Bitcoin Forum

It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road

true, you should always diversify your portfolio, you don't want all your eggs in one basket. Hold on to some bitcoin because it is still projected to increase, but buy others as well

The reason other coins easily upgrade their protocols is precisely because they have less people using the coin so it's easier. When a coin gets on the level of bitcoin we'll see if it's as easy for them to get things done (and proof of Vitalik doesn't count btw)

That's what people don't get. They seem to ignore that Bitcoin probably has the highest amount of work and discussion going on around the scenes, not like ETH which is led by leaders and people are happy to follow. I'm not saying ETH is bad but if everyone switched over to LTC or any other alt and see the same problems happening, they'll be left wondering where their devs are.

Other coins are used by people to increase their bitcoin holdings. Whales pump shitcoins then when average joe gets on board they dump & use their fat profits to buy more bitcoin's.

Let's see if the recent altcoin pumps last long.

Spreading your portfolio is always a good advise that you have to heed. I think almost everybody is doing it even before the news on August 1 started. In fact, the current value of Bitcoin has already discounted the FUD leading to August One.

Personally, I am not so worried of what can be the outcome after August One...I am confident that we can have a smooth transition and a dark tragedy like a coin split can be averted.

After all of these speculations and debates, I am sure that Bitcoin can emerge more stronger and fully ready to fly and soar like a Philippines Eagle all ready to conquer new territories and markets.

My worry of price around August 1st is that the uncertainty is not already built in to today's price. Less clued-up holders may not be currently selling,  not through faith in Bitcoin but through lack of awareness. If news comes out closer to August that spooks these holders we could see a large crash in price

We cannot rush things just because other are switching to some alternatives. August shall be a major milestone for Bitcoin and a thorough preparations are needed. So if some people gets out of board and boarded a boat, sooner or later they will abandon that boat and gets back to the mother ship. Diversifying is not bad and some recommend it but it shall be all up to you yourself.

Don't worry, Segwit2x signalling has begun today (https://coin.dance/blocks).

As of today, 69,2% (36,8% Segwit2x + 32,6% BIP141) of the blocks are signalling for some implementation of Segwit. And that's only the beginning. As both variants are now compatible, tracking the sum of both values is legitimate.

It is not compulsory to invest only in bitcoin if everybody concentrates  and put on more effort on bitcoin how will the other alt coin grows I think It very wise to invest in other coin who knows how there are going to fare in few years to come. Diversification of investment is a welcome development.

Let them try, you saying lots of altocins TRYING and you are right.
Litecoin risked much to test SEGWIT, it works, now Bitcoin can safel add it :), other coins are testnet for bitcoin.

Looking at the site you mentioned it says that Emergent Consensus has 37.1% support and Segregated Witness (BIP 141) has 31.8% support,so what would be the final result ,will there a split if both have enough support.I am still not sure which is the best upgrade going forward. @ OP since you are holding bitcoin for some time you might be in profit right,so why don't you book your profits. ;)

If the solution is a hardfork, it's not a solution. Bitcoin will be splitted in two and it can weak the currency, weak more than just continue as it's now.

People can move themselves to AltCoins, but it doesn't mean they can't come back to Bitcoin later again. BTC continues pricing a lot and still increasing, nobody is crazy to left it for much time.

Right. I am one of these people who temporarily switched to using other altcoins for payments because of the current state bitcoin is now but I am still waiting for the implementation to fix things up. I don't think altcoin will be as much as bitcoin afterall bitcoin still has the majority of coin holders in cryptoworld and alt oins are just for people wanting profit to get more bitcoin.

The "emergent consensus"-supporting miners can support Segwit as well, most of them are doing it supporting the Segwit2x proposal. "Emergent Consensus" is independent from Segwit, it is simply a mechanism that allows miners to signal for block sizes they support (also known as "Bitcoin Unlimited").

The most likely outcome is that we will have Segwit activated in July. Then a large part of the miners (about 80%) will signal for a 2MB hardfork which will occur in December, as far as I know. It's up to the Core developers to support that hardfork or not. If 2MB are supported then we will have a pretty smooth upgrade. If not, then this may result in a chain split.

My initial math was wrong as there are some pools that support both versions of Segwit. But from the last 50 blocks, more than 90% (47) are supporting Segwit2x or Segwit-BIP141. You can see it in the list at the bottom of the coin.dance/blocks page.

That is why it is always better to diversify your investment into different altcoins rather than holding bitcoin only. One of the best example would be ethereum, during the days when ethereum are still in developing process, it does have a lot of problems that needs hard fork to rectify the situation. But people that believe in it still continue to holds it and purchase more, and now it is time for them to collect their sweet profits for their trust in ethereum  :)

There is no need for anyone to just hold one coin, it is always advised to hold multiple alts along with bitcoin and keep exchanging them during pump so that you can ultimately have more bitcoin than what you used to have few months back. In this way you can earn so much interms of Fiat compared to what you can by just holding bitcoin for price rise.

Everyone seems to be waiting for that day and waiting on what's going to happen to bitcoin though there are a lot that expressed their loyalty including me.

There is nothing bad if you are trying to make your investments grow with other coins. And if you think you can make yourself fat there, go.

But make sure there's no regret when you started to migrate and bitcoin started to be on his attitude of being dumped and after that will rise quickly.

There is certainly an uptick in the demand for Litecoin, but it is far from replacing the BTC for retail payments. The vast majority of the retail sites which accept crypto-currency still prefer Bitcoin. There is a fierce competition for the second spot between various altcoins, such as Ethereum, Ripple, Monero, Litecoin, and Dash.

Hope it was sooner indeed. Like it's kinda unusable now. I'm not even sure if I prefer BU or SegWit, but we need a solution ASAP.

The money moving in bitcoin is way bigger than the money moving in LTC, Bitcoin has this problems because it is too big, and I’m going to tell you something the bigger it gets the more difficult any change it is going to be, so get used to it.

I thought by now people have already figured out to divide or the most commonly used term is diversify your money if really want to make profit, so instead of just investing bitcoin you also invest other alternate coins. I think you just wanted to fast forward to August 1st so people will be hyped about the news about bitcoin.

Investing full money on bitcoins is not preferable, I am not telling only for the intention of August 1st this is not good for anytime. Investing full money in only one business is always a risk so divide your money and invest on different altcoins. If one thing goes down, another one will give you profit. Keep one thing in your mind if you not make a profit also no problem but don't lose your hard work money.

If I wanted to buy something with crypto I certainly wouldn't bother converting to an alt. There is no saving. Your Bitcoin fee to an exchange may as well be paid to Bitpay instead. No exchange rate weirdness or fees either.

Cool for Litecoiners though.

as the bitcoiner this is just like waiting the judgement day and actually i do love bitcoin even when the first time i use cryptocurrency bitcoin has introduced me to this world however i might be will wait the further informations regarding this hardfork but if on August i would facing the worst situations for bitcoin then nothing i could do besides followed new trend

yes its true that bitcoin is suffering from huge pressure but i guess its mainly because miners are taking advantages of this. i know they can work with lower mining fees but as because right now there are some huge monsters out there mining the whole market by only under 2-3 countries its under there control so they are the reason of this stupid price increase. but still developers are trying to find some ways to overcome this mess but still i don't think they can overcome if bitcoin's reputation falls at this rate and why the hell the price is rising still.

Its really a concern matter and gradually people are losing the patience they have in bitcoin but the way I see it, it sems the concern parties are not interested but my fear is that the other ALTs might face similar scenerio if every one should decide to switch sides in that regard in which what might befall them might even be worse than what is currently being witnessed with bitcoin.

I never knew all this was going on. This really throws a monkey wrench into the works for all us noobs out there. Sounds like people taking their money out of stock A and putting it in stock B because stock A hasn't moved in a week.

In summary, what we understand will happen for sure if the current trend is continued is that Segwit will be activated next month? I wonder if the improvements after that will change anyone's mind about what happens post Segwit.

 Yes i do agreew ith your point people are taking turn towards alternative coins they are experimenting with oldest coins getting som gains like litecoin , ripple and doge are increasing day by day its value .

That's the whole point of trading and investing

Namely, that you should never ever get married to a particular asset or investment. If you see or feel that something is wrong with your investment vehicle (be it Bitcoin or whatever), get out of it and switch to something else. All talks about being Bitcoin supporter or anything to that tune are for the bag holders and early adopters who didn't pay a fuck for their coins and basically got them for free. If you bought bitcoins with your hard earned money, there is no room for such things like being loyal and similar bullshit. You are in for profits, and there you go

Yeah, if there is nothing change after the event in august 1 then we can expect a huge price drop in bitcoin and most of the people will just transfer to another coins like litecoin and other cryptocurrency that can make them use or transfer money easier unlike in bitcoin that is slow in transactions and also they want a good coin for long term and we all know that bitcoin is not the only one for that.

We cannot blame those users who switched to other altcoins out there specially ethereum and litecoins,they just want their money to be transafered faster with lower fees unlike sending bitcoins where fees can came up to 5$

I would say that most people pretty much don't understand the situation. Bitcoin is having some issues but I would say this is the natural consequence of huge adoption and changes that are going through.
It's good to invest in other prosperous coins too but no matter all problems Bitcoin has they will not replace it so easily. And who says that these altcoins will also not find themselves in same or similar problems like Bitcoins once (if) they reach that position and so big number of users?

There will always be people who want bitcoin to remain a top priority, don't worry too much about it. If after 1 August the bitcoin condition worsens, then it will be the beginning of autumn also for litecoin & all altcoin, For all this I only worry about one thing that is transaction costs that will never go down.

Altcoins rise bit by bit and the highest one is gigabyte when it ever reach over $800, then there are zcash, ethereum and gnosis with high price for now. People didn't left bitcoin, they invested on several coins but will convert into bitcoin again in the right time due to people believe that bitcoin is the best cryptocurrency. We're waiting for bitcoin problem to be solved, when blocksize increased and transaction fees decrease.

People will start pricing in LTCs drop when bitcoin gets segwit. LTC is just a test coin for what we can put on bitcoin, it works well for this.  Also great for moving money quick from exchanges.

You really cannot expect experienced traders in the virtual world,expect these sort of things here,people are trading on a daily basis and there is no long term investment in this sector,if people things that they are not getting what they are expecting then they would switch coins just like that.

I don't trust any other coins. I can't trust 100% even bitcoin. I think that over time bitcoin will absorb all alternative currencies then the price of bitcoin will rise to heaven. I'll wait for this moment and then I will know I am right or wrong.

I see very few people moving their funds to LTC or ETH or other crypto currencies because of this reason. Most of the known people bag holders are supporting both the sides and having strong feelings about it. I dont think it will effect much on the network.

Well you know why litecoin and other altcoins can upgrade easily is because they have only a small community so, the devs can do everything they want to upgrade their own coin unlike in bitcoin whereas we have a huge community and we have the also the companies as part of the community so, the community will give the devs a hard time to implement the upgrade.

Well it's not my business what kind of cryptos people use to conduct transactions, but it does make sense to see some people moving to altcoins while everyone waits for the rest of the community to figure out how they're going to fix the blocksize issue. If that doesn't get fixed then there's a high chance that people will start to move to cheaper transaction coins and there will be more services required to make use of the influx of alternative forms of payment. Might be a good money-making opportunity for some people.

that's also a good reason mate there's already a lots of people and company that's already using this system so doing a big change will need
to consider them its not an investment alone but also a system that already have good uses.

We cant blame those bitcoins user for their act i think.As a good holder of bitcoins you must find ways to find a faster way to transfer money for their customerd or for themselves alone.Me myself already switch some of bitcoins to altcoins

We are still 'bubbling' so to speak, and the fees and congestion at the moment are making some of the alts a lot more useful. I'll be damned if I send a btc transaction nowadays, I'm sending that shit as ETH because a) it's going to get there quickly, and b) the fees are a fraction of its bitcoin equivalent. I'll use Doge or LTC in a heartbeat. Even if you totally ignore the fee situation, the speed of confirmations makes it worth it if you need to get shit done, ASAP.

It hurts to watch the price drop on an alt while you have 1 of 3 confirms :(

If you're searching for volatility, and it certainly sounds as though you may be then you probably should go with an alt-coin. The problems that bitcoin is facing are going to be evident inn any coin that operates similarly, and any coin that doesn't operate similarly will be subject to an entire library of new problems. Alt-coins either start at square one, or they copy bitcoin and have less resources to improve.

If all you did was purchase $1,000 in bitcoin and hang-onto them for awhile you'd have ridden the gravy train. It's not going to triple in price daily, but it is one of the most solid investments I have seen in years.

Yeah bitcoin improvement this year is really bad, so many bad rumour and problem about bitcoin that had caused bitcoin dominance is falling down and a lot of users invest in other alt coin, there are so many people believed that using litecoin is better than bitcoin and after I tried by myself, litecoin transaction speed is amazing, and there are so many alt coin is trying to replace bitcoin now, if bitcoin not improved then it could lead to a falling price and there will be a possibility that bitcoin will be left behind

There is much expectation as to what will happen on August 1, but I think that there was even more excitement at this point last year due to the upcoming halving, but actually nothing relevant happened that expected day. While it is true that there are many issues that are affecting the functionality of the bitcoin ecosystem, I do not think that August 1 is such a crucial day for the future of bitcoin and perhaps we will not see any significant market behavior. But difficult times will certainly come sooner or later... :-\

I didn't get, don't you satisfied with bitcoin's constant growth or what?
It is really smart to have founds in some currencies, I chosed Bitcoin and Litecoin, in the current moment I think to add Etherum in this list as well. Add to that I'm looking for some constantly new coin which I could buy very cheap today and get the possibly big profit in a year or two. Does anyone have an idea what it could be?

Perhaps, bitcoin is the most famous cryptocurreny but does not have much improvement, I mean what else can be improved in such coin. Because of its fame it only moves upward but the counter approach is that it can barely move an inch, bitcoin used to be a more useful when the price is less but now they only see it as an investment so basically more demand is coming and starting to not spin around the circle, I think you're right about everything you stated but I disagree that August 1 is a nice date to consider other options as bitcoin only started having problems since it started gaining a high value and it only outrageously gaining high price this March.

I heard that in august we will see the hard fork of bitcoin hoping that we can see the improvement about bitcoin.. if not like you said other people can be transfer to other altcoin instead.. but i don't think if its a good idea but saving other altcoin just to be safe and maybe other altcoin will be replace bitcoin  its just my opinion that invest in other altcoin just for safety reason to get the benefits of the price or if bitcoin will crash a lot..

I think bitcoin will not crash ,still many btc users were buying it , it just happen that more also were just storing it in their wallet so btc market not works well or due to delays and fees, btc needs to fix and work things out. For the meantime its also good to put some in altcoins.

Altcoins can change their protocols easily because of the fact that not many people use them. This is why August 1's hard-fork is going to be a huge milestone for Bitcoin. Bitcoin has much more members in its community compared to altcoins like Litecoin. Thus any change to its protocol would require a massive shift of people. In other words, it is much harder to change Bitcoin's protocol. Ethereum is facing the same scenario. It was easier for them to change their protocols when its market cap was smaller, but now it is much harder.

I don't think there is any such relationship

At least, not in the way you think. You are obviously drawing wrong analogies and conclusions here by saying that "any change to its protocol would require a massive shift of people". There is no such thing. If some safety defect is found in a car (say, brake problems) and the car gets recalled, then this claim will hold true of course and a lot of people will get affected who own this vehicle and now have to return it. Changing protocol comes down to downloading a new version of the client and whatever software miners are using (if the changes are not compatible with the previous versions, which is not always the case). There is no "massive shift of people". Bitcoin is different from other coins in that more people will suffer (read more money will be lost) is something goes awry, but otherwise updating it is not particularly different than updating any other software

Things seem to be different this time around

Aside from that, if we talk about the last halving, all relevant events happened before and after the actual date. First, there was quite a lot of hype in the first half of 2016 due to coming halving, with prices rising all the time. As expected, they corrected dramatically a few weeks before the event itself (from over 750 down to 600 dollars per coin). A few months after the event (in late September and early October), the prices started to gradually rise since the reward halving as expectedly began eating a dent in the market supply of new coins. So even if nothing important happened on the date of the halving, this doesn't in the least mean that halving itself didn't have any effect

Yes indeed intense competition of other types of coins other than bitcoin or altcoin they can continue to compete so that its value is able to match the value of bitcoin, But I'm sure even though the altcoin value exceeds the fixed bitcoin coins no 1 to whenever only a bitcoin has nothing to match the popularity of bitcoin to date.

In case of a worst scenario you should pick other coins with high potential,Bitcoin is facing some issues and other coins are getting mileage so it's better not to put 100% of your trust in one coin although in my opinion it's still the best coin to invest.

Litecoin taking over Bitcoin?????

Etherum maybe but Litecoin???

This LTC price growth is only due to Mr. Lee leaving Coinbase, working full time on LTC and some rumors about Bitstamp adding LTC. Pumps and dumps we ve seen gazillion times in crypto. In terms of size and user base especially, LTC s not even close to BTC and I do not think it ll ever be.

Regarding BTC, Segwit2x seems to be agreed, over 80% of miners have started signaling it and I m positive about this being a solution, at least a temporary one.

However, what I know so far is that big players ALWAYS find a solution once their mining operations get endangered in any way.

All in all, BTC has always been the king and I think it ll stay that way for a long, long time.

The road to Segwit2x is a bit complicated:
- first, miners will signal for "NYA" (New York Agreement). That is happening now. But they are still using their old software (mostly Core or Unlimited)
- second, in July the Segwit2x software will be deployed. From this moment on, the Segwit2x fraction will signal for BIP91. This is - in layman's terms - a kind of "promise" that they will signal for Segwit.
- BIP91 gets locked in with 80% support. From this moment, only blocks from Segwit-signalling miners will be accepted - like in BIP148.
- Segwit gets locked in once 95% are reached (which is more of a kind of "formality" as other blocks are not accepted)

In every one of these phases there could go something wrong (there may be "bluffs" or other psychologic moves from one or both of both fractions). But I'm optimistic - I think miners (of both fractions) know that their profits will dwindle if we have a chain split in August 1.

For now, in the last 100 blocks, if I counted well, 92% are signalling for some form of Segwit. But the BIP91 phase is when things get "hot" because once that is locked in there is no way back.

I think even altcoin, Ethereum particularly will be catching up to bitcoin but maybe because of a fork or something else, but as you have said, there is no way that bitcoin will stay like that, it is the first and original digital currency so it will surely pump and and leave Ethereum and other altcoins behind.

People don't go towards altcoins due to transaction problems.Rather,they buy altcoins to just increase their bitcoin holdings since most altcoins are just pumped and dumped.Altcoins have very low volume of user base and hence transactions take place quickly unlike bitcoins.

You are right. I have thought about that too several times. Bitcoin is huge and comparing it with another altcoin is like comparing bugatti with volks. The user Base is extremely high compared to any altcoin which I'm sure all of them have not even gotten close to where Bitcoin is today. We must make this work, it is our community, it is just a challenge that I believe will pass rather than fleeing to an altcoin that won't even last if it probably faces half of what Bitcoin is facing presently.

You should be actively trading both coins to see the difference

Previously, Litecoin has been closely following Bitcoin almost on hourly basis. If Bitcoin went down, Litecoin went down twice as fast. If Bitcoin rose, Litecoin either rose too or remained at the same level (unless it got dumped heavily). Now things seem to have changed (or are in the process of changing). Now Litecoin goes mostly against Bitcoin. If Bitcoin goes down, Litecoin rises and vice versa. It is yet too early to draw any definite conclusions, but if Bitcoin plummets significantly (say, 200-300 dollars) while Litecoin spikes, that would be pretty much it

This is where you get rather vague

In your other points you are pretty strict and precise, but where it matters most you seem to be not telling us the whole truth. As I got (https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77) it, SegWit is set to be activated first before September, and then, after half a year (which is the period intended for stress testing the software), 2M Blocks hard fork is activated. So why miners should necessarily deploy the Segwit2x software in July? What you say basically means that they would already be using some untested, bug infested code before August. What did I miss, and what did you not tell us?

Basically the SegWit (short for segregated witnesses) is a proposal presented by the team of Bitcoin Core. It comes in the form of a soft fork, a compatible upgrade that can work, even if some users do not upgrade their software (without forking in the network). It was released in version 0.13.1 of the Bitcoin Core client. In it the transactions would be composed of three main elements. The sender, recipient, and signatures (commonly referred to as witnesses) make up a large part of the size of the transaction. Contrary to popular belief however, SegWit does not separate these data from witnesses into a "witness block".

Yes I think it's good we're not fixated on a single coin, because there will be a possibility something bad could happen if the coins we believe are down drastically, there will be panic for each holder, because now the competition between coins more and more visible, Bitcoin Occupy the top Crypto currency, I also strongly believe in bitcoin, but to prevent something that is not in want, it's good we hold on to one altcoin.

Hey Guys,

lots of scammer ppol online. Only transact with "paxful" site when buying and selling your bitcoins. Thank u.

It is not a bad thing to just focus on one coin, but always a good thing to spread out your portfolio. If you do not have enough confidence right now, you can still consider using other coins before august 1.  Just spread out your investments on other coins for the time being.

You shouldn't focus on one coin, try diversifying coins since the unexpected might happen anytime from now. So, you should always be ready and avoid disappointments

Also LTC is great as a backup plan, if something were to happen to bitcoin we have litecoin as a backup for that day so someone wanting to destroy bitcoin not only has to destroy bitcoin but litecoin as well and it needs to do it very fast or the devs could take action to protect LTC from whatever destroys bitcoin.

we are all anxiously waiting for this bitcoin day as it will reestablish bitcoin to be in a better position and we are likely to see some movement with the coin unlike what's happening with our fat coin.

I can not understand why August 1 is considered the end? There is no good reason for this, and even to disseminate such information it is necessary to think carefully. Reality We see that Bitcoin is very good Staying afloat and I do not think that this situation will change.

Well, I do not think it's quite the way you put it, we are going to assume a hypothetical case that the  BTC price drops too then LTC will fall the same way because both are connected, besides it is not the same to make changes in a network that has hundreds of thousands of transactions daily that one that has only thousands.

It is not that we think it is the end, but after that day a few months later the miners are planning a hard fork and many things could go wrong if they follow the plan, so it is important to be prepared and know what you will do in case something happened to bitcoin, will you hold? Will you sell? That is something you need to know.

Alts have been doing terrible lately so I would count on people getting back into bitcoin come August 2nd when the world didn't end. Who cares about litecoin?

Good thing for the litecoins investors i actually have a investment in litecoin and its a great profit when they get it successful but i also have a investment in bitcoin and i still hoping for the success of bitcoin so i will still dont sell my bitcoin in that day and hope it will be double.

litecoin taking over bitcoin is indeed a joke, there is no coin that can be used for normal shopping other than bitcoin, this retail thing that use litecoin it's probabl fake or you made it up, where is the proof of that?

litecoin also was abandoned by numerous shop back in the day, because it was pointless to have two coins doing the same thing, and bitcoin do it better

ETH also i can't see how it's suited for purchasing stuff on the web, ETH is more of a platform thana  payment system, i see ETH as a support coin, that can help some project not a contender for bitcoin

No, you have yet to say exactly what the problem is, they do not buy altcoins to increase the bitcoin storage capacity, they just view the altcoins as means to make a profit. Compared to bitcoin, altcoins are capable of generating faster profits...

Taking over above bitcoin is always been a plan of a certain altcoin in the market and how can you say that they are gradually switching on another coin? Price of bitcoin is still stabilizing as of now between these ranges that we observed on 2-3 weeks time. Theres no sign of dump or pump as of now but im quiet excited on the upcoming august 1 event because i do really want on how bitcoin price would react to it.

Your statement touched me! Bitcoin is fat really and moving really slow but we dont know the right reason yet.  It might be because whales are carrying out important decision about it and we are getting ready for the biggest transformation to occur.  Lets not slip into other coin so quickly as bitcoin has always kept its promises since the birth. It is slow right now that i agree but will shoot like anything after the august first.  So lets wait and watch the big bang. 

we're not out of the woods yet.. alot of conflicting interest in the BTC drama scene.. Hold on tight to your coins and hope for the best

I hold couple of Litecoins and I didn't notice the price changed so much during this month, only in last couple days +10$ break was seen. If people moving their founds to Litecoin, must be the number of people is not so high to change the price a lot.
People are waiting for this 1st August with different feelings, someone scared and some impatient. I just hope that SegWit will bring positive changings in transaction speed and fees, hope those problems we have now will be solved.

Litecoin has been doing just fine recently

Moreover, it has been going up when Bitcoin has been mostly stagnating, which is a very telling sign if you ask me (provided this tendency gains ground in the coming days and weeks). It is not rocket science that people will pour their money into the coin which is able to offer them consistent profits over longer time frames. And Litecoin has been outpacing Bitcoin in this regard as of lately, so it is just a matter of time. A matter of time over which Litecoin is more profitable than Bitcoin. As simple as it gets

In recent weeks LTC has gained traction, that's true. But don't forget that LTC didn't fare well in the BTC bear market of 2014-16 either. LTC still has to regain its pre-bear-market price level of > 0.033 BTC.

In fact, the question is not so much about Litecoin here

It is more about Bitcoin itself and its failure to efficiently and effectively solve the issues its currently faces. Litecoin has SegWit and Lightning Network activated already, but they are utterly inconsequential so far (since it hasn't yet reached the level of adoption where they would make a difference). In this way, the current rise of Litecoin is mostly due to Bitcoin's failure, and, ironically, if Bitcoin starts spiraling down as it had been growing in 2014-16, Litecoin may regain its price levels of over 0.03 BTC per coin without actually rising in dollar terms just due to Bitcoin going down

I do not believe in bitcoin for the rest of my life ,, let alone the same people hopefully in early August can make bitcoin better.

Hold on to some bitcoin because it is still projected to increase, but buy others as well.Because bitcoin is digital market for money.

It's been a while since this post was made, not really, but it does seem like quite a long time. I think that we have all been waiting for a day where the blocksize finally isn't capped at 1MB. A day where transaction times and fees won't be through the roof. But now that the day is slowly approaching, many of us have sold our Bitcoin in fear of what is going to happen to the price, purely the price, not whether it is going to stay popular or continue working well, just the price. From June 20, the posting of this topic, to the 1st of August, there was only around 40 days separating. Why could we not wait that long?

But seriously, a lot of us dreamt of a day like this to come, and once you could see it on the horizon, you decided to sell.

I guess you should check the charts again

Today the price of Litecoin has been hanging around 50 dollars per coin. Exactly one month ago, that is, on June, 9th, the price was around 30 dollars (on the next day it even went below 29 dollars). The difference is something like 20 dollars, which amounts to a whopping 20/30×100 = 66% growth. I can't really fathom how you failed to notice such a change. Regarding the Judgement day, we must hope for the better since, as the saying goes, there is only one thing which is worse than false hope and that's false hopelessness

Very true, I am dissapointed in how the BTC has developed, the fact that tx take centuries to confirm and the fees are most likely bigger than 3$ makes it impossible to use it for everyday payments.

If August 1st won´t bring a solution I will eiter cash out my BTC for Fiat and buy some stuff to store value, or switch to an altcoin which is not like "i don´t like new technologies" (propably the better solution as I really like the concept behind decentralized cryptocoins), the only unfortunant thing is that BTC is already very famous and widley used compared to any other altcoin.

What will happen in August?
Everyone talks about it, worries and hopes.
look here
Https://bitcointalk.org/index.php?topic=1993766.0

Like whatever happens, I still believe that nothing bad will happen to Bitcoin.
I keep Altcoin for sale. positive thinking

No matter what happened on August first, bitcoin will still be leading others cryptocurrency! Many greedy idea has been injected into bitcoin and that is why we are facing this hard forks issues. I think bitcoinist both the enthusiasts and miners need to work hard to bring most of the problems bitcoin is facing right now into resolutions. We shall see bitcoin became mainstream very soon!!

I am completely agreed with you on this issue.
many negative rumors have been spread out about the bitcoin at 1st August. i think nothing will happen to this platform. i always suggest those people who are really worried about that day, bitcoin will remain same as today, so keep connected with bitcoin forever and keep enjoying the countless facility of bitcoin for lifetime...

Good points. Will be interesting to see whether SegWit and LN will differentiate LTC enough for it to be not taken down with BTC during the next bear market. The alt coin market still smells heavily of pump right now, so I'm skeptical how much of LTC's recent recovery has been on its own merit.

I wouldnt say they have switched and abandoned btc. I think supporting other alts like ltc also prolongs the life of all other altcoins out there inclusive of bitcoin.

it might seem like nothing is being done but the Bitcoin system is different from other altcoins as btc needs a consensus to be reached before any changes can be done
it might seem like this because your eyes are focused on bitcoins only when other coins are equaling getting a beating but come August bitcoin is going to write history

They are more of a promise than of real advantage right now

As I told in my post to which you replied, technically, they are irrelevant and inconsequential at this very moment. We don't know how well they will work when Litecoin starts to process the amount of transactions Bitcoin tries to cope with on a regular basis now. But they are there already, no matter what, while Bitcoin failed to introduce them, and this is the difference which might potentially cost Bitcoin dear. Apart from that, you can't possibly talk about Litecoin's "recovery" since it has been consistently doing all time highs in dollar terms (that's what counts). In other words, it didn't crash, it had just been lagging behind Bitcoin all these years. While Bitcoin grew, Litecoin mostly stagnated

I agree with you, do not let anyone switch to Altcoin, because I think Bitcoin from the past until now is always at stake by people so the price instantly becomes as strong as the thread, why people will switch to Litcoin, if everyone moves with Litcoin I do not know would like What will happen.