Speculation Rule: buy when others are irrationally pessimistic or too cautious

[shield132]

It seems good proposal in trading because mostly people are doing things wrongly but what did OP suggest to people if everyone will take care of his following advice: "buy when other are too irrationally pessimistic or..."?
Selling and buying and price will be changeable like chaos.
To my mind it's better to analyze situation and don't look to anyone, make your own decisions.

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[york780]

I have read the SegWit activation on Litecoin. Would be quite interesting how that plays out. But Its easy for a coin to rease 70% a day when it was only worth around 5 USD. In its glorydays it was worth 50 USD. Litecoin i dead for years. Its famous for hodlers who were/are desperately waiting to finally make some profit on this coin. Its way better to buy Bitcoin because Bitcoin has much MUCH more potential than this pump&dump coin. You and I both know that this is a forced whale pump, not sustainable event-based or adoption-based growth. SegWit alone wont push it up with 70% in one day. Whales do.

You don't get 50% of Bitcoin's volume without others realizing the potential and following the lead of the whales.

I have no idea why you think that accelerating scaling which Bitcoin can't do due to stalemate, isn't worth $billions if not $trillions.

In the past, LTC had no comparative advantage. Now it has a huge comparative advantage. Don't be late to board the train, because you are getting poorer as you delay realizing this new reality.

Nah I think I should pass. I am a bitcoin investor and I trade some Ethereum & Dash & ZEC wen it pumps for more bitcoin. I wish you good fortune in the price wars to come. But I personally cant place this hype because of SegWit alone. It only lasts when there a more positive factors around. Bitcoin is a mess right now, Litecoin is an old trustworthy coin. So people are seeing it like a substitue for BTC. My believe is that BTC is almost bottomed-out and that people will come back to their sentence and dump their altcoins. Altcoins are in a huge bubble right now. Cant risk it to get trapped.

[iamnotback]

Check my logic. Litecoin will be the scaling currency. Bitcoin the settlement currency.

Think of it this way; for your theory to work, would mean a part of the money would have to move from bitcoin's whales to litecoin. BTC already has a civil war, a huge flippening threat from ethereum, and now you're telling me btc whales desperately want ltc segwit to pass and are boarding too with a part of their money ? Can't be, btc whales are not suicidal, they would risk too much. If they wanted to exit, they would have done it by now.
Whales will simply not risk their wealth for something as dumb as this, kill the largest part of their wealth just to move it into another coin lol.

LTC's volume is just a pump. Most of btc's value that moved away from it in fear, moved into ethereum. But know what all these other altcoins had in common ? Each of them had their own shares of pump series, because they all tried to attract the money flow from bitcoin and into making people believe there's where money's moving.

Incorrect logic. Only the disgruntled minnows need to move, and remember (in a Zipf distribution) the minnows do control 33% of the wealth, but they just aren't usually organized and can be manipulated by whales. But there is something else maybe going on, which is that those BTC whales (and/or dolphins) who are on the scaling side of the civil war, now have a way to increase their relative wealth while getting the scaling they want. They can't act within the Bitcoin ecosystem without getting burned. But they can trade.

LTC provides a proxy for the various parties to profit on resolving their differences. Money moves in the direction of the least resistance and that which allocates capital to the most production.

LTC might flag pattern here a bit (pull back a bit) while the market digests whether Bitcoin is really stuck in a stalemate with ever rising fees. But it is very likely going much higher.

Remember silver is the money for the common man. Litecoin is the silver to Bitcoin's gold. Bitcoin is the money for the small blocks with very high fees. Litecoin will be the scaling currency. Of course the smart miners and developers had a plan B. It makes complete sense now in retrospect.

Litecoin will now be known as the scaling currency. Bitcoin will be known as the power broker's settlement currency.

1. other CCs have Segwit
2. Segwit/LN isn't scaling
3. Segwit isn't LN now

Those 2 cents altcoins are irrelevant. Litecoin has the status to be the silver to Bitcoin's gold.

LN will provide scaling but in the form of private banks fractional reserve banking. It is scaling, but semi-centralized with settlement back on the blockchain.

sure but regular man will be able to use ETH DASH... LTC is another Chinaman currency.
Once ETH will adopt LN and stuff like that i don't see LTC becoming that "silver"

Ethereum's Raiden which is a LN clone will likely be ready sooner, but Ethereum doesn't have the same security (due the hacks possible with its scripting and willingness of community to do HFs) as Bitcoin and Litecoin with more mining as it scales up to 1/5 of Bitcoin's marketcap. Ethereum is in a different market of doing more applications with blockchains, not just payments.

There is a reason that Scrypt ASICs were made. This plan for Litecoin has apparently been made a long time ago. Some smart people had foresight.

If i were bag-holder i would sell today 80%

I posit that LTC is changing from weak, tired hands to strong hands who know the real value proposition. Once the weak hands are out, then we continue skyrocketing upwards.

Half of the entire marketcap of LTC was traded today. I've never seen that happen any where.

Those 2 cents altcoins are irrelevant. Litecoin has the status to be the silver to Bitcoin's gold.

you know what if i really want "silver" i would use fucking DOGEcoin much better silver than LTC.

Dogshit isn't silver:



Chihuahua WoW has no SegWit/LN nor quality development.

... but Ethereum doesn't have the same security (due the hacks possible with its scripting and willingness of community to do HFs) as Bitcoin and Litecoin with more mining as it scales up to 1/5 of Bitcoin's marketcap...

Like that would be reason for people to chose LTC over ETH come on.
ETH was attacked multiple times and what they live at 2-5 bilon market cap all  time.

You act like the DAO attack and community HF never happened.

Different security model entirely. Not immutable, more risk given Turing complete scripting. Yet also more experimentation for killer blockchain apps. Ethereum is a different market than what the silver to Bitcoin's gold must be.

I'm still invested in ETH because blockchain applications are going to have utility, and Ethereum is racing ahead faster with developments.

[iamnotback]

Re: Litecoin has potential. Beyond $50?

There's something else there, look at the volume.

and etc managed volumes well over 100,000 btc, then it went and did nothing for a long, long time when it went back to a fraction of that volume.

Wasn't that due to the DAO attack?

Did you read my analysis  

i am not intelligent enough to take it all in. you know way more than me. i just call it how i see it.

The game theory and economics is such that SegWit softfork (necessary for enabling the scaling of Lightning Networks) can't be enabled on Bitcoin. Stalemate is the indefinite status quo.

Litecoin (at its current market cap and situation at this juncture in time) has different game theory and economics, thus it hypothetically can enable SegWit and get rolling on scaling.

Ostensibly I threw out the hypothesis that the whales and miners have been (as quietly as possible) accumulating (both LTC and Scrypt ASICs) in order to prepare for a massive upward revaluation of Litecoin as the scaling option to Bitcoin's strict small block future.

This is very speculative (and rushed) analysis and lacking thorough due diligence.

[tabnloz]

Re: Litecoin has potential. Beyond $50?

There's something else there, look at the volume.

and etc managed volumes well over 100,000 btc, then it went and did nothing for a long, long time when it went back to a fraction of that volume.

Wasn't that due to the DAO attack?

Did you read my analysis  

i am not intelligent enough to take it all in. you know way more than me. i just call it how i see it.

LTC is a trusted coin that works as intended. It doesn't get hyped, in fact Charlie is quite sarcastic regarding it.
The game theory and economics is such that SegWit softfork (necessary for enabling the scaling of Lightning Networks) can't be enabled on Bitcoin. Stalemate is the indefinite status quo.

Litecoin (at its current market cap and situation at this juncture in time) has different game theory and economics, thus it hypothetically can enable SegWit and get rolling on scaling.

Ostensibly I threw out the hypothesis that the whales and miners have been (as quietly as possible) accumulating (both LTC and Scrypt ASICs) in order to prepare for a massive upward revaluation of Litecoin as the scaling option to Bitcoin's strict small block future.

This is very speculative (and rushed) analysis and lacking thorough due diligence.

Thanks for the analysis iamnotback.

it's a logical theory, will take it on board.

[iamnotback]

Stay away from shitcoins like Decred.

Waited for the dip, dip happened, got in at 67, now 76, good money so far.  For how long will you hold? It's yet to be seen if we can pass the 80 top.

Regardin miners.. I remember reading some miner claiming how they had enough millions in mining power to attack bitcoin regardless if they changed to scrypt, X11 or any other algo. Not sure if bluffing or serious.

Happy to see you made a move.

Fundamentals are such that we should be going back to $30+ at least (of course nothing is guaranteed, make your own choices). Hang on tight.

It could get volatile so don't set a stop loss too high unless you want to get stopped out too soon. Don't trade unless you are good at trading.

You will understand how good the relative fundamentals of LTC are when you read my upcoming scathing analysis of Decred and PIVX.

There really isn't much in the way of quality altcoins with valuable attributes other than a handful including LTC, ETH, XMR (but in my opinion of the chart, XMR needs to go down to $15 first).

[iamnotback]

One more interlude:

Litecoin is getting pumped because new ASICs are coming/selling online. They need to flush the hardware inventory at pretty high price for suckers... so they pump LTC and once all the hardware is sold gravity takes over.

I am sure because of the pump last night a lot of people ordered A4 dominators or other notable LTC hardware.

So the new (higher efficiency) ASICs supply is limited. Exactly fits my hypothesis! By raising the price to a new level with SegWit activation, they will maximize their revenue if they have quietly locked up all the coming supply of new ASICs.

Are you claiming the SegWit activation isn't coming?

You see by getting all these miners hooked into an investment where they need higher prices, then they need to activate SegWit. It is a very clever strategy.

So you'll be signaling SegWit activation to keep the speculative interest in Litecoin high?

i mine on www.litecoinpool.org it is a LTC only pool that pays out at 103%...no issues ever ..always up...I think he did a poll and is signalling for the seg witness for ltc

Re: Sell Your Bitcoin Sell Your Ethereum Sell Dash Sell Everything And Buy Litecoin!

I sold at 7 because this is a pump and dump.

Are you sure about that? Guaranteed it is going down?

$208m volume today on a $332m mcap. Is that volume manipulation on all the 17 major exchanges it trades on  

[york780]

Looks like I was right after all. I hope you guys dumped your litecoin before the whales did/do. How many of you got caught in this trap?

[york780]

Litecoin hodlers be like : Buhh litecoin is crypto silver 
I told you all yesterday, big big forgotten hodlers trap.

[iamnotback]

PoW is only immutable on the master blockchain. The lesser altcoins can be manipulated by arbitrage employing the fulcrum of the master Bitcoin. Litecoin appears to ready to lose its immutability and adopt SegWit because the miners and whales (who are the same in both BTC and LTC btw) are able to take advantage of the ability to dominate a lesser market cap with a greater one. This creates a game theory opportunity where the previously manipulation of LTC to force it to be undervalued will now be reversed so that there will be scarcity of mining supply thus motivating miners to vote for activating SegWit to maintain the ramp up in the price.

Click and read these for details:

https://bitcointalk.org/index.php?topic=1848055.msg18399606#msg18399606
https://bitcointalk.org/index.php?topic=1848055.msg18405746#msg18405746

Seems like a win/win for everyone. Maybe not so much for BTC in one sense, however, in the end I think it clears the way for BTC to continue on as the ultimate store of value crypto.

That is exactly what I was thinking because the tail doesn't wag the dog. Thus the high finance in Bitcoin (think of MPEx at its peak) will remain the master of the slave "sidechains". Note the Blockstrream Sidechains concept is insolubly insecure (find my discussion with @ArticMine about that), so the altcoins will be the "sidechains".

Thus the BTC whales (or dolphins) who also move early into LTC (in order to increase their share of the crypto ecosystem) are not doing harm to Bitcoin. They are making Bitcoin stronger by alleviating the mismatch of immutability to Blockstream's plan to get versioned softforking into the protocol (hidden in the SegWit change), which would upset the balance-of-power that Satoshi designed.

Better to put that level of protocol mutability into an altcoin, so the stalemate Nash equilibrium game theory of master ideal money (i.e. Bitcoin) isn't threatened. Alleviating that threat enables the entire crypto market to move forward so we get on with the adoption and upward prices.

So that is why I am not selling LTC now, unless something comes along to indicate that my hypothesis was incorrect.

So I see prices ahead:

BTC: $2000+
LTC: $40+
ETH: $150+
XMR: $40+ (after a dip back < $15)

(Apologies I don't yet think in terms of a BTC unit-of-account)

[iamnotback]

Looks like I was right after all. I hope you guys dumped your litecoin before the whales did/do. How many of you got caught in this trap?

Just looks to me like the people who sold at $7 are trying to buy back in cheaper at $6. The volume remains very high and has bottomed and turning back up again.

I don't care much about a $1 change on something that is going from $6 to $40+. That is splitting hairs. I stand where I am in LTC and wait. Day trading is not my chosen vocation.

Although I expected to flag pattern a bit before moving higher, I didn't wait around to buy later, and since the ETH I sold is down more than LTC, I have not lost any ground relative to dollars, although I did lose some ground relative to BTC but I expect to regain that by a high multiple.

[iamnotback]

Re: BITCOIN or LITECOIN on segwit, which one is first?

Litecoin will get SegWit.

Bitcoin never will.

And this is good for Bitcoin (and Litecoin).

https://bitcointalk.org/index.php?topic=1837136.msg18408701#msg18408701
https://bitcointalk.org/index.php?topic=1837136.msg18408976#msg18408976

As I predicted:

It looks like f2pool is doing something... If this news is true, this may be a good thing for Litecoin: https://www.reddit.com/r/litecoin/comments/62nuwq/f2pool_just_signalled_for_segwit/

Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...

If I were a whale I'd pay me to STFU.

F2Pool just signaled and LTC exploded from $6.4 to $7.5 on huge volume. This will put segwit at 55-60%. This will leave two more main pools needing to activate to get there. My guess is the whales will form new bases and pump before each subsequent pool activating.

I think LTC has a new base at $6+ now. This sets it up for another pump to $10 (which will be the highest price it has been since the 2013 bubble), and then either BW or Batpool flipping the switch putting us on the brink of segwit. The FOMO will get unbelievable when we are sitting at 70-71%.

Litecoin - f2pool signaling segwit

Pump! should be activated in no time

You have a link to the block, on bitcoin they seem to just be trolling by signaling for everything.

Signalled on last four blocks found according to this link:


https://www.litecoinpool.org/pools

Re: F2Pool started signalling Segwit

The weird part is that it is signalling so many things at once, besides BU! Is F2Pool trolling? Stay tuned for a follow-up list.

Note: It has also started signalling Segwit on LTC less than 1 hour ago.

Edit: According to the coinbase, they may be also signalling for BU.

I predicted this and explained my theory of why they are obfuscating on Bitcoin. Remember Litecoin SegWit activates with 75%, and Bitcoin with 95%.

It is quite clear what has been going on. The whales and miners are jockeying for maximum stake in the blockchain ecosystem, wherein Bitcoin remains the immutable master blockchain.

Re: What happened to BU?

Haven't seen more news.
Can someone update me?
Where is the fork?

As planned by the Chinaman as a way of misdirecting our attention, BU died and SegWit on Litecoin was achieved instead.

I never understood why the Chinaman was dumb enough to support a the technological idiocy in BU, and now I understand it was a diversionary manipulation that was never intended to be carried out.

Why not just increase the blocksize? That is what miners and most clear thinking users want.

Why do you choose to ignore obvious facts and spin everything?  

Because small blocks are absolutely necessary to maintain the equilibrium of power structure of a stalemate that Satoshi designed into the system.

You keep ignoring this, even I have told you many times to go read the thread linked below:

https://bitcointalk.org/index.php?topic=1837136.msg18408976#msg18408976

It seems simple to you that big blocks are better, because you don't comprehend that we must have an immutable master blockchain else we do not get Nash's ideal money. Until you understand that, then you understand nothing about Bitcoin.

Until you understand that really well, you will continue to talk nonsense and not realize that you are.

Of course we can have bigger blocks, on Litecoin. As explained at the above linked post. Please slow down and read.

[thejaytiesto]

https://www.litecoinpool.org/pools

f2pool looks like it's consistently mining segwit blocks now, hope this is not some april fools joke by those damn chinese.

Anyway it was sweet to see my 75 sell order filled and getting a dip as it failed to go beyond the last resistance, now im totally out of LTC with no loses and all gains. Lets see if I can pick up at <60 without missing the boat.

[iamnotback]

https://www.litecoinpool.org/pools

f2pool looks like it's consistently mining segwit blocks now, hope this is not some april fools joke by those damn chinese.

Anyway it was sweet to see my 75 sell order filled and getting a dip as it failed to go beyond the last resistance, now im totally out of LTC with no loses and all gains. Lets see if I can pick up at <60 without missing the boat.

You are missing the boat. Soon you will be chasing it.

The cat is out of the bag now.

I warned you that day traders and scared cats get stopped out too early, because they have no fundamental conviction.

You either believe the hypothesis or you don't. Place your bets.

So, just read the most recent replies and I'm amazed... April's fools... For real?

It is April 1 where I am in Asia.

We'll see how it plays out. Seems they want to play with us like a cat and mouse. But I think the economic reality is what it is.

This guy likes to have a joke and keep us all guessing.

https://twitter.com/f2pool_wangchun/status/843754861757788160

https://twitter.com/f2pool_wangchun/status/847435526500007937

He is not signaling multiple conflicting things on Litecoin. He is using the above obfuscation exactly as I predicted he would. The economic reality is:

https://twitter.com/f2pool_wangchun/status/846760903739551744

If I am correct about my design, we (all humans) will get the last laugh, but it will take a while.

In the meantime, we have to deal within the reality that Satoshi gave us. And that is Bitcoin will remain immutable. So Litecoin is where we can have big blocks, SegWit, and LN.

Notice how F2Pool has used April fools as a way to signal SegWit on Litecoin but to make it seem like he wasn't serious because he signaled conflicting things on Bitcoin. He is serious about the signaling on Litecoin. He wants SegWit (look at his efforts on Syscoin to test out activation), but he doesn't want to create conflict with those on Bitcoin who know that we must keep small blocks on Bitcoin else we lose the equilibrium that Satoshi design. So he signaled nonsense on Bitcoin and signaled serious SegWit on Litecoin.

The miners are navigating opportunity costs and power structures that Satoshi's design enables. I agree the process is noisy. Noise is a result of the imperfect matching of fungible money and non-fungible knowledge value. I wrote about this extensively else where. Very abstract concepts.

[thejaytiesto]

I've set some more conservative buy orders even tho I think a pullback is possible but dont wanna gamble to much.

http://litecoinblockhalf.com/segwit.php

I think people will be looking at that, once they see it go from 20 to 40 it may trigger FOMO. SatoshiLite tweeted about this already, lets see if more people catch up and we'll see how the market reacts.

[btcbug]

[iamnotback]

In the meantime, we have to deal within the reality that Satoshi gave us. And that is Bitcoin will remain immutable. So Litecoin is where we can have big blocks, SegWit, and LN.

Notice how F2Pool has used April fools as a way to signal SegWit on Litecoin but to make it seem like he wasn't serious because he signaled conflicting things on Bitcoin. He is serious about the signaling on Litecoin. He wants SegWit (look at his efforts on Syscoin to test out activation), but he doesn't want to create conflict with those on Bitcoin who know that we must keep small blocks on Bitcoin else we lose the equilibrium that Satoshi design. So he signaled nonsense on Bitcoin and signaled serious SegWit on Litecoin.

The miners are navigating opportunity costs and power structures that Satoshi's design enables. I agree the process is noisy. Noise is a result of the imperfect matching of fungible money and non-fungible knowledge value. I wrote about this extensively else where. Very abstract concepts.

This guy likes to have a joke and keep us all guessing.

https://twitter.com/f2pool_wangchun/status/843754861757788160

https://twitter.com/f2pool_wangchun/status/847435526500007937

He is not signaling multiple conflicting things on Litecoin. He is using the above obfuscation exactly as I predicted he would. The economic reality is:

https://twitter.com/f2pool_wangchun/status/846760903739551744

Can't you see what he is signaling?

Review those tweets again.

He is signaling:

1. Hey Bitcoin can't come to a consensus on any changes. This is a mess. I'll express my disgust with an April fools joke by signaling conflicting positions simultaneously.

2. I can't signal multiple conflicting options on Litecoin. Thus I am making a very strong implied message for those who aren't too dumb to see it.

Do you guys get it now? He is signaling that Bitcoin is a clusterfuck where the softfork can't be achieved. And he is signaling that Litecoin doesn't have the conflicting mess and he is ready and willing to activate SegWit on Litecoin if the consensus threshold of 75% is reached.

Litecoin's miners and whales have every incentive to activate SegWit so that the price goes back up to $50.

It will happen. And SegWit won't happen on Bitcoin.

He just explained it all to you, if you are paying attention.

https://www.tradingview.com/chart/LTCBTC/f54ZHTrX-Is-LTC-Really-About-to-Make-a-Huge-Run-on-BTC-EW-Analysis/

I believe EW analysis is as good as tossing a coin.

But the descending broadening wedge breaks out to the upside 79% of the time:

Descending Broadening Wedge Trading Tips

Breakout:   The breakout direction is upward 79% of the time.

<snip>

Looks like f2pool tried to push segwit activation on syscoin.

https://twitter.com/f2pool_wangchun/status/847493350072606724

If segwit is activated on altcoins, but not on bitcoin, do the altcoin developers know how to progress segwit?

Charlie Lee works for Coinbase. I presume Blockstream's bankster backers will realize they need to move forward and Litecoin provides them the easiest transition to do so, if they can't attain consensus for activating SegWit for Bitcoin. All affected parties will be forced to move in the path of least resistance.

Frankly I think it is quite dangerous to activate such radical changes to Bitcoin. Much better to activate on a lesser blockchain so if there are flaws and bugs then Bitcoin isn't as affected. Bitcoin needs to be stable and prioritize continuity, because it is intended to the gold standard of blockchain tokens.

LN is all about enabling private fractional reserve banking with centralized hubs. LN just doesn't scale otherwise (due to routing and other issues). That is probably why Blockstream received $70m in funding. Perhaps they thought they could hijack Bitcoin, but they will have to face the reality of the situation.

Ethereum will be shipping a beta of a LN clone soon named Raiden. So the pressure is mounting on Blockstream and also on everyone invested in Bitcoin. Seems to me that Litecoin is the best option available to all affected parties.

Perhaps Blockstream can sell the idea to themselves by keeping their options open to potentially migrate the new technologies to Bitcoin someday, while pushing forward on Litecoin as a testbed and also to get real world adoption underway asap.

It just makes all the sense to stop this squabbling and move on/forward. Our productive energies are best spent on evangelizing blockchains and not fighting amongst ourselves.

Guys the reason it will be Litecoin and not another altcoin is because of the hypothesis that I explained where miners can make a shit load of money if Litecoin price goes up because the supply of ASICs is insufficient.

I don't see SegWit having a significant impact on Litecoin. I also suspect it's going to settle back into it's long-term $3.50-$4.50 range quickly after the Bitcoin "potential fork" issues get resolved - and I figure that resolution will also hammer current inflated pricing on most of the altcoins that have seen big rises the past month.

The market already knows the BU fork died. But the market knows that we need scaling else adoption will falter due to very high transaction fees and delayed transaction confirmations.

The miners are not going to enable SegWit on Bitcoin because they are making a lot of money by not doing so. Yet some of those same miners and ASIC manufacturers will make a hell of a lot more money by activating SegWit on Litecoin.

It's happening.

[thejaytiesto]

Managed to sneak some at <60 as expected. Segwit is now at 48%

http://litecoinblockhalf.com/segwit.php

Assuming the chink it's trolling us with an april-fools only signaling, I don't see why we can't try again for the 0.008 resistance, even 0.01, if we break this convincingly I think we can start talking about an epic pump. Let's see how US wakes up to LTC's segwit at almost 50%

[btcbug]

Managed to sneak some at <60 as expected. Segwit is now at 48%

http://litecoinblockhalf.com/segwit.php

Assuming the chink it's trolling us with an april-fools only signaling, I don't see why we can't try again for the 0.008 resistance, even 0.01, if we break this convincingly I think we can start talking about an epic pump. Let's see how US wakes up to LTC's segwit at almost 50%

Wow 51% already. I picked up some more yesterday too!

[iamnotback]

There are multiple implied messages in this April fool's prank.

1. That Bitcoin is a signaling mess, but Litecoin isn't.
2. That signaling on Bitcoin is a fool's errand, because Bitcoin will never fork because in finance the tail never wags the dog meaning that Satoshi cleverly designed the game theory such that Bitcoin can't fork.
3. That smart money should profit the most on this wisdom, so our ecosystem isn't in the control of fools. SegWit on Litecoin is now at 58% and climbing roughly 1% per hour. Activation at 75%.

Who ever mines BU will lose all the money they spent on mining it. So that 50% threshold means nothing. Any fork of Bitcoin will be attacked ruthlessly by those who have enough resources to destroy any miners foolish enough to try.

The large miners/pools know this. The April's fool joke is on anyone who believes that signaling means anything on Bitcoin. It doesn't.

@franky1 those who manufacture Scrypt ASICs and those who have pre-ordered the new generation of Scrypt ASICs will also profit.

You might be correct that Antpool is the odd man out, but creating more demand for limited fab space probably means their existing stock of ASICs becomes more valuable. When mining farms for Bitcoin (or Litecoin) can't ramp up difficulty fast enough to keep up with price rises, then all existing miners earn more profit throughout the industry.

By eliminating the stalemate on Bitcoin by getting SegWit activated on Litecoin, this frees up Bitcoin to move to $2000+ because scaling will be provided by the ecosystem. And I already explained in the other thread that the tail doesn't wag the dog in finance, thus scaling on Litecoin will drive demand for Bitcoin up by the power brokers who must use Bitcoin (because of the reasons I stated).

I am not sure how Bitcoin traders will initially react to scaling going exclusively to Litecoin, maybe they might sell Bitcoin, but later they will come to understand that Bitcoin grows as its altcoins grow. The ecosystem is symbiotic. MPEx the Bitcoin options and stock exchange was capturing a percentage of all the speculation waves in all altcoin tokens, not just Bitcoin.

the $50 will come down to the Chinese and how they will perform in the following days. it has always been like this.
remember the LTC halving pump? liteocin was on a good path up and suddenly someone over in China let lose of the bags on the market and crushed the price as if they don't know why a slow sell to get most profit means!

but so far we are good and the rise seems to be starting. hope to see LTC go higher, it really deserves it more than the rest of them.

Litecoin offered no compelling need to exist before the SegWit impasse. Now it has a very, very important reason to exist.

Chinaman mining industry was keeping Litecoin low to prevent any serious competition to Bitcoin, and to prepare to have the power that they have now to incentivize activation of compelling protocol changes by allowing the LTC price to rise which causes ASIC demand to outstrip supply. I explained the dynamics upthread. The mining industry makes a huge profit with this move. The Chinaman is a chess player.

Re-reading all my posts (and clicking all links in posts) in this thread and the other thread, will bring holistic understanding.