Bitcoin scaling: Looks like all roads lead to LTC

[thejaytiesto]

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

[1715566899]

1715566899

[1715566899]

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[BitcoinNewsMagazine]

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

Ledger Nano S offers cold storage for litecoin using their Chrome app. Trezor does also, but you have to use the Electrum-Ltc wallet with your Trezor.

[Quantus]

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

The longer he keeps dicking us over the more likely a User actived soft fork occurs and I don't believe even he wants to risk that; but I could be wrong. The guy is very cocky he may think of BTC and LTC as nothing more then his toy. He likely has far more hashrate in both BTC and LTC then anyone believes. Would it not be easy for him to hide his hashrate on other pools?

[iamnotback]

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).

[iamnotback]

The longer he keeps dicking us over the more likely a User actived soft fork occurs and I don't believe even he wants to risk that; but I could be wrong. The guy is very cocky he may think of BTC and LTC as nothing more then his toy.

USAF is nonsense. He would probably love to prove that to you.

Jihan is purported to have 27% of the LTC hashrate under his control.

[Quantus]

The longer he keeps dicking us over the more likely a User actived soft fork occurs and I don't believe even he wants to risk that; but I could be wrong. The guy is very cocky he may think of BTC and LTC as nothing more then his toy.

USAF is nonsense. He would probably love to prove that to you.

Jihan is purported to have 27% of the LTC hashrate under his control.

And I'm saying he could have over 70% and no one would know if he did't want anyone to know.

[iamnotback]

The longer he keeps dicking us over the more likely a User actived soft fork occurs and I don't believe even he wants to risk that; but I could be wrong. The guy is very cocky he may think of BTC and LTC as nothing more then his toy.

USAF is nonsense. He would probably love to prove that to you.

Jihan is purported to have 27% of the LTC hashrate under his control.

And I'm saying he could have over 70% and no one would know if he did't want anyone to know.

And so he can fool you into selling your tokens on the minority fork and buying the USAF fork, then he can later switch his hashrate (from USAF to his preferred fork) and all your USAF fork coins end up on the minority abandoned fork.

USAF is for fools who want to lose all their coins.

[thejaytiesto]

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?

[iamnotback]

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?

I don't care. I can sell before 2 weeks if I compute that the percentage of activation is failing.

Also remember I think Jihan's only reason for blocking SegWit on Litecoin (he will always block on Bitcoin), is only temporary while he needs time to ramp up production of ASICs. Perhaps May 15 is enough time for him (remember activation is 4 weeks total).

Also even without off chain scaling, Bitcoiners are going to be forced to use Litecoin for payments as Bitcoin's transaction fee rises too high. Litecoin has 4X more block size on chain than Bitcoin.

Also I think Jihan will support some form of off chain scaling for Litecoin. He wants the price to go up (just not too much faster than the rate he can increase ASIC production/efficiencies).

[iamnotback]

How do you like my perfect timing on LTC yet again! That is twice that I said emphatically "buy now" right before the blast off in the price.

That shows you how much BTC on this forum is influenced by me. I have a wide following in our community, when measured by wealth.

I have been able to decipher the long-term recursive fractal pattern and have been predicting the moves precisely and piling up the BTC profits going long, then short, then long, etc.. Note I will not tell you the exact price levels, nor my secret method.

LTC will pullback a bit here, but it is going much higher. Feel safe to enter at 0.01035. And make sure you buy LTC before April 19 when BTC will begin its decline by -30% due to the Scalepocalyspe (and possibly some other event involved ing BitFUnix or such).

Note LTC will make a peak price some where far above 0.0106, then it will decline back to long-term support. Then over the next 2 years LTC will make a ATH (as priced in BTC) which is means higher than 0.04. So holding LTC after the pullback will mean quadrupling your BTC over the next 2+ years.

[talkbitcoin]

LTC will pullback a bit here, but it is going much higher. Feel safe to enter at 0.01035. And make sure you buy LTC before April 19 when BTC will begin its decline by -30% due to the Scalepocalyspe (and possibly some other event involved ing BitFUnix or such).

Note LTC will make a peak price some where far above 0.0106, then it will decline back to long-term support. Then over the next 2 years LTC will make a ATH (as priced in BTC) which is means higher than 0.04. So holding LTC after the pullback will mean quadrupling your BTC over the next 2+ years.

litecoin is going to get pumped soon but it has nothing to do with what you are saying literary all over the forum.
litecoin will rise because of its SegWit and also because of the fact that for the past 6 or 7 days, whales have been accumulating and crushing any rise above 0.01BTC to be able to accumulate more in lower price range.

and you keep repeating the bitcoin crash which with the information that we have (without having a time machine) is impossible.
because the only issue is the issue with bitfinex bank and that is not even big. and at best that is only a possibility and nothing more. which makes your -30% a shot in the dark.

[cellard]

This theory is gaining traction, so I think it's a pretty good idea to load up on a bunch of LTC right now. They have signed an agreement this time. The concerns of they pulling out signaling again are reasonable, but this time there has been a roundable, everyone is signaling already (except Antpool... which I believe will start signaling anytime soon and the price will go parabolic). It's worth the risk buying just in case you miss on massive gains.

[BillyBobZorton]

ViaLTC playing a fool and claiming they don't know how to activate segwit:

https://twitter.com/ViaBTC/status/856418966717079553

Thankfully we shouldn't need ViaBTC to activate segwit in LTC, but those that still don't trust the miners until it's activated are right. Probably more market manipulation to buy this dip before the big pump.

[classicsucks]

...aaaand now the LTC crash, now that the Segwit hype is over.

some sheeple never learn...

[richardsNY]

...aaaand now the LTC crash, now that the Segwit hype is over.

some sheeple never learn...

It's not a crash at all. It's just that the price is going down for now due to people cashing out profits, and that's really it. The SegWit hype will be over once it is fully operating, and that's still not the case. I even expect the price to experience a bump to +$20 once activation becomes reality. After that there is nothing more to aim for, and that's when the hype will slowly start to fade, and the price comes down significantly as result.

[d5000]

It's not a crash at all. It's just that the price is going down for now due to people cashing out profits, and that's really it. The SegWit hype will be over once it is fully operating, and that's still not the case. I even expect the price to experience a bump to +$20 once activation becomes reality. After that there is nothing more to aim for, and that's when the hype will slowly start to fade, and the price comes down significantly as result.

I disagree a bit, although we don't know what will happen. All depends if BTC finds a way to adopt Segwit or at least a smaller malleability fix like Flextrans that would enable LN. And, of course, of Ethereum's Raiden. If yes, then LTC will go "back to normal".

But if LTC can hold the status as "biggest cryptocurrency with LN" then I think it could get a market cap of well over 1 billion USD. For the short term I think it doesn't depend on the timeline of Segwit activation (because that is fairly immutable) but on the fast availability of a LN implementation for LTC.

I think that BTC will get some pressure to adopt an UASF or another strategy to make Segwit happen, or switch to another malleability fix. We will see higher Segwit signalling rates in some weeks, I think, but not near 95% if Jihan doesn't change his mind.

[classicsucks]

...aaaand now the LTC crash, now that the Segwit hype is over.

some sheeple never learn...

It's not a crash at all. It's just that the price is going down for now due to people cashing out profits, and that's really it. The SegWit hype will be over once it is fully operating, and that's still not the case. I even expect the price to experience a bump to +$20 once activation becomes reality. After that there is nothing more to aim for, and that's when the hype will slowly start to fade, and the price comes down significantly as result.

You may be right, I thought Segfault was activated. It looks like it won't be fully activated for another few weeks.

[AjithBtc]

...aaaand now the LTC crash, now that the Segwit hype is over.

some sheeple never learn...

It's not a crash at all. It's just that the price is going down for now due to people cashing out profits, and that's really it. The SegWit hype will be over once it is fully operating, and that's still not the case. I even expect the price to experience a bump to +$20 once activation becomes reality. After that there is nothing more to aim for, and that's when the hype will slowly start to fade, and the price comes down significantly as result.

You may be right, I thought Segfault was activated. It looks like it won't be fully activated for another few weeks.

Yeah, the same as quoted segwit won't be activated soon within few weeks time. The segwit activation process have been going for a long time with litecoin. Now Wu holds around 27% of the hash and he tries to activate it. Same as the BU, this time too Wu will fail.

[Sadlife]

I believe that a scenario like might happened where "miners will signal Segwit then UASF will reach the consensus of 95% and will get activated". I mean what's wrong is believing?
Still hoping that the community will wake up someday and well see the benefits of segwit.

[CuriousGeorge]

I believe that a scenario like might happened where "miners will signal Segwit then UASF will reach the consensus of 95% and will get activated". I mean what's wrong is believing?
Still hoping that the community will wake up someday and well see the benefits of segwit.

I actually dont give a shit whether segwit or BU will win, what's more important they're not going to kill bitcoin for their own profit, if they do, bitcoin will be doomed