worst case scenario for cryptocurrency

[techearn17]

The worst-case scenario for a cryptocurrency would be when the United States imposes sanctions. This can be the worst-case scenario for a bitcoin, and one of the reasons is that the price of a bitcoin falls below its lowest point, but it will never happen more and more people will adopt bitcoin in the future.

[judas]

The worst case scenario is that the cryptocurrency market can be gone forever at some point. Maybe it can happen in e.g. 100 years or so. But the same probability exists for fiat money also. Because governments are developing their own digital currencies now. And they will start using them instead of fiat money at some point. In short, it is really hard to predict whether volatile cryptocurrencies will be gone forever. Let's just be aware of everything and make our investments according to it.

[Sayeds56]

The worst case scenario is that the cryptocurrency market can be gone forever at some point. Maybe it can happen in e.g. 100 years or so. But the same probability exists for fiat money also. Because governments are developing their own digital currencies now. And they will start using them instead of fiat money at some point. In short, it is really hard to predict whether volatile cryptocurrencies will be gone forever. Let's just be aware of everything and make our investments according to it.

Hopefully, this worst scenario will never happen because there is mass adoption going on globally and institutional support is stronger than ever before, Coinbase is a Top crypto exchange and its listed on on New York stock exchange which is a clear sign of recognizing crypto as tradeable asset. I believe  Exchanges will certainly go though scrutiny process where they will be forced to abide by the local as well as international regulation if they want their business running and this is good for protection of investors as well as long term growth of crypto industry.

[meanwords]

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.

This scenario is very unlikely, and if ever some countries tried to collaborate to create a blockchain, there will never be something as the same with Bitcoin. Bitcoin is the most unique cryptocurrency out there. Unlike the blockchain that the government is going to create, Bitcoin is a decentralized technology, there's no way all the government would be able to create something close like that because government would want control obviously, and that's not going to work.

[cotton ball]

worst case scenario for crypto,?? if all the world's banks don't want to accept bitcoin exchange, and all countries reject bitcoin, and the price of bitcoin drops to the most beautiful level, maybe that's the worst case scenario for bitcoin, but in my estimation, all of that will never happen, because we'll see now Bitcoin is very popular, even the government has legalized bitcoin.

[dansus021]

bitcoin is decentralized and have nothin to do with government; people can still choose bitcoin or other crypto digital
we can took example of digital yuan but some people of china maybe still prefer bitcoin

and i dont know if the government will joining each other even united nation member itself still have non member country so its impossible

[NathanielParker]

I don’t think this kind of idea is established. Each country has a different position. This idea is difficult or impossible to achieve. If the currency of the country is naturally centralized, then who of these countries has the main control , No one wants to divide the maximum profit out.
And encryption enthusiasts have the right to choose, and people can choose freely, which will not affect the coins they own.

[Luke Briggs]

Every country wants to become a superpower and wants more voice.
They will not cooperate, they are in a competitive relationship.
Many countries have now banned Bitcoin. Bitcoin mining is prohibited.
The state banning the use of Bitcoin is also more troublesome for everyone, but now everyone is unable to resist the government and can only be forced to accept that Bitcoin cannot be used.

[Dread Pirate Roberts]

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.

Then it proves that bitcoin or blockchain is indeed useful and must be adapted and there is even more good news because the legality is more perfect  if it really happens. in fact, the original will continue to grow. why move the new one from the original (bitcoin) will eventually be in the same form too "cryptocurrency".

[LimLims]

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.

According to me it won’t affect our Cryptos at all.
Our cryptocurrencies are decentralised, so as like now if we hold it and sell it P2P then no one will know about it.
And if the government launches something like you have mentioned in the OP, then i am sure majority of the people will ignore it.
As people don’t like keeping their money and investments under centralised policy.
Hope this helps you Op.

[qwertyup23]

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.

The main purpose of why the blockchain was created is due to one thing- decentralization. If the government were to collaborate to create a blockchain network, then it defeats the very purpose of decentralization as the government still has control over it.

The worst case scenario for cryptocurrency, in my opinion, is when governments of all countries prohibit the transaction of such. With this in mind, big companies and businesses would drop BTC/cryptocurrencies as a payment option to their products/services. Slowly, cryptocurrencies would become obsolete and its price would decrease and decrease.

[so98nn]

They will never do it. They will never cut their own neck with their own hands. LOLZ.
Let’s think about it, why would government want their own blockchain if they have well settled traditional banking system.
They don’t need blockchain for storing the state secretes or national secretes which might get stolen with hackers so that’s not the agenda on the table.
They will prefer to run an underground operation with stone caves rather than spreading the critical information over the Internet through public ledger.
That would be last thing any government will do.

[jmsk1]

ethereum now being from the worst coins, since the fees touches too high about 100 dollars.

[JerryKin]

Worst case scenario I believe would be that the government bans everything blockchain. Including every crypto currency that it aids. What I know is even if create an a customized digital currency they would still need the operation of blockchain. Overthrowing blockchain would be too much a demand I believe.

[yazher]

The answer to your question is simple, you gonna need to wait for the next bitcoin halving to get some nice profit with the amount of the crypto assets you currently holding, and by that time, I think no government is fast enough to create such kind of platform let alone collaborating with one another. We know each one of them doesn't want to be behind one another and that's what gonna make their plan delay. Don't worry about your BTC and ETH, if you are really planning to hodl it for long, you won't need to think any of that right now. Just continue living your life to the fullest without stressing yourself with the volatile market.

[imstillthebest]

that would be a beast if they be able to create like that but i dont think they can .
 as far as i know theres no one succeed in copying this two ( eth and btc ) but there can be creations that are close enough for eth , it can be because eth is less stronger than btc . your holding are too small compare to big bag holders but your worrying too much than them  .
dont worry no worst things can happen with btc and eth

[riskarcher]

I don't think the scenario will have any effect on BTC or ETH which in fact the cryptocurrency will not be affected by the government, even though many countries block cryptocurrency and until now still survive. Because the community has freedom in investment and transactions, this is something that even the government will not be able to conquer. Forget about your worries it will never happen

[blockman]

Even if that becomes true, crypto is here to stay and you're not holding a shitcoin. You don't have to be worried about it at all, you're holding the best two cryptocurrencies in the market so that shouldn't be a problem for you. What you should worry about is accumulation.
While the market is starting to show again the price increases, you should keep accumulating while it's not yet at the most possible peak of it. You name the price for the most possible peak that you can ever imagine, it may happen this year, next year or so. But with what you've said, it's not the worst that I can imagine. There's more to it like shutting down of all the exchanges which is an impossible thing to happen.

[mrongos]

the worst scenario for bitcoin is, when the price of bitcoin falls to a very low level, maybe that's where we can say the worst scenario for bitcoin, but I think for now, and in the future bitcoin will not go down to the lowest price, because we can see now, bitcoin is very popular, and many have adopted bitcoin..

[noorman0]

Op says building blockchain? so it makes no difference that government union just make another boring crypto alternative. The most urgent thing to do instead of creating new ones is to suppress the growth in the number of altcoins. Decentralization is not a crime, scam coin is a crime. I see the founders reserve the largest amount of their coins unfairly, and they can liquidate at any time which can impoverish a lot of people.