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Author Topic: What is the Worst Case Scenario for Bitcoin?  (Read 743 times)
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August 03, 2018, 03:44:07 PM
 #1

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?

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August 03, 2018, 03:51:22 PM
 #2

A sort of worst case scenario(or at least a bad scenario) for bitcoin would be something like a 51% attack. Bitcoin doesn't care about price. People will be able to use bitcoin as long as we have miners even if one whole bitcoin goes down to $1 in price.

Though a low price would be really really bad PR-wise.

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August 03, 2018, 03:52:55 PM
 #3

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?

it would be if the people worldwide will start considering bitcoin not as money but as scam and joke.

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August 03, 2018, 03:58:56 PM
 #4

If we consider the price, the worst case is that price decreases to zero. But I don't care only about the price. In my opinion the worst case is becoming centralized and controlled by the governments.
( I don't think it's easy for the governments, But it's the worst case.)
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August 03, 2018, 04:02:03 PM
 #5

At 1000$, miner rewards will go up because a lot if people will shut down their machines when the profits drop off, hopefully bringing down network difficulty.

A lot if people will begin to fill bags driving price up again for a while.

The network itself will just see transactions containing full btc, not tenths or hundredths.  The community itself will shrink.

I don't see this as likely but there will be fluctuations in pricing for the entire existence if BTC and the network and community will adapt.

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August 03, 2018, 04:04:00 PM
 #6

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 bitcoin drops $ 1000, many people feel disappointed and get out of bitcoin because they will think bitcoin is dead, so they will sell in panic.

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August 03, 2018, 04:08:10 PM
 #7

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?
This is probably the worst scenario. Because of the large percentage of its price will be dropped. Thus, it can be recorded in the history of bitcoin and this might cause to lose interest other investors to invest more in bitcoin again because clearly it is controlled by the whales called crypto currency market. And of course it does not happen because it will have a huge impact on the market.

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August 03, 2018, 04:19:27 PM
 #8

The price of a Bitcoin has little to do with how we use its underlying technology called blockchain. https://charts.bitcoin.com/ - We can see from these charts that the price of bitcoin has been very volatile. Even if the price of bitcoin goes to zero, the technology that powers it won't be affected. The worst case scenario for it would be if someone found a way to control 51% of its blockchain as that would result in them controlling all the aspects of the blockchain and make any changes that they wished to the incorruptible ledgers.
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August 03, 2018, 04:24:44 PM
 #9

Its outlawed and worldwide recognized as illegal = it will be worth zero$
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August 03, 2018, 04:25:32 PM
 #10

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 this happen many people being hospitalized because of frustration of their loose in their investment and they will sell immediately their holdings this what we called the panic seller the weak hands that can't hold their coin no matter what happen in their holdings and it will be the worst scenario in the history.
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August 03, 2018, 04:28:21 PM
 #11

Yes, $1k would cause blood on the streets but I wouldn't panic if Bitcoin reaches that price level, as Bitcoin is volatile by nature and it is expected that Bitcoin will bottom at $3k price range, so I wouldn't call $1k too faraway from it. Actually I'm looking forward to it as it would give me the opportunity to buy Bitcoin at such a low price.

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August 03, 2018, 04:31:41 PM
 #12

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.

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August 03, 2018, 04:32:54 PM
 #13

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?

Its not going to be the worse scenario for most of the big investors. They might buy all of what is being on sale on the exchanges. $100K will give them 100,000 BTC. Its the best scenario for them. Sure you wouldn't like it but they will celebrate for it. Will even toss a party the whole week thanking the community for being  generous.
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August 03, 2018, 04:46:53 PM
 #14

A lot of people thinks the system of the bitcoin is a scam that's why they afraid to invest in the bitcoin and other companies afraid to adapt the system of the bitcoin. Sometime the people is a scammer not the bitcoin they use it  to scam others and to earn money in the wrong way.

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August 03, 2018, 04:51:45 PM
 #15

The worst case scenario is if another coin comes along that surpasses Bitcoin as a digital currency form and Bitcoin becomes the MySpace to this new coin's Facebook.

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August 03, 2018, 04:55:20 PM
 #16

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 bitcoin to reach the price of 1000 $ requires a fairly strong weld, if indeed there will be such a scenario the role of large capital holders is needed, because to drop bitcoin up to 1000 $ it might take a large dump maybe around 30% bitcoin of the total supply released on the market together, the second scenario might occur if there were big blows from some countries that did a rejection and bad punch , the third, the worst if everyone thinks bitcoin is useless then it's all over
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August 03, 2018, 06:29:50 PM
 #17

It can become a worst case if that $1000 drop really happen, And because most in the  community is very well known about the price of bitcoin they will not surely become something like this, But instead it will keep on moving forward, Because when the price reach the point of $1000 USD there will be many 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 03, 2018, 07:14:06 PM
 #18

I think the worst case scenario for Bitcoin is the new platform. If new platforms can make a lot of money, I'm sure 100% of Bitcoin investors will withdraw money and invest in new platforms. Hope this never comes true
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August 03, 2018, 07:16:33 PM
 #19

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

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August 03, 2018, 07:30:15 PM
 #20

the worst case would be some political decisions which control bitcoin somehow , and as a result loss of faith by investors and a huge drop in the price followed by some more bad news and a FOMO which can bring us to ZERO !
i don't think that can ever happen even if governments try to  Tongue

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