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Author Topic: Is it fair to call it burst of bitcoin bubble.  (Read 508 times)
figmentofmyass
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January 21, 2019, 05:58:09 AM
 #41

Lightning is something that will later on affect the market positively, because that presents an opportunity for people to 'stake' their coins by locking them up in Lightning channels to scoop up fees. It wouldn't really surpise me if there are like 50,000BTC locked up in the Lightning Network within 5 years. The more coins are locked up the less that can be sold on the market, it's that simple.

yup, it's impossible to predict but exciting to speculate about. metcalfe's law/network effect should apply to lightning the same way it applies to bitcoin. if it ever experiences the same kind of exponential adoption, we're talking about an insane amount of supply being locked up in LN channels. that could have a huge effect on price.

MinerHQ
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January 21, 2019, 09:30:03 AM
 #42

Just check the historic charts and you will see that the pumps happen around the bitcoin halving event. Accumulation starts before that so expect the bull run to start slowly around Q2 this year

If that happen many old investors will be happy but there is no hard and fast rule that always history will repeat. So invest wisely and make money.

Next time try to learn to book some profits now and then instead of just holding your investment forever. Because many people just watched prices touching 20K mark but never really they are benefited from those high prices.
omonuyak
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January 21, 2019, 02:42:39 PM
 #43

To me bitcoin went away too high in 2017 and the market has to reset in other for us to began to see another upwards movement.  It is not a bubble burst but a reset of the market which is normal in every market especially the forex  and stocks market.
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