Currently, Bitcoin can handle about five transactions per second. That was fine in Bitcoin’s infancy. However, if you compare it to Visa’s average of 2,000 transactions per second, you can see Bitcoin’s capacity is not enough for the future and it’s causing Bitcoin transactions to take a long time.
The August 1 change could be a blessing or a curse for you. Read on!
I am expecting Bitcoin and altcoins to maintain current price levels or drop until the debate on SegWit is decided. Then I expect a very quick rise and for Bitcoin to trade over $3000 before the end of the year.
I expect that SegWit will be accepted. On the Bitfinex exchange, you can buy tokens for only one of the possible future coins. People are paying $2250 for Bitcoins after SegWit and $235 for new Bitcoin Unlimited coins. That means the vote is nine times larger for adopting SegWit.
What should you do about the upcoming change? Read on!