Who's promising anything?   There are probabilities with everything, and if there is a certain level of increased adoption, then prices rise. There's a lot of ways to get there and a lot of potential obstacles along the way, and whether you are a newbie or not, you have to take information (especially that presented in online forums) with a grain of salt and ultimately come to your own conclusion about what is reasonable or not.

$7,700 is less than a 20x increase from today's prices, which as calculated a $163 billion-ish market cap....     Gold has a $6 trillion market cap, which even with a $7,700 projection for bitcoins would still be 40x larger than bitcoin.... And, a lot of reasonable analysis have already assessed a lot of bitcoin potentials that are quite more functional than gold.... so for example, there a are a lot of real world major contracts that get executed that require liquidity... let's say purchasing some kind of a multi-million dollar asset - a ship full of oil, or a large piece of property.  Easier to transfer the value in bitcoin than gold, and there may be reasons that the person prefers not to use traditional banking (or wants to save on banking fees).  When bitcoin has a larger market cap, it becomes much more feasible to transfer greater amounts of value without affecting price slippage... and in that regard a larger market cap becomes more useful... and reasonably expected to occur at some point in the near future, whether that be within a year or within possibly 10 years.

could be sustainable up to about $650, if we make it passed $480-ish.  In that kind of a case ($60 more dollars to go) there may be a bit of upward momentum.... Otherwise, you are correct, we have to get passed $480 1st and there could be a few resistance points along the path to $480... and we should prepare our BTC portfolios accordingly.

You cannot really slow down volatility until the market cap is approaching trillions of dollars, rather than billions.  Of course, $100 billion would likely be more stable and less volatile than $6.5 billion, but $1 trillion would be better, and $10 trillion would be even better.... however, $10 trillion is going to bring price per BTC over $500k per BTC, which would likely cause some people to consider those kinds of price projections as fantasylandia.

Your prediction is dumb, and based on nearly zero evidence, and almost pure speculation/conspiracy.... and whenever the price moves, you will say (and have been saying) that you are correct that it was manipulated by the government to cause us to believe that it is not manipulated. see more at: #DUMBztec.com

You can note all that you like.. in your little fantasy world, but it does not mean that what you are noting has any validity in the real world.

In essence, it sounds as if you are one of those wanna-be spin masters that keep repeating stupid shit until you hope that people will believe what you are saying to have some truth to it.


Didn't you even read BJA's post referred to in my above post:

https://bitcointalk.org/index.php?topic=178336.msg14327920#msg14327920

in which BJA pretty much admitted to what I was asserting that posters of his ilk do?  "Let's cause bitcoin prices to fall in order that core compromises with us"  



Of course, you read BJA's admission post, but you don't want to account for that admission because it goes contrary to your lil cozy narrative.  

In other words, you are engaged in name calling of others to call them "liars", while you are pumping out misinformation and disinformation.... and I suppose your lies are o.k.. because they are "white lies"  whatever,....   

If you want to write about something more important, I am more than willing to attempt to accommodate you in such, but this is a stupid ass line of discussion.  I am neither going to provide further evidence nor rescind any aspect of my earlier fairly innocuous assertion.

Yes, thanks for admitting it.  We already know that you have repeated such comments in this thread over and over and over, and ad nauseum, and despite your implied assertion of being "unique" and a "lone wolf" in this regard, you are not alone concerning this theme..

There a bunch of you apparent copy cat shills who are asserting pretty much the same thing.  Whether the attack is coordinated or not, the various clones seem to be using variations of different words to say pretty much the same exact thing that is reflected in my earlier representation of such, and that is:  "Let's cause bitcoin prices to fall in order that core compromises with us"  blah blah blah blah.. and some other variation and extreme or less extreme degrees of such.

You seem to be in a particularly rambunctious mood today.... and stepping up your baloney troll attempts to strive to talk about trivial and what should be non controverted topics.  Yeah, let's get caught up in the weeds.. and talk about the extent to which my comment is actually representative or a reflection of my opinion regarding what is representative and whether my attempting to prove the point moves the conversation along.     You are acting ridiculous.   

Further if you look a bit more carefully at my comment... maybe work on some of your reading skills, then you will be able to verify that I said that they "say" these kinds of things, yet I did not make any representation regarding the extent to which they may follow up with attempting to cause the price to fall... though I could probably give you the benefit of the doubt that saying and whining about such topics could also be inferred to be attempts to cause BTC prices to fall in order to "send a message to core."

I'm not going to provide you a link of my paraphrasing of a theme because you are just striving to cause me to do work over what should be a non-disputed point.  That's what trolls do, and it would be better if we talk about substance rather than getting caught up on meaningless technicalities of providing proof over what should be non disputed points.

This paraphrased theme of "Let's cause bitcoin prices to fall in order that core compromises with us"   is so pervasive and common amongst a large number of XT/Classic supporters (anti-core folks) that a link is not necessary.   

Are you really saying that you do not believe my representation or what is your point, exactly? 

Hopefully, he set aside at least 1 bitcoin, in order that he could have at least $1million spending money when he gets out.      

I see what you are saying, and it seems to be largely building off of hong kong commitments, and I personally believe that those were fairly solid and sufficiently adequate commitments, even though they may have been tentative and conditional.

Nonetheless, sometimes, I believe a lot of people tend to equate too much the concept of increasing the blocksize limit (from 1mg to 2mb) as if that has to be a hardfork, or maybe they are just throwing around too much the idea of hardfork, which distracts the conversation.

In essence, the tentative plan remains that Segwit will go live, and based on various scattered writings that I have seen, I would anticipate that release to be in May/June rather than April, which will also put off the release of 1mb to 2mb increase code language by a couple of months.  Nonetheless, we could still end up having the implementation of some blocksize limit increase code (from 1 to 2mb) in mid to late 2017.   

Whether that blocksize limit increase would be a hardfork or a softfork is still to be determined, and I get the sense that if it can be accomplished via a softfork, it will be accomplished in that way... and if for some reason, there does need to be a hardfork, then such a hardfork would be attempted in a non-contentious manner... unless the hands of core is forced to have to implement with a hardfork.... which seems to be a less likely scenario in my humble bumble opinion.

 


We can look at weekly or 3 day trade volume charts..... (and Bitstamp is a good trade volume reference point because it does not engage in margin / leverage trading).

in the summer of 2015, we had a bit of a false start regarding BTC price movement because BTC trade volume picked up and then dried up, again.  If you recall that was the price move from $230s to $317 and then back down to the $230s.   

Then in late 2015 starting from mid-August, we had a decent pick up in BTC trade volume that lasted more than 4 months until late December 2015... (the move from $230s to $502 and back down to lower $300s and back up to $360 to $460 range).

Since about the beginning of 2016 there has been some drying up of BTC’s trade volume... and quite a bit of ongoing contentiousness in the bitcoin community regarding blocksize limit, governance and hardforking.

Further, the last three weeks seem to have demonstrated additional drying up of BTC trade volume and some temporary acceptance of this lower $400s price range... maybe there's some widespread and contagious "let's wait and see thinking" going on at the moment? I have my doubts regarding whether price stagnation is completely attributable to contentiousness in the bitcoin space, though there's no doubt that public sentiment remains a component in price dynamics of any asset, commodity or whatever the fuck is bitcoin.

I would not be surprised for a price break out in either direction or just a continuation of the relatively low trade volume for a couple more months....

I don't think that the current drying up of BTC trade volume means too much, except that there is some continued price consolidation going on in this lower $400s price range... and no one really wants to (or is able to) fight the direction of BTC prices too much. The big players are likely to continue attempt at testing price here or there in order to attempt to verify if they can get prices to move in one direction or another or to get others to jump on-board... but in the end, when we are stuck in a kind of consolidation, even big players can't really be successful in getting BTC prices to move too much or to get others to jump onboard when attempting to signal in one direction or another.

I think that at this time, we cannot really read too much into the low BTC trade volume.. except maybe relax and accumulate BTC if you happen to be bullish and relax and dump BTC if you happen to be bearish (that is if you have any BTC to dump)...

Sometimes I will attempt to trade BTC on less than $5 price increments but only if the price happens to be hitting my price points... and in this most recent $410 to $419 range of the past five days, I did not really catch BTC price points very well.

In other words, there has been pretty low trade volume from me, too. About 5 days ago, when BTC prices moved above $410, I sold some in the $412s, $415s and in the $417s, and then bought back some in the $414s... and now I feel kind of stuck with my next sell point above $418 and my next buy point below $412...   Even though I may feel stuck at the moment, I have found that as time passes, I tend to narrow my consolidation of buy and sell points to bring them closer together when there seems to be long periods of prices being stuck in a range and I have not been buying or selling for such a long time...

link or it didn't happen...


Are you referring to the hong kong roundtable resolution or something else?

You gotta take a broader look at bitcoin's prices, and you will realize that the blockfullidshit is not materially having an affect on BTC prices... and BTC prices are generally preparing to go up. 

There are 7 years of pretty stupendous growth and a bit of a correction with ongoing likelihood of upwards movement.

We had nearly a year of very much downward price pressure.. in the $200s...  and then we are continuing upward.... surely, upwards is not guaranteed, but more likely than not that BTC prices are going to continue up rather than returning to the $200s .. we may even get some movement into the $300s or down to $350... but seems difficult to achieve such and there have been several attempts over the past few months.

Yep... it will continue to rise, despite all the fearmongering, when people realize that a whole hell-of-a lot of the fearmongering is in the air, rather than in actual technical problems.

Bitcoin is in a decent technical place right now... especially with segwit on the horizon, and the ability to increase to 2mb, in the event that it is needed.. and fees being totally reasonable and transaction times being totally reasonable.. and developers continuing to build upon it and likely that we are going to get some killer apps at various points in the coming years.

Hahahahaha

Seems like you really got me there.

I agree that bitcoin is a long way from the masses, and likely it doesn't matter what the fuck the masses think because they are going to be largely uninformed.. and not currently ready for bitcoin, yet.

Nonetheless, I think that part of my point was aiming at increasing adoption, speculation and investment and continued bitcoin growth....... from whoever is investing in bitcoin...  there are some people who are fooled, confused, discouraged and mislead by the ongoing screams (even if not rational) of discontentment.    Some of those people are even informed about bitcoin, and after a while, they are going to begin to see through the sky is falling bullshit that is extremely exaggerated and less than logical in it's contradictions and all-over-the placeness.

I agree with your overall points, Icebreaker; however, it seems that it could take awhile before the masses see through the various bullshit and the multiple weak-ass rage quits.

In essence, you seem to be correct that a lot of them seem to be mad for the mere sake of being mad, and it makes little sense what they are mad about, and they are seeming to cause their own issues, such as they say:  "Let's cause bitcoin prices to fall in order that core compromises with us."  Then they cause prices to fall, and then they say:  "LOOOOOOK!!!!!!!  This is Bullshit that bitcoin's prices are falling!!!!!!!!"    And, they caused the very thing that they are complaining about.  Crazy and contradictory at the same time... and seems to make little to no sense in the real world.

Not any more than the next guy.   hahahahaha... thanks for the prompt.  I really wanted an opportunity to use that statement.


Well, thank you for that.


you made spaces in your post to separate subjects?   

I've seen hundreds of posts about XT and classic in this thread, and it is not even the right thread for such... I mean , surely, you could argue that it relates to price some how, but really it is quite a tangent...

I've also seen a lot of threads in this forum that discuss XT and classic, but I don't participate in those threads because I already feel overwhelmed in this thread with that blocksize/governance/hardfork topic that does not really interest me, but I am forced into discussing it, over and over and over and over again.  

Personally, I would rather discuss the BTC price movement and the walls etc directly... but whatever, posters here divert into all kinds of wild and non-topical discussions of the world... and we can just scroll over those, I suppose.

And, really, you haven't answered the most important question about when are we gonna get some beers.....

I mean if you can last a few more months in this forum without getting yourself banned, then that achievement may be worth a few beers, don't you think?    

it would be better if you didn't quit...

I mean who the fuck cares about the admins/mods... they are not really stopping you from saying what you want... except maybe when you get too much into direct attacks on them and their moderation...


And, it could be that if you step away from the keyboard for a little while, then come back after a vacation... hahahahahha...  Easier said than done...    I have at least three computers of the bitcoin prices running on an ongoing daily basis in various parts of my set up in order that I can monitor bitcoin prices and discussions from almost any angle and at any time that I want.. and then my phones as well.. so it remains really difficult to truly get away from bitcoin monitoring for more than a day or so......

just gotta get chartbuddy back.. or chartfriend, and the thread will be back in business... and ready to say fuck you to the banks.... well maybe not that much, but something in that neighborhood.