Post
Topic
Board Speculation
Re: BTC will have no more "to the moon" rises. Face it, BTC is becoming BANKING
by
Paashaas
on 20/04/2014, 05:00:03 UTC
Bitcoin 100k is impossible.

You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.

Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.

Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.

Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.

Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.


You are so wrong, we haven't seen anything yet from Bitcoin.