Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
kehtolo
on 10/09/2015, 12:40:08 UTC
http://blog.blockchain.com/wp-content/uploads/2015/08/Industry-Block-Size-letter-All-Signed.pdf i came across this.pls i am a newbie.is this true? if yes,then 1] does that mean the bitcoin price will be bearish or bullish? 2]after the so called conference in canada will the price of bitcoin be bearish or bullish? thank you!

Fairly certain it's true - it's the first time I've seen the actual letter, but I know that the signatories support BIP101.

1. I believe it's already been "priced in", and that it is, in part, the reason for the price stagnation over the past several weeks.

2. That depends on the outcome of the meeting! e.g. if the meeting finishes with no consensus, I'd view it as bearish. If the meeting ends with everyone hugging - well, that'd be bullish!

My opinion only, others may (will!) disagree, don't bet your house on anything I say!
thanks a lot!!!.i wanted to ask how can 1 be following the events of the meeting in canada on monday or will it be held closed doors? thank you. 

just to answer you.. head on over to coindesk.. they're live blogging it..  i can't guarantee how exciting it is going to be however...

http://www.coindesk.com/live-blog-consensus-2015-as-it-happens/

Also on twitter with the hashtag: #Consensus2015