I just want the bitcoin price to rise 5% a week in the next few years. The price in recent period is too volatile.
Some people do not seem to understand, stability is not the friend of
BTC. Wild swings in price are healthy and necessary for the long term success of
BTC, not slow rises.
This isnt true, theres no one out there that wouldnt invest in bitcoin if you were guaranteed a 5% return every week. thats enormous, The wild swings are what keep people from bitcoin because its not a safe bet. More stability would bring more people into bitcoin. Investors like predictability
In a perfect computer simulation maybe. Do you know of anything that has or does increase in value 5% a week, every week? In real life that does not happen. Wild swings are what attracts people to something new like
BTC. It is the lure of making big money quickly. When established in the years ahead, I expect to see monthly steady growth. Right now, ups and downs are what is healthy. It keeps people's hopes alive that they can become rich. The true safe bet right now is that these swings in price are making people big money.