worst case scenario for cryptocurrency

[Handsome Boy]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

[AmoreJaz]

even if the governments collaborate with each other, still, they will come up to a centralised currency, in which bitcoin and eth are not. but that scenario alone is very far from happening as each country has their own approach towards crypto. even if they create the same features as btc and functions as eth, people are now free to choose which one they will use. and btc and eth are not government-dependent. so you don't have to worry about holding your btc/eth, because your worry of becoming them worthless i believe, would not happen.

[ultrloa]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

Do you think collaboaratio between countries will happen? Its no since for sure they want to don't bother and create their own and also for sure they wont bother as they have fiat to make more powerful. The one you need to get worried if governmemt will find cryptocurrencies as a bad investment nor a huge threat since for sure.majpr banning will happen and this could affect to the demand of cryptocurrency if their government will penalize their citizen if they use bitcoin.

[hatshepsut93]

Governments creating an altcoin is farm from the worst possible scenario. We already seen Venezuela creating an altcoin, and it was a grand failure. The worst case scenario for crypto is if it remains obscure and unused, if adoption will be declining instead of growing, then crypto will be just a hobby for some enthusiasts, with no potential for big price growth. The second worst scenario is a global ban, because without liquidity of legal exchanges the market will be stifled in growth.

[Kemarit]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

For the sake of argument and let's say they did collab which each other to create a new crypto that will rival BTC, I think we can still survived in the long term. Of course, it could be a threat, but crypto or at least bitcoin is decentralized and no one can control it. Maybe there could be on the other side of the spectrum, countries banding together to protect Bitcoin's network against the so called new crypto from other governments. So I guess it will just be even things up in the end.

And you have to think, what benefits on incentives the government will have if they join force and create their crypto to rival Bitcoin or any other crypto prime movers right now?

[Dhoe]

worst case scenario for crypto,?? if there is a global ban, it will probably be the worst case scenario for bitcoin, because by itself the market growth will be hampered, but I don't think this will ever happen, even though the government makes other altcoins to compete with bitcoin, to be able to bring down bitcoin, I think their efforts are not will never succeed, because from the first we have seen many who want to make other coins to compete with bitcoin, but in the end it ends in failure..

[blue_nexus15]

Bitcoin has been through all the dark days in 2018 and even this year things have passed convincingly like Fud china, Elon & Tesla...etc, heightened investment awareness is on the way which determines the direction of the market base.  I'm optimistic with the current situation, whatever bitcoin effort is creating the springboard for the entire space.  Printers continue to print money, covid19 continues to make bitcoin sustainable as its fruit
I think There aren't any bad cases that can cause the market to be dragged down again.

[Tytanowy Janusz]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

BTC is deflationary asset (global elites loves inflation - they are even setting "inflation target" and call "inflation is too small" when they are below this target). BTC has no centralized indentity in charge of it while every gouvements tries to reach the oposit. Control money supply as much as it is possible. What are the chances that gouvements will collaborate in anything?? especially something that will work in oposit of what their goals are and ... is alreade created. What are the chances that BTC hodlers that call BTC a "Fiat money system collapse hedge" will dump true bitcoin to buy "Fiat v2"?

I would say its close to 0.

[cryptoaddictchie]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

Worse case scenario is could go back to its lowest price. But Im not betting it wouls happened ever now especially a lots of players, institutions or group of traders have already invested big on bitcoin and other major coins. Even government intervene, I doubt they could totally control cryptocurrency given the nature it was created for. If ever this happened maybe I pull out some or majority of my assets.

[GeorgeJohn]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

Bitcoin is decentralized currency and we all know vividly that anything created or invent by the government is under centralized, even though government happened to enlist their coin today it's obvious that it will not be like bitcoin, ethereum, litecoin and other numerous coins under the platform of cryptocurrency alternative coins, because they own can be easily be manipulate, which i know that they can't do that.

[kryptqnick]

Firstly, there's no way that even a few major world govs would collaborate on a common cryptocurrency because their countries are competitors, and nobody wants to share control over something as important as a currency. That's why nation-wide centralized digital currencies are likely, but an international one (unless it's a crypto of EU or something similar) is not. Secondly, such currencies compete more with fiat than with cryptos like Bitcoin or Ethereum, IMO, because the latter offer decentralization and lack of control over the price and supply by any authority. And if you mean the govs will unite to create a currency they cannot control (a truly decentralized crypto), why would they do that?

[Wexnident]

I hardly doubt a cryptocurrency developed by the government would even have the capability to fight what Bitcoin can do. One of the most important factors as to why Bitcoin is so good and better than fiat is because it's decentralized. Do you honestly expect the government to create a decentralized currency? The worst case scenario is the various governments banning Cryptocurrency in their countries though honestly, it isn't even that bad imo. We've had those in the past, and nothing big ever really happened. Granted it would limit most regular uses for it, It'd still be possible for others to use it for how it really is just without centralized stuff and all of that.

[traderethereum]

Cryptocurrency will survive even if the government take part and create their own crypto.
They can control their crypto but not for blockchain because the blockchain network will run by itself.
You need to calm down and use your time to decide and not just listen to other people and research by yourself because when you invest in crypto, you need to know many details to use crypto properly for your own good.
If you worry about what happens to crypto when the government does that, you can sell your coins and leave the crypto market before the situation becomes worse, but that will be up to you.

[Lucius]

~snip~

The worst-case scenario is not the one you imagine, because all those who use cryptocurrencies today do not trust the government too much anyway - and then why would they suddenly want to replace their BTC with some centralized cryptocurrencies just because they were made by some government?

What poses the greatest danger, however, are possible bans and over-regulation - something similar to what is happening in the US regarding some new rules of the game in the crypto world. Unfortunately, most people listen to the authorities without even questioning whether something is good or bad for them, so if the world's most powerful governments could agree to work together to curb the spread and use of cryptocurrencies, there is no doubt that it would negatively affect the entire crypto market.

Fortunately for all of us, the crypto market is still very small and insignificant globally, and the question is what will happen when there is at least 5 times more money than today?

[topbitcoin]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

New blockchain or whatever it is will be considered to be altcoin. Because they will need market and it will be listed in cryptocurrency market. Of course bitcoin will still to be core of it. Nothing that they can do, or they want to create their own market to made demands, people will still prefer on cryptocurrency. Worst scenario for cryptocurrency maybe if government collaborate and then decide to close all centralized exchanges, although we have DEX, but it will really affect to community itself.

[cotton ball]

the worst case scenario for cryptocurrencies is, the price returns to zero, that is the worst case scenario for bitcoin, but I don't think it will happen again, because bitcoin has gone through a dark period in 2018, many countries are against bitcoin, not even the world bank want to accept bitcoin exchange, but bitcoin managed to get out of the slump at that time, and now bitcoin is back in popularity and many companies have adopted bitcoin, and there is already a government that legalizes bitcoin..

[ShowOff]

OP, do you really believe that government are willing to cooperate with other government just to compete with decentralized bitcoin?
Governments can create their own crypto currency but they will not dare to create a decentralized crypto like bitcoin and they only dare to create a currency that is completely controlled by the government and that is centralization. Don't doubt the bitcoin you currently have, even if the government want or regulates them but in the long term your bitcoin will be much more valuable than you have to think about the government and the bad scenario.

[Sterbens]

Cryptocurrencies will survive, even though the government does it just because it wants to hold Bitcoin's position even though it can't be stopped. Of course to determine how the overall policy is implemented by each government of each country. But again, even if everyone is forced and makes a new network, it will not change the situation in a short time. Simply put, we have seen the digital money of each country that has just been launched, and some countries are still relying on their systems to the Blockchain network, and if they want to split up it will be nothing more than a blockchain working system. Never gave birth to the latest innovations.

[pawanjain]

This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.

Why do you think bitcoin and ethereum are so popular ? It's mostly because of they are decentralized assets which have a value.
So even if government entities collaborate to create a centralized cryptocurrency then it won't be able to compete with bitcoin and ethereum.
So I would recommend you to keep holding those coins and don't get brainwashed by anybody.
Also, you should avoid declaring your holdings in public because it attracts unwanted attention.

[Om.monata]

even if many countries collaborate and create anything it will have no effect on crypto. it's just that the effect on the price is reasonable. but for other sectors maybe crypto will still exist it's just that there are new competitors. but the question is very unlikely for many countries to collaborate to create the idea