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Author Topic: Nearly a third of people think bitcoin will collapse in the next six months  (Read 1456 times)
InBTC4years
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November 19, 2017, 10:34:09 PM
 #81

Ha - who cares what a 1/3 of people in any survey say, especially when they are being asked about a topic they know very little about. I think most of the world has still never even heard of bitcoin. I think most of the US still has not heard of it, and if they have, they don't know enough to be a good source of price prediction.
eth9888
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November 19, 2017, 10:39:35 PM
 #82

This is actually good news. When general public 100% believes that bitcoin will rise, bitcoin will in reality collapse.
A real healthy bull market is one in which bullish and bearish views are nothing more than 70/30 split all the time.

Halcyon Days
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November 19, 2017, 10:45:54 PM
 #83

This only proofs, that BTC is not accpeted by the population and main media yet. Even though there is so much development, positive news and many banks are starting to jump on to the BTC train, 30% of the people, who are not aware of BTC yet, are thinking that BTC will fail. This is btw not too bad, as 50% are still positive about BTC.
This just means, that BTC is on the rise and let's see, what the outcome of the same questionnaire will be in one or two years from now.

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farhaan
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November 19, 2017, 11:54:49 PM
Last edit: November 20, 2017, 12:12:57 AM by farhaan
 #84

See,we need not blindly rely on such researches.We could not even come to a conclusion with the search result just conducted in one country.We have already come across lots of such predictions earlier.Just they try their best to convey the message not to invest in bitcoins.Bitcoin has traveled much forward and it is no more in need of such researches for its existence.Bitcoin has proved its potential a hundred times and the question is whether you want to join the ride or just stay away from bitcoin with anxiety.

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bitcoinmaniac52
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November 20, 2017, 12:01:24 AM
 #85

If nearly a third of people think Bitcoin will collapse in the next six months, then a third of people think they can jump to the mooon! LOL

Actually now that I said that, it wasn't even meant to be a cryptocurrency related pun... my point is just how hard would it be to jump to the moon? (impossible) hehehe



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BlueStackz
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November 23, 2017, 07:38:34 AM
 #86

I think while many people may just heard about bitcoin, it is not yet very clear to general public how to invest in bitcoin, not because the process is vulnerable to hacking, but also due to very unclear information on buying, trading and storing them. However, with recent media coverage, more and more people will get into it, and we may see many real applications, then the fear around it will reduce and more and more people will get into it.
It is totally wrong. I do not agree with this because more and more people are investing in bitcoin and the value and market cap of bitcoin is increasing day by day, how is it possible that bitcoin will collapse in the next six months. It is the statements of the rivals of bitcoin and those people do not want bitcoin to be the world only acceptable and usable currency in the near future, but I think that bitcoin will be the mainstream in the future.
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