in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
The price increase of bitcoin today,so far so good,but not at all,because until now they feel the effect of those happen two previous month,because if we monitored now the statistic of bitcoin,the value price is erratic or volatile,sometimes its up in a small amount,and sometimes it will dump,thats why the popularity of bitcoin will be affected this chaos happen now in the cryptocurrency system.
The popularity is not always that good when it comes to the market. Yes, it will increase the demand but the competition between users will also increase which surely affects the price. There are many newbies out here who would choose to sell whenever the price had a little increase than to hodl. Because of this, the price irritatingly dumps very fast causing hodlers to lose profit. We expect bitcoin to have higher market price as years go by but since the population of users increase but not the investors, the price will likely jump a little unlike what happened in the previous years.