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

[Rengga Jati]

So, it is like what will happen in 2017 - 2018.
After the price reaches its high price, the supply may be higher than its demand, and then the price goes down and down and probably will be in the bearish time again. It is like the condition where we may be worried about the exact price after its high price. But, will the price really followed and also repeat events in the past?
If there are many more fears of the collapse and then making it as for dumping price after reaching ti ATH, it will be. But, now, I believe that many more holders and people have learned about what happened in the past. In this case, we must be more ready to wait and also face any kind of condition and probabilities. We are sure to have better condition after its bullish time right now.

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[suzanne5223]

But, will the price really followed and also repeat events in the past?

Yes and if you check out the historical record of Bitcoin market price, you'll see that after new ATH price is achieved the next occasion market correction which will literally lead to blood bath.

But, now, I believe that many more holders and people have learned about what happened in the past. In this case, we must be more ready to wait and also face any kind of condition and probabilities.

People are aware of the past procedure of the market but no one know the precise time when the correction will happen after ATH is achieved and the best thing to do after ATH is follow the whales movement.

[shata]

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.

You might forget something. As of today, hedge fund managers example Paul Tudor had Bitcoin as part of their investment portfolios, not because of what is it or even Bitcoin is faster in transaction but the community that supports it, these geniuses believes too that this can be a great hedge for FIAT especially in this Pandemic. As some point, even cash is KING, these cash loses value because of the government who keeps on printing money to support businesses and its citizen. Though the point there is to help, it cannot be denied that it will have an effect to their economy.

XRP is an alternative token, remember that. It means alternative of bitcoin. Every coin other than bitcoin is called altcoin because it BITCOIN itself is not perfect. The fact that its price is high because there are people who believed in it, and these people are BUYERS. BUYERS and SELLERS are the one that moved the market. Since bitcoin price is higher at the moment, it means that there are buyers will to buy bitcoin at certain prices.

[carlfebz2]

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.

We cant deny that Bitcoin does have its flaws but doesnt mean that you can totally predict on when and how long it would last.Always consider the entire community whom do supporting it and
it wont really be staying up on the chain if majority of people do seeing negativity with those things that you had mentioned.

Its already been a decade but still its on top rank which does signify that nothing beats out the king or Father of all crypto. Collapse is there of course yet its part of the market movement
but doesnt mean that it would go to the floor.

Nothing is assured when it comes to future but we do saw on whats the potential of bitcoin in terms of future years to come basing up into its actually utility.
It might be have some flaws but it is already enough.

[gabbie2010]

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.

It will be fair if you can tell us the highest high you are talking about and the level of the crash you forsee. It is not good to thrash a thing because you feel the need to make a post. If we view it closely by the way, 2 years is enough for anyone to expect a correction. And if it eventually happens it is nothing bad because nothing goes up forever.

In the aftermath of the last collapse of bitcoin after attaining ATH in 2017 shoud have been used to justify your theory or speculation however despite the odd bitcoin rally up again even in this period of pandemic remained unscathed thus I don't believe in any speculative analysis of 2 years life span of bitcoin, meanwhile scalability issues of bitcoin will be well addressed and solved thus facilitating faster processing of transactions and improved Lightning Network will also take care huge fees paid on transactions thus all those theories put forward by you wouldn't hold water.  

[MusaMohamed]

Why XRP though? People saying here that XRP has a different use case. What use case is that?? What i see is that it claims partnerships with banks. Why would banks rely on a centralized, third party to hold and transact value for them when they themselves are centralized, third parties making billions from the same hustle?

Governments will force banks to use national centralized digital currency for bank transfers and they won't allow banks under their control to use any third party cryptocurrency for bank transfers. If governments choose digital means for bank transfers, it will be the ones are built by governments.

[GUIDE] All About Central Bank Digital Currency (CBDC)

And if XRP is to be used for cheap payments, why not just Stellar Lumens (who gave it that name by the way) or any of the other 1000 coins claiming 10,000 TPS with their non-secure and easily manipulated versions of PoS?

People love XRP from its crazy run in 2017 and 2018 (my memory says in that run, people were blinded with news on bank developments, partnerships with XRP in Japan). XRP is loved because its fast transaction speed and cheap fee. You are right that those characteristics don't make XRP is unique in crypto. TRON and TRC20 chain can give cheaper transaction fee than XRP.

[naomi-the-cat]

Another xrp shill thread, nothing interesting. Of course we will see dump after new ATH sooner or later but this will not kill btc

[kentrolla]

Seems bit logical because we are experiencing this from the last couple of years we can take 2017 bullrun as a reference, similarly we can expect the same this year too as BTC has already surpassed it's ATH we can look for further movement. Right now the market is slow from few weeks and I believe it will slowly recover in few days and bounce back stronger than before. Later on we can see how the Market reacts after January 2021.

[MCobian]

I agree that when Bitcoin reaches its highest price, it usually collapses. This is sure to happen and after that the Bitcoin price
will soon recover again. What happened in 2017 could be repeated in 2020, therefore we must be vigilant. If the price of Bitcoin
goes up, we can immediately take profit, then when the price drops we can buy again.
 

[Yamifoud]

To be Fair and honest

I hope you will...

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

Definitely, I will not be going to say that.
Besides, people are still not believing crypto at the start, they'll always think negatively and it only sinks. But look, where we are now today? No, you can't simply think that Bitcoin will collapse within two years but instead of seeing it to soar high and so the demand.

Expensive fees and slow confirmation? This never happens always and we already knew that since before. So this is not the reason if ever Bitcoin will collapse.

[Warkop]

I think Bitcoin will never collapse, because Bitcoin has a lot of strong communities, to hold Bitcoin in order to survive, but if that will happen in the next 2 years then Bitcoin is correcting. for the problem of bitcoin transactions it is very slow because of the many confirmation requests, but if that happens you should use the Alternative route to exchange Bitcoin to Altcoins then exchange to fiat using Altcoin XRP or others so that your transactions are cheap and can be confirmed quickly by miners.

[dizzy1996]

This is possible, but I think bitcoin will not collapse for the next 10 years, since the level of investment in bitcoin is quite large and colossal funds will be required to bring down its rate, and not everyone will be able to do this, especially since bitcoin is now at the peak of its demand and few people will want to just dump it

[Traderbtcc]

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.

Collapse?
Not everyone think as you though, I don't see bitcoin collapsing anytime soon or even in the future, rather I see it breaking more highs as time goes on, also about the utility part I know bitcoin is not the fastest in terms of transactions, but I think the usage of bitcoin depends on the user, recently bitcoin is been used as a store of value,that's why you see  alot of companies buying huge amount of it , as it is referred to as the digital gold,some people use as an investment tool also, so the utility has gone beyond just transferring money from one place to another.

[jahepahit]

If you mean price correction by collapse then its expected. If bitcoin collapse then all coins will also undergo the same. These are normal things to occur as we have always experienced but not because of the conformation issues or fees. Currently there are many developments to solve all these core problems which sooner or later it will be achieved. Xrp is not an alternative replacement or solution to replace bitcoin whether for fast or slow confirmation and fees.

[thesmallgod]

Fees are getting high and the network is getting sluggish. It is becoming insane to pay over $10 for transferring $30 which is the reason why I believe collapse is imminent. However, just like in the past, it is more likely traders move on to some other random altcoin and pump them up as usual. If we witness a sudden fall in the price of the bitcoin today, I am very sure the ATH has been set for 2020. Nobody could predict btc will reach above 20k in the year 2020 despite the pandemic and growing news about crypto regulations that spring around the countries. The current trend might also result in repeated pattern in term of sudden fall that happened in the past

[cryptoboss2020]

I correct myself I have new information now.


The Bitcoin only will crash to get coins out of weak hands. 

[carlisle1]

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.

then after couple of week? this is what you saying now?

Bitcoin will stay and its not just about money its a new Technology future the banks have to accept bitcoin or they simply will be out of Business.

Also i think  that many alt coins will not survive but i think ethereum will stay together with bitcoin and stellar and neo are strong ones too.

But im sure the bitcoin will be not some wild imagination out law but will be here for long and banks will accept bitcoin and will finally say Yes bitcoin is good and ready to go to the masses.
Becouse the technology is so great

We don't need to be certain in every words we say mate ,Better DIG DEEPER first before giving a concrete terminologies because this market and forum is a serious matter.

I correct myself I have new information now.


The Bitcoin only will crash to get coins out of weak hands. 

Good that you now change your point of Views ,I salute people who accepts mistakes ..Better Luck this thread now since you have changed your Views now to Stop more convo in a things you already changed.

[Sithara007]

Each cryptocurrency has different roles and characteristics. And I believe XRP won't be able to replace BTC, at least in trust.
XRP is centralized, run by financial sharks, it will never be as anonymous as BTC
Xem

Ideally a centralized shitcoin such as XRP should never be compared with Bitcoin. That said, we have several cryptocurrencies available in the market, whose technology is much better than that of Bitcoin. But I don't think that any of these coins will be able to "replace" Bitcoin. Because Bitcoin is the original cryptocurrency. Others may be more advanced, but they have just copied 95% of the idea from Bitcoin.