The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
Definitely,instead of instant rises followed by sudden dips in price would affect the progress of bitcoin more.It would be better if bitcoin price increases slowly but steadily.That would create a strong user base for bitcoin.Volatility is also a major reason due to which more retailers are not ready to accept bitcoin payments.