These are two statement from the same post...
my question: Aren't these two statements mutually exclusive?
edit: after rereading my post.. I should have said: Aren't these two statements contradictory?
The long term trend for bitcoin value is contraction, not expansion.
This is not a thread about the speculation of bitcoin's future, these are the facts.
This is not a thread about the speculation of bitcoin's future, these are the facts.
my question: Aren't these two statements mutually exclusive?
edit: after rereading my post.. I should have said: Aren't these two statements contradictory?
Yes he seems to make a point but then contradict it later on in his own statement.
Not at all.
I offered ample evidence that can easily be verified by hard sources and simple logical reasoning to back up my thesis.
Therefore, no contradiction. Facts follow formula, and I provided the requisite references.
Dude you nor anyone else can predict the future with 100%accuracy. Thus your claim although you cited sources is still S
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N.It's actually a well educated hypothesis; One that in all likely-hood will continue to bare out as I've laid forth. Look, even since I started posting BTC has lost 9.5% of it's 24hr value. There will of course be a bump, but then another gradual slow burn fall as has been happening ever since the Gox recovery.
The signs are there for anyone to see. This market isn't really as volatile as the speculators would love it to be, at all. At it's been predictable since the bubble began. It's really not a mystery to anyone that understands these basic truths.
It's called volatility. You are talking in such short terms. Come back and talk to us all when a year has gone by and you've let your hypothesis play out over the long term and not in such a short term period of 24hours.
What's called volatility, volatility? Or the opposite of volatility, predictability? Are you saying predictability is volatility?
Anyone who believes that this bubble was caused by magical "volatility" and not entirely predictable cause and effect is merely shortsighted, or mentally deficient. I remember quite clearly the MASSIVE amount of total MORONS during the height of the bubble that were outright LAUGHING at everyone saying it was a bubble, and all circle-jerking all over each other about how the growth was going to continue to be exponential and take it up to $100/BTC by September and other assorted bullshit.
RIGHT TO THE MOON!
Well...obviously those of us who saw it for exactly what it was/is aren't trying to sooth our deflated egos with this "volatility" mantra.
The fact is the Bitcoin market has NEVER been a volatile market. There have been extremely clear causal sources for the markets exceedingly predictable movements, going all the way back to April when the mining craze started to heat up.