My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin, how does this effect the other forms of cryptocurrencies???
Bitcoin is not something that "bursts" because it is always a thing that people love to use and that's what I believe will happen in the near future as well. We should not be focusing on something that would not be profitable for us. Considering bitcoin as something that may burst is something that will hurt our money and not profit us, there are many people who short bitcoin because they believe that the price will go down. I mean I understand that there are situations where bitcoin goes down but that is a rarer situation and you are not going to hit each of them on the nail and make a good profit, you will be wrong most of the time and end up losing money.