Lightning Network will help bitcoin`s price reach 6,000 USD in November

[Wind_FURY]

OP, no. Haha.

But I believe the halving will, if it follows Bitcoin's historic price trends. From the past halvings, Bitcoin started to rise gradual one year before the next halving.

Expect a high probability that that "rise" might start on May.

with the way people have been focusing on the next halving (which will be the third one) for more than a year now, i wouldn't be surprised if we saw the new ATH be reached by then instead of after the halving like last time.
specially when you consider the fact that the first halving causes a big rise, then by the time second one was happening people were skeptical about such rises but it happened bigger. this time that skepticism is smaller and the hype is so much bigger.

That's probable. The same with how the people have been focusing on Bitcoin's capitulation to "crash below $3,000, and then a sudden rally", a few months ago which never happened.

The people might have become much smarter.

the thing i am not sure about is whether this is a terrible thing for bitcoin or not?

It's neither, it's the way of the market. HODL.

[darewaller]

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.  

I love the technology behind the lightning network in the bitcoin node through a lot of persons are against it because they see it as a way of centralizing the bitcoin blockchain which is against satoshi initial plan for bitcoin and crypto as a whole, but since we don't have a better method of solving the problem of scalability in the blockchain, then I think we have no choice than to accept lightning network until we can come up with something better to enable microtransactions on the blockchain and everyone making use of bitcoin can carry out transactions freely.

[figmentofmyass]

with the way people have been focusing on the next halving (which will be the third one) for more than a year now, i wouldn't be surprised if we saw the new ATH be reached by then instead of after the halving like last time.

That's probable. The same with how the people have been focusing on Bitcoin's capitulation to "crash below $3,000, and then a sudden rally", a few months ago which never happened.

i never expected a capitulation event a few months ago, not until after a significant upside correction first. i still think a capitulation event is possible too. it takes many months to form a market bottom. i wouldn't declare victory yet just because bitcoin went sideways for 3 months. we had a long sideways like this at $6k too.

i still like the "sideways 2019" scenario but i'm nervous at how bullish everyone is getting. 3 months since the bottom, we've only recovered $900 and y'all are already predicting new ATHs next year. people are usually a lot more pessimistic at the beginning of bull markets.....

[shannelcoin]

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.  

It takes time meet the 6k price because bearish market maybe if many investor will go again in bitcoin there's possible that bitcoin will reach 6k price but of course no one knows when it this happen.

[stylecr]

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.  

I love the technology behind the lightning network in the bitcoin node through a lot of persons are against it because they see it as a way of centralizing the bitcoin blockchain which is against satoshi initial plan for bitcoin and crypto as a whole, but since we don't have a better method of solving the problem of scalability in the blockchain, then I think we have no choice than to accept lightning network until we can come up with something better to enable microtransactions on the blockchain and everyone making use of bitcoin can carry out transactions freely.

Check this out：https://blog.bitmex.com/the-lightning-network-part-2-routing-fee-economics/
I think Lighting Network will booming in the end of this year.

[Wind_FURY]

with the way people have been focusing on the next halving (which will be the third one) for more than a year now, i wouldn't be surprised if we saw the new ATH be reached by then instead of after the halving like last time.

That's probable. The same with how the people have been focusing on Bitcoin's capitulation to "crash below $3,000, and then a sudden rally", a few months ago which never happened.

i never expected a capitulation event a few months ago, not until after a significant upside correction first. i still think a capitulation event is possible too. it takes many months to form a market bottom. i wouldn't declare victory yet just because bitcoin went sideways for 3 months. we had a long sideways like this at $6k too.

i still like the "sideways 2019" scenario but i'm nervous at how bullish everyone is getting. 3 months since the bottom, we've only recovered $900 and y'all are already predicting new ATHs next year. people are usually a lot more pessimistic at the beginning of bull markets.....

Then as long as you believe that, there are other people who have adjusted, and will react on the market differently than the "expected" sell because of capitulation. They might be ready to buy because of that expectation, which would then cause "capitulation" to not happen.

[TravelMug]

And speaking of Lightning Network's adoption:

https://blog.zebpay.com/zebpay-launches-lightning-network-payments-44cfaad0b1c7

We are excited to announce that Zebpay is launching its Lightning Network integration. Starting today, Zebpay customers from around the world can use the BTC balances on their Zebpay wallet to make payments in a flash on the Lightning Network.

So day-by-day, a lot of companies, merchants are really using LN and taking advantage of it. You can even go to Youtube and search and you will see the countries who's friendly to bitcoin are adopting it.

And just maybe we can realized that $6k in November, who knows.

[Slow death]

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.

Oh it will be so much fun watching you compete with Tom Lee.

leaving jokes aside, your prediction is not so difficult to come true and that's because the price is at $4100 now and it takes many months to arrive in November, but still I'm still skeptical about seeing the price of $ 6000 still this year. it may be that the price is stagnant in this area of $4000 for many months and we arrive the next year while the price still continues in the  $4000

‘The Main Use For Bitcoin Today is as Digital Gold’: Claims Economists

it is a good article

And the reason behind is the booming of Lightning Network and the Lapps that base on LN.

Hmmm... I do not think the price would rise for this reason

[bikereturn]

And speaking of Lightning Network's adoption:

https://blog.zebpay.com/zebpay-launches-lightning-network-payments-44cfaad0b1c7

We are excited to announce that Zebpay is launching its Lightning Network integration. Starting today, Zebpay customers from around the world can use the BTC balances on their Zebpay wallet to make payments in a flash on the Lightning Network.

So day-by-day, a lot of companies, merchants are really using LN and taking advantage of it. You can even go to Youtube and search and you will see the countries who's friendly to bitcoin are adopting it.

And just maybe we can realized that $6k in November, who knows.

Bitcoin is the gold but a gold that can easily spend in everywhere with the help of Lightning Network.

[Yaunfitda]

Bitcoin is the gold but a gold that can easily spend in everywhere with the help of Lightning Network.

You mean digital gold?

Of course, adoption is really going. Everyone wanted to get a hold of this so-called digital gold. And just like any assets, it has problems and LN is the much anticipated solution to it.

We are still the bearish trend, sad to day and it will take months to be able to recovery. It might be that LN could be considered by others as catalyst, but it needs more growth, more adoption in order to help the price to reach $6k. But I guess, if there is growth around the corner, there could be other factors as well that can contribute, not just LN.

[wuvdoll]

Do not mix what could make bitcoin stay up and what could make bitcoin go up. If bitcoin one day reaches 6 thousand dollars which we all know eventually it will, lightning network is the type of thing that could keep it there and help it not go back down, but it is certainly not something that will take bitcoin to 6 thousand dollars. There is a clear distinction between helping not fall and helping go up.

Bitcoin needs new money coming in and lightning network is not the type of thing that will get us new money, we need media and news that will air on everywhere that will attract the new money, with news and media (specially TV because we are already everywhere in online world) and maybe even SEC-ETF thing we could potentially get a lot of money in but until than lightning network is just insurance for us.

[2chase]

It seems to me that by November the price of bitcoin should be much higher than $ 6,000, I can of course be mistaken, since my opinion is based mainly on my intuition, but it seems to me that by the month of November bitcoin can cost much more than $ 6,000. Perhaps even more than 10,000.

[bikereturn]

Guys，the price hit 5,000 USD today。。。。