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Author Topic: What is the Worst Case Scenario for Bitcoin?  (Read 694 times)
Dukjila
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August 03, 2018, 07:35:48 PM
 #21

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?
Even if the price drops to 2K this will be the end of Bitcoin, because he is now on trust.
End Bitcoin - the end of the cryptocurrency market or a very big crisis. Sad
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August 03, 2018, 08:07:28 PM
 #22

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?


I think if that happens it will indeed be the end of bitcoin because in my opinion if it's a scenario then it's not the price that is problematic but banning everywhere for a reason and if it has been well done and then banned it can be opened
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August 03, 2018, 09:07:24 PM
 #23

its when the us dollar disappears and you become nothing but one of million cryptosects, trying to figure out wich form of money does work for getting money earning cattle to do something for you

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August 04, 2018, 03:08:47 AM
 #24

I think the worst case scenario for bitcoin is the new platform.I m not sure but i hope 100of people investors will withdraw money and invest in new platforms.Hope this never comes true.
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August 04, 2018, 05:31:23 AM
 #25

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?

why are you afraid that 2018 is the worst scenario? have you not read the history of the bitcoin movement in 2013 to 2014? I just want to say, that bitcoin is still positive. this year is a witness that bitcoin is still alive when many countries try to ban bitcoin through central bank regulations and hacking cases that occur in exchange. I thought, you should see this video : $BTC 2014 vs 2018 #bitcoin chart comparison

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August 04, 2018, 09:41:05 AM
 #26

Worst Case Scenario is only about the value going down to a disappointing level. But still, optimists can take that opportunity to accumulate more at a bargain.  Cheesy

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August 04, 2018, 09:50:10 AM
 #27

Satoshi erase bitcoin and everybody will lose all the bitcoin their have, i think it's a worst case scenario for bitcoin.
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August 04, 2018, 10:04:33 AM
 #28

What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
It is relative. Someone who bought at a much higher price would be mentally traumatized however, for someone new to this space, buying in at this price is the best case scenario for them. Personally, after being in this space for a short amount of time, I would be delighted if bitcoin could revisit those price levels, that is below 1000$ or less.

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August 04, 2018, 10:08:39 AM
 #29

This is a known fact if the price goes up it will surely go down.
if this statement were true then price of nothing could have ever gone up. in which case we never had any inflation! talking of assets then price of none of them (like gold, stocks,...) should have ever stayed up.

you are misquoting this!
- when price goes up it usually needs a correction. a correction is a much smaller drop compared to the rise.
- when price goes up fake (like an altcoin pump) then it must come back down which is the case in altcoin market these days.

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What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
nothing, i will wake up and see price is $10k and i have been dreaming Cheesy

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August 04, 2018, 10:22:42 AM
 #30

 The thing is that there are so many HODLers now that if it dropped dramatically, we'd all swoop and increase the demand again.
 Government regulation is probably the only worst case scenario I'm worried about long term. And I hope that's not an issue under a republican administration, they're usually a bit more restrained in expanding government regulation to new territories.
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August 04, 2018, 10:24:06 AM
 #31

The worst case scenario for BTC already happened in my opinion, having the whole world attention when reached ATH 20k then fall back that much was a huge downside for BTC . I know that is not new to BTC but from NOV 2017 to FEB 2018 a lot of people from outside crypto space was watching Bitcoin closely  in a way that never happened before . Anyone that was attacking BTC is now have a proof to backup his claim about BTC ( whatever it was ) . But anyway I think BTC is already recovering from what happened , recovering does not have to mean recovering in price .

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August 04, 2018, 10:27:50 AM
 #32

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?

At least if Bitcoin prices dropped until $1000 Bitcoins will still alive and can raise agaian
Obviously worst scenario for Bitcoin is no one use this crypto currency again.
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August 04, 2018, 10:29:20 AM
 #33

Well, the worst case scenario that might happen in the community of the Bitcoin is not just the keep of its downfall in the market price but also if no more people will engage in using this crypto currency. But I do not think that this will happen because Bitcoin all over other crypto currencies is the King of all that affects other crypto currencies too.


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August 04, 2018, 10:38:49 AM
 #34

When will you guys get the message? Banks don't want anything to do with Bitcoin or other cryptocurrencies. Have you noticed that almost all of them are blocking crypto transactions via credit card? That's not adoption - it's the exact opposite of adoption.
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August 04, 2018, 12:49:02 PM
 #35

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?

Well though it would be disastrous for btc to go that low at this point in time, btc may still recover after that so that's probably not the worst that can happen. A lot of things can actually be a lot worse. Like hackers finding ways somehow to get into wallets and compromising them. Or governments entirely banning all crypto. Unlikely to happen but difinitely would make this market crash.

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August 04, 2018, 05:39:01 PM
 #36

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?
Probably one of the worst decisions would be to ban cryptocurrency worldwidely, or if people would just lose all the interest for it and the price will be coming to 0. I think both of those options are possible.

                   
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drmilind2004
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August 04, 2018, 05:54:03 PM
 #37

Worst case scenario for Bitcoin:

51 percent attack given that Bitmain holds the main mining consortiums.

An improbable scenario, more sci-fi, would be quantum cryptographic cracking of the Bitcoin system. But, would that, for instance, 'kidnap' Satoshi's first million coins, and transfer them indistinguishably to hidden wallets?!

In terms of the importance of continued mining for the vitality of the blockchain, Governments imposing a "Carbon Tax" on "environmentally polluting" mining activity; or totally banning mining like they banned ChloroFluoroCarbons (CFCs) because they caused the Ozone Hole that caused increases in skin cancer across the world. Some such excuse is readily available today, what with rampant climate change, and the like.

Worst case scenario for hodlers of Bitcoin:

Government levies tax on the mere possession of Bitcoin, and uses peak end-2017 20k valuation as the basis for taxation, regardless of when the holding actually took place.

But wait, the worst is yet to come!  How about that tax being a penal three hundred percent?!!

 

TO DO: Finish Writing My Book First  //  Next, Add Tokens, Promise 10,000 % Gain // Even A Social Network, Yay! // Watch out Zuck, here comes Chuck Wink
jakelyson
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August 04, 2018, 10:46:17 PM
 #38

The worst case scenario is when miners lose interest in mining bitcoin and we become vulnerable to  51% attack. Even if the price is high if there is no miners to protect the integrity of the blockchain, our  bitcoins will be useless. Price is just a reflection of how great the blockchain technology is. Even if the price falls but the technology is intact, it can recover.

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delize
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chaoscoinz
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August 04, 2018, 11:13:34 PM
 #39

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?
The worst case scenario for Bitcoin? That's a really tough answer to give, as there are several determining factors that could easily spell the end for any crypto currencies. Here are a few that I can think of off of the top of my head.

1. Regulation: To many regulations can really hinder the blockchains innovation, severely crippling progress for growth, both economically and socially.
2. Tax: The governments can easily kill crypto simply by taxing it to death. No one would bother with using a useless medium as an investment vehicle.
3. Adoption: Bitcoin and other cryptos simply take a back seat, as a new medium that's backed by a central authority, one that the common man will trust. Unless crypto becomes easier to use, people will use something else, following the path of least resistance (mediums with simpler interfaces).
Meysa_richa
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August 04, 2018, 11:16:56 PM
 #40

it's true that bitcoin is a scenario, and with that price scenario or price bubble many people experience profits and losses in trading, and if bitcoin goes down to $ 1,000, it's the worst scenario.

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