The world keeps on underestimating Bitcoin. The irony of these moments is inescapable. The size, strength, and financial commitment of the numerous small owners of BTC is greater than it has ever been, and its adoption, though nowhere near where it can be, has progressed steadily.

My money is on the large masses of the small, unbanked, and suppressed.

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

We are in the cleansing phase of crypto – where the alts that should never have had high value are steadily bleeding out. This cleansing is a necessary step to enable the next step up for Bitcoin.

In the past 30 days, Bitcoin is up 7.2% and only 5 coins have performed better than Bitcoin in fiat value change. And of those, only Litecoin has a market cap that puts in among the major coins. All other coins have lost value compared to Bitcoin. During this same time that Bitcoin is +7%, Bcash is -20%, for example.

https://www.livecoinwatch.com/

This phase is a healthy and necessary and welcome cleansing of the market. When it completes, Bitcoin will take its next leg up in value to new ATH.

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

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