Bitcoin, Electroneum, Cryptocurrency | A New Crypto currency

[Determined]

That change in March may be the Bticoin Lightning network. It's being called Bitcoin 2.0 and I can see a huge surge in bitcoin prices if it is successful.

The Bitcoin Lightning network aims to reduce the scalability problems that are currently plaguing it and giving value to it's competitors. If you have Bitcoin, it's a good time buy/hold. I might be putting some money into it soon.

[JackOfHearts]

I was thinking exactly about that but ETH could the one who profit the most, could be due do their POW to POS switch. Also a lot of guys seems to think due to that switch from Etherum POS type coin will go up.

[Determined]

I was thinking exactly about that but ETH could the one who profit the most, could be due do their POW to POS switch. Also a lot of guys seems to think due to that switch from Etherum POS type coin will go up.

Possibly. The thing is, ETH is only growing right now because of the scalability problems with BTC. If these get resolved then I can see BTC regaining it's lost market dominance.

Also, if the Bitcoin Lightning Network is a success, it will make both Bitcoin Cash and Litecoin redundant as they're both currently just BTC forks.

So if anyone here is holding Bitcoin Cash or Litecoin, it might be wise to reinvest.

Edit: I should add, the Litecoin creator also sold his entire stake in the coin on Dec 20. I'd take that as a sign for things to come.

[JackOfHearts]

I don't think LTC will die and the lightning network is a quick fix, it won't solve the problem, it might just barely gives some relief.
Watch andreas antonopoulos video you will learn a lot.
He compared internet beginning as blockchain begining, the congestion won't be fixed in the short term as it's an inherent part of a new technology teething process.

Also I don't think ETH is growing only because BTC is slowing down, the token technology build inside ETH give him more value than BTC, it's only a matter of time before BTC users come down to earth. BTC is obsolete compared to ETH, unless they manage something new they aren't going to stay at the top.

https://segwit.org/my-vision-for-segwit-...95a7ab656b

But some people say LN (lightning) on Bitcoin will kill any reason to use Litecoin. If people can do instantaneous transactions on Bitcoin, why would they use Litecoin? My gut feel is that this is not the case. Even with LN, Bitcoin still cannot service every person in the world. I think the calculation was that at 1MB blocks, LN and SegWit on Bitcoin can service 500M users. LN nodes will charge a fee for LN txns going through them and that fee will be relative to the Bitcoin network fee. So Bitcoin LN txns will be more expensive than Litecoin LN txns. It may make economic sense for a LN txn to go via Litecoin and back to Bitcoin to get the cheapest rate

[JackOfHearts]

[JackOfHearts]

How many people actually know the reason why Charlie Lee sold his coins?

Conflict of interest

Most would stop reading after that, and understand it the wrong way. I thought it meant he was protesting against something in the team but no.

He sold it because he don't want people to think he is working on LTC for the money he will get as LTC grow in value. So now people can't say he is working on LTC to get rich, that's his official reason

WHY WHY WHY, always ask why, ,never assume something until you know all the story and search for the truth. Maybe the guy actually explained his move, but most won't read it.

So in the end what he did should have the opposite effect, Charlie actually believe LTC value will grow. (selfless)

[Determined]

To be fair, publicly he can't say his real reasons for selling as it would induce fear and panic. The crypto market is driven largely by public perception and if he were to openly say he feels the Bitcoin Lightning Network were a threat to Litecoin, it would cause Litecoin prices to drop.

He sold his Litecoin at $350 which would make him very rich anyway. He also sold all his Bitcoin Cash at the same time (both the BTC forks). I'm presuming he knows something that we don't hence his behaviour.

I'd feel more assured that he was interested in growing LTC if he had a stake in it and if he was interested in becoming rich. Without his personal interest, they're just words.

I agree, it's important to look behind the words hence why I'm skeptical. If he's saying he sold all his LTC so he could grow the company in value and not make any money for himself - I'd be skeptical of that too.

[Blacksheep]

(....)

[Spiral]

Travis, why is it going to break $2? "handle" refers to a piece of a chart pattern? Is a spike always guaranteed?

Just curious. I know nothing about this coin, but I've been asking people at least 2 questions a day, putting more pieces of the big picture puzzle together.

[Determined]

Even if you go to Coinmarketcap and click 3 month graph for LINK, you can see it isn't a traditional "cup and handle" pattern.

[JackOfHearts]

To be fair, publicly he can't say his real reasons for selling as it would induce fear and panic. The crypto market is driven largely by public perception and if he were to openly say he feels the Bitcoin Lightning Network were a threat to Litecoin, it would cause Litecoin prices to drop.

He sold his Litecoin at $350 which would make him very rich anyway. He also sold all his Bitcoin Cash at the same time (both the BTC forks). I'm presuming he knows something that we don't hence his behaviour.

I'd feel more assured that he was interested in growing LTC if he had a stake in it and if he was interested in becoming rich. Without his personal interest, they're just words.

I agree, it's important to look behind the words hence why I'm skeptical. If he's saying he sold all his LTC so he could grow the company in value and not make any money for himself - I'd be skeptical of that too.

I know he is not lying as it match what I predicted, it doesn't seem to be a coincidence. ( should have said there is a high probability he isn't lying)
Also they are better ways to get rich quick than what he did, it doesn't make sense if he was attracted to money.

[JackOfHearts]

There is one thing people may not notice and isn't obvious.
Bitcoin no longer exist anymore, by that I mean the entity that first existed in the beginning is no longer there.
Bitcoin splitted in 2 main group, one is named Bitcoin Cash and the other Bitcoin(core). I think Bitcoin core shouldn't be named Bitcoin anymore as people think it's the same thing when it's not.
The battle between the 2 isn't fair as one retained the original name.

Also I would like to point another thing. LTC is a fork of BTC. Some say it's the name thing so it's useless. LTC is developed by a different team, even if it's the exact same code (its not) pulled from BTC and updated dayly it will never be the same thing.
The team is different, that alone change a lot.
Let's say France president is copying the USA rules exactly like a puppet. France would never be the same even if they copied everything.
With software we would have Centos copying everything from Red Hat source, I haven't use them much but I would bet sometimes Centos is more buggy or the opposite is true even if they are copying every line of code.

Also some of you may acknowledge quantum stuff, and the power of thoughts, or subliminals or the law of attraction. The team behind the projects change everything on another level that most aren't aware of.

Based on that we could even go further by saying Bitcoin became different the day Satoshi left the project.

[JackOfHearts]

I found a good ico that I think have a good potential to bloom:

This is a referral address if you want in:
http://wallet.iungo.network/Referal/a337...dfa1c4427a

The thing is called IUNGO

They have a similar project to Dent, See how Dent is succeful now, that's because they are trying to resolve the issue with net neutrality. This topic is hot and booming right now, which is probably why this project have a high chance of at least making 2 to 3 return after it's launch on the market.
I bought only 10$ of dent when it was low on HITBTC and I have around 100$ now, and this was after the ICO.

I bought for 170$ of IUNGO.

You have around 48h before the 35% bonus ends. They sold for 11M already, soft cap is reach, hard cap is 28M

[Determined]

What does your reading say?