Will lightening network become reality?

[Enki369]

The way I see it without the lightening network BTC will struggle.
If lightening comes into play and works BTC would make a great investment if you buy it in this bear cycle.
In my opinion we might see a low of 6500 approx over the next few months because of Mt Gox.
Looking for long term strategy to jump in...What do you guys think.
Or, should I look at another coin?

[1715345758]

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[Yaunfitda]

The way I see it without the lightening network BTC will struggle.
If lightening comes into play and works BTC would make a great investment if you buy it in this bear cycle.
In my opinion we might see a low of 6500 approx over the next few months because of Mt Gox.
Looking for long term strategy to jump in...What do you guys think.
Or, should I look at another coin?

As far as I know there is no implementation release date yet but it has its beta release on March 15. The devs are really trying to stress test the system so that we can say that it will be very stable when it will finally be rolled out.

Yea, totally agree with you that it will really push bitcoin and maybe see another massive bull run. But I disagree with your thoughts of seeing bitcoin going to $6500. There are strong support at $8500 already so I don't think it will go further than $7K-$7500.

Well Bitcoin is good for long term so why invest right now when the price is still very cheap and see it grow exponentially in the next couple of years?

[k@suy]

The way I see it without the lightening network BTC will struggle.
If lightening comes into play and works BTC would make a great investment if you buy it in this bear cycle.
In my opinion we might see a low of 6500 approx over the next few months because of Mt Gox.
Looking for long term strategy to jump in...What do you guys think.
Or, should I look at another coin?

As far as I know there is no implementation release date yet but it has its beta release on March 15. The devs are really trying to stress test the system so that we can say that it will be very stable when it will finally be rolled out.

Yea, totally agree with you that it will really push bitcoin and maybe see another massive bull run. But I disagree with your thoughts of seeing bitcoin going to $6500. There are strong support at $8500 already so I don't think it will go further than $7K-$7500.

Well Bitcoin is good for long term so why invest right now when the price is still very cheap and see it grow exponentially in the next couple of years?

It will happen, its started since last year but it did not happen. Many people are expecting this, but it did not happen.Hope this time this will be implemented and we will see bitcoin price will shoot up.

[Enki369]

The way I see it without the lightening network BTC will struggle.
If lightening comes into play and works BTC would make a great investment if you buy it in this bear cycle.
In my opinion we might see a low of 6500 approx over the next few months because of Mt Gox.
Looking for long term strategy to jump in...What do you guys think.
Or, should I look at another coin?

As far as I know there is no implementation release date yet but it has its beta release on March 15. The devs are really trying to stress test the system so that we can say that it will be very stable when it will finally be rolled out.

Yea, totally agree with you that it will really push bitcoin and maybe see another massive bull run. But I disagree with your thoughts of seeing bitcoin going to $6500. There are strong support at $8500 already so I don't think it will go further than $7K-$7500.

Well Bitcoin is good for long term so why invest right now when the price is still very cheap and see it grow exponentially in the next couple of years?

Thanks

It will happen, its started since last year but it did not happen. Many people are expecting this, but it did not happen.Hope this time this will be implemented and we will see bitcoin price will shoot up.

[roshanface123]

If the lightning network cone, in reality, it's very good to do transactions very easily and this helps to make up a hike in bitcoin demand.In every case spread delivery and user satisfaction is the main ingredient to be a success in every field.Me and every bitcoiner are waiting for this, and I wish may this come in very soon.

[pey]

I am sure that it will happen, this is why I am investing in bitcoin now. When that happens it will be higher than $50.000. It will be probably world's only cryptocurrency with lightening network and others will be trash.

[Enki369]

I am sure that it will happen, this is why I am investing in bitcoin now. When that happens it will be higher than $50.000. It will be probably world's only cryptocurrency with lightening network and others will be trash.

I hope your right!

[mindrust]

The way I see it without the lightening network BTC will struggle.
If lightening comes into play and works BTC would make a great investment if you buy it in this bear cycle.
In my opinion we might see a low of 6500 approx over the next few months because of Mt Gox.
Looking for long term strategy to jump in...What do you guys think.
Or, should I look at another coin?

It is already reality: https://lnmainnet.gaben.win/

There are more than 1000 main net nodes right now. Sure it doesn't have an end-user friendly GUI which does everything automatically yet but these things take time. I'd prefer to see a bug-free version later rather than having an unsecure version now.

Why would you look at another coin? Are there any alternatives with better promises than bitcoin? Don't think so. Well, maybe byteball.

[TerranceBug]

I think that once it gets launched, it will sole a lot of problems in the cryptocurrency, thus, it may become the new trend.

[Rath_]

Lightning Network was launched quite a long time ago on Bitcoin testnet. Now, it is available also for mainnet. As someone mentioned earlier, there are about 1000 nodes right now, it's a huge number especially if you take into account that there aren't many services which accept Lightning Network payments. It is probably because it's still experimental feature. A few days ago, lnd released first easy-to-use mainnet client for Lightning Network. I still haven't tested it since I don't have a local copy of a full node.

I have tested Lightning Network when it was only available for the testnet and I was amazed how fast BTC payments can be. You still have to broadcast a transaction when you open and close channel but it is definitely a huge step forward.

[Enki369]

Lightning Network was launched quite a long time ago on Bitcoin testnet. Now, it is available also for mainnet. As someone mentioned earlier, there are about 1000 nodes right now, it's a huge number especially if you take into account that there aren't many services which accept Lightning Network payments. It is probably because it's still experimental feature. A few days ago, lnd released first easy-to-use mainnet client for Lightning Network. I still haven't tested it since I don't have a local copy of a full node.

I have tested Lightning Network when it was only available for the testnet and I was amazed how fast BTC payments can be. You still have to broadcast a transaction when you open and close channel but it is definitely a huge step forward.

Thank you

[leviathon]

While lightning network sounds great but it has its own side effects too. Lightning Network is flawed and likely vulnerable to DoS attacks. The Lightning Network implementation written in C – runs into segmentation faults pretty frequently and “when it’s not crashing payments fail more often than not.

[daarul50]

Although we move the asset to another coin the result will remain the same because the other coins are the price movement still follow the bitcoin that always dominate the crypto. It seems we should wait a little longer to see a significant rise in bitcoin prices since the decline caused by sales of 300,000 BTC made by Mt. Gox a few months ago and maybe the current network of lightning bolts are going to be a way out of the current bitcoin price reduction issue.

[St4yInTh3D4rk]

The way I see it without the lightening network BTC will struggle.
If lightening comes into play and works BTC would make a great investment if you buy it in this bear cycle.
In my opinion we might see a low of 6500 approx over the next few months because of Mt Gox.
Looking for long term strategy to jump in...What do you guys think.
Or, should I look at another coin?

Bitcoin is the best coin already so don't think twice to invest on that coin and no other alternative for bitcoin was found.

But lightning network is not a problem for now already the fee is very very cheap so you can make the fster transactions even without LN but I hope lightning network will be implemented by end of 2018.

[bobo012]

It is young at the moment, but we already have more than 2000 chanells, and 4 lapps! I can see it getting traction somewhere in 2019. It should be great addition to the main blockchain

[Rustamm]

I am sure that it will happen, this is why I am investing in bitcoin now. When that happens it will be higher than $50.000. It will be probably world's only cryptocurrency with lightening network and others will be trash.

The price of bitcoins is influenced and will continue to be influenced by several opposite factors. Yes, the network of lightning is promised to be introduced in large numbers from September this year and this can give a strong impetus to its development and growth in price. On the other hand, Mt. Gox from Tokyo, in September, can again throw out its 180,000 bitcoins on the market, and then bitcoin is likely to fall even with the lightning network embedded in it. In addition, recently there was information that he was already going to do it and was preparing his first shipment of 7,000 bitcoins. Therefore it is rather difficult now to say what will happen to the bitcoin price this year.

[SUDARMONO]

You're better off investing in bitcoin at a very low current price, or you can buy bitcoin and then you buy another coin with bitcoin, and it will give you multiple benefits when the same coin rises in price.

[jonloner011]

Heard about some beta tests on lightening network already. Many found it amazing while there were some flaws too. So, I believe it’s not far when we will see a complete lightening network serving us amazingly.

[MoeKaloolon]

I believe the lightening network will become a reality soon but they just need to work out a few kinks to make sure it runs as smooth and as fast as  they promised users.

[Enki369]

I am sure that it will happen, this is why I am investing in bitcoin now. When that happens it will be higher than $50.000. It will be probably world's only cryptocurrency with lightening network and others will be trash.

The price of bitcoins is influenced and will continue to be influenced by several opposite factors. Yes, the network of lightning is promised to be introduced in large numbers from September this year and this can give a strong impetus to its development and growth in price. On the other hand, Mt. Gox from Tokyo, in September, can again throw out its 180,000 bitcoins on the market, and then bitcoin is likely to fall even with the lightning network embedded in it. In addition, recently there was information that he was already going to do it and was preparing his first shipment of 7,000 bitcoins. Therefore it is rather difficult now to say what will happen to the bitcoin price this year.

Excellent post...your thoughts are what I am thinking also.