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?
There are lots of people who took advantage of Bitcoin ignorance and scam lots of investors already. Regardless, Bitcoin is always been highly volatile so its price will be always on a swing. People will get used to it and several institution will also come in to take advantage of Bitcoin price volatility. Participation of these institution will help Bitcoin to settle its footing in terms of price value. So in the future, we can see less volatile Bitcoin.