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Author Topic: Once Lightning Network is broadly available, Bitcoin will skyrocket again  (Read 194 times)
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July 15, 2018, 04:52:24 AM
 #21

Although new coin coins have the ability to exceed bitcoin, but still reputation coin coins can not beat bitcoin. Many people strongly believe in crypto, and they only believe in bitcoin alone, while the other coins still do not believe it.
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July 15, 2018, 05:26:11 AM
 #22

Previously, a network of lightning was promised to be introduced into bitcoin from September. Really still the whole two months bitcoin will be practically without movement? I would like to do it quickly, there was very little good information this year. However, I do not think that bitcoin will rise to 20 000 - 25 000 dollars. It would be nice if he went up to $ 15,000.
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July 15, 2018, 05:42:12 AM
 #23

Speculation doesn't care too much of the development, as long as there's one. Lightning Network sounds great, but there's still a lot of work to be done to see it a stable network everybody can use.
Let's hope that Bitcoin will recover before LN, okay? Smiley

it is not about speculation it is about adoption instead.
with Lightning Network we can open up a lot of opportunities for accepting bitcoin, many people are complaining about confirmation times and fees and a lot of things they don't even understand. if these things go away with LN which is offering instant transactions with little to no fee, then we can see a lot more adoption. and that can help the "skyrocket".

since LN is not something that is going to be finished in a day, I think we will see the rise before LN and then with LN we will see another big rise.

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July 15, 2018, 02:21:30 PM
 #24

The price will sky rocket when the regulations around the major countries will have some clarity and we do not need to wait for the lightening network to see the rise in my opinion, the real reason for the stagnation must be simply because of the lack of clarity from major economic nations and once that is over i am expecting a massive rally.

Also im curious on what this will do to altcoins like litecoin, their strenght is the faster and cheaper transaction. Bitcoin will have these strenghts then too.
I really doubt whether litecoin will have the same strength when it reaches the same number of transactions and use case like bitcoin. Tongue














 

 

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July 15, 2018, 09:29:21 PM
 #25

<snip>

i don't know about skyrocketing just because of LN but what OP means is that LN is an improvement,

OP is very explicit about what he meant.

it is offering something new that wasn't possible for bitcoin. with LN you can now have instant irreversible transactions, micro transactions, with virtually no fees. and it is making a level of scaling possible that was not possible any other way. this can make bitcoin process more TPS than any other centralized payment processor like VISA that people keep comparing bitcoin to sometimes.

that opens up a lot more possibilities for bitcoin as a currency, so it increases its adoption by a lot which in turn leads to price rise.

All great. But is there any real demand for it? Any real business expressed their interest in implementing LN? All I see is "bitcoiners" pitching this idea (to newbies) of LN taking it to the moon, as if there were billions of $ waiting on the sidelines. ready to jump in as soon as LN is 'available'. Many could wake up to the brutal realisation that LN might simply never take off. And in my estimation that scenario is more likely to happen (unless the idea is for it to be "coming soon" forever).

Even taking all the technical hurdles (and flawed economy model) aside, you still have to ask yourself a question is there any real incentive for anyone to use it. The tough part is, you cannot grow it slowly, it's supposed to be a network, you need a critical mass for it to make sense.

The devs and community must accept the possibility of LN (or any other concept) failing in practice, cultist-like approach won't get you far.


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July 16, 2018, 12:57:49 AM
 #26

I think lightning network is going to make bitcoin to another level, one of the major problem that made shop hesitate to adopting bitcoin will gone, it sure can make bitcoin find its glorious day again, once lightning network is being implemented, coin like litecoin wont be used anymore, ltc will become another alt coin that only being used by whales for pump and dump

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July 16, 2018, 04:22:34 AM
 #27

it is offering something new that wasn't possible for bitcoin. with LN you can now have instant irreversible transactions, micro transactions, with virtually no fees. and it is making a level of scaling possible that was not possible any other way. this can make bitcoin process more TPS than any other centralized payment processor like VISA that people keep comparing bitcoin to sometimes.

that opens up a lot more possibilities for bitcoin as a currency, so it increases its adoption by a lot which in turn leads to price rise.

All great. But is there any real demand for it? Any real business expressed their interest in implementing LN? All I see is "bitcoiners" pitching this idea (to newbies) of LN taking it to the moon, as if there were billions of $ waiting on the sidelines. ready to jump in as soon as LN is 'available'. Many could wake up to the brutal realisation that LN might simply never take off. And in my estimation that scenario is more likely to happen (unless the idea is for it to be "coming soon" forever).

Even taking all the technical hurdles (and flawed economy model) aside, you still have to ask yourself a question is there any real incentive for anyone to use it. The tough part is, you cannot grow it slowly, it's supposed to be a network, you need a critical mass for it to make sense.

The devs and community must accept the possibility of LN (or any other concept) failing in practice, cultist-like approach won't get you far.

people always hype up everything a lot bigger than it really is. but that doesn't mean they are 100% wrong. it just means they are exaggerating. of course LN is not this big savior that solves everything and pushes bitcoin price to $100 million and it is not perfect. but it is not as bad and useless as you are trying to say it is either.

as for incentive and expressed interest, you can always check the network and the news to see what is going on. for instance here is a real business which has been accepting LN payments even though LN is not yet ready: https://bitcointalk.org/index.php?topic=4164170.0 and they have reached 1BTC in payments about 2 months ago.
futuristic adoption will be exchanges, gambling sites and any merchant small and big, and i believe one of the biggest things will be using LN with Open Bazaar which makes it into a secure and fast and decentralized market on the internet.

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July 27, 2018, 12:50:47 AM
 #28

The masses or the herd will always be punished by the market because they are dumb money. The 1% who believes in bitcoin, cryptocurrency and blockchain are the contrarians who go against the grain. I don't understand why when btc reached almost 20k last dec 2017 people came rushing in, in the very last moment, when it came crushing down, they are not buying. It still boggles me. This is the perfect time to buy, not when it reached 20k.
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August 02, 2018, 12:55:28 AM
 #29

Just think about the possibilities, this will make look december 2017 like nothing.

Its incredible when talking with no-coiners, how they seem to not understand what will happen in the close future.
Now they are like "i dont need bitcoin" and once the bullrun is in full motion they will be like "i should have bought before".

Oh well i guess this is old news to the veterans here, but i still wanted to bring it here.

Also im curious on what this will do to altcoins like litecoin, their strenght is the faster and cheaper transaction. Bitcoin will have these strenghts then too.
and with this news, I believe and believe bitcoin can not be easily beaten, and bitcoin will remain the world's number one digital money
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September 22, 2018, 02:09:56 PM
 #30

Lighting can affect the price of bitcoin to rise, let's see what happens in the next few months. BTC is a peer-to-peer electronic system introduced by Satoshi Nakomoto in 2009 and can handle The bulk of transactions are without delay and there are no worldwide transaction fees, in all electronic money. The lightning network can take back lost ground in the market,
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September 22, 2018, 07:46:05 PM
 #31

I think that people have too much expectation from the penetration of Lightning Network. Lightning Network  is not a silver bullet and completely does not solve the problem of scalability. I think that Laitning is important, but at the moment I would not expect from this much.

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September 22, 2018, 10:30:30 PM
 #32

well for me i think that bitcoin will soar again before Lightning Network is comprehensively embraced, at that point it will soar again when Lightning Network is adopted that will take years. it isn't something that can occur in two or three months. in any case, the bitcoin rally can come a great deal sooner than that. we have just wound up in a real predicament, you can't anticipate that cost will remain at the base for a considerable length of time!. Hyping couldn't care less a lot of the improvement, as long as there's one. Lightning Network sounds extraordinary, however there's still a considerable measure of work to be done to see it a steady system everyone can utilize. How about we trust that Bitcoin will recoup before LN,
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October 06, 2018, 03:58:58 AM
 #33

I do not agree with you. Applying the lightning network will take time. Although new coins are likely to exceed the bitcoin, coins still have the reputation of not being able to beat the bitcoin. Previously, a lightning network was promised to be put into bitcoin from September. I want to do it quickly, there is very little good information this year. It would be better if he was up to $ 15,000. The masses or herds will always be punished by the market because they are dumb money. I do not understand why when the btc reaches nearly 20k by the end of December 2017, people rush in, in the last moment, when it crushes, they do not buy. This is the perfect time to buy, not when it reaches 20k.
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