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Author Topic: Honest reply to a scaling question  (Read 290 times)
YodaYoda (OP)
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June 18, 2017, 09:57:23 PM
 #1

Hello,

I've been quite an active trader on the market, mainly futures for bitcoin but also some etherum. I've done well, and now hold a sizable position of bitcoins.  I'm honestly not seeing a scaling solution coming for bitcoin, and think other cryptos will develop a lot better, price wise and were thus considering further diversification.

What do you guys think? Will Bitcoin finally get a scaling solution? Is the 2mb+segwit really deployable in august or is that just a smoke screen?  Or another date in the near future?

I'd like to see bitcoin getting a scaling solution. Even trading is hard when i move a chunk from one exchange to another and it takes 10-12 hours. Paying for small stuff is also a pain, not only due to the time it takes, but also paying for a $60 service and paying $6-7 in transaction costs feels just plain wrong.

So, what are you guys thoughts on this subject? If a scaling solution doesn't happen, what crypto would stand to benefit the most?

Thanks!

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shinratensei_
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June 18, 2017, 11:21:30 PM
 #2

Hello,

I've been quite an active trader on the market, mainly futures for bitcoin but also some etherum. I've done well, and now hold a sizable position of bitcoins.  I'm honestly not seeing a scaling solution coming for bitcoin, and think other cryptos will develop a lot better, price wise and were thus considering further diversification.

What do you guys think? Will Bitcoin finally get a scaling solution? Is the 2mb+segwit really deployable in august or is that just a smoke screen?  Or another date in the near future?

I'd like to see bitcoin getting a scaling solution. Even trading is hard when i move a chunk from one exchange to another and it takes 10-12 hours. Paying for small stuff is also a pain, not only due to the time it takes, but also paying for a $60 service and paying $6-7 in transaction costs feels just plain wrong.

So, what are you guys thoughts on this subject? If a scaling solution doesn't happen, what crypto would stand to benefit the most?

Thanks!


Read this.
https://medium.com/@DCGco/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77

Looks the core dev will not be involved in its hardfork.
You must try to think for a twice or try to migrate the more portfolio into another form of crypto. I mean altcoin.

Too many statements against each other.

We are going to take a risk with BIP 148 and 149. 

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Herbert2020
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June 19, 2017, 05:58:48 AM
 #3

think other cryptos will develop a lot better, price wise and were thus considering further diversification.
any investment will have risks and rewards. if you think the rewards of an investment in other altcoins is high enough that it covers the risks of investing in them, then don't hesitate and do it. but the important part of it is to understand the risks first, not just going in blindly because you "think" bitcoin won't get an scaling and you "think" altcoins will go up if bitcoin drops.

Quote
What do you guys think? Will Bitcoin finally get a scaling solution? Is the 2mb+segwit really deployable in august or is that just a smoke screen?  Or another date in the near future?
i personally think there will be a lot of drama in August but nothing will happen. but i hope some middle ground is reached and we can finally move on, and it seems like a most possible outcome to me too. specially because of the SegWit 2mb thing.

Quote
I'd like to see bitcoin getting a scaling solution. Even trading is hard when i move a chunk from one exchange to another and it takes 10-12 hours.
if you have ever made a withdrawal from an exchange you would have known that all of them have increased their fees and their transactions rarely take any long time to confirm because they are all paying higher fees than 350 satoshi per byte. some even pay 400-500 s/b!

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Idrisu
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June 19, 2017, 06:35:22 AM
 #4

Since we cannot easy predict what will happen in future to bitcoin based on pending issue we have at especially the august hardfork meeting, I think the right thing to do is diversification to good altcoins or new ICO project. The scaling solutions may not be achieved for now.
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