Topic: Nearly a third of people think bitcoin will collapse in the next six months - page 2. (Read 1456 times)
November 15, 2017, 02:38:19 PM
Wonder how many from those people does really knows whats is bitcoin, understand it and have any crypto currencie, know already the results is i had heard about and should collapse soon. Call me ceptic but those people are replying with limited information, since countries are trying to keep bitcoin into the dark, otherwise they will follow Japan, and looks like the most countries arent ready yet. How many economist said it were a bubble at 1100 dollars and well different moment of bitcoin history, crypto supporters has raised a lot, and bitcoin is getting more volatil this days.
November 15, 2017, 01:33:13 AM
these fake statistics have always been true and in 100% of cases they are always wrong.
if you think about this logically you can simply figure out why it is wrong.
about 80-90% of the people around the world don't know what bitcoin is or have only heard it in passing and have no more information about it.
even if we say these surveys were given to those knowing what bitcoin is, we can simply see that majority of the people who know what bitcoin is and have invested in it, still are not familiar with bitcoin and its market. you can see how many get confused as soon as there is a dip or a rise and start panicking.
if you think about this logically you can simply figure out why it is wrong.
about 80-90% of the people around the world don't know what bitcoin is or have only heard it in passing and have no more information about it.
even if we say these surveys were given to those knowing what bitcoin is, we can simply see that majority of the people who know what bitcoin is and have invested in it, still are not familiar with bitcoin and its market. you can see how many get confused as soon as there is a dip or a rise and start panicking.
November 15, 2017, 01:23:42 AM
Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a third of people think it will collapse in the next six months. Bitcoin's price, which is famous for its volatility, climbed to record highs of more than $7,000 in recent weeks.
A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.
Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.
Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.
http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months
A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.
Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.
Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.
http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months
we can not guess where this bitcoin will collapse because this bitcoin is in demand by everyone, I think bitcoin can not we guess when it will collapse or crumble
November 15, 2017, 01:20:08 AM
Although public awareness of bitcoin is now at an all time high, confidence in the cryptocurrency is still low as new research has suggested nearly a third of people think it will collapse in the next six months. Bitcoin's price, which is famous for its volatility, climbed to record highs of more than $7,000 in recent weeks.
A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.
Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.
Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.
http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months
A survey by market research firm D-CYFOR, found that although 80 per cent of the general public in the UK have heard of bitcoin, 58 per cent said they would not invest in it and 30 per cent predict it will collapse and be worthless within the next six months. On the flip side, 54 per cent were optimistic about an increase in its value over the next six months, but only 15 per cent said they were thinking of investing in it while seven per cent said they already had.
Millennials were the most open to investing in bitcoin with 23 per cent considering buying into the cryptocurrency. Only four per cent of people aged 65 and above wanted to invest in bitcoin.
Bitcoin is having its moment in the limelight, but while that means more people are investing in the cryptocurrency, it also means increased scrutiny from regulators. That came after a crackdown on initial coin offerings (ICOs) by the FCA in September.
http://www.cityam.com/275703/nearly-third-people-think-bitcoin-collapse-next-six-months
We do not blame them. Because they have little knowledge in crypto especially in bitcoisns. And the other is that they have no experience in such situations. They really will have difficulty understanding it. But when they last and their prophecies do not come true. They are likely to be cleared of what's happening. I also feel that way I am always converting into dollars. When I was new in the crypto.
November 15, 2017, 12:58:29 AM
We can't blame them, I mean bitcoin is volatile, the price changes every time. What will work here is the your skill in predicting what may happen and your knowledge to think what will people do in a certain period of time. If bitcoin will collapse in the next 6 months, then I think it must had collapsed earlier.
I think its telling that such a high percentage of folks think that we will suffer a major correction, especially since so many people in this space are downright ignorant. the popular sentiment seems to be that we are in a bubble at the moment, but inside and outside the sphere. since consensus is pretty much the whole of this, once people think this is the case it is so. self fufilling prophecy (spelling).
but from a personal perspective, the recent correction should demonstrate how ephemeral this years gains have been. this is purely speculative at this point,
buyer beware.
November 15, 2017, 12:16:57 AM
The research is just based on a specific country which will make false conclusion because bitcoin is used worldwide. In general, it may have different results or maybe opposite.
Because in my opinion, many do trust bitcoin.
Frauds are causing new adaptors and not the old users.
But the point that trust is a big issue on the subject because more or less new investors and adaptors are important in the industry. New supporters will definitely have an effect in bitcoins price. If new adaptors see that bitcoin is not worth to invest then like what happened before other alts will attract them which may be not safe.
Because in my opinion, many do trust bitcoin.
Frauds are causing new adaptors and not the old users.
But the point that trust is a big issue on the subject because more or less new investors and adaptors are important in the industry. New supporters will definitely have an effect in bitcoins price. If new adaptors see that bitcoin is not worth to invest then like what happened before other alts will attract them which may be not safe.
November 14, 2017, 09:06:05 PM
I think that is pretty obvious number of the percentage of people not trusting and trusting the bitcoin and other markets here in. There is reason which we know or which they are giving and thats the volatility of the bitcoin itself. There is decentralised nature and there are also various rules and regulation of which people are very much afraid to invest into bitcoin. The community will get into bitcoin once there is stubborn base for it y the regulatory authorities or stuff like that. Otherwise there won’t be anything until people get self aware that how bitcoin can lead us to the great finances.
November 14, 2017, 08:42:21 PM
in my opinion will not collapse in the good months because bitcoin now has increased its development let alone almost all the world wear bitcoin. and also many peminatnya because bitcoin very high price ...
November 14, 2017, 06:48:58 PM
It's impossible,People who think like that only people who want to drop the price of bitcoin.Six months ahead bitcoin prices will rise higher.. Don't believe in false news..
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November 14, 2017, 06:35:42 PM
80% have heard of bitcoin? Let's be real.
Cut this number in 1/5 and it might be closer to reality.
Also we have 7% that have invested in it.
Cut this number in 1/5 and it might be closer to reality.
Also we have 7% that have invested in it.
7% is ludicrous. 80% is conceivable. All they need to do to qualify for that is hear the word Bitcoin.
And a third of people believing it'll collapse really isn't bad at all. I was expecting 90% or more.
Bitcoin is probably almost 1% adopted by people all around the world. Even in the most adopted country, the USA, most people have no idea what Bitcoin really is. Wait until we are closer to 3% adoption.
Once we hit 4% adoption in the world, then Bitcoin = mainstream.
Let that sink in.
November 14, 2017, 05:09:05 PM
All people who were willing to invest in bitcoin for an long time , but never did, are now praying for a downfall just because they are jealous. That makes your stat.
November 14, 2017, 04:59:30 PM
I can see why people would think it's prone to collapse in 6 months, it's a strange concept at first and for me it was only with time watching things develop that I started to see collapse as unlikely. When was the big bitcoin news this year? Give it a year or so after that and some positive news will act as a trigger to increase adoption.
Another possibility is that a different coin finds a way to get itself into the hands of the population with some usability leap forward.
Another possibility is that a different coin finds a way to get itself into the hands of the population with some usability leap forward.
November 14, 2017, 04:56:07 PM
I quite frankly disagree about bitcoin collapsing in the next six months. There are even other speculations that bitcoin will stay at the top rank while others follow; even after new introductions into the coin market. I do believe the altcoins can only help frustrate themselves by diluting each other's prowess. The gradual but steady spread of the bitcoin/Cryptocurrency will take alongside bitcoin itself to get itself spread. So, bitcoin has an established leverage/platform on which it sustains itself.
November 14, 2017, 04:46:26 PM
I want to cast doubt on the conclusion of such research. If you will research on the streets on the effectiveness of various modern methods of diagnosis and treatment of cancer. You trust these studies? The question of course is rhetorical. How can you treat the opinion of those people who don't know what bitcoin is and never used it.
I totally do agree with you but then they can be blamed for it. It is only natural for them to be pessimistic about it since they don't knw how bitcoin actually works and the benefits of investing in bitcoin.
This research has only shown us the naivety of people concerning bitcoin but then it does not define the value of bitcoin.
Bitcoin has not and will not in any way collapse based on the speculations of people who don't know how bitcoin works and are ignorant of its numerous benefits.
November 14, 2017, 03:49:08 PM
I think those who are against and pessimistic are those who has not yet tried and has not yet known bitcoin maybe or those who've read and heard news about well known people talking negatively or I say destroying the image of bitcoin and for whatever reason they do, it brings fear and causes panic to those who believe. But nevertheless, the percentage of those who are still into it is bigger than those whoa are not.
November 14, 2017, 03:21:46 PM
People are used to troll against Bitcoin when ever they get a chance. They have tried to bash bitcoin since the beginning of bitcoin history and have done so many times but have not succeeded. They will not succeed this time either. Bitcoin has been part of our lives since 2009 and it takes much more than what people think to take it down. 33% of people is a really big amount and I don't think that, that amount of people know well what bitcoin is or how bitcoin works.
November 14, 2017, 03:17:46 PM
A massive awareness on how Bitcoin works is really needed at this time so that people that do not know about it would not be misleading those that are just embracing it
It's really hard for us to push them to be a part of bitcoin/crypto community. We have different vision's in our life and we have our own way's to reach it. To be a part of this community is not totally an options but it's individual's choice. Even though bitcoin is not totally spread worldwide but if your choice to have it, is gonna be a smart decision. November 14, 2017, 03:10:06 PM
Where did they get that it will happen within 6 months. Bitcoin has been growing for a year now and nothing has happened with him, I'm sure that bitcoin will not explode in the next year even within 6 months. Of course everyone has his own opinion and need appreciate it, but there are no facts that bitcain will explode. While big players will make investments - bitcoin will be in safe hands.
November 14, 2017, 03:02:03 PM
people think that bitcoin will collapse in the next 6 months, because they are not competent in this matter
November 14, 2017, 01:06:18 PM
By the time of price drop users had such a thinking, and one thing that increased the panic among users is the price increase of bitcoin cash. Now as the price of bitcoin had been showing growth compared to the days of steep fall the panic little by little getting vanished.
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