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Would you support Conor McGregor with your money for a win or Khabib Nurmagomedov?
I think this fight will happen, it's unavoidable. Khabib will possibly fight Tony Ferguson before, but he will win Tony im sure of that, will remain undefeated, then McGregor vs Khabib will be the greatest UFC fight ever.
It will probably will happen after Mayweather vs McGregor.
I think I willl put my money on a Khabib win, but im not sure.
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If you appreciate Litecoin and want it to go to the moon, I think you should stop bumping this thread because noobs will read it and assume Litecoin is officially dead (that's how noobs work). Just post in the Litecoin speculation thread or other threads. This thread is a FUDfest.
I still believe in Litecoin becoming a major player, as long as BTC doesn't get segwit and will not happen anytime soon. Of course if moons align and somehow BTC gets segwit you best believe it's going to get dumped quickly. But that's not going to happen so keep stacking LTC and hopefully we'll eventually go higher.
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Hopefully this will speed up the release of his project. Spending a lot of time on internet forums can reach a point where it's addictive and you don't get your job done. Sometimes it helps to discuss related themes to what you are working with other people but if you post too much you'll see that you are not getting anything done. If I was him I would go 100% work mode and only come back with a whitepaper and something that can be installed on a computer so people can't accuse you of vaporware. We need a gamechanger satoshi style.
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I recently made a deposit at a Bitcoin casino because there was a good deposit bonus. I have played until I released the deposit bonus and won with on a single spin with 1 mBTC pool 290 mBTC.
That's why I would like to know what was your biggest win with a single spin on a Bitcoin casino so far?
I got some ridiculous gains back then in bitcoinvideocasino.com, and it's one of the best feelings when you get lucky. But don't get too excited, I only made 0.45 BTC, and back then it was like 120 bucks. I went as high as 4 BTC, but I kept playing and I got as low as 0.25, then got back to 0.45 BTC. I have never gambled again, id rather risk money on altcoin trades. |
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This is just the hype work in progress. The fight is going to keep getting hyped until it reaches insane amount of all time high attention, then the dump will come in form of a fight thay me a flop but who cares, it will be fun watching them both on the ring and they will make a ton of money (and potentially us too by gambling on the biggest purse ever)
We'll see the fight in 2018 almost 100% imo.
It won't happen 100%! Maybe 10% but not a full hundred percent. Mayweather doesn't want his record destroyed and he is a chicken! He will not fight head on like what he did with Pacquiao. Back again to this discussion, pacquiao won that fight for aggression which Mr. Chickenweather did not have! Mayweather is a world class boxer. He has risked his perfect record for decades, pretty sure he can do it once again vs a guy that isn't even a boxer, get 50-0 perfect record and make 9 figures in a day. |
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Let's imagine we get LN working nicely with segwit, we get people finally being able to make instant, cheap transactions to buy stuff in a viable way in real-life shops and so on, without having to wait for a single confirmation in a reasonable way (no Roger, 0-conf may have been reasonable back then when nobody gave a fuck about bitcoin, so not anymore) What would be the fees for on-chain transactions at this point? Can someone explain with detail and facts (no propaganda) what % of centralization would LN+segwit transactions encumber compared to on-chain transactions under a big block scenario? I just want to know what is the actual level of centralization of LN+segwit. Andreas makes it look pretty nice here: https://www.youtube.com/watch?v=gF_ZQ_eijPsIs it a tragedy if no one can make on-chain transactions anymore without paying a massive fee? Will the blocksize be raised so on-chain transactions are still viable? Is LN+segwit decentralized enough that on-chain transactions are nonsense? or not being able to make on-chain transactions is an huge deal that only leaves a small elite of rich people being able to move bitcoin at top levels of privacy and decentralization? And most importantly, why big blockers pretend to argument big blocks (enough to cater for mainstream, coffeeshop-tier transactions) wouldn't pose a deadly centralizing factor? (as the backbone of the network is centralized in less and less widespread nodes, ending up in datacenter farms) isn't this a bigger issue than the % of centralization LN+segwit would pose? since LN+segwit is a layer, not the root of the network. Why big blockers want to call p2p cash something that would end up controlled by datacenters? Similarly, why LN proponents call it p2pcash when (presumably, as argued by some which im not sure if they are legit or FUDsters) LN would end up a bank cartel where the hubs are centralized and controlled? (and again, only a few can bypass LN and make on-chain transactions anymore to get top-level privacy) Even tho it's clear centralizing the nodes is worse than the supposed LN centralization problem (since you at least can still move coins on-chain decentralized due the conservative blocksize), aren't both sides facing an obvious problem? Am I taking crazy pills? I don't know who is trolling, who is a paid propaganda shill and who is legit anymore. |
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My stop loss just saved my ass so I didn't lose any money, but I didn't sell any, so I didn't make any profit on this ride. My stop loss was set at 0.0105, went to sleep hopping it wouldn't go this low but it just fucking did. Is this a return to mean in order to continue a smooth growth? whales accumulating for 2 weeks before segwit is actually functional? we will keep stagnating until we see actual features being added and BTC continuing struggling to scale to cater for micro transactions?
I don't want to get in now and find out it's at sub 0.01 tomorrow. I know it will go up in the long term but I don't want to see it stagnate until it finds a bottom.
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This is just the hype work in progress. The fight is going to keep getting hyped until it reaches insane amount of all time high attention, then the dump will come in form of a fight thay me a flop but who cares, it will be fun watching them both on the ring and they will make a ton of money (and potentially us too by gambling on the biggest purse ever)
We'll see the fight in 2018 almost 100% imo.
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Market shake to buy cheap LTC before the pump.
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Antpool is officially signaling for segwit right now: https://www.litecoinpool.org/poolsOr at least, there's 1 block there. Considering there's an agreement, I think it's actually happening. The iamnotback prediction was pretty accurate on this one, including a correction to 0.0083 (not as low as 0.0075 but there was a correction) Now lets see how markets react to LTC getting segwit, including BTC (PS: I still don't rule out chinks being chinks even after this agreement, but I think this is a reasonable bet to make some decent to killer gains, get in) |
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Earlier this month I have made a prediction of Litecoin going through the $15-$20 levels in the coming months, and I still stand by that. In that regard, I share some of iamnotback's optimistic stance regarding Litecoin. However, I am also aware of the fact that Litecoin is a coin that adds absolutely nothing to the real world beside it functioning as a speculative investment opportunity. So yes, once the hype is over, Litecoin will tank and go back to far lower levels, where it will remain stagnant for a long period of time (typical Litecoin behaviour). The hype around Litecoin will last until Segwit activation has been cancelled (due to pools dropping support), or Segwit being activated (which results in the hype to fade away when people realize that Litecoin is still the same obsolete coin).
As of right now the coin that's going obsolete is bitcoin because it's simply too hard to change, and this is a positive trait in itself but not if you are aiming for real everyday usage, which is where LTC with segwit and LN kicks in. Cryptos are useful in making certain payments like paying for a VPN. If nothing changes, we'll see $1 fees in BTC. Who is going to pay things like those type of subscriptions with BTC when you got LTC? get real. BTC will stay a hodlers coin as long as the necessary changes don't happen. What is the closest thing we have to a scalable BTC? LTC. Becuase they are the same, so you can easily port code, so BTC development isn't wasted in testnet and can be ported in a real ecosystem. I see LN development moving to LTC because without segwit you are developing in crippled mode. So do the fucking math. Of course, this is all subjected to our miner overlords which can decide to stop signaling for segwit at any time, this is the gamble side of this move. You either sell before the last days in case Jihan does a trick (risking going to the moon after "segwit activated" news hit the press) or you hold through (risking that Jihan shorts after ruining segwit activation). Good luck. the thing you don't understand is that bitcoin does NOT need scaling right now. there simply isn't enough transactions to fill the 1 megabyte blocks yet. you have fallen for the public scam called "Spam Attack". when there are thousands of useless transactions being sent out and even miners who are filling the blocks with junk you see full blocks and a big mempool but in reality the number of transactions is not that big. i suggest you start looking for evidences and proofs and then use your own judgement to make a conclusion instead of reading some propaganda on the forum or elsewhere and repeating it. and litecoin is just a gateway for bitcoin. SegWit and LN will be tested in real world instead of a testnet with no use and if it was successful it will be activated on bitcoin too and if not then we try fixing it and if not successful we will finally move on and litecoin will die. (better LTC than BTC). p.s. just FYI miners are our employees. their opinion matters but they are no more than a small part of the whole bitcoin. it is the community who can not decide what they want otherwise if we reach a consensus we can easily force their hands. Im not falling for shit, look at the facts. Im aware of Roger Ver's spam attacks, in any case, it's a matter of time BTC fees and speed become a problem for (again) usages like buying VPN or whatever, let alone seeing people using it in OTC in shops. Without segwit and LN mainstream usage is impossible. When will BTC get segwit? Never with 95% consensus, so UASF is the only way, and we all know that's a bumpy road. It's yet to be seen how it's resolved. Meanwhile, LTC can have a smooth transition to massive scaling without needing UASF or anything controversial because it's getting miner support, so that's the place to be. Of course you can wake up with a crash at any day because miners control the price, but that's a part of the gamble. What is almost guaranteed is, BTC will not smoothly get segwit, so I expect big price swings in the process (if a UASF ever happens) |
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Earlier this month I have made a prediction of Litecoin going through the $15-$20 levels in the coming months, and I still stand by that. In that regard, I share some of iamnotback's optimistic stance regarding Litecoin. However, I am also aware of the fact that Litecoin is a coin that adds absolutely nothing to the real world beside it functioning as a speculative investment opportunity. So yes, once the hype is over, Litecoin will tank and go back to far lower levels, where it will remain stagnant for a long period of time (typical Litecoin behaviour). The hype around Litecoin will last until Segwit activation has been cancelled (due to pools dropping support), or Segwit being activated (which results in the hype to fade away when people realize that Litecoin is still the same obsolete coin).
As of right now the coin that's going obsolete is bitcoin because it's simply too hard to change, and this is a positive trait in itself but not if you are aiming for real everyday usage, which is where LTC with segwit and LN kicks in. Cryptos are useful in making certain payments like paying for a VPN. If nothing changes, we'll see $1 fees in BTC. Who is going to pay things like those type of subscriptions with BTC when you got LTC? get real. BTC will stay a hodlers coin as long as the necessary changes don't happen. What is the closest thing we have to a scalable BTC? LTC. Becuase they are the same, so you can easily port code, so BTC development isn't wasted in testnet and can be ported in a real ecosystem. I see LN development moving to LTC because without segwit you are developing in crippled mode. So do the fucking math. Of course, this is all subjected to our miner overlords which can decide to stop signaling for segwit at any time, this is the gamble side of this move. You either sell before the last days in case Jihan does a trick (risking going to the moon after "segwit activated" news hit the press) or you hold through (risking that Jihan shorts after ruining segwit activation). Good luck. |
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Looks like it was a good idea getting in below 0.01.
Segwit signaling looks healthy, coupled with the Coinbase addition it's a good deal to hold. Of course we are always subjected to some dumb chink ruining the uptrend, but let's try not to think about that and enjoy the gains for the time being. I believe there is good enough traction to hit $20 and more if you like to gamble.
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I was just wondering: Lets say we hit 2030 and price is around that $500,000 prediction. Fees insanely high at $600,000. Only dollar billionaires (or trillionaires at that point) are using the bitcoin blockchain anymore. In this scenario, who would be the bitcoin developers? I imagine that whoever is still developing bitcoin publicly will be extremely hated by the rest of 99.999999% of population that cannot afford 6 figure fees and got left behind with was once was supposed to be "internet money for the people". These guys sure don't look like illuminati trilionaires:  Will any of the current developers still be around? I wouldn't be able to defend with a straight face a coin that is only used by some insanely rich weirdos. I guess they will continue developing it anonymously? Well I imagine by 2030, or near 2030, at this rate maybe not version 1.0 but BTC will be near "completion", definitely no more exciting features to be added, but all software needs a certain maintenance. So let me get this straight.
Even people holding millions of dollars worth of bitcoin, will see their bitcoins trapped because transaction fees will be worth millions of dollars? What fees are we talking about by 2030? (at supposedly around $500k price)
Well we can estimate given that BTC trades 1/100th of its market cap daily. So @ $500k per BTC thus a $10 trillion market cap, thus $100 billion transacted daily. Given 144 blocks per day, that is $600 million per block. Let's assume that whales will put complex settlement transactions on the blockchain with many inputs and outputs so perhaps only 100 transactions per block. Presuming that whales are willing to pay 0.1% fee for security (i.e. $600,000 per block), that means a minimum transaction fee of $6000. If whales are willing to pay more for security, say 1%, then minimum transaction fee of $60,000. However, I think whales will end up demanding a kickback from miners for their transaction fees, so that miners can jack up fees on non-whales. Whales can make this demand because they can refuse to send their transactions to miners which won't deal. Yet non-whales can't make a credible threat, because miners who generally offered lower fees would end up losing hashrate relative to those miners who didn't defect from the fee market. Thus I think you will probably see miners colluding to extract the maximum fees that gouge non-whales. So perhaps 10% fees so $600,000 per transaction. You'll pay it because you have no choice, whereas the whales will have exempted themselves from the fee. So in other words, we will be paying the fees for the whales, eventually the millionaires paying exorbitant fees in order to transact unregulated. You'll of course be able to avoid that exorbitant fees by going through a regulated option as I explained previously. So the bottom line is the whales will be free from regulation and we will not. We remain slaves. Well in that case I will be able to cash out. Anyone with at least 2 BTC will be able to make that one-time-only transaction and cash out. I was just worried that I couldn't even make that one-time-only transaction to send the coins into an exchange and dump for dollars. Being a dollar millionaire sure beats not being able to do anything with your BTC because the fees are insanely high. There's just no point in having money in an unregulated blockchain when you can't do nothing with it. Also, can't whales find cheaper ways to move their billions? I think if I was a billionaire, I would still be a bit pissed off at having to pay $600,000 for a transaction. They will have 0 alternatives even in 2030? |
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I believe some sort of moon is possible, but I feel like Jihan is planning something nasty. I think he calculated how much hashrate he needs to keep the segwit at around 75%, and then by the end of the signaling period, he has to raise it a for a short while to make the average <%75 and the whole signaling period is lost at a small cost for him.
Thoughts on this?
I think if Jihan keeps fucking around he will undermine investor's patience.
Hey may but that is ~2 weeks from now when we get near to the final tally on SegWit. Currently the tally is 78 - 80% with more than 10% of the blocks completed. The BTC crash is I think ~3 days from now. The charts don't lie. The uptrend line is going to intersect between April 19 and April 22. Then the price must go up (else the entire uptrend is broken and we go back to $4 which seems ludicrous to me). I just don't see how he will not. What does he gain if segwit gets activated, vs letting the price grow for 2 weeks, set a short and profit bigly? |
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I believe some sort of moon is possible, but I feel like Jihan is planning something nasty. I think he calculated how much hashrate he needs to keep the segwit at around 75%, and then by the end of the signaling period, he has to raise it a for a short while to make the average <%75 and the whole signaling period is lost at a small cost for him.
Thoughts on this?
I think if Jihan keeps fucking around he will undermine investor's patience.
How are you storing BTC's worth of LTC btw? I guess you don't keep it in poloniex
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I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.
I just wonder why he isn't signaling segwit yet?
I didn't ever hear if bobby lee has litecoin hashrate.But can you tell me how many the hashrate power of litecoin has had by bobby lee? What is the name of his mining pool? I've never heard this before. In my opinion, all of the litecoin power by the brothers of lee gets to concentrate on charlie lee. I don't know how much he has. Anyway the idea would be to get some of the hashrate from bitcoin and put it on litecoin temporarily to activate segwit. I think I heard this from iamnotback where he said bobby lee would eventually drop some hashrate on ltc's segwit. Something I have been thinking about is how Jihan is likely waiting for the right moment to deploy a ton of anti segwit hashrate. Too much of a coincidence that we are at around the edge of 75%. He may have calculated how much hashrate does he need to keep it at around 75%, then at the last day or so, he will deploy a lot of anti segwit hashrate killing the entire signaling period by lowering the average below 75%, just 0.1% under 75% and the entire period is lost and he does it with minimal costs vs constantly keeping it under 75%, so beware with that. |
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No offense my man, but who cares if you give a fuck? At the end of the day, LTC will not further jeopardize its reputation as they are in for the end-game. As one of the last remaining early-mover coins, soon even be fiat-traded at Coinbase. There are bigger things going on right now as "short term push push but we need it nau!!1".
Just my opinion.
You make no sense. How does a miner signaling more hashing power to segwit jeopardize its reputation? Do you realize Litecoin is an useless bitcoin clone without segwit right? the only thing that can make LTC have any realistic chances of ever hitting an ATH again is with segwit and we better get it soon because the more this things get delayed the more impossible it becomes (see bitcoin) |
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I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.
I just wonder why he isn't signaling segwit yet?
I am new to crypto. But from what I can tell (personal opinion): firstly saying not sure if they are related but if, i think this might jeopardize the doubtworthy integrity of LTC even more. Don't get me wrong. I am fan of LTC. But now that the "public" already is aware that LTC is quite depending on a few Chinese dudes, that would maybe the last nail on its coffin? Who cares? as long as we get segwit and the price pumps to $50 I couldn't give a fuck who signals for segwit. (I think it will not reach $50 tho) Mining is centralized by a few chinese dudes that can move the price with tweets, this is the state of crypto in 2017, sad but true. In any case, if we get segwit then lightning network development can begin in LTC and we can finally see how LN and segwit would work in a real life scenario, it's an interesting experiment to see what happens. |
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I remember reading that Bobby Lee (brother of Charlie Lee, creator of Litecoin) has enough hashing power to activate segwit. With the extra hashrate, Jihan Wu would need to put extra money in trying to block segwit in Litecoin, so the more hashrate we have signaling segwit in LTC the better.
I just wonder why he isn't signaling segwit yet?
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