Yes. If the price rises too fast like it did in 2013, the price will also drop very fast and have 3 years of price drop.
That is the reason why I do not like big pump and dump. Slow but steady bitcoin price rise is preferred.
In the future, when the bitcoin becomes more mature and price is higher, it is going to be more stable.
well it is just a guess, it might be even more volatile as more people will be pumping and dumping, in my opinion the price is not going to go to lower than 550 prices
Apart from the Bitfinex hack caused price dump, the bitcoin price has been quite stable in the last two months.
I think the current price is quite good to buy. The bitcoin price will rise soon after people forget about the hack.
The bitcoin price is in the consolidation stage after the recent price drop and recover. When this stage finishes, the price will rise again.
I expected the previous consolidation stage makes the bitcoin to rise high but it broke and falled down to $530 and now has recovered better. I believe this consolidation stage makes the price to increase sharply.
The bitcoin price is consolidating around $590 at the moment. After a few more months of consolidation, the price could rise 50%.
What makes you think the price goes up with 50%?
This is stupid investment advice and no you are in no way to qualified to make such, as the most you can do is to state it as your personal opinion...
As for consolidation no the price is looking for a new resisting point that can be over or lower the current price point.