Bitcoin Forum

It seems Eth and maybe dash / Ripple ???? are fast catching up, btc is only 67% market now.

The lack of dev consensus in BTC is killing it at an amazing rate.....at some point market share will be lost if this continues and why would people switch back.

The big implication being if BTC can not even decide on this issue, what about all the other issues that are going to come up?

I wonder when BTC community is going to see this? Before it is to late?

wait for the alt pump to calm down and then take a cold, hard look at stuff. nothing goes up 3x or more in the space of a few days/weeks and stays there no matter what it is, let alone the same tired old crap on poloniex.

but yeah, i hope this is a wake up call to everyone. it can't drag on forever when there might be better options. i don't class anything out there right now as a better option but others might.

There is no better option than bitcoin yet. Its used wordwide, even in countries like africa. Its the symbol of crypto, king of decentralisation and heir to the new wealth generation.

sure it did BTC went up 10x to over 1c and never came back down.

I believe the answer you are looking for is "Now".

true.

i'm gonna boldly say that that was a little bit easier than when tens or hundreds of millions have been spent. at some point people will want to get that profit back out.

Can someone explain whats happening with the price

you know sadly I think your right......

If you look in general, if Bitcoin is pumping, then certain people are in full support of Bitcoin. But when they see that altcoins are pumping, then suddenly they do a 180 and go full nuts on altcoins where they even think that Bitcoin will get surpassed. That's well known noob behavior.

I think the moods of these people are even more volatile than the price of Bitcoin is. That being said, it's not to the community to decide what to happen. Miners are in control and need to make an end to all of this by ditching BU and start supporting SegWit. This nonsense has taken too long already.

The Devs have consensus, its called SegWit, the miners on the other hand have different ideas. Who is at risk of losing more with the death of Bitcoin, Devs or miners?

you realise this is exactly how 'they' want you to feel? pressure is being piled on from all angles. it can't last forever.

let some smoke clear and see how it looks then.

the issue is not the smoke clearing from this, but the implication this is going to happen again. and again over relevant issues.

I believe miners would have more to lose when the price declines so its a wonder to me that they would risk everything over this blocksize nonsense.

it's not the miners who caused this problem.

Ripple is kind of irrelevant, they're some strange cryptocurrency gateway or something - I hardly understand it, but I know that they only want to supplement Bitcoin.

DASH is also kind of irrelevant, just because their market cap is still well under a tenth of Bitcoin's.

Ethereum is definitely getting somewhere but it's on its own path.  Even if it's price became higher than Bitcoin, it wouldn't have taken Bitcoin's place - it's tiny centralised development team shows its separation from any communities associated with Bitcoin and Bitcoin wouldn't die.

But Bitcoin could potentially die from itself (rather than the rise of altcoins).  This would only happen if the debate went on for more than another ~8 months without a solution and the cost of transactions kept going way up.  Even then I don't think it would ever die, just suffer.