Topic: YORK's price prediction topic. - page 14. (Read 24728 times)

Bitcoin needs scaling, there is no doubt about it - at least if we focus on its on-chain capabilities.
It is hard to estimate how big amount of bitcoin traffic is fake, and exists only to spam the network.
We can estimate that that currently legit blockchain usage is around 75% of 1 MB blocks, rest is useless data or spam.
In theory bitcoin could handle 7 tx per second, but this number won't happen it theoretical top capacity only when all transactions in the block would be a minimum possible size.

But not all transaction need to be done on-chain, there are off-chain options available, eventually I expect that bitcoin will be used as pivot for whole network of off-chain solutions.

Why BTC needs scaling :


Eponential growth in danger because of the postponed scaling solution

Thanks for your input!

Bitcoin Core had bugs in the early stage of development too. It was so long ago that people simply forget about it.
But the idea of Bitcoin Unlimited failing while implemented in a network worth $20 billion is terrifying.

No scaling solution is perfect. Larger blocks will cause blockchain to be bigger. Small blocks are also more secure.
SegWit alone will bring more capacity to the existing 1MB blocks, i.e we will be use more block space effectively.

SwgWit offers backward compatibility, Bitcoin Unlimited doesn't.

Is this better investment ? Than other alt coins I'm just thinking off to investment little bitcoin there while waiting for my other investment also the bitcoin price will be increase.i saw the graph of Yorks and its really good maybe tthere something I can get to have an idea.

It isnt better.
Its buggy untill its proven otherwise.
SegWit isnt perfect tho.
SegWit will make further scaling a lot more difficult.
Thats why I like the idea of SegWit + 2mb blocks.

But I am not an blockchain expert, so dont know the crucial details that you need to know for implementation of SegWit or BU.
Fact is that BTC needs scaling to grow fuhrer, SegWit seems to be a more secure option than BU.

But if SegWit makes fuhrer improvements a lot more difficult than its bad in my opinion.
It will be be profitable on short term but it will weaken BTC on long term.

Anyway this is my point of view, I know too less of this whole scaling matter.

Bu isnt dead yet all those poeple belives in bu are stupid
Why is bu beter then btc??
Give me a good explantation about it then i Will say Oke we need
A system like that...

Ah I am not 100% objective on Litecoin because its pump&dump.
I think its bad for the goodwil and image for big investors that are considering investing in crypto.
Anyway we are still looking quite weak ATM, but I think its just because the weekend.
Bulls will buy tomorrow, otherwise rekaton will start a lot earlier than I expect rightnow.
BU isnt dead at all, Roger Ver said today that BU is ready and finished for a launch.
Lets wait how that will unfolt.
Today most eyes are looking at the downfall of Tether, including myself.

BTC will never go down to €500.
It will be the end of BTC if it happens.
Parabolic growth would be destroyed and altcoins will eat BTC's martkecap.
Miners will go broke so it will never happen.
BTC is already topping, all the technical indicators tells me so.
Thats why I posted the BTC transaction graph yesterday.
Its also topping. We will not reach 2k this year, nor 1800 USD.
1400 USD is the max.
If BTC and the whales want to reach 1400 USD this year it has to be now, because of forced BTC buying because of Bitfinex.
The time to strike is now.

Vinny Lingham also posted some tweets about BTC topping like I am saying for weeks.
The price decreased when he posted it.
This means that some traders choose to short already.
For the first time in years  of BTC trading more traders short inspite of going long on the echanges.
This means that the majority expects Bitcoin to fall around 1050 USD.

I still have some hopium left for BTC to reach 1400 USD in this move up.
But the bears are gathering a huge army and are fully prepaired.
Some oldschool ping pong BTC movement will occur when we fall.

When we fall I expect some Zigzag movement between the 2 yellow lines on the chart, but with the blue line as a critical supportline.
I am not going to short because their bear army is huge already.

Lol york i Little invested in LTC
I think we can make profit with that one to
After all its all about the money And making Some money


Lets talk about the Btc

Its stabilized nearby 1150€ kraken price
Like you said iT Will go higher in valeu beceause the most big investors
Wanne reach a new ATH this time again, then iT Will sink a litle i think
€100-€200 max. After that iT Will reach again higher prices beceause the world
Is investing in btc And the halving from the mining btc comes.
Were now at 12,5 i think So that Will Be 7,5, i think july those months it Will Be
Rise again. The hard fork about btc Hmm Lets say its bullshit they cant bring btc
Down to €500 ore cheaper beceause the chain ore transaction of btc is not good oresomething.
This is How i think And in begin of 2018 Russia Will also accept btc And if that happens
Then the price Will go up, again a big country accepts it, other countrys will fallow iT


Correct me if i am wrong

Litecoin is still an better alternative for bitcoin than Ethereum. We cant really compare Ethereum with bitcoin, but still its THE btc hedge of this moment. Ethereums concept is promosing, but its an extreme high risk investment for midterm. Ethereum is holded in big ammounts by a few people, the community is fighting eachother and Ethereum is extremely centralized by Vitalik Buterin. Thats good for innovation, but thats not what you are seeking for as an investor. When Vitalik wants to fork, Ether will fork. When Vitalik wants more tokens there will be more tokens. I could go on, point is made. What if microsoft or Gates will lose interest in Ethereum? Well rip bagholders. Vitalik doesnt care. Community cant do anything about it. Microsoft and Gates have bought many companies in the past. Milked their knowledge, and dumped it. This is my fear for Ethereum because of its centralisation. Now the war of the true Ethereum will start again, with Barry Silbert using ETC. Interesting to watch.                                                  

Back to Litecoin. Where was Litecoin without SegWit? Thats right, at $4. The BTC whales are just pumping LTC because of SegWit and trying to make money like always and send a message to the miners also. Dont try to follow the whales. They invested before you, so they will always have a better position to exit before you do. Risk is high, I dont like to gamble on that. Litecoin isnt a 100% hedge for BTC, what means that it is less predictablr than Ether. To make a long story short: nobody stops anyone to invest in LTC, but at least think about it whats the current sentiment of the traders. Altcoin season will likely be renamed in SegWit season. The hype is real. The whalegame is really strong rightnow.

Litecoin does have fundamentals, which are largely what the hype is about.

Litecoin is an extremely credible coin.  It's been going for a very long time with a very good system and good upgrades to Bitcoin's ideas.  SegWit is the icing on the cake.

I'd say that if Litecoin gets SegWit, even if there's a drop after the pump it'll go back up and stay pretty stable just like Ethereum has just because people realise that Bitcoin has its own purposes and it's not going much further as a currency.  I think there's a huge market for Litecoin among people who are losing faith in Bitcoin but (like me) are very skeptical of the Ethereum foundation.

Found it.
And no, Litecoin sucks.
Yes SegWit will have a big impact on LTC.
But its just a big pyramid game.

LTC strategy of alsmost every player right now:

1. Invest
2  Wait for the SegWit pump
3  abondon ship to flee with huge profit

But what if somebody else will leave first?
And you will got trapped?
Goodluck with that.

Litecoin is filled with pump&dumpers, almost 90% of them.
Good luck following the mass.

I stay in BTC and watch you guys being happy first, and 50% getting burned and trapped and getting homeless second.
Litecoin is good for the homeless population.
Invest in fundamentals, not in a hype.

SegWit is the crypto messias of 2017.
Some players will be put out of the game for good because of Litecoin.
Mark my words.

I am 2 steps ahead of this weak whale game.

This tweets are a reason for the downmove, BTC topping discussion like I already said some days/week(s) ago.

Looks like the market finally understands that we are topping.






BTC PRICE CEILING

I still stand by my comments in post #3. Care to reassess, yorkshire?

BTC BU VS CORE 22-4-17

Update :



Second red arrow right now, second pullback because of resistance.

Have a nice weekend guys.

Just follow the chart, its still accurate.

We need to break trough 1173 EUR ($1254) to defeat resistance lvl 1.
BTC reached 1164 EUR yesterday, so we were really close.
But like how I drawed on the chart we are now at the second red arrow, pulling back from resistance level 1.
This is still part of the plan 

York How is the resistance lvl?

Yes they shaked kraken price was down to 1123€ now its already 1140€

Its the normal dip of the weekend the Damn Chinese And Japanse poeple are trading normal
Days And weekend there shaking So they can buy cheap

We Will see where iT goes

Patience will be rewarded like always.
Just shaking out some weak hands like always