Previous rallies took place with pisspoor infrastructure compared to now. That pisspoor infrastructure probably started and killed them off as well so we've no idea what another one would look like.
They don't wait around for certain elements to fall into place. They just require more people buying than selling. The means to buy and sell are out there. We'll see what shape it takes if it happens again.
Topic: Hope Bitcoin Price continues to stagnate (not up or down) for another 6 mth. (Read 1785 times)
March 01, 2015, 07:23:51 PM
March 01, 2015, 04:27:04 PM
Quite frankly, the Bitcoin infrastructure isn't ready for another big rally just now. But I think in 6 months this will be looking much more solid for a hard rally.
This a breath of fresh air. Recent threads have already been about prices must go up, or bitcoin must fail. Seldom do I read about topics wishing bitcoin price to stagnate.
I prefer the word "stability". I could accept prices not to fluctuate more than 10% above or below the current price for 12 months. This would actually do some good with adoption.
March 01, 2015, 04:26:25 PM
We are not ready for another rally until several things happen:
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
1) the price has nothing to do with network capacity though i agree the fork should happen soon
2) you could be right with this one
3) ethereum is very unlikely to be a threat to bitcoin
Even I think ethereum will never be a threat to bitcoin in anyway. Bitcoin is the only one wide adopted. Would take time before a new coin gets accepted.
March 01, 2015, 04:19:39 PM
We are not ready for another rally until several things happen:
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
i agree with first two points, altho i think rally will come before forking, but this third one got me confused, are u for real or trolling ? noone cares about ethereum, just another pump and dump scam.
cheers
March 01, 2015, 10:38:43 AM
We are not ready for another rally until several things happen:
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
1) the price has nothing to do with network capacity though i agree the fork should happen soon
2) you could be right with this one
3) ethereum is very unlikely to be a threat to bitcoin
March 01, 2015, 10:34:58 AM
We are not ready for another rally until several things happen:
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
1. 20MB blocklimit fork is implemented. The past 24 hours has shown how the combination of delayed block discovery and high transaction volume has been stressing the network with unconfirmed txs. If the network is stressed by ever-increasing tx volume at $250, the unconfirmed tx will cut short any incoming rally.
2. Bitlicense finalized and mailed out. Gemini opens.
3. Ethereum proves itself not a threat to Bitcoin.
March 01, 2015, 10:11:43 AM
Quite frankly, the Bitcoin infrastructure isn't ready for another big rally just now. But I think in 6 months this will be looking much more solid for a hard rally.
I also want to see how Bitcoin performs under a constant price without much volatility. A big ass rally will eventually happen so might as well stack up now. March 01, 2015, 09:57:50 AM
March 01, 2015, 09:46:39 AM
Quite frankly, the Bitcoin infrastructure isn't ready for another big rally just now. But I think in 6 months this will be looking much more solid for a hard rally.
I agree that it isn't ready for mass adoption yet.
Waiting 6 months won't do much unless something big is going to happen.
For that to happen a fork is necessary. I think we need to wait at least another full year or so.
March 01, 2015, 09:22:42 AM
Word
March 01, 2015, 12:18:14 AM
Quite frankly, the Bitcoin infrastructure isn't ready for another big rally just now. But I think in 6 months this will be looking much more solid for a hard rally.
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