Bitcoin Forum

Litecoin has gone to $64 all the way from $5. Segwit helped it happen. Will things like support for lightning network significantly assist Bitcoin's price?

Litecoin is the best crypto around, fastest I've ever seem, and very undervalued.

I think it would not happen the same with bitcoin, due to the fork and the ego war.

indeed Segwit boost the price for every coin,
it happen because of 'the lightning network' which is boosting the investor morale.



look at right now,
when was the time it's activated ? and what price it's back then ?
right now we're hitting $4000++ because of it i guess.


i don't think so mate,
because the fastest coin i ever see is Dogecoin.

SegWit is supposed to make all transactions fast and at a lower fees compared to what is imposed now. Hopefully, SegWit will be of benefit to Bitcoin though admittedly there is an ongoing battles in the Bitcoin community right now as there are those who don't fully agree with the way things are and they have their own version of what supposed to be done...hence there can be hard forks along the way.

Hopefully by next year 2018, things can be getting better for Bitcoin and it can finally be able to see its full potential unfolded. We have to stop all the infighting and squabbles and learn to compromise our rigor stand on many issues so that Bitcoin can move on and soar high!

Of course because it not only make the price pump it makes also bitcoin transaction faster than before. I know there will be another good news that bitcoins will have a forked again this few months i don't know only when it is.

For sure we see bitcoin stable at a good price because of segwit's implementation. If not for segwit maybe bitcoin's price is still under 4000$ by now. In altcoin's case IMO segwit is not the only factor that helped it go to 64$ price from 5$, it is just normal that ltc would gain pump after long days of it being stable at a low price. I can certainly say for now that we still doesnt see the support from segwit the slow price rise probably is just getting started.

I think that the litecoin price increase has something to do with the atomic chain swap between litecoin and bitcoin.Is this related with Segwit?I don`t know.The lightning network will boost the bitcoin price in the short term because there are many investors who don`t understand the offchain transaction risks and they think that btc transactions will become faster and cheaper,which isn`t guaranteed.

Or maybe the question isn't why LTC went from $4 to the moon, but why it went to $4 at all?

for most of the altcoins that activated SegWit (i believe there is at least half a dozen of them) it was just a temporary hype to pump the coin. they got pumped 200%-300% in less than a week and then they came back down to their previous old price.

for litecoin things were different. price went up fast and just had a little drop of correction and in the end price stayed up. that is because litecoin has some usages and it has always moved with bitcoin. upwards. and with LN and the atomic swap i am expecting this to be even more noticeable.

as for bitcoin, things are very different. SegWit for bitcoin was like a turning point where the old days of nonstop debate and war ended and there is no longer anything negative that can keep bitcoin back. with the negativity lifting slowly, the price will continue rising. and from now on we will just see good news after good news (with the exception of S2X) and that will only bring more rises.

Almost every crypto currency has a period when its price becomes higher by several times. It is a pity that it is very difficult to choose a coin that can bring such growth. And it is more difficult to wait for this growth and not to sell a coin before take-off

Litecoin has surged because people are using it to move money to avoid bitcoin fees. Nothing to do with segwit (no-one uses segwit on the litecoin network).

Regarding bitcoin, stats show that only 1% of transactions are segwit, it's too complicated for users.

yes.LN will help bitcoin price increase.Knowing that your bitcoins will be instantly transferred to the other party over the trust less channel will help increase the demand of bitcoin as people are more likely to use bitcoin more often.I have read the white paper of LN and it's promising.a network capable of dealing with millions of transactions per seconds is wonderful.

Lightning Network will definitely assist Bitcoin's price, because then (hopefully) the scaling debate will be done with once and for all, as they road will be paved for a non-linear scaling solution that doesn't require any additional hardforks in the future.


There's hardly any SegWit enabled wallets yet, only some that offer it as beta feature. That's why you see so few SegWit transactions. Once wallets use SegWit by default it won't be "too complicated" for users anymore. On the surface the only noticable change will be the changed address format, it's not like using Bitcoin turned into rocket science all of a sudden.


The long, long bear market will do this to a coin. Especially since next to nothing happened in LTC development until SegWit came along earlier this year.

Given that all the wallet providers have known for over a year that segwit was going to be activated, it's pretty poor they didn't prepare and have things ready to go when it locked in.

Segwit that occurred some time ago has indeed made the price of bitcoin increased. Unlike a preliminary estimate which states that segwit can destroy bitcoin prices. In fact today bitcoin prices continue to rise. I think segwit has made things even better.

I think it would. The more features bitcoins receive, the more it will become popular. Since there would be more applications that can be made using bitcoins then it would get a lot more popular. Then you have to factor in the fact that the network will speed up once segwit activates for real. Right now there have been a lot of controversies whenever the memory pools gets filled.

Nobody uses SegWit on Litecoin. It was just the hype around the "SegWit-News".

SegWit wont help BTC in the short term. it will need months until everybody uses SegWit (Like Wallets etc.).

I hope LTC will be obsolete one day, when BTC managed to scale.

I don't think it's "too complicated" for users, today's 1% is mainly due to:

- no major exchange/online wallet have move to segwit address yet;
- Major hardwallet has just released beta version of segwit; I personally only being playing it around, not yet put 100% of fund into a new segwit address, it takes time;

Future is very bright:
- for advanced users, % fee reduction is enough for them to jump on the boat;
- when exchange and online wallets start to use segwit address, it will also boost % of segwit adoption;

Let's hope that will happen because when it comes to bitcoin, it seems everything that is expected to work the right way tends to work otherwise and I won't be surprised if the case of SegWit will be any different but at the same time, there is nothing wrong in being optimistic about the scheme of things and hope for the best because at this time, that is the o my thing I see us doing with all the challenges around.

Segwit helped the bitcoin a little bitcioin, But the litecoin get a lot of impact caused by the price of bitcoin. But the next segwit hasn't yet finished and forget to think about the off-chain development if the on-chain development still hasn't finished. That will take a long time to go for the lightning network.

Don't hate on BTC's little crypto brother! While I don't see many use cases for LTC that BTC doesn't already cover, it's an incredibly useful testbed. Also it's always good to have a backup :)

I agree with everything else you say though. However I'm afraid that SegWit also won't help BTC in the long term, as 2nd layer solutions will be needed for that.

True. Bitcoin fees are just unbelievable these days.

Lightning Network fits nicely in that category. I personally will not have any sort of use for LN, but I am sure others that are primarily focused on convenience and ultra low fees, will love it. I am a fairly simple user that is more interested in the store of value and decentralization aspect. I adapt to every situation - if I need to pay fees of 0.001BTC, I'll do it. If it's 0.002BTC, I'll do it too. But I fit in the minor group of users who think and operate like that. In that regard, I hope that the majority will get what they are looking for in LN. Low cost transactions is a massive selling feature after all.

Do we have a roadmap for LN? I've seen that the first tests have already been conducted on BTC testnet but didn't find any estimates on when the first mainnet transactions will be made.

I personally also am more interested in BTC as a digital store of value, however I love using BTC as a currency. Unfortunately with the current fee market that's hardly viable, so I'm really looking forward to LN and being able to use BTC like in the old days.

I personally think lightening network will be ultimate upgrade bitcoin need to have within next few months, if it will be successfully activated than bitcoin will be first choice for payment because it will be cheaper and faster again.

I think we will easily see price of over $10k per bitcoin when lightening network will be activated.

We cannot argue that the lightning network is indeed necessary for Bitcoin since we experienced bottlenecks on the past transactions in Bitcoin. But will it really affect the price of Bitcoin? For me, it's a yes. If the users or new comers noticed the improvement of Bitcoin when it comes to transaction, then more and more people will be engaged in Bitcoin, thus increase in the demand. As a result, we can see significant increase on Bitcoin's price.

If we think according to how Litecoin spiked from 5 to 65 in a matter of time after the activation of SegWit then Bitcoin should also see a minimum of 50k this year or till the end of next year itself but everything is hypothetical and so results will differ for sure. But it can be seen that the number of unconfirmed transactions decreased gradually and the speed of the network is taking off once again making me feel like it's the rebirth of Bitcoin - kinda Bitcoin 2.0 or Bitcoin Transforming Clash (BTC). ;D
Sole thing that's scary atm is the fee these wallets are charging but (few) exchanges are still fine with it. I hope that once everything settles completely and all the miners have SegWit adopted and implemented, we might see some huge drops in fee amounts.

If it were just to avoid Bitcoin's now high fees, there are a host of other coins to compete for speed and cheaper fees. You can go back memory lane, precisely to see the price of Litecoin prior to 10th May, when the integration took place to rediscover that Litecoin was almost dormant before the activation.

Also Bitcoin was having a free fall middle of last month and respite only came and confidence restored after the proponents of BIP91 started signaling for Segwit. That is exactly the factor behind the impressive performance of Bitcoin till this moment .

Coinbase add is what got ltecoin to $61, not segwit.  ;)

we have just postponed the blocksize problem, because despite we are all hurrying behind segwit, we have just achieved only a part for a massive adoption of btc. blocksize will be again a problem and already we have high (TO HIGH) tx fees. so probably segwit helping btc in these days but in long run we can't see any "real" result.

there might be more segwit that will happen. It's a continuous process since almost everyday,there's an additiinal users that adds in btc demands to increase it's value. I think segwit can always help btc to support btc abilities.

It can create more adoption and awareness of this coin, and Segwit is one of the most awaited event by speculators since I think majority of people believes that there's certain good thing will be happen on these days that's why we can see the domino effect of the price when BTC lock it. And for now we should expect more pump since I really think that we can earn more money by this time.

Just with the segwit implementation the growth took place abrupt, and this has lead to solve several issue starting from transaction fee, the block size issue as well the growth. Also when the segwit was to take effect every users were in panic whether the price peaking happens or not, but to the panic people got a positive response with the price increasing higher. Hope the same will happen in the upcoming days of segwit.

other segregated withness? what you need to hide more? and even this solution how much space could provide to blockchain?
The really obstacle (as I can understand) is the block size. Even if btc would compete against industry of payment (like credit card, paypal and so on) need to process more tx with each block. Or btc could be adopted in another manner, (like off-chain and so on...) or other altcoins.


Tx fees are already bigger as usually. Block size was resolved ? How? 

Yes people is not anymore in panic, we have changed with this softfork btc! But what's next BIP?

SegWit just is a part of the scenario pump the price of Litecoin on crypto market. In my opinion, the main reason helps Litecoin increase up is Bitmain and other service want sell hardware Asic mining with high price, you also see after pumped Litecoin, have many order buy L3+ in that time.

You are right with SegWit for Litecoin - it boosted its price and rating of Litecoin - and LTC doesn't even need scaling upgrade nor SegWit that much.
Secondly, we don't have Lightning Network implemented and we won't have for a very long time.
Additionally, SegWit is not working properly without every device, wallets and basically everything which is not blockchain itself supporting it. It is placebo effect right now.

It already helped bitcoin, people are very happy with the upgrade in the network and the market cap has gone up all this month, so yes segwit helped the price of bitcoin.

This is what I believe though it helped bitcoin as it is now. As the bitcoin value now is becoming increasing and stronger. Then most holders are enjoying their profit.

Bitcoin has gone up a lot already, from $400 to $4600.

I don't expect the activation of segwit to negatively impact the price of bitcoin. I do think that it's probably going to drive bitcoin over the $5k mark in the next few weeks(given Segwit2x goes well, of course), however i wouldn't expect as big pumps as we have seen before.

Maybe another $1-2k pump, and the price will adjust.

Inside a bubble everything looks super nice, just remember that this is probably a bubble and it'll collapse eventually.

Well it already is helping BTC a bit, and the plan of segwit was to help BTC all along so yes it will help BTC. Now already the transaction fees have lowered. But I think it's still too soon to decide if segwit is helping or not.

After the fork, although the segwit has been moved, it also pushed the bitcoin to a higher value. This shows that bitcoin is completely capable of development as any other currency.

Segwit implementation on Litecoin was a lab test for Bitcoin and successfully activation left no one doubt, it was the path to take Bitcoin. The scaling turned from what to do, to how to implement Segwit. Yesterday both Litecoin and Bitcoin were at their best, making new ATHs. But for the possibility of the hard fork aspect of Segwit2x billed for November, would have sufficed to say the lunar trip is finally here.

Lowering of transaction fees and confirmation time are some of the attributes Segwit is bringing on board, it however would not be automatic.

It seems the mentality of trader happy after receive a huge money from Bitcoin Cash.
Because after take profit from free money, they will buy altcoin or simple transfer to Bitcoin again and holding for continue the ride.

I agree with this, I do not know why but despite all the love bitcoin receives in the forum, it seems litecoin does not get a lot of recognition, litecoin is great for the simple reason that it give to us a backup in case bitcoin fails.

Why bitcoin will be fail i think its impossible to happen they are always have a backup for bitcoin every time they are doing something they are testing and save the backup so that if there is something wrong about the upgrade they can be upload the save just to fix and get bitcoin normal again..
So i think LTC will be forever altcoin ..

I’m not saying that bitcoin is going to fail, what I’m saying is that the possibility is there, we cannot ruled it out and in case that happens litecoin is there just in case, that way we do not have to start over once again.

Do you really see litecoin as the bitcoin alternative? Litecoin itself is just a bitcoin clon. It has no special features compared with bitcoin.

I like it too, but I never think it in this way.

I think the fact that Litecoin is a bitcoin clone to be a good thing, until recently we did not knew if bitcoin was ever going to activate segwit at all and litecoin was able to pass it, so if everything fail then litecoin can adopt all of the new technologies we want in bitcoin before bitcoin and see if there is something wrong with it.

Hopefully, segwit helps bitcoin value back uphill. Because, we are all already optimistic that this year bitcoin will look stunning again.

Segwit also worked to speed up bitcoin transactions, anyway since the fork bitcoin went to 4800 worth.
So now the bitcoin price is stable at 3500 is a good time to invest and wait for November fork.

The closer we get to the November the fork the more I’m doubting it is going to happen, the miners may support themselves and they may have the support of big business but most people are not supporting such a fork and I think it is going to fail if they try it.