To be Fair I think bitcoin will go highest highs and then will collapse

[cryptoboss2020]

To be Fair and honest

Btc will go highest high and then will collapse!
Becouse bitcoin dont have much of utility its expensive to exchange in to fiat currency.
Slow confirmations.

But there is solution: xrp is solution Low fees and Fast transactions.

I give maximum life time for btc 2 years then it will collapse, reason is simple expensive fees and slow confirmations.

[satonako]

Scarcity and high demand will keep bitcoin for a long time. XRP is mainly different purpose coin.

[ABCbits]

OP, where did you obtain the template of your post? I'll fix it while i'm here.

Code:

To be fair and honest,

[Cryptocurrency X] will reach all time high (ATH) price and then will collapse, because [Cryptocurrency X]
* [Disadvantage 1]
* [Disadvantage ...]
* [Disadvantage N]

But there is solution, [Cryptocurrency Y] which have [Advantage 1] and [Advantage 2]. I guarantee remaining life for [Cryptocurrency X] is [M years] before it collapse.

An example,

Code:

To be fair and honest,

XRP will reach all time high (ATH) price and then will collapse, because XRP
* Have transaction fees
* Relative slow confirmation
* Is centralized

But there is solution, BANANO which have feeless and instant transaction. I guarantee remaining life for XRP is 2 years before it collapse.

[Cnut237]

bitcoin dont have much of utility [...] But there is solution: xrp

XRP has a fundamentally different use case.

Whilst bitcoin's ultimate use case is still to be determined, it seems reasonable to assume it will be a store-of-value, and a safe haven asset. Bitcoin has none of the deficiencies of fiat. Its rival here is gold. Bitcoin improves on gold, as has been covered many times.

Whereas XRP is for fast, cheap, international transfers. XRP does excel at what it does, XRP (and Ripple tech) provides a great solution for that particular problem, but this is a limited use case that has very little overlap with bitcoin.

The reason you think bitcoin has no utility is because you are looking in the wrong direction. It doesn't try to be XRP. It doesn't need to try.

[Renampun]

collapse is a sentence for the layman, we usually call it 'market correction'...
Since you are in the crypto world please use the word 'market correction' for any asset that is experiencing a price decline when the bulls are high. 'market corrections' are natural. btw, I don't like centralized coins like ripple.

[BrewMaster]

you are correct. back in 2017 price went from start of $150 to $20,000 then collapsed to $3200 then back to $20000 again.

in 2021 we will have the same thing too. the price will go from the start of $3200 to $500,000 then collapses to $100,000 then recovers to $500k again.

But there is solution: xrp is solution Low fees and Fast transactions.

you can keep dreaming that this centralized shitcoin that has nothing to offer except a hyped up fork pump could even be considered by anyone for payment let alone thrive

[CODE200]

Expectation of such is due to what happened before also in line with the definition of volatility.
Since when the market price reached its ATH then suddenly fall, it is no longer surprising that many people are still having ideas of what could happen next once the price surpass its ATH. Effect of this thoughts are investors selling immediately once things meets the reality of having such market price. But it does makes sense since we cannot predict what could happen next, given how fast things could change in this market behavior. So actions of such is a matter of securing your profit or still "gambling" your luck for more.

[Ozero]

Cryptocurrency is evolving cynically.  Therefore, after a significant and long-term price growth, there will always be a time of price correction and decline.  However, the cryptocurrency does not return for the same price value.  Otherwise it would be a circular motion.  Also, the time and level of price growth is not repeated.  Therefore, it is quite possible that bitcoin and the entire cryptocurrency market will grow for several months, and the price correction will be insignificant.  As a result, the price of bitcoin will be well above $ 20,000.

[Twentyonepaylots]

I can agree, as much as I can think of what people will do to their bitcoin when it reaches its peak. Bitcoin is seen as an investment for many people, usually new to crypto space coz that's the way they perceive it and that is most of people in the crypto space introduce it to them. Bitcoin price will decline once it reaches the peak, let's say around $23K, early next year will be a bloodbath coz people will sell their bitcoins after gaining 2x or 3x, just my conclusion.

[theskillzdatklls]

If you really have this opinion, then go make money off of this opinion. Long the upswing, short the downswing. You don't need to tell us or the community.

If you aren't willing to risk at least some capital on your opinion, then it's not a very good opinion.

[CLS63]

I don't think that Bitcoin will collapse so easily. Because there is a high demand for Bitcoin. As long as the demand doesn't go down hugely, I think there is no chance that Bitcoin can collapse. In fact, Bitcoin can be one of the last cryptocurrencies to collapse that easy.

[Baskeyairdrop]

The crypto market cannot be easily predicted and Bitcoin is one. Because of the increase in Bitcoin, there is high demand and a lot of investors are investing more in btc. I believe it would fall drastically eventually after this bull run period.

[cryptolab70]

I don't believe there will be a big drop in prices this time.  Bitcoin is rising at its normal pace.  This time, maybe Bitcoin will rise above $20000, breaking the record of 2017.  It is certain that it will not be stable after the price goes up.  But it is also certain that there will be no major drop in prices this time.  This is my own prediction, this time Bitcoin will go up to $21000, then go down to $17000.  And then there will be real bets, Bitcoin will cross $28000. Because we have seen in the past when Bitcoin crossed $19000 in 2017, right after that the price of Bitcoin started to go down.  At least it stopped at $3500.  Then now notice the price of Bitcoin has touched about $20000.

[cryptogod322]

It's true about slow and expensive transfers, but I don't think Bitcoin will collapse because of this. Everyone has known this for a long time, but it still continues to grow. Bitcoin is the main coin in cryptocurrency and it will live for a very long time.

[taufik0911]

It's true about slow and expensive transfers, but I don't think Bitcoin will collapse because of this. Everyone has known this for a long time, but it still continues to grow. Bitcoin is the main coin in cryptocurrency and it will live for a very long time.

That's right, I don't think Bitcoin will collapse within 2 years, because there are still many considerations about bitcoin collapses
although confirmation in bitcoin is slow but bitcoin has many advantages besides that don't forget that technology will not stop to develop
who knows next year a platform will be created that can speed up transactions and minimize bitcoin transaction fees

[Lorence.xD]

you are correct. back in 2017 price went from start of $150 to $20,000 then collapsed to $3200 then back to $20000 again.

in 2021 we will have the same thing too. the price will go from the start of $3200 to $500,000 then collapses to $100,000 then recovers to $500k again.

If the valley pattern will be replicated then that can only mean that everyone can just hold their coin and wait for the next valley replication. I hope that each iteration of the valley, the price of bitcoin will not be the same as the all time high of the latter valley, someday and hopefully we will reach that amount.

[GeorgeJohn]

To be Fair and honest

Btc will go highest high and then will collapse!
Becouse bitcoin dont have much of utility its expensive to exchange in to fiat currency.
Slow confirmations.

But there is solution: xrp is solution Low fees and Fast transactions.

I give maximum life time for btc 2 years then it will collapse, reason is simple expensive fees and slow confirmations.

I just want to concentrated on these point that is emphasising on bitcoin collapse, for bitcoin to go up does not mean that it will collapse because in 2017 bitcoin get $20k in values, so since 2017 till now has it collapsed the answer is No, when saying collapse do you mean in price or btc generally will collapse.

If it's in price its obvious that it can collapse as you said, because it's increments in price never remains constant at period of time, but via btc in generally, I don't think it's acceptable.

[davis196]

There will be a price correction after the Bitcoin price reaches a new ATH,but Bitcoin won't collapse for sure.
OP,you are late with all the whining about the high transaction fees and slow confirmation time.The BTC blockchain is in way better condition now,compared with the last few weeks.
Ripple is growing only because the entire cryptocurrency market is growing.I can't find anything special and innovative about this altcoin and there's no reason why Ripple would beat Bitcoin.

[Wexnident]

Who died and made you the boss? Heck nevermind, even the boss has in no way the right to determine the life span of Bitcoin. Bitcoin has, for a decade already, have had issues with fees as well as transaction speed, and yet nothing close to it disappearing has happened. Just goes to show that its advantages outweigh the disadvantages it currently has, and heck afaik lightning network is already in development to combat the problem with transaction speed. Not to mention that its core feature, which is decentralization, defeats every other type of currency out there no matter how they introduce theirs as a "decentralized" coin.

And a price correction or your so-called collapse is always a thing, always has been. I'm pretty sure everyone does. Who expects a coin, or any other investment at that, to just keep on going and increasing it's price right?

[SquallLeonhart]

At first I thought you were saying this in reference of the price that has been going up, because as for that, it’s definitely going down after reaching a new high price, although this time around the price is going to be higher than what we had the previous time. Then if you’re saying that Bitcoin will fall for good, as in being replaced by another cryptocurrency, I won’t agree with that one, well for now and forever.

Why I said that is because I don’t think any other cryptocurrency can replace it for now, maybe in the distant future one will come out, but not now and not anytime soon.