Quote from: imapessimist on January 25, 2018, 11:25:10 AM

Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.

Isn't that exactly what everyone wants? Bitcoin stability is one of the things that is seriously affecting the practicality of bitcoin for some merchants. The only reason why they are not willing to use bitcoin at this point is the fact that the price can be extremely unstable at times, and if a downward move happens it'll severely damage their business's cash flow.

If bitcoin held steady for months, then it would be awesome and it'll prove to people that bitcoin has matured as a store of value.

Though, i don't think that the period of volatility is over yet. It is much more probable bitcoin goes up around at least $5-10k before stabilizing, or correcting and stabilizing. Right now, the price is still undervalued.