Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 29/10/2014, 14:42:45 UTC
There's NOTHING that is really bearish about the data contained in your first two links above, and your last point seems to be near total pie in the sky speculation with NO real world evidence to support the point that you seem to be attempting to outline (as if bitcoin is kind of dying away... hehehehe.. yeah, right...) 

YOU are saying "bitcoin is kind of dying away", not me.

But, indeed, there is NO real world evidence about bitcoin usage.  Those plots do not show such growth, and we have no idea of what that blockchain traffic really is.  That is all of my point.

But, if you care to know, I also believe that the bitcoin entrepreneurs like Andreessen, Sielbert, Draper, Matonis etc. (and the bitcoin "news" sites that they support, like Coindesk) have no interest in such data becoming available, because they know that it would be depressing and bad for their sales.  Just like they want people to believe that China is irrelevant.

I believe that last point is a bit much, and merely seems to be playing into concepts that BTC is a ponzi scheme, which you should realize by now that it is NOT a ponzi scheme, even though you want to continue to project theories and to see data that are in support of those kinds of ideas and the spreading of those kinds of frameworks.