What is your worst case scenario for Bitcoin right now?

[slaman29]

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It will take a huge chunk of next bitcoin's growth and give lower supposed all time high.

I do not understand. Why would Bitcoin falling below $50k significantly reduce its future growth potential or lead to a lower ath? On the contrary, I see it as an opportunity to achieve greater return in the future

The truth is that Bitcoin is no longer small, and its growth rate is gradually slowing down. This makes it increasingly difficult to achieve the massive return from it that were possible in the past. So if we still want to generate meaningful profits from Bitcoin, the most effective approach is to take advantage of opportunities to buy it at the lowest price possible.

The lower your entry price, the safer your position and the higher your potential profit in the future.

This is what you get in general when you have people purely speculating and never really took the time to understand fundamentals

I'm with you here, this is an opportunity, just like all the previous lows, to push out the unnecessary noise and developments (like dumb NFT shit etc) keeping only the ones that have always been contributing to the fundamental strengths like network security, not to mention PoW security.

People are quietly realizing it, hence the 'lower' ATHs.

[@nn@_pen9]

Bitcoin has been doing well lately, but most people are only talking about the upside . I’m just thinking about the other side. What could go wrong from here?
For me, a worst case would be losing important support and seeing a bigger drop again, maybe if macro conditions get worse. I’m not saying it will happen, just trying to look at both sides.

What do you think is a realistic downside from here?

I think this is only temporary, yes even now many big investors are withdrawing from crypto and securing their money. due to the current tightening or policy of the fed and this also has an impact on the entire stock and crypto industry itself, And you can also reflect and learn from macro conditions, the 2008 crisis and Covid how the fed plays all of this. Hopefully there will be a breath of fresh air and we hope the Fed will loosen its policy in the near future. For us as small investors, prepare as much money as possible, this is the right moment to buy Bitcoin in the current phase where Bitcoin is in a bearish state, and there will be a time when Bitcoin will soar back to its highest peak,

[batang_bitcoin]

The worst case that's been mentioned will be altered once bitcoin goes back to $70k and that's likely to happen. The Iran and US is about to sign the peace deal, a real one and that's shown for the first reports to react with its price and goes back to $67k. More of this news comes to the next days and we might be back to $70k asap. Soon, all of these worst case scenarios that are mentioned will change one by one and let's hope for the best to come although it's not yet there.

[Nrcewker]

These ups and downs are normal. We know that whenever there is a national emergency, the price tends to go down. However, when there is good news, the price usually rises again.

What matters is whether you are holding Bitcoin for the long term or using it for short-term trading. If you plan to make good money by actively trading Bitcoin, then keep watching the market patterns and the news that affects them. However, if you are someone who is holding Bitcoin for the long term, then you will most likely make a profit.

Bitcoin has a limited supply, so as demand for it increases over time, its price is likely to rise as well. Therefore, just hold it and be patient.

[Japinat]

Everyday is a worst case scenario if you don't know how bitcoin works and how the market works, and if you don't know the reason why you are still investing in bitcoin. But if you have been here for long, witnessing the ups and downs of bitcoin, and how it was able to recover and managed to reach a new all time high, then you will understand that such threats will not work for bitcoin.

Bitcoin is built through a decentralized means, meaning he can be independent in every market scenario that it will face.

[MRY]

These ups and downs are normal. We know that whenever there is a national emergency, the price tends to go down. However, when there is good news, the price usually rises again.

What matters is whether you are holding Bitcoin for the long term or using it for short-term trading. If you plan to make good money by actively trading Bitcoin, then keep watching the market patterns and the news that affects them. However, if you are someone who is holding Bitcoin for the long term, then you will most likely make a profit.

Bitcoin has a limited supply, so as demand for it increases over time, its price is likely to rise as well. Therefore, just hold it and be patient.

The limited supply of Bitcoin is a fundamental advantage of the asset, as it make it very desirable store of value long term holder. Prices will tend to respond to emergencies in a negative way but in the long term, the demand and supply laws will always govern how price moves. The ability to hold and not be tempted to sell during down turn is the best discipline that an investor would have explored when he knows the real worth of this digital asset.

[michellee]

Worst case scenario $40,000 per bitcoin and the trigger might be Microstrategy. They are opening yet another possibility to sell their bitcoin and people are so worried about it, it seems.
Regarding bear market, we are already in one. All these dumps and fear, clearly describe bear market even though maybe we haven't faced the absolute bottom of this cycle.

That is bad if the price really drop to $40,000 but we can't complain and accept it. In other side, the drop gives us more chances to buy back at lower price and rich people will not miss that chance and they will buy a lot that they can. The bear already comes so we should be careful making decision and the important is don't panic because that can makes us difficult to think clear.

Bitcoin dropped to $60k in early February before rising to $83k and then falling back to $63k as it is now. That means we have been in a bear market for a while, and it is not over yet. 

What is happening is unsurprising, as it is a typical characteristic of a bear market: deep decline, false recovery, followed by another drop


I do not know what will happen next, but if Bitcoin falls to $50k or lower, it would still be quite normal. As mentioned, we are in a bear market.

Yep and we don't know what will happen and only be careful. The situation unpredictable but I guess some people already take their profit from the increasing. In this bear market, I wonder if altcoins can start position to increases or it will sink following Bitcoin correction but if altcoins could increases and have ATH, that will be good because we can have bonuses to take profit.

[Webetcoins]

This is what you get in general when you have people purely speculating and never really took the time to understand fundamentals

I'm with you here, this is an opportunity, just like all the previous lows, to push out the unnecessary noise and developments (like dumb NFT shit etc) keeping only the ones that have always been contributing to the fundamental strengths like network security, not to mention PoW security.

People are quietly realizing it, hence the 'lower' ATHs.

To be fair that also requires a bit of time spent here. I have seen it crash lower for 3 or 4 times now, this is fourth. So I can safely say that I have seen it crash 70%+ before many times and I know that it recovered every single time.

So I am not too worried about right now neither, because I know for a fact that even if it drops further than this, even if we see under 40k, I would still feel fine and keep on buying whenever I get my hands on some cash. Because I know it will be fine and will recover.

[Y3shot]

Everyday is a worst case scenario if you don't know how bitcoin works and how the market works, and if you don't know the reason why you are still investing in bitcoin. But if you have been here for long, witnessing the ups and downs of bitcoin, and how it was able to recover and managed to reach a new all time high, then you will understand that such threats will not work for bitcoin.

Bitcoin is built through a decentralized means, meaning he can be independent in every market scenario that it will face.

Those who don't understand Bitcoin always see the volatility of the market as a threat. They think the fall in the price of Bitcoin is not supposed to be there, but there is a reason why we have it, and only those who understand know its importance. If you don't understand Bitcoin, it seems terrible because there is no way you can make a profit from Bitcoin. The worst scenario about Bitcoin is not understanding it but hoping to make a profit from it. Bitcoin is a mindset, and you need to understand it to yield value from it.

[Odusko]

The worst case that's been mentioned will be altered once bitcoin goes back to $70k and that's likely to happen. The Iran and US is about to sign the peace deal, a real one and that's shown for the first reports to react with its price and goes back to $67k. More of this news comes to the next days and we might be back to $70k asap. Soon, all of these worst case scenarios that are mentioned will change one by one and let's hope for the best to come although it's not yet there.

Bitcoin going back to $70k price is not Worst case scenario but rather a good positive scenario, what I can say to be a worst State for Bitcoin is if th price crash down to $40k at that level we will have trillions in liquidations which can become a devastating incident for Bitcoin holders an trader's, so when you said 70k that is some good position an not a bad scenario at all.

[JoyMarsha]

The worst case scenario I visualize is finding out that quantum computers we learn of, was able to break into Bitcoin codes as early said by many. That alone would destroy people's confidence in trusting Bitcoin with their money.

Another worst case scenario is for another coin to appear that has close to the same features as Bitcoin like decentralization and security. It could decrease Bitcoin dominance in the market, for Bitcoin not to control the market

[JeffBrad12]

The worst case scenario I visualize is finding out that quantum computers we learn of, was able to break into Bitcoin codes as early said by many. That alone would destroy people's confidence in trusting Bitcoin with their money.

Another worst case scenario is for another coin to appear that has close to the same features as Bitcoin like decentralization and security. It could decrease Bitcoin dominance in the market, for Bitcoin not to control the market

Bitcoin code is fine, quantum computer target vulnerable cryptography not the code, valid concern since I'm also thinking about the same thing. The second problem you expressed is not likely to come to fruition because users don't like second best thing, especially investor. Rebuilding bitcoin's blockchain and mining power, plus making it more secure and decentralized ? sounds like something straight out of disneyland. Running bitcoin is heavy enough, bitcoin is already peak decentralization and security.

[shawonngp]

The realistic thing and downside here is not with bitcoin but it is within us.

When the price goes down, we're quick to think of what reaction should we do and what actions must be taken necessarily.

So, the worst case for the most is to sell when they're not ready with the fluctuation of what happens next to Bitcoin.

Look a price of Bitcoin in last 24 hours, it went down from 73k to 69.7k and many weak hands have sold there Bitcoins due to that decline. On the same line, there are people who knows that this is the right time to buy Bitcoin since price is down. We have seen in the past that price of Bitcoin goes up in the long run and dips are nothing to worry about. You need to just hodl your bitcoins during dips and once you develop that skills then you are deemed to get good profit from Bitcoin in the long run.   

BTC dumping more; current price is 63.5K. I think its price may drop further; most likely it will come below 60K. Because many BTC investors are panic-selling, it's temporarily in the worst condition, I think. I have some investment in BTC. I don't worry about its price because I'm investing for the long term, so I don't care whether it increases or decreases right now. I want to keep holding for at least 1-1.5 years. Then I will sell it at the right time, that is my plan. I believe the price will definitely increase going forward. So, for long-term holders, there is no reason to be upset about BTC's current price.

[justdimin]

Bitcoin has been doing well lately, but most people are only talking about the upside . I’m just thinking about the other side. What could go wrong from here?
For me, a worst case would be losing important support and seeing a bigger drop again, maybe if macro conditions get worse. I’m not saying it will happen, just trying to look at both sides.

I would say something above 55k, I do not see it going under 55k but it is not impossible. October is the month I am expecting it to be the bottom, so we are not at the bottom yet, we are going to keep testing resistance and support levels in between time. How much more or down? We can't possibly know, the direction is easy to predict because it happens all the time, but amount is not that easy to predict because it's really hard to predict exact price levels. So I can say that by October we will be lower than right now, but I can't say exactly by how much.

Right now, $60k holds very strongly so we could expect some firework in upcoming weeks toward $70k and then $78 again. Based on how easily it would penetrates $80k may decide whether the bottom was already tested or doing to make a new lower than previous lows.

[slaman29]

This is what you get in general when you have people purely speculating and never really took the time to understand fundamentals

I'm with you here, this is an opportunity, just like all the previous lows, to push out the unnecessary noise and developments (like dumb NFT shit etc) keeping only the ones that have always been contributing to the fundamental strengths like network security, not to mention PoW security.

People are quietly realizing it, hence the 'lower' ATHs.

To be fair that also requires a bit of time spent here. I have seen it crash lower for 3 or 4 times now, this is fourth. So I can safely say that I have seen it crash 70%+ before many times and I know that it recovered every single time.

So I am not too worried about right now neither, because I know for a fact that even if it drops further than this, even if we see under 40k, I would still feel fine and keep on buying whenever I get my hands on some cash. Because I know it will be fine and will recover.

Of course, you need to experience on entire cycle to really prove it to yourself (but you can learn from the past cycles that others went through) and once you've seen the old 85% crashes then 70% doesn't scare you at all.

In fact the past cycle even fell below the previous ATH so this happening now is not even the worst, so I'm totally fine with it going down even lower to 40k

[ndutndut]

What worse scenario could you want? Bitcoin has already weathered all of that and many people are even starting to worry about quantum computing. But that doesn't make Bitcoin bad, as it's always adaptable. If you look at Bitcoin history from its inception to the present, it has proven its resilience, even weathering a lot of bad news, even rumors of its demise and so on.

My point is if you don't understand Bitcoin mechanics and the dynamics of the market, every negative news or price correction feels like a doomsday scenario, just like you're worried about now. But if you've been following Bitcoin for years or studying its history of ups and downs, it actually makes you understand that Bitcoin will always recover and even hit a new ATH in the next cycle.

[Barikui1]

For me, a worst case would be losing important support and seeing a bigger drop again, maybe if macro conditions get worse. I’m not saying it will happen, just trying to look at both sides.

What do you think is a realistic downside from here?

Bitcoin having another significant drop from it current price now is not a worst case scenario to me because I believe that a large numbers of investors are still in it, but if it eventually drops to as low as $100 or below, that's is what i see as a worst case scenario because from there, their is a huge chances that it may regresses on, than going back upward, which will bring a serious shockwave in this digital space to the extent that investors will now be seeing it as a shit coin, but that's never going to happen because Bitcoin is here to stay.

[yudi09]

Bitcoin has been doing well lately, but most people are only talking about the upside . I’m just thinking about the other side. What could go wrong from here?
For me, a worst case would be losing important support and seeing a bigger drop again, maybe if macro conditions get worse. I’m not saying it will happen, just trying to look at both sides.

What do you think is a realistic downside from here?

No one can say what the worst-case scenario is right now because, as market prices decline, it’s about time—they’ve been hovering near their all-time high for a long time.
If I had to force myself to describe the worst-case scenario, I’d say it’s not being able to hold as much Bitcoin as I’d like given my current financial capacity at these market prices. Beyond that, I don’t think anything is truly bad—or if there is, I simply don’t have a way to anticipate such a negative scenario.