SegWit & Bitcoin price - page 2. | Bitcointalksearch.org

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Quote from: TheQuin on February 28, 2018, 10:44:58 AM

Segwit in itself isn't the answer it was part of the process of opening up the Bitcoin blockchain to layer 2 applications that allow off-chain transactions. This I believe will indeed eventually solve the scaling issues and is a positive factor on prices.

Definitely. Segwit is nothing more than a first step towards LN, which will give this market and ecosystem the boost that it badly needs, and at the same time deserves. It will very likely also make sure that capital parked in altcoins due to Bitcoin's 'incompetence' will flow back into Bitcoin, which will again result in Bitcoin's market to benefit. In that regard, I would probably start preparing to unload altcoins and start taking a strong position in Bitcoin at this point already, because when the mass starts doing it, you'll get a whole lot less Bitcoin for your altcoins.

JanpriX

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Buy The F*cking Dip

Until recently, I'm not aware of the benefits that we could get from Segwit. I just noticed it when the transaction fees became lower every passing day and the confirmation time became faster compared to last month. This is a very positive outcome for the community.

Yet, I still not believe that this alone will push the price of BTC any higher. Segwit just attempts to provide one solution to a number of problems that we have right now. It will take some time but the path that we are taking now is the right one. It is also very noticeable that the price of BTC is being heavily manipulated nowadays. We can only see another ATH from it when the market makers decided to do so. Grin

TheQuin

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Quote from: hugeblack on February 28, 2018, 10:34:38 AM

Not so long ago, the bitcoin protocol was upgraded to increase block capacity "Segregated Witness or SegWit" "4 MB block size"

It's not a 4Mb blocksize. The size restriction has been replaced with the concept of weighted units so now there is a 4000 WU limit. https://en.bitcoin.it/wiki/Weight_units

Quote from: hugeblack on February 28, 2018, 10:34:38 AM

and the last version of Bitcoin Core "SegWit support is enabled by default" supported native SegWit format or Bech32 type.
as a result:
1. Mempool is empty. 2. 34% less fee. 3. improve merchant support.

Actually, the mempool has been empty for weeks not just since Core 0.16.0 was released on Monday.
https://jochen-hoenicke.de/queue/#1,30d

Segwit in itself isn't the answer it was part of the process of opening up the Bitcoin blockchain to layer 2 applications that allow off-chain transactions. This I believe will indeed eventually solve the scaling issues and is a positive factor on prices.

hugeblack

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Quote from: https://www.newsbtc.com/2018/02/20/can-default-segwit-support-make-bitcoin-price-rise-even-higher/

Not so long ago, the bitcoin protocol was upgraded to increase block capacity "Segregated Witness or SegWit" "~~4 MB block size~~ 4000 WU limit" and the last version of Bitcoin Core "SegWit support is enabled by default" supported native SegWit format or Bech32 type.
as a result:
1. Mempool is empty. 2. 34% less fee. 3. improve merchant support.

Several companies dropped Bitcoin support over the high fees and transaction delays. If those are non-issues in the future, spending the world’s leading cryptocurrency will become easier again. Additionally, the Bitcoin Dominance Index has been on the rise as well. [1]

So Can SegWit Support Make Bitcoin Price Rise again? or SegWit can’t affect the price of the Bitcoin?

Source #1: https://www.newsbtc.com/2018/02/20/can-default-segwit-support-make-bitcoin-price-rise-even-higher/

Topic: SegWit & Bitcoin price - page 2. (Read 355 times)