RE: BTC - We will go test the long term downtrend line around 8000$

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BTC - We will go test the long term downtrend line around 8000$

in bitcoin •  7 years ago 

Let's hope it will hold, there is really nothing wrong with BTC fundamentally, so it should. But you never know in crypto. Long term this is the most bullish period ever, so the lower the price goes the better to enter the market!

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Will it takes time to go uptrend again?

Power consumption? Transaction times?

@mysearchisover Your answer: Lightning and POS.

Point of Sale? Is Lightning fully operational? I've read that Lighning might not be able to save Bitcoin.

POS = proof of stake, another potential. Lightning has been deployed on mainnet already. At the very least, it will solve the high TX fees and speed. http://lnstat.ideoflux.com/dashboard/db/lightning-network?refresh=5m&orgId=1