Quote from: Searing on April 30, 2017, 08:35:36 AM

Quote from: Nagadota on April 30, 2017, 08:05:10 AM

Quote from: STT on April 30, 2017, 05:57:00 AM

I believe this current formation is a flag, a bullish sign of a possible further break upwards. The flag is formed after consolidation post a rise through resistance. I'm not that familiar with flag action but I just hear it mentioned alot in stock markets as they are at highs.
Bitcoin bears a parallel generally in that they both benefit from the zero interest rate policy for dollars. Though FED has raised rates again recently, it moves in very small amounts and lags the inflation rate which is higher then base rates. We have at present negative rates when accounting for losses to inflation, this benefits market speculators with far lower costs to borrow any other time in history almost.

Looks like we're finally through the giant cup and handle formation that's been happening since 2013. I have no idea what could happen now - it could break further upwards but I can't see any events which would make it happen. The tiny liquidity on exchanges is making the price unpredictable and my head hurts.

yeah with LTC coming to an agreement vs bitcoin still fighing it out on how to go forward....IF nothing happens in comparison on BTC's side on this scaling etc

price could go 'ker plunk' downward...

that could be the big downside to them stalling on all this...the comparison with movement/consensus on litecoin....makes more folk go to alts

then again..might get them off their ass and decide something as well....LTC showing a path so to speak

(the ways of bitcoin devs of any flavor are mysterious to me) Sad

I think you're way too negative. Sure this scaling issue sucks and we all want it to be solved as quick as possible.
Imo we will se SegWit getting activated in about 6-12 months. And then sky is the limit.
In the meanwhile I believe the price could move up to ~ $2000. Not saying it will be sustainable, but it can be reached.
I mean look how resilient the price has been despite all the drama we've seen the last few weeks and months. ETF rejection, HF threat, ASICBOOST, Antbleed, Altcoins bubbling etc. And still we are over $1300 on an average. Imo this is amazing!!