Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 21/09/2016, 01:18:43 UTC
Quote from: zimmah on September 20, 2016, 09:03:01 PM
Quote from: JayJuanGee on September 20, 2016, 07:31:24 PM
Quote from: noobtrader on September 20, 2016, 05:29:21 AM
i guess this btc thing will stay at 6xx for decades before some new development (and/or) mass adoption happen...  Cry

Are you prone to exaggerations, or what?

What makes you think that bitcoin is going to stay in the $600s "for decades"?  Sure it is possible, but you seem to be lacking any kind of insight based on reality or assessment.. or maybe you need a bit of patience?   

Sure, BTC prices have been in the $600s for 2-4 months, depending on how you look at the matter, but does this translate into decades.. .hardly. ... maybe you could argue or complain that we could be here for many more months, or even a year or two, ... but "decades?"  get real. Roll Eyes



If we keep the 1MB blocksize limit we might also stay on $600 for decades.

But if we do increase the blocksize and the amount of transactions the blockchain can handle per second we should see more adoption and therefore higher prices as well.




Are you fucking crazy?  You already know that there are pending developments that are addressing blocksize limit matters and the amount of transactions that can be done through bitcoin, whether those are done on the actual blockchain or they are done through lightning network or through some other variation of off blockchain transactions. 

It would be a considerable stretch to suggest that those developments could take years when they are likely to come out in the coming months, and you are suggesting that those kinds of developments could take decades?  Are you for real?