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Author Topic: What is the Worst Case Scenario for Bitcoin?  (Read 704 times)
Tokoyami
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September 06, 2018, 02:12:44 PM
 #161

The worst case for Bitcoin is probably the rapid development of other coins, Bitcoin cannot keep up, so bitcoin prices cannot increase but continually decrease.

Even though there is rapid development with the Bitcoin, there is less possibility for other coins to have a community like Bitcoin. Bitcoin is always the dominant currency because the majority of the investors still have high hopes of Bitcoin compared to others because other coins price is dropping very hugely.
For hodlers since trust in bitcoin will be far less as an investment. But for the utilization of bitcoin,
it's a sign of normalizing the price range and possibly showing bitcoins potential as a payment system.
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September 06, 2018, 02:29:53 PM
 #162

This is a decline in the number of participants and the quality is declining. More importantly the severity of the severity of the bitcoin has made many people go bankrupt. The bitcoin gradually loses trust and begins to be forgotten. I hope this will not happen at least right now, the probability is very small because this is only the worst case.
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September 06, 2018, 04:47:15 PM
 #163

I think the condition of the bitcoin price movement scenario is very clear, it will only give up and down movements and the condition of price increases will usually occur if there is good news.

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September 07, 2018, 09:16:03 AM
 #164

The worst case for Bitcoin is probably the rapid development of other coins, Bitcoin cannot keep up, so bitcoin prices cannot increase but continually decrease.

Even though there is rapid development with the Bitcoin, there is less possibility for other coins to have a community like Bitcoin. Bitcoin is always the dominant currency because the majority of the investors still have high hopes of Bitcoin compared to others because other coins price is dropping very hugely.
yes, obviously bitcoin has been widely trusted by investors in this field, even though there are always new types of coins popping up if coins cannot be converted to bitcoin, newly launched coins will not be worth even their growth will not last long.
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September 07, 2018, 03:15:19 PM
 #165

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 bitcoins is when the government is banning cryptocurrency on its country, in this way people will not be able to invest and bitcoins might die in the future.

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September 07, 2018, 05:51:20 PM
 #166

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 bitcoins is when the government is banning cryptocurrency on its country, in this way people will not be able to invest and bitcoins might die in the future.

Yeah that's even worse than whales dumping to 1k, since we can still expect a good comeback. Illegalization of crypto may very well put an end to this market and to all our crypto dreams.

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September 07, 2018, 06:35:40 PM
 #167

I think the condition of the bitcoin price movement scenario is very clear, it will only give up and down movements and the condition of price increases will usually occur if there is good news.
That is my thoughts too. Bitcoin is going to increase in price if we have good news and reducing in pricing if there are bad news. I have been following this market and that is what always play out.  The current situation of bearish market is because of those ban and rejection bitcoin was having around January and February this year.

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September 07, 2018, 09:23:47 PM
 #168

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?

In my own opinion, the worst case scenario of cryptocurrency when the price starts to dump, most of the people are panicking and they are selling their coins at its lowest price so cryptocurrency will dump even more.


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September 12, 2018, 06:16:28 AM
 #169

I think the condition of the bitcoin price movement scenario is very clear, it will only give up and down movements and the condition of price increases will usually occur if there is good news.
I personally do not like the bear market of Bitcoin when it takes too long to switch into bull market, however I find it easy to use less money in order to buy coins in large quantity and other also want this. I hope that users should avoid selling for small profit in bear market so that the after buying more and holding your coins we will have a bull market in the upcoming days.

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September 12, 2018, 08:46:24 AM
 #170

the worst scenario is that bitcoin is probably the price of bitcoin is falling to the base price and maybe bitcoin has no more requests and made a lot of people who suffered a lot of losses were the most severe.


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September 12, 2018, 09:28:11 AM
 #171

The worst bitcoin value is zero. Bitcoin can return $1000 and that is not the worst, people will cut losses if they can't tolerate. When that happens, many new investors will appear and the market will still function normally.

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September 12, 2018, 12:03:45 PM
 #172

For me, those scammers who are using bitcoin as tool for deceiving people is what the worst case scenario for bitcoin for me. It is one of the reasons why people who don't have enough knowledge about bitcoin to hate it and will think that bitcoin is really a scam type of asset.

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