Bitcoin Forum

Alright , straight to the subject that everyone is talking about "the price inrease" .
Do you think there will be side effects because of this huge price increase ? what's the worst case scenario that could happen just after this price increase period finish ?

May be excessive drugs abuse ?

Worse case scenario, the internet shuts down and everything is lost and everyone will have to revert to using cold hard cash which nobody has as we all put it into bitcoin.

I'm not speaking about worst case scenario that could happen and screw bitcoin up , I'm speaking about worst case scenario that could happen just after this price increase , if your answer stays the same then .. that's unlikely to happen

Block cloggage. The real type, not the spammy type. Lots of recent blocks have been full and people are reporting several hour waits for confirmations. That's really only an issue during the white heat of a proper surge at present but it does highlight it once more.

Also more money, more risk, more newbies, more panic. This cycle will continue until it's in shreds or ubiquitous.

Most people lurve the idea of short term gain and don't have the gumption for longer term vision. It could easily be dumped into oblivion again by a fresh crop of participants. If they've done a little bit of homework they'll look at the lengthy lull and be itching to be out before that happens again.

Side effects? You see that dump going on right now? That's one...

Also the network already starts to stagnate. I've been waiting for 4 hours on one of my transactions now. As I've been warning before. Bitcoin is not ready for more adoption.

This will only scare people away from bitcoin because pumping it like this when it's not ready will only cause disaster in both the network and people's finances.

Too much partying with blow & hookers. Overdose is the worst case scenario.
Other than that there's no side effect for price increase.