Bitcoin's future prospects

[marshall2020]

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?

[AverageGlabella]

As long as there is demand for Bitcoin you won't see a complete collapse unless there is a major exploit which becomes irreversible which is extremely unlikely due to the active development that goes into Bitcoin and the ability of miners to fork off to another chain even if its only temporary a complete economical collapse is just as likely in Bitcoin as it is in fiat currencies.

[finaleshot2016]

Bitcoin is for long term, don't make assumptions that it will have its downfall because market is just doing its purpose to make all assets like a signal, sine wave. The probability of bitcoin to be collapsed is when the whole internet crashed, that's the only thing I foresee to make bitcoin a huge downfall.

Regarding to gold standard, actually it's happening right now that's why you can see topics or threads that ask what will you choose, is it gold or bitcoin? Some people will always choose gold as the typical and common thing to invest since it's a physical thing you know that will stay longer. We don't know yet if bitcoin will really stay since it's digital and we're hoping that we wouldn't go back in the stone age.

That someone who's trying to take advantage of bitcoin is Craig Wright, people think he's the legitimate satoshi even though he doesn't give any valid evidences that he's the real satoshi. I'm tired of him already...

[Astvile]

Bitcoins' future prospects I think will be better than what we are experiencing right now, the possible growth of bitcoin is unexpected and the adoption that may happen in the future may give life for bitcoin. The possibility of bitcoin collapse is really big to be real, it's system can be at risk at any moment from any attack even from hackers or the government itself.

[Reosta_]

I think Bitcoin is one of the strongest cryptocurrencies in this market and it is very hard to collapse. The number of people who use Bitcoin and the number of places Bitcoin can be used continue to increase.

[samcrypto]

 The volatility will continue at no specific price level of bitcoin, we need the adoption even if the price of bitcoin is down for us to survive. We have to educate people that a cheaper bitcoin means more profit after the bear trend and that is the best for them. The future of bitcoin is still good, we will see an expensive price of many cryptos.

[dimastegar]

We know that the future prospects of Bitcoin will be good. As a trader we could be worried if BTC goes down in price. But we as people who hold Bitcoin understand that the function of Bitcoin is more than just investment. But as a revolution the way people do transactions with one another without being organized or centralized, which we call Desentralized.

[Ailmand]

Bitcoin is an innovative currency which had brought a lot of convenience, opportunities and changed the way how we transact and transfer money instantly. Bitcoin will be here until the future and it will soom be part of financial system along with blockchain technology. So, it is less likely to colapse or disappear.

[minersday]

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?

You need to understand that, the drop in the market value of bitcoin is not directly proportional to the collapse of the entire bitcoin market and space. The frequent change in the value of Bitcoin is due to the fact of the decentralized nature of its platform base on the fact that, the prices can be determine on the demand and supply ratio of its market.  And there is no way the price of bitcoin will go beyond $7k. The price will hit $15k in the first quarter of november 2019... 

[Murat]

I think Bitcoin is going to be stronger than ever in the future, Day by day It's getting accepted and credible around the blockchain system's network, with the change of time, Bitcoin will get more prosperous even people are coming to this platform at a high rate, not only that but also cryptocurrency is becoming a popular form of trading and investment purpose, So As a father of Blockchain, Bitcoin is playing a major role in this platform, I believe that Bitcoin will also have a great influence until the end of the crypto platform, most of the traders of this platform are more or less depends on the Bitcoin's price and eventually, Bitcoin price is the vital indicator of this platform, there is no potential replacement of Bitcoin yet, so it must be said that Bitcoin is going to play more influential part in the future.

[timerland]

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?

I reckon that it'll be pretty unlikely for another big BTC crash to happen again, unless there is a huge price pump before that happens, because in the current state, prices won't be dropping any further then below 7,000.

After a couple more years, we'll see a lot more adoption with BTC, and every day it's already happening with the boatload of services that are currently being provided to us.

Big things in the next 10 years, especially with governments paying a lot of attention to this tech and trying to replicate it.

[Wexnident]

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?

I doubt bitcoin would collapse as long as people have demands for it and someone continues to supply it. Coins only collpase when they lose all types of monetsry value attached to them. And yes, naturally, the more its price increases, the more people will want to know about it because it has already become a notion of making a "quick buck" for those ignorant people, resulting in more and more scams and lies happening. Of course, of people actually researched about it more, that would be a good thing not only for them but also for the community.

[CryptoBry]

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?

I think the ongoing pullback has been the reason why some are questioning the future of Bitcoin and there are those who are even entertaining the idea that it can be collapsing soon! How sad...but anyway this is an open market so anyone can announce anything negative or positive on Bitcoin. At least, it can also be entertaining complete with fear and thrill while holding on to our Bitcoin and any cryptocurrency for that matter.

First, I think the idea of collapse is already beyond question after the colorful 10-year history of Bitcoin. This recent dip is nothing compared to the many "crashes" that Bitcoin encountered. Bitcoin in the past has had been issued the death certificate many times over but here we are still seeing it and enjoying the many benefits as traders, holders and just enthusiasts of the prime coin.

Second, the adoption of Bitcoin should not be based on the price or value alone and this is where we need to educate the people. Bitcoin is much more than its current dollar value as it is representing the paradigm shift especially in the world of finance and banking. When people will begin to broaden their perceptions on Bitcoin, there is the big chance that adoption by the general population can be a lot easier.

When you said that "someone will attempt to take advantage of people's ignorance of the true nature of bitcoin" are you perhaps referring to the many ponzi scams which are perpetrated by genius but evil people just using the name of Bitcoin for their own gains? I think this is a big problem in this industry but if we look closely Bitcoin has nothing to do with them, actually, otherwise it can like saying that US Dollar is also a scam just because a scam program is accepting the dollar as the medium of exchange, right?

Right now, there is no basis to question the future of Bitcoin. The dip is a normal occurrence as reflection of its volatile nature; am sure this is not the first nor the last for that matter so just be ready for the roller-coaster ride with Bitcoin.

[pooya87]

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.

your problem like many others is thinking that bitcoin is one thing: price

when the fact is that whether people ignore bitcoin or not has nothing to do with its price. price rises and falls only attracts one type of people and that is day traders who are interested in fiat not bitcoin and want to use bitcoin to earn fiat.
the funny thing is that the price drops attracts these people nearly the same as price rise does! because day traders make their profit either way.

[Darooghe]

I would to having bitcoin as part of my investments, some years are amazing and some are total frustrating, but it's not going away. the reason Bitcoin shot to $20,000 was because of the promoted gossip on the street. Not because it has any real value at all, but because suddenly more people heard rumors and gossip and bought. It didn't matter what they bought, What happens though was that the world heard of this new thing, and wanted some, suddenly there was a demand, and the price went through the roof. because the people suddenly wanted it, that's the actual value. The demand is the value. If suddenly nobody wants bitcoin anymore, then it becomes worthless.

I absolutely love Bitcoin because it's not actually about money or currency at all. It's about technology, that was then altered to make it profitable. It didn't need to be a currency at all. It could just have been a cool technology, but someone specifically made it about money for a reason. All of those things are gone now.

[Darker45]

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?

The probability of Bitcoin collapse at this level is 0.0001%. The online world as well as the entire electrical industry will have to collapse first before Bitcoin will.

Taking advantage of people's ignorance regarding Bitcoin is more of a problem yesterday than today. It may remain a problem today but the solution is now very easy and accessible for everyone. Unlike before, the internet is now full of informative articles, videos, and other materials about Bitcoin. And people are clearly educating themselves through that. In 2018, "What is Bitcoin" is ranked as a top search in Google^[1]. That is one indication that they are hungry for more knowledge about it.

Bitcoin is already the "gold standard" for currency. There is no other currency in the fiat world that appreciates in value. Every single one is depreciating.

[1] https://www.ccn.com/what-is-bitcoin-ranked-among-top-google-searches-in-2018/

[Shasha80]

No need to worry about current market conditions, while bitcoin is down however everyone agrees that bitcoin future
always bright and will gain big profit if we hold. So if bitcoin prices become low will be not panic for bitcoin investors.
While investors who are holding bitcoin too will make a purchase again if the price of bitcoin is getting down from now.
Now all of us just waiting with patience for resurrection of the king of crypto.Indeed not secret anymore that many
big  investors receive profits from beginners who do not know the character of bitcoin, the big investors has a lot of capital to
buy bitcoin at cheap prices, so my advice please stay keep it your bitcon until the price rise up again. So don't cutloss your bitcoin.

[BitcoinHunt3r]

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 me i will just follow the flow, i mean i actually believe bitcoin price can be very good in future. But if something happen and price really drop, so we must change to another investment. We must ready to face it, but if want to keep support bitcoin, it is everyone's choice.

[herurist]

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 me i will just follow the flow, i mean i actually believe bitcoin price can be very good in future. But if something happen and price really drop, so we must change to another investment. We must ready to face it, but if want to keep support bitcoin, it is everyone's choice.

I will continue to support because in my opinion the value of bitcoin will continue to rise in the future. Many people choose to invest in bitcoin right now because of low prices, but they are waiting for bitcoin in the long run.

[carter34]

What are your thoughts?

Bitcoin is not going to collapse. I have read some post like this for like one and half years now and bitcoin is over nine years and still growing in population. We are now expecting a halving, this is going to likely push price more.