuck:

https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

It is pretty simple really, when enough people are buying bitcoin for their own purposes to offset the people selling them, then we go up. If it is the other way then we go down. Investments can never grow forever on speculation alone.

Topic: Worst case (plausible) scenario thread - page 2. (Read 2087 times)