Bitcoin's future prospects

[buwaytress]

In my opinion, bitcoin will still tend to continue its movement within that range before showing a more significant movement. The strong sentiment which is seen as going to be the driving force of bitcoin prices going forward, as well as triggering the increase in BTC, namely, macroeconomic factors. The heating up of trade war issues and the perception that there will be a continuation of the crisis in the near future, has the opportunity to push prices back uphill.
That way, for the long term up to the next three years, see the opportunity for BTC to rise to around US $ 80,000.

Macroeconomic factors, if they have any influence on Bitcoin, will actually result in less trading volume, less demand, and less accumulation. For the short term anyway.

Think about it. If you're in the middle of an economic crisis, or worse still, your country's economy is collapsing, what's your priority? Finding a job, and if employment's out, you're thinking of putting food on the table and paying bills.

So you dip into cash reserves, you withdraw all your savings, and you liquidate whatever assets you can. Fast. Buying bitcoin? Last thing on your mind, my friend.

[1714222585]

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[1714222585]

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[Febo]

What is the probability of a bitcoin collapse?

There was, is and will always be a chance for that. But that chance is smaller every day that pass. Ten years ago was huge. Eight years ago a bit smaller. Five years ago was not that huge anymore. Tomorrow and ten years from now will be less then right now.

[stomachgrowls]

What is the probability of a bitcoin collapse?

There was, is and will always be a chance for that. But that chance is smaller every day that pass. Ten years ago was huge. Eight years ago a bit smaller. Five years ago was not that huge anymore. Tomorrow and ten years from now will be less then right now.

Probability does become smaller as the years passed with Bitcoin.Establishing itself throughout the years wont really be that simple.

Even those early adopters didn't even expect that it cant widthstand the harsh condition of this very centralized world but it did really succeed and still running
as of this moment which signifies that this one cant really be easily taken down.There would always be a probability on anything but we can already picture out on just
basing on its current performance.

[Naida_BR]

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?

After 10 years of being alive, Bitcoin is fully decentralized and it not possible for anyone to take advantage of it.
There are possibilities of ignorant people getting scammed due to their ignorance, but this should not be blamed to Bitcoin. It is up to investors how much educated would be or not...

[Oceat]

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?

After 10 years of being alive, Bitcoin is fully decentralized and it not possible for anyone to take advantage of it.
There are possibilities of ignorant people getting scammed due to their ignorance, but this should not be blamed to Bitcoin. It is up to investors how much educated would be or not...

Bitcoin is growing faster and faster each year the more it introduces to people the more it will grow with those future investors.

I think before you invest your money you have to know first what are you investing, not just putting your money because someone said so. And I think it's a must, although a lot of people are still falling to these kind of trap where someone tells them that you can earn money if you invest on this and that.

It is common actually in Ponzi schemes that a lot of people will fall for that. Investment requires knowledge of what you are going to invest.

[Wysi]

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?

After 10 years of being alive, Bitcoin is fully decentralized and it not possible for anyone to take advantage of it.
There are possibilities of ignorant people getting scammed due to their ignorance, but this should not be blamed to Bitcoin. It is up to investors how much educated would be or not...

There is a lot which has happened in these last 10 years as bitcoin back then hardly had nay big investor but now it has too many investors who hold good proportion of bitcoin and can cause the fluctuations by playing with the bitcoin they hold and this was not the case before ten years and yes bitcoin is fully decentralized like it had been from day one but back in those days the value of bitcoin was not controlled by few elites who do it now. A lot of things have changed and not sure where the market will lead down the line in next 10 years.

[jets567]

I strongly believe that Bitcoin collapsing is unlikely to happen based on its achievement since the day it was created. As of now only a small portion of population around the world knows about Bitcoin but still manage to survive as digital currency for a decade and the government cannot deny its existence that is why they are trying to enforce some regulations to protect the users, which means that they recognized Bitcoin but they are not yet ready for full acceptance.

[teosanru]

Future of Bitcoin is bright like sunshine. A digital currency based on blockchain with great anonymity and almost zero risk of theft. What do you personally feel about the prospects of such a great currency? Even if not in the current form I am damn sure BTC will have some long ranging prospects in a more refined and swift form. The only problem as of now is slow transaction speed and high costs if we are able to overcome this hurdle then sky is the limit and there is nothing in between.

[J1mb0]

Bitcoin is the king of the cryptocurrency market, if it dies then the entire market will die. But I think that Bitcoin will not die because BTC has a large community and cryptocurrencies are becoming more and more popular in the world.

[serjent05]

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.

[ecnalubma]

Bitcoin is the better alternative of Gold, I believe the continuous demand will drive its price upward and will slowly grow from time to time Imagine that we have a new lows every year so we can expect its growth positively. If this is a bubble probably it will be the longest bubble in the history, but its unlike to happen like that for sure because bitcoin is not trash and it has purpose.

[MI6]

Bitcoin is the better alternative of Gold, I believe the continuous demand will drive its price upward and will slowly grow from time to time Imagine that we have a new lows every year so we can expect its growth positively. If this is a bubble probably it will be the longest bubble in the history, but its unlike to happen like that for sure because bitcoin is not trash and it has purpose.

Of course yes, not only alternative. If people can get best advantage from bitcoin, they will prefer to choose bitcoin more than gold. Gold is said by people, the price tends to go up, but will need time. If people want to pick bitcoin, with it's volatile they wouldn't need to wait longer if they make investment in gold.

[BitHodler]

So you dip into cash reserves, you withdraw all your savings, and you liquidate whatever assets you can. Fast. Buying bitcoin? Last thing on your mind, my friend.

Exactly. I find it quite disturbing how people regardless of what scenario of economical difficulty you throw at them, they always find a way to make Bitcoin come out as a winner to the point where the price reaches an insane level.

Even more disturbing is the fact that I have seen a lot people here hope that we will go through a global recession, all because they (absolutely wrongly) think that Bitcoin will be the safe haven people will flee to.

If there is a global recession every single asset will be sold off to pay bills, put food on the table, and so on.... even gold will end up being sold down brutally because it is just one of the many speculative assets that people hold in their portfolio.

[ashmodeus]

Bitcoin's future prospects could be better than the current one,

in theory, yes.

but will the price continue down when it rises?

well , it depend how market going on , it all depends on the market player.

What is the probability of a bitcoin collapse?

i have no idea.

It is extremely likely that someone will attempt to take advantage of people's ignorance of the true nature of bitcoin.

the true nature of bitcoin as far i know is a electronic cash system,with peer to peer transaction system.
now u look like paranoid asking question like this.

[rachmat5893]

Bitcoin doesn't recover and things get worse. At present, and there is still a possibility that prices will continue to decline. Statistics show that Bitcoin investors are the party that loses the most during this bearish market. Losses suffered by investors not only affect them financially, but also emotionally. Imagine, a new investor enters the market when the price is as high as $ 19,500, but then sells his Bitcoin when the price has fallen to as low as $ 3,500. This can have a serious psychological effect on someone.

[gandame]

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?

If bitcoin will collapse many are getting happy because they can buy cheap bitcoin. But maybe some they makr a panic selling to there bitcoin.

If the price are continues rising investor of bitcoin will be happy because they can sell there bitcoin and get a good profit.

[huu78]

What I think is that the future of Crypto will go up in the future? That we know the price of Bitcoin or altcoin that goes down because many scammers are widespread in the Crypto.
They make such a real thing to convince investors to buy the coins they create and eventually their project dies.
That is why many investors are afraid to support new altcoins and more keep Bitcoins safer from risk.