Topic: Bitcoin scaling: Looks like all roads lead to LTC - page 3. (Read 6636 times)

See my comment there:

https://www.reddit.com/r/litecoin/comments/64kavb/be_very_careful_segwit_signaling_percentage/

If you been watching whats been happening it seems like litecoin will actually play an important role in bitcoins future from now.  Before it was just some other coin now it actually has found a purpose for making bitcoin stronger.

Litecoin has one and only one chance to ever get SegWit activated now while LTC is extremely undervalued (because this means miners can form a 75% consensus on rising the price, which won't be otherwise be possible due to the crab bucket game theory that John Nash designed into Satoshi's PoW). That window of opportunity will close and due the crab bucket mentality that Satoshi designed into PoW and never be possible again in the future.

Without off chain LN, there is no other way to scale Satoshi's PoW. I've refuted all the other technological BS such as larger blocks and Xthin.

Bitcoin will NEVER get scaling.

Litecoin MUST get scaling NOW. And it will. And it will receive all the transaction rate scaling that Bitcoin will NEVER be able to do.

Please don't make me explain this again.

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The volume is extremely high but it is not a panic waterfall collapse. That to me is very bullish. It indicates to me the smart money is trying enter at the lowest price they can before the next blast off.

Nearly all the altcoins are down because the market is confused and thinks that Blockstream has defeated Jihan Wu's BU, but I expect BTC is topping out at $1200 (range bound as I predicted many days ago) once the market realizes that this BS about SegWit signaling on Bitcoin gaining momentum is nonsense. Bitcoin will never get scaling. The market will digest this, Bitcoin will stumble and Litecoin will rocket up.

The market is stupid because Bitcoin will actually benefit from scaling on Litecoin, but the market has to go through its gyrations. In any case, my thesis is Bitcoin remains range bound until Litecoin catches up, because the charge says "It Is Just Time" and because Bitcoin can't move up until there will be scaling in the Satoshi's PoW ecosystem. Litecoin will get it, Bitcoin won't, but that it is a good thing for Bitcoin. Market doesn't realize any of this yet, but the smart money does.

FYI, I sold some STEEM and bought more LTC on this dip.

I will continue to buy LTC with every thing I can find. I have 1 BTC in another account which I will probably transfer to Poloniex so I can buy more LTC.

The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.


My thesis of both the rise of price outpacing hashrate rise due to constrained supply of ASICs, thus driving miners to increasingly signal SegWit, plus my thesis that "It Is Just Time" and that Bitcoin can't rise (willl remain range bound < $1200) until Litecoin catches up to $30+, seems to be holding as truth.The huge volume on LTC tells me LTC has become the #1 altcoin, the pressure is building for another upward explosion in price, and it extremely undervalued. LTC is starting to average more volume than ETC.

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It is impossible for it to reach 95%.

Jihan Wu will never allow Blockstream to exist on Bitcoin. And I already explained he has checkmated Blockstream with his Bitmain covert asciiboost hardware spread out all over in the wild, which he can activate at will without even implicating himself nor Bitmain. Perhaps you missed my elucidation on that.


I would, if I had a house. Seriously. I am selling everything I can find to buy more LTC.



Within the "current activation period", it has been steady at 64-65% since my post which quoted.


Jihan Wu is playing along the game. I never said he wasn't blocking SegWit on Litecoin. But as I wrote, there is 20% of hashrate that was temporarily pulled so the signaling reduced from ~70% to ~62% but since has climbed back to ~64% because more and more other miners are switching to signal SegWit because they are starting to understand the price dip is due to signaling.

As the base of signaling builds back to 69 - 70% again, that 20% hashrate can return and push it over 75%. That might BTCC who is moving that 20% hashrate to and from Ethereum (their GPUs mining farm).

Since BW has stated it will soon signal for SegWit, perhaps some of that hashrate that Jihan had there has been moved to Antpool. Jihan may have been using proxies to hide or influence the decision of other pools. Any way, as I stated before that the hashrate game is too obfuscated for me to determine definitively, but the trend of LTC is now undeniable.

All roads to scaling lead to LTC.

Get on the train or be left behind.

All roads lead to LTC?? sounds like a joke to me

DASH appears to be a coin held in the hands of a few. If they don't sell yet continue marketing the price rises. Number of transactions don't match the price. Litecoin is probably the fairest and most widely spread coin due to how it launched. Also currencies are different than stocks. Stability is what is desirable in the long term.

@Xester, Charlie Lee was manipulating the price on his Twitter with his Chinese pool owner cohorts.

You need to know what you are doing. You don't sell when they are obviously BShitting.

I'm sorry to hear you lost. But let it be a lesson to you that don't speculate in what you don't understand. I warned that LTC would be very volatile with many shenanigans.

If you re-enter, then make sure you understand your risk tolerance. I was prepared to ride it all the way back down to $7 with strong hands, because I have strong conviction about LTC to $50 (and BTC to $2000 then LTC to $100).

Panic is the worst feeling you will ever have during trading, i also got trapped in this dump but i have few extra bitcoin out of orders. So that my long position doesn't got liquidated even after that big dump. I will now wait for price to pump over 0.01BTC atleast to close my long position.

Don't panic brother, that was correction on LTC not dump. 

Wtf are you talking about lol. If you lost some money you didn't lose everything so stop acting like you did. And what dump lol? Bitcoins are getting back to their ATH and litecoins are doing amazing. I don't understand a clue what the hell you're talking about.

One transgression.

I gave up on Litecoin a couple of years ago but I still have a few. It has underperformed as compared to Etherium and Dash. I hope it can get back to being a valuable altcoin.

I was caught up in the dump and I panicked and so I sold my LTC to bitcoins in a much lower value and that is why I end up losing my capital. Litecoin is hard to analyze compared to ethereum and dash which has many different signs so we can predict if it goes down or high in value. I guess I will not invest in LTC anymore it is very troublesome since I guess I am too late in investing at this moment.

there is always going to be bugs in every code out that is made and no matter how much you try they will persist. bitcoin had many of them from the start and they were found in early days and fixed hopefully nothing too bad that i am aware of.

and i think litecoin (if activates SegWit) will clarify a lot of things. and litecoin has a lot of transactions too, it is not as small as you think and that much is enough to show how things would work.

However the bugs that may not be found with litecoin after segwit activation can still be found in bitcoin because both are based in different consensus Algo and have different daily transaction volume and number of active nodes.

Support for segwit is still struggling to pass 70%.

Everyone wants Coinbase to add litecoin trading might be in for a surprise. When GDAX started trading Ether last year price dropped 70% in seven months.

Last time I checked on Litecoin development a year ago, it had stagnated and Charlie Lee was selling bitcoin memorabilia here on the forum. Segwit certainly gave the team some code to merge, but price and volume-wise Litecoin was DEAD. I'm glad Segfault has given LTC a reason to pump, but I wasn't around for it, and I won't be around for the dump. Segfault may activate on Litecoin, it won't matter much in the long-term. Anyone buying LTC right now, I've got a bridge to sell you...

Personally I hope Segwit does activate on Litecoin, so all of the subtle bugs in Segwit can be found. Then we can do a post-mortem and find the total technical debt it has caused, without killing Bitcoin...

the only thing you ever going to need for trading is what you see on the charts. these groups and what they say is always noise.
news however is good to keep a lookout for.


these dips in altcoin prices are always because of bitcoin price rise and there is no surprise there since bitcoin went up to $1195 today!
and as you can see the couple of minutes ago BTC dip to 1180ish caused a LTC price hike.

Neither twitter nor bitcointalk are any good advisory for hasty tradings. On most of the pumpgroup twitter activities your best bet even is trading the opposite direction of their anouncement.

At least if the Wang Chun finished to troll us about the SegWit signalling on the litecoin.

More people are panic caused by wang's tweet.

Wang Chun is a childish trolling right now, but, his tweet gives massive impacts for the litecoin market and that's really sad. WTF LTC is dying right now caused by Wang Chun.