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Author Topic: What is the Worst Case Scenario for Bitcoin?  (Read 704 times)
zafaryaqoob
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August 06, 2018, 11:11:11 AM
 #61

Just create patience, It's price will go up, after December 2018.
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Fatanut
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August 06, 2018, 11:23:41 AM
 #62

I have a question, if one of the mining pool reaches 51% of the mining rate. What capability can they do from this?
How can you know that there's a risk with someone having 51% of the network control but not know about 51% attack? Read about it by clicking the link. I really wouldn't worry about it that much since it will require a lot of money to do the 51% attack and it will just ruin bitcoin's name. Hence, the price will go down and whatever bitcoin the attacker can accumulate from the attack will not be worth the amount of money that he needed to do the attack. Know that the attack is totally possible, but who will be crazy enough to spend money just to ruin something? The government, perhaps, but it will require tremendous resources which could have been used for other things.

The government using this attack to ruin bitcoin which belongs to the people can be a sign that the government and the people have separated and are in war with each other.

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?
Yes that would be the worse scenario to happen for bitcoin and more or less investors that time are already pulling out their investment and then bitcoin will be left as half dead if it will still operate and if it will going to recover again it will not be the same as to what bitcoin nowadays that is so good and has a lot of good things to offer.
That's wrong because a price decrease so major has already happened.

Study the chart. Bitcoin went up to $1200 then went down to $600 really quickly, increased, then went down to $400, increased again, then the price went down to $200. Today, the price of $1200 of bitcoin is already a nightmare for all of us. Was it "never be the same"? Even to the people that have bought in $1200, today is still a good price. With the mentality that you have, I'd say that you're not a true bitcoin believer. Price can go low but know that mass adoption has to happen before the price can be stable, before we can actually say that a major price decrease means that bitcoin is dead and that people have already left it. At this point, even with a major price decrease, we will be able to recover because a lot of people hasn't joined the game yet unlike when mass adoption has already happened and most of our money is already in bitcoins.

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CryptoRaymond
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August 06, 2018, 01:54:33 PM
 #63

Till now I did not find out any worst case of bit coin. For me it’s very lucrative. I invest lot of money on bitcoin and I got huge amount of money back. I gtrust on it.
MilfordGannon
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August 06, 2018, 02:57:48 PM
 #64

The worst case scenario is not about the price of Bitcoin anymore, if people start to see it as a currency which is easily hackable and scammable then it should be called the worst case scenario. People losing trust on Bitcoin will eventuall make its price go down which can anywhere in the region of 1$-2000$.
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August 06, 2018, 03:09:31 PM
 #65

Worst case scenario is when bitcoin will be dead. But i think its not gonna happen. If the price falls to $1000 i think many of the holders will buy more coins and i think many of them will switch to altcoins.
Agree with your comments. I also think that if the price of Bitcoin drops, investors will switch to altcoin investments, but it is impossible to reduce Bitcoin prices to $ 1000. Bitcoin operators will never let this happen



Yes I agree with you also. Its become worst case if that $1000 drop really happen. And mostly the investors is know about the price of bitcoin , But instead it will keep on moving forward, Because when the price reach the point of $1000 USD people will be pissed and would sure stop on supporting bitcoin, But in reality this kind of value right now is only be possible when bitcoin really is dying.
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August 06, 2018, 03:12:55 PM
 #66

Every people have their own fear.
But if you ask me, I'm worried about bitcoin value but I'm pretty sure most people also afraid the same.
As we know bitcoin value still unpredictable until now but bitcoin also make you gain massive profit so the risk is worth to bear !
Daniel91
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August 06, 2018, 03:14:36 PM
 #67

In my opinion, the worst case scenario for bitcoin is that people loose faith in bitcoin and find something better, some new crypto leader.
In such case, most of btc user will loose a lot and will never recover financially.
Realistically, most of us here are because of profit, not idea so if bitcoin lost leadership position in the crypto, we all loose.
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August 06, 2018, 03:19:33 PM
 #68

I think worst scenario is flat for 4-5 years
Harry1v
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August 06, 2018, 03:29:21 PM
 #69

The price of the BTC fell to $4,000, probably the worst case scenario, and if the market had fallen below $4,000, the encryption market would have entered a real bear market.

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August 06, 2018, 03:30:49 PM
 #70

I am not sure about this scenario because if it is happen then many investors will suffer a lot also whole market will be suffer based on this but I don’t think it will happen I think this price will increase.
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August 06, 2018, 03:33:45 PM
 #71

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 you are talking about worst case scenario regarding the price movement, of course it will be bloody to see the price falls to $1000.  But I'm sure that everyone will be happy to see bitcoin at that price, time to go bag holders again, accumulate bitcoin and hold. It will be history repeating itself again and now we become the new wave of early adopters. So technically, its possible, but I don't think that we can't bounce and see the price increased at a rapid phase once bitcoin plummeted to <$1000, IMHO.

eifer0910
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August 06, 2018, 03:49:27 PM
 #72

I don't think it will reach that super low price, I guess it will low a lil bit  but will not dump like that, I hear so many articles that bitcoin will soon rice again and reach its peak price before this year end.

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August 06, 2018, 03:54:28 PM
 #73

I think worst scenario is flat for 4-5 years
or attack51%
BitcoinPanther
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August 06, 2018, 03:59:32 PM
 #74

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?

Indeed, what comes up will eventually come down.  It's the impact here that we wanted to stress out.  You see, though therotically, bitcon was to wage ware against current cash systems, it somehow ended up bidding up against the stock market.

Trying to prove its worth and showcasing its' valuable strength.  Yet, through out the lifespan of any economy that we came to see, Bitcoin is of a different blood.  Another means to showcase intelligence.

So i think, though the bearish months have been here, all of us can still look mildly relaxed at the incoming future of altcoins.




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Maiscoinyelo
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August 06, 2018, 04:01:32 PM
 #75

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?



For me, worst case scenario for Bitcoin is that rapid downfall of its price. If its rapid downfall will take too long it will be alarming for Bitcoin buyers and sellers. Also it would be worst case scenario if there would be no one to invest on Bitcoin. I mean it will be that bad that they will stop investing just because of its price downfall.

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August 06, 2018, 04:26:20 PM
 #76

There could be several scenarios. I think it will be worst when bitcoin will be declared illegal in all over the world and abandoned by majority of people.
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August 06, 2018, 04:41:01 PM
 #77

The best fact of bitcoin is, it is a decentralized currency. So if it become centralized then i think it will be the worst thing for bitcoin. As it won't be considered as cryptocurrency then.
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August 06, 2018, 04:44:59 PM
 #78

The worst case will be when the bankers own all the Bitcoin, and they just trade it between themselves.

I'm starting to plan my Crypto Coin Tree speculation club

Send me a PM if you would be interested in taking part in the initial planning.
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August 06, 2018, 05:01:04 PM
 #79

The price of bitcoin is unlikely to fall to $1000 in 2018, and the current mining calculation continues to increase, and I think the big mine trade union entered the market to buy bitcoin at the time of $5000.
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August 07, 2018, 06:23:47 AM
 #80

This is really an interesting question indeed. The release of new technologies and decreasing of market price in a large amount these two can be most worst scenarios for bitcoin and it’s growth as well i think.

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