A lot of noise and FUD news was been said about the price movements of bitcoin lately. We are expecting bitcoin price to move up faster without considering the facts that the process of cryptocurrencies revolution comes in stages. Even the fiat currencies also pass through some stages before it become stabilized.
In every sphere of life, there is always a revolution and developmental stages which I believe is also affecting bitcoin too. Let have believe that this process will stabilize bitcoin in the long run and be more acceptable.
I agree with you.
Bitcoin is still relatively young, new and revolutionary product.
Until now, mostly very young and inexperienced users joined.
We still don't have much big and experienced investors here.
Also, no so many merchants accept bitcoin and we are still not mainstream.
So, it's natural that right now bitcoin is affected by any bad news, rumors etc.
I expect that in the long term bitcoin will continue to grow.