Bitcoin Forum

1. Bitcoin never goes below its previous all-time high after a big rally. ($266)

2. Bitcoin rallies every XXX days.

3. Bitcoin rallies whenever the 3D or 1W MACD turn green.

4. Bitcoin rallies when it's been stable for XXX days.

5. If you hold bitcoin for 2 years, it'll always be higher. (became false in April 2015)

You name it. Every pattern is broken. There are no more clever facts left. No more talking points. No more s-curves going vertical and no more quips. Now there is only reality. What reality? The reality that bitcoin is making good progress but there is lax demand. The road ahead may be much longer than any of us have imagined.

Yup, that was all hocus pocus empiricism, anyway. The story I'm interested in is:

1. Mainstream financial institutions getting interested in bitcoin as a zero-trust alternative to an obsolete, debt-ridden counterparty system
2. The rest of the stupidly leveraged fiat economy warming up to disappear up it's own rear

So unless the technology fails I'm pretty happy with holding.

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.

There aren't many of us left. These forums are about as active as they were in 2011.

This is a good thing.

I disagree.

The marketplace, at least, has much more movement than in 2011(if there was a marketplace at all in 2011)

I just poked my head in there. Bunch of junk.

Simple statistics prove you wrong. https://bitcointalk.org/index.php?action=stats

It's the network not the bla-coins. No alt can hold a candle to btc network right now.

Trollthread /end

and where are those alt now? they have even a worst position than bitcoin, and mine are just faded away, not worth a pennies, all died

the truth is that despite their new offering in terms of technology, they are still a mere clone of bitcoin, pure testing, see them as that...

6. Bitcoin is not predictable and cant be put in some panthers.


Here i gave you one rule, that will not get broken so fast.

I need you to say that to confirm the piss-in-your-pants capitulation bottom is not yet in.


Until the network hashrate becomes irrelevant in some alt.

If so, then why are you still here? Go play in the altcoin section if you so wish. Bitcoin technology hasn't even started with showing its power.

Beside that, the blockchain as technology will enjoy adoption by banks and other companies. So tell me, what exactly is failed  :)

I'm here to spread awareness in that bitcoin needs to adapt in order to survive and that people will not make horrible mistakes with their hard earned money.

Altcoins are important as experiments of new ideas, but when an idea is sound and proves to be adding significantly to the technology it should be adapted by bitcoin asap in order to not lose the first mover advantage. Sure it has the network effect behind it now, what do you think new coins will get that bring features that speak even more to the average Joe and industry, that's right, an even stronger network effect.

If we want bitcoin, as a currency and its own blockchain, to be successful, things need to change on several levels i think.

Many of us have too much invested (not just talking holing btc here...) to let it fade away so easily without giving a kick, hoping somebody else will do or say something..

I understand all that, but why is it needed to add gimmick features which most of the altcoins have and we don't really need?

What Bitcoin needs right now for better adoption is faster confirmation times, and larger blocks. The latter has had plenty enough coverage in this forum and will definitely be implemented.

Hahaha trolls trolling trolls

It's difficult to apply patterns on Bitcoin- there are many good, but also many bad events.

I honestly have no idea where we're headed right now.

I don't see things that way. There are other coins I prefer, such as Dash, but there are so many other cutting edge crypto technologies emerging I don't pretend to be able to keep up with them. Bitcoin is still the largest network by far, and looks like it's heading towards a more establishment future with ownership ledgers based on the blockchain and other technology start-ups aiming to dismantle visa and mastercard's duopoly. This is not the anonymous digital cash which people originally thought it was, so if you want to get off the grid, pick your alt, that rabbit's out of the hat and won't be going back in. That was never that large a market anyway, so speculating on bitcoin from the  perspective is over, yes.

The mainstream financial system, however, is not long for this world in my opinion, and bitcoin is entirely ahead of anything else to replace it. This also addresses some of the centralised mining issues and 51% attacks which bitcoin isn't optimised for, because that's not a problem for the financial services sector, you already have a tradition of many large data centres distributed globally across different corporations and nations.

Bitcoin needs a very important innovation, that is: no Gavin

imo, supports/resistances are inevitably tested and sometimes fail. trend lines are always destined to fail. the big picture changed almost a year ago i think, and hopefully, im thinking this will actually turn around in the next few months.

I still have some hope on the long term, but really, I have just lost a lot of interest. Bear markets will do that, I guess. Could go on for some time yet, but.... Soon (tm)....

Stop complaining and go short on margin ffs. It's not like one could only make money in a bullmarket.

I'm not trying to pay swaps in this flat action. Totally sideways. Yeah, trending down, obviously, but I'm waiting to see some movement before jumping on the short train.

I am not really into patterns but I do believe that Bitcoin is trying make it's own pattern now. So that people can see bitcoin as a safe mode of currency and not a volatile thermometer.

If bitcoin is one day used by 100 million people, and it's used by 1 million people now, then you must give up all hope of safety or stability in price. Nothing can be stable while the fundamentals shift by orders of magnitude. The panics will continue. Not even gold, with its enormous market cap, has escaped massive volatility (measured in baskets of commodities) over the past several hundred years.

You're missing a leg.

I agree, user count is constantly shifting variable, and hence the price may never settle for a long period. And to hope one day bitcoin will have 100x more users is a long shot, since
many of current ones are loosing interest themselves.

cheers

100 million is not a lot of users for a global internet currency. If bitcoin is dying, then there won't be price stability in that case either. A drop from $220 to $110 is extreme volatility.

Bitcoin baholders scream "noooo, you troll" while the more sensible rest of us knows this since January.

it seems the opposite with the current trend, it's like if you are not a shorters you can't be victorious, and bullish market look dead by all angles

How it's dead brother ?

What about the all downward preesure we are facing ?

Bears feeling that their time is now.

there is no enough bulls for every bear, just that

you usually need one bad news to sustain the bear market and ten good news to sustain the bull market, it is easier for the former

If Dell/Microsoft accepting bitcoin, Bitlicense passing, Citi, Goldman Sachs, NYSE, JPMorgan guys joining bitcoin startups, bitcoin companies raising 100+ million dollars are not major stories, then there aren't going to be any major stories. News doesn't matter unless the technicals are ripe.

This Amph, why the heck we are not acting to any good news, only bad ones ?

because it is in the human nature, i guess, it's always easy to dump, to destroy, than pumping or building, it's one of those  thing that will not change ever

but i still think that all the recent good news are doing something that will have a delayed impact on the market, we must wait and see