Bitcoin's future prospects could be better than the current one, but will the price continue down when it rises?
What is the probability of a bitcoin collapse? It is extremely likely that someone will attempt to take advantage of people's ignorance of the true nature of bitcoin.
If bitcoin's price continues to rise, people will soon be unable to ignore it; it will be perceived as the 'gold standard' for currency.
What are your thoughts?
Low probability.
Again. 6-7k USD is the lowest that I can see which bitcoin will take and no lesser than that.
This time is already the proof of it. The retaliation of bitcoin to be pulled down even with all the FUD that had been spread and the competition from the hype of altcoins.
They say altcoins will soon be pumped and if that does happen then bitcoin could fall afterwards since there maybe FOMO's that will sell bitcoin in exchange for the hyped altcoins. But I doubt that will really happen.