Ninjastic
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Board Speculation
Re: Analysis
by
Miz4r
on 27/03/2017, 14:30:29 UTC
Quote from: york780 on March 27, 2017, 01:02:38 PM
Quote from: zimmah on March 27, 2017, 12:53:52 PM
Quote from: Rakete4 on March 22, 2017, 09:03:43 PM
So silent here....because Scaling debate.

Which proofs that price is determined by fundamentels, not so much by Elliot Waves.

If not for core's failure to avoid a blocksize debate (by phasing in the blocksize increase like satoshi suggested 7 years ago, and working on SPV clients instead of pushing SegWit) we would have easily been at $10,000 right now.

But instead all the money that was supposed to flow into bitcoin flowed into alcoins instead, dropping bitcoin from a 95% share to a 65% share of total cryptocurrency market share.

Exactly. A 300$ decrease and now a 100$ bounce back and everyone be like: wow bitcoin is doing great. Lost alsmost 20% of hi marketcap, saw ethereum getting a 400% growth. Well done all, its going great

Yes, Bitcoin is doing great. Saying we would have been at $10,000 or whatever if this or that didn't happen is just speculative nonsense, maybe we would have been at $100 now because of some other issue coming up as a result of taking the other direction. Who knows. All I know is we're still nicely building that handle after the massive cup&handle pattern that has been forming during the past 3+ years. Ethereum and other alts won't matter once we see the real breakout in Bitcoin, they can have their primetime now while Bitcoin is building up momentum for something much bigger. Patience.