Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
my bet: we are lacking any fantasy right now. no event that we could rally into. the halving was theoretically perfect for a nice rally but the rally got interrupted by the finex and DAO shit. so now what events should markets focus on? there are none. so all thats left is the reduced daily supply, but i doubt that will be shortterm enough.
On the contrary.
Bitcoin movement has been disappointing lately. Any idea when will the block size issue be fixed?
It could be sooner than many expect.
Some fault the miners for being slow to act, and too trusting... but in reality, they have to be very careful. If they do end up being compelled to do something contrary to the wishes of the dominant repository and its developers... they need to have taken every reasonable step at a compromise, an amicable middle ground. In a sense, they need to have been screwed over in an obvious way, to give them the moral justification to act in the spirit of the original agreement.
This may lead to the most ethically profound moment for Bitcoin yet, and the full "coming out" party for the functionality of Bitcoin's "core" incentive mechanism:
And now, back to your regularly scheduled programming...
https://www.reddit.com/r/Bitcoin/comments/4seyk3/its_quiettoo_quiet/
