August 1 needs to be today...

[lighpulsar07]

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

Well you know why litecoin and other altcoins can upgrade easily is because they have only a small community so, the devs can do everything they want to upgrade their own coin unlike in bitcoin whereas we have a huge community and we have the also the companies as part of the community so, the community will give the devs a hard time to implement the upgrade.

[Yakamoto]

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

Well it's not my business what kind of cryptos people use to conduct transactions, but it does make sense to see some people moving to altcoins while everyone waits for the rest of the community to figure out how they're going to fix the blocksize issue. If that doesn't get fixed then there's a high chance that people will start to move to cheaper transaction coins and there will be more services required to make use of the influx of alternative forms of payment. Might be a good money-making opportunity for some people.

[Fredomago]

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

Well you know why litecoin and other altcoins can upgrade easily is because they have only a small community so, the devs can do everything they want to upgrade their own coin unlike in bitcoin whereas we have a huge community and we have the also the companies as part of the community so, the community will give the devs a hard time to implement the upgrade.

that's also a good reason mate there's already a lots of people and company that's already using this system so doing a big change will need
to consider them its not an investment alone but also a system that already have good uses.

[fitty]

We cant blame those bitcoins user for their act i think.As a good holder of bitcoins you must find ways to find a faster way to transfer money for their customerd or for themselves alone.Me myself already switch some of bitcoins to altcoins

[GreenBits]

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

We are still 'bubbling' so to speak, and the fees and congestion at the moment are making some of the alts a lot more useful. I'll be damned if I send a btc transaction nowadays, I'm sending that shit as ETH because a) it's going to get there quickly, and b) the fees are a fraction of its bitcoin equivalent. I'll use Doge or LTC in a heartbeat. Even if you totally ignore the fee situation, the speed of confirmations makes it worth it if you need to get shit done, ASAP.

It hurts to watch the price drop on an alt while you have 1 of 3 confirms

[EthanB]

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

If you're searching for volatility, and it certainly sounds as though you may be then you probably should go with an alt-coin. The problems that bitcoin is facing are going to be evident inn any coin that operates similarly, and any coin that doesn't operate similarly will be subject to an entire library of new problems. Alt-coins either start at square one, or they copy bitcoin and have less resources to improve.

If all you did was purchase $1,000 in bitcoin and hang-onto them for awhile you'd have ridden the gravy train. It's not going to triple in price daily, but it is one of the most solid investments I have seen in years.

[xuan87]

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

Yeah bitcoin improvement this year is really bad, so many bad rumour and problem about bitcoin that had caused bitcoin dominance is falling down and a lot of users invest in other alt coin, there are so many people believed that using litecoin is better than bitcoin and after I tried by myself, litecoin transaction speed is amazing, and there are so many alt coin is trying to replace bitcoin now, if bitcoin not improved then it could lead to a falling price and there will be a possibility that bitcoin will be left behind

[angaper]

There is much expectation as to what will happen on August 1, but I think that there was even more excitement at this point last year due to the upcoming halving, but actually nothing relevant happened that expected day. While it is true that there are many issues that are affecting the functionality of the bitcoin ecosystem, I do not think that August 1 is such a crucial day for the future of bitcoin and perhaps we will not see any significant market behavior. But difficult times will certainly come sooner or later...

[SvenBomvolen]

I didn't get, don't you satisfied with bitcoin's constant growth or what?
It is really smart to have founds in some currencies, I chosed Bitcoin and Litecoin, in the current moment I think to add Etherum in this list as well. Add to that I'm looking for some constantly new coin which I could buy very cheap today and get the possibly big profit in a year or two. Does anyone have an idea what it could be?

[Gaaara]

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

Perhaps, bitcoin is the most famous cryptocurreny but does not have much improvement, I mean what else can be improved in such coin. Because of its fame it only moves upward but the counter approach is that it can barely move an inch, bitcoin used to be a more useful when the price is less but now they only see it as an investment so basically more demand is coming and starting to not spin around the circle, I think you're right about everything you stated but I disagree that August 1 is a nice date to consider other options as bitcoin only started having problems since it started gaining a high value and it only outrageously gaining high price this March.

[Bitcoinsummoner]

I heard that in august we will see the hard fork of bitcoin hoping that we can see the improvement about bitcoin.. if not like you said other people can be transfer to other altcoin instead.. but i don't think if its a good idea but saving other altcoin just to be safe and maybe other altcoin will be replace bitcoin  its just my opinion that invest in other altcoin just for safety reason to get the benefits of the price or if bitcoin will crash a lot..

[Beparanf]

I heard that in august we will see the hard fork of bitcoin hoping that we can see the improvement about bitcoin.. if not like you said other people can be transfer to other altcoin instead.. but i don't think if its a good idea but saving other altcoin just to be safe and maybe other altcoin will be replace bitcoin  its just my opinion that invest in other altcoin just for safety reason to get the benefits of the price or if bitcoin will crash a lot..

I think bitcoin will not crash ,still many btc users were buying it , it just happen that more also were just storing it in their wallet so btc market not works well or due to delays and fees, btc needs to fix and work things out. For the meantime its also good to put some in altcoins.

[DOGE12321]

Altcoins can change their protocols easily because of the fact that not many people use them. This is why August 1's hard-fork is going to be a huge milestone for Bitcoin. Bitcoin has much more members in its community compared to altcoins like Litecoin. Thus any change to its protocol would require a massive shift of people. In other words, it is much harder to change Bitcoin's protocol. Ethereum is facing the same scenario. It was easier for them to change their protocols when its market cap was smaller, but now it is much harder.

[deisik]

Altcoins can change their protocols easily because of the fact that not many people use them. This is why August 1's hard-fork is going to be a huge milestone for Bitcoin. Bitcoin has much more members in its community compared to altcoins like Litecoin. Thus any change to its protocol would require a massive shift of people. In other words, it is much harder to change Bitcoin's protocol. Ethereum is facing the same scenario. It was easier for them to change their protocols when its market cap was smaller, but now it is much harder

I don't think there is any such relationship

At least, not in the way you think. You are obviously drawing wrong analogies and conclusions here by saying that "any change to its protocol would require a massive shift of people". There is no such thing. If some safety defect is found in a car (say, brake problems) and the car gets recalled, then this claim will hold true of course and a lot of people will get affected who own this vehicle and now have to return it. Changing protocol comes down to downloading a new version of the client and whatever software miners are using (if the changes are not compatible with the previous versions, which is not always the case). There is no "massive shift of people". Bitcoin is different from other coins in that more people will suffer (read more money will be lost) is something goes awry, but otherwise updating it is not particularly different than updating any other software

[deisik]

There is much expectation as to what will happen on August 1, but I think that there was even more excitement at this point last year due to the upcoming halving, but actually nothing relevant happened that expected day. While it is true that there are many issues that are affecting the functionality of the bitcoin ecosystem, I do not think that August 1 is such a crucial day for the future of bitcoin and perhaps we will not see any significant market behavior. But difficult times will certainly come sooner or later...

Things seem to be different this time around

Aside from that, if we talk about the last halving, all relevant events happened before and after the actual date. First, there was quite a lot of hype in the first half of 2016 due to coming halving, with prices rising all the time. As expected, they corrected dramatically a few weeks before the event itself (from over 750 down to 600 dollars per coin). A few months after the event (in late September and early October), the prices started to gradually rise since the reward halving as expectedly began eating a dent in the market supply of new coins. So even if nothing important happened on the date of the halving, this doesn't in the least mean that halving itself didn't have any effect

[radjie]

Yes indeed intense competition of other types of coins other than bitcoin or altcoin they can continue to compete so that its value is able to match the value of bitcoin, But I'm sure even though the altcoin value exceeds the fixed bitcoin coins no 1 to whenever only a bitcoin has nothing to match the popularity of bitcoin to date.

[robelneo]

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

In case of a worst scenario you should pick other coins with high potential,Bitcoin is facing some issues and other coins are getting mileage so it's better not to put 100% of your trust in one coin although in my opinion it's still the best coin to invest.

[crazyivan]

Litecoin taking over Bitcoin??

Etherum maybe but Litecoin???

This LTC price growth is only due to Mr. Lee leaving Coinbase, working full time on LTC and some rumors about Bitstamp adding LTC. Pumps and dumps we ve seen gazillion times in crypto. In terms of size and user base especially, LTC s not even close to BTC and I do not think it ll ever be.

Regarding BTC, Segwit2x seems to be agreed, over 80% of miners have started signaling it and I m positive about this being a solution, at least a temporary one.

However, what I know so far is that big players ALWAYS find a solution once their mining operations get endangered in any way.

All in all, BTC has always been the king and I think it ll stay that way for a long, long time.

[d5000]

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.

In summary, what we understand will happen for sure if the current trend is continued is that Segwit will be activated next month? I wonder if the improvements after that will change anyone's mind about what happens post Segwit.

The road to Segwit2x is a bit complicated:
- first, miners will signal for "NYA" (New York Agreement). That is happening now. But they are still using their old software (mostly Core or Unlimited)
- second, in July the Segwit2x software will be deployed. From this moment on, the Segwit2x fraction will signal for BIP91. This is - in layman's terms - a kind of "promise" that they will signal for Segwit.
- BIP91 gets locked in with 80% support. From this moment, only blocks from Segwit-signalling miners will be accepted - like in BIP148.
- Segwit gets locked in once 95% are reached (which is more of a kind of "formality" as other blocks are not accepted)

In every one of these phases there could go something wrong (there may be "bluffs" or other psychologic moves from one or both of both fractions). But I'm optimistic - I think miners (of both fractions) know that their profits will dwindle if we have a chain split in August 1.

For now, in the last 100 blocks, if I counted well, 92% are signalling for some form of Segwit. But the BIP91 phase is when things get "hot" because once that is locked in there is no way back.

[Creepings]

Yes indeed intense competition of other types of coins other than bitcoin or altcoin they can continue to compete so that its value is able to match the value of bitcoin, But I'm sure even though the altcoin value exceeds the fixed bitcoin coins no 1 to whenever only a bitcoin has nothing to match the popularity of bitcoin to date.

I think even altcoin, Ethereum particularly will be catching up to bitcoin but maybe because of a fork or something else, but as you have said, there is no way that bitcoin will stay like that, it is the first and original digital currency so it will surely pump and and leave Ethereum and other altcoins behind.