Friday, 1 March 2019

I can't wait for Bitcoin Core blocks to fill up again.

From the Bitcoin Core average historical block size chart, the 1MB ceiling was hit in March and December 2017. Recent growth also suggests the 1MB ceiling may be hit again in the coming months.

There is correlation, and almost certain causation, between full blocks in Bitcoin Core, and an increase in the use of other digital currencies. This can be seen clearly in the drop in BTC Dominance and rise in other coin dominance during these periods of March and December 2017 in the historical dominance chart.

As with all bull runs, the next bull run in crypto, if there is one, will be funded by increasing user adoption, which will require block space. Since Bitcoin Core does not have the block space to support another price bubble, it appears that the next bull run must occur in currencies other than Bitcoin Core.

Bitcoin Cash is better poised to capture the bull run overflow from Bitcoin Core more so than any other digital currency, because (a) it currently has the lowest fees, (b) it has the most available block space, and (c) it is programmatically very similar to Bitcoin Core.

The time to own Bitcoin Cash is now.

submitted by /u/mickeybob
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source https://www.reddit.com/r/btc/comments/avwyd8/i_cant_wait_for_bitcoin_core_blocks_to_fill_up/

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