Re: Sleeping giant is awakening?? LTC back to $50 now ??
Here's how the stars can align for LTC:
1) SegWit
2) Confidential Transactions
3) BTC forks and BU becomes the dominant chain
4) Coinbase adds Litecoin (not just GDAX)
1 & 2 alone are a $20 target for me.
Adding 3 is a $50+ target.
4 kind of just reinforces the Core chain dying and being replaced by LTC... core devs can start "fresh" on something that doesn't have the bad stigma of the BU fork, and is already technically better than Core: $100+ (bubble, not maintained)
One can dream right?
We've seen LTC do "this" before, so I also won't be surprised if I wake up tomorrow to $4.50 again, much like I woke up to $7 today.
Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...
1) SegWit
2) Confidential Transactions
3) BTC forks and BU becomes the dominant chain
4) Coinbase adds Litecoin (not just GDAX)
1 & 2 alone are a $20 target for me.
Adding 3 is a $50+ target.
4 kind of just reinforces the Core chain dying and being replaced by LTC... core devs can start "fresh" on something that doesn't have the bad stigma of the BU fork, and is already technically better than Core: $100+ (bubble, not maintained)
One can dream right?
We've seen LTC do "this" before, so I also won't be surprised if I wake up tomorrow to $4.50 again, much like I woke up to $7 today.
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The good news is, it only takes 75% compared to 95% in BTC, but why is it stuck at 22%? and what are the realistic prospects of this changing anytime soon?
Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...
What % would f2pool switching would get the current 22.5% from to?
Also, if the f2pool guy switches to segwit in LTC, how can he defend his anti-segwit position in BTC with a straight face anymore? (edit:I think i get it now from iamnotback's comment above, i thought miners rejecting segwit because of code reasons too)
https://twitter.com/f2pool_wangchun
Looks like they tried to activate segwit in some altcoin called Syscoin.. also you can see the chink wearing a "hard fork cafe" with some guy that I think its some BU developer... geeez fucking trolls.
Im just unsure to get in LTC because who knows if this is another flash pump and dump like the ones we've seen in the past few days. We need to know if there is realistic possibilities to get segwit for a solid pump.