Analysis

[Rakete4]

So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

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[lebing]

So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

It doesn't prove anything. In fact, Luc was right about a new ATH, just not the height. It's only down from here until the coin forks.

[Bimmerhead]

So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

It seems to me if price was determined completely by fundamentals, the threat of a fork would have driven price much lower.

But wait! If it forks we'll have coins on two different chains. A free dividend! So I would think the price would be much higher.

So confusing!

[zimmah]

So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

If not for core's failure to avoid a blocksize debate (by phasing in the blocksize increase like satoshi suggested 7 years ago, and working on SPV clients instead of pushing SegWit) we would have easily been at $10,000 right now.

But instead all the money that was supposed to flow into bitcoin flowed into alcoins instead, dropping bitcoin from a 95% share to a 65% share of total cryptocurrency market share.

[york780]

So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

If not for core's failure to avoid a blocksize debate (by phasing in the blocksize increase like satoshi suggested 7 years ago, and working on SPV clients instead of pushing SegWit) we would have easily been at $10,000 right now.

But instead all the money that was supposed to flow into bitcoin flowed into alcoins instead, dropping bitcoin from a 95% share to a 65% share of total cryptocurrency market share.

Exactly. A 300$ decrease and now a 100$ bounce back and everyone be like: wow bitcoin is doing great. Lost alsmost 20% of hi marketcap, saw ethereum getting a 400% growth. Well done all, its going great

[keystroke]

Well, market cap is still above 2013. https://blockchain.info/charts/market-cap?timespan=all

Still this is pretty nasty, and I hate to see money flow into ETH.

[podyx]

I am pretty sure ETH is a bubble.

Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.

[Miz4r]

So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

If not for core's failure to avoid a blocksize debate (by phasing in the blocksize increase like satoshi suggested 7 years ago, and working on SPV clients instead of pushing SegWit) we would have easily been at $10,000 right now.

But instead all the money that was supposed to flow into bitcoin flowed into alcoins instead, dropping bitcoin from a 95% share to a 65% share of total cryptocurrency market share.

Exactly. A 300$ decrease and now a 100$ bounce back and everyone be like: wow bitcoin is doing great. Lost alsmost 20% of hi marketcap, saw ethereum getting a 400% growth. Well done all, its going great

Yes, Bitcoin is doing great. Saying we would have been at $10,000 or whatever if this or that didn't happen is just speculative nonsense, maybe we would have been at $100 now because of some other issue coming up as a result of taking the other direction. Who knows. All I know is we're still nicely building that handle after the massive cup&handle pattern that has been forming during the past 3+ years. Ethereum and other alts won't matter once we see the real breakout in Bitcoin, they can have their primetime now while Bitcoin is building up momentum for something much bigger. Patience.

[york780]

I am pretty sure ETH is a bubble.

Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.

Just look at Etereum. 400% increase in 1 month = mega bubble.

[hdbuck]

I am pretty sure ETH is a bubble.

Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.

Just look at Etereum. 400% increase in 1 month = mega bubble.

crackeths vapes flying high.

[lebing]

watching this thread for inevitable fear and loathing.

[zimmah]

Well, market cap is still above 2013. https://blockchain.info/charts/market-cap?timespan=all

Still this is pretty nasty, and I hate to see money flow into ETH.

Of course the market cap is bigger than in 2013.

In 2013 99% of humanity didn't even know what cryptocurrency was.  

Now, cryptocurrency is booming, but bitcoin is almost unaffected by the boom.

It should be leading the boom and thriving from it, but instead, it's barely even noticing it.

I am pretty sure ETH is a bubble.

Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.

If you only start to invest in ETH after this has changed, you'll be left behind.

Once the flippening starts, it will be fast and brutal.

The only thing bitcoin has going for it right now is the brand name and the network effect. It has been riding on that for about 2 years. How long do you think it will be able to last?

[conspirosphere.tk]

The only thing bitcoin has going for it right now is the brand name and the network effect. It has been riding on that for about 2 years. How long do you think it will be able to last?

Looks like that if we are very lucky it will go the way of IBM:
http://prnt.sc/ep7ib8

But my guess is that the idiots led by saboteurs will utterly destroy it and it will become just another old failed cryptocoin.

[york780]

The only thing bitcoin has going for it right now is the brand name and the network effect. It has been riding on that for about 2 years. How long do you think it will be able to last?

Looks like that if we are very lucky it will go the way of IBM:
http://prnt.sc/ep7ib8

But my guess is that the idiots led by saboteurs will utterly destroy it and it will become just another old failed cryptocoin.

Intersting theory,but crypto is booming Bitcoin is still the biggest by far. It has the biggest community by far, huge mining farms, worldwide attention, investors have discovered it. It has the worldwide press on it, and adoption is still increasing. So Bitcoin will continue to grrow for a while if you ask me. Its the mother of crypto. If bitcoin fails, it is most likely that 80% of the altcoins are going with it.

[Paya]

Still this is pretty nasty, and I hate to see money flow into ETH.

Don't worry, large portion will come back after their bubble bursts. Which, by the looks of it, is going to happen quite soon.

[cAPSLOCK]

Intersting theory,but crypto is booming Bitcoin is still the biggest by far. It has the biggest community by far, huge mining farms, worldwide attention, investors have discovered it. It has the worldwide press on it, and adoption is still increasing. So Bitcoin will continue to grrow for a while if you ask me. Its the mother of crypto. If bitcoin fails, it is most likely that 80% of the altcoins are going with it.

And what you are seeing now are people betting on what makes up the 20%.

[conspirosphere.tk]

Looks like that if we are very lucky it will go the way of IBM:
http://prnt.sc/ep7ib8

But my guess is that the idiots led by saboteurs will utterly destroy it and it will become just another old failed cryptocoin.

Intersting theory,but crypto is booming Bitcoin is still the biggest by far. It has the biggest community by far, huge mining farms, worldwide attention, investors have discovered it. It has the worldwide press on it, and adoption is still increasing. So Bitcoin will continue to grrow for a while if you ask me. Its the mother of crypto. If bitcoin fails, it is most likely that 80% of the altcoins are going with it.

yes, but
1. the divide and conquer black ops are repeated one after another, each time on a bigger scale /with more resources, and each time a large amount of (l)users fall for them line, hook, and sinker;

2. what's the point of having the best developers if you are vulnerable to cheap psyops?

3. Every day I read of some new KYC/AML regulation regarding bitcoins. The other day Bitstamp submitted to me an insane questionnaire about my coins ("How did you make them?" "Prove it!"). Looks like they may kill it by regulation.

4. Soon or later some actually better cryptocoin will be invented. Storing the whole history of all transactions does not look a so practical or cool thing to me for example, both regarding scalability and privacy.

[york780]

Looks like that if we are very lucky it will go the way of IBM:
http://prnt.sc/ep7ib8

But my guess is that the idiots led by saboteurs will utterly destroy it and it will become just another old failed cryptocoin.

Intersting theory,but crypto is booming Bitcoin is still the biggest by far. It has the biggest community by far, huge mining farms, worldwide attention, investors have discovered it. It has the worldwide press on it, and adoption is still increasing. So Bitcoin will continue to grrow for a while if you ask me. Its the mother of crypto. If bitcoin fails, it is most likely that 80% of the altcoins are going with it.

yes, but
1. the divide and conquer black ops are repeated one after another, each time on a bigger scale /with more resources, and each time a large amount of (l)users fall for them line, hook, and sinker;

2. what's the point of having the best developers if you are vulnerable to cheap psyops?

3. Every day I read of some new KYC/AML regulation regarding bitcoins. The other day Bitstamp submitted to me an insane questionnaire about my coins ("How did you make them?" "Prove it!"). Looks like they may kill it by regulation.

4. Soon or later some actually better cryptocoin will be invented. Storing the whole history of all transactions does not look a so practical or cool thing to me for example, both regarding scalability and privacy.

Really good points. Point 3 has also happened when i wanted to sell my coins. They mailed me that had to prove where the coins are coming from, and i said from an another trading tradingside. They dont believe me and blocked me from their exchange. There are already many better crypto's available than bitcoin. Crypto's with smart contracts (Ethereum), crypto that are 100% anonymous (ZEC, Monero etc), fast crypto ( Ethereum, Creditbit). But still Bitcoin is n1. We must be all idiots that are believing in a moon fairytale if we keep using bitcoin while we know that there are better cryptocurrencies.

But they dont have support on hardware wallets, lots of exchanges, marketing etc. Its hard to take that away from Bitcoin. Bitcoin is quite lucky that is was the first crypto around.

[windjc]

Well, market cap is still above 2013. https://blockchain.info/charts/market-cap?timespan=all

Still this is pretty nasty, and I hate to see money flow into ETH.

Of course the market cap is bigger than in 2013.

In 2013 99% of humanity didn't even know what cryptocurrency was.  

Now, cryptocurrency is booming, but bitcoin is almost unaffected by the boom.

It should be leading the boom and thriving from it, but instead, it's barely even noticing it.

I am pretty sure ETH is a bubble.

Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.

If you only start to invest in ETH after this has changed, you'll be left behind.

Once the flippening starts, it will be fast and brutal.

The only thing bitcoin has going for it right now is the brand name and the network effect. It has been riding on that for about 2 years. How long do you think it will be able to last?

You should be on a forum charting ETH, not in this thread. KTHXBYE.

[wpalczynski]

Well, market cap is still above 2013. https://blockchain.info/charts/market-cap?timespan=all

Still this is pretty nasty, and I hate to see money flow into ETH.

Of course the market cap is bigger than in 2013.

In 2013 99% of humanity didn't even know what cryptocurrency was.  

Now, cryptocurrency is booming, but bitcoin is almost unaffected by the boom.

It should be leading the boom and thriving from it, but instead, it's barely even noticing it.

I am pretty sure ETH is a bubble.

Ask anyone on the streets of they know what ethereum is and nobody will know. Even if ETH were to pass bitcoin in market cap I suspect bitcoin will still be what comes to most peoples mind when cryptocurrency is mentioned.

If you only start to invest in ETH after this has changed, you'll be left behind.

Once the flippening starts, it will be fast and brutal.

The only thing bitcoin has going for it right now is the brand name and the network effect. It has been riding on that for about 2 years. How long do you think it will be able to last?

Bitcoin has liquidity going for it due to the network effect, once it loses the liquidity advantage to something else its days might be numbered as champ.

ETH is gaining quick and although its not meant to really be used as currency if the liquidity is there no reason for people not to use it.

If these issues dont get resolved soon BTC might go the way of the dodo bird and even if it gets resolved it still brought these ugly issues to the surface illustrating its governance risks.