Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254379 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
york780
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March 25, 2017, 02:51:57 PM

I've held back from trying to discuss my concerns here because I know I'll only get accused of spreading FUD but, since I do have skin in the game too, I'm going to post anyway.

The way I see it, Bitcoin Core vs. Unlimited isn't the problem, the prospect of a hardfork isn't the problem.  The problem is the total inability for Bitcoin to reach any sort of consensus.  I think many of us now are past giving a fuck about how the blocksize issue is resolved.  Double the blocksize or halve it, implement some wizardry or tell the microtransactions to sod off and use alts instead, it really doesn't matter.  What matters is that it is resolved one way or another.  The lack of governance is the real problem, only compounded by the refusal of so many to even acknowledge that there is a problem at all.

As others have said here before me, what makes this crash so difficult to stomach isn't the falling price.  We've all seen bitcoin win all sorts of challenges before.  What makes this one so disturbing is that the threat is on the inside, bitcoin's lack of governance, lack of ability to say "this is a problem and this is how we're going to fix it" is actually tearing it apart from the inside.  I'd rather see bitcoin drop to $200 because of China or the US government than to $900 because of infighting.  At least then I'd have some confidence that it would come through, but Bitcoin can only win through if it's in good fighting form and right now it isn't.

At risk of incurring the wrath of the Bad Analogy Police, Bitcoin right now reminds me of Ellen Ripley.  She could fight off any predator and overcome any threat until the threat came from within her own body.  Then she was forced to destroy herself before it destroyed her.

Yes, she was resurrected stronger and cooler for the fourth movie but that took many years and many failed attempts, and even when they succeeded in bringing her back to life she was fundamentally different as a result of incorporating the alien DNA into her own  Tongue


tl;dr: we just need a solution, any solution, but that does mean first accepting that there's a problem in the first place.
Never going to happen. Even if you and many other traders want to. Miners wont allow this so they would pump the price.