Post
Topic
Board Speculation
Re: Bitcoin price cycles
by
Sidas_Crew669
on 19/08/2016, 16:45:27 UTC
I think we are entering another super-cycle but there is still going to be a ceiling on stable price, which can be temporarily overshot, due to the cost of mining taking up too much of the world's energy consumption.

https://bitcointalk.org/index.php?topic=694401.msg9186092#msg9186092
https://bitcointalk.org/index.php?topic=694401.msg7841448#msg7841448

Would be helpful to run these numbers again.

I believe a super-cycle is way overdue, but because of many problems right now it is being held back

for example the bitfinex problem and the blocksize debate that has been gone on for way too long and is still not even anywhere close to solved.

If that were true, then some altcoin with better scalability would've rocketed past bitcoin. Yet here we are, with the total cryptocurrency market cap below bitcoin's all-time high.

The simplest explanation is that the demand just isn't there.

Yup, market demand or my usual call is a movement of the market is a major factor in doing something. and we will not be able to benefit from market movements are weak crypto, except bitcoin. because as poor as any in the future, bitcoin bitcoin can bounce better and give a tremendous advantage