Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
but you can always fork off and play with eth dapps derps.
ETH: Price > 10x in 2 months
BTC: Keeps tanking, predictably
Man, you must feel AWFUL
Bad as the tears around here, when BTC started tanking at $1,200?
Man, would'a cried my eyes out, myself, because such not P&D
Yes in retrospect we recognize $1200 as an inflated highpoint... but hardly a pump and dump to take nearly a year to force the price down to below $200 with considerable amounts of capital used in order to achieve such objective.
Actually, there was considerable amounts of capital used in both directions (the pump and the dump of bitcoin)... We will see whether Ether can do another 10X... after the latest 10x... and that would surely be impressive if it were capable of such (which seems very low likelihood). Bitcoin seems to be in a much better position for a 10X (at this time) as compared with Ether doing another 10x at its current price point.
Another 10x?! You mean "and blow Bitcoin right out of the water"?
You do understand that 10x * 10x is 100x, correct? Making ETH market cap higher than BTC by, roughly, a third?
The improbability of this sort of thing is something many Bitcoin enthusiasts fail to grasp
Lowered Expectations
~ time passes ~
~ time passes ~
~ time passes ~
Yep, third month of 2016, no $500
Next Coindesk poll: 50% of Bitcoin Experts Believe Bitcoin Will Be Worth Over $275 by 2017
Prob'ly miss that by a shitload, per usual.
Regarding the point about another 10x of ETH or a 10x of BTC, surely I recognize your point regarding the ramifications of a 10X of ETH (if BTC were to stay the same price or even to drop in value). The market place does all kinds of irrational things because it is based on some irrationalities and information disparities and pure speculation disparities. So, yes, what I am saying is not completely outside of the realm of possibilities (I mean I am not making a straw man argument), yet maybe we already agree (in part) regarding my overall point that bitcoin is in a much better place than ETH for an irrational valuation appreciation that is more capable of securely supporting such irrational value appreciation.
Even though ETH currently has considerable momentum and hype, there are likely a large number of crypto knowledgeable people that would acknowledge and recognize that ETH is currently in a very precarious position. .not only in terms of a potential (and probably extreme market reversal), but also in terms of the security of its various systems (including third party risk) to secure the value that is contained therein. I'm not sure about how long it is going to take for the ethereum situation to get ugly (or if it will for sure), but it seems pretty likely to end with a lot of downward movement (that is likely going to take place quite a bit faster than what took place in bitcoin in 2014).
Regarding polls, surely they can reflect various kinds of public sentiment. But there is a lot of inconsistencies in polls and which populations are being polled and what questions are being asked that can change rapidly and also does not really reflect what bitcoin prices are actually going to do and how people's perceptions can change once the price starts to do something that the persons' had not originally conceived to be within the mix of possibilities.
Your quoting of the polls is all over the place, and I doubt that such polls provide any meaningful insight concerning either the short term (3-12 months) or the long term (1-5 years) price possibilities of bitcoin.