BTC doing good after this big dump

[1Referee]

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.

Litecoin with or without whatever implementations - it will not change anything in how people use it. It's nothing more than a coin that gets boosted from time to time by whatever entity with certain intentions, that obviously going to play out in their advantage. Bitcoin needs to scale, that's something we all can see (aside from noobs just ignoring everything and play happy user). But the main problem is that pools are playing hard to get, and thus knowingly hold Bitcoin back from growing further. In that regard, it may take a serious amount of time before we are going to see any sort of upgrade in blocksize. Direct result of that is that people will *temporarily* look for cheaper and faster (in terms of confirmations) alternatives.

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.

Litecoin is just one of the plenty of coins that people can choose from. If you ask the majority of the crypto nerds/enthusiasts what they will prefer when it comes to using certain altcoins as payment option, then it's either XMR, DASH or ETH.

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.

It doesn't really matter in this case since there are other coins that can function perfectly fine in terms of being a payment option, that also happens to be a cheap (compared to Bitcoin) option to use. As I said, Litecoin is just one of the plenty of coins that people can choose from. If it is up to the majority of the people, they will give the preference to one of the three afore mentioned coins, so no matter what changes Litecoin goes through, it's up to the end user to decide whether or not he will use it.

[cellard]

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.

Litecoin with or without whatever implementations - it will not change anything in how people use it. It's nothing more than a coin that gets boosted from time to time by whatever entity with certain intentions, that obviously going to play out in their advantage. Bitcoin needs to scale, that's something we all can see (aside from noobs just ignoring everything and play happy user). But the main problem is that pools are playing hard to get, and thus knowingly hold Bitcoin back from growing further. In that regard, it may take a serious amount of time before we are going to see any sort of upgrade in blocksize. Direct result of that is that people will *temporarily* look for cheaper and faster (in terms of confirmations) alternatives.

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.

Litecoin is just one of the plenty of coins that people can choose from. If you ask the majority of the crypto nerds/enthusiasts what they will prefer when it comes to using certain altcoins as payment option, then it's either XMR, DASH or ETH.

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.

It doesn't really matter in this case since there are other coins that can function perfectly fine in terms of being a payment option, that also happens to be a cheap (compared to Bitcoin) option to use. As I said, Litecoin is just one of the plenty of coins that people can choose from. If it is up to the majority of the people, they will give the preference to one of the three afore mentioned coins, so no matter what changes Litecoin goes through, it's up to the end user to decide whether or not he will use it.

All of the rest of the coins will end up suffering from the same problems as BTC, so they will need second layer solutions. Lightning Network is the best second layer solution, and LTC is the closest coin to get it with developers easily moving there. XMR and DASH don't have LN and ETH's Raiden is not as good as LN.

[Herbert2020]

...
All of the rest of the coins will end up suffering from the same problems as BTC, so they will need second layer solutions. Lightning Network is the best second layer solution, and LTC is the closest coin to get it with developers easily moving there. XMR and DASH don't have LN and ETH's Raiden is not as good as LN.

that is only true if you assume all the rest of the altcoins are in the same situation as bitcoin which none of them has ever been or even will be in the same situation.
and that situation is first of all a massive number of users, using these coins daily to transfer money for many purposes ranging from small like buying a cheap 5 bucks item to big transactions of millions of dollars worth.
and on top of that being under a constant 2+ years old spam attack on their network, an 8 year old media attack and lots more.

the usage that altcoins have consists of a very small portion of traders transferring coins to their wallets out of exchange and miners transferring coins to exchanges to sell.
in some rare cases like litecoin, Dogecoin and monero, there are some real world usages which means a small portion of transactions are spending it as money.

[xypos]

What big dump exactly? There wasn't any huge or vwry important change in price, I would call it a smaller correction. That hasn't influenced the price big deal and the price has recovered and back to track very soon. This has also shown that Bitcoin is more stable and resistant then it was ever before.

That's correct, and probably same like you I dont get the incident that OP is talking about, there was no big dump actually, at least I couldnt find any.
The post was made at 13 April, and there is actually some price decrease in the history, but it is the tiny difference, considering it is a bitcoin, and the price of it is one of the highest in the whole history.
Price was around the 1220$ level, when it got back to 1160-1170$, which is nothing special for me, because I have been into bigger downward surges than this one.

I still have faith in bitcoin, and im hope that most of the price drops are just temporary.

[agustina2]

What big dump exactly? There wasn't any huge or vwry important change in price, I would call it a smaller correction. That hasn't influenced the price big deal and the price has recovered and back to track very soon. This has also shown that Bitcoin is more stable and resistant then it was ever before.

That's correct, and probably same like you I dont get the incident that OP is talking about, there was no big dump actually, at least I couldnt find any.
The post was made at 13 April, and there is actually some price decrease in the history, but it is the tiny difference, considering it is a bitcoin, and the price of it is one of the highest in the whole history.
Price was around the 1220$ level, when it got back to 1160-1170$, which is nothing special for me, because I have been into bigger downward surges than this one.

I still have faith in bitcoin, and im hope that most of the price drops are just temporary.

For others, a dive at around $50 is considered as big dump not considering that it can jump back again at that same level too. After the bitcoin price breached the $1,000 level, we noticed that the movement of price increase and decrease plays at the price $50 - $100 margin or even more. Meaning that the price movement will likely be common to play at that margin considering with the current price rate today.

Just don't be panic but embrace those price decrease as we not know where we can buy again bitcoin on a "sale price".

[sikke]

We actually had some bigger dump of bitcoin around the 14 april, there was a price drop of around 70-80$, which could trigger many people to bail out.
But it was not such a significant move, according to the bitcoin chart. We have seen many times much bigger moves, even like 200$ increases, or 100$ drops.

The price is still pretty stable, it has recovered all points lost previously, and I think we will stay much longer in the area of 1200 USD per one bitcoin.
I think that if we would see bitcoin price over 1300 dollars right now, that would have been simply an overvalued asset. Such a fast increase is not possible, without any price falls.

[1Referee]

All of the rest of the coins will end up suffering from the same problems as BTC, so they will need second layer solutions. Lightning Network is the best second layer solution, and LTC is the closest coin to get it with developers easily moving there. XMR and DASH don't have LN and ETH's Raiden is not as good as LN.

Sure, every coin that at some point will deal with the amount of usage that Bitcoin experiences, will suffer from the same difficulties - that's a fact. My point was basically; no matter how well Litecoin will function after certain implementations, that it's still up to the people to choose whether or not they will make use of it. People are mostly hype sensitive, and will likely prefer to follow the three afore mentioned coins rather than something that remains stagnant (in terms of its price) for quite a long time.

[BillyBobZorton]

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.

Could we already say that this prediction was a failure?

The 19th of april came, and nothing happened. A day after, the price is in fact going up. $1219 bitstamp, $1273 bitfinex. So, those that sold on the 19th expecting a so called "scalepocalypse crash" lost money.

LTC hit 0.0083, now seems to be recovering with 0.0089. Im not holding any.

[Oralmat]

Yeah, almost, Whenever bitcoin is going to down, than its mean in the coming months, bitcoin would be increased. That's why i like bitcoin. Because when bitcoin price down, than i tell to anyone buy it and when bitcoin price going to up, than its mean it is time to sell bitcoin and make profit.   

[YuginKadoya]

Yeah, almost, Whenever bitcoin is going to down, than its mean in the coming months, bitcoin would be increased. That's why i like bitcoin. Because when bitcoin price down, than i tell to anyone buy it and when bitcoin price going to up, than its mean it is time to sell bitcoin and make profit.   

I think that is pretty common in the community of bitcoin and it is not a surprising characteristic of bitcoin even some newbie's would know that if they started in bitcoin in knowing that by switching to bitcoin because that kind of thing in bitcoin is the one that attracts them towards it, the pretty sure tough thing here in the community is if anyone is good at predicting the movement of bitcoin and the right decision that needs to take when the value would surely move in your speculated scenario! 

[Stedsm]

Yeah, almost, Whenever bitcoin is going to down, than its mean in the coming months, bitcoin would be increased. That's why i like bitcoin. Because when bitcoin price down, than i tell to anyone buy it and when bitcoin price going to up, than its mean it is time to sell bitcoin and make profit.   

Anyone who sells Bitcoins just for the sake of profits is not a true holder in my view as that's one of the major reasons that I see which stops the growth of the price as everyone who bought before at some few lower point, let's say $1000 would sell back at $1200 and they would repeat it back every other time they get a chance, but this stops the recovery part and what we are doing here is, just playing with the price.

[AngelSky]

Yeah, almost, Whenever bitcoin is going to down, than its mean in the coming months, bitcoin would be increased. That's why i like bitcoin. Because when bitcoin price down, than i tell to anyone buy it and when bitcoin price going to up, than its mean it is time to sell bitcoin and make profit.   

I checked the bitcoin price now, It turned to 1246$. After last month dump bitcoin price is being increased and increasing day by day. I would like to say don't sell the bitcoin you have now. Simply hold that bitcoin till upcoming Christmas and you will see the price 2000$ for sure.

[Monnt]

Yeah, almost, Whenever bitcoin is going to down, than its mean in the coming months, bitcoin would be increased. That's why i like bitcoin. Because when bitcoin price down, than i tell to anyone buy it and when bitcoin price going to up, than its mean it is time to sell bitcoin and make profit.   

I just wonder how you will predict the higher levels of bitcoin so that you can start making profits ?
If you do not have any strong analysis to back up yourself then you will get regrets because sometimes a wrong decision will make to miss some good price rally of bitcoins. It would be good if you keep buying at dumps and I'm not suggesting to sell at random high.

As of today's rally, I believe bitcoin is going to get new ATH. Maybe by this weekend, we are going to see new peaks, get yourself ready.

[jayohby]

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.

enough talk. when is ur coin coming out?

[bajing]

Disagree, everything will not goes same. i mean bitcoin price not always rise after big dump, did you remember when bitcoin reach $800 than price down much lower than $500 and only for last 2 year, yeah after big dump out then pump will out and mostly after the price touch $1000.

[ekoice]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

Roger ver just tried to make profit by creating BU issue.But bitcoin has as usual recovered from such attacks and its price is now $1268.Newbies were the losers this time also.They just sold out their bitcoins by getting panic.Bitcoin's price is sure to increase more.

[BitHodler]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

Roger ver just tried to make profit by creating BU issue.But bitcoin has as usual recovered from such attacks and its price is now $1268.Newbies were the losers this time also.They just sold out their bitcoins by getting panic.Bitcoin's price is sure to increase more.

If you purely look at the price, then it may give you the impression that everything is just fine, but it's not like that at all.

At this point it doesn't mean anything yet, but yesterday BU managed to have 50% of the support for the first time (support = pools signalling BU through Core at the time they mine a block), which means that if they want, a fork could happen at 51%.

If Jihan Wu wants it could definitely happen very soon, but it all depends on how things go. If BU manages to stay over 51% for a fair number of days, a fork might be reality very soon with all destructive consequences as result. It's a damn shame that pools support BU.

[xIIImaL]

Disagree, everything will not goes same. i mean bitcoin price not always rise after big dump, did you remember when bitcoin reach $800 than price down much lower than $500 and only for last 2 year, yeah after big dump out then pump will out and mostly after the price touch $1000.

In the time of halving bitcoin reaches to the 800$ and dump little after that. In last year Christmas time again price boomed to 1000$ and more. Your answer and chart comparison itself show that you are wrong. Price is moving steadily to touch the next peak value now. I hope price will touch more than 1500$ in this year Christmas.

[The_prodigy]

Disagree, everything will not goes same. i mean bitcoin price not always rise after big dump, did you remember when bitcoin reach $800 than price down much lower than $500 and only for last 2 year, yeah after big dump out then pump will out and mostly after the price touch $1000.

Yes true bitcoin will never rise that instantly while dump is happening it will took 1 week or maybe more before price will goes up again. big bump I think this is only happen if those holders sold their coins tones coins actually were talking about them those who had. But possible bitcoin will be reach the price of 1300$ dollar

[bohr]

We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.

Bitcoin is very strong as long as people keep trusting on it then there is no reason to think bitcoin will be unable to recover form any of the dumps that are a part of the market.