Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18106. (Read 26608384 times)

Heheh.
If you just said 'nuanced no', that would do it.
But then we'd feel like we were cheated.

I used as many words as I decided was adequate to respond to the issue.

We may wait forever and become rich cent by cent with daytrading

No need to worry and rise any time soon

We are good at waiting 

Well... this looks nice...

Now what remains is... wait for it... wait for it... wait... for... BTCit...

Sure is a lot of words, when you could have simply stated "no."

If you are summarizing what I said in ways other than what I said, then I said what I am trying to say.  On the other hand, if you are asking me to clarify or to go into more detail, then sure, I am stating my opinion based on a variety of factors, probabilities, known unknowns and unknown unknowns.   And yes, more or less what I am saying, at this time, is that there is likely to be decent BTC price momentum at the point of getting passed the mid $800s... not 100% but decent likelihood. 

I am not saying that anything is certain, but I am saying that it makes less sense, to me, when posters are asserting theories at this particular time and based on probabilities and various knowns and unknowns about BTC price sticking points that are seeming to be less logical than my own.. hahahahaha...
, especially if in our current price point, they are asserting BTC price sticking points in the $900 to $2000 range without providing some kind of explanation or context.. .. and therefore, $2,400 also makes little sense to me, if there is not some kind of context that would justify such an explanation (as I had attempted to provide in my earlier post on the topic).

So, to repeat, my view is not set in stone, and after matters unravel, they can begin to unravel in ways that cause my own theory to no longer make sense because matters may unravel in ways that change the theory and probabilities..

In other words, I have my theories, at this point, that I will revise under changing circumstances and as justified by the happening knowns, known unknowns and unknown unknowns.. and known unknowns are more probable to take place than unknown unknowns, and unknown unknowns can throw monkey wrenches in the tentative theories.  So, yeah, seriously, there are various working ideas that help to plan - even though there is justification that all of the eggs would NOT be put into that basket.

Seriously? Are you even trying to make sense anymore? Once we get over the $850 hump Bitcoin cannot be stopped and boom instantly 3k-5k, is this what you are trying to say?

It seems likely that we can see that the premise of a discussion everyone being on the same page is a bit off base, and the foundation of bitcoin's set up or governance is not really needing folks to be on the same page.. , so if they are not largely on the same page, then the status quo continues.. and if there are enough of them on the same page seg wit goes forward and if there are enough of them that believe that a blocksize limit increase is a good idea, then that goes forward.  It can take a long time to play out to get from discussion of a topic, creation of code, testing and vetting the code and then getting a considerable amount of agreement (consensus level) on it's activation.

Surely, seg wit is much further along the road towards consensus than any blocksize limit increase... and sure, there could be simultaneous proposals or seg wit could get pulled and revised if that course of action seems more likely to achieve consensus.. but at the moment seg wit is on the table, and those who are working towards blocking it don't have feasible code that has gone through the vetting process.  It is pie in the sky to work on a premise that all folks are going to substantially agree - but it is not pie in the sky to recognize that some proposals are further along in the process and have better chances to survive than others.  Even though there are a lot of naysayers regarding seg wit, seg wit seems to have really decent chances of getting activated in the year's time that it is on the table (or alternatively some close version with agreeable tweaks). 

It would not be the end of the world or even close to the end of the world if bitcoin does not achieve consensus on any of the proposed changes in the coming years.  Bitcoin is still going to serve quite well, even though getting closer and closer to activating seg wit would probably be very bullish for bitcoin's prices, because it seems to be a very good next step....

I think you forgot the post apocalyptic/post state era talkings. 
I have to admit I've never thought about that. Time to properly mix some coins here.....

I agree.


What side? The side that wants to keep the 1 MB blocksize limit? You're saying we should all agree to that in order to remove that limit? What twisted logic is used here?

I don't think that's how it's going to go down. I'm much more optimistic.

Good morning Bitcoinland, slept in a little today.

Still stuck pretty much where we've been for 2 weeks... currently $739 on Bitcoinaverage.

Understandably, conversation around here sounds like a bunch of bored people, a little rehashing of the block-size debate, mixed with random bullish enthusiasm and bearish trolling.

I'll be happier to get back to quadruple digits Canadian (currently $994CAD) but if I have to wait a little longer I won't lose any sleep over it.

November is almost over and it's looking like it'll end up where it began. Ho freaking hum.

Maybe so, but maybe not. Let's find out shall we?

..........

.......... Goddamn this is taking too long !  

Huh straight to the point. I'm kinda split on that. From the investment stand point, it's a competitor so it takes market cap away from BTC and has a theoretical potential to dethrone BTC. But currently it's only like 6% of BTCs market cap so not much to worry about yet (if ever). On another hand it's a cryptocoin so it gets publicity to the space, and technically can be seen as a testbed for new proposals to see how technology/market will behave and the good ideas can be cherry picked into BTC  and for the bad ones they can just hard fork and roll back like twice a day and no one cares  

Probably good now, but can start turning bad if they'll start picking up market share say above 25% of BTC

No, you have it the wrong way round. Humans are too fragile to be here in 20 years to use Bitcoin. We will be hacked/cracked or some other way to disrupt our network will be found.

Hmm already talking about islands and body doubles. The inverse theory says we must be going down soon?!?!
Plus i'd venture a guess that most here would OD on hookers and blow, way before private islands would get in range

There is nothing wrong with bigger blocks, but we need extra layers to make Bitcoin mainstream. Increasing blocks will be much smoother when the community, dev, miners are on the same side.

O.k... 1 week, possibly $800...

O.k.... possibly, some kind of global economic unity in 10 years, but more likely 30-50 years.. As others have suggested, there can be a lot of different ways that "global economic unity" would play out, and 10 years seems way too soon to sort those kinds of matters out.

Regarding the "pushing 2,400", I think that is a problematic number to be "pushing."  Even though the future does not play out the same as the past, $2400 is an awkward place for BTC.

Once we get passed the mid $800's, the most likely price range would end up in the $3k to $5k territory, and then likely we would have a correction of some sort.

I doubt that we are going to get stuck at $2,400 for any significant time, unless it would be coming back after the correction, which could take a bit more than a year's time to play out.  

On the other hand, it is possible that we could experience a pump into the $3 to $5k range, and then experience a correction that takes place quickly, but causes use to get stuck in the $2,400 range and therefore "pushing" $2400.





Hahahahaha


That is pessimistic.  

Therefore, in your view, if I just HODL my current coins, the best case price appreciation scenario that I could expect with my current coins is 30x....

Oh Fucks!!!!  Seems that I am only going to be 30x more richie with my current BTC.  

Sounds good, count me in!