Bitcoin Forum

When LN will be there, will BTC go the moon and crush all altcoins on the road ??

That's one of the ones that many people will feel, the taste will happen this year too, bitcoin prices will soar to go back to always be the king for altcoin, I'll wait for the bitcoin increase this year that could exceed last year.

Maybe not to the moon but it will definitely get a huge boost if lighting network is as good as they say.

I think it will really help a lot in terms of alleviating the network congestion and as a result will push the price even further. It really depends on how you define mooning here. But I'm sure that there will be a renewed interest that will comes along with the implementation of Lightning Network. And I don't think that it will crush altcoins, although it may significantly affect how their market goes because there maybe people who will shift their funds from altcoin to bitcoin once again. We all know for a fact that this has been practice by most investors and traders. If they see that bitcoin is moving up, they will dump their altcoins immediately. Let's see how it goes though, we have been hearing that the test was successful. Only time will tell when they are going to activate it with bitcoin. It will not be an easy task in the beginning, but if people find LN a big boost to really help with the high fees and slow confirmation, I'm sure that everyone will be happy to see it doing its purpose as sidechain.

Even with the fix of the scalability issue, I do not think bitcoin will moon too much.
There are a lot of better coins showing up which offers more value than bitcoin when transferring monetary values.

I think bitcoin consumes too much energy to maintain and is kind of wasteful of resources.
Thinking of supporting more emerging blockchain tech like DAG from IOTA and RaiBlocks.

there are a bitcoin block number beyond lightnight will be available??

When LN comes the price of Bitcoin will increase and the price of altcoins will drop down but this means not the end for altcoins.

mmmm... i don't think so.
there are a lot alternative projects..
just think at NEO, like Eth but with 1000 Transaction per sec: ETH mange just 15 trans/sec.
and this it's just the first one that comes to mind.

Adoption of Lightning Network by bitcoin will be the greatest landmark in the transaction of bitcoin which will invariably put to an end scalability problems.
Although there is a widespread belief that LN is centralized which is against the core objective of bitcoin "decentralization"

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Guess what it is?

Definitely,it will help bitcoin usage to go back to mainstream again but at the same time,it will not crush altcoins.But altcoins may suffer a small dip in price due to the bitcoin rally.I think that the lightning network should have been activated much before so that all these big issues of higher transaction fee and late confirmations would have been avoided in the beginning itself.

Sometimes I feel as if the Lighting Network is a unicorn that we are hoping and waiting to see.... Have you guys ever seen "Charlie the Unicorn" on Youtube? LOL! Pretty funny if you are into that kind of silly humour.

The main purpose of lightning network is to speed up the bitcoin transaction speed with zero transaction fee. Once the lightning network is fully implement on bitcoin network a lot of things are going to change because bitcoin is going to be faster, stronger and smoother than ever.

bitcoin on its worst days was surging in price , so yeah logically bitcoin should moon if lightning was applied successfully
and yes many altcoins gonna be dumped so hard , cause we saw a lot of pumps recently with no reason at all beside using the famous sentence " bitcoin isn't usable , this alt has cheap transactions and it gonna replace bitcoin " 

If lightning network can solve the recent problem of bitcoin so no doubt bitcoin will go to the moon again and break all the time high of its price in 2017. I believe this will happen. Just the matter with time. Now its running already started.

Bitcoin really needs that not just for going to the moon , but just for stable operation. Now is it horrible. mempool is always full, fees are high, that makes the transfers of 15-20$ in BTC value not reasonable. I don't tell about 200-300 dollars , but 10% of fee is unpleasant too.
I believe if LN comes the last BTC forks will go down and stay there . BCH for example.

Do you really want to bitcoin go to the moon in the expense of all altcoins that they should bleed? You should think that altcoins also contributed for stability of bitcoin in which everytime we need fiat we will force to sell our altcoins to buy bitcoin for fiat. You should consider too that if bitcoin will become very expensive to purchase most of the investors will shift to altcoin in which cheaper to purchase than bitcoin.

HAHA yes I have that is a epic mini clip series ::). It does kind of feel that way but I think that is because in crypto we are spoiled and used to getting news and updates all the time that it feels like it is taking forever. It should happen this year though but I am speculating and there always can be delays.

If it ever comes then bitcoin prices will go to skies for sure. Moon will stay far behind. ;D

Will lightning hubs in the USA be able to provide services for sanctioned countries, like say Russia?

if they will able to feed thousands of transactions for a sec, it will rea ch mass adoption for sure!!

I think so. Bitcoin in no doubt is the king of cryptocurrency. Once the slow processing of payments and high processing fee is taken care of, then there is no stopping to bitcoin.

I would think so. I'd say it's hardly even speculation.

Should the Lightning Network work as intended, which is to make fees drop and make confirmations nearly instant, it's going to render nearly every altcoin on the market obsolete. Sure, they may also be fast and cheap, but why use them when you could use the most popular and most valuable one? Altcoin money is sure to flow into Bitcoin, and it will be more popular than ever with actual capability of competing against Visa. Some altcoins with niche uses like Monero may survive, but Bitcoin Cash and the like are going to bite the dust.

but lets see if we actually get to the implementation. suffice it to say the controlling stake in mining has opinion about this; and most of the reason we have not seen this or an alternate implementation already is because of politics.

we dont really have a choice but to adopt this. and of course, the price wil rise, despite the fact that it is seemingly elevated with no reason already. hell, we saw a spike during a fork; you cant really put anything past the enthusiasm level at this point.

Apparently, this will be the entry price to mainstream adoption. Absolutely wonkers, but these are the times.

Definitely yes! Bitcoin price and acceptability both will increase if lightening network is implemented. It will put an end to the bitcoin scaling issue and put bitcoin on the right path. However, I doubt other coins will be much affected. Especially those with good technology and near instant transactions. WIth the increase acceptability of bitcoin, other altcoins will also receive investment. Because bitcoin is the pioneer of crypto currencies. Yes, the altcoin market will take an initial hit, but will come back on track in no time.

When lightening network is implemented almost all of the issues bitcoin is showing at the moment when it comes to transaction charges and transaction delays will be solved and that is the only issue we are having at the moment and when that obstacle is sorted out then the price will start moving up from this position and i am sure we will see a big rally when the news comes out about the implementation .

Its sidechains, so it depends on how the 2 channels open their transaction.

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However, just what has everyone pointed here, it would really bring the price to the next level if the implementation becomes successful. The issues has been irritating us that we need a resolution ASAP. And those who are complaining can't have reason to attack bitcoin because of its high fees. Maybe we can convince them to go back to the ecosystem because LN has already resolved the issue. Let's see how it going to be. A bull run is coming if everything went smooth during its activation.

I think that initially, public adoption of Lightning will cause a bear market in most altcoins. It will probably cause a reversal to the falling trend of "Bitcoin dominance." And in the end, I think it will crush any altcoin that has no other selling point than fast/cheap transactions.

However, it's important to note than the altcoin realm is becoming much more diverse than simple payment/messaging protocols. We are talking about decentralized exchange protocols, privacy mechanisms that could take years to implement in Bitcoin, alternative governance mechanisms, decentralized lending, and and other protocols/suites that can offer lots of new use cases that Bitcoin doesn't address right now.

Rootstock did recently launch on Bitcoin. It's in limited release right now (not public), but it's on the mainnet and could offer scalable sidechain transactions and smart contract functionality in Bitcoin. That could cause even more downside pressure on the "fast/cheap transaction" altcoin niche as well as the Ethereum and Ethereum-clone "smart contract" niche. Interesting times ahead!

There is no exact date when it will be implemented, it's still a secret, maybe few weeks, maybe few months, or maybe few years.
a speculation about the lightning network; miners don't want it to be implemented.
Why not? we pay huge fees and miners take it, they make a lot of profits obviously by let us choose to pay a higher fee or waiting for days for transactions to be confirmed.

That's a good thing right now. It could be the answer for transaction speed that BTC needs. It will have to prove itself though. But once it did, I don't mind the extra charge as long as the TAT is faster. It will definitely bump up the price of BTC!

Unfortunately it seems that BTC price is affected by a lot of things which aren't related to the actual demand of the coin. The transactions will be easier and cheaper that's true but that doesn't nesseceraly mean the price will moon becauae it's controlled by whales and goverments who constantly manipulate it.