Quote from: sidhujag on January 21, 2017, 06:44:50 AM

Case in point.. you held lots of btc based on your comments of bitcoin being held down by invisible hands or limitless funded entities margin shorting. Yet you continued to hope it would rise based on your knowledge assessment as to what true value was. The thing was you probably ended up selling off during the last rise and now hold a less biased view of the market.. your biased in metals its quite obvious. Helps from external perspective.

Speaking solely in terms of monetary speculation in Bitcoin, there's been a lot of developments since then. For one, LN was billed as some type of savior to make Bitcoin a million times better and able to take over the world. It seems like LN would need to do things like que channel closings in some type of centralized manner, so I never knew exactly how the hell they were planning to pull this off. I thought, hey, maybe they can do this in some way I'm not anticipating, but the miners aren't even approving segwit, so Bitcoin has kind of lurched into stagnation for the moment at least.

I've always said Bitcoin needs at least 50 TPS (around 8 MB blocks + Schnorr sigs) to function as a viable global currency, so with no block size increase or LN, it's in a problematic state IMO. At current block size, I feel it might not be able to go higher than $10,000 to $20,000 a coin at most due to transaction fees and load capability. If that's the only upside I see in this thing (while also easily being able to go to $0), stuff like silver starts to become a fuck load more enticing than Bitcoin does since it has even higher upside with less risk.

Do you really think Bitcoin can go higher than $10k - $20k each with no block size increase or LN? This is assuming it doesn't get stuck where it is now. I know these markets better than anyone and the last 3 cliff wall rises like from the halving and recent $1150 were all done by a single entity (single entity meaning 1 guy or several people pooling all their resources to one trader).

The only time I noticed more than 1 entity moving the market (they all have unique signatures) was when the Bitfinex price TEMPORARILY went higher than Huobi during halving. And then the naked shorter on Finex right before it goxed (who were likely Finex employees). Regardless, I don't think people understand how few people rule this market. There are not many!

Then you also have the fact ScamFinex has been pulling higher volume than Bitstamp even though it's a completely insolvent exchange with no margin enabled that no real human would ever trade on in current state. The Bitcoin market is currently a giant MtGox time bomb waiting to destroy everyone with stuff like this going on. If Bitstamp can't even beat Scamfinex in volume post Finex goxing, it means there is no actual, real interest in Bitcoin and the whole thing is just powered by fraudulent exchanges pumping and dumping in collaboration with the Chinese attempting to move money west.