Bitcoin Forum

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???

Don't listen to the banker, they are no expert in the field of crypto.

This market has very high volatility, bitcoin could dump anytime due to correction but it's not a bubble that will not recover.
Just look at the price history of bitcoin, many times it looks almost dead already but it almost bounces back when people starting to lose hope.

Remember, only a bubble would burst, bitcoin is not a bubble.

Well first of all you can take anything any "Bank" rep says about Bitcoin with a pinch of salt.

He is a bit behind in his criticism, The "not backed by anything" is a very old argument
which we have heard for years.

The general consensus is we are continuing with the Bear market and this last quarter of the
year will see an increase in Bitcoins value.

there wont be.

^
Believe on what he had said above that those banksters doesn't know everything about bitcoin and would just simply make out some sentiments which are totally non-sense.

Bitcoin is indeed not a bubble and there's no such thing about bursting or something like that.We are already too big in terms of community support and recognition which

it is just bullshit that other people would be saying up on things which they don't really have any idea on what it is.

Bitcoin is at a high level of adoption, today there is even talk of a possible ETF approval, paypal accepts bitcoin, there are many millionaires who are buying bitcoin, the cryptocurrency market is growing at a great pace. so don't worry because bitcoin won't disappear


some bankers speak ill of bitcoin because they either don't know about bitcoin or because they can't speak good bitcoin for fear of government reprisals where they live.

That does not even count as an analysis at all, look thanks to the Internet now everyone believes their opinion is worth gold when this is not the case, your opinion matters depending on what arguments you have behind it, many times in the past the argument that there is nothing behind bitcoin has been used to show why it will not exist for long, however if we are fair while using that argument then we could say the same about fiat currencies and yet they still exist, right? Besides bitcoin does not derive its value from it but from the Metcalfe’s law.

First, they are not in position to say something like that to bitcoin market. If you are a long time crypto user, what the banker said is meaningless. How can he tell the lifespan of bitcoin? Even with the FUD coming from China, it doesn't deter how the market performs these days. So I don't know the motive of the banker, maybe to discourage their customers not to get into crypto, because it is the supply and demand concept why btc has value, even if no tangible asset is backing it.

Overall, for me, that banker is just sharing his/her vision or opinion with Bitcoin, so we must respect it.
Because for me, Bitcoin and bank are kinda "enemy" or they are opposite because Bitcoin solving the traditional banking problems. So for sure, they somehow hate it. And I do believe that there are a lot of them out there who got the same opinion.

Lol, your source is a banker?

In any case, I don't think we are in the bubble, we haven't reach that 6 digits yet. But maybe when we are in the $100k or more, just maybe we might see the bubble being burst again. In any case though, lets see how far this bull run goes. Prediction are pointing to at least $135,000, so still we have two months to move the price and see how it goes early next year.

I would say that correction period had happened and looking at the price right now it is not really going any further down. That is a great deal for us, because in the end if the price is "going up" that means price should be going back to ATH soon. If it was a bear movement that would have caused bitcoin to go down more and more but it didn't happened which means it was a correction.

After all we have reached from 28 to 30k levels to as much as 58k right now and that is way too much of a money to continue to grow without any stops at all. Remember we have had a few corrections along the way as well, not like this is the first time we dropped a bit, but we have managed to grow bigger after each one so I assume the same thing will happen to price once again very soon.

Typical banker argument against bitcoin. But we have heard this kind of argument before, specially after the burst in 2018, but look at the current price, it goes x3 of the last all time high. Maybe he is right, it might burst anytime soon, but bitcoin has the resiliency to come back and recover.

So it's just a matter of timing, it's not like the tulip bubble wherein it didn't recover after it was burst. And that's why I don't find the analogy between bitcoin bubble and the tulip mania so convincing because it's a different scenario.

All cryptocurrencies will also be going below their ICO price if BTC will stop. It's amazing how a banker pops up such fud and then spreads it by word of mouth to customers. Of course, customers who know nothing will also believe it. They got to say what they need to prevent customers from going to crypto.

It would be funny to see the face of the banker when one day he meets someone in his office who counters what he is saying while the price is more than $100k.

Don't listen to the bankers, they have zero knowledge on how to work Bitcoin and what is the concept on it.  There's no way to discontinue, everything where depends on the people that adopting Bitcoin.  Due to the fixed supply Bitcoin have a price and it will continue to increase when there is a massive adoption and now, how come Bitcoin will NOT last long.

In fact, bankers are always afraid that Bitcoin is their biggest threat, it might destroy their banking finance system if everyone were putting their money in crypto as an investment and not on the bank.  I don't think Bitcoin will burst soon, it's not going to happen either, they are just a noob in the crypto field and they are throwing shit due to their ignorance of the system.

Bitcoin is far different from other cryptocurrencies, the real decentralized is Bitcoin.

You don't ask how to become a good person from a notorious criminal. In the same way that you don't ask an opinion of the future of Bitcoin from a bank representative. What do you expect to hear if you ask a Pepsi sales representative of his opinion about the taste of Coca-cola? You get what I mean?

But if Bitcoin is to fall, I guess the entire crypto is to fall. It may come back of course but it will take time, or something else will take over.

Generally those aren’t real bankers. They are only tellers. I don’t think you need much experience in the financial field to be a bank teller. You don’t know anything about the financial markets. I think that it’s against policy somewhere to give financial advice when you are not a financial analyst.

Someone can take their advice “short Bitcoin because bank teller said it’ll go to $0” and instead it goes to $200K and a law suit starts since they took their advice.

Not that I'm saying you should trust the banker, but why would you even trust us considering you also didn't trust the banker? Both parties are basically strangers to you so why bother asking really. Honestly I'd rather just do my own study about it instead of asking someone else. There will always be only one thing that would support the market's pump or dump, and it's simply supply and demand. You saying there's "nothing" backing it is like saying people who own it are nonexistent.

Really, I'd honestly suggest doing your own study first before even being confused since it seems like you got them mixed up.

About 4 years ago another bankster called bitcoin "fraud" and said it will die soon. Later it turned out that the same corrupt bank was buying bitcoin, the bank was called JP.Morgan.

Things don't have value because something or backing or supporting them. Things have a value because of their utility.
For example nobody is supporting a potato but it has a value, it can be fried into chips and consumed as food. As long as it has that utility it has a value which is decided by its supply and demand.

Isn't it contradictory? The argument is that nothing is backing it up, and yet the price continue to grow in the last 10 years? You just have to use your common sense with that argument. It's decentralisation is enough to say that there are a lot of people backing it up.


Bitcoin is already too big to fall at this point. And now matter what kind of FUD that is around, bitcoin will continue in the next 10 years.

If you keep listening to the bankers, I'm sure you'll lose what little money you have - instead of at least having a chance to be as financially independent as possible and protect yourself from inflation. Bankers just want to protect their business and make money on fees for transferring money, on fees for having a bank account, on fees for internet banking, on fees for SMS notifications, and who knows what else comes to their mind.

I don’t want to get into whether it’s ignorance or just trying to get people to give up investing in Bitcoin, but some bank clerk and his opinion are pretty irrelevant compared to what some country bank governors say. Their hope is that all this will one day fail, and they will then proudly take pictures and pose on TV in the style of "we told you it would happen", but as time goes on they all look more and more stupid - because no matter what they keep saying the same things, they start to look like parrots who keep repeating some words, but of course they don't understand what they are actually saying.

Do you prefer to listen to them or do your own research so you know the truth? People who do not like bitcoin will do many things to influence others and tell them to stay away from crypto. If you know what bitcoin is and how bitcoin can benefit you, you will leave them with their opinions and not listen to them. You will see later if bitcoin is dead so soon or bitcoin will have a longer time and will grow and popular in the future. Those people will regret not investing in bitcoin while they can have time to do that.

Yes! It already has burst. What we're seeing now are the random ups that are part of a stronger and more sustained downtrend. We will definitely be finishing the year with lower prices than now. Guaranteed, proven, confirmed.

I cannot believe that bankers are still trying to wage a war against crypto, it is obvious that they are going to realize that they can't beat crypto and will eventually have it. The next logical step in the world would be banks turning into crypto exchanges and wallets. Sure it is not legally possible in nearly every nation so far except a few, but it will happen. In that case we will not have binance or anything like that, we would just turn our fiat into crypto in our bank account.

Right now, I have a bank account that I login from my mobile app and then turn any fiat into another fiat, have euro? buy dollars with it. That exact same thing will happen with crypto as well. They probably won't have all cryptos, but it will start with bitcoin only and move to have like 50+ coins in the future. We just need time, wait and see on how that will happen.

There’s a higher chance for this and I’m not being negative here but the trend looks like we are heading to the bottom again. We failed to reach $60k this time and its not correcting without any sign of pump. We are on a sideways trend again and we all know that everything is possible to happen so its better to be prepared for the worst case scenario.

Some random crypto coins paired on btc has been affected much of its current price, but not all of them cherished the best moment. There's still struggling and until now it wasn't doing well, and while bitcoin burst at nearly $60k this week altcoins market has been so silent specially those with huge market expectations. If it will be doing good until the end of this year, $100k is our best projected value.

As a curious watcher of the Bitcoin 4-year fractal, I know I'd feel a bit uneasy holding a ton of Bitcoin around Christmas time without having cashed some out in early December when historically the market has peaked and then seen crushing negative returns for the next year or two.  I wouldn't be surprised to see a $200K Bitcoin in December of 2021, and then a $40K Bitcoin in early 2022 as the market capitulates after being spurred by profit taking.  It is almost to be expected at this point.  I'd recommend people tune out the daily manmade drama surrounding Bitcoin and focus on the math and the patterns.   

It is not an analysis but it's a mere opinion of the banker. Why would you guys listen to someone who probably owns not any amount of bitcoin?

Listen to the people who have been holding it for years and have made a decent life through bitcoin. Bitcoin is here to stay so whether it burst or not, in the long run it will stay at the top and will show results that they'll regret missing of not buying it.

People who say like that or opinions that say that Bitcoin will be like that... those are certain parties or people who are still the opposite of Bitcoin, who have not fully recognized the advantages of Bitcoin and its role which is increasingly being attracted by more people over the advantages from its characteristics.
Don't pay too much attention to that statement, actually in fact.. Bitcoin has the potential to have a good role for humans and can improve financial conditions.

Lol you may be saying what is possible but do you have prove for this or a chart and graph to make your analysis. Or you are just making a speculation from the threads of possible downward for bitcoin by the end of the year? Bitcoin last year 2020 wasn't expected to ride high but it happened on the contrary to the believe of many who speculated down and sold out. ;D

I don't think so, on the contrary when many want Bitcoin the price will continue to soar because Bitcoin has a limited amount.
currently the popularity of bitcoin is very high because the price is very high and also several world figures introduced it to the public so that a lot of news reported it, so as far as I know today many people who support bitcoin even one country El Salvador has used Bitcoin.

There'll be difference of opinion between the cryptocurrency analysts, bankers, stock market advisors. It is our responsibility to do our research, and invest than getting suggestions. If you find it isn't right then just move on. Recently I heard an interview from a stock market advisor. He mentioned Bitcoin will burst in no time, so don't invest in it. For the same comments flew mentioning he doesn't want the common man to be rich.

At the moment BTC is at a critical point, I think that the BTC bulls should be studying how the market can behave if it is feasible or not to make the bullish turn, there is some uncertainty, because the BTC has lost more than one 6.6%, which is not so bad, but it should not drop below $ 50k, in fact if a liquidity pool is established at $ 53k it could take a bullish jump, this according to this article:

Bitcoin Must Hold Critical Support to Hit New Highs


Source: https://cryptobriefing.com/bitcoin-must-hold-critical-support-to-hit-new-highs/?utm_source=main_feed&utm_medium=rss (https://cryptobriefing.com/bitcoin-must-hold-critical-support-to-hit-new-highs/?utm_source=main_feed&utm_medium=rss)

I'm not very good at technical analysis, but what they say here regarding a good fundamental analysis has a lot of coherence and it is very likely that the scenario could be given.

Is the chase bank representative not aware that Bitcoin has stayed more than 10years?
Right from the onset, the banking industry is never in support of cryptocurrency. They are finding every means to spread fallacy against Bitcoin ever since her creation. But still, yet, they are unable to achieve that. This is what the bankers always do ''discouraging individuals that want to divert their assets to crypto not to". This time around(the banking sector) it's too late for them to be able to convince people of where not to invest their money into cos the awareness of Bitcoin has spread all over the globe.
Bankers now understand that if they keep, keeping mute about Bitcoin, Bitcoin will replace the banking sector in the future for saving up people's assets. So they are now much scared of digital currency than ever

Bitcoin is always been the tend maker and i dont really believe that in these years there would be some bubble burst? COnsidering the current condition of adoption then i could say that this is entirely different compared into
those earlier years here on crypto.We arent still on the same level just like on what before thats why im bit confident that we wouldnt really see any crashes but well everything could be possible to happen thats why
we shouldnt really be that confident or anticipate much but somehow we could do all sorts of movements and actions which would really be giving us out on some advantage.

We'll actually don't know yet until it comes. Everything is surprising you know...
We have some analysis before that Bitcoin will just die but despite all those negative things, we even survive from it and we are already more than a decade of its existence. This means that it remains unpredictable, it might burst or not, but for now, it wasn't on my mind, I'm still optimistic for the future of Bitcoin. And this continuous adoption that we see brings such huge change.

If its any comfort they didnt expect bitcoin to last a decade ago or five years or a few years ago.   Its called the wall of worry I think where an asset rises despite the great fears of some and of course there is ongoing risks but markets dont do what particular people want.  Market momentum has a mind of its own that isnt bound to control by any one view.  If China big as it is cant knock back BTC then not much can and they feared that resilience.

From what I can see BTC is adjusting normally as it often does, it can pullback for sure but this is regular price action compared to how its behaved in the past also.   I'm not seeing any great danger or instability occurring that would give some forewarning of greater troubles.   I dont think this asset is for widows and orphans funds, its highly speculative still but that was always true in being a positive and negative.


Wrong place to be for anyone who needed guaranteed returns, maybe thats all this bank clerk was trying to stress in the best way.

You can't use that analogy here. First of all "wall of worry" is about a "WALL" of worry not just some newbies worrying. And secondly it has to be reasonable worry. For example it was reasonable to expect Amazon stocks to tank because the company was losing billions per week due to COVID19. But it is not reasonable to worry about bitcoin just because someone repeated an old FUD and used keywords such as "China" and "ban". What we have in bitcoin market is the unreasonable worry by a very small percentage of the market usually known as "weak hands".

I expect you to provide me with your paper guarantees, so I can use them to wipe my ass.

To the OP: the bank guy is not your friend. He instead of seeing in you a person a mathematical operation that consists of getting the most profit out of your accounts. The banker-client relationship changed a long time ago. In the internet age, inform yourself and don't listen to the bank guy.

There will be no effect at all.
First, because that person isn't Elon Musk or any other big names in financial industry.
Second, he's just a bank representative and banks was one of the early Bitcoin haters.
Third, Bitcoin has become more and more trusted each and every year passed.
Fourth, Bitcoin might be far from it's peak.
Fifth, as long as the last piece of Bitcoin is mined, the price would always climb and that's very evident from the last 10 years.

Nevertheless, that statement coming from a bank rep means nothing at all.

You sound like you are concerning about the whole idea of bitcoin and not just about the current on-going bull run (but your subject-line is).

Bitcoin is backed by our investments and its central authorities are you and me hence it will get continuous support from one or other person. Do not call bitcoin is not having any proper reserve and central-power but it has distributed reserve and distributed governing system. So, basically bitcoin is as stronger as any stock or bond to invest with. It means you never need to worry about "bursting out".

If other cryptocurrencies are having their own potentials then it may keep growing otherwise will simply follow the paths of bitcoin; for example, litecoin is kind of that.

they are people who do not understand the flow of the bitcoin cycle and are among those who are afraid of losing their fiat money. so he assumed that this bitcoin would be destroyed and no longer exist against bitcoin. but consciously unconscious bitcoin will be the best asset in the future.

This is the common answer from a person who don't know much about bitcoin or don't invest in it, or a banker like that. They are saying this because they have to say otherwise their job will no last long. Because if they atleast convince people for some days then Banking System will atleast last little bit long. And also I am pretty sure that the banker who told it also invested in Bitcoin but can not say publicly lol.

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.

Good examples, those which are on the banking industry do not really have the best opinion of bitcoin and I cannot blame them, if a new technology put at risk my financial future then it is likely I would not like the technology either, in fact this has happened many times through history, people earn their living in a certain way and then someone invents a technology that can make the same job in a more efficient way and then those people lose their jobs as a results of this new technology, so when we take that into account it is not really surprising to see why bankers hate bitcoin so much.

It had burst for how many times already where reaching ATH and then suddenly goes down or did crash but it wont really last for a decade if this was created for some dump and pump scheme and if we do consider out

on how far we do able to reach on then this is something that we could called a shit thing.Its been existing for a decade now and we've seen on how far it did able to reach out.

The support of the community is way too high and the demand is there thats why we could really presume out that it isnt something that will easily fall down.

I like how these banks go to great lengths to make sure that whatever their employees say will not constitute financial advice - and there is this particular person offering up their advice regarding Bitcoin.

At every single junction, bitcoin has been doubted and top-callers have come in.

Fact of the matter is that adoption is going to continue to drive growth, and bitcoin is just going to get more scarce as time goes on. Just because growth has been crazy over the past few years doesn't mean that it's unjustified or a bubble.

they're are still blind how bitcoin really works nowadays because they don't believe in such technology ever since before wherein they're only relying which is really helpful and useful for them.. Well we cannot blame them, i mean just be thankful that we didn't miss this kind of assets where we can really make good returns. I believe it's not for everyone and only believer can get benefits from it.  So let them choose what they want. ;D

This is important, whenever we see an important growth in the markets those that are always looking for an excuse to not recommend bitcoin to the people say that this is a bubble, but do we know of any bubble that has lasted as long as bitcoin has lasted and that it has grown so much during the same period? The growth we are seeing is not the result of a bubble but a growth that comes from adoption, but obviously bankers are never going to recognize this as it plays against them.

Bitcoin is the most well known cryptocurrency that's why Bitcoin can easily bring other crypto up and down, it is only a game of fandom, that's why no other cryptocurrencies can surpass the Bitcoin in the market.

Impossible to say when its trending up above the 2 day average (https://talkimg.com/images/2023/06/12/AYrdd.png) so consistently.  The best thing to do is not fight the trend along the way but wait until its definitely no longer in play, so far price has been resolving upwards every time.

It is not even the period that it lasted, it is the idea that it supports. I understand that "tulip" bubble made no sense, why they believed a flower should worth that much is beyond me, hell they still care about tulips a lot over there in Netherlands for some weird reason.

Mortgage bubble was literally people who are getting houses with the money they do not have, and remortgage their own houses that they literally own so that they could buy other stuff and so forth, basically it was obvious from start that banks literally gave loans to people that can't pay it back, I could go on, most bubbles do not make any sense at all. Whereas in bitcoin (can't say for every single crypto) we have something that is a currency, a currency that allows people to literally do whatever they want with it, and it is valued high because it is fair and decentralized.

I dont think that we will see a Bitcoin burst any time soon.  Truly speculation but as a Bitcoin Bull its how my mind thinks.

It is also important to not look read into too much what people who work at banks think because most of them dont like Bitcoin in the first place.

I see Bitcoin demand continues to increase, I also analyze Bitcoin price movements are quite stable above $60k. Then Bitcoin managed to reach
new ATH about 18 hours ago to the price of $66k, this is enough to prove Bitcoin will not burst anytime soon. I also agree to ignore any opinion of
the people who work at the bank, they just don't like seeing the price of Bitcoin keep moving up. I am even now very optimistic that the target of
$100k can be achieved by the end of this year, so I won't be selling my Bitcoin anytime soon.

It is not a proof that it will not be crashing, it could always crash even after reaching to a new all time high, that is not really something important that says something, not the crash at least. Remember we reached 64k and then we were under 30k for a while there, that shows you the proof that even at ATH we could stil crash that we will end up with something low.

I do not believe that it is going to happen this time around, I believe that we are going to see higher and higher prices and we are going to be ending something like 100k eventually, I believe that 100k+ is not a hard thing for us to reach and there is a good case about how to reach those levels if we could basically not have any big and increasing short future buyers, that case we could maybe have a crash but without that and everyone is a long term right now we are going to be great in the future.

Okay, but just look around and see on the internet, you can find and tell your wife that she is wrong. They got manipulated by their boss as their business might be shutdown and she was also afraid to lose her job if people will no longer use their services. If they are just being open-minded and accept the said market development, they will see that Bitcoin is growing and continue to grow in the future.

Honestly, we can't hear any good from the banks as these institutions are the leading haters of Bitcoin since before. They are afraid to lose their existence but as we can see, it was not going to happen and much more if they adopt the system as well.

If you believe that the chance of bouncing back after small corrections will be earlier, buying now and hold is good to do.
After hitting another new time high, the price of Bitcoin fall with the range of 4-6%.
Things that anticipated by traders who works within the daily basis, they are aware that situation like this will take place and
they are ready to buy when the market is dipping and sell when it bounces back to collect profits.

Burst is something in related with some crash or something like that but if we do talk about correction or price decrease then this is just a typical or casual event that do happen in the market
and we are already seeing it on which after Bitcoin hit up new all time high then it do make out some small correction. Possible path? No one knows on whats next.
Burst is something unlikely to happen considering the level of support or demand of bitcoin then you could say that we wont really be heading
that down again.

If we are talking about "burst" as in completely get destroyed? Then we will never see that, bitcoin is way too powerful to be gone like that, I am pretty sure that rich people in the world alone could keep it above 10k at this point, there are nations involved now, El Salvador is the most known one but there are many nations that invest into companies that invest into bitcoin so nations are indirectly investing into crypto as well. All that money can keep it above 10k forever from now on.

However if we are talking about burst as in price crash then it could happen any time, it is not a secret that we sometimes drop in price. We should be used to something like that and not really get worried about it, hell I would be happy about it since I would be able to buy a lot more this time around and I would be able to profit whenever it gets back to these prices.

It is true that there is no 100% guarantee that the price of Bitcoin will not crash, but at least looking at the current situation and conditions that
more and more parties support Bitcoin. That is what gives rise to the belief that Bitcoin will not crash once it reaches new ATH, even Elon Musk
seems to be starting to support Bitcoin to go up to $69k. And I believe more and more rich people are starting to be interested in investing
in Bitcoin, after this year Bitcoin managed to reach new ATH twice. At least positive thinking makes me more excited to continue collecting Bitcoin,
even though I know the risk is very big. Because I had already prepared a plan in case the worst happened.

The adoption is indeed different and increasing as day goes by.
And along with known personalities hyping this up, it will further boost its price.
If more and more countries will show their support to crypto, there's no doubt, we will see the price going up high.
But don't estimate too much, just be conservative so you will not be disappointed if the situation you are expecting is not happening.
And the likelihood that it will surpass the recently ATH price is really possible. Maybe next months to come.

True. El Salvador is a good example of how banks can become manipulative when their personal interests are manaced. They start spreading lies and fear among most uneducated people while sponsoring protests against bitcoin to give the impression the population is mad at the idea of adopting a crypto currency.

Notably many of the so called experts who say bitcoin is going to die soon (once again) are connected to banks, as they belong to the mainstream financial sector. So they create the narratives that are shared by another people who are also benefited by the banking industry, like the employee mentioned in OP.

Bitcoin already last long it is first traded on year 2009-2010 and we are now at year 2021 and it is still alive, if we are going to look at the price now we can say that we are too late because if we buy it on 2009 and hold till this time we will maybe a billionaire today, No one can predict the price the people who has a big patience is always a winner on crypto see the past price and simply compair it with the present price and you will see how important patience is.

Well for that scenario maybe we can say that we are late knowing how huge the figures right now compare to that year 2009 but since bitcoin already a good crypto and became more reliable currency then maybe the word late right now is not applicable since we can still earn more from it as there are so many opportunity where we can earn especially on its volatility, That's why people should remember that they need to learn how to execute their TA's and know when to buy since most of the people get FOMO once they see bitcoin rising up and miss the opportunity to buy when bitcoin is at the dip.

Thinking about the past maybe not good since we cannot get those back although provably those people who bought became millionaire or even billionaire but the question here is does anyone from that timeline still hold their bitcoin up till today?.

Bitcoin is moving sideways after creating ATH, sentiment corrections are creating stimulant.  I think we almost get rid of the price fomos like in the first quarter under the influence of Tesla and Elon Musk to recover and get rid of the big shadow of China.  I think it's enough to make people believe that it is better to put in bitcoin, unless the market makers make this cycle longer and more certain.  November is very promising to create a real “boom”!

I believe Taproot will be bigger than what was available with ETH 2.0.  Lol

Yeah, the overall trend must be too bullish and if you have noticed that bitcoin will trade within a range for a while just before a big bullish rally. Honestly I have never seen bitcoin trading too stable but have seen sideways. Right now, I am seeing bitcoin is getting ready for another round of rally which might take bitcoin into a new heights like $80 to $85k levels.

Just begin? You mean after 50% downfall from April's ATH? I do see that correction as a part of bullish trend hence in my opinion that we are in middle of bullish rally. So, what OP is mentioning may not happen in near future.

In the long run, No, bitcoin will never burst but in the short term we can see 60 - 80% correction in a bear market. If anyone is investing in bitcoin for long term, he should know that this will not a straight move up. Many times if you follow the price closely, you will feel that this might be end of bitcoin, but you will always see that bitcoin recovers after every price retracement.

As per the ongoing market situation the price could retest reaching close around $55000. The medium test zone looks to be around $57000 and the long term trend line support will be around $53000. Upon this market burst won't happen. More and more cryptocurrency adoption by leading companies makes positive move in the market. Maybe the downturn support testing could cause a FOMO.

First of all you cannot let your financial future to be determined by something someone you know heard when other people were having a conversation, we must remember that just because someone has some credentials which say they know what they are talking about this is not necessarily true.

We must always judge what it is being said based on rational arguments and not on the authority or credentials behind the person, bitcoin will keep existing because what gives bitcoin value is not a bunch of gold stored on the middle of nowhere, which by the way fiat does not work like that either, but the fact that is a network which is not controlled by the governments and it is money that cannot be printed in a whim, unlike fiat, so even if we do not have the credentials those people have, we are right because the sound arguments are on our side, so stop caring about what people say about bitcoin if it is not grounded on the reality of the situation.

Although the price of Bitcoin has started to drop its current price to $58k, which might make some people panic. I still believe Bitcoin will rise again
and there is even a possibility of creating the next new ATH. Because, as I said, seeing Bitcoin's support increase this year, I have no doubts about
the future of Bitcoin. So I took advantage of the current Bitcoin price drop to buy more Bitcoin, because actually Bitcoin could go up in price much
higher, but correction is needed. This may only be understood by people who already understand how Bitcoin works. So why do I also always keep
saying that first study Bitcoin properly, before deciding to invest in Bitcoin. That is so that we can take the right decisions and not panic when we see
the very volatile movement of Bitcoin.

We are now in the $58k zone, and so we might test another lows before the end of this month. Nevertheless, the market looks still bullish long term or at least the remaining 2 months. It is because of the anticipated run to $100k. So in the next 2 months we have x2 growth then we might be as well into that 6 digits and maybe we can see another FOMO run starting next month as we are also waiting for Taproot, which is the propose "upgrade".

$58,000 looks to be a solid support. The price has been trying to fall down below that since yesterday and yet it seems it is strong enough to prevent that. So I guess $58,000 is already the bottom. I think this is just one of those ordinary corrections in a bull season. There will be a rebound in the next few hours.

The Taproot activation is scheduled in block 709,632. That would be around middle of November. I think that is not enough to cause a FOMO. I even think that by then the price of Bitcoin is already above $70,000.

We are already in november and usually in december bitcoin will explode at least 2x from the current month, maybe this is an exaggeration but i am optimistic when i see the number of global companies and world millionaires who invest in bitcoin so bitcoin can explode at any time.

I don't agree with this statement. I think the price of bitcoin continues to grow because bitcoin enthusiasts are growing and are also supported by a limited number of bitcoin supplies. I do not understand what is meant by bitcoin will not last long in this thread because until now bitcoin and cryptocurrencies continue to grow. I often come across this kind of FUD and I think this is a natural thing to happen in the crypto world.

OP, if you have done your research on bitcoin, then you don't have to be affected like that. People with no knowledge about bitcoin will certainly say things that are not true and we should not take it seriously as we are knowledgeable than them. And saying that bitcoin is a bubble, its definitely not. Bitcoin has been here for past a decade and if its  a bubble from the start, it would have been burst out when it was still starting. So never gets affected with any FUD that will only make you confused on bitcoin. As long as you know the truth, then continue trusting bitcoin more than anyone else.

First the post you quoted is not the OP's post so I don't think your response is relevant enough to what the OP actually meant.

So far we all know that bank and bitcoin have sentiment that are evident from their comment about bitcoin, so I firmly believe that no banker will support bitcoin as a legal currency used by their community around the world. So when a banker make an analysis of bitcoin whether it's about his future potential then it is very clearly seen as a campaign of resistance between the two because basically bitcoin transaction do not require special authorities like banks. They won't support it, so they seem to really hate it.

I'm sure the market will explode in the near future, today the price has gone up more than 2% and the price is approaching $63k, I'm sure in November the price will reach new ATH at the level of $75k, and this is preparation to see the price explode again in december which will reach at least $100k.

But we still do not have the right prediction of when the price will increase shortly. We are now in November but the price still does not show good movement and it is up and down many times. If in this middle of the month the price can increase and back to $65k, maybe that can give a chance to bitcoin to still increase and maybe that can surpass the next ATH. So we need to have more patience to wait for the right time for bitcoin increases.

Explode in the sense that there would be correction but doesnt mean that there would be some crash just like on what happened in the past.
Now that we are having that high recognition then we might really be seeing a strong market which dont really crash that easily.
Bursting is something  that plausible back in the past but we arent not the same anymore as of this moment.
Correction is inevitable but doesnt mean that we would go to the bottom.

How long have you been here in crypto? yet listening to banking world?

Tell your wife never ever try to take serious words from banks because there are in chase to bring cryptocurrency down and in their desperation nothing that will comes from their mouth but to put down the cryptos.

Bitcoin is just starting and you will see the benefits once this reached half of the worlds population and that adoption will change the world forever.

Ok good so it's about the second of the week this month. For sure as we approaches the Taproot activation, we will see a massive spike on the price. Maybe we can see $70k and then will FOMO up to $80k or even more.

So there's no time yet for bitcoin to burst the bubble. Everyone is expected a good price right around December which is at least 6 digits figure. And that's what we all have been waiting for, and then continue it's run to the first quarter of 2022.

Much as I don't think highly of banking and bankers, or anyone in that line of work in general, I'm not sure I'd be telling people to chuck their advice away in favour of 99% of crypto experts, influencers, all due to respect to you guys here of course. I think the forum's got good heads, more than anywhere I've been... but even together they're a painfully tiny minority who won't be seen or heard in the ocean of shockingly misinformed loudies everywhere else online.

That is the truth, isn't it? I mean we are all in crypto but the reality is that we are seeing how crypto could become something that is only an alternative to what we have and not the main thing. If anyone tells you to do that, then ask them how they are paying everything with crypto without ever using any fiat.

Majority of the world do not have that option which means that we can't really live like that at all. I personally believe that we should be in crypto as much as possible, but that "as much as possible" is not a lot right now, it is quite low number. Which is why I believe that we will probably just use it for investment, that is how people have approached so far and that will continue for a long time.

Lasting and longer lasting are two different types.
Bitcoin will not last means it will not be traded or seen in the digital world, long lasting belongs to its price.


Btc grows in value but don't you know that it has a limited finite supply that cannot be altered? Is the banker crazy while thinking that nothing backs btc? Are institutional powers nothing?


This will not happen by any means, because btc and crypto will be here for decades and if that happens for btc, there will be another cryptocurrency which will take over btc but not all of them will burst in their values.

The end of the year like now will make the market very busy, I often trade on Pancakeswap and many new tokens are very promising and of course this will have an impact on the market in general and bitcoin is the coin that has the most chance to be the first to burst which usually happens in december.