Recent Preditions about Bitcoin

[charlzyeby]

The meteoric rise in the price of bitcoin during last quarter of 2017 has attracted many to join the bandwagon. Conversely some financial analysts, economists and so on have predicted the fall of bitcoin ultimately. Will their predictions affect the price of bitcoin this year(in terms of scaring people away and thereby affecting the demand of the digital currency) ?  Nobel prize professor says bitcoin has an end  . Does Bitcoin have a lifespan ? Are these professors failing to grow with technology?

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[Slow death]

he said that bitcoin has an end, but this is very vague, when will this supposed end be and what had caused this supposed end? are things he can not say because he is guessing and not sure, let's say someone says: ok, if you believe so much that bitcoin has an end then bet your life and material goods. I doubt he would agree to make that bet

Are these professors failing to grow with technology?

depends, computer engineering professors, software engineering professors and IT professors accept the technology, some economics teachers are the ones who are more against bitcoin, because many of them are fans of gold, oil and banks.

[kpcian]

I think the world is getting afraid of this system day by day, On the other hand, A lot of people are becoming involved in this platform day by day and this system is getting accepted in many countries. it's true that the experts are saying that this blockchain system will not last long but in recent times, their prediction didn't match.

That's why I think Blockchain system is totally based on the virtual currency holders, not on the prediction of other people. so don't lose your hope and faith on this platform, keep attached to this system. I believe that Blockchain system will dominate in the money market in the future.

[xuan87]

Yes most of the expert has a pessimist vision for Bitcoin, one of the well known people said that Bitcoin is going to end bad, and some people compare with the tulip-mania, but I strongly against their opinion, I think Bitcoin is a new technology that can be used for easier transactions in the future, I think the one that against Bitcoin is not ready for the new things