Re: Altcoins that might rally in the futureHello Hypermesh
I have been throughout your comment and found them very interesting, i like your reasoning ability
I would like you to advice me..on how can i make more bitcoin for i decided blindly to buy one btc in 2016 at almost 400usd ,and i kept it until now it value is above 4000 usd.
I want to increase it either by trading or buying some altenative coin under your guidance or whatever you advice me
I have been silently following some discussions in here and this helped me be IT/bitcoin fan for i read and try to understand hardly every term i meet with
Thank you
I can not advise someone on how to invest. I may make suggestions but they are intended for someone who is diversified.
At this time it is very difficult to advise because there is much confusion in the market about the outcome of ICO legality. And we have another fork of Bitcoin possibly coming in November.
Currently several of us are thinking LTC and BCH may make significant moves up after BTC hits $5000, but we’re not sure about this. We’re thinking a bottom in BCH around $300.
Our thinking is that everyone is moving into BTC right now in order to get free tokens from the coming fork. After that, there will be chaos and diversification.
We see the *possibility* of a crash in crypto ahead, maybe after one more move up, but again we’re not 100% sure of that either.
As for taking a long term viewpoint, look for diversifying into an altcoin which you think has solid innovation and fundamentals to grow. This is where it gets very murky at this time. There are several altcoins which are doing unique innovation but also have weaknesses such as:
XMR (there’s also AEON)
STEEM (there’s also ARK)
NEO
LTC
ZEC
KMD
BYTEBALL
I do not know which one above to advise (personally I don’t feel convicted about any of them above, because of the weakness I know about). And I am trying to launch my own altcoin, which I would feel strongly about assuming my damn health will stabilize so I can work 100%.
BCH has a unique pattern from all other altcoins in that it’s in a triangle pattern both w.r.t. to BTC and USD!
We’re at the bottom of the triangle again, and the triangle is about to close at the vertex, so the price either has to skyrocket
or collapse soon, i.e. it will not sit around $300 for a long time (weeks at most, not months).
My bet is skyrocketing because of the chaos and fight between BTCSegWit, BTCSegWit2x, and
BTCSatoshi (aka the Real Bitcoin).
Don’t forget my warning:
https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept(the warning above has potential dire consequences for those who sell BCH for BTC)
Also because it’s usually wise to do the opposite of everyone else and buy when there’s panic selling.
BCH is the only airdrop fork of Bitcoin (LTC being a fork but not an airdrop) which has a significantly increased block size. SegWit is entirely insecure and will end up eventually (but when?) being destroyed IMO:
https://nchain.com/en/blog/risks-of-segregated-witness-mining-cartels/https://www.reddit.com/r/Bitcoin/comments/5r6l2v/lightning_network_security_concern_and_bitcoin/dgr35db/?context=1As the market senses this and senses the chaos of a fight between 1MB and 2MB, BCH will possibly skyrocket.
Also remember that as the price of BTC rising then the difficulty rises, but the difficulty readjustment period is roughly every 2 weeks yet BCH has a fast readjustment period. So if BTC price declines and BCH rises, then it can start a spiral where it’s more profitable to mine BCH and mining shifts to BCH in self-reinforcing spiral of decling BTC price and rising BCH price.
The Scalepocalypse is not yet resolved!
https://www.dashforcenews.com/bitcoin-com-to-dump-segwit2x-roger-ver-might-help-nchain-block-segwit/Remember I’m the guy who publicly suggested (in fact screamed it all over the forum) buying LTC at $6 and selling at $80. I’m also the guy that was writing on these forums when Byteball was $1 million market cap that it had a unique technology that was worthwhile and that everyone should nibble on it even though I had concerns about its other design weaknesses. Ask
@thejaytiesto for confirmation.
Tension grows... Soon main miners will not stand and start dumping their coin and stop mining. This will be the end.
Difficulty drops to meet the price, i.e. miners leave until an equilibrium is established where the amount of hashrate is profitable. Miners go where the profit is. So its impossible for it to be a case where all miners leave. Nonsense.
Note the following tangential criticism of SegWit is not going to determine the success or failure of SegWit:
https://www.coindesk.com/bitcoin-legal-experts-nchain-segwit-criticisms-flawed/But I do agree with this nuance of the critique:
This would create a new form of intermediary needed for digital signatures, which is antithetical to bitcoin’s decentralized nature.
My decentralized ledger design’s protocol requires every node that signs for having verified a signature, to maintain that signature and be responsible for responding to inquiry for that signature (for predetermined fee). Nodes that habitually fail to respond are blacklisted by the collectivized cognition of the system (and nodes lose a very valuable revenue producing asset by failing to comply and they can’t attack the security of the consensus system by failing to comply). My decentralized ledger employs an objectivized swarm design to overcome the weaknesses of proof-of-work and proof-of-stake.
