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

[Upgrade00]

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

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[CoinEraser]

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. 

[NeuroticFish]

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. 

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.

[bikereturn]

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?

[Siren]

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

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]

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. 

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 .

[pooya87]

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.

[jossiel]

$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.

[NeuroticFish]

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.

[stanlee2018]

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.

[Febo]

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.

[Pursuer]

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...

[Kemarit]

~ 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.

[Hamphser]

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.  

Not a sure thing yet LN do still have some issues and not fully adopted but somehow we are seeing that it is gradually being used on gambling platforms
as of this moment which is good.

About on the price prediction in November, i do see these numbers to be realistic compared to others exaggerated speculations.

[adaseb]

This is the reason why Bitcoin crashed so hard last November. Basically everybody assumed that "November" and "December" are usually bullish months and they went all out and overleveraged themselves and this is what caused that massive crash.

Right now we can only hope that $4200 area gets engulfed and we close above it on the weekly candle and then we hope that it won't crash under it. If we get this, then this will be the first time since the ATH since we get a weekly close above a previous pivot.

All these predictions are all guesses in my opinion and they should all be taken with a grain of salt.

[exstasie]

This is the reason why Bitcoin crashed so hard last November. Basically everybody assumed that "November" and "December" are usually bullish months and they went all out and overleveraged themselves and this is what caused that massive crash.

What, with our sample size of 10 years? LOL, that assumption was bound to fail. 2011 and 2014 are two prime examples where that bet failed too. And no surprise, those came after a huge bubble just like 2017.

Right now we can only hope that $4200 area gets engulfed and we close above it on the weekly candle and then we hope that it won't crash under it. If we get this, then this will be the first time since the ATH since we get a weekly close above a previous pivot.

I'll still be approaching it with caution even if we do get a weekly close above. With how slow this market moves now, I think a resolution like November 2014 would still be possible.

[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.

[stanlee2018]

This is the reason why Bitcoin crashed so hard last November. Basically everybody assumed that "November" and "December" are usually bullish months and they went all out and overleveraged themselves and this is what caused that massive crash.

Right now we can only hope that $4200 area gets engulfed and we close above it on the weekly candle and then we hope that it won't crash under it. If we get this, then this will be the first time since the ATH since we get a weekly close above a previous pivot.

All these predictions are all guesses in my opinion and they should all be taken with a grain of salt.

Bitcoin has a community all over the world. It seems the will of all BTC community members become more and more strong than before. If all of them think it shall be like that, it will be like that. It`s even like a religion.

[bikereturn]

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.

Its coming.

[pooya87]

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.

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