Topic: It's over for the shills and bears - BTC market cap about to explode - page 5. (Read 6485 times)

I'll explain for anyone wondering, again.
Maybe this post should be pinned so that I'm not called a troll or shill (whatever the hell that means).
 
It should not be suspect that I have a bearish stance for a midterm time frame. I have had the same view (with minor alterations along the way) for 2 years. I had my thread where I forecasted lower low after lower low on the way down to $152. I then posted a chart that has made its way through a few posts and quoted by others which resembled this count and expected path. It has changed very little over the last year except as I said in an earlier post here, about the time it has taken.


That is what I would call a mid term outlook. Since $152, I was short-mid term bullish for the duration of my proposed (B) wave. Longer-mid term bearish, and since day one in 2011, Bullish long term on the ideas of Bitcoin. Bitcoin being number one, but never 100% convinced that it would be the final iteration of blockchain tech. Awesome if it is, but myspace was cool until it wasn't. We all know Bitcoin has its problems and I would be ecstatic if they were fixed so that an "altcoin" doesn't replace it.
My longer mid term PoV can still change, but NOTHING as of yet has me questioning my stance and projection for my proposed remainder of the correction since $1200. I could never be ranked with the likes of the falllling crowd or one of the multitude of 5 rand char users that grace this board daily with one liner OP's. I always (99% of the time) give thoughtful responses and rational reasoning to my views. Perhaps my definition of "rational" is different from yours, but as someone who has very little at risk in either direction we head next, I feel that I have an unbiased opinion. Granted it is often bearish for a long while now, but that is only because my analysis tells me so. I'm not bearish because I want to be, I am because it's what my experience tells me.

As far as halving, It is something that is a known, and has been since January 3, 2009 when Satoshi released the white paper. With 70%+ coins already having been mined, halving has no substantial bearing on anything except a speculation value and as proof of a slowing of inflation. Unless demand rises, halving makes no difference other than to those who make a profit on verifying transactions. Difficulty can drop too! Underwater miners is what can make that happen. I know the chart above isn't what anyone here wants to see, nor is it one they want to believe. It's my take, and halving isn't a guarantee that it won't happen just the same as I don't guarantee that my forecast will happen.


Sorry for the wall of text

yet another news that doesn't mean much. Too much on the speculation side, too little on the development side. It looks like a failed attempt to ignite some buying.

Your link does not provide any meaningful rebuttal of the claim(s) of my earlier post. 

I don't claim to be all knowing; however, I do understand that someone claiming there to be a problem has the burden to show such problem, and the burden is not on me to establish that such a problem does not exist... hello?  you seem to be assuming a problem rather than showing any kind of meaningful evidence of such.

In fact, there is no real meaningful evidence that blockchain fullness is causing any kind of meaningful problem for bitcoin or emergency instability situation, beyond a bunch of XT/Classic supporters screaming in disproportionate and frequently either irrational or ill-informed ways to exaggerate such a supposed problem.

 So, yep, I am talking currently, and not about some bitcoin 2014 status.. in spite of your non-evidentiary assertions.

Hey Roach nice thread. Reading your OP has made me ponder if banks could turn to bitcoin as a way of wrong footing china. As many know I'm sure China has been accumulating most of the worlds gold recently. Could it be the west has a secret plan to ignore gold and turn to bitcoin instead ?

Anyway just letting my thoughts meander along. Still like gold and bitcoin personally

Wait for it... wait for it.

https://blog.coinbase.com/2015/11/20/introducing-the-shift-card/

Now where have you been exactly?   your argument isnt valid with your wall of text.

Please do some homework, before making a debate on transactions. I would agree with your small minor problem if this was still 2014 or something, but its changed since then.

This just makes me question about why they are doing this, outside from protecting from the worthless invested US dollar they lend.

But more of a power play wanting to become the next world reserve currency after US falls in the deep end?

I wasn't necessarily referring to you, RyNinDaCleM. Although I've certainly read highly questionable content from you before, but that's neither here nor there.

As far as labeling yourself bearish in your signature, that's HIGHLY suspect.  Discounting mega flash-crashes or short-term corrections which are temporary in the grand scheme of things and can happen at any time, anyone mid-to-long-term bearish in bitcoin with all of the growth bicoin has achieved and two months prior to a supply halving that takes place once every four years either has an agenda or are a few fries short of a happy meal

You are believing a shitload of propaganda, if for some reason you are buying into the idea that the bitcoin bus is full. 

That's totally nonsense.  One thing is if you want to buy coffee with it and you expect total resolution of transactions in seconds (which bitcoin is not there yet), but another thing is if you want to store your value securely and to use bitcoin for it's best features - value security.

In any event, there's all kinds of room for you, your friends and a multitude magnitude of others to jump on board with either today's current capacity and/or with various ongoing developments that will allow even more peeps to jump on board and to increase various kinds of quicker transactions.... .

You do realise that China has already purchased their hidden gold vault capable of holding £80 billion worth of gold - and the chinese judging by their gold purchasing over the last year or so are probably planning on filling it too.

We shall see!

Well, it looks like all that bear shilling was completely wrong then.

I've never owned 1 Eth, not sure why you post this link. You brand everybody who has legit questions into the Ethereum pumpers category, how desperate is that.

I won't be buying in higher. And spamming "every thread"? ha! I post my opinion (in a half dozen or so threads total) and in no way do I cram it down anyone's throat as you do with halving and market cap rhetoric. Keep trying! Aside from the time it has taken, Bitcoin did pretty much what I have expected. Since the 152 low, it went up, as I thought. My bearish sig is not my "current" trading position. It is how I feel about the medium term market, in general. I trade frequently and since 152, I have been long more than not. I still will not let this messy uptrend fool me into uber-bull mode and marry my position nor have the belief that bitcoin can't go down. My cold stored coins, many of which I bought at $2.00, continues to grow from trading profits. So being basically free coins, I do not trade with them and have zero need to panic buy, but thanks for your concern.

You seem like a fundamental driver kind of believer, no? Why is it, you pick and choose which fundamentals to believe in? You say halving means anything but proof that inflation of a 70% mined coin is slowing. You think stock markets using Bitcoin as a clearing house ledger means they will buy it to $1×××××/coin when 10 coins can clear 1 billion shares if satoshis are used as  the proof of ownership and movement. I mean, I like the optimism, but these are fairly weak fundamentals and the previous being known since the white paper was released.

@jared;
I know as well as you do that me trying to talk my book gets nothing done in the grand scheme of things, so you can take your theory about me and shove it straight up your ass. I don't talk my agenda, I say what I believe is going to happen. As I said above, I have been long more than not, and the whole time still conveyed my views.

Have a nice day, douchebags!

Nice account that was sold to shills to spam the forum with, but since everyone already knows this by looking at your post history, your account is kinda useless.  It was fun reading your posts when you said Bitcoin was going to "collapse to $10" when it was $200, then it went up to $500 instead.


And another shill account.  This one is an Eth shill even though Eth is a useless scamcoin.  You scammers should learn to not post anywhere near me or risk having your cover blown:

The Ethereum Paradox

https://bitcointalksearch.org/topic/the-ethereum-paradox-1361602

How can Bitcoin grow if new users are not allowed to join this crowded bus, my logic is powerless to find an answer. Who can?

I think you are the one who's still crippled, you noob panic sold youre coins at $10 and shorting with a mega loose.

Bitcoin is crippled and with the rise of Ethereum it's soon to collapse conpletely by superior competition and because its destroying itself.

I did notice this with Circle, the amount of btc transactions that could happen if banks ditched their 1-5 day transfers, and used something like Circle, then all bank transactions could happen in less than an hour by converting to btc and then back to fiat when it lands in the account....

I just had a little orgasm

It seems fairly obvious to me that a lot of the so called analysts many look to for trading advice on this forum are certainly protecting their own interest. As far as flash crashes go, they can happen at any time and then rebound in a matter of hours or days. But that's why I don't trade with the robots. I typically just buy and hold. Traders and shillers don't like that at all because it makes their pool much smaller.

With that said, there's a hard limit of 21 million bitcoins. The market cap is still a tiny $6-7 billion.  It could easily double and double again and double another time after that and still be a very tiny market for what Bitcoin should be worth. We are approximately 2 months from the block reward getting cut and half. Supply issuance is going to take a massive hit. Only a brain dead loser would be selling.

To all the trolls and shills claiming the mid to long term trend is still bearish, how much are the banks paying you and is it denominated in Bitcoin?

As for the short term, anything goes. And this is almost always the case

Lol, nice try spamming every thread claiming the price is going to crash to 3 pennies "any second!" and putting "bearish" in your sig, but you're not getting any flash crash longs in no matter how much shilling you do, so sorry.  You've been spamming that "boo hoo, I feel the market is so bearish blah blah" crap for months and what happened?  It was $420 and is now $454.  How is that working out for you?

All the bear shills can suck a huge dick.  Have fun buying in higher after wasting all that time shilling.  When you go log on the Winklevoss site to go beg them for coins, tell them r0ach sent you.