Bitcoin Forum

Guys yesterday had a conversation with a friend and we found ourselves discussing this issue: What is the best and worst case scenario for Bitcoin?
From the conversation it emerged (this is not from using bitcoin as investment vehicle) purely by assuming we understood the objectives of Satoshi lol! would be:
Worst case scenario: It is overtaken by govt cartels and it becomes another type of gold just a store of value with huge transaction fees, also it finds a stable price which does not augur well with "investors" and thus the perceived bitcoin bubble maybe a price of $3000 maybe not a pessimistic though  ;D
Best case scenario: Bitcoin lives to serve its purpose of being the internet currency with global adoption of-course "rekting" government and other central capitalistic entities. In a nutshell promoting financial inclusion worldwide.
Those are just thoughts of guys who were having a beer and maybe we thought too much but anyways members can contribute hoping to be roasted as well for my bitcoin newbie thoughts ;D

Bitcoin can not be managed by the government or any other agency, but the bitcoin can be manipulated by a party, so I am afraid that there will be a party who wants to play bitcoin by means of manipulation, if that happens, then it can destroy the economy of many people.

In my opinion, see three basic scenarios:
1.Bitcoin triumph: Bitcoin replaces fiat currencies as the main unit of exchange. People buy pizzas, finance their mortgages and pay their rent in bitcoin.
2.Bitcoin as gold: Fiat currency remains the main unit of exchange everywhere except in a few extremely dysfunctional economies like Venezuela’s. But 2.bitcoin’s market capitalization remains substantial, and it rises in value over time, occasionally experiencing large bubbles and crashes.
Bitcoin bust: Bitcoin is abandoned, crashing relative to the dollar and never being used as a payment method for daily necessities.

Your analysis is correct but allow me to add a small comment on this issue. Bitcoin is simply created to change the user's habit of bringing a new technology to life. But many organizations use Bitcoin as a means of money laundering, drug trafficking does not do well. I hope Bitcoin will be managed by an organization.

Bitcoin will not be managed by any organization. Because of its simplicity, the nature of Bitcoin is anonymous. The ruling party just wants to make money and they do not want to lose their food

I go more on the second option.


is more likely to happen


about this option " Worst case scenario: ":


What do you mean? Do you mean governments took control of bitcoin?

The problem is, no-one can control Bitcoin, maybe they can buy/mine a huge amount of Bitcoin - but they cant control it.

if this happens then bitcoin will simply die. bitcoin exists and is strong because it is decentralized and it is a currency. otherwise a "store of value" or a "investment" is meaningless on their own and can not keep something like bitcoin alive.
remember we are not talking about some closed source thing that nobody knows how to work. bitcoin is completely open source and the technology is out there. if bitcoin were to become centralized everyone would simply move to another decentralized new system.

i'd like to think the best case scenario doesn't involve "rekting" anything. bitcoin can still exist and be strong and even be worth $1 million+ and not replace or ... anything else. it can exist as an additional option for those who want the benefit of a decentralized currency, or for those countries with corrupted government.

it would be the best scenario for the bitcoin in the market when you are lucky that in your time of investing the price of bitciin is low. and after few months the bitcoin is bull run like happened last year. it is the best of all situation in the market. yet, at the same side the worst case is when you invest in high price, the price of the bitcoin is going down. vice versa.

I'm agree with you with your conclusion about the worst case and the best case with your bitcoin, the worst thing for me is when the bitcoin is not accepted in all country and should block in all country in the world, and the best scenario is when the bitcoin is used for all people in the world that makes government automatically makes a bitcoin legal

Experts say that Bitcoin and other currencies are not monetary, yet have the significant impact on the global economy and are completely manageable.

Thank you for your input guys and time. Let's wait and see how it spurns but for sure bitcoin a'int dying at all. By "rekting govt" I meant it disrupting governments and taking away the monetary power from the govt to the people through decentralized system involved in Bitcoin. One thing for sure it is going to be interesting as more people agree to use Bitcoin

Yeah and that's what might take it to the next level, as more people agree to use it and are sick and tired of getting ripped off by their lying governments, it might breakthrough to the mainstream. The problem is that too many people still get their information from government controlled news sources, so they don't have their own conclusions about bitcoin.

If the government did win, I don't think it'd be through bitcoin itself. It'd be through implementing their own alternative to it and shifting people over to that by violent price manipulations of bitcoin. Once enough people have lost out to hacks, crashes and busts, they might change their minds.

I think youth always have the ability to adopt  new technology and crypto is a new currency in the world. If youth’s of many country adopt this currency that effectively bright the cryptocurrency.

Bitcoin is a new technology of currency it’s not handle by government but sometimes it’s manipulate by some party. And I hope this kind of issue will be developed by BTC ETF gradually.

No one can control bitcoin event not government also. Peoples are transaction their coin but they don't know who is his transaction partner. Investors only aim to earn money from this sector.

I do not think the worst case scenario for bitcoin is government taking over bitcoin, that wont be so much evil nor is it possible, the worst case scenario is actaully finding vulnerability in the bitcoin code, that is easily exploited, e.g making several copies

Control is not something you can actually do with bitcoin, it will mean you have to shutdown the internet, that is why i believe the worst case scenario for bitcoin is if anyone can maliciously exploit the bitcoin protocol

I prefer this scenario, and I hope it might happen, but there are some doubts and lots of questions.
One of the most important questions is where did 17 million Bitcoin go? Who controls it? How the government will allow individuals to produce their currencies.
I do not expect any government to have a reserve of Bitcoin, so it will always be out of control. expect the contracts and platforms of bitcoin trading to be accepted more fancifully than the real acceptance of Bitcoin, where governments can break the 21 million coins indirectly

We are not quite sure what may be the possible and impossible scenario for bitcoin. We are all aware that it is more of an unpredictable series pf scenario which is sometimes not being repeated. Therefore, with regard to this, a lot of manipulation to hold and control bitcoin are being imposed to allow bitcoin controlling or even governed. This, for me, could possibly be the worst scenario the bitcoin economy could manage to encounter so far.

For me the best and worst scenario for bitcoin is that the price of it. It is best when the price of it increase to its high price and worst when the price of it drops to 0. You need to wait for a long time so that the worst scenario will be best.

Your conclusion about the worst case and the best case with your bitcoin, the worst thing for me is when bitcoin is not accepted in all countries and must be blocked in all countries of the world, and the best scenario is when bitcoin is used for everyone in the world that makes government automatically making bitcoin legal if it happens, it can destroy the economy of many people.

The second one i think is more likely to happen, Worldwide adoption is now fast approaching, more and more countires and internaional companies are now adopting bitcoin.

I also agree with you that about bitcoin status up to today many countries try to ban bitcoin while others receive bitcoin what is no solution for countries that do not accept bitcoin? while bitcoin users are almost comprehensive in all countries, please solve it?

This is pure fantasy on my behalf but here are my + and - scenarios:

Worst case: that there is a 51% type takeover and iit vecomes controlled by a central group

Best case: after many years of governments trying to ban bitcoin and high profile people trying
to drive the value down, all efforts are abandoned after realising how futile it was. Bitcoin adoption
soars with new users and traders for buying and selling goods and services. New earning opportunities
are created for bitcoin and other crypto.

Worst of the worst is that when the government creates its own crypto currency and dominates the usage which will be legalized and implemented legally then bitcoin will be just an ordinary crypto with diminishing value and usage.
Best scenario is the opposite it will  the highest value that is attained by bitcoin and be regarded as the most popular crypto currency in the history which is widely accepted as payment in any type of transaction at any big or small shops all over the world.

There seems to be no possibility that BTC will be taken under the government. Also, the future of bitcoins is bright. This coin still has the number one ranking in the market, despite the terrible times it faced in the market recently.

By the way of things Bitcoin walks to be treated like a commoditie, can be used as means of payment, but by its scarcity its great asset will be the reserve of global value. Your proposal fits very well for this purpose.

To be honest, this market is a bit too complex for the government to control. The worst it can do is, ban it. And the market's future does look very good indeed given it's popularity is increasing day by day.

I agree with that but they can do that I mean they have the power to do that d I guess this is will be the worst thing that might happened with Bitcoin is that sooner it might be regulated by the governments and the nature of this community will be modified with regards to thing that they want to do and the best thing that might be is that the ptice of Bitcoin is very expensive and so much opportunity to give to people.

The worst case scenario is that bitcoin disappears and nothing replaces it, an scenario in which the powerful take control of bitcoin could happen but what it is stopping us to adopt another cryptocurrency and make it the new bitcoin? Even if the project launched by satoshi is not the one that becomes successful at the end if a cryptocurrency is the one to to becomes a safeguard against governments tyranny then the vision of satoshi will be fulfilled.

In General, I agree with you, but let me add something from myself. The cue ball can't be controlled by anyone now, and it can't be controlled later.

Your ideas are good to talk about but I don't believe Bitcoin can be controlled by any form of government anytime soon. Bitcoin will always be independent and I believe in it's future in the society and in the economic world soon. That is why it is good that we should invest as early as now so that we can have more profit soon. Bitcoin is life.

The best scenario for bitcoin is that it reach above 20k for a month then everybody will become rich in an instant. The worst case scenario is that bitcoin if it die, bitcoin will have no value, no more circulating supply anymore.

But coin will not die or disappear or ban until the internet is there in the world and yes sometimes it might be a worst Nightmare what if bitcoin is banned in our particular country if that's the case we need to operate it using proxy.

Worst case scenario is when government bans bitcoin permanently.

There is no Worst Case Scenario for bitcoin. Again, why fear governments?  Please stop the paranoia. Best Case Scenario is bitcoin going mainstream. But we already know that.  ;)

So the conclusion is all in goverment hands. If they choose to allow it then btc will rise and if they deny then btc will fall. Currently btc is in grey area. The key factor is people to push goverment to fully-legalized crypto and support it.

We all have these positive feelings about Bitcoin and his future. With some variation it looks like mass adoption of upcoming years and  Value of $50000. Would be necessary to achieve previous point . But imagine none of this would happen. What could the reason ? i think major reason will government restrictions regarding acceptance.

My worst scenario for bitcoins is sending a huge amount of transaction to a wallet which is not the intended recipient. And the best scenario is the ability to used bitcoins send money without the assistance from a banking or financial institution.

That is right, that is why we should just not let this opportunity passed out if our life that is why we just need to stay positive with what we are doing, we don't know how much value bitcoin would have in the future so if given the chance just hodl all the bitcoin you have or buy as much as you want.

It's still only 1 government. This is certainly not the worst that can happen as governments never work together for a common cause, unless it's like a nazi invasion :D
The worst thing that can happen is if the security gets defeated, someone finds a way to infect the blockchain with a virus or breaks the encryption. Remember that external bans mean nothing as long as the fundamentals are in place. If your country bans it you aren't left with nothing. You can always go to another country and trade it there.

Your input guys all of you has been amazing I totally agree no govt can control bitcoin. Lets keep watch and see what will happen delighted to be in this revolutionary space.

That is nothing, governments are going to do that at some point but when they do that it is likely the economy of the world will be crumbling and their power with it, besides while many people obey the law and would like to do so, if the choices are to eat or to follow the law 100% of the persons will choose the option that allows them to eat and be healthy and live for another day than the option that only looks for the self interests of the governments of the world.

Best scenario of bitcoin is last year December and I was earning around 2k USD and more per month but nowadays bitcoin does not seems like that good bro. I advice you to give more support on your investment side.
Then please do not believe any fake news have been sharing on the forum or elsewhere.

Please tell me if you also consider these Fast and key "last-minute" information news to be false? prove !
--> https://bitcointalk.org/index.php?topic=4451265

I believe this is just you thought and at that there is just little to what I will say, bitcoin can never be a bubble and at that there will never be a cinerio that will make that happened. And again bitcoin as a highly decentralized assets can never be control or subjected to such treatment from government.

Well it does not really the only worst case and best case scenario. But as you have stated, when in terms of government control, they can not do it, but it may have a conspiracy in group of rich people. Capitalist are always doing what they can do in order for them to stay on top and that is the problem of today. On the other side, bitcoin will be more great than the current currency of today and that will be a very good thing. As of today the thing that will happen is the rise in the market of bitcoin.

bitcoin will live it needs to be taken. for bitcoin, the future also needs to be understood

Best case scenario for Bitcoin is the price go to moon like $500k and the people would kill themselfs WHO has no bitcoin, and the worst case scenario for Bitcoin is the bubble and explose.. Anything can be happen in this World right now so i won't be suprise in any case but i wish to rising because i am bitcoin holder :)

To control Bitcoin you'd have to have at least 51% of the whole supply. It's too decentralised to be fully controlled.

The government might be able to continue to let cryptocurrency remain, and not accept the virtual currency as a payment instrument, and that is a situation that I think must be done. But I suspect that sooner or later, the government will try to disappear from its existence.

The potential for government regulations about Bitcoin is most likely to exist, when many countries have limited access to or exchange of other Bitcoin and cryptocurrency. China has been known for banning ICO (Initial Coin Offering) and limiting access to Bitcoin exchanges.

Keep in mind that Bitcoin is not anonymous at all. Users routinely make mistakes that weaken or eliminate anonymity from Bitcoin. As previously reported, the IRS has run services from the Blockchain analytics company Chainalysis to help find potential tax fraud for those who do not report their Bitcoin profits.

India has become the umpteenth time to try to get rid of Bitcoin by filing lawsuits because of its anonymity. Advocate Bivas Chatterjee asked the court in India to immediately regulate the outflow of Bitcoin in India. It believes that Bitcoin is difficult to track and is the vehicle of choice for illegal financial transactions and other criminal acts.

However, countries with large economies such as Japan have considered that Bitcoin itself is a method of payment in the future.

Worst case is if it did not break the 5-digit barrier before year end. Best case is bitcoin breaks its previous record high of $20,000.    I don’t look that too far ahead.  :D

Well theres only movements here in crypto world, the worst case is when it falls down deeply and the best case when its rising up and surpass the current price, but there is no worst case if you know how to handle coins, if it falls down just hodl it and wait, be patient, make sure to sell it if you can surely earn profit.

I agree that it would be very difficult if not impossible for a central authority to control bitcoin, but with mining concentration growing in China under Bitmain, the likelihood of a 51% attack increases, especially if China seizes their equipment under duress.

1. Best case scenario: by 2020 we are back in bull market; people gain confidence, no such thing as one big wallet controlled by one person or unknown company, but a big, important entity and conglomerate of trusted companies, making this known as digital gold, offering the fundamentals and support for the market.
2. Worst case scenario: Bitcoin fud increases, we get back to 2014 where soldiers witness stuff that no child should know, doom levels get down beyond hell and chills, in drops that just makes the hell implode. In other words, what we see now is a stubborn bitcoin and altcoins turning ghosts of the past.

If we predict one thing and if it happens maybe it is the best case scenrio for you and in vice versa if it not happen maybe it will be the worst case scenario for you. The bat case is qhen the bitcoin is bull run continiously till it reach the highest price an worst case is when many country banned it again

  To my view I think the worst case scenario for Bitcoin may be this year that is 2018 we have  seen signs of risk taking in the market .We have also seen Bitcoin recovering rapidly and it also shows an upward trend . Hackers can wreak havoc on the Bitcoin market a failure,theft, of major exchange can lead to a confidence in Bitcoin . The regulations led by the government could cause tougher on the Bitcoin industry .

Best scenario is that still it has not totally come under government s control despite their continuous actions thus seems to be a safe haven for its holders.

Worst scenario is that it's a wonderful technology invented to avoid intermediate bankers for payments but now almost considered to be just a high ROI giving asset.

It is unlikely, but Bitcoin could render government currency irrelevant and obsolete. That would be bad for the market for official currency, but it would not happen unless it were good for everyone and everything else.

Worse case scenario: loss of confidence in btc would collapse the entire crypto market. The mrkt cap at the time would go straight to zero and a massive evaporation of wealth would kill the possibility of ever again having an alternative currency.

it doesn't matter what will happen to bitcoin, they can have it all if they can. but the government or cartel would have to chase all these sprouting tokens and coins to actually control all these. they will be chasing the wind in this case as there will be more coins coming out. there is no way an organization can control crypto, they'd have to give up the market and leave it decentralize.

the worst thing for me is when bitcoin is not accepted in all countries and must be blocked in all countries in the world, and the best scenario is when bitcoin is used for everyone in the world that makes the government automatically make bitcoin legal if it happens, it can destroy many people economy.

Hmm. I don't agree with you about worst case, Because, how can government control bitcoin? how to control market? how to control blockchain? how to control transaction? it just can be manipulated by some people who sell or buy bitcoin in higher or lower price. And that affected the price :)

most exceedingly bad is that when the administration makes its own digital money and overwhelms the utilization which will be sanctioned and executed lawfully then bitcoin will be only a customary crypto with reducing quality and use.
Best situation is the contrary it will the most elevated esteem that is accomplished by bitcoin and be viewed as the most prominent digital currency in the history which is broadly acknowledged as installment in an exchange.

Best case scenario for bitcoin is it will be widely accepted and price will reach $ 20k  again by the december, I hope. Worst case scenario would be , it will be $1k by december and continue to lose its support.

What if to imagine a scenario when Bitcoin will be a world currency. Volatility in him becoming a minimum, all governments doing a calculation in Bitcoins. Every person has a own the official registration purce. This a means that all transactions people publicly available. Of course the government can't to made all anonymous, because should be a control payment of taxes. Is this scenario good or bad?

For me there is no worst case scenerio for bitcoin I can think of, because it is very secure, decentralized etc. You can create this topic for tokens that will be better.

While we see the development of the worst scenario. But all the same we hope for the best scenario.

The worst thing for me is when bitcoin is not accepted in all countries, and the best scenario is when bitcoin is used for everyone in the world that makes the government automatically make bitcoin legal if it happens, it can destroy the economy of many people.

I agree with you with your conclusions about the worst case and the best case with your bitcoin, the worst thing for me is when bitcoin is not accepted in all countries and must block in all countries in the world.

The worst case scenario.

Elon Musk returns with the team in his Martian mission together with his ultra energy, the size of a grain of sand.
Returns and hackes all coins with computational power, which we didn't even dream of.

At the pace of today's development it is not real?
The question is whether it will be easier to obtain such energy from space or to extract gold or discover the material that will become such a gold.
Still 100 years gold was certain. But, today neither gold nor bitcoin is so.

Such "interesting" times are coming -]

Depends on what You mean by "best" and "worse". For who?

Best: BTC will resonate around 5500 and 7200 for a while, allowing scammers to earn some more via pump&dump (as happened tonight).
Worst: BTC will be over by 2020.

I believe that the answer is in the history of bitcoin in how it has been behaved and how it has been taken by some people as a long term investment as a reserve of value others as daily work others as exchange currency others as an internet business others like currency bitcoin has many fields of use is very dynamic can be what your thoughts tell you there are still many uses that we are not given and that we are not undiscovered without a doubt bitcoin is great and is already becoming a fashion among the youngest Hopefully we have a good year

For me, the best scenario for Bitcoin when i see the price reached $19,800 which is the ATH that its look like the price will never end of rising before and the worst scenario is when the price falls at below $6,000 that its looks like Bitcoin is reaching the end point of zero value.

Worst case scenario is that someone finds a security flaw that renders bitcoin completely worthless. Quantum computing is not too far away and although it cant break the current security, it might help to identify holes that no one else previously discovered.

The best case scenario for Bitcoin to me is it's value and what it has offer to us as a new technology and new means of payment with easy way and very unique .

It was case is when it dip from high price to low price in value which gives many concern and makes some pull out in investing and manipulation is another worst case which need to really work on for big whales to allow market go in a normal shape.

I agree- its too difficult to predict the far future but everyone's minimal goal is to meet 20k by 2019. worst case, to have the price keep dropping

I think maybe one of the worst case scenario is that when bitcoin die or big event happen with bitcoin all other exchange market like hacking not just a simple hacking but stealing very big amount of bitcoin to the users. If this happen it may cause the end of bitcoin because many users been hacked and maybe they won't continue to invest on it. Best scenario is that  bitcoin will help all the people in the world.

Be optimistic. For example, I am waiting for a bitcoin price of $ 100,000 I think Bitcoin will make us rich.

Worst scenario: news is pressure on Bitcoin, made on a negative decision about ETF, and until the end of 2018-the beginning of 2019 Bitcoin continues to fall to 4000 dollars
Best scenario: bitcoin ETF is accepted and bitcoin goes to the goal of 50,000 - 60,000 dollars.

I think that all the hedgehogs on the whole we will see the golden mean. bikkoni will be half-regulated and half will remain anonymous coin

You're missing something there, is it the price? It should be: BTC will be over 10k USD by 2020. That would really be a disaster when compared to the current uptrend.

In reality the worst scenario would be if somebody managed to crack SHA 256 or hack Bitcoin some other way and make people lose confidence. We know that the governments will never work together to ban it and it won't die by itself. The only way for it to happen would be if people lost confidence and abandoned it.

The best scenario would be total adoption by a number of countries that would allow it to compete with national currencies.

The best case scenario for bitcoin is that before the next economic crisis bitcoin is finally ready to be adopted by billions of people that are going to be desperate to try to find a way to protect themselves from what is likely to be the worst crisis that the world has ever seen, if that happens it is very likely that bitcoin is going to be adopted by so many people that even if fiat and banks keep existing they will become a lot less powerful than before.

The worst case scenario is that bitcoin is subverted by governments and banks and becomes a tool for them to become even more powerful than before and if that happens I do not know if we will ever have a currency that is not a slave to them.