FYI, I sold some STEEM and bought more LTC on this dip.
I will continue to buy LTC with every thing I can find. I have 1 BTC in another account which I will probably transfer to Poloniex so I can buy more LTC.
The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.
My thesis of both the rise of price outpacing hashrate rise due to constrained supply of ASICs, thus driving miners to increasingly signal SegWit, plus my thesis that "It Is Just Time" and that Bitcoin can't rise (willl remain range bound < $1200) until Litecoin catches up to $30+, seems to be holding as truth.The huge volume on LTC tells me LTC has become the #1 altcoin, the pressure is building for another upward explosion in price, and it extremely undervalued. LTC is starting to average more volume than ETC.
It is
impossible for it to reach 95%.
Jihan Wu will never allow Blockstream to exist on Bitcoin. And I already explained he has checkmated Blockstream with his Bitmain covert asciiboost hardware spread out all over in the wild, which he can activate at will without even implicating himself nor Bitmain. Perhaps you missed my elucidation on that.
Bottom line is Bitcoin won't get scaling. Litecoin is poised to get scaling.
maybe, but I wouldnt bet my house on that.
I would, if I had a house. Seriously. I am selling everything I can find to buy more LTC.
Within the "current activation period", it has been steady at 64-65% since my post which quoted.
Your theory is that they (Jihan and co) will not try to block segwit on LTC but their actions speak the opposite, at least until now. My take is that they are playing with fire and might get burned sooner than they expect.
I also considered your proposition that some of the chinese miners are purposely delaying signalling segwit in order to accumulate at lowest prices possible and thus maximize their profit in the forth coming pump. Actually, I don't see why they wouldn't do this.
Jihan Wu is playing along the game. I never said he wasn't blocking SegWit on Litecoin. But as I wrote, there is 20% of hashrate that was temporarily pulled so the signaling reduced from ~70% to ~62% but since has climbed back to ~64% because more and more other miners are switching to signal SegWit because they are starting to understand the price dip is due to signaling.
As the base of signaling builds back to 69 - 70% again, that 20% hashrate can return and push it over 75%. That might BTCC who is moving that 20% hashrate to and from Ethereum (their GPUs mining farm).
Since BW has stated it will soon signal for SegWit, perhaps some of that hashrate that Jihan had there has been moved to Antpool. Jihan may have been using proxies to hide or influence the decision of other pools. Any way, as I stated before that the hashrate game is too obfuscated for me to determine definitively, but the trend of LTC is now undeniable.
All roads to scaling lead to LTC.
Get on the train or be left behind.
Re: Snapchat first investor thinks bitcoin could realistically be worth $500,000 I originally thought BTC might top out below $50k.
But now that I understand that BTC will
be exclusively only the settlement layer for the mass scaling which will take place in altcoins, I now think his analysis may be correct.
All the power broker settlement will likely to be on the Bitcoin blockchain which will be the bulk of the
fungible capital generated by the masses on the altcoins as dictated by the power-law (Zipf's law) distribution of wealth. Thus Bitcoin is the reserve currency of all the altcoins.
This is why one must stay invested in this sector. Note I do think the altcoins that scale up the masses will see faster appreciation than BTC in spurts, so that is one of way of increasing one's BTC if you are expert at speculation. Otherwise buy and hodl BTC.
