In any case, looks like another Bitcoin fever is about to be ignited in 2017, so we have another mad gold rush likely coming at us soon. So expect the altcoin sector to go even more bananas crazy as a result...
Remember what LTC did in the 2013 bubble! It will probably be a different altcoin in the 2017 - 2019 time frame, which does another 100X rocketshot (maybe 1000X from the lowest prices).
Looks like a serious breakout to ATHs is within months:
Note they need the raise the upper limit of block size (while lowering the average block size with the one-time SegWit compression) in order to accommodate surge load and also one of the flaws of Lightning Networks is it can place very high surge load on the blockchain.
So although this isn't the fix for the long-term, it is a near-term solution to open the throttle on Bitcoin adoption.
Remember what LTC did in the 2013 bubble! It will probably be a different altcoin in the 2017 - 2019 time frame, which does another 100X rocketshot (maybe 1000X from the lowest prices).
And so as I told you: Bitcoin Price Watch; Breakout Time!
Looks like a serious breakout to ATHs is within months:
Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!
" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."
http://np.reddit.com/r/Bitcoin/comments/5gcg98/will_there_be_no_capacity_improvements_for_the/darfdyg/
" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."
http://np.reddit.com/r/Bitcoin/comments/5gcg98/will_there_be_no_capacity_improvements_for_the/darfdyg/
Note they need the raise the upper limit of block size (while lowering the average block size with the one-time SegWit compression) in order to accommodate surge load and also one of the flaws of Lightning Networks is it can place very high surge load on the blockchain.
So although this isn't the fix for the long-term, it is a near-term solution to open the throttle on Bitcoin adoption.
Re: is it time to start seriously talking about a $5000 BTC
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006
I expected a correction because the price went too high too quickly. Most of the time when we see it spike high like that, it will come back a little.
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006