Topic: 100,000 LN Nodes, $100,000 BTC price: 2021 prediction - page 2. (Read 373 times)
Lightning network is not much of a deal from a trader's perspective, don't ya think? I'd be lying if I say I know alot about lightning network but from what I know, it is yet to be launched fully in implementation. And 100k is too much of a random speculation, unless there are more facts that make it so. Like any sort of survey or article? I'd be surprised if we even hit 50k because you know how crazy stupid things people are up to.
LN is the main focus right now, but in the coming years we'll be seeing more off-chain layers contributing to more usability, so I see it just as the first initial step towards more bullish developments we'll be experiencing.
I do agree that LN is a major potential price driver, but it will be mainly in speculative terms, which as we have seen throughout the years, hasn't exactly been a reliable and sustainable form of increase.
I rather see the price go up steadily than focusing on certain events feeding more speculation and dumps afterwards because people expect far too much to happen, which basically happened with SegWit as well.
I do agree that LN is a major potential price driver, but it will be mainly in speculative terms, which as we have seen throughout the years, hasn't exactly been a reliable and sustainable form of increase.
I rather see the price go up steadily than focusing on certain events feeding more speculation and dumps afterwards because people expect far too much to happen, which basically happened with SegWit as well.
By 2021 I predict big companies like Steam, eBay or even Amazon starting to accept Bitcoin payments through a much more robust and user friendly LN. Coupled with the store of value properties which will remain as solid as always, the combination will make the price go beyond $100,000.
Hard to time it, but three years is definitely possible. The supply is so limited and blow-off tops are so unpredictable that tagging $100,000 was possible this year (though clearly won't happen now). But that's the thing about hype cycles. Fundamentals aren't very important during strong trending markets.
Anyway, I think Bitcoin's headed there regardless of Lightning.
I wish you are right - but that scenario is overly optimistic. Steam used to accept Bitcoin and that option has been removed some time ago.
There is no telling if Gabe will be eager to accept Bitcoin again anytime soon, if ever.
There is no telling if Gabe will be eager to accept Bitcoin again anytime soon, if ever.
Caring about merchant adoption? What is this, 2014?! If people are adopting BTC as a store-of-value (rather than a micropayment rail) then we don't need Steam et al.
By 2021 I predict big companies like Steam, eBay or even Amazon starting to accept Bitcoin payments through a much more robust and user friendly LN. Coupled with the store of value properties which will remain as solid as always, the combination will make the price go beyond $100,000.
I wish you are right - but that scenario is overly optimistic. Steam used to accept Bitcoin and that option has been removed some time ago.There is no telling if Gabe will be eager to accept Bitcoin again anytime soon, if ever.
LN on paper seems amazing concept - but we could say the same about SegWit and we all know what happened and how difficult it was to introduce it.
Not really, even if LN fails, the fundamentals of BCash are already broken at layer 0, Bitcoin would remain the #1 store of value. If people are stupid enough to go all in on BCash, it will be a matter of time in which BCash gets attacked. The only reason the network hasn't been attacked is because nobody cares.
Lightning Network + Halving than we will see above 50k very easy.
until Lightning Network i dont see any chance to go over 15k
until Lightning Network i dont see any chance to go over 15k
one tx censored and banned and it's over for this "system"... and bcash will be king. don't fuck it.
Not really, even if LN fails, the fundamentals of BCash are already broken at layer 0, Bitcoin would remain the #1 store of value. If people are stupid enough to go all in on BCash, it will be a matter of time in which BCash gets attacked. The only reason the network hasn't been attacked is because nobody cares.
Let's just wait and see, Craig Wrigh announced many things recently, let's see how it goes in practice, it's easy to promise things until they are in the wild and being attacked.
Also LN is still in the early stages, it wouldn't be the end of the world if it happens now, there's not even $1million worth of money in the network.
one tx censored and banned and it's over for this "system"... and bcash will be king. don't fuck it.
Turns out my estimations of the Lightning Network's growth were underrated, I was using an outdated explorer that was listing less nodes, use this explorer for the updated amount of nodes:
https://rompert.com/recksplorer/
This is the old url:
https://lnmainnet.gaben.win/
Notice how there's 300 new LN nodes in the other url that the old url is not caching.
LN seems to be growing pretty fast, it will eventually go parabolic once it's easier to run. Right now (I think) you need a full Bitcoin node to run a node, but eventually they will make it so anyone can run an LN node without running a full Bitcoin node.
By 2021 I predict big companies like Steam, eBay or even Amazon starting to accept Bitcoin payments through a much more robust and user friendly LN. Coupled with the store of value properties which will remain as solid as always, the combination will make the price go beyond $100,000.
https://rompert.com/recksplorer/
This is the old url:
https://lnmainnet.gaben.win/
Notice how there's 300 new LN nodes in the other url that the old url is not caching.
LN seems to be growing pretty fast, it will eventually go parabolic once it's easier to run. Right now (I think) you need a full Bitcoin node to run a node, but eventually they will make it so anyone can run an LN node without running a full Bitcoin node.
By 2021 I predict big companies like Steam, eBay or even Amazon starting to accept Bitcoin payments through a much more robust and user friendly LN. Coupled with the store of value properties which will remain as solid as always, the combination will make the price go beyond $100,000.
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