2016 will be a boring year for bitcoin

[john2231]

This 2016 is not boring year for me for bitcoins.. and i think this is a happiest for me for bitcoin because the value of bitcoin is very high to me.. I bought my bitcoin when the price is 370 so that i made some profit but i will wait for halving ends so that if the price goes double i can make more profit with my bitcoin..

[1713864227]

1713864227

[alani123]

I find this recent video of the Daily Decrypt intriguing. It suggests that for bitcoin to achieve progress in the arms race that has become digital currencies, it'd need to establish some meaningful form of governance for development. I'm not saying that I agree with that statement but I haven't seen it being discussed.

With nothing but toxic debate coming out of the community for the last few months, it's not that surprising that some say it might be overtaken or reach hiatus.

Isn't the nature of the problem that there is a fumbling type of government - Core & Chinese miners - that large amounts of people aren't happy with?

I think it would take an awful lot for current users to jump ship, but there's probably an untapped appetite for something that may bring in enough new users to swallow up the old guard, most of whom are just in it for the money anyway and would jump ship too.

The hard core may be left behind but even a significant number of them want something that just works. If Bitcoin can't do that then they're going to shop elsewhere too. Question is whether any type of transition could be made without a general loss of faith.

Now that I think about this, back in the day the bitcoin foundation was funding core development we weren't faced with such schisms. Developers were always free to develop altcoins but the bitcoin community believed in unity. I don't necessarily agree with what's stated in this video as I do believe that bitcoin's development is already governed in a way. To be fair though, bitcoin is still developed and useful features are implemented at an acceptable pace. Development isn't slow, it's just that the system of development was destabilized. In my opinion, it was this destabilization that let Gavin Andresen to his misguided attempt to fork bitcoin with XT.

What matters though is that all this drama isn't helping bitcoin and certainly paves the way to make 2016 a very boring year for bitcoin.

[sadasa]

This 2016 is not boring year for me for bitcoins.. and i think this is a happiest for me for bitcoin because the value of bitcoin is very high to me.. I bought my bitcoin when the price is 370 so that i made some profit but i will wait for halving ends so that if the price goes double i can make more profit with my bitcoin..

I shall also wait for the halving before making decision to sell or not. I might keep most of them for the long term.

[1Referee]

This 2016 is not boring year for me for bitcoins.. and i think this is a happiest for me for bitcoin because the value of bitcoin is very high to me.. I bought my bitcoin when the price is 370 so that i made some profit but i will wait for halving ends so that if the price goes double i can make more profit with my bitcoin..

I shall also wait for the halving before making decision to sell or not. I might keep most of them for the long term.

The times around the block halving will be the most interesting times for traders due to the volatility. If you trade well you can increase your coin count during the heavy ups and downs. One thing is sure, never sell all your coins. People who have done this regret it time on time again.

[TastyChillySauce00]

This 2016 is not boring year for me for bitcoins.. and i think this is a happiest for me for bitcoin because the value of bitcoin is very high to me.. I bought my bitcoin when the price is 370 so that i made some profit but i will wait for halving ends so that if the price goes double i can make more profit with my bitcoin..

I shall also wait for the halving before making decision to sell or not. I might keep most of them for the long term.

bitcoin price after halving can't predicted, it'll either increase a lot or increase a bit,but i can sure the price is not going to go down,and there's still a chance of getting profit from trading bitcoin without needed to wait until halving happen because it'll just waste your time,just sell when price up and buy when price down

[bitmarket.net]

Boring is good.

Do we really want 50% moves up and down within a week ?
Price stability is good for the wider adoption of bitcoin.

That will lead to more people using bitcoin for remittances, for payments and for storing their wealth.

[richardsNY]

Boring is good.

Do we really want 50% moves up and down within a week ?
Price stability is good for the wider adoption of bitcoin.

That will lead to more people using bitcoin for remittances, for payments and for storing their wealth.

I also prefer stability over volatility, but we have to face it. The majority of the traders are eagerly waiting for peaks and dumps so they can play the market to make profits. Without volatility I think traders will pull back their money from Bitcoin. Volatility attracts a lot people. Even if we reach the point where we can say 'Bitcoin is stable' then again it will be more than difficult to get the average joe on board as they are brainwashed by the media.

[techgeek]

Boring is always good lol.

Like some people point out that being stable is more looked at then just price flux.

I rather see something $50 increase that stays for 6 months, then a $600 price jump out of no where and fall within hours or 2 days.

[MaritiJames3]

Boring is good.

Do we really want 50% moves up and down within a week ?
Price stability is good for the wider adoption of bitcoin.

That will lead to more people using bitcoin for remittances, for payments and for storing their wealth.

Indeed if you look at it from that position its good if the bitcoin will be boring because that means its gets stable.
But I do not think this year will be boring also due to the fact the halving is coming this year.

[mrhelpful]

I find this recent video of the Daily Decrypt intriguing. It suggests that for bitcoin to achieve progress in the arms race that has become digital currencies, it'd need to establish some meaningful form of governance for development. I'm not saying that I agree with that statement but I haven't seen it being discussed.

With nothing but toxic debate coming out of the community for the last few months, it's not that surprising that some say it might be overtaken or reach hiatus.

Isn't the nature of the problem that there is a fumbling type of government - Core & Chinese miners - that large amounts of people aren't happy with?

I think it would take an awful lot for current users to jump ship, but there's probably an untapped appetite for something that may bring in enough new users to swallow up the old guard, most of whom are just in it for the money anyway and would jump ship too.

The hard core may be left behind but even a significant number of them want something that just works. If Bitcoin can't do that then they're going to shop elsewhere too. Question is whether any type of transition could be made without a general loss of faith.

The core of the problem is based on the community betting everything on chinas network to grow.

And with that comes with one sides miner monoply play. And if that network goes down for whatever reason, our confirmation times will be drastic.  

As for your point on jumping ship, no one wants to do it esp the boat that is still floating.. lol.

[MaxTax]

I find this recent video of the Daily Decrypt intriguing. It suggests that for bitcoin to achieve progress in the arms race that has become digital currencies, it'd need to establish some meaningful form of governance for development. I'm not saying that I agree with that statement but I haven't seen it being discussed.

With nothing but toxic debate coming out of the community for the last few months, it's not that surprising that some say it might be overtaken or reach hiatus.

Isn't the nature of the problem that there is a fumbling type of government - Core & Chinese miners - that large amounts of people aren't happy with?

I think it would take an awful lot for current users to jump ship, but there's probably an untapped appetite for something that may bring in enough new users to swallow up the old guard, most of whom are just in it for the money anyway and would jump ship too.

The hard core may be left behind but even a significant number of them want something that just works. If Bitcoin can't do that then they're going to shop elsewhere too. Question is whether any type of transition could be made without a general loss of faith.

Now that I think about this, back in the day the bitcoin foundation was funding core development we weren't faced with such schisms. Developers were always free to develop altcoins but the bitcoin community believed in unity. I don't necessarily agree with what's stated in this video as I do believe that bitcoin's development is already governed in a way. To be fair though, bitcoin is still developed and useful features are implemented at an acceptable pace. Development isn't slow, it's just that the system of development was destabilized. In my opinion, it was this destabilization that let Gavin Andresen to his misguided attempt to fork bitcoin with XT.

What matters though is that all this drama isn't helping bitcoin and certainly paves the way to make 2016 a very boring year for bitcoin.

You never know what will happen for Bitcoin in 2016. Maybe it will be a good year or a bad year. That is very hard to predict.
But it is hard to say for what is going to happen in the future, because you cant predict a currency. It is always changing.

[y8tvkid]

I find this recent video of the Daily Decrypt intriguing. It suggests that for bitcoin to achieve progress in the arms race that has become digital currencies, it'd need to establish some meaningful form of governance for development. I'm not saying that I agree with that statement but I haven't seen it being discussed.

With nothing but toxic debate coming out of the community for the last few months, it's not that surprising that some say it might be overtaken or reach hiatus.

Isn't the nature of the problem that there is a fumbling type of government - Core & Chinese miners - that large amounts of people aren't happy with?

I think it would take an awful lot for current users to jump ship, but there's probably an untapped appetite for something that may bring in enough new users to swallow up the old guard, most of whom are just in it for the money anyway and would jump ship too.

The hard core may be left behind but even a significant number of them want something that just works. If Bitcoin can't do that then they're going to shop elsewhere too. Question is whether any type of transition could be made without a general loss of faith.

Now that I think about this, back in the day the bitcoin foundation was funding core development we weren't faced with such schisms. Developers were always free to develop altcoins but the bitcoin community believed in unity. I don't necessarily agree with what's stated in this video as I do believe that bitcoin's development is already governed in a way. To be fair though, bitcoin is still developed and useful features are implemented at an acceptable pace. Development isn't slow, it's just that the system of development was destabilized. In my opinion, it was this destabilization that let Gavin Andresen to his misguided attempt to fork bitcoin with XT.

What matters though is that all this drama isn't helping bitcoin and certainly paves the way to make 2016 a very boring year for bitcoin.

You never know what will happen for Bitcoin in 2016. Maybe it will be a good year or a bad year. That is very hard to predict.
But it is hard to say for what is going to happen in the future, because you cant predict a currency. It is always changing.

Yeah, but I don't think that it will be that boring year for bitcoins, as halving is on the way so we can expect some good news in this year, and I think anything above it would be a satisfactory year for all of us.

[greghansel89]

I doubt that it will be a boring year for bitcoin as the way i see it in the next 5 months everyone will be partying with the halving.

[BitcoinHodler]

looks like OP was not right so far.
there has been 3 months into 2016 and the year has been so interesting so far. at leas in my eyes.
the price has gone up and the interesting part is that there has been two big push downs which bitcoin could revive and come back up again.

[angryrob]

looks like OP was not right so far.
there has been 3 months into 2016 and the year has been so interesting so far. at leas in my eyes.
the price has gone up and the interesting part is that there has been two big push downs which bitcoin could revive and come back up again.

Its been exciting year so far, and this year will continue to give us some exciting news and exciting value of bitcoin in next few months, so I am waiting for it and I hope that bitcoin breaks all records in this year.

[ingiltere]

2014 was very volatile, 2015 was very boring. 2016 will be the year the next party everybody wait for 3 years.
More recognition in mainstream, more users, more user friendly apps, more real life usage, block halving, more coins in circulation and better price. It all happen in this year, we can clearly see that.

[n0ne]

looks like OP was not right so far.
there has been 3 months into 2016 and the year has been so interesting so far. at leas in my eyes.
the price has gone up and the interesting part is that there has been two big push downs which bitcoin could revive and come back up again.

Its been exciting year so far, and this year will continue to give us some exciting news and exciting value of bitcoin in next few months, so I am waiting for it and I hope that bitcoin breaks all records in this year.

This year is considered to be a great year for bitcoin. At the beginning it faced few decrease in the price which continued to grow when months passed. As the halving is also taking place this year bitcoin price will surely increase making this a year of bitcoin.

[bitcoinhopper]

You never know what it will be in the future. But we all hope that it will have a good year.
And I hope the most that it will be more used in the future later and that it will be more worth later. But you never know what will happen.

[quadriple7]

The hype has started dying down, USD exchanges are dominated by Chinese onesinvestments are getting back to 2013 levels and the supposedly interesting bitcoin-related projects of 2015 didn't have a positive impact to adoption or the market.

how could it be boring year if we will get a block halving in middle of 2016? that's more interesting than typical pumps and dumps, halving will make price very unstable, but it should rise by 50$ or even 100$, so it won't be boring for sure

[7Priest7]

Maybe it is a boring year, may be not.

I will love to see Bitcoin more mainstream adopted, more services and all that. However, I am content with the situation right now; can earn some, can sell them for cash, and have a nice value. A year just like the one that have passed will not be bad in my view.

Even if Bitcoin remains a little exclusive as it is now it would be good.

Oh yes, bitcoin will be very popular this year, more and more users and stores will use them this year

Also how van it be boring year if we will have halving? So many falls and pumps only in 3 months of 2016, it's very good year for bitcoin so far