virtualdn (OP)
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June 19, 2017, 02:57:23 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
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1 BTC = 1 BTC
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ya6yaya
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June 19, 2017, 03:25:16 PM |
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true, you should always diversify your portfolio, you don't want all your eggs in one basket. Hold on to some bitcoin because it is still projected to increase, but buy others as well
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thejaytiesto
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June 19, 2017, 03:31:49 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
The reason other coins easily upgrade their protocols is precisely because they have less people using the coin so it's easier. When a coin gets on the level of bitcoin we'll see if it's as easy for them to get things done (and proof of Vitalik doesn't count btw) |
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slaman29
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June 19, 2017, 03:35:08 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
The reason other coins easily upgrade their protocols is precisely because they have less people using the coin so it's easier. When a coin gets on the level of bitcoin we'll see if it's as easy for them to get things done (and proof of Vitalik doesn't count btw) That's what people don't get. They seem to ignore that Bitcoin probably has the highest amount of work and discussion going on around the scenes, not like ETH which is led by leaders and people are happy to follow. I'm not saying ETH is bad but if everyone switched over to LTC or any other alt and see the same problems happening, they'll be left wondering where their devs are. |
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LFC_Bitcoin
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June 19, 2017, 03:35:22 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
The reason other coins easily upgrade their protocols is precisely because they have less people using the coin so it's easier. When a coin gets on the level of bitcoin we'll see if it's as easy for them to get things done (and proof of Vitalik doesn't count btw) Other coins are used by people to increase their bitcoin holdings. Whales pump shitcoins then when average joe gets on board they dump & use their fat profits to buy more bitcoin's. Let's see if the recent altcoin pumps last long. |
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iamTom123
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June 19, 2017, 03:38:22 PM |
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Spreading your portfolio is always a good advise that you have to heed. I think almost everybody is doing it even before the news on August 1 started. In fact, the current value of Bitcoin has already discounted the FUD leading to August One.
Personally, I am not so worried of what can be the outcome after August One...I am confident that we can have a smooth transition and a dark tragedy like a coin split can be averted.
After all of these speculations and debates, I am sure that Bitcoin can emerge more stronger and fully ready to fly and soar like a Philippines Eagle all ready to conquer new territories and markets.
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Inmydomain
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June 19, 2017, 03:44:22 PM |
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My worry of price around August 1st is that the uncertainty is not already built in to today's price. Less clued-up holders may not be currently selling, not through faith in Bitcoin but through lack of awareness. If news comes out closer to August that spooks these holders we could see a large crash in price
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jc89
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June 19, 2017, 04:24:58 PM |
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We cannot rush things just because other are switching to some alternatives. August shall be a major milestone for Bitcoin and a thorough preparations are needed. So if some people gets out of board and boarded a boat, sooner or later they will abandon that boat and gets back to the mother ship. Diversifying is not bad and some recommend it but it shall be all up to you yourself.
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d5000
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June 19, 2017, 04:37:21 PM |
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Don't worry, Segwit2x signalling has begun today. As of today, 69,2% (36,8% Segwit2x + 32,6% BIP141) of the blocks are signalling for some implementation of Segwit. And that's only the beginning. As both variants are now compatible, tracking the sum of both values is legitimate. |
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gabbie2010
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June 19, 2017, 04:43:04 PM |
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It is not compulsory to invest only in bitcoin if everybody concentrates and put on more effort on bitcoin how will the other alt coin grows I think It very wise to invest in other coin who knows how there are going to fare in few years to come. Diversification of investment is a welcome development.
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Velkro
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June 19, 2017, 04:50:37 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over...
Let them try, you saying lots of altocins TRYING and you are right. Litecoin risked much to test SEGWIT, it works, now Bitcoin can safel add it  , other coins are testnet for bitcoin. |
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HaXX0R1337
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June 19, 2017, 04:54:30 PM |
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Don't worry, Segwit2x signalling
As of today, 69,2% (36,8% Segwit2x + 32,6% BIP141) of the blocks are signalling for some implementation of Segwit. And that's only the beginning. As both variants are now compatible, tracking the sum of both values is legitimate.
Looking at the site you mentioned it says that Emergent Consensus has 37.1% support and Segregated Witness (BIP 141) has 31.8% support,so what would be the final result ,will there a split if both have enough support.I am still not sure which is the best upgrade going forward. @ OP since you are holding bitcoin for some time you might be in profit right,so why don't you book your profits.  |
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mrcash02
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June 19, 2017, 04:55:04 PM |
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If the solution is a hardfork, it's not a solution. Bitcoin will be splitted in two and it can weak the currency, weak more than just continue as it's now.
People can move themselves to AltCoins, but it doesn't mean they can't come back to Bitcoin later again. BTC continues pricing a lot and still increasing, nobody is crazy to left it for much time.
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stiffbud
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June 19, 2017, 04:55:39 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over...
Let them try, you saying lots of altocins TRYING and you are right. Litecoin risked much to test SEGWIT, it works, now Bitcoin can safel add it , other coins are testnet for bitcoin. Right. I am one of these people who temporarily switched to using other altcoins for payments because of the current state bitcoin is now but I am still waiting for the implementation to fix things up. I don't think altcoin will be as much as bitcoin afterall bitcoin still has the majority of coin holders in cryptoworld and alt oins are just for people wanting profit to get more bitcoin. |
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d5000
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June 19, 2017, 05:41:45 PM |
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As of today, 69,2% (36,8% Segwit2x + 32,6% BIP141) of the blocks are signalling for some implementation of Segwit. And that's only the beginning. As both variants are now compatible, tracking the sum of both values is legitimate.
Looking at the site you mentioned it says that Emergent Consensus has 37.1% support and Segregated Witness (BIP 141) has 31.8% support,so what would be the final result ,will there a split if both have enough support. The "emergent consensus"-supporting miners can support Segwit as well, most of them are doing it supporting the Segwit2x proposal. "Emergent Consensus" is independent from Segwit, it is simply a mechanism that allows miners to signal for block sizes they support (also known as "Bitcoin Unlimited"). The most likely outcome is that we will have Segwit activated in July. Then a large part of the miners (about 80%) will signal for a 2MB hardfork which will occur in December, as far as I know. It's up to the Core developers to support that hardfork or not. If 2MB are supported then we will have a pretty smooth upgrade. If not, then this may result in a chain split. My initial math was wrong as there are some pools that support both versions of Segwit. But from the last 50 blocks, more than 90% (47) are supporting Segwit2x or Segwit-BIP141. You can see it in the list at the bottom of the coin.dance/blocks page. |
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Barcode_
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June 19, 2017, 05:48:14 PM |
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That is why it is always better to diversify your investment into different altcoins rather than holding bitcoin only. One of the best example would be ethereum, during the days when ethereum are still in developing process, it does have a lot of problems that needs hard fork to rectify the situation. But people that believe in it still continue to holds it and purchase more, and now it is time for them to collect their sweet profits for their trust in ethereum |
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SONG GEET
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June 19, 2017, 06:05:26 PM |
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There is no need for anyone to just hold one coin, it is always advised to hold multiple alts along with bitcoin and keep exchanging them during pump so that you can ultimately have more bitcoin than what you used to have few months back. In this way you can earn so much interms of Fiat compared to what you can by just holding bitcoin for price rise.
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jossiel
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June 19, 2017, 06:06:37 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
Everyone seems to be waiting for that day and waiting on what's going to happen to bitcoin though there are a lot that expressed their loyalty including me. There is nothing bad if you are trying to make your investments grow with other coins. And if you think you can make yourself fat there, go. But make sure there's no regret when you started to migrate and bitcoin started to be on his attitude of being dumped and after that will rise quickly. |
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Vishnu.Reang
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June 19, 2017, 06:13:20 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
There is certainly an uptick in the demand for Litecoin, but it is far from replacing the BTC for retail payments. The vast majority of the retail sites which accept crypto-currency still prefer Bitcoin. There is a fierce competition for the second spot between various altcoins, such as Ethereum, Ripple, Monero, Litecoin, and Dash. |
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scout5
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June 19, 2017, 06:22:19 PM |
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It's not good, it seems some people are switching to Litecoin for retail payments, I like BTC a lot but I don't like the way this coin is treated... it's like it's left alone doing nothing about it and meanwhile lots of altcoins are trying to take over... BTC looks like a fat coin barely moving right now folks while whales are taking as much as they can on its back, it needs to be light and have speed... if something doesn't change after August 1 will probably consider other options as well, I've believed too much in one coin and missed others on the road
Hope it was sooner indeed. Like it's kinda unusable now. I'm not even sure if I prefer BU or SegWit, but we need a solution ASAP. |
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