Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 26/09/2019, 15:51:54 UTC
You seem to be of the notion that since BTC is doing well relative to the other Bitcoins at the moment, that it will do so for all time.

As you are aware, my thesis is that Blockalypse II is in BTC's future, which will drive adoption to the other Bitcoins. This is an episodic event, consisting of a sea change in BTC's operating environment. Such an precipitating event may result in a snowball into the more capacious Bitcoins, each of which fits the purity narrative of hewing closer to the initial protocol design.

IOW, Past performance is not a guarantee of future results.

Hey jbreher... Lets say for a moment Blockalypse II takes place. I would think this would be so damaging to Crypto it might not add value to other cryptos. It might just make people turn away altogether. Just thinking out load. In a real Apocalypse it would take a long time to recover from the devastation.

Why? There were two directions (ultimately three) in with the masses could have thrown their lot. The masses went one way, when the proper decision was another. All it would show is that sometimes the masses choose poorly. Would this stunning revelation really surprise anyone? Nay. They'll just adjust to the usable chain. As they should have at the initial fork time.

Your 'stall of BTC means the death of crypto' narrative wears no clothes.