Is the bitcoin going to burst anytime soon

[sujonali1819]

This is the common answer from a person who don't know much about bitcoin or don't invest in it, or a banker like that. They are saying this because they have to say otherwise their job will no last long. Because if they atleast convince people for some days then Banking System will atleast last little bit long. And also I am pretty sure that the banker who told it also invested in Bitcoin but can not say publicly lol.

[jaberwock]

My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin, how does this effect the other forms of cryptocurrencies???

Bitcoin is not something that "bursts" because it is always a thing that people love to use and that's what I believe will happen in the near future as well. We should not be focusing on something that would not be profitable for us. Considering bitcoin as something that may burst is something that will hurt our money and not profit us, there are many people who short bitcoin because they believe that the price will go down. I mean I understand that there are situations where bitcoin goes down but that is a rarer situation and you are not going to hit each of them on the nail and make a good profit, you will be wrong most of the time and end up losing money.

[Silberman]

You don't ask how to become a good person from a notorious criminal. In the same way that you don't ask an opinion of the future of Bitcoin from a bank representative. What do you expect to hear if you ask a Pepsi sales representative of his opinion about the taste of Coca-cola? You get what I mean?

But if Bitcoin is to fall, I guess the entire crypto is to fall. It may come back of course but it will take time, or something else will take over.

Good examples, those which are on the banking industry do not really have the best opinion of bitcoin and I cannot blame them, if a new technology put at risk my financial future then it is likely I would not like the technology either, in fact this has happened many times through history, people earn their living in a certain way and then someone invents a technology that can make the same job in a more efficient way and then those people lose their jobs as a results of this new technology, so when we take that into account it is not really surprising to see why bankers hate bitcoin so much.

[carlfebz2]

My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin, how does this effect the other forms of cryptocurrencies???

Bitcoin is not something that "bursts" because it is always a thing that people love to use and that's what I believe will happen in the near future as well. We should not be focusing on something that would not be profitable for us. Considering bitcoin as something that may burst is something that will hurt our money and not profit us, there are many people who short bitcoin because they believe that the price will go down. I mean I understand that there are situations where bitcoin goes down but that is a rarer situation and you are not going to hit each of them on the nail and make a good profit, you will be wrong most of the time and end up losing money.

It had burst for how many times already where reaching ATH and then suddenly goes down or did crash but it wont really last for a decade if this was created for some dump and pump scheme and if we do consider out

on how far we do able to reach on then this is something that we could called a shit thing.Its been existing for a decade now and we've seen on how far it did able to reach out.

The support of the community is way too high and the demand is there thats why we could really presume out that it isnt something that will easily fall down.

[sikke]

My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin,
how does this effect the other forms of cryptocurrencies???

I like how these banks go to great lengths to make sure that whatever their employees say will not constitute financial advice - and there is this particular person offering up their advice regarding Bitcoin.

At every single junction, bitcoin has been doubted and top-callers have come in.

Fact of the matter is that adoption is going to continue to drive growth, and bitcoin is just going to get more scarce as time goes on. Just because growth has been crazy over the past few years doesn't mean that it's unjustified or a bubble.

[Ararbermas]

they are people who do not understand the flow of the bitcoin cycle and are among those who are afraid of losing their fiat money. so he assumed that this bitcoin would be destroyed and no longer exist against bitcoin. but consciously unconscious bitcoin will be the best asset in the future.

they're are still blind how bitcoin really works nowadays because they don't believe in such technology ever since before wherein they're only relying which is really helpful and useful for them.. Well we cannot blame them, i mean just be thankful that we didn't miss this kind of assets where we can really make good returns. I believe it's not for everyone and only believer can get benefits from it.  So let them choose what they want.

[Silberman]

My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin,
how does this effect the other forms of cryptocurrencies???

I like how these banks go to great lengths to make sure that whatever their employees say will not constitute financial advice - and there is this particular person offering up their advice regarding Bitcoin.

At every single junction, bitcoin has been doubted and top-callers have come in.

Fact of the matter is that adoption is going to continue to drive growth, and bitcoin is just going to get more scarce as time goes on. Just because growth has been crazy over the past few years doesn't mean that it's unjustified or a bubble.

This is important, whenever we see an important growth in the markets those that are always looking for an excuse to not recommend bitcoin to the people say that this is a bubble, but do we know of any bubble that has lasted as long as bitcoin has lasted and that it has grown so much during the same period? The growth we are seeing is not the result of a bubble but a growth that comes from adoption, but obviously bankers are never going to recognize this as it plays against them.

[darkangelosme]

My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin,
how does this effect the other forms of cryptocurrencies???

Bitcoin is the most well known cryptocurrency that's why Bitcoin can easily bring other crypto up and down, it is only a game of fandom, that's why no other cryptocurrencies can surpass the Bitcoin in the market.

[STT]

Impossible to say when its trending up above the 2 day average so consistently.  The best thing to do is not fight the trend along the way but wait until its definitely no longer in play, so far price has been resolving upwards every time.

[lixer]

whenever we see an important growth in the markets those that are always looking for an excuse to not recommend bitcoin to the people say that this is a bubble, but do we know of any bubble that has lasted as long as bitcoin has lasted and that it has grown so much during the same period? The growth we are seeing is not the result of a bubble but a growth that comes from adoption, but obviously bankers are never going to recognize this as it plays against them.

It is not even the period that it lasted, it is the idea that it supports. I understand that "tulip" bubble made no sense, why they believed a flower should worth that much is beyond me, hell they still care about tulips a lot over there in Netherlands for some weird reason.

Mortgage bubble was literally people who are getting houses with the money they do not have, and remortgage their own houses that they literally own so that they could buy other stuff and so forth, basically it was obvious from start that banks literally gave loans to people that can't pay it back, I could go on, most bubbles do not make any sense at all. Whereas in bitcoin (can't say for every single crypto) we have something that is a currency, a currency that allows people to literally do whatever they want with it, and it is valued high because it is fair and decentralized.

[mich]

I dont think that we will see a Bitcoin burst any time soon.  Truly speculation but as a Bitcoin Bull its how my mind thinks.

It is also important to not look read into too much what people who work at banks think because most of them dont like Bitcoin in the first place.

[BuNga_cute]

I dont think that we will see a Bitcoin burst any time soon.  Truly speculation but as a Bitcoin Bull its how my mind thinks.

It is also important to not look read into too much what people who work at banks think because most of them dont like Bitcoin in the first place.

I see Bitcoin demand continues to increase, I also analyze Bitcoin price movements are quite stable above $60k. Then Bitcoin managed to reach
new ATH about 18 hours ago to the price of $66k, this is enough to prove Bitcoin will not burst anytime soon. I also agree to ignore any opinion of
the people who work at the bank, they just don't like seeing the price of Bitcoin keep moving up. I am even now very optimistic that the target of
$100k can be achieved by the end of this year, so I won't be selling my Bitcoin anytime soon.

[jaberwock]

I see Bitcoin demand continues to increase, I also analyze Bitcoin price movements are quite stable above $60k. Then Bitcoin managed to reach new ATH about 18 hours ago to the price of $66k, this is enough to prove Bitcoin will not burst anytime soon. I also agree to ignore any opinion of the people who work at the bank, they just don't like seeing the price of Bitcoin keep moving up. I am even now very optimistic that the target of $100k can be achieved by the end of this year, so I won't be selling my Bitcoin anytime soon.

It is not a proof that it will not be crashing, it could always crash even after reaching to a new all time high, that is not really something important that says something, not the crash at least. Remember we reached 64k and then we were under 30k for a while there, that shows you the proof that even at ATH we could stil crash that we will end up with something low.

I do not believe that it is going to happen this time around, I believe that we are going to see higher and higher prices and we are going to be ending something like 100k eventually, I believe that 100k+ is not a hard thing for us to reach and there is a good case about how to reach those levels if we could basically not have any big and increasing short future buyers, that case we could maybe have a crash but without that and everyone is a long term right now we are going to be great in the future.

[Vaculin]

My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin,
how does this effect the other forms of cryptocurrencies???

Okay, but just look around and see on the internet, you can find and tell your wife that she is wrong. They got manipulated by their boss as their business might be shutdown and she was also afraid to lose her job if people will no longer use their services. If they are just being open-minded and accept the said market development, they will see that Bitcoin is growing and continue to grow in the future.

Honestly, we can't hear any good from the banks as these institutions are the leading haters of Bitcoin since before. They are afraid to lose their existence but as we can see, it was not going to happen and much more if they adopt the system as well.

[matchi2011]

Impossible to say when its trending up above the 2 day average so consistently.  The best thing to do is not fight the trend along the way but wait until its definitely no longer in play, so far price has been resolving upwards every time.

If you believe that the chance of bouncing back after small corrections will be earlier, buying now and hold is good to do.
After hitting another new time high, the price of Bitcoin fall with the range of 4-6%.
Things that anticipated by traders who works within the daily basis, they are aware that situation like this will take place and
they are ready to buy when the market is dipping and sell when it bounces back to collect profits.

[milewilda]

I dont think that we will see a Bitcoin burst any time soon.  Truly speculation but as a Bitcoin Bull its how my mind thinks.

It is also important to not look read into too much what people who work at banks think because most of them dont like Bitcoin in the first place.

Burst is something in related with some crash or something like that but if we do talk about correction or price decrease then this is just a typical or casual event that do happen in the market
and we are already seeing it on which after Bitcoin hit up new all time high then it do make out some small correction. Possible path? No one knows on whats next.
Burst is something unlikely to happen considering the level of support or demand of bitcoin then you could say that we wont really be heading
that down again.

[el kaka22]

I do not believe that it is going to happen this time around, I believe that we are going to see higher and higher prices and we are going to be ending something like 100k eventually, I believe that 100k+ is not a hard thing for us to reach and there is a good case about how to reach those levels if we could basically not have any big and increasing short future buyers, that case we could maybe have a crash but without that and everyone is a long term right now we are going to be great in the future.

If we are talking about "burst" as in completely get destroyed? Then we will never see that, bitcoin is way too powerful to be gone like that, I am pretty sure that rich people in the world alone could keep it above 10k at this point, there are nations involved now, El Salvador is the most known one but there are many nations that invest into companies that invest into bitcoin so nations are indirectly investing into crypto as well. All that money can keep it above 10k forever from now on.

However if we are talking about burst as in price crash then it could happen any time, it is not a secret that we sometimes drop in price. We should be used to something like that and not really get worried about it, hell I would be happy about it since I would be able to buy a lot more this time around and I would be able to profit whenever it gets back to these prices.

[BuNga_cute]

I see Bitcoin demand continues to increase, I also analyze Bitcoin price movements are quite stable above $60k. Then Bitcoin managed to reach new ATH about 18 hours ago to the price of $66k, this is enough to prove Bitcoin will not burst anytime soon. I also agree to ignore any opinion of the people who work at the bank, they just don't like seeing the price of Bitcoin keep moving up. I am even now very optimistic that the target of $100k can be achieved by the end of this year, so I won't be selling my Bitcoin anytime soon.

It is not a proof that it will not be crashing, it could always crash even after reaching to a new all time high, that is not really something important that says something, not the crash at least. Remember we reached 64k and then we were under 30k for a while there, that shows you the proof that even at ATH we could stil crash that we will end up with something low.

I do not believe that it is going to happen this time around, I believe that we are going to see higher and higher prices and we are going to be ending something like 100k eventually, I believe that 100k+ is not a hard thing for us to reach and there is a good case about how to reach those levels if we could basically not have any big and increasing short future buyers, that case we could maybe have a crash but without that and everyone is a long term right now we are going to be great in the future.

It is true that there is no 100% guarantee that the price of Bitcoin will not crash, but at least looking at the current situation and conditions that
more and more parties support Bitcoin. That is what gives rise to the belief that Bitcoin will not crash once it reaches new ATH, even Elon Musk
seems to be starting to support Bitcoin to go up to $69k. And I believe more and more rich people are starting to be interested in investing
in Bitcoin, after this year Bitcoin managed to reach new ATH twice. At least positive thinking makes me more excited to continue collecting Bitcoin,
even though I know the risk is very big. Because I had already prepared a plan in case the worst happened.

[TimeTeller]

I see Bitcoin demand continues to increase, I also analyze Bitcoin price movements are quite stable above $60k. Then Bitcoin managed to reach new ATH about 18 hours ago to the price of $66k, this is enough to prove Bitcoin will not burst anytime soon. I also agree to ignore any opinion of the people who work at the bank, they just don't like seeing the price of Bitcoin keep moving up. I am even now very optimistic that the target of $100k can be achieved by the end of this year, so I won't be selling my Bitcoin anytime soon.

It is not a proof that it will not be crashing, it could always crash even after reaching to a new all time high, that is not really something important that says something, not the crash at least. Remember we reached 64k and then we were under 30k for a while there, that shows you the proof that even at ATH we could stil crash that we will end up with something low.

I do not believe that it is going to happen this time around, I believe that we are going to see higher and higher prices and we are going to be ending something like 100k eventually, I believe that 100k+ is not a hard thing for us to reach and there is a good case about how to reach those levels if we could basically not have any big and increasing short future buyers, that case we could maybe have a crash but without that and everyone is a long term right now we are going to be great in the future.

It is true that there is no 100% guarantee that the price of Bitcoin will not crash, but at least looking at the current situation and conditions that
more and more parties support Bitcoin. That is what gives rise to the belief that Bitcoin will not crash once it reaches new ATH, even Elon Musk
seems to be starting to support Bitcoin to go up to $69k. And I believe more and more rich people are starting to be interested in investing
in Bitcoin, after this year Bitcoin managed to reach new ATH twice. At least positive thinking makes me more excited to continue collecting Bitcoin,
even though I know the risk is very big. Because I had already prepared a plan in case the worst happened.

The adoption is indeed different and increasing as day goes by.
And along with known personalities hyping this up, it will further boost its price.
If more and more countries will show their support to crypto, there's no doubt, we will see the price going up high.
But don't estimate too much, just be conservative so you will not be disappointed if the situation you are expecting is not happening.
And the likelihood that it will surpass the recently ATH price is really possible. Maybe next months to come.

[uneng]

Honestly, we can't hear any good from the banks as these institutions are the leading haters of Bitcoin since before. They are afraid to lose their existence but as we can see, it was not going to happen and much more if they adopt the system as well.

True. El Salvador is a good example of how banks can become manipulative when their personal interests are manaced. They start spreading lies and fear among most uneducated people while sponsoring protests against bitcoin to give the impression the population is mad at the idea of adopting a crypto currency.

Notably many of the so called experts who say bitcoin is going to die soon (once again) are connected to banks, as they belong to the mainstream financial sector. So they create the narratives that are shared by another people who are also benefited by the banking industry, like the employee mentioned in OP.