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.
I dont see sideways price action as a bad thing, if anything it gives potential investors confidence that theyre not going to lose a shit tonne of money. Anybody with half a brain knows that investing in bitcoin will pay off massively in the long term, a bit of patience might be required though.