WARNING Do you want to transfer Bitcoin? DO IT NOW! Another slowdown incoming
In these days bitcoin is really slow. Unconfirmed transation number is near to 150K and average transation fees are over $20.
Tomorrow, bitcoin difficulty will increase of 17-19%. This will froze the network, bringing average transazion fee over 30-35$.
Transation will require a lot of time to be confirmed.
If you want some info you can check here https://steemit.com/bitcoin/@marculisse/important-do-you-want-to-transfer-bitcoin-do-it-immediatley-retarget-incoming
Consider that now bitcoin network is producing more than 9 blocks/hour. Fees are lower than in last days and confirmation are faster. Seize the opportunity.. And transfer bitcoin before it is too late!
how backed up? this is an interesting theory.. would you transfer into ltc, monero, dash, ripple, lumen?
the amount of bitcoin traffic right now is unprecedented. So you could possibly be onto something. how soon would you expect to see the effect? immediately? today?
Within 7 days we will see an increase in LTC and Bitcoin Cash traffic.
This will probably trigger a price increase.
Pay attention whey you refer to Bitcoin network transaction number: a lot of them are spam!
would this possibly give any credibility to a irreversible "Flippening" from BTC to bitcoin cash or lite coin? /or will the difficulties just switch back-and-forth as BCC difficulty adjusts more often than BTC, causing variable fluctuations as miners switch to the more profitable coin to mine?
I don't know. But we have to coinsider that, unless there is a lot of new mining power flowing into BTC, at least 13-14 days will pass before another retarget.
14 days are really a long time. A lot of things can happen. Flippening too. But, at the moment, Litecoin is more used than Bitcoin Cash, so maybe we'll have to keep an eye on LTC. Surely Bitcoin Cash taking a lot of miners can worse the situation and slowing the next bitcoin retarget
They should solve this issue before we all switch to LTC
At the moment, segwith adoption rate is frozen. http://segwit.party/charts/#
Lightnin network is still on test.
There is none solution left: they can only scale onchain by decreasing blocktime (and so, Litecoin) or by increasing blocksize (and so, Bitcoin cash). But this means hardfork, and this solution was stopped when 2x fork was suspended.
So, in my opinion, 0 hope.