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.
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
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
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)
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
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?