Quote from: Searing on June 15, 2015, 08:44:37 AM

Quote from: arallmuus on June 15, 2015, 08:39:58 AM

Quote from: hunnaryb on June 13, 2015, 11:21:26 PM

It is very difficult to convince non-tech people to adopt something new that they haven't heard or used before.

It is actually much harder to convince them that a virtual coins on their computer have a value of $200~ each.

Quote from: Amph on June 14, 2015, 07:35:39 AM

you got it, a pump is the only thing that can boost bitcoin price and force adoption in a short time, yeah it's not a natural grow, but what it really matter is what will happen after the pump

What will happen after a pump is a dump. A pump will always be followed by a dump afterward basically because some people are buying at the peak point which makes them cut their lost by dumping it back. A pump cant force adoption but a stable higher price would

Quote from: legendster on June 15, 2015, 06:29:41 AM

The prevailing mindset is that when the BTC production limit is reached the price will skyrocket within the hour.

That would be in about 100 years later and all of us would be not around anymore by that time

Quote from: mikaljan on June 15, 2015, 08:15:09 AM

I'm pretty sure someone already controls the price

Indeed, a whale or a group of whale controls it, could be the chinese (no fact about this, just my asumption)

Quote from: Searing on June 15, 2015, 08:31:31 AM

China ban is lifted .... Russian ban is lifted

Even if the ban isnt lifted, most people from the country are still using and trading it as usual though

Quote from: Searing on June 15, 2015, 08:31:31 AM

most likely in the next year if we are very very luck BTC will creep just above 300 usd ...but imho that is a stretch
with all the drama dev dislcord on 20mb or not block size etc etc

Next year will be the halving year, it is not yet clear what will happen after the next halving as the price might skyrocket or plummet to the ground instead. Also if the 20mb receive the consensus, the price will be decreasing alot

er to your last point....assuming 20mb consensus is reached....why would the price drop as a result (use small words this whole block size thing makes my head hurt)

and how would or could this differ should they say reach consensus on say an 8mb jump instead?

thanks

To be honest , that is the worst possible scenario available though due to most of the people that are not going with the consensus. Also based that on the last fork, there was alot of FUD regarding it

However if you want to take a deep look and make your own judgement for it, this is a good start https://bitcointalk.org/index.php?topic=1078123.0

Quote from: JarvisTechnology on June 15, 2015, 08:54:18 AM

It is right now going downward since last so many months. Even as the bitcoin users are increasing and there are more number of bitcoin transactions, still it is going downward.

Increasing number of people using it doesnt matter actually because right now the price is being manipulated by few traders. You can easily check that since previous months ago there have been alot of positive news regarding BTC but none of it made impact to the price . Somewhat, it will requires few years for the price to increase or perhaps next year atleast after halving