Bitcoin is moving sideways after creating ATH, sentiment corrections are creating stimulant. I think we almost get rid of the price fomos like in the first quarter under the influence of Tesla and Elon Musk to recover and get rid of the big shadow of China. I think it's enough to make people believe that it is better to put in bitcoin, unless the market makers make this cycle longer and more certain. November is very promising to create a real “boom”!
I believe Taproot will be bigger than what was available with ETH 2.0. Lol
Topic: Is the bitcoin going to burst anytime soon - page 2. (Read 520 times)
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 already last long it is first traded on year 2009-2010 and we are now at year 2021 and it is still alive, if we are going to look at the price now we can say that we are too late because if we buy it on 2009 and hold till this time we will maybe a billionaire today, No one can predict the price the people who has a big patience is always a winner on crypto see the past price and simply compair it with the present price and you will see how important patience is. 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???
Well for that scenario maybe we can say that we are late knowing how huge the figures right now compare to that year 2009 but since bitcoin already a good crypto and became more reliable currency then maybe the word late right now is not applicable since we can still earn more from it as there are so many opportunity where we can earn especially on its volatility, That's why people should remember that they need to learn how to execute their TA's and know when to buy since most of the people get FOMO once they see bitcoin rising up and miss the opportunity to buy when bitcoin is at the dip.
Thinking about the past maybe not good since we cannot get those back although provably those people who bought became millionaire or even billionaire but the question here is does anyone from that timeline still hold their bitcoin up till today?.
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 already last long it is first traded on year 2009-2010 and we are now at year 2021 and it is still alive, if we are going to look at the price now we can say that we are too late because if we buy it on 2009 and hold till this time we will maybe a billionaire today, No one can predict the price the people who has a big patience is always a winner on crypto see the past price and simply compair it with the present price and you will see how important patience is. 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???
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.
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.
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.
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.
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 marketIt 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.
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.
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.
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. 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???
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.
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.
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.
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.
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.
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.
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.
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.
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.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???
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???
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.
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. 
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???
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.
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.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???
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.
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