China markets have tanked, US markets have tanked, the world economy is in turmoil, but in the last month bitcoin price does nothing but tank.
People that seek to escape plunging currencies and crappy investments don't really care about something like how many txns a day can bitcoin handle without a fee, they can't even put it in context. If we had any market fleeing stocks or China we would see a massive jump in price, but we see the price decline... why?
SOMETHING ELSE is keeping the price down. Something tells me we are in the middle of a massive attack on Bitcoin and don't even realize it.... Govts, alt competitors, miner thieves, sidechain master manipulators.... who knows
Scalability could be solved tomorrow and we would likely go down another $5. The halving is going to come and go and we are going to be worth $225 a coin.
Please provide answers that ARE NOT about scalability. Thanks!
People that seek to escape plunging currencies and crappy investments don't really care about something like how many txns a day can bitcoin handle without a fee, they can't even put it in context. If we had any market fleeing stocks or China we would see a massive jump in price, but we see the price decline... why?
SOMETHING ELSE is keeping the price down. Something tells me we are in the middle of a massive attack on Bitcoin and don't even realize it.... Govts, alt competitors, miner thieves, sidechain master manipulators.... who knows
Scalability could be solved tomorrow and we would likely go down another $5. The halving is going to come and go and we are going to be worth $225 a coin.
Please provide answers that ARE NOT about scalability. Thanks!
Too many Buy and Holders that have already bought and held! Now they have no money left to buy it up anymore. I'm not sure anyone has ever thoroughly proven that demand or new users is on the rise (No, unique addresses is not proof). Risk off situation in stocks does not mean to risk double by sinking it right back into Bitcoin. Don't count on wallstreet carrying this to the moon... It may not happen as many here think it will. Last and not least, the bear market is not over yet (not a claim, just a possibility). Many people were shaken off Bitcoin a year or more ago. Many of those will never come back after losing their asses in this. People aren't in a hurry to be the next ones either.
