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Author Topic: Is this the launch to the Moon that we were waiting for?  (Read 2595 times)
Kprawn
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May 11, 2017, 04:02:56 PM
 #1

We are seeing a slow growth in the Bitcoin and Crypto currency markets over the last few weeks. Japan is the first country where mainstream

adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream

adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?

I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the

fuel and the rockets, because this thing is going to the Moon!!!!!!!!!

next...


$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000

and then.....

$100 000 per bitcoin. Looks like a rocket right?

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May 11, 2017, 04:26:22 PM
 #2

We still have a few issues which need to get solved before the bitcoin goes mainstream, Like Transaction fees and waiting times which has recently become a issue and You can't expect people to start using bitcoin overnight in their daily life, This is more of a pump which is taking advantage of the Japan Factor. we may hit 2K but there will be price correction happening soon. I am sorry to say this, But this isn't the launching time just yet.

   
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May 11, 2017, 04:31:41 PM
 #3

i think the japan thing will turn out to be bigger than we expected, even though i don't think the japanese people are gonna do much with it. the fact that it's now 100% legit there and banks and major companies are looking into exchanges is gonna put a rocket up a few asses elsewhere.

that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.

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May 11, 2017, 04:32:58 PM
 #4

if it wasn't because of Japan and then all the other countries that followed them i would have said this is not a good sign the price went up this high. but actually when i look at the facts i think it is happening, we were all waiting for it and it finally started, the mainstream adoption Smiley

although i believe it is a little too soon for such a big price rise, because obviously the adoption has just started and the demand that comes from it has not yet reached the market!


 
 
 
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May 12, 2017, 01:41:17 AM
 #5

We still have a few issues which need to get solved before the bitcoin goes mainstream, Like Transaction fees and waiting times which has recently become a issue and You can't expect people to start using bitcoin overnight in their daily life, This is more of a pump which is taking advantage of the Japan Factor. we may hit 2K but there will be price correction happening soon. I am sorry to say this, But this isn't the launching time just yet.

These issues might be what are holding back Bitcoin. I see no other reason for alts to rise by 5-6x, while Bitcoin rises by 50-60%.
Once these bottlenecks are removed, we can really take off.

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May 12, 2017, 02:43:52 AM
 #6

it's time...  Shocked



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May 12, 2017, 02:54:54 AM
 #7

We still have a few issues which need to get solved before the bitcoin goes mainstream, Like Transaction fees and waiting times which has recently become a issue and You can't expect people to start using bitcoin overnight in their daily life, This is more of a pump which is taking advantage of the Japan Factor. we may hit 2K but there will be price correction happening soon. I am sorry to say this, But this isn't the launching time just yet.

These issues might be what are holding back Bitcoin. I see no other reason for alts to rise by 5-6x, while Bitcoin rises by 50-60%.
Once these bottlenecks are removed, we can really take off.

bitcoin is rising 50% because it is a much bigger market with a lot of people selling and the orderbooks are a lot more filled with orders than an altcoin which you can put up a wall with just 20 bitcoin or something.

and altcoins are rising 5-6x because they are pump and dumps, it has nothing to do with what bitcoin has been doing, they get pumped all the time. go look at the charts you will see in the past years the same thing has been happening too.


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May 12, 2017, 04:21:28 AM
 #8

Where is this moon you speak of? Due to Bitcoins' unpredictability the price could rise/fall at any given notice. There is no set moon price but rather the ATH can be continuously broken.
It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.
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May 12, 2017, 05:30:56 AM
 #9

it's time...  Shocked





the slope (gradient) is soooo different!

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May 12, 2017, 05:37:31 AM
 #10

i think the japan thing will turn out to be bigger than we expected, even though i don't think the japanese people are gonna do much with it. the fact that it's now 100% legit there and banks and major companies are looking into exchanges is gonna put a rocket up a few asses elsewhere.
Btw,the rise in bitcoin prices this time has nothing to do with Japan.It's just a mere influential coincidence.If it continues to go higher,I'm afraid business are going to start centralizing it. 

that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.
If the core doesn't solve the Block Size issues,alt's are slowly taking over.

Where is this moon you speak of? Due to Bitcoins' unpredictability the price could rise/fall at any given notice. There is no set moon price but rather the ATH can be continuously broken.
It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.
Exactly.People will terrible math should never speculate anything.

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May 12, 2017, 06:04:03 AM
 #11

I think atleast 10,000$ per bitcoin can be realistic prediction for next 5 years and after that who knows as future is unpredictable. But with growing demand and limited supply it is quite certain that bitcoin will gain price over time.

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May 12, 2017, 06:13:01 AM
 #12

I think atleast 10,000$ per bitcoin can be realistic prediction for next 5 years and after that who knows as future is unpredictable. But with growing demand and limited supply it is quite certain that bitcoin will gain price over time.

And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
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May 12, 2017, 06:29:29 AM
 #13

Where is this moon you speak of? Due to Bitcoins' unpredictability the price could rise/fall at any given notice. There is no set moon price but rather the ATH can be continuously broken.
It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.

I agree there is no fixed "Moon Price". For Early adopters Bitcoin has already crossed the moon and is on its way towards outer solar system. But for Late Adopters Bitcoin has still to reach the moon, Typically what an average late adopter thinks is that the "moon price" is referred to Bitcoin Reaching  1 BTC = $10K, So they are still expecting a Rapid Rocket launch. But this won't be happening soon as i said in my previous reply due to some issues which are on the horizon and needs to get solved if we really want to go mainstream.

   
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May 12, 2017, 06:40:25 AM
 #14

We are seeing a slow growth in the Bitcoin and Crypto currency markets over the last few weeks. Japan is the first country where mainstream

adoption might be a reality. We got so used to the bubble bursting that we kinda lost perspective on what might happen when mainstream

adoption is starting. Is this not the signs that more and more NEW people are buying bitcoins on a daily basis?

I think this might just be the start of something huge, and we are still in the most early phase of mainstream adoption. We should check the

fuel and the rockets, because this thing is going to the Moon!!!!!!!!!

next...


$2000
$3000
$4000
$5000
$6000
$7000
$8000
$9000
$10000
$20000
$30000
$40000
$50000

and then.....

$100 000 per bitcoin. Looks like a rocket right?


The minute we start thinking on those terms the more likely it is that we're going to bubble pop.  Dunno just speaking with my past experience addictively watching the market the past 3 to 4 years.  I mean, I do hope it happens.  But no, I won't get my hopes up again. 

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May 12, 2017, 05:33:23 PM
 #15

i think the japan thing will turn out to be bigger than we expected, even though i don't think the japanese people are gonna do much with it. the fact that it's now 100% legit there and banks and major companies are looking into exchanges is gonna put a rocket up a few asses elsewhere.

that means the attention won't slow down. it really, really could do with addressing the scaling thing and soon though. there could come a point where hype meets limitations and it all slows down again.

It seem like it is. Rumors are that India will follow this and some other are rumor to do this are Indonesia and Philippines. If this price jump is influence just with Japan adoption it in every day image how will be with this. Some speculate that China maybe is in this story to, but think that major players will wait little longer for this to implement or adopt.



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May 12, 2017, 05:57:00 PM
 #16

Where is this moon you speak of? Due to Bitcoins' unpredictability the price could rise/fall at any given notice. There is no set moon price but rather the ATH can be continuously broken.
It has taken Bitcoin quite a few years to reach this current all time high so I'm sure reaching one of the higher price points won't an immediate result.
That's what I always think when I hear this silly phrase "to the moon".  Now think back to 2009-10.  If you'd said that bitcoin was going to be over $1700, anyone in their right mind back then would think that's "the moon".  And now here we are.  So I think we're already there.  People expecting to go to the moon from where we're at don't realize we're there already.

I don't think Japan has much to do with this, but it's just so hard to tell who's doing what.  But hey, I don't really care who's responsible for our being on the moon.  Thanks to anyone who pushed the price this high, right?


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May 12, 2017, 06:20:37 PM
 #17

And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
- Bitcoin is ready
- Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.



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May 12, 2017, 06:57:00 PM
 #18

Bitcoin is fully legalized in Japan, so no risk of Bitcoin being worldwide banned and worth nothing. And there is good chance that Bitcoin will be legalized in India:

https://bitcointalk.org/index.php?topic=1893420.0

10% of Japan and 1% of India would equals 20M new Bitcoiners in the game

can you see the effect in price?

maybe 100k will not be the top

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May 12, 2017, 06:59:48 PM
 #19

And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
- Bitcoin is ready
- Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.

I hope the developers will act soon rather than later. These transaction issues will just hinder the mainstream adoption. $1 in transaction fees for sending 10 bucks doesnt sounds great..

   
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May 12, 2017, 07:05:11 PM
 #20

And as they say, with he increase in demand and so thus the users, is Bitcoin ready for this? Will the Blockchain would be able to accommodate this transactions? We should hope that the Bitcoin user's would take it slowly with regards of its current capability because if it will shoot incredibly high that is beyond what it is capable then it might as well trigger the fall ofBitcoin.
- Bitcoin is ready
- Blockchain can accommodate this transactions
- Current capability (1 mb per block) can be enough to include all transactions, mempool is full because of spam transactions rather than from legit/normal transactions currently
- Segwit and LN will be activated on bitcoin that will increase its capability and will provide cheaper and faster confirmation in future so i don't think there will be any panic regarding unconfirmed transaction in future.

I hope the developers will act soon rather than later. These transaction issues will just hinder the mainstream adoption. $1 in transaction fees for sending 10 bucks doesnt sounds great..

I think if they fixed the transaction fees and the speed of transactions, the price would be much higher than it currently is. All of these new people coming in are going to see how long it takes to send Bitcoin with the current times and hate it.


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