Alts dropping is not the beginning of BTC bull market

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.

Quote from: freshman777 on April 10, 2016, 05:09:52 PM

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.

Quote from: The Pharmacist on April 10, 2016, 05:19:58 PM

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

Quote from: r0ach on April 10, 2016, 07:35:56 PM

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).

Quote from: freshman777 on April 10, 2016, 05:09:52 PM

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.

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.

Quote from: qwizzie on April 10, 2016, 08:29:07 PM

Quote from: freshman777 on April 10, 2016, 05:09:52 PM

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.

I think you may have a point there

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.

Quote from: r0ach on April 10, 2016, 09:14:19 PM

..

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.

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.

Quote from: qwizzie on April 10, 2016, 08:29:07 PM

...

I think you may have a point there

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.

Quote from: r0ach on April 10, 2016, 10:21:37 PM

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. 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.

Quote from: The Pharmacist on April 10, 2016, 05:19:58 PM

Quote from: freshman777 on April 10, 2016, 05:09:52 PM

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.

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)

Quote from: kerrang on April 11, 2016, 02:36:18 AM

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.

Quote from: shintosai on April 11, 2016, 02:57:34 AM

Quote from: kerrang on April 11, 2016, 02:36:18 AM

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

Quote from: Rune on April 11, 2016, 08:08:37 AM

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.

Quote from: r0ach on April 10, 2016, 09:14:19 PM

Quote from: qwizzie on April 10, 2016, 08:29:07 PM

Quote from: freshman777 on April 10, 2016, 05:09:52 PM

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.

I think you may have a point there

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...