Lightning Network will help bitcoin`s price reach 6,000 USD in November - page 3.

BitHodler

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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.

Indrawan77

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We actually need more investors, the feature and the technology of bitcoin for now is enough for people to do transaction and without the lightning we can achieve 6k,the problems now lies in the adoption and investors, I don't see people ever complain again about the speed of the transaction, so I don't think the lightning network is one of the factor that could trigger bull market

jossiel

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Price will grow as usual due to the incoming events that like halving which is going to be months away by November. Though it will take place by May 2020, some would take it earlier than expected just to be prepared if market takes off.

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

LeGaulois

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I'm not sure the Lightning Network will (drastically or not) increase the price.
People will not bother reading about what LN brings to Bitcoin, they will not understand it and they will not feel concerned, like what happened with SegWit. (I am talking about people who aren't yet a crypto user) Also not everyone will want to use LN, whatever reason they have.

This does not prevent the price from reaching $6,000 as the OP expects and there is a good chance that this will happen, but it will happen without LN. Sure we will surely notice a boost from some days but nothing spectacular to expect.

talkbitcoin

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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.

we haven't been in a bear market for some time now but the fear is still there in the market because last time the drop was unexpected and manipulated. otherwise we would have been rising already.
but i agree that with current market news like this can not change the trend.

bitbunnny

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People are so eager for price to go up again that they are thinking about all possible reasons, arguments and techiques and technologies that could help that happen. But Bitcoin market has its own rules that should be taken into account. Personaly I don't think that LN could influence the price significantly and besides it's not applicable widely.

davis196

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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.

Lol,it's 2019 not 2017. Grin

All the hype regarding LN and it's large impact over the future bitcoin price is over.
A 6K USD bitcoin price after 7 months is a pretty conservative prediction.I'm expecting something around 10K.
So the applications that are based on LN are called Lapps.Damn,today I learned something new from a low quality forum post. Grin

Lucius

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

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-bitcoin-good-or-bad-news/

Given the importance of bitcoin futures, this is not good or bad news, actually is completely insignificant and therefore does not affect on crypto market. As stated in the article this decision is very likely to have a connection with "growing lack of interest in Bitcoin", and "very low volatility".

Lightning Network is great achievement for bitcoin, but probably it will pass a few more years before it becomes applicable to broad masses. We have SegWit for some time, and fact that it is not so complicated as LN, but still many users do not know what is it all about, shows us that things are developing pretty slowly. LN is just one thing, though very important, but can not change what most people are interested in, and that's the price.

ajqjjj

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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-bitcoin-good-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.

Most of the time expectation never comes true so we are all accepting the current situation. But everyone said bear market was end and bull run will soon so we need solid proof of big jump in crypto market otherwise all are panic to participate in Bitcoin investment. I believe end of the year some big pump will occur in Bitcoin so we must buy more crypto is good decision.

LFC_Bitcoin

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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-bitcoin-good-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.

Tytanowy Janusz

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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-bitcoin-good-or-bad-news/

pooya87

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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.

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!!!

bikereturn

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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.

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