Lightning Network will help bitcoin`s price reach 6,000 USD in November - page 2.

Kemarit

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Quote from: Pursuer on March 26, 2019, 07:46:51 AM

~ snip ~

Or, just history repeating itself. But I totally agree with your sentiments, the same prediction but with different set of people now. They really haven't seen Bitcoin goes on a painful grid everyday in 2015 when the price was stagnant, but eventually it did rise and slow and then the dramatic spike that ended up in 2017. So at some point in the future we will see that rapid increase again, investors, speculators and even noobs pumping fresh blood just like we have seen in 2017.

Pursuer

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Where is my ring of blades...

every time I read a sad speculation like this from someone predicting such a small rise for this year, I feel right back in 2015 where price was stuck at $220 for a very long time and people were coming up with the same exact sad speculations about the price and how it would only have a small rise for the same weird reasons. all of them are missing one important thing. and that is the fact that bitcoin price has always been rising because of bitcoin adoption and that process is slow but is happening at all times. but sometimes (like now) price remains stable because of lack of confidence and some manipulations. it just needs to start rising for all that to come back and we see the same big rises again.
the rest as they say is history...

Febo

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Quote from: bikereturn on March 24, 2019, 10:46:55 PM

As what we see in the past 6 years. The price of bitcoin will increase this year and my estimate for the price will reach to 6,000 USD this November.And the reason behind is the booming of Lightning Network and the Lapps that base on LN.

Well, Bitcoin price can easily reach $6k by November. With LN or without. Value of LN I see is that at next hype when number of transactions spike fees will be much lover than without LN.

stanlee2018

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Quote from: NeuroticFish on March 26, 2019, 02:04:05 AM

Quote from: bikereturn on March 25, 2019, 09:20:10 PM

Like the topic of this page, it just a kind of Speculation. From the bitcoin price chat history, November it a month that have more chance to have a higher price .

Some post their predictions with no "support" at all, some come with shiny graphs and analysis.
You come with some historic data, but at least you are honest: it's just speculation. I like that.
(Somehow I feel that this should written down more often, since many newbies or occasional readers may not know.)

Back on track: on history-based forecasts I tend to agree, November was - sometimes - a good month. On the other hand February-March used to be bad (Chinese New Year, Tax..) and this year it was not worse than the (already bad) average. So history may be deceiving too. I hope you are right and we'll be at 6k+ by November, though.

Yeah, u can not actually predict what will happen in the future, even with the best analyst 、charts.
I am a Chinese and I love the philosophy of < Tao Te Ching>. In the DAO, things will change when it comes to an extreme point. And everything has its rhythm.

NeuroticFish

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Quote from: bikereturn on March 25, 2019, 09:20:10 PM

Like the topic of this page, it just a kind of Speculation. From the bitcoin price chat history, November it a month that have more chance to have a higher price .

Some post their predictions with no "support" at all, some come with shiny graphs and analysis.
You come with some historic data, but at least you are honest: it's just speculation. I like that.
(Somehow I feel that this should written down more often, since many newbies or occasional readers may not know.)

Back on track: on history-based forecasts I tend to agree, November was - sometimes - a good month. On the other hand February-March used to be bad (Chinese New Year, Tax..) and this year it was not worse than the (already bad) average. So history may be deceiving too. I hope you are right and we'll be at 6k+ by November, though.

jossiel

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Quote from: BitHodler on March 25, 2019, 08:33:10 AM

Quote from: jossiel on March 25, 2019, 08:01:17 AM

$6,000 seems to be fine unlike the high predictions that we have heard lately.

It may seem fine, but it's questionable at the same time. The support level that kept the price above the $6000 mark for so long will form a massive resistance level keeping the price below $6000 for a long time.

It doesn't happen all that often in any market that such important resistance levels get broken through without a fundamental change to the asset or stock turning investors into bulls.

I remained conservative above $6000 and I still am at current levels. Bitcoin is a speculative asset class at the end of the day, and one that doesn't have a revenue or profit stream to use as measuring stick.

Yes, can't deny that it is still a speculative asset and price do fluctuate at whatever price that it will. As usual, if bitcoin turns back to $6,000 we are likely to see the same thing like what's happening with $3900 - $4kish.

There will be a resistance for sure and that will make people to predict another price level. But I'm more fond when bitcoin surprises us and the expectation of everybody is different on what its actually going to show by November time.

pooya87

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Quote from: bikereturn on March 25, 2019, 08:40:45 PM

Quote from: gentlemand on March 25, 2019, 11:17:45 AM

I'm very intrigued to see how it pans out.

Outside a few enthusiast circles no one seems to pay much attention or have any understanding of it. The main LN thread on here is several months old and it's only about 20 pages still. I'm part of the furniture here and beyond the barest of ideas I couldn't explain it to someone properly.

I think its effect is going to be far more subtle than most expect. Unlike your average shitcoin there is no launch date, there is no weird baldie hyping it on stage. It's going to slowly sneak up.

So how do u think about the Lapps. U know the Dapps was boomed serval months ago. Will Lapps also give the world a shock?

so far we have never seen any useful DApps and they were purely hyped up crap created for money grabbing which failed. i don't see how L.Apps can change that and since that "hype" is nearly dead now i don't see them having any meaningful effects on the price in the future either.
that is of course unless we see an actual change in this trend and magically start seeing useful ones which i doubt.

bikereturn

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Quote from: NeuroticFish on March 25, 2019, 01:40:36 PM

Quote from: CoinEraser on March 25, 2019, 12:10:20 PM

Let's be honest and admit that the price is determined by the whales and not by good or bad news, the lightning network or the next Bitcoin halving. If the whales say it will be time for 6,000 bucks the price will rise. The question is when the whales think the price is right. 6k will come again, the only question is when. Wink

You're right about the whales, but I think that you are wrong about the halving. The halving has a good potential to trigger bigger changes in the market, maybe even an uptrend. That's actually one of the reasons 6k is a matter of "when".
On the other hand, I'm not convinced by the relationship between the price and LN and, even more, about the "November" time target.

Like the topic of this page, it just a kind of Speculation. From the bitcoin price chat history, November it a month that have more chance to have a higher price .

Siren

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Quote from: pooya87 on March 24, 2019, 11:55:46 PM

to reach such a low target as $6000 you don't need something as big as Lightning Network! $6k will be reached so much easier even without any kind of hype whatsoever.

totally agreed on this ,we had reached almost $20,000 without Lightning Network so what Reason might we have to doubt hitting $6,000 in normal market growth

Quote

besides the only way Lightning Network is going to contribute to price rise is if it starts being used in something big like by some exchanges or some big businesses,... in short we need it to be adopted. and so far although it has been growing so much lately i don't see that kind of adoption in it. and it is still in beta and kind of buggy.
and when that happens you can think about new ATH instead of a low price like $6k!!!

Adoption is what we really need now most of everything since this hindered us to move to another stage of mainstreaming.so hopefully more exchanges and companies will use LN as a big contribution for the whole community here

bikereturn

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Quote from: gentlemand on March 25, 2019, 11:17:45 AM

I'm very intrigued to see how it pans out.

Outside a few enthusiast circles no one seems to pay much attention or have any understanding of it. The main LN thread on here is several months old and it's only about 20 pages still. I'm part of the furniture here and beyond the barest of ideas I couldn't explain it to someone properly.

I think its effect is going to be far more subtle than most expect. Unlike your average shitcoin there is no launch date, there is no weird baldie hyping it on stage. It's going to slowly sneak up.

So how do u think about the Lapps. U know the Dapps was boomed serval months ago. Will Lapps also give the world a shock?

NeuroticFish

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Quote from: CoinEraser on March 25, 2019, 12:10:20 PM

Let's be honest and admit that the price is determined by the whales and not by good or bad news, the lightning network or the next Bitcoin halving. If the whales say it will be time for 6,000 bucks the price will rise. The question is when the whales think the price is right. 6k will come again, the only question is when. Wink

You're right about the whales, but I think that you are wrong about the halving. The halving has a good potential to trigger bigger changes in the market, maybe even an uptrend. That's actually one of the reasons 6k is a matter of "when".
On the other hand, I'm not convinced by the relationship between the price and LN and, even more, about the "November" time target.

CoinEraser

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Quote from: bikereturn on March 24, 2019, 10:46:55 PM

As what we see in the past 6 years. The price of bitcoin will increase this year and my estimate for the price will reach to 6,000 USD this November.And the reason behind is the booming of Lightning Network and the Lapps that base on LN.

Let's be honest and admit that the price is determined by the whales and not by good or bad news, the lightning network or the next Bitcoin halving. If the whales say it will be time for 6,000 bucks the price will rise. The question is when the whales think the price is right. 6k will come again, the only question is when. Wink

Upgrade00

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At first glance it looks like a very low target for the end of the year, but considering the protracted bear market and the lack of activity in the market and reduced volatility, it could genuinely take that long to breach that range, although LN may not be the reason for that, the phase of growth is iminent and bitcoin can grow rapidly supported by the community

gentlemand

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I'm very intrigued to see how it pans out.

Outside a few enthusiast circles no one seems to pay much attention or have any understanding of it. The main LN thread on here is several months old and it's only about 20 pages still. I'm part of the furniture here and beyond the barest of ideas I couldn't explain it to someone properly.

I think its effect is going to be far more subtle than most expect. Unlike your average shitcoin there is no launch date, there is no weird baldie hyping it on stage. It's going to slowly sneak up.

bikereturn

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Quote from: Tytanowy Janusz on March 25, 2019, 04:02:25 AM

Price will grow when whales will be ready. Not when good news will appear. We are no longer in bull market where good news pumps x2. We are in bear market where average investor is to scared that its last year of bitcoin. No matter if with or without LN.

Slow down. Firstly we need to break 4k resistance and huge sell walls in 5200-6000 range.
Good news is that price didn't drop after CBOE delisting bitcoin futures news meas that there are no panic sellers anymore. Weak hands left their bitcoins after breaking 6k support.
https://www.cryptoglobe.com/latest/2019/03/cboe-delists-bit[Suspicious link removed]d-or-bad-news/

Since Cobe does not share a big market. It is just a news nothing else. And yes we do not have anything to loose now, cause we already in the bottom.

infested

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Quote from: bikereturn on March 24, 2019, 10:46:55 PM

As what we see in the past 6 years. The price of bitcoin will increase this year and my estimate for the price will reach to 6,000 USD this November.And the reason behind is the booming of Lightning Network and the Lapps that base on LN.

Well i think that we hit rock bottom at around 100b market cap (total crypto sector). So speculating a BTC price of 6k usd by November is a very realistic goal. To be honest i will be somewhat disaponted if it is only at 6k after 8 months...

bikereturn

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Quote from: LFC_Bitcoin on March 25, 2019, 04:46:15 AM

Quote from: Tytanowy Janusz on March 25, 2019, 04:02:25 AM

Price will grow when whales will be ready. Not when good news will appear. We are no longer in bull market where good news pumps x2. We are in bear market where average investor is to scared that its last year of bitcoin. No matter if with or without LN.

Slow down. Firstly we need to break 4k resistance and huge sell walls in 5200-6000 range.
Good news is that price didn't drop after CBOE delisting bitcoin futures news meas that there are no panic sellers anymore. Weak hands left their bitcoins after breaking 6k support.
https://www.cryptoglobe.com/latest/2019/03/cboe-delists-bit[Suspicious link removed]d-or-bad-news/

We’re at the very end of the bear market, possibly beginning to transition into bull market. This is the accumulation phase, time to buy cheap coins.

$6,000 may take some time to be breached though, maybe the end of 2019.

Yeah，that`s why i said in November.

buwaytress

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OK. I'm all for Lighting Network and seriously, can't wait to find one of my regular merchants one day telling me they've gone LN. But if LN's had anything to do with price increases, then it hasn't had desired effect in the past year of adoption (which, btw, has really exceeded expectations). Not that I wouldn't welcome it, but I think BTC price has managed to overturn expectations... rising in the face of crisis and plunging at the height of payment tech development.

P.S. I don't think the 30-dollar fees was really about people sending bitcoin to each other like crazy. That was probably speculator transactions... trading, exchanges, altcoin exchange... but that's just my opinion.

el kaka22

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LN is a great technology and it certainly makes it so much better for people to send and receive money. Lets face it one of the biggest challenges during the 2017 peak time at 20 thousand dollars was people sending each other money like crazy and while everyone was buying and selling and all that they had to spend as much as 30 dollar sometimes for it.

I remember receiving 700 dollars for something and it was sent with 33 dollars transaction fee, that was unsustainable and of course the price eventually dropped. This does allow bitcoin to go up a lot more and quickly, I can't say "November" or "6 thousand dollars" because it makes it an objective result but I can say "sometime in the future" and "will go up" because those two things are for sure in my mind, it will certainly happen.

dothebeats

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Perhaps it may not be LN that will be the main reason for a push, but some other things. I sense something is happening lately, with high volumes on certain exchanges plus there seems to be no definite movement as to where this market will go. The hype for LN has long been dead, and even the ETFs and futures are on the list of dead hype trends, too, so they are out of the equation as well. $6000 is a realistic estimate for an 8-month journey, though I expect something more, but then again it will depend on what event will spark such movement.

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