solidly??.. nope

less than a month ago it was $6100
a fortnight ago it was below $9k

a solid resistance point is still $5k-$6k anything above this is speculative
but the solid resistance point it does rise... SLOWLY
emphasis slowly.. not jumping $3k over a fortnight.

this $10k price is still speculative.. it can go up or down

the $8-9k is based on the maths of cost to mine a bitcoin
the $5-$6k is based on looking at the lows and drawing a trend line across the lows of long periods.

i call the LOWS the waterline of a bathtub of water and the highs the soap BUBBLES of a bath of water..
yes there can be a big nasty event that pulls the plug out of the bath and the waterline goes down. but if you look at the water line for the last few years. so far there has been a steady increase

here, for those that love images

most of the spam is actually from MIXERS..
but the OP is a reddit reader so will sheep follow propaganda.

a real spam attack is where the many transactions are only 1-5 confirms before being respent again., which is obviously out of character for normal real world use by real people needing to move their real value.

a fix would be a tx fee priority formulae which makes it cheap for people that only move funds once or twice a day, but more costly if they are moving funds more often

EG
imagine if it was 1sat/byte if you have 144 confirms(a day since it last moved) and be something like 144sat/byte if it only has one confirm(only 10 minutes since it last moved)

this too can be done without a fork.

its not a resistance point. its a settling point. there is still speculative hype/vapour value below $10k..
i edited previous post after doing some maths and explaining more detail..

but all that matters is stop caring about todays price and trying to make people think todays price is true value.. or that decembers high was true value.
just stick with not caring about the up's and only care about the lows and you will start to recognise where true value lays and what to expect over time

more like $5k-$6k is the resistance point for traders.. and about $8k-$9k for pools is their resistance point after doing some maths

this $10k is not a true low point for the month, its just a stable bit of speculation where people are not sure if it should go down or up.

.. take real estate (im just multiplying bitcoins prices and values by 10 as a comparison)
imagine it cost $80k-$90k to build a house and no one would be stupid to sell a house for less..
and there are a few house owners that still have houses that they bought averaging around $50-60k when they bought it

todays real estate market puts the average house sell price at $106k... however there could be another recession back down to near $60k or overhyping the real estate market where a house can go for $200k

once time passes and say over a year it never goes below $100k then house builders would be more confident to build more infrastructure and more securely built homes that cost nearer $100k to build knowing they will cover their costs.

much like mining bitcoin. pools wont spend on asics and electric the equivalent of $10k a coin unless enough time has passed to see a good trust that it wont go down to $5-$6k again.

..
if you do enough research you will see its multilayered. where traders bought at way below what it costs miners.. hense the resistance point of $5-6k is lower than miners cost/btc of $8k-9k

but if over time we dont see the price drop to those low levels again pools will spend a bit more. and traders will also raise their own resistance to sell lows too. but that takes time.

right now its a safe hedge to say $5k-$6k is the bottom.. because both traders and pools wont dare sell below that unless completely stupid

forget about the 'all-time-high' prices
those prices are just empty speculation hype, which in many financial industries call the bubble price

look only at the 'all-time-low' prices long term and draw a line
 and you will see a more steady incline(rise).
yes this ATL price is much lower. but this line is the resistance point where people will refuse to sell below unless they are stupid.

this line is more commonly what smart investors would deem the true value.. and as i said at first, anything above that line is just speculation.

 

banks have LAWS such as legal tender, minimum wage and tax that ensure that FIAT stays in circulation. so they are not worried. cryptocurrencies do not affect their business model.

after all when one person buys bitcoin. their fiat does not burn up. it just moves to the sellers account.. meaning fiat is still in circulation .. this is why banks dont care how many cars people buy or how many iphones people buy. to a bank fiat just moves from one account to another. and that goes for cryptocurrencies too

banks will however close local bank branches and cut costs in the future
banks will change their current database model (that require tonnes of security and auditing) for a blockchain equivalent data store (research hyperledger)

eventually it will all be done via an app on a phone and if your lucky a call centre. but be sure of one thing, while there are LAWS that keep fiat in circulation. banks and governments will still control 99% of common use finance.

that said. international trades and local trades between private parties/smaller businesses will offer accepting cryptocurrency. but remember cryptocurrency is just code.. it has no voice, no arms no legs. so dont sit on your arses waiting for cryptocurrency to jump up and have a meeting with your local retailer/landlord to get them accepting cryptocurrency. if you want it to happen in your area, you have to push for it.

i do not look at the highs.. thats just the speculative bubble area..

i look at the long term lows. thats the true value resistant point. and over time it has had a nice smooth rise

screw it
heres proof that craig doesnt understand satoshis vision
https://www.youtube.com/watch?v=64E8FzUd0no
just watch the first 4 minutes
(P.S craig skpyed from his UK home because he cannot attend the sydney event in person out of fear of arrest)

just grabbing data from a third party and trusting it is not satoshis vision
satoshi's vision is decentralised and trustless..
craigs vision is oligarchy and trusted.

nodes have a function. its the whole point of decentralisation
imagine a pool made a block.. if nodes accept it. then they will reject the other pools competing block. if a node rejects the block then they accept the competitors block.

this is why pools have a 100 confirm maturity on their block rewards so that they can only spend funds when the network deems a block valid and then on a 100 block ahead of it length that there is little to no chance of it being bad.

merchants need a clear and checked blockchain that they have checked themselves and not just trusted that a pool has checked.
after all bitcoin is trustless.

if we followed craigs rationale that merchants and users should not run nodes and just trust what pools send out is valid.. we are no longer on satoshis vision, but (ELI-5:) simply accepting a bank statement that a bank sends us

gotta laugh at his mindset at the 4th minute.. "the vision of bitcoin is wrong.. it would be great if we had banks in countries running bitcoin"
lol that video alone and that quote alone really shows he has no idea about satoshi's vision nor the real point of bitcoin
did you even look at the message in the genesis block. satoshi hates banks and wants people to move funds without banks
craig wants the opposite

he is not a passive person. have you seen his youtube video's he is arogant and self centered

those that have worked with him have said his attitude stinks
those that have done business with him have seen him for what he truly is.

please do your research
P.S read the letter from dave to craig in the link i first posted to the other topic.. dave never gave craig a penny.. davs brothers case is empty of anything.. its all a ruse to bait media attention again and then when the case falls flat.. use the case fallin flat as empty proof..(like a double negative hoping its enough to make a positive)

and thats buterins point.. craig does all this deceptive crap to avoid just signing a message. craig even bribes people to write stories in media and getting people he knows to open a court case they both know wont go anywhere.. rather than do the simple task of signing a message or moving the funds.

the reasono craig is doing all this
1. he got caught red handed running a scam
2. he hows hundreds of millions to not only the australian governemtn but to many investment companies.
3. he has the australian government on his back
4. he has many corporations on his back

if he didnt owe multiple millions he would not bother with this. but because he cant really return to australia without seeing handcuffs and he cant clear his name any other way. all he can do is dig himself a deeper hole and hope people are dumb enough to believe him based on paid for media stories.. not proof

craig is not relying on providing proof.. but just using media to provide "reasonable doubt"

there is plenty of evidence
read the stuff from the australian tax authorities, read from the companies that got scammed from his tulip trust collateral

he is being chased left right and center by many people with court orders against him..

oh.. and funny part is this latest daves brothr sues craig..
that story is a double agent scam..

heres how it goes
person C wants to prove he is S.. so he writes a list of public information and gets D to witness it.

D's brother knows its all fake but C will pay D's brother if D's brother tried to sue C

the ruse is this.
show the list of public information that disproves D's brothers case.. (done purposefully between C and D's brother knowing thats whats gonna happen)

to then pretend the case itself is the proof that C must be S.

even though there is still no private key used to prove the funds are in C's control

craig wright is trying all these stupid ways to try getting the aussie government and a bunch of corps he scammed off his back. but he knows he cant actually prove he owns the coins with real proof. because he doesnt have the keys.

all he can do is use media and stories and now a fake lawsuit that is designed to fail, purely to make the failure look like the proof. without actually showing proof

he is not a professor/lecturer!!!

he was a unpaid adjunct academic. not a paid adjunct lecturer
the difference is simple

he was a student that got free scholarship by being a shadow(teachers assistant).

please please please do your research.
also you keep obsessing over the asian influence.. sorry but you need to do alot more research..

P.S reddit and linkedin are not good sources. look deeper

lol all im reading is your belief and faith like he is your god..
your sounding like a religious believer in him more so than a fact finder.

next time use knowledge and facts, not emotions and beliefs.
sorry but real world evidence supersedes your beliefs

but have a nice day

charles sturt denied giving him a PHD
craig wright said his PHD was in theology... not computer science.

plus he is not a professor in australia.. he is hiding out in the UK and cant return to australia out of fear of arrest

please research harder.

neither buterin, craig or dave are satoshi..

here i made a short version of why dave and wright are not satoshi
https://bitcointalk.org/index.php?topic=3032215.msg31194506#msg31194506

.. might help you research better

the same cobra that wanted a total rewrite of the satoshi whitepaper but still wanted the rewrite to be called the satoshi whitepaper

for me its simple.
IGNORE the high price and the "all time HIGH"..
instead look at the all time LOW
draw a line.. and that there is your resistant point. anything that goes stupidly above that in a short period has a higher risk of tumbling back down to the resistance point. but the resistance point is your safety net

just write good posts because ranks are meaningless.

dont blame legends for not helping your promotions for a rank, which by the way doesnt really give you any advantage.
instead do a good job and you will get noticed

legendary members dont need merits because they are already "top" but legendary members wont give merits unless they see the person posting is actually thinking about a topic or questioning a certain subject in a way that deserves a pat on the back.

legendary members dont think about it as 'this person needs a merit because he deserves to be promoted to legendary faster than others'. they give merits because the post had content worth a round of applause.

stop thinking about merits as a promotion. think of it as a job well done.
like employment. dont cry because your employer isnt promoting you faster purely because you have only had the job for 6 months. instead do a good job and you will get recognised, given a pat on the back.. and as the subtle side effect of doing a job well done often. you will get the promotion sooner.

i would employee a fresh recruit sooner if they showed good understanding and a out-of-the-box mindset compared to a employee who has 25 years under their belt just plotting along doing the same boring thing each day

after all.. even if you are legend tomorrow. your not really going to get anything from it.. i certainly have not seen any benefit of being a legend. and i been on this forum since 2012.

a good real life scenario is the whole florida students vs NRA/senate.. more people are interested and praising the florida students for their words compared to the high ranks of NRA/senate

respect and acknowledgement is earned. not given

for me the equal attention comes from how accurate the title and content of the post is.
just like media news headlines. if the title of a news headline is boring it wont get my attention. if its inaccurate id read it and try to correct the person. if the title is groundbreaking and interesting id read and give it my attention.

i would say the titles on the main page do not reveal merits. so its the title that grabs attention.. not merits.
because you dont know what someones merit is until you have atleast read and clicked the title.

so if you want the attention. write a good title for your post

i personally dont base my biases on ranking. i base it on how well thought out their posts are.

EG did they sit down and have a coffee and really think about what they were going to post. or are they just being sheep to the propaganda of reddit. copy and pasting nonsense and using the obvious buzzwords of the month that show no original thought

many people know i have helped and supported "noobs" to understand better, and also facepalmed and treated some legendary members as naive dimwhits.. purely based on what they post. not their ranking


as for democracy.. sorry but merits are not some voting system of electing anyone.. its more like a round of applause or a well done pat on the back. nothing more