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Segwit

Second Layer Solutions: Good or Bad for Crypto?We all hear about segwit and what coins have activated it recently, but what is it, and is it really helpful? Does it add value to bitcoin or other coins? What can you do with it? Is it secure? Does it lead to centralization? These are the main points of contention with second layer projects and we will discuss, in short, the reason for these solutions and the myths surrounding them. When we hear segwit a lot of people instantly think of the lightning network when in fact lightning network is just one solution using segwit to create a second layer solution. These second layers can be thought of as running along side bitcoin and checking in with the main blockchain every once in a while to make sure they don't have any discrepancies. This actually helps blockchains like bitcoin not get too bogged down with every tiny transaction and allows wallets to trade many transactions before bringing them to the blockchain as one big transaction. There are claims that anything not run on the blockchain is not as secure. This may be slightly true but I am of the opinion that blockchain is too secure. Is there a such thing? I believe so. If you are buying a coffee and you have 50$ tied up in your lightning network wallet it is still almost impossible for anyone to steal those funds without signing the transactions as you and then cashing out to the main blockchain. Do you really need the full power of the mining network to verify every time you paid 5$ for a cup of coffee? Or is it more convenient to store up many coffee purchases with the risk that maybe 1 or 2 did not go in your favor and have the option to cash out when you want? Perhaps the coffee was too cold or you don't want to deal with a particular shop anymore. You just cash out the coins in your open channel and the blockchain records them as being in your wallet. Anything both parties signed for is transacted and you are free to part ways. This is analogous to what we do in our everyday lives. We transact and make agreements everyday. If there is a dispute or someone doesn't hold up their end of the bargain, we go to court. The court represents the blockchain. It is costly to go to court but it is super secure and absolute. The transactions we do everyday represent second layer solutions. Many transactions can be made and then taken to court to make them official when we want to solidify them or if we have a dispute. This costs us a lot less in lawyers (miners) fees. This is the most popular and widely talked about example of a second layer solution. Smart contracts are another. I'm not going to go in depth on smart contracts except to say that they are pieces of code that can be recorded and executed when certain requirements are fulfilled. These pieces of code can reside on the blockchain so that you know your agreement is secure and that the code will successfully execute the way it was agreed upon at the time of signing. This is very useful for allowing two parties to agree on terms of payment without needing a third party to hold the funds for them. Atomic swaps are another second layer solution. Atomic swaps allow one coin to be directly transacted for another based on an agreed upon exchange rate. That means I could pay someone in bitcoin and they could choose to receive it as litecoin. This has huge implications when it comes to the roll of exchanges and how people currently trade. Now that you have a general idea of what second layer solutions can do, can you see how helpful they are?
BITFINEX:BTCUSD
by dsap4004
3
Is May the Month for Crypto's? BTC Bullish outlook opinion. BCH!I believe the bottom is in. 7.6k is possible to retest, but I believe BTC will be starting it's parabolic logarithmic run by may. (BTC) Core is a fork of Bitcoin Cash (BCH) technically speaking and according to the white paper. A "peer to peer based electronic currency" Not a middle man system like the Lightning network, with an inherent security risk, and complexity and fees added to bitcoin (core) through the control of a software company that latched onto bitcoin called block-stream. Bitcoin is not supposed to be controlled or owed by anyone, and miners are supposed to have the power to vote on updates and changes. In this case Some miners choose block-stream's lightning network software and seg-wit (because of heavy propaganda on various sites including r/bitcoin) and many miners saw that the coin that is running as designed and outlined in the white paper is the true bitcoin. Bitcoin Cash. Which is my opinion as well. You can find mostly honest discourse on r/btc if you google it or know what it is, free of mass bans on users because of opinion unlike r/bitcoin which overwhelmingly supports BTC Core. If you mention Bitcoin cash in any type of light that is contrary to popular opinion there you will get banned. Bitcoin core (BTC) represents the majority of the market (because of it's price) and is excellent for predicting new growth in the whole market. Many coins will out perform and many coins will under perform against BTC. BCH Bitcoin cash is one of those coins that will outperform BTC because of it's far lower valuation of what is more then likely a more popular (transactions and use) and a more powerful "alt-coin" as they may call it, will eventually outshine Bitcoin core and will eventually surpass it in value. Anyways this is not financial advice, nor is a recommendation to buy or sell. Please seek that elsewhere. This is only my opinion which can be wrong.
BITSTAMP:BTCUSD
by Mikelikescrypto
Kryptokelly's history with Litecoin and where to next!Litecoin has been incredibly good to me. Today I bought back in as I see potential for some more huge increases :) Fundamental To back it up, here is the previous trade ideas: "Coinbase money may be dumb, but oh so powerful!" (Third) "Hodl those Litecoin's, impulse wave is forming again!" (Second) "Let's Segwit This Coinbase Addition!" (First) Today I am adding Litecoin to my portfolio yet again! If you see the latest update on previous trade idea: You can see that the buy area I draw was actually a perfect place to take out some longs. However, I was on vacation during the most part of correction, and when I got back it was time to go from 30 to 20 coins ( because of large increases ). It just wasnt room for it, but today I had to buy. It's added in my portfolio spreadsheet . The coin that had to go was Enjin ( 1364% profit ) The thing that pushed me over the edge today was Charlie Lee's Tweet . 95% of Litecoin's marketcap has been sent on it's blockchain within the last 24 hours. Bitcoin (15.66%) - Bitcoin Cash (13.95%) - Ethereum (19.51%) - Dash (3.28%) - Litecoin (94.64%) That's huge! To me, it looks like Litecoin has become the favorite coin for traders/investors to send funds around exchanges. Personally I have also received a good portion of Koinworld payments in LTC after I activited it. Bitcoin is expensive and slow, Litecoin works fine. When lightning and all that comes more into play, Litecoin could lose marketshare, but that's in the future. I will keep updating this chart for as long as I hold Litecoin :) And oh! We also got an exchange launch by the japanese entertainment conglomerate, DMM. New's Article. 7 Crypto's added, Litecoin included. Could provide some gains for all the pairs. Exchange is launching 11 January. If you look closer into the exchange rates you can see a couple bullish points as well. One , Coinbase leads in volume. That means new money is buying it. Two , Korea has 42% premium on Litecoin and 37% premium on Bitcoin. Not a very big difference, but it could be a sign from Korea on high demand for LTC. Technical I've found a new channel, and I like it. Could provide some short term trades in the future. You can also see I've included a pitchfork to help out with finding those short term trades. If you look at the little red box in middle of chart, it's areas like that I like to either sell for good or trade. Resistance from top of channel, resistance from 0.618 of pitchfork and there is the 1.618 fib from last bullrun. Though, I think we could go higher then that in the mid term. My final target is right below the 3.618 from last bullrun, at 1350 USD
COINBASE:LTCUSDLong
by Kryptokelly
74
.02BTC - LTC's Glass Celing Image is self explanatory, even breaking .02 isn't a guaranteed breakout as seen in the past, but the upward pressure is there over the last year. Think of LTC being seriously undervalued over the years and more falling upwards in it's recent sudden rise to 400$(GDAX). LN and Atomic swaps will make LTC among others exclusive members of the segwit club with BTC as the daddy of them all, not bad company to keep. Two weeks over .02 anytime soon, and we're going to see some seriously insane action.
Long
by Rotox
BTC - Bitcoin fork, what to do? - AltcoinsOk so the segwit2x fork is going to occur within few hours. Every person holding BTC will receive B2X with a 1:1 ratio. Meaning if you have 1 bitcoin you will receive 1 B2X. If you have 0.3 BTC you will get 0.3 B2X. No you don't need to do any action to get the B2X coin. After few weeks from today exchanges will start adding B2X so you will be able to trade it. Current price of B2X is 382$, this however will change a lot later on. Ok so if you have any alt coin right now, at the time of the fork you won't get B2X. Because of that I'm expecting alts to go down as everybody is trying to get the free B2X coin. Then right after the fork they will reinvest in alts. Also BTC might start its correction/price retraction right after the fork. Personally I'm going to stay away from alts until the fork is over then determine what to do after based on the situation. DCFreak.
COINBASE:BTCUSD
by DCFreak
43
LTC Head and Shoulders or something else?From our 1 day (24hr) Litecoin chart we can see we have formed a somewhat Head and Shoulders pattern. I do expect to see a drop but I don't think by a whole lot. My reason behind that is because the Total Market Capitalisation of the entire market hasn't really gone up or down enough, its been rather similar even though the alt coins have taken a bit of a hit. While they've gone down Bitcoin has slowly gone up. The most logical exploitation I have for that is because for every Bitcoin someone is holding on October 25th they will receive 1 Bitcoin Gold (BCG). Basically it seems people are converting back to BTC in hope that these coins will be worth something when released. Then there is another hard fork in November which again could mean more free coins. The risk is though unlike with the Bitcoin Cash hard fork is a price hasn't been set yet so they could "open at 0.02 or they could open att 0.0000002." and that was coming from one of the developers. Thgy then go on to say that obviously they believe in their product and think it could be a true contender with Bitcoin (but everyone says that.) You wouldn't watch a T.V show if the commercial said "this season is maybe the 3rd biggest and best season so far, cause we all remember season 2 was sick!" no its always "This is the most epic and adventurous season yet!" But back to the Litecoin business I reckon while the focus is on withdrawing from alts and putting into bitcoin, if you're like many maybe try get a few sneaky bitcoins saved up but be ready to spend them back on alt as soon as your locked in too get BCG. If you can move some things arounf and don't wanna risk losing on the massive bounce thatll come, maybe sell some portions for some Bitcoin and try either get some fresh money in btc or alts while alts are down. If your an OG sit back relax and look for some cheaps allts you know will bounce after this *cough litecoin cough monero cough IOC 20daays til DION wallet release cough IOTA cough* sorry for my coughing. So im going short in the short term until this Segwit saga is over. Then I'm long as over the 3-6 month period.
by donmecha
LTCUSD to new ATH? Triple digits by end of 2017?LTC fell out of the blue channel, then out of the red ascending wedge, but is still within the red channel. Using ALL TIME high and low for the fib retracement. LTC just made a strong move away off of trend line b and breached above trend line a, which is now support as we consolidate between trend line a and the 100% fib retracement (ie. the all time high). Support is then found at the 76% fib and support line b. It will take a very strong move to get back up into the ascending wedge before the apex Bear div on the RSI interrupted by this recent move toward the ATH and now its back above 70. Cloud spans, cloud relative to price, conversion relative to base and lagging spans are bullish Could see short term pullback near the ATH, but for a longer term trade I think LTC is heading up
KRAKEN:LTCUSDLong
by FOMONOMO
3
Segwit activated now what?Segwit activated now what? Segwit was successfully activated at block 481,824 as expected, this will be good (hopefully) for BTC on long term but those kind of events in cryptocurrency are bearish in short term (after Segwit activation). Price could fall to 3800 again as another corrective wave (or even more). In bullish scenario price could simply go to moon as segwit activated "hype" up to 5000 before another strong correction. Note: Trade at your own risk, this is an especulation
BITFINEX:BTCUSD
by carlosdelagarza
Interesting developmentAs segwit 2x comes closer uncertainty in the market seems to be increasing. Litecoin and XRP are the two fastest mediums back to fiat From experience I usually purchase one of these; including Ethereum in order to transfer my funds in and out of the market. Now this is just an observation, but judging from the recent spike in ETH, XRP and LTC just days before Signaling for segwit starts. It seems that investors would rather hold fiat until things smooth over. I'm holding a few alts still, but I am mostly back to fiat as well because I am unsure how segwit2x will play out. However, I have my eye on BCH and will be looking at key levels for buying more alts even cheaper from weak hands.
by pAulseperformance
2