Quote from: LoyceV on March 28, 2017, 11:49:20 AM

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Quote from: zimmah on March 26, 2017, 02:13:06 PM

Seems we haven't quite yet left the triple digits behind for good.

and it seems it might still take a while longer before we will.

Aaand we are on 4 digits again.. Cheesy

It starts to be quite exhausting to say good bye and hello to the triple digits all the time again and again. Grin

But seriously, there will still be probably some kind of oscillation around 1k btc before the new bottom will move above that level. Good thing is that we could see, that even when there was a thread of hard fork or ETF approval, we didn't get very deep and we can say that $900 is a reall bottom right now. If you compare it with 2014, bitcoin is much more stable than it used to be back in the times. Cool

Some price fluctuation is good for traders. I don't mind it as long as we trend upward. In fact, a slow rise with fluctuation is probably the best scenario.

The recent pumps and dumps of bitcoin it's heaven for experienced traders, because (without no offence to anyone) current market is full of noobs driven by emotions which panic sell with every little price change. And those pro traders, who then buy low are laughing hard. Wink

I have been HODLing my bitcoins for forever, and I never sold, not even when the price dropped to $250ish after having reached $1300. I don't give a damn, I don't sell for price swings up or down.
But just recently I did sell 25% of my coins and exchanged them for altcoins, because I am getting sick and tired of this blocksize debate, and it's hurting bitcoin.

If this debate isn't resolved soon, bitcoin will die from it.

And the worst thing is, is that bitcoin core had the responsibility to avoid this debate, and they failed. Yet they still have support of many people, even though they failed the one job they had.

I fully agree, they are ruining bitcoin and letting altcoins getting their marketcap as a result of pour leadership

lol. have you seen bitcoin price history so far!
it has been always like this, the current trend of price going down and having (seemingly) trouble to go back up has been a common thing. the FUD subject changes but the principle stays the same

the same goes for altcoins, they have always used this opportunity to pump themselves and that is not new either.

I've been in here longer then you kid, I don't need to look at the history of bitcoin, I was there.

This is different though.

This isn't some FUD about an exchange being hacked, or the president of China farting on chinese miners.
This is a serious issue that is caused by poor leadership and politics.
An issue that could have been prevented, and could be fixed easily. But so far it has taken years and it's still not fixed, and there's no sign that it would be fixed at all.

The technical side of the problem is trivial, but the political side is difficult. And most of the altcoins don't have the same problem, because they have nothing to lose, so their leadership isn't fighting for control (yet, at least).

Due to this infighting, the user experience for bitcoin users is noticeably getting worse. Or at best stagnating (and in revolutionary technology, stagnation is identical to deterioration). While at the same time altcoins keep innovating and increasing user experience.

How long do you think bitcoin can ride of their network effect alone? Because truth is, bitcoin has offered nothing to their users other then being the big guy in town for the last 2 years or so.

Do you really think this fact alone will be enough to carry bitcoin for another 2 years?

think again.

Bitcoin is still young, most investors are innovators and early adopters. Early adoption and innovation is in your blood, you're either an early adopter or you're not.
Early adopters constantly look for revolutionary technology. And right now, bitcoin has became stale.
So most of the whales in bitcoin have already started to look for promising new ideas. Some may have already diversified a bit to test the waters.

It won't be long before they dive in completely. You can't keep innovators and early adopters satisfied for very long with a stale product.

It depend on the price, fully. If the price stagnates and other cryptocurrencies will outperform bitcoin then we have a big problem because it occcurs at the same time when bitcoin has his big issues. I agree that this problem isnt like the others. This isnt a temporary problem that bitcoin can overcome easily. The price reflects the situation perfectly.

The block size problem can be fixed very easily! This has been going on for way too long though.
I can only imagine the positive effect on Bitcoin if the scaling problem ever gets fixed. Bitcoin already has thousands of transactions every 10 minutes. It is a good thing to have that many transactions, it shows the need to transfer money and actually use Bitcoin.
Increase the limits and Bitcoin can grow. One way or another. I don't care how.
Or, wait until some unimportant pre-mined or centrally controlled alt-coin takes over.

technically it can be fixed really easily, and should have been done long ago.
the problem is political, and i'm not sure bitcoin will ever overcome the political struggle.

mostly because a lot of idiots still support the obviously toxic blockstream.

if the bitcoin community would just ignore the toxic blockstream devs, bitcoin would be way better off. Instead, a lot of people seem to cheer them on.

Ridiculous.