Bitcoin price was lagging in the Bitstamp chart at the time of the initial advance. Today it leads to the upside. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here . Not a member? Join now. Bitcoin Price Analysis Time of analysis: 15h00 UTC Wednesday Bitstamp 4-Hour Candle Chart From the analysis pages of xbt.social, earlier today: Although a laggard at the time of the initial surge (as was also the case in June), the Bitstamp chart ends up giving us the most moderate price action and is currently leading to the upside. Well, we know trend is up, so while the rest of the market “comes round” to it, it may be worthwhile considering the latest activity of Bitcoin “Jesus” (or Judas, according to your view.) Roger Ver: Adoption or Bust Ver’s disillusion with Bitcoin ever becoming a Visa-like payment network has led him to sell some bitcoin in favor of US dollars and some altcoins. After years of reciting the same lines over-and-over, he has now found that neither iteration nor millionaire status will sway consensus to his opinion about Bitcoin. Interesting, then, that Satoshi’s consensus is all about informed opinion. And opinions go a long way, as Blues legend Taj Mahal relates it: If you go back to the Delta in the days of Hi Henry Brown… now that was a man. You know when he played his guitar all the women would let their skirts go hang on down. Opinion, yes, but informed and corroborated with experimental evidence. Ver has provided nothing but alleged likelihood that a big block size will make more people come to the party. He fails to include notions of “ Induced Demand ” (more supply == more demand) as well as the market phenomenon […]
