Are we ready for the big pump?

[Kakmakr]

We are moving closer to the phase where Bitcoin usually take a upward momentum, but the question is : Are we Ready?

Most of our Bitcoin exchanges have a tendency to "crash", when we need them the most. < Is this capacity issues or is this being done on purpose? >

Will we reach high enough SegWit adoption before this push? Will SegWit prevent a repeat of the previous disaster? <high fees>

Will the Lightning Network be mature enough for people to push micro transactions via it's channels and not on-chain on the Blockchain?

Time will surely tell if we will have enough scaling to handle the next big push! Ladies and Gentlemen, make sure your software are ready and secure for the next big Bitcoin storm!

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[OmegaStarScream]

If by crash you mean the exchanges not handling traffic then this looks like It's done on purpose with the resources they have to own the best servers.

Bitcoin Core 0.16.0 (final version) has been tagged so It should released in the upcoming days, I expect most exchange to implement SegWit (assuming that they were serious in the past when they said they are waiting for this release). A transaction with 1sat/byte (currently) can get confirmed after a few blocks only so as long as we have no spam attacks, we're good.

LN developers already warned about using it on the mainnet, yet people are still doing it. So, It may take sometime before we see it in action (I'd say the end of the year maybe). You can see the testing results here: https://cdecker.github.io/lightning-integration/ (see this video   https://vimeo.com/256250634 )

[tbalazs]

We are moving closer to the phase where Bitcoin usually take a upward momentum, but the question is : Are we Ready?

Most of our Bitcoin exchanges have a tendency to "crash", when we need them the most. < Is this capacity issues or is this being done on purpose? >

Will we reach high enough SegWit adoption before this push? Will SegWit prevent a repeat of the previous disaster? <high fees>

Will the Lightning Network be mature enough for people to push micro transactions via it's channels and not on-chain on the Blockchain?

Time will surely tell if we will have enough scaling to handle the next big push! Ladies and Gentlemen, make sure your software are ready and secure for the next big Bitcoin storm!

I think we all should and try to avoid buying selling when there is big turbulance, try to maintain your positions smoothly, usually rush decisions are not the best decisions. In stock trading there is a saying: 2+2= 5-1

[castiel0504]

Honestly..I am not sure... At the moment there are really not BIG FUDS(problems). SO many good news coming out, and we saw rise from 6k to almost 12k. AND BOOP sudden shit with Japan Exchange(21 trillion thingy) and we see crash. Until we see stop on price crashing over EVERY LITTLE DAMN THING. I think we can be ready for pump, until then A LOT OF WEAK HANDZ!

[compimprove]

probably. Market cap now is 450 billion. It is still quite a few

[EricExxo]

We should be always ready for a big pump. There will be exchanges who can handle for sure the growth.

[Kakmakr]

If by crash you mean the exchanges not handling traffic then this looks like It's done on purpose with the resources they have to own the best servers.

Bitcoin Core 0.16.0 (final version) has been tagged so It should released in the upcoming days, I expect most exchange to implement SegWit (assuming that they were serious in the past when they said they are waiting for this release). A transaction with 1sat/byte (currently) can get confirmed after a few blocks only so as long as we have no spam attacks, we're good.

LN developers already warned about using it on the mainnet, yet people are still doing it. So, It may take sometime before we see it in action (I'd say the end of the year maybe). You can see the testing results here: https://cdecker.github.io/lightning-integration/ (see this video   https://vimeo.com/256250634 )

Well, the testing on the Mainet is limited to small amounts, so it is not going to cause a lot of damage if it gets exploited. In some cases it is neccessary to do testing in a live environment and I think this is one of them. We have to build channels to build a network, to see if it will be able to handle the load.

I am really chuffed with the progress so far with the Lightning Network. ^smile^

[LeMoon]

Hmm I bought my first coins a few weeks ago, so I wouldn't be opposed to a pump 

[vishnu_g]

I am ready for a big pump hope everything will be alright in the next few weeks

[electricblueeyes]

Waiting patiently for the "big pump". Saying that i would much prefer a steady climb to create stability.

[dothebeats]

We are moving closer to the phase where Bitcoin usually take a upward momentum, but the question is : Are we Ready?

Most of our Bitcoin exchanges have a tendency to "crash", when we need them the most. < Is this capacity issues or is this being done on purpose? >

I don't believe that the crash on several exchanges when a massive push is happening is an accident. To me it looks like this is done so as to prevent sell-offs from traders for reasons unknown and the exchange operators only know. As to handling traffic during a massive push,

Will we reach high enough SegWit adoption before this push? Will SegWit prevent a repeat of the previous disaster? <high fees>

Possible, assuming that the first few weeks after the massive crash (and alleged spam attacks) we've seen that transactions can pass through even with 10 sat/byte, unlike the normal 200-300 sat/byte just over a month ago.

Will the Lightning Network be mature enough for people to push micro transactions via it's channels and not on-chain on the Blockchain?

It would be since I think there would be a massive calm before the storm, and by then LN hopefully delivers to be a cheapest gateway of microtransactions in the bitcoin network, otherwise it will just prove to be a dire effort of enthusiastic devs on helping in the scaling issue.

[fraufreiheit]

I will not sell even when this pupm occurs, I will hold most of my coins till the end of the year at least. I think that even a bigger pump is coming.

And of course most of crypto exchanges are still very young.

[sud]

Always ready for a pump, but I think we wont see one soon. Right now bitcoin is struggling to leave 10k area, so we are -50% from ATH.

[TheBartender]

I've heard the Binance is looking to become a decentralized exchange at some point. Maybe some other options popping up soon too (via ICOs) like NEX.

Wouldn't that help the problem?

[gotminer]

I don't think exhcange crashes during massive price moments are accidental, but I don't think the exchanges are doing it on purpose either.  I would guess it's more of an infrastructure problem than anything else.  None were ready for the growth that crypto markets saw in 2017.

[Kakmakr]

I don't think exhcange crashes during massive price moments are accidental, but I don't think the exchanges are doing it on purpose either.  I would guess it's more of an infrastructure problem than anything else.  None were ready for the growth that crypto markets saw in 2017.

Well, now is the time for them to get their sh1t together. We need these exchanges to be on board with their platforms, when the big push is happening. How embarrassing is this scenario, when millions of people are rushing to buy bitcoins on these platforms and they are down for hours. How much potential investments in bitcoins were lost, because of this?

They should prepare their IT systems and upgrade their bandwidth to handle bigger traffic, when we need them the most.

[loku123]

I think we can see big pump in next two months. Because in past years' january, february months market crash. This year also same.

[George Khelashvili]

I am not sure. btw I dont need it because after big pump, always here is big dump.

[wwtt1210]

My prediction is the end of Q1, start of Q2 for the next big pump. Been patiently waiting haha

[amaydel]

Bitcoin has bounced back from the crisis so well and this is a very good indication that a big bitcoin pump is just right in the corner. So if you have bought bitcoin during the dip and hodl it, then it will be total goldmine for you.