Post
Topic
Board Speculation
Re: Lightning Network will help bitcoin`s price reach 6,000 USD in November
by
Lucius
on 25/03/2019, 11:48:02 UTC

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.