Nearly a third of people think bitcoin will collapse in the next six months

[Shamie1002]

The research is just based on a specific country which will make false conclusion because bitcoin is used worldwide. In general, it may have different results or maybe opposite.
Because in my opinion, many do trust bitcoin.
Frauds are causing new adaptors and not the old users.
But the point that trust is a big issue on the subject because more or less new investors and adaptors are important in the industry. New supporters will definitely have an effect in bitcoins price. If new adaptors see that bitcoin is not worth to invest then like what happened before other alts will attract them which may be not safe.

[GreenBits]

We can't blame them, I mean bitcoin is volatile, the price changes every time. What will work here is the your skill in predicting what may happen and your knowledge to think what will people do in a certain period of time. If bitcoin will collapse in the next 6 months, then I think it must had collapsed earlier.

I think its telling that such a high percentage of folks think that we will suffer a major correction, especially since so many people in this space are downright ignorant. the popular sentiment seems to be that we are in a bubble at the moment, but inside and outside the sphere. since consensus is pretty much the whole of this, once people think this is the case it is so. self fufilling prophecy (spelling).

but from a personal perspective, the recent correction should demonstrate how ephemeral this years gains have been. this is purely speculative at this point,

buyer beware.

[kumar jabodah]

Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a third of people think it will collapse in the next six months. Bitcoin's price, which is famous for its volatility, climbed to record highs of more than $7,000 in recent weeks.




A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.

Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.

Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.


http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months

We do not blame them. Because they have little knowledge in crypto especially in bitcoisns. And the other is that they have no experience in such situations. They really will have difficulty understanding it. But when they last and their prophecies do not come true. They are likely to be cleared of what's happening. I also feel that way I am always converting into dollars. When I was new in the crypto.

[ir.yance]

Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a third of people think it will collapse in the next six months. Bitcoin's price, which is famous for its volatility, climbed to record highs of more than $7,000 in recent weeks.

A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.

Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.

Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.


http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months

we can not guess where this bitcoin will collapse because this bitcoin is in demand by everyone, I think bitcoin can not we guess when it will collapse or crumble

[Herbert2020]

these fake statistics have always been true and in 100% of cases they are always wrong.

if you think about this logically you can simply figure out why it is wrong.
about 80-90% of the people around the world don't know what bitcoin is or have only heard it in passing and have no more information about it.
even if we say these surveys were given to those knowing what bitcoin is, we can simply see that majority of the people who know what bitcoin is and have invested in it, still are not familiar with bitcoin and its market. you can see how many get confused as soon as there is a dip or a rise and start panicking.

[Rinder]

Wonder how many from those people does really knows whats is bitcoin, understand it and have any crypto currencie, know already the results is i had heard about and should collapse soon. Call me ceptic but those people are replying with limited information, since countries are trying to keep bitcoin into the dark, otherwise they will follow Japan, and looks like the most countries arent ready yet. How many economist said it were a bubble at 1100 dollars and well different moment of bitcoin history, crypto supporters has raised a lot, and bitcoin is getting more volatil this days.

[Agostosmori]

Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a third of people think it will collapse in the next six months. Bitcoin's price, which is famous for its volatility, climbed to record highs of more than $7,000 in recent weeks.

A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.

Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.

Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.


http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months

We can't avoid this kind of news to be released from time to time, aside from it being a fud, it is really hard to trust something that has a boost on price of 700% in less than a year. Most people are seeing this as a manipulation on prices but they will invest on bitcoin eventually and without noticing it they are being part of the crypto currency community.

[partysumo]

Why should it? While every metric is pointing upward, and the trust in the currency is still here, why should bitcoin implode?

[Lannie25]

we can't say that hahaha no one can predict will happen on bitcoin after a few months because there a huge people want to use bitcoin
then bitcoin will be more active than before

[Karakyli]

Such interviews of people on the street are important. They show a real picture of the knowledge of ordinary people about the crypto currency and its relation to it. Of course, to their judgment that the crypto currency will collapse in the next six months should be treated skeptically. This only shows that ordinary citizens do not understand the nature of the crypto currency, because it is completely different from the currency and the money that they know. It will just take a long time before the citizens' opinions about the Crypto currency will change.

[patt0]

The "common people" don't really have a good knowledge on finances and investment, and since bitcoin is on the road to become digital gold, those results look perfectly normal to me. I think that if the questions were, "do you invest or plan to invest in stock markets?", "or do you think investing in stock markets is safe?", the results would probably be quite similar. The "common people" will only accept bitcoin, if it ever gets useful to them as a form of payment. So if they see it in amazon, or they are offered the option to pay in bitcoin for all kind of stuff, from goods to school tuition, then they will trust in it.

[lepricoin]

every day the bitcoin community grows, but this does not mean that the number of people who are versed in the crypto currency is growing, so why should you believe people who do not understand this.

[Clement Kaliyar]

The studies that are conducted are not concrete and mostly they are looking at peoples opinion and there is no fact to back their findings rather than saying it would collapse in a six months which is really hard to believe ,i am not sure how the things would be a couple of years from now,but i am sure it wont crash in six months time.

[andron8383]

****
Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.
***

this is free market people are buyn and selling BTC . Whole space got a lot investment money . I wondew what  will that bring good to crypto after all.
Where you have pump then you will have dump too BTC ike gold have its ups and donwns but till it is not big as gold it can clib easy.

[ene1980]

There has being a lot of speculation from the people who missed the boat and there is nothing they can do expect spread fake news and scare new investors and that is the only reason i see in here,the market is going strong and there are talks about bitcoin derivatives and how can it collapse withing six months.

[Randian Hero]

I strongly believe in Bitcoin. It's not going to collapse. If the price goes down someday, it will raise up soon. Because Bitcoin is getting implemented in more and more places.

[felicita]

since bitcoin was starting allways someone is pushing bad news to dump the prize and shop some bitcoins
i think we will have a great year for bitcoin in 2018 !
if prize goes a bid down someone is buying bitcoins soon




kind regards

[RodeoX]

A strong majority of the world population believes in the existence of a God. Despite the utter and complete lack of any evidence whatsoever, people still believe. But so what? 100 years ago your doctor might have laughed at the new "germ theory" of disease. believing instead that your humors needed balancing.

I think I'll carry on believing in what I can prove.

[bitbunnny]

What is the structure of “third of people”? I would say those are newbies in Bitcoin without experience and without knowledge about the market. If they can’t get the profit they want in the short period they want they think Bitcoin will collapse. Troubles and price dumps that appear doesn’t mean Bitcoin will vanish, they are normal part of Bitcoin cycle.

[iamTom123]

We can't blame them, I mean bitcoin is volatile, the price changes every time. What will work here is the your skill in predicting what may happen and your knowledge to think what will people do in a certain period of time. If bitcoin will collapse in the next 6 months, then I think it must had collapsed earlier.

That means that Bitcoin has not actually penetrated the bigger portion of our society yet because people are still entertaining sometimes baseless concepts on Bitcoin and they are maybe basing their opinion on what they heard and see in the mainstream media and only a few took the time to seriously study cryptocurrency. At any rate, this can be a big challenge for the whole Bitcoin community to help in the spread of correct information and details about Bitcoin. What is clear right now is that perceptions --whether right or wrong -- by the many have no bearing on the accelerating price of Bitcoin. As I am making this reply, Bitcoin officially entered the vicinity of $8,000 and if there would be no corrections at this stage it can be poised and prepared in its $8,300 - $8,500 journey.