Segwit helping BTC

[HeRetiK]

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.

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.

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[lumeire]

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 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.

True. Bitcoin fees are just unbelievable these days.

[1Referee]

However I'm afraid that SegWit also won't help BTC in the long term, as 2nd layer solutions will be needed for that.

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.

[HeRetiK]

However I'm afraid that SegWit also won't help BTC in the long term, as 2nd layer solutions will be needed for that.

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.

[amacar2]

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?

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.

[rb26]

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?

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.

[Stedsm]

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).
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.

[Victorycoin]

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 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).

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.

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

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 .

[chesthing]

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

[carcassone]

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.

[Blamsud]

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.

[senyorito123]

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.

[KennyR]

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.

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.

[carcassone]

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.

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.

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.

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?

[fearcoka]

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?

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.

[maku]

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?

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.

[winterland]

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?

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.

[carriebee]

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?

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.

[btcney]

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?

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.

[jtipt]

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?

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.