Bitcoin Forum

We have confusion now amongst all the casual investors that don't understand the Classic nonsense, just like the XT fears crushed the price back in the day. After the Mike Hearn ragequit and ridiculous clueless people wanting a hard fork shut the hell up we will see a 600+ price again as Core devs deliver more and more improvements in the software. If idiots keep being idiotic we will still be stuck at a lower price for a longer while tho, because the situation scares investors, but im confident that we will have this solved by the halving.

I sort of agree with you, maybe even before the halving but it's depending on a lot of factors to make it happen but it's a possibility if people stop the panic and actually try to re-invest like the way it was before these recent events (to have a steady growth over time). Unfortunately recovery of each damage is always slower that the damage itself so is going to take some time but eventually it happens.

True, but it gives the rest of us who are knowledgeable more time to buy cheaper coins.

i hope that the prediction is correct because we did not have such a high price for a long time, it would make me some decent money to be honest

There will never be clean air from FUD, there will always be something, or something new will be made up to keep the price low.
The biggest fear of biggest investors is for the price to go too high, as they will have to pay much more to allocate high amounts of coins with which they can later on manipulate the price.
600+ ? Give it a few years and add zero after that number   8)

i agree with you 100%.
i even believe if the (stupid) developers haven't came up with the block size, bitcoin XT, and all that drama and more importantly didn't separate into two groups and stayed together to reach a consensus we were at $600+ prices right now instead of FUD after FUD and resulted panic sells.

Agree with you sir.

The ragequit was an excuse for some investors to dump like crazy. The pro's came in and took their coins.

BTC is now finished with that, stronger than ever and ready to go past $500 again

we wont see any price rise for another week after Chinese new year then we will see this happening after holidays Chinese holidays

How much chatter is there in China about this? There's one guy on reddit who's taking the time to translate some forum messages and that's about it. From the very slim sample that that offers it sounds like it's an issue they're only just waking up to.

I have no doubt that the price will rise to $600 and higher at some point. There is too much negativity going through the entire community at the moment. Once we leave all this fud and drama behind us, the price will climb back up to new highs.

of course the price will grow over 600 its the only question of time

Bitcoin is decentralized. So it depends on the consensus of the whole community. It will take some time to reach any consensus. That is expected.

China doesn't care much about the issues we are facing here. They have basically the control in their hands as they rule the majority of the hashpower. They support the core client and will patiently wait for an agreement.

So any rationale behind the $600 number, or is this just a wild guess?  If you look at where we stand right now, which is below $400, what you're suggesting is quite a jump.  Even if bitcoin was a tech stock caught in the middle of a tech stock bubble, this would be a huge gain.  If we were to jump to $600 right now I'm afraid it wouldn't be sustainable, just like this recent altcoin microbubble wasn't a few days ago.

Price prediction of bitcoin is almost like licking your finger and sticking it in the air to test the wind direction... With the up-coming hard fork (bitcoin classic) in March, we will see more dramas and changes.

I agree, it is beat way down by all the negativity. If/when a scailability solution is successfully implemented we will be in for a hell of a ride.

Y'all talking about core devs fixing things...
You realize they have been 'solving' these issues for like 4 years right...? What changed this time? Oh wait nothing changed, we will still be having this same discussion 2 years from now when the price is 10-30 and Y'all be saying devs are almost ready to roll out the solution.

Until I see some actual improvements I remain skeptical.

IF solutions are implemented, bitcoin can be really great.

Well the devs admit themselves they suck at communicating
Stuff does go on behind the scenes on their github discussions and website but not everyone really bothers to look there for stuff.
Until the implementation is done I'm with you skeptical but getting hopeful that we are boiling down to the essence of what needs to be done and implemented.

If they could have a spokesperson for the dev team that would have changed a lot of perceptions, and maybe, even the price. They've got a lot going on in there that needs to get vent out.

Yes indeed its a bit dark over there, you don't hear a thing about it.
I think it will be at the 600 dollar after it.
I'd like a explaining about how its going over there.

same thing happened for the 300 wall, we needed to wait all the fud were gone to actually break through that point

now it's the time for the 500 mark and then 700, after that 1200 will be not much of a dream anymore


segwit is scheduled for this year on april, they didn't solve the 2mb issue before because it was pointless block were not full in 2013 for example...

If they openly admit that they suck at communicating with the outside world, then they shouldn't talk at all in public. I want them to come up with a solution that suits us all instead of keeping talking about stuff we already know. People have been waiting long enough, isn't it?

This is what makes me lose faith in bitcoin. People are too fickle and will just start selling their coins as soon as they get a whiff of bad news and of course this has a knock on effect and sends everyone pannicking. The only thing I can see pushing the price up the other way is the block halving later this year. Hope I'm not dissapointed but if the value is still fairly low by the start of next year I can't see it rising anytime soon after.

QFT.

once a year even the trolls are correct ;)


If they had a solution, they would have deployed it; waiting until the problem occurs is terrible for confidence. They didn't "solve" it because they believe in fee markets, limited block sizes, and going off-chain (which they are still working on and probably still won't be functional for a year or so, if such new and unproven technology even works at all).

In the meantime... Stagnation...

well, i'm not losing faith at all. it's just a temporary thing that will slowly fade away when people calm down. i just focus on the good things and keep holding as always.

It's always been this way and until it has widespread utility that insulates it to an extent it always will be. Most people involved aren't hardened investors and are prone to running around in little circles squealing at the slightest provocation.

You are right. Now, problem is when would the FUD clear?

There will always be FUD...just more at certain times than others. Look at the stock market...everyone panicked when it finally started correcting just recently. After having been involved in BTC for over 2 years now, this is laughable. The average joe has no idea what volatility really is.

There is going to be plenty of FUD and volatility until we get much higher rates of adoption and maturity. A billionaire could step in and pump this thing to 5000 a coin easy and then sell.

This is why I recommend either be willing to hold long term, or be a very skilled day trader.

The block size issue is actually good. It would be a non-issue if adoption wasn't occurring.