Quote from: danherbias07 on October 15, 2019, 02:57:08 AM

Quote from: marshall2020 on October 06, 2019, 09:50:41 PM

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.

Anything can happen and we cant really able to pinpoint on where would prices would only stop because anytime it can break out expectations just like what happened on 3k price where we didn't even expect for it to happen since we already past up 20k mark and going those lows are somewhat hard to believe on but it did happen eventually which this proves out that nothing is certain.Talking about altcoins bull run? Its hard to believe that those good old days will happen on these upcoming years knowing that lots of people get wrecked with those times.Confidence on investing to crypto
would already have some hindrance or hesitations which isn't similar as before.