Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
ddink7
on 13/04/2016, 16:36:39 UTC
I do wonder whether Bitcoin can move up so significantly because its fundamentals are presently rather weak, because of the blocksize issue. Especially when compared to alternative cryptocurrencies like Dash which seem to have solved some of these problems that Bitcoin is currently experiencing. For this reason I am more doubtful then most that we will see the breakout that most people are expecting within Bitcoin at the end of this bullish triangle, though I would love to hear more of other peoples thoughts on this subject. Smiley

I can see both sides. Right now there's a 14k transaction backlog and it's a little difficult to see how price could move up very much with such a clogged network.

At the same time, this summer we have a potential trifecta: SegWit, Lightning Network, and the halving. If the first two go off without a hitch in the expected timeframe (early summer), Bitcoin would have: a fix to transaction malleability and somewhat larger "native" tx capacity, a network capable of handling virtually unlimited transactions per second, and less inflation and lots of hype. Those three put together, if it happens, would be extremely powerful news for the price.