YORK's price prediction topic.

[Dakustaking76]

Bu isnt dead yet all those poeple belives in bu are stupid
Why is bu beter then btc??
Give me a good explantation about it then i Will say Oke we need
A system like that...

[york780]

Bu isnt dead yet all those poeple belives in bu are stupid
Why is bu beter then btc??
Give me a good explantation about it then i Will say Oke we need
A system like that...

It isnt better.
Its buggy untill its proven otherwise.
SegWit isnt perfect tho.
SegWit will make further scaling a lot more difficult.
Thats why I like the idea of SegWit + 2mb blocks.

But I am not an blockchain expert, so dont know the crucial details that you need to know for implementation of SegWit or BU.
Fact is that BTC needs scaling to grow fuhrer, SegWit seems to be a more secure option than BU.

But if SegWit makes fuhrer improvements a lot more difficult than its bad in my opinion.
It will be be profitable on short term but it will weaken BTC on long term.

Anyway this is my point of view, I know too less of this whole scaling matter.

[The_prodigy]

Is this better investment ? Than other alt coins I'm just thinking off to investment little bitcoin there while waiting for my other investment also the bitcoin price will be increase.i saw the graph of Yorks and its really good maybe tthere something I can get to have an idea.

[Hazir]

It isnt better.
Its buggy untill its proven otherwise.

Bitcoin Core had bugs in the early stage of development too. It was so long ago that people simply forget about it.
But the idea of Bitcoin Unlimited failing while implemented in a network worth $20 billion is terrifying.

SegWit isnt perfect tho.
SegWit will make further scaling a lot more difficult.
Thats why I like the idea of SegWit + 2mb blocks.

No scaling solution is perfect. Larger blocks will cause blockchain to be bigger. Small blocks are also more secure.
SegWit alone will bring more capacity to the existing 1MB blocks, i.e we will be use more block space effectively.

Fact is that BTC needs scaling to grow fuhrer, SegWit seems to be a more secure option than BU.

SwgWit offers backward compatibility, Bitcoin Unlimited doesn't.

[york780]

It isnt better.
Its buggy untill its proven otherwise.

Bitcoin Core had bugs in the early stage of development too. It was so long ago that people simply forget about it.
But the idea of Bitcoin Unlimited failing while implemented in a network worth $20 billion is terrifying.

SegWit isnt perfect tho.
SegWit will make further scaling a lot more difficult.
Thats why I like the idea of SegWit + 2mb blocks.

No scaling solution is perfect. Larger blocks will cause blockchain to be bigger. Small blocks are also more secure.
SegWit alone will bring more capacity to the existing 1MB blocks, i.e we will be use more block space effectively.

Fact is that BTC needs scaling to grow fuhrer, SegWit seems to be a more secure option than BU.

SwgWit offers backward compatibility, Bitcoin Unlimited doesn't.

Thanks for your input!

[york780]

Why BTC needs scaling :


Eponential growth in danger because of the postponed scaling solution

[Hazir]

Why BTC needs scaling :


Eponential growth in danger because of the postponed scaling solution

Bitcoin needs scaling, there is no doubt about it - at least if we focus on its on-chain capabilities.
It is hard to estimate how big amount of bitcoin traffic is fake, and exists only to spam the network.
We can estimate that that currently legit blockchain usage is around 75% of 1 MB blocks, rest is useless data or spam.
In theory bitcoin could handle 7 tx per second, but this number won't happen it theoretical top capacity only when all transactions in the block would be a minimum possible size.

But not all transaction need to be done on-chain, there are off-chain options available, eventually I expect that bitcoin will be used as pivot for whole network of off-chain solutions.

[Dakustaking76]

Ok ty for the input


But the mining block Will Be halving also And the coins are getting less to mime iT
How can bu bring the price down Thats what i Dont understand, many countries are also accepting btc
And iT Will be more And more

[Dakustaking76]

Why is bitfinex close to the ath trading

[york780]

Why is bitfinex close to the ath trading

Because people cant withdraw fiat so they have to buy BTC to get out of Bitfinex.

[york780]

Bitfinex coldwallet keeps decreasing

Who will be Bitfinex'ed ?


LINK:  https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

[Dakustaking76]

York York the price is going down??


Sell now ore holdddd stil

[york780]

Well like I said yesterday it seems that the market knows that we are topping.


Fully depends whats your entry is of course.

My entry was at 700 USD so I have nothing to worry about, my fiat is safe.
I hold.

When there is doubt : HOLD

I keep holding.
Bear traps wont get me.
Expect more turbulence soon guys.

[york780]

You guys know the law of the 3 dead cat bounces ?

If we will make 1 more drop like we saw now its likely that support wont hold and that we will move to lower prices. 

- 70 USD if more dead cat bounces occur.

Anyway I dont even think about shorting rightnow.

[Dakustaking76]

So the price Will go down you say?

If i understand about what your telling me

[york780]

So the price Will go down you say?

If i understand about what your telling me

No.
At least not now.
Keep holding!

We are going to dump at the top, not in this trap  

Otherwise I cant buy a second lambo.

[ft73]

News will probably play an important role in the next price movement.

This said, i'd expect some huge price action coming within 48 - 72 hrs.
Can't say direction for sure, i'd say down 60%, up 40%.

If it goes down watch for 1150$ level, then 1085$ (BitStamp).
The latter should hold, short term.

Flashcrash bottom about 920$, worst case.

[Dakustaking76]

Hm

I think were still in the resistance lvl, i think the price should go down upcoming weekend again.
If we Dont go up this coming days. Then i expect a drop..
50-€100

[york780]

News will probably play an important role in the next price movement.

This said, i'd expect some huge price action coming within 48 - 72 hrs.
Can't say direction for sure, i'd say down 60%, up 40%.

If it goes down watch for 1150$ level, then 1085$ (BitStamp).
The latter should hold, short term.

Flashcrash bottom about 920$, worst case.

Why is that?

Only news that happened today is the crash of BU, Tether problems with Taiwan banks and the decreasing cold wallet of Bitfinex.

Not enough to go to 1150$.

I expect a big downmove once we move to the 1350-1400 USD area.

[1Referee]

Bitfinex coldwallet keeps decreasing

Who will be Bitfinex'ed ?


LINK:  https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

More goes out than comes in. I consider that to be a good thing as it basically means that people are moving away from that exchange. The more people that move away, the less harm this exchange will eventually cause when it goes down. I just hope that Bitfinex won't bully people by halting BTC withdrawals as well. It's a possible scenario as the longer it takes before their operation goes back to how it was before this, the more coins they will see move out. That would be an ultimate F.Y. to all the traders that kept believing in them.