Is the bitcoin going to burst anytime soon - page 5.

aoluain

legendary

Activity: 2436

Merit: 1362

Well first of all you can take anything any "Bank" rep says about Bitcoin with a pinch of salt.

He is a bit behind in his criticism, The "not backed by anything" is a very old argument
which we have heard for years.

The general consensus is we are continuing with the Bear market and this last quarter of the
year will see an increase in Bitcoins value.

Quote

If somehow there could be a discontinuance of the bitcoin

there wont be.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Don't listen to the banker, they are no expert in the field of crypto.

This market has very high volatility, bitcoin could dump anytime due to correction but it's not a bubble that will not recover.
Just look at the price history of bitcoin, many times it looks almost dead already but it almost bounces back when people starting to lose hope.

Remember, only a bubble would burst, bitcoin is not a bubble.

platinumsteel2016

member

Activity: 96

Merit: 20

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???

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