As of 08:00am GMT - This is the state of play, if you want to know in layman terms what this means.....
I set to task last night to try and understand, and transmute into easy to understand what all this SEGWIT means.
PLEASE CORRECT ME IF I AM WRONG - THIS IS NOT GOSPEL AND I WELCOME BEING CORRECTED.
As you can see from the above image, BIP91 has locked in. - WHAT DOES THIS ACTUALLY MEAN?
It alludes that BTC miners (90%) are intending to elicit SEGWIT activation. This, should they continue, make BIP 148 dead and gone.
However, as far as I can understand, this is not yet an absolute certainty. If Miners embed a BIT1 data into there mined blocks, and, if a minimum of 95% of said Miners support, via hash power, the upgrade - it could change. The 95% uptake and has yet to be reached.
I must apologise, I was a week early with my bitshares prediction, and personally, I am still in the red with my modest bitshare investment. I said the second week of July. The rise came in the third week. I advocate holding until January 2018 at the earliest.
As always, tread carefully during these volatile times. Leave your emotions out of it. I have consolidated the majority of my investments into XVG and ANS this week. Cashed out in the green. I am HODLing BTS, PTOY, LSK as well for the LOOOOONNNNNGGGG haul.
After BTC went up 60% this week, I am not sure if this is confidence in the direction of BTC moving into August the 1st, or a last attempt to make some money for the big players.
Good luck all.
