I think that the OP has raised a valid point. However, it cut both ways. If investors see that bitcoin price is somewhat leveling, there are chances that they are going and shy away from the ecosystem. On the other hand, a new set of investors will come in because that's what they are looking for, bitcoin price somewhat stabilizing and volatility reduced.
But its hard to tell at this point. There's another bitcoin future contracts looming on the 18, we need to see how this CME offering could impact the current prices in a positive way.
Dunno about 20k.
Like 3 weeks ago nobody would believe, that BTC could cross 10k before Christmas. and now we are at 18k... . You really can't tell what's going to happen in net 48 hours on this market.
You really don't get it. Like 3 weeks ago, financial institutions offering bitcoin future contracts is all rumors. That's why the price keeps getting pushed on anticipation of the said offering. And now that CME offering started, we see just a few minor price swings and the price is slowly stabilizing.
~snip~
However, for me, LN and on-chain scaling are not enough to enable Bitcoin to be a truly global solution. A "sharding" solution like pegged sidechains, child-chains or extension blocks would be the piece of the puzzle that is still missing.
But as far as scalability is concern, LN should be good short term. What we need is a long term solution. For me LN it just like patch a band aid of sort. We need solution if we want bitcoin to be a true "P2P" as envisioned by Satoshi.