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RE: Lightning Was Released This Week – What Will be the Impact for the Bitcoin Network and the Cryptocurrency Market?
Thanks for explaining the lightning network and side chains. They work in theory, let's see how they work in action. As far as the price dropping to $5,000 nobody knows but we have to test $6500 first. It's funny how when bitcoin was at $19,000, people thought it would hit $50k. When it's low people think it'll keep dropping. Obviously, things don't go down forever and go up forever. We could very well be finding good support at this level.
This article is not claiming the price will drop to $5,000. Arguing against that maybe comes from a mindset of following too many chart readers. I do not project or predict prices but only analyze technology and the fundamentals behind them. Please try not to glam on to a number as a target from this article.
If one goes to a mindset of fundamental value investing rather than a daily trading one you'll see that there is little difference from a risk/reward standpoint between buying at $6,500 or $5,000 if the technology is indeed valuable to the point that it gets to say $50,000 in some months or few years.