Finding some sort of a mid way solution that will hammer down all negativity around the never ending block size discussions. Basically every thread gets hijacked by those that don't want to contribute with support for SegWit. Bitcoin's demand will grow regardless of this or other ETF's, but it will require people to have a bit more patience. Beside that, the +$1300 peak was nothing more than a fake pump attempt. Don't add much value to it.
This roght here is the biggest problem right now; the community refusing to accept function critical improvements. Effectively signing the death sentence for their own investment. Quite hilarious if you ask me. That's funny, it's completely the other way around. The majority of the community is willing to support improvements, but a small (small but loud) group of people jump on every block size related thread and start derailing it immediately. SegWit is here and should get activated. Pools at this point are the one to be blamed for not willing to signal support for SegWit. If they just cooperate, then Bitcoin can move forward. It's kinda important miners adopt these improvements.... since that's not going to happen we have a big ass problem for the future of the ecosystem. |
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It fundamentally can not recover as the community refuses to accept solutions to the scalong problem.
Of course manipulation can still do things but it's nothing stable.
As long as we do not fix bitcoin it can not grow!
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Finding some sort of a mid way solution that will hammer down all negativity around the never ending block size discussions. Basically every thread gets hijacked by those that don't want to contribute with support for SegWit. Bitcoin's demand will grow regardless of this or other ETF's, but it will require people to have a bit more patience. Beside that, the +$1300 peak was nothing more than a fake pump attempt. Don't add much value to it.
This roght here is the biggest problem right now; the community refusing to accept function critical improvements. Effectively signing the death sentence for their own investment. Quite hilarious if you ask me. |
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Anyone that ever thought it would get approved is completely delusional and doesn't understand both the power of bitcoin and its flaws. Both sides are reasons why a value above $500 can bever be sustained.
Unless we fundamentally start fixing things this boat will only sink. And the community has basically already voted for that by rejecting SegWit.
Sec ruling will take us back to $500 and when chinese exchanges enable withdrawals again we could even see $200 again.
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Byebye $1000 until never.
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With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.
The problems are only getting bigger and bigger.
ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.
We will hit $800 by the end of the week and are probably not going to get that high anytime after that..
I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.
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ETF will be declined causing a major crash.
China announced strict supervision on Bitcoin and are lokely to shutdown exchanges in the near future.
BU bitcoin hardfork will cause big chaos within the ecosystem.
Oh i almost forgot... Bitcoin does not scale ornoffer any usable privacy!
You really wonder why it's coming down from deluded insane high prices?
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What the heck is wrong with you people? BU is a solution to some of the biggest problems bitcoin faces and instead of embracing it y'all angry because you're too stubborn and stuck in old ideas. Even Satoshi wrote in his papers that this change would be essential with the growth of Bitcoin.
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As we can see, we don't need ETF to fail. Bitcoin will crash and burn just fine without it gettinf approved or denied.
The Chinese are hardforking bitcoin with a huge userbase and better properties. This time there may be no recovery.
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Of all the crypto aimed at privacy DASH has to be the worst investment of them all on a technical level, the only thing they have going is for them is HYPE and bashing better alternatives with lies.
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The number of people that completely lack any basic understanding of networks or economics seems to be growing rapidly. This combined with manipulators is the only thing driving btc at the moment.
You can't just overcome fundamental protocol flaws with idiots adopting something, it will crash hard at some point.
Bitcoin fundamentally does not scale and there is no plan or consensus on how to resolve this huge problem.
Bitcoin offers no usable privacy.
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While I agree that ETF approval is unlikely to happen I disagree with the claim that it will bring price of bitcoin down to $600.
Traders are aware that SEC stamp of approval won't be easy to obtain and 11 March might not be the final date.
But you are right when market will react allergically then it will be ideal time to buy BTC, the best we can wish for.
The ETF lies and hype is all that is holding this bubble together. Bitcoin failed to deliver over and over on its promises. It does not scale, not even to its current size. It does not offer any useable privacy. |
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As per my technical analysis, this bull run may last till $2000 prices regardless of what would be the result of bitcoin ETF will get. Because bitcoin already got sufficient media coverage to get enough new investors to reach there.
Bull run or no bull run, eventually the price will surely hit the $2000 since it's only a matter of time. However, the ETF approval might give the price a significant boost as it will allow institutional investors to enter the market. The effect of money from these investors flowing into Bitcoin should not be underestimated. If they jump into Bitcoin by great numbers, then even $2000 will be considered peanuts in the long term. ETF will be finally approved, no matter in 2017 or later years, we can be very patient, and even without bitcoin, the price can be pumping significantly. I don't worry about the price. Stop spreading these toxic lies. It's not helping bitcoin as a whole. |
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Not this bullocks again.
There is no ETF coming.
Every few months or so for the past 4 years people have been yelling that. Not going to happen and this bubble will pop again as it always does.
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Because it takes time to convince enough fools to buy into it and only a second to dump to make profit on them and leave them hanging with losses.
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Where are the more likely options like 800? 500?
Have we forgotten that bitcoin fundamentally does not scale and offers no useable level of privacy?
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It seems i was right after all.
An insane amount of shorts are being filled right now. Smaet people making massive profits. We can expect this to continue for a while.
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For God sake don't buy now.
When the Chinese exchanges open up again you can expect a massive dump. And i mean MASSIVE. We are looking at 50-70% drop in price.
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55k Bitcoin in a short position ? Holy mother..  55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550 550 bitcoin short And the worst part is that if we cross the 1150$ he'll lose everything Oo You imagine that? Seeing 500k$... Disappearing... The guys must be like a crazy bitch in front of his computer!!! Refreshing the chart every 2 seconds xD As the CSO stated, they will not let that happen, they will protect those people. |
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CSO of Bitfinex was on whalepool chat saying they would protect short sellers in case of cascading margin calls to the upside.
Why on earth would the CSO get involved in individual trades? He should do his job of running an exchange.
If short traders are foolish and get hurt, that's life.
I agree, if they made their bed then let them lie in it. Shit happens, if you gamble your lofe away financially by shorting then you must face the consequences. Rather shocking to see that comment. It's none of their business. To protect their customers they will attempt to manipulate the market once more? As if there isn't enough manipulation going on. This CSO should be fired imho. |
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