Bitcoin Forum

I'd like to remind everyone to stay calm in these seemingly 'positive' times, most of the indicators including complex wave analysis show this trend is only short lasting and will drop down to previous levels (maybe up 5-15%) soon.

It's important to remember that bitcoin DOES NOT SCALE. Roger Ver's insane predictions may work in an ideal environment where the bitcoin protocol has been perfected. This has not happened in real life and probably will never happen because of the lack of development and technical obstacles. Bitcoin does not scale to the levels where it's reasonable value is around current price level.

Add to that several other protocol flaws you can be sure a drop is imminent when people start to realize their investment position is utterly weak when holding bitcoin.

Don't invest what you can't afford to lose.

It's scary that people will just ignore fundamental flaws when they see the price go up a bit. That's setting up for disaster in your finances.

Ohh Kwukduck is here again... I thought you went to the guys at the Pepsi forum and troll there why Coca-Cola is better.

https://i.imgur.com/mR426M7.jpg

Does not scale seems to be the trolls new phrase of the month.

What does stating facts and serious issues have to do with trolling? You want to deny that a system providing 7tps to a global economy is not a serious problem to the core idea?

Denial seems to be extremely persistent with some people here.

I'm telling people to be careful. TROLL ALERT!!
Right, who's the scammer/troll now?

Since BTC is growing quite fast and steadily, I'd (also) suspect a bubble.
However, I don't agree with OP.

First of all, I guess that most people exchanging BTC hope to sell high, before the rally will happen.
Second, please don't forget BTC had its times with 1000-1200$ prices, meaning that - in a way or another - such prices (or even fantastically higher) are not impossible.
There are too many things to take into account, it's not easy to predict a long time evolution.

So the only thing to read here is "keep your eyes open, people".

Bitcoin is meant to be HODL so the blockchain's transaction throughput is not an issue  ;)

When you feel like spending your monies just cash out to fiat.

@NeuroticFish We all know why that happened. We all got goxed by willy bot. We don't want bubbles right? We want a useful tool in a healthy sustainable independent ecosystem i think. At least, that's why i got interested in bitcoin in the first place, at the time many more seemed to share that vision.

@brg444 It seems you have a very different vision of bitcoin than the people early involved, including Satoshi. Maybe you're right and that dream went down the drain a long time ago.

That's just non sense, Bitcoin thrives with bubbles  :)

Can you explain what you mean by that? Is this about the block size and how current block size limits cannot support mass adoption? Just want to learn in case you actually have insightful info




Honestly dude, all you ever do is try to get people out of bitcoin... why spend every day here discussing something you apparently hate? It's obvious that you have an agenda... and i doubt your agenda is to "help others" lol  :D

true words.

I'd barely even heard of Bitcoin until the willy bot and the price rise brought crypto into the headlines. So I thank the willy bot  ;D

Bitcoin and its transactional capacity will scale in due time. Don't be putting the cart before the horse.

Silbert told you yesterday exactly how it is gonna go down :

The fact that I suspect a bubble doesn't mean that I like it. Sorry if I was not clear.
Some of us want a sustainable coin / ecosystem. Some of us want only to get rich.
And there are the big traders, nobody talks much about them. And I think that they are quite a lot. They make a living from price changes and from bubbles.

I think that most would like BTC to get bigger. Some care if it's in a healthy way, some not.
The history is repeating. The willy bot incident would not be that big - imho - without the human greed.

The only think we can thank for (imho) to willy bot is the current power keeping the blockchain alive.

I hear he sold his entire stash when bitcoin was in single/double digits and has now devoted his life to trolling these bitcoin halls in misery. Sort of like golem in lord of the rings when he lost the ring.

Cant really blame him, the loss of such large potential riches,  probably has driven him insane... He couldve owned an island, private jet and a castle, but he sold... RIP life.. He needs to seek help...

90% of your posts is same  ???

are you bitcoin hater!?

Haha that's what I suspect too... the dude's been around when bitcoin was in double digits, yet he's obviously not rich because he spends most of his days trolling in this forum

The blocksize limit can be raised.  Not to mention sidechains.  Bitcoin scales just fine.

@Dafar Yes that's what i'm referring to here. I don't hate bitcoin, i recognize it's not perfect and it needs a lot of work on the protocol before it can grow to become what many of us have envisioned a long time ago.

@brg444 We've all seen how well that scaling proposal went last time, and that's the drama caused when there is minimal adoption. Can you imagine the utter economic devastation a hard fork will cause when there is considerable more adoption?
These 'future' issues should be addressed asap if you ask me.

@NeuroticFish True dat.

@Fiat_Hodler What's in a name? I'm here for an idea that can benefit many people in their everyday lives, not to make a quick buck. I did what i had to do at that time.

Kwackdick, did you buy back at $220 like I said?

What proposal? The XT governance coup?

That wasn't exactly about scaling Bitcoin you know....

Price at that time ~$4 and on the way up from its low at $2. If kwuckduck is a real indicator, we will see a movement like in the second half of 2012!

http://www.jasonkelly.com/uploaded_images/Trading-Emotions-734212.jpg

Ouch if that was me I wouldnt show my face on this forum ever again... Such a sad sad story... We should pity him...

Ah well the show goes on .

Even earlier than that...
:D

Whatever price may be, it's all about people's sentiments and not the markets that move Bitcoins.
So, expecting a drop in recent times is invalid IMHO.

you were right the last time we returned to the inital point, but one of those rally, at the end will be the real rally, this is true for the law of the large numbers you know

since this is the 4th time already that we try to break 300, starting from this year, i'm sure that if this is not the case yet, the next one will be surely it, be prepared

Bitcoin probably would have started the slow steady phase of it's up-leg 6-12 months ago were it not for the disruption of the XT attack.  As it is, this attack will probably have the effect of cocking a gun and result in a upward correction that will leave a lot of people out for the next spike.  Seems like it's always something and the number of people who capitalize on a spike is a relatively small fraction of those who had the realistic potential to do so.  Oh well.

As for the scaling problems, they are a thing of the past due to subordinate chains and associated developments.  Most competant analysts will see this.  Day by day new analysts from all walks of financial life will finally have their interest piqued enough to look into Bitcoin.  A fraction of them will have the same reaction I did back in 2011.

tldr; Bitcoin is far from a sure-thing as a 'retirement event', but it's future is currently brighter than it's ever been as I read the tea leaves.

Even though it seems that the block size increase debate is forgotten, I don't believe that devs have forgotten about it. That's why we have the upcoming block size conference in Hong Kong coming in the month of December.

I am sure that proposals will be made and consensus will be reached soon after this conference about this important question. Then we will see a real price increase!

There are studies that show that complex prediction methodologies fare not better than simple ones.

Just saying... Predictions are hard to make, especially about the future.

Let's hope so, i consider it a serious roadblock right now. There are some interesting proposals but i'd be unable to point to one as being the best.

@molecular You're absolutely right there.

Yes knowing our future would be most complex mechanism. With respect to bitcoin it's a fifty-fifty situations. Price may go either directions. It's too hard to make a call. Better to wait then make any positions or square of any existing positions.

How many times have we really been seeing those 'this time it's gonna be it' predictions? I think we will only surpass and leave $300 behind when the improvements on the protocol is made and is implemented. Until then we won't see 'the real deal' just like what others are pointing out.

kwukduck if you are so long in bitcoin world and you are not bilionaire, you must be doing something wrong...maybe try to turn bullish and you will even earn some money one day...it could be nice change  after all the time being wrong

As a store of value, and that's the most important function of Bitcoin, 7 tps/s is not much of a problem which must be solved soon, some way or another. So you're simply FUDding because you probably sold your portion, right?

Well, a little bit of a "dangerous position" indeed, I would say but for other reasons than the unsolved problems of scalability. There is still one more Silkroad auction from the Feds coming up in exactly one week. It might lead to a correction in the coming weeks. So, as others around here I do expect a nice rally before November 5th but some tiny bubble bursting in the days to come.

K...it's late and I NEVER participate in any of these bull/bear debates, so please don't take this as either a challenge to be met w/soapbox response OR a dig meant derail your thread. I won't ask why you spend so much time trying to proclaim the evils of btc either. I will simply ask for some wisdom: I'm ignorant to the umbrella statement "bitcoin cannot scale" so I am honestly just asking you to expound. Help me understand and I will certainly take what you have to say and think about it without bias and will not challenge anything you have to say publicly.
 Im not arrogant enough to claim to understand your position, but I would be truly grateful if you could open this old bulls eyes and save me a ton of $ not to mention any more time I might otherwise spend in this land of fantasy.
 Believe me, the last year and a half I wish I never HEARD of Btc Lol...but seems you're the loudest anti btc poster these days and I need someone to save me from myself...so help me god, if you don't talk me down...I swear...I SWEAR I'll buy some more coin tomorrow! Yeah...at the TOP of this latest pump and dump!
 Please Mr duck...HELP ME!
:)
This place would be no fun w/out people like you...glad to have metcha!

Now pump and dump.

Still investor make money in this game  ::)

kwukduck only mentions Willybot, but fails to acknowledge Eurobot or the many fatfingers / whale dumps that have made many patient people with low buy orders set a lot of cheap Bitcoins and easy profits.

haha, after all this time I just now realized your avatars beard and mask spell "BC". Well done ;)