Best and Worst Case Scenario for Bitcoin

[oseikuf44]

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.

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[burner2014]

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.

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.

[darkangel11]

Worst case scenario is when government bans bitcoin permanently.

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
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.

[Mocoinaire]

Worst case scenario is when government bans bitcoin permanently.

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
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.

[BartS]

Worst case scenario is when government bans bitcoin permanently.

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.

[AngelSky]

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.

[tumis]

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

[cizatext]

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 
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

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.

[Pansamantala]

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. 

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.

[FedorIzmailov]

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

[burky155]

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

[treetoneman]

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

[Behind]

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.

[Catch-22]

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. 

[Dirk2017]

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. 

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.

[pushups44]

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.

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.

[xcajun21]

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.

[Kotone]

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

[Jessica2009]

  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 .

[r32godzilla]

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.