Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19147. (Read 26608087 times)

the thing is bitcoin won't shrink in size. but it won't grow either. it simply will stay the bonsai size it currently is.

all the money waiting on the sidelines will flow into alt-coins directly.

good luck with your empty bag - so called early adopters of bitcoin.

People don't go there anymore it's too crowded!

Bitcoin, so useless you can't use it because there's too much demand

we are two months away from being one full year on this block size debate: http://gavinandresen.ninja/why-increasing-the-max-block-size-is-urgent

and within that year blocks have filled up that the red and blue 3d glasses person did not post this morning because we will see all the blocks are filled up all the time now.

the more the blocks fill up the more valuable the bitcoins become in relation to fiat currencies.

something wrong with this scenario .

We gotta take bitcoin prices, one step at a time.  We are in a pretty decent "paralyzed" price range at the moment, especially, if you consider where we were 1 year ago... or even if you consider where we were 3 years ago (now, 2 years ago is another story... hahahahahaha)

Anyhow, back on point>>>> If prices go above $467, then to me it seems pretty likely we are going to break past $500, and if we break past $500, then likely the next major resistance point would be between $550 and $650; however, I am not willing to suggest that we are out of the $400s, even if we were to break into the $500s in the next few weeks.

As far as the downside,  $350 does seem like a pretty strong support level, so at this time, it would take a pretty sizeable amount of FUD to convince people to sell below that price point..... Upper $300s is in striking distance, but even that doesn't seem so likely at the moment...... given our paralysis that currently is largely between $416 and $440 (hovering in the upper end at the moment, and cannot really complain about that - unless you are a Mr. Aztec type or a BJA type or some other whiner that is trying to find reasons to complain).  


Edit:  On a side note, even some of the bears seem a bit more cheerful lately with rising prices... so possibly, the solution to a lot of the various whining is to bring up the price past $555 in order that we can experience a kind of Kumbaya moment.

we are two months away from being one full year on this block size debate: http://gavinandresen.ninja/why-increasing-the-max-block-size-is-urgent

and within that year blocks have filled up that the red and blue 3d glasses person did not post this morning because we will see all the blocks are filled up all the time now.

the more the blocks fill up the more valuable the bitcoins become in relation to fiat currencies.

something wrong with this scenario .

Mempool bloat? Meh, just another spam attack. Honeybadger eats those for lunch.

$0.06 to get in the next block! Who's buying?

the thing is bitcoin won't shrink in size. but it won't grow either. it simply will stay the bonsai size it currently is.

all the money waiting on the sidelines will flow into alt-coins directly.

good luck with your empty bag - so called early adopters of bitcoin.

AlexGR was happy to remind us it was $0.04 (we should be using sat/byte btw) a week ago. So... 50% growth in a week boys! Can you smell that predictability and competitive advantage? Mewn sewn!

Mempool bloat? Meh, just another spam attack. Honeybadger eats those for lunch.

$0.06 to get in the next block! Who's buying?

close... i think 350 to 500 is their range they are stuck in .. #paralyzed #GimpCoin

bitcoin is not a democracy.