So, we have 38 days until the halving. Price is at ~$530. KNC just went Bankrupt, There is no scaling solution. Is it realistic to expect moon? I think maybe we'll have moon like October, but I don't see really anything hugely positive unless all the demand comes from China due to ongoing currency devaluations. I'd like to see another leg up this weekend but I'm not sure anymore.
I'm giving you some benefit of the doubt, here, by responding... and in essence, you appear to be very deluded in your perspective.....
In that regard, you seem to placing way too much importance to a scaling non-issue that has become a talking point for big mouth trolls, financial shills, bitcoin denialists, ETH pumpers, deluded persons, bears hoping for the price to go down, and misinformed folks.
I could give you the benefit of the doubt by considering that potentially, you are a misinformed folk... and regarding the misinformed folks, some of them are more genuine than others concerning their legitimately being confused by this non-issue that has been made into an issue and overhyped.
Rather than scaling, as an issue, you should consider that bitcoin recently passed through the upper $400s resistance point.. and it did so over several months and after fighting off quite a bit of FUCD spreading.. Depending on how far you zoom out, this has not really been an overly radical price increase, so support seems pretty decent at this price point and puts bitcoin in a very decent place for an upward price launch..
Of course, nothing is for certain in bitcoinlandia - especially when we have manipulators and disinformation spreaders... but when you are talking about some kind of probablistic crash based on some fabricated scaling issue, you are really talking about a scenario that is less likely over an issue that is largely resolved.. and in that regard, if we have some kind of crash, some kind of real technical problem with bitcoin needs to be identified, or the FUCD spreaders are going to have to come up with something that is convinces normal persons to sell, because currently BTC's price pressures are upwards, and not downward, as you seem to be asserting with your superficial yesterday's news depiction of Bitcoin's current situation.
Switch scaling for hard fork code changes and my point remains the same.
So, LN is in Alpha but needs Segwit. SOME miners won't agree to segwit unless it is as a HF AND includes 2mb code release. Moon? DMOON? What am I missing? I think you would get moon if a compromise exists with participant buy in, otherwise I figure maybe a bump before halving and sharp decrease thereafter and maybe some stability at +/- $600's. Halving is great, I'm just concerned that there won't be benefits until coin supply tightens say around October/November. Thoughts?
Sure... fair enough. I think that your second statement is a bit more reasonable and open as compared to your first framing of the issue. In your first framing, you were outlining such situation with apparently too much certainty, as if bitcoin is on some kind of timeline.
Yeah, none of us really knows where the price is going to go in the short term.... Maybe a bubble is less likely to occur in the coming months under the circumstances as you describe them, but a bubble could still occur in the coming months, there is no real timeline for these kinds of matters, and some problems may be exaggerated a lot more as problems than they really are... for example some miners threatening to withhold support from seg wit without a blocksize limit increase may be deadly for themselves and they may not be in a position to really leverage such an illogical position.
To the extent feasible, I have been attempting to prepare my BTC portfolio for various possible price directions and scenarios. I don't necessarily expect a price bubble in the coming months or even in the coming years or need one in order to profit from BTC, and I can even profit from some various downward BTC price corrections, even though I do much better if BTC prices go up rather than down, whether it goes up slowly or quickly.. and yeah, likely i would do a hell-of-a lot better if BTC prices were to go up quickly, but it seems unreasonable and irrational to demand such upward exponential BTC price performance in the short term or to suggest bitcoin is somehow debilitated merely because it is not experiencing some kind of explosive price growth period in the short term.
If we expect or we are relying on such an explosive price performance period in the near future, then probably we have over invested in bitcoin, and we need to diversify a little bit in order to not be such a gambling addict.