Bitcoin Forum

Investors exit to sit on sidelines. Confidence in Bitcoin is undermined by the decentrally insolvable block size dilemma and unknown consequences of the summer halving.

Well that's plausible I guess.  You certainly can't deny that bitcoin is stuck around 420, and there's something keeping it there.

Do you think that Bitcoin will be so in the price range from 400 to 430 $?
Halving does not lead to a cost increase?

Lol, NICE TRY ETH SCAMMER.

Official 2016 Bitcoin halving playbook has already been released.  It happens to involve Eth cratering and BTC going up:

https://bitcointalk.org/index.php?topic=1428863.msg14465271#msg14465271

You butthurt much? It's not my fault BTC doesn't take off.
I haven't owned 1 Eth coin, my plot is to buy a little when the price is right ($2-3 range).

I think you may have a point there

What is wrong with Bitcoin being $420 per coin? The first coins I mined and purchased were much much cheaper....seems like we are doing just fine.

We got Eth scammers and Dash scammers piling into this thread praying BTC doesn't rise, which would crater all their scam coins.  Too bad it's going to happen.  Everyone knows it.  No matter what kind of weak propaganda you try to manufacture, BTC is about to go up a lot.

Ethereum or Dash being or not being a scam does not change the fundamental issue with Bitcoin and the blocksize debate. Over the last 24 hours we have seen the ETH/XBT pair having much higher liquidity than XBT/USD with ETH/XBT accounting for over 50% of Bitcoin trades vs approximately 17% for XBT/USD.. This if anything should be a wake up call for Bitcoin. I commented on this in the Monero thread https://bitcointalk.org/index.php?topic=753252.msg14493286#msg14493286 (https://bitcointalk.org/index.php?topic=753252.msg14493286#msg14493286).

My take is that the market is very uneasy about Bitcoin over the blocksize debate. Instead of selling for fiat some investors are looking at alt-coins. If some of these of these alt-coins have serious fundamental problems of their own, they may not be the winners in the end; however that does not mean that Bitcoin itself has some very serious issues.


You can rest assured that no matter how much energy is spent in debating the Dash instamine, it will not make Bitcoin scale.

There is no block size debate.  Core conceded on 2mb hard fork in 2017.  Segwit + hard fork  = 3.2mb blocks.  Unless you demand 8mb immediately, there is nothing to debate.

I could not care less about 1 MB, 3.2 MB or 8 MB in 2017. What I am interested in is in the possibility of a few TB, PB, or more per block in say 50 years. Why because it comes to financial matters I take the point of view that if one takes care of the long term the short term will take care of itself.

I would suggest reviewing Warren Buffett's 9 rules. http://www.fool.com/investing/general/2015/12/05/9-rules-that-helped-warren-buffett-produce-a-18261.aspx (http://www.fool.com/investing/general/2015/12/05/9-rules-that-helped-warren-buffett-produce-a-18261.aspx). This is how the rich got rich.

Now compare this with how the poor are kept poor:

0% Down. No payments until 2017 30% APR starting from the date of purchase.

It may be that it's just stable for now. The bearish alts market we're having might be caused by players having lost confidence on ETH, and has nothing to do with BTCBTCBTC at all.

People are waiting for the next pumping coin while getting out of eth where hype gone, they really don't care the next one is btc or lisk or whatever, as long as it could give you decent profits. (short-term)

yes indeed traders now a days just looking for easy profit doesn't think of holding coin for long term investment.
I think bitcoin price still good keeping it bet 415-430 is not bad anyways, but as many of us still holding for the
coming halving maybe that's why alt was affected as well.

Some of us are interested in the long term and not concerned about the short term. I do not like Bitcoin long term because of the blocksize issue.

@klarki: I've been saying that the halving is priced in--I can't see how it could not be.  But hey, if you think it's going to the moon right after the halving, put all your money into bitcoin now.  It'll be interesting to see what actually ends up happening.   Would be funny if the price actually tanks.

BTC is still going to pump. Even though the block size debate is/was critical and it's sad to watch how they handled it, there is still 2 much money invested there to just let it rot. Not pumping would cause some panic and negative thoughts imho.

Bitcoin is being more stable then some Fiat currencies pretty funny.
When you think about it

If you compare it of zimbabwe dollar yes, or other "shit currency" like this (and I am not even sure they are not more stable), but compared to euro, dollars and biggest currency I don't agree with you at all. don't forget where was bitcoin a few years ago.

Present market price of BTC is the result of people expectations now: therefore not everyone believe price will rise, otherwise price would aleaready be on the way up. The market seems hesitant with opposite feelings...

The size of BTC market cap suggests it can't be pumped when a large part of the community have lost faith in it. roach alone can't do it. There are no strong arguments in sight to restore the faith. In my playbook the trading range of BTC this year will stay in the $300-$500 bounds, no dramatic oscillations will happen in both directions.

The bearish alt market is just down to people sensibly taking profits, and the rest of the fall is usually triggered by stop losses.

"Profit-taking." Geez, that's a term I've hardly thought of since I showed up here! Thanks for the intervention, Capt. Obvious. :)

Which is why nobody takes any 1 and 2 star posters seriously, they're all Israeli banker shill accounts or incredibly dishonest, penny stock day traders.

Ha, you like to think you're a sleuth, don't you?
I assure you couldn't make a penny from your sleuthing skills, that's how bad you are.
Keep hyping the flawed Bitcoin to dump on unsuspecting n00bs, their blood will be on your hands.

^ Prime example of the bs the banker shills post with their automated spam accts.  This guy will be spamming about how Ripple is awesome in some other thread in a minute.

The altcoin price is not inversely related to the bitcoin. When the bitcon rises later this year, altcoin will also rise.

all the profits are going into LISk

Nah, the pumpers soon will start dumping the bitcoins they profited from the altcoin pumps.

Now everyone is taking more interest in bitcoin because of its price increase in the coming few months, everyone is investing more at there and I think that is why other crypto currencies are a little at low rate, and as soon the July is passed the time for other crypto currencies will start the people will then be free for investing in other currencies , so the time of altcoin is not far away.

The past correlations are a little relevant as the landscape has changed in the last three months.

Most altcoins lost approximately 20% of their BTC value over the past few days, for sure some mechanism is behind this.

I can imagine people are moving their money from altocoins to bitcoin, expecting a price rise. However, after the ETH pump a lot of new money flowed into altcoins, with some crazy pumps and price rises as a result. Possibly the new money wave as run out and the prices resettle a bit?

The important thing to figure out right now is of course whether or not the trend will continue, and if we should move our money as well. What do you guys think?

i don't know why people always try to attach every movement in the altcoin market to bitcoin's price. it is rarely relevant.

when the altcoin's price is going higher and higher we cans see countless topics saying bitcoin is dying so people are selling bitcoin to buy altcoin.

and now that those investors are dumping altcoin you say they are selling to sit on sidelines!!!

i don't care about this stuff , BTC is better than a year earlier.

Most altcoins are traded on exchanges using bitcoins.
So a sell out of alts automatically means that at least some of those investors are holding bitcoins.

well, this is not always true. sometimes they dump their altcoins to enter another altcoin which is starting to get pumped.

and the confidence in bitcoin is because of its huge trade volume which shows the interest of traders and the demand in the market.

it's more complicated than what you think.

https://www.reddit.com/r/btc/comments/48vhn0/the_owners_of_blockstream_are_spending_75_million/