Bitcoin up, altcoins down; bitcoin down, altcoins sink. What’s the point of keeping altcoins?

Serious, not being ironic. I am very new to crypto and I think I am a little late at the party.

We watched a crazy altcoins raise in December but I think that was just because people were looking for the "new Bitcoin". Chasing tenfold gains.

Aside from 'i believe in the technology' I think most of us are here for the money.

To me it's a little difficult to understand why holding altcoins. I had them, but yesterday moved everything to btc and I think I'll leave it all there

submitted by /u/nelito30
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Bitcoin – The Currency of the Internet

As of today, 80% of all Bitcoins that will ever exist have been mined. The next halving is a little over two years away, at which point inflation will fall to 2%. This means central banks can only get at most 20% of BTC supply. Unless you sell it to them for their fiat altcoin.

As of today, 80% of all Bitcoins that will ever exist have been mined. The next halving is a little over two years away, at which point inflation will fall to 2%. This means central banks can only get at most 20% of BTC supply. Unless you sell it to them for their fiat altcoin. submitted by /u/wallyjo3
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Bitcoin – The Currency of the Internet

Analysts Point to Regulatory Vacuum as Driving Australian Cryptocurrency Banking Woes (news.bitcoin.com)

There are increasingly publicized challenges posed to the Australian cryptocurrency industry by the country’s ‘big four’ banks’ refusal to provide financial services to crypto companies. Many analysts are speculating that the issue will become the catalyst for the development of detailed regulations for the virtual currency era, arguing that the opaque nature of the current legislative apparatus pertaining to cryptocurrencies is to blame for Australia’s bitcoin banking embargo.

Bitcoin

Q: When will the Lightning Network be rolled out? A: The rollout has already begun. This is an iterative distributed learning process; it’s unlikely there’ll be a single point in time at which we say LN is “deployed” because it will grow organically. Software is never finished.

Q: When will the Lightning Network be rolled out? A: The rollout has already begun. This is an iterative distributed learning process; it's unlikely there'll be a single point in time at which we say LN is "deployed" because it will grow organically. Software is never finished. submitted by /u/TheGreatMuffin
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Bitcoin – The Currency of the Internet

Bitcoin Price Analysis: Signs of Divergence May Point to Potential Distribution Phase (bitcoinmagazine.com)

After bouncing back and forth from $ 5100 to $ 6100, BTC-USD managed to squeeze out one more (albeit short-lived) all-time high. This article is going to present an update to the last discussion regarding the potential Wyckoff Distribution and provide a more contextualized, macro-view of the current bitcoin market. Before reading any further, I would like to emphasize the word “potential” within the context of this discussion because until the market actually reverses, this is nothing more…

Bitcoin

All signs point to a smooth activation of SegWit. Miners overwhelmingly indicating intention to activate it via SegWit2X, UASF nodes steadily increasing. Huge majority of remaining nodes SegWit capable. Remaining nodes protected by SegWit’s backwards compatibility.

I've been getting a lot worried and pessimistic comments on my posts lately but I have to believe that those are from very misinformed people or intentional trolls.

To see miner support go to the bottom of https://coin.dance/blocks and note that over 99% of blocks are either signalling for segwit already or have indicated they are on board with SegWit2X, meaning they will shortly begin to signal for segwit and reject blocks that don't signal for segwit. So it doesn't look like there will be any chain split that lasts more than one block given that overwhelming support, and those are totally normal splits that get reorganized away all the time.

At https://uasf.saltylemon.org you will see that UASF nodes are steadily on the increase. These nodes will not diverge from SegWit2X miners if those miners simply follow through on their statements.

At https://bitnodes.21.co/dashboard/ you can see that well over 80% of nodes are running Bitcoin 0.13 or higher which means that they will also activate SegWit natively when the rest of the network activates it.

And of course 100% of nodes are going to continue to function fine because SegWit does not break legacy clients.

Oh, and also transactions are all clearing quickly at very reasonable fees.

Network uptime remains at 100% with no interruptions.

It's almost as if sensationalist reports and alarmism get a disproportionately high share of voice.

submitted by /u/logical
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Bitcoin